The US Senate returns to session this week with a narrow window to advance the Digital Asset Market Clarity (CLARITY) Act, a bill that many in the cryptocurrency industry see as a critical step toward establishing federal rules for digital assets. If the legislation fails to overcome a procedural hurdle, the path to becoming law […]
A bipartisan ethics proposal aimed at clearing the path for the CLARITY Act in the US Senate could deliver a substantial tax windfall to President Donald Trump, according to a Bloomberg report published Thursday. The addendum, which has not been publicly released, would reportedly require the president to divest from his crypto-related business interests while […]
The cryptocurrency market faced a turbulent week as a major security breach on Coldcard hardware wallets led to a significant loss of Bitcoin, prompting a flight to centralized exchanges and alternative custody methods. Meanwhile, legislative efforts to pass the Clarity Act in the U.S. Senate are running out of time, and industry analysts point to […]
Three Democratic US senators have publicly opposed the Digital Asset Market Clarity (CLARITY) Act, citing concerns that the bill fails to address what they describe as ethical conflicts tied to President Donald Trump’s involvement in the cryptocurrency industry. The opposition comes as Senate Majority Leader John Thune has pledged to bring the legislation to a […]
Chris Larsen, co-founder and executive chair of Ripple Labs, was reportedly among the investors backing a financial venture launched by the son of US Senator Kirsten Gillibrand, according to a Thursday report from Politico. The development comes as the New York Democrat is actively involved in negotiations over ethics provisions in a major crypto market […]
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