The Digital Asset Market Clarity Act failed to clear a critical Senate cloture vote on September 15, falling short 49-50 of the 60 votes needed to advance. The bill would have established clear rules for classifying cryptocurrencies and blockchain projects…
SEC Chair Paul Atkins said the agency will press ahead with its own crypto rulemaking agenda regardless of whether the Clarity Act becomes law, even as he urged Congress to pass the bill. “Congress should vote to advance the Clarity…
Bitcoin dropped about 3% on Tuesday after the U.S. Senate failed to advance the Clarity Act, a market structure bill the crypto industry had spent months lobbying for. The procedural cloture vote came up short 49-50, well below the 60…
The Clarity Act, the crypto industry’s most closely watched piece of legislation this year, faces a critical cloture vote in the Senate on September 15. The bill aims to draw a clear statutory line between which digital assets fall under…
Crypto markets are entering a high-stakes stretch, with the Federal Reserve’s FOMC rate decision on September 16 landing just one day after the Senate’s critical Clarity Act cloture vote. The overlap of a major monetary policy event with a pivotal…
The U.S. Securities and Exchange Commission has shelved a planned meeting on new crypto asset offering rules, just days after the Senate failed to move the Clarity Act forward. The delay marks another setback for an industry that has spent…
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Bitcoin climbed to approximately $78,000 this week even as broader equity markets came under pressure, driven by growing investor anxiety over stretched valuations in the artificial intelligence sector. The move stood out because bitcoin has, for much of the past…
Senate Republicans this week released what they are calling a “final” draft of the Clarity Act, the long-running effort to establish clear regulatory rules for digital assets in the United States. The updated text follows reports that former President Trump…