Browsing: structure

Legislation that would bring cryptocurrency into the regulated financial system has stalled in the U.S. Senate. President Donald Trump had thrown his weight behind the bill as a way to energize the crypto market, but questions over financial gains by him and his family derailed it

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,…