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The post CLARITY Act clears Senate markup in 15–9 vote as ethics fights persist appeared on BitcoinEthereumNews.com. The Senate Banking Committee advanced the CLARITY Act in a 15–9 vote during a markup session on 14 May. This moves the cryptocurrency market structure bill to its next legislative stage after lawmakers spent hours debating amendments covering ethics rules, decentralized finance [DeFi], and anti-money laundering provisions. A markup session is the stage where lawmakers review legislation line by line, propose changes, and vote on amendments before deciding whether the bill should move forward. The committee ultimately approved an amended version of the legislation, preserving momentum behind one of the most closely watched crypto regulatory efforts in Washington. However, the vote does not represent final Senate approval, and the legislation still faces additional steps before it can become law. Warren amendments fail as ethics concerns remain During the session, lawmak
Read full articleBinance's leadership shift may signal a strategic pivot towards DeFi and self-custody, impacting its marketing and partnership strategies. The post Binance CMO Rachel Conlan to depart on June 15 after three years appeared first on Crypto Briefing.
The post Breaking Ground: New Legislation Poised to Reshape Crypto Landscape appeared on BitcoinEthereumNews.com. In a historic move, the US Senate Banking Committee has greenlit the Clarity Act, a pivotal bill aimed at setting comprehensive regulations for the digital asset industry. Passing with a 15 to 9 vote, the legislation drew support from two Democratic senators alongside Republican members, marking a crucial step in the ongoing legislative process. Continue Reading:Breaking Ground: New Legislation Poised to Reshape Crypto Landscape Source: https://en.bitcoinhaber.net/breaking-ground-new-legislation-poised-to-reshape-crypto-landscape
Morgan Stanley alone manages roughly $7 trillion in client assets. If its advisers shift even 3% of that into Bitcoin, the math gets staggering fast. That scenario sits at the heart of what financial adviser Ric Edelman calls a potential “flywheel effect” — a chain reaction of institutional money that could send Bitcoin soaring past $150,000 before 2026 ends. Related Reading: XRP Bulls Gain Momentum As ETF Inflows Reach Multi-Month High Wall Street Is Waiting For A Green Light Edelman laid out the argument during a recent appearance on the Milk Road podcast with host John Gillen. He said traditional financial firms have largely stayed on the sidelines not because of disinterest, but because of regulatory uncertainty. Once the Clarity Act passes, he said, that changes. Large brokerages, wealth managers, and fund companies would be free to move — and Edelman believes many are ready to do exactly that. Morgan Stanley has already told its advisers to begin adding small crypto positions to
The post Coinbase stock surges 8% as CLARITY Act advances appeared on BitcoinEthereumNews.com. Coinbase stock surged 8% after the Senate Banking Committee advanced the CLARITY Act in a 15 to 9 bipartisan vote. Summary Bitcoin hit $82,000 following the committee vote before retreating to $81,500, up 2.5% on the day. Strategy climbed 7% and Bitmine advanced 5.6%, with broader crypto equity gains extending to Nasdaq and S&P 500 record highs. The bill still requires a full Senate vote with a 60-vote threshold and reconciliation with a House-passed version before it can reach the White House. The Senate Banking Committee passed the Digital Asset Market Clarity Act on May 14 by 15 votes to 9, with support from two Democratic senators providing the bipartisan margin that moves the bill toward the full Senate. Coinbase CEO Brian Armstrong had backed the current version of the bill ahead of the vote, calling it “closer than ever” to becoming law and describing the stablecoin yield compromise as
The post Kraken migrates to Chainlink CCIP for kBTC appeared on BitcoinEthereumNews.com. Kraken is deprecating its cross-chain provider and migrating to Chainlink CCIP as the exclusive infrastructure for its wrapped assets. Summary Kraken chose Chainlink CCIP for its ISO 27001 and SOC 2 compliance, 16 independent nodes, native rate limits, and enterprise-grade security standards. The migration covers Kraken Wrapped Bitcoin (kBTC) and all future Kraken wrapped assets deployed across DeFi protocols. The move follows similar migrations by Kelp, Solv, and Re after the $292 million KelpDAO exploit in April that hit a LayerZero-powered bridge. Kraken posted the announcement on X on May 14, confirming that Chainlink’s Cross-Chain Interoperability Protocol will become its exclusive bridge infrastructure going forward. The exchange did not specify a migration timeline but said the switch covers kBTC, its 1:1 Bitcoin-backed wrapped token, and all future Kraken wrapped assets that it plans to bri
Osero's funding and innovative approach could reshape DeFi by enhancing stablecoin yield options, potentially attracting more mainstream adoption. The post Osero raises $13.5M led by Sky Ecosystem to build stablecoin savings on Plasma appeared first on Crypto Briefing.
The Clarity Act cleared the Senate Banking Committee 15 to 9 on Thursday, sending Bitcoin above $82,000 for the first time in weeks. The Clarity Act advanced out of the Senate Banking Committee on Thursday in a 15 to 9…
Coinbase stock surged 8% after the Senate Banking Committee advanced the CLARITY Act in a 15 to 9 bipartisan vote. The Senate Banking Committee passed the Digital Asset Market Clarity Act on May 14 by 15 votes to 9, with…
