American Bankers Association escalates lobbying against CLARITY Act stablecoin provisions

CLARITY Act Stablecoin Rules: 5 Things Investors Must Know The post CLARITY Act News: Long Awaited 309-Page Text Drops Tonight: What Next? appeared first on 99Bitcoins.

Shares of stablecoin issuer Circle (CRLC) climbed on Monday, rising by 15% to $130 for the first time in nearly a month. The move came after the company disclosed it had raised $222 million in the presale of Arc, the native token tied to Circle’s new blockchain. The funding values Arc at a fully diluted network valuation of $3 billion Circle CEO Maps The Road Ahead Speaking to CNBC in an exclusive interview, Circle CEO Jeremy Allaire framed Arc as more than another crypto launch. He compared blockchain infrastructure to major technology platforms such as mobile operating systems and cloud services, arguing that it is becoming a foundational layer for how businesses operate.  Related Reading: Dogecoin Price Set To Hit $5 Amid New Influx From Smart Money? “We want to build an operating system that has many, many stakeholders in it,” Allaire said, describing a model that includes major companies helping to run and ultimately govern the infrastructure.  He added that Circle is moving towar

Standard Chartered estimates that XRP ETFs could attract $4-$8 billion in inflows by year-end if the asset receives permanent commodity status.

The American Bankers Association (ABA) is pressing for big changes to the Clarity Act, claiming the crypto market structure bill could put bank deposits at risk of losing ground to stablecoins. Last week, the Senate Banking Committee announced it had scheduled a new markup session to consider the potential legislation. Over the weekend, ABA President […] The post Bank Lobbyists Strike Out Against Clarity Act, Say Bill Would Risk ‘Flight of Bank Deposits’ Into Payment Stablecoins appeared first on The Daily Hodl.

Global crypto funds have extended their positive streak into a sixth straight week amid growing rally conviction and a boost from improving sentiment around the CLARITY Act ahead of its long‑delayed Senate Banking markup. Related Reading: Bitcoin Price Gains Renewed Strength, Market Eyes Bullish Breakout Bitcoin Leads Crypto Funds $858M Inflows Global crypto investment products have extended their positive streak for the sixth consecutive week after posting $857.9 million in inflows over the past week. The funds saw a significant surge from the modest $117 million recorded on the week that ended on April 24. As Bitcoin surged to its highest levels in months, funds based on the flagship crypto led last week’s boom, drawing $706.1 million and bringing year-to-date (YTD) flows to $4.9 billion, according to CoinShares data. Conversely, short Bitcoin products saw $14.4 million in outflows, its largest withdrawals of the year, indicating traders are unwinding hedges amid growing rally convic

The clash highlights the tension between traditional banks and emerging crypto markets, potentially reshaping financial power dynamics. The post Bernie Moreno claims American Bankers Association is lobbying against crypto stablecoin bill appeared first on Crypto Briefing.

The Senate Banking Committee has unveiled a new draft of the Clarity Act days before a scheduled markup vote, reopening negotiations over stablecoin oversight, DeFi protections, and ethics rules tied to federal officials’ crypto activities. According to a statement released…

Augustus won conditional OCC approval for a US bank charter focused on AI payments, stablecoin settlement, and programmable clearing.