Browsing: Crypto Regulation

Add preferred source The U.S. Senate failed to advance the CLARITY Act, a bill that would have created the first federal regulatory framework for digital assets, falling short of the 60 votes needed on a procedural motion. Former CFTC Chairman Christopher Giancarlo said the setback would not stop the “march of innovation,” emphasizing that SEC…

(The Center Square) — New York State Attorney General Letitia James is leading a bipartisan coalition urging the U.S. Senate to reject a major cryptocurrency bill, warning it would limit states’ ability to oversee the securities and commodities market.

Add preferred source1 The U.S. Senate on the 15th (local time) rejected a procedural vote to advance the CLARITY Act, a digital asset market structure bill, by a margin of 49 to 50. Disagreements over President Donald Trump’s crypto business conflicts of interest and stablecoin yield restrictions ultimately derailed the legislation. Immediately following the vote,…

The SEC faces a significant challenge as the CLARITY Act did not advance in the Senate today, a setback highlighted by Coinbase CEO Brian Armstrong. He expressed disappointment but remains optimistic about the SEC and CFTC’s existing tools to establish clearer rules. This development emphasizes the urgency for comprehensive regulations in the crypto space, which…