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 […]
Brutal Regulatory Crackdown Will Hit Crypto Without CLARITY, Warns Coin Center
[ad_1] A top crypto think tank says the industry must secure congressional protections now or face aggressive enforcement in the future. Coin Center Executive Director Peter Van Valkenburgh warns it’s now been seven weeks since testimony from Treasury Secretary Scott Bessent, and Congress has yet to vote a market-structure bill out of the Senate Banking […]
Fidelity Requests More Clarity From SEC on Tokenized Assets and DeFi
[ad_1] Fidelity Investments told the US Securities and Exchange Commission (SEC) on Friday that it should continue to develop the regulatory framework for broker-dealers to offer, custody and trade crypto assets on alternative trading systems (ATS). The letter from the US’ third-largest asset manager was in reply to a call for comments earlier this month […]
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 […]
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 […]