Browsing: Crypto

Trade groups and executives responded to the Senate blocking the CLARITY Act by pointing at agency rulemaking, saying the SEC and the CFTC can keep writing crypto rules without the bill. Several framed the loss as one of permanence, since a future agency chair can rewrite a rule and repealing a statute takes another act…

The U.S. Senate’s failure to advance the Digital Asset Market Clarity (CLARITY) Act has prompted expectations of faster, more direct rulemaking from the SEC and CFTC, according to analysts at Bernstein. With the bill not moving forward after a cloture vote on Tuesday, Bernstein said regulators are likely to “make up for the time lost”…

Odaily Planet Daily reports: U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated that he has requested staff to develop a proposal allowing investment advisers to directly custody cryptocurrency assets of clients and regulated funds under specific conditions, and to consider permitting state trust companies to serve as custodians.

Cryptocurrency prices and crypto-related stocks fell on Sept. 15 after the US Senate voted 49-50 against advancing the CLARITY Act on a procedural cloture motion. Equities tied to the crypto sector recorded steeper percentage losses than digital assets themselves, with several closing down more than 10%.

XRPL Korea, an $XRP Ledger Korean Developer Community on X, shared an important security notice from DCENT Wallet, in which the wallet provider said it detected abnormal asset transfers involving its App Wallet and is currently conducting an urgent investigation.