Ripple CEO Sets May Timeline For CLARITY Act Approval Amid Stablecoin Yield Debate
[ad_1] Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Congress returned from the Easter recess on Monday, and Ripple CEO Brad Garlinghouse used the moment to sound notably more confident about the CLARITY Act—the anticipated crypto market structure bill that has been stuck for months. In recent remarks, Garlinghouse pointed […]
When Will The CLARITY Act Pass?
[ad_1] The crypto industry and investors are awaiting the completion of the US CLARITY Act, which has been delayed amid partisan politics and industry concerns. The bill would rewrite the rules of the road for the crypto industry, from which agency oversees it to regulations for decentralized finance (DeFi). Currently, lawmakers in the US Senate […]
Banks Should Embrace Stablecoin Yield in CLARITY Act: White House Adviser
[ad_1] Crypto companies and platforms that provide stablecoin rewards have become a major point of contention in the CLARITY crypto market structure bill. The banking industry should not be threatened by crypto companies offering stablecoin yield to customers, and both sides must compromise on the issue, according to White House crypto adviser Patrick Witt. Witt […]
NY Prosecutors Raise Alarm over GENIUS Act on Fraud: Report
[ad_1] Several New York district attorneys have reportedly warned about the US federal stablecoin law, the GENIUS Act, claiming it fails to adequately address fraud. According to a Monday CNN report, New York Attorney General Letitia James and four district attorneys signed onto a letter saying that the GENIUS Act will “provide legal cover” for […]
SEC, CFTC Strike Conciliatory Tone Ahead of CLARITY Act Talks
[ad_1] SEC Chair Paul Atkins and CFTC Chair Mike Selig spoke on CNBC on Thursday as debate continues over stablecoin yield in the CLARITY Act. US Securities and Exchange Commission Chair Paul Atkins and Commodity Futures Trading Commission Chair Mike Selig appeared on CNBC’s Squawk Box on Thursday to discuss the crypto market structure bill […]
EU considers delaying AI Act rollout amid US and Big Tech pressure
[ad_1] After adopting the AI Act final yr, the European Union is contemplating easing sure provisions amid mounting strain from the US and Huge Tech. [ad_2] Source link
Crypto’s New Order after the GENIUS Act
[ad_1] On Monday, the Senate voted 66-32 to invoke cloture on the GENIUS Act, a invoice that regulates the creation and offering of stablecoins in the US. Whereas the invoice nonetheless must clear the Home and be signed by President Trump, passing the Senate was the most important problem (provided that it required Democratic assist […]