CFTC Chair: Clarity Act nearing passage, crucial for crypto regulation

The post Law Enforcement Warns of Crypto Fraud Loopholes in CLARITY Act appeared on BitcoinEthereumNews.com. Expert groups have called out critical gaps in the CLARITY Act ahead of the Senate decision.  John Breyault warned the CLARITY Act could enable more crypto fraud and money laundering.  Industry supporters say the CLARITY Act provides clearer rules for crypto firms and law enforcement. Law enforcement and financial experts have warned of potential gaps in safeguards identified in the CLARITY Act, which is potentially scheduled for a vote in the US Senate this July. They believe such gaps could create loopholes that criminals could capitalize upon to proliferate financial crimes. The CLARITY Act seeks to bring cryptocurrency under a single legal framework in the US. The bill’s sponsors believe it will end years of the industry operating in gray areas, filling a regulatory vacuum, and providing law enforcement with new tools to address crime. While CLARITY Act defenders consider it

The post Clarity Act Crypto Regulation Nears Senate Vote Deadline appeared on BitcoinEthereumNews.com. The Clarity Act crypto regulation push is entering a now-or-never moment. Congress blew past its July 4 target, and with the August 7 recess fast approaching, the window for passing the most significant piece of US digital asset legislation in years is narrowing fast. CFTC Chairman Michael Selig isn’t backing down, though. “We’re so close. We have to get this done,” he told Fox Business host Maria Bartiromo, days after the self-imposed holiday deadline came and went without a Senate floor vote. Key takeaways CFTC Chair Michael Selig says the Clarity Act is “so close” despite Congress missing its July 4 target deadline. The Clarity Act would split digital asset oversight between the CFTC and the SEC — a structural change the industry has sought for years. The Senate Banking Committee advanced the bill 15-9, with two Democrats crossing the aisle, but no full Senate floor vote has been s

The Clarity Act's progress could streamline crypto regulation, reducing uncertainty and potentially boosting market confidence and innovation. The post CFTC Chair: Clarity Act nearing finalization, Senate consideration next appeared first on Crypto Briefing.

The impending crypto legislation could redefine U.S. regulatory dynamics, potentially boosting market confidence and Bitcoin's valuation. The post CFTC Chair Selig: Congress close to passing crypto legislation appeared first on Crypto Briefing.

The post CFTC Chair Says Clarity Act Is ‘So Close’ As Deadline Nears appeared on BitcoinEthereumNews.com. Commodity Futures Trading Commission Chairman Michael Selig said the Clarity Act remains within reach, days after Congress missed its July 4 target to pass the crypto market-structure bill. “We’re so close. We have to get this done,” Selig told Fox Business host Maria Bartiromo.  Some analysts give the measure even odds of passage before the August 7 recess. The bill would divide oversight of digital assets between the CFTC and the Securities and Exchange Commission, a split the industry has sought for years. The House passed the legislation last summer. The Senate has yet to hold a floor vote. Selig, a Trump appointee confirmed in December, backed the Clarity Act effort as a matter of national competitiveness. He backed the effort as a matter of national competitiveness.  “It’s critical that we have a federal standard for crypto assets,” he said, pointing to a patchwork of state l

The post Dimon: JPMorgan Chase to Fight Stablecoin Yield Rules appeared on BitcoinEthereumNews.com. Jamie Dimon says banks will fight the CLARITY Act language allowing crypto rewards. Section 404 bans passive stablecoin yield but permits activity-based rewards. Lawmakers must decide whether to keep or tighten the CLARITY Act’s stablecoin reward rules.  JPMorgan Chase CEO Jamie Dimon has moved Wall Street’s stablecoin fight into a tighter congressional timetable. He warned that banks will oppose Senate language that still leaves room for crypto reward programs. Speaking on Fox Business, Dimon said JPMorgan and other banks would fight the bill’s provisions, even if the industry ultimately loses. The dispute now sits at the center of the CLARITY Act debate before the Senate’s August break. The 2026 Senate calendar lists August 7 as the final in-session day before recess. That leaves lawmakers limited time to settle Stablecoin Yield disagreements and move the bill toward a floor vote. Bank

The post Bitcoin’s rally has 4 weeks to get its Washington CLARITY catalyst before the clock runs out appeared on BitcoinEthereumNews.com. The US Senate returns to Washington next week with 20 working days to decide whether the CLARITY Act, which is the most advanced crypto market-structure bill in Congress, becomes law this summer or slips into another round of delay. Data from CryptoSlate shows that Bitcoin has climbed about 10% this month after a bruising June, rising from late-month lows to briefly trade above $64,000 before pulling back near $61,881 late Wednesday morning. The recovery has steadied market sentiment, but traders are still looking for confirmation that the bounce has more behind it than short covering and relief after weeks of selling pressure. The Digital Asset Market Clarity Act has become one of the clearest candidates for that next catalyst. The legislation is designed to establish a federal framework for digital asset markets and clarify how oversight is split

The US's decision against a CBDC under Trump strengthens private stablecoins, impacting global digital currency dynamics and regulatory approaches. The post CFTC chairman confirms the US will not pursue a CBDC under Trump appeared first on Crypto Briefing.