Clarity Act Faces Critical Senate Deadline as Crypto Advocates Ramp up Pressure

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 Clarity Act's potential passage could redefine crypto regulation, shifting oversight dynamics and boosting market confidence in regulatory stability. The post CFTC Chair: Clarity Act nearing passage, crucial for crypto regulation appeared first on Crypto Briefing.

McConnell's health transparency could impact political stability and market predictions, with potential resignation affecting Senate dynamics. The post Kentucky governor urges McConnell to disclose health details amid absence appeared first on Crypto Briefing.

The post Beshear Urges Mitch McConnell: Update Kentuckians On Your Health appeared on BitcoinEthereumNews.com. Topline Kentucky Gov. Andy Beshear formally requested Sen. Mitch McConnell, R-Ky., update constituents on the state of his health on Wednesday as McConnell has been hospitalized since June 14 without disclosing why. Sen. Mitch McConnell (R-KY) as the Senate votes on amendments to a reconciliation package, at the U.S. Capitol in Washington, DC, on June 4, 2026. (Photo by Nathan Posner/Anadolu via Getty Images) Anadolu via Getty Images Key Facts Beshear, a Democrat, wrote in a letter to McConnell, “over the last several weeks, Kentuckians have grown increasingly concerned about the current state of your health and wellbeing, and ability to hold office in the United States Senate,” adding, “as governor, I request that you fully updated Kentuckians regarding the current status of your health.” He said he believes the situation “requires clear communication about one’s ability to s

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

McConnell's health issues could destabilize Senate control, affecting legislative outcomes and prompting shifts in political strategies. The post McConnell health speculation raises questions on Senate control appeared first on Crypto Briefing.

The post Nexo Card Goes Live In Argentina Under Andres Ondarra’s Leadership appeared on BitcoinEthereumNews.com. Nexo, a popular digital asset wealth entity, is launching Nexo Card in Argentina. The development signifies a key moment for Nexo’s strategy for expansion in Latin America. As Nexo mentioned in its official announcement, the launch parallels Andres Ondarra’s appointment as Nexo Argentina’s General Manager, who previously served as an executive at Binance. Hence, this move signals a clear commitment to regional growth. Nexo Card Launches in Argentina to Boost Adoption of Digital Wealth With Nexo Card’s rollout in Argentina, Nexo endeavors to advance its Latin American strategy. This, at a time when Andres Ondarra has become Nexo Argentina’s General Manager, highlights the endeavors to turn Buenos Aires into its primary operational hub within Latin America. Together, the respective developments signify Nexo’s attempts to incorporate digital wealth instruments into daily financ