Browsing: Senate

Ripple’s fight with the SEC left XRP (CRYPTO:XRP) untradeable on U.S. exchanges for years, until a 2023 court ruling found that XRP sold on exchanges was not a security and the platforms relisted it. Then in March this year, the SEC and CFTC jointly classified XRP as a digital commodity.

Bitcoin (BTC) price holds steady above $64,000 on Friday, with the 50-day Exponential Moving Average (EMA) at $64,637 capping gains. The US Senate has delayed the floor vote for the Crypto Clarity Act after the summer recess, starting Monday. Cardano (ADA) and LayerZero (ZRO) hold gains from the previous day’s rebound, outperforming top altcoins over…

Treasury Secretary Scott Bessent’s push for a swift Senate vote on the Clarity Act catalyzed a modest cryptocurrency market recovery on July 31, with total market capitalization reaching $2.2 trillion. Bitcoin briefly surpassed $65,000, while BNB surged over 3%. The administration’s urgency stems from concerns that impending summer recesses and potential political transitions could stall…

Galaxy Research cuts odds of passage to 30% as partisan tensions and competing priorities push the legislation into an increasingly narrow window

The Senate Republican crypto bill is the latest version of the Digital Asset Market Clarity Act, a market structure bill designed to create a federal regulatory framework for digital assets in the United States.

The Clarity Act, aiming to establish a comprehensive federal framework for cryptocurrency regulation in the United States, is now set for a full Senate floor vote. Announced by Coinbase CEO Brian Armstrong, the development marks a notable advancement in the legislative process for the bill, which seeks to delineate the roles of the SEC and…

The president’s Truth Social nudge puts pressure on Democrats holding up a bill that could reshape how digital assets are regulated in the US

Ripple announced on July 14 that its CLARITY truck had returned to Washington, D.C., as the debate over U.S. cryptocurrency regulation entered a critical phase. The campaign renewed industry pressure on lawmakers as Senate Democrats challenged the bill’s ethics and consumer protection provisions. Their objections complicate the bipartisan support required for passage.

The US crypto regulatory environment is at a critical juncture. Two Senate committees have approved market-structure frameworks, but a full Senate vote on the crypto bill is yet to happen. With the state work period set to begin on August 10, negotiations could have far-reaching implications for trading, custody, token issuance, and institutional demand for…

President Trump has publicly called on the Senate to pass the Digital Asset Market Clarity Act, a key piece of legislation aimed at defining regulatory boundaries for cryptocurrencies in the United States. The bill, which has been long-stalled, seeks to delineate the jurisdiction between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange…