XRP sinks 10% as the Clarity Act fails and bitcoin slides toward $76,000
The Senate’s 49-50 procedural vote left the crypto market structure bill 11 short of what it needed, and every major token fell.
US Moves to Forfeit $61M in Crypto Linked to Iran’s Oil Sales
U.S. prosecutors are seeking forfeiture of roughly $61 million in cryptocurrency allegedly generated through sanctioned Iranian oil sales. The assets are tied to a wider network accused of moving more than $1.5 billion in illicit oil proceeds. US Targets $61M…
Grayscale Makes XRP a Core Holding in New Crypto Model Portfolios
Grayscale has made its XRP ETF one of the largest allocations across its new crypto model portfolios for financial advisors. The XRP fund ranks second only to Grayscale’s ether ETF in the bitcoin-excluding Next Gen strategy and third behind its…
Crypto industry turns to US regulators after CLARITY setback
The CLARITY Act still has a procedural path after Senator Thom Tillis moved to reconsider the failed cloture vote, though industry executives are divided over whether Congress has enough time left.
SEC Chair Pushes Crypto Self-Custody in New Regulatory Framework
SEC Chair Paul Atkins has asked staff to develop a proposal allowing investment advisers to self-custody crypto assets under certain conditions. The plan would also permit state trust companies to serve as custodians for advisers and regulated funds. Atkins Wants…
Bitcoin slips to $77,800 as Senate Clarity Act vote nears and oil prices climb
Bitcoin pulls back from $79,000 as the Senate prepares to vote on the Clarity Act and oil prices rise.
Democrats Draft CLARITY Act Counteroffer as Ethics Dispute Grows
Senate Democrats are preparing a counteroffer to the Senate Republicans’ CLARITY Act draft text introduced on Sunday. Democrats have criticized the new ethics language as falling short of their expectations, and even some Republicans have expressed doubt about the CLARITY…
UK Lords Defeat Government 194-138 Over Crypto Strategy
The United Kingdom government has suffered a House of Lords defeat after peers voted 194-138 to require the Treasury to produce a national digital-assets strategy. The amendment puts fresh pressure on the U.K. to sharpen its approach to crypto, stablecoins…
Lummis Pushes Senate Democrats to Rally Behind Final CLARITY Draft
Senator Cynthia Lummis, one of the driving forces behind the CLARITY Act, remarks that the bill, in its final form, represents one of the largest bipartisan Senate endeavors. She stresses that if it fails, crypto companies will take their business…
What’s New in the Final CLARITY Act Ahead of the Senate Vote
Senate Republicans have outlined what’s new in the final version of the CLARITY Act ahead of a Sept. 15 procedural vote. The changes would strengthen ethics enforcement, create a stablecoin safeguard, and extend developer protections to miners and validators. What’s…