The post CLARITY Act Stalls in Senate With 50/50 Odds Before August Recess appeared on BitcoinEthereumNews.com.
CLARITY-ACT News The U.S. Congress has failed to meet its deadline for passing the CLARITY Act, the market-structure bill that would define how digital assets are regulated across the country. Nearly a full year after the House of Representatives cleared its version, the Senate remains locked in intensive negotiations, with analysts placing only 50/50 odds that the legislation advances before the August recess. The delay leaves investors and developers without the legal certainty many have waited on, prolonging conditions that can amplify volatility across the broader altcoin market. For now, the American framework hangs on a set of unresolved banking and political disputes that lawmakers have been unable to close. Senator Cynthia Lummis, who chairs the Senate subcommittee steering the effort, described the talks as relentless, saying negotiators have been in intensive sessio
The post White House Defends Trump as CFTC Vacancies Stall Crypto Bill appeared on BitcoinEthereumNews.com.
The White House defended President Donald Trump’s regulatory appointments as Senate disputes over agency vacancies threaten progress. Lawmakers continue debating the stalled crypto market structure bill and the role of federal regulators. Officials sent a letter to congressional leaders to challenge claims about Trump’s nomination strategy. They argued that Democrats blocked several civilian nominees while Trump still selected some bipartisan candidates. Additionally, the administration said it sought Democratic recommendations for Securities and Exchange Commission and Commodity Futures Trading Commission roles. However, officials said they received no responses from Democratic leaders. Consequently, the White House blamed the ongoing vacancies on political disagreements rather than executive delays. 🚨NEW: The White House is pushing back on Senate Democrats’ claims that the Tr
U.S. Senator Ron Wyden urged Senate leaders to preserve legal protections for non-custodial blockchain developers in the Digital Asset Market Clarity Act, drawing crypto policy support while leaving his final vote on the bill uncertain. Why Is Wyden Pushing to Preserve Developer Protections? U.S. Senator Ron Wyden (D-OR) sent a letter on July 8 to […]
The post US Lawmaker Pushes Crypto Developer Protections as Senate Weighs CLARITY Act appeared on BitcoinEthereumNews.com.
Key Takeaways U.S. Senator Ron Wyden urged Senate leaders to preserve protections for non-custodial blockchain developers in the CLARITY Act. Crypto policy advocates praised Wyden’s stance as a defense of software publication and open internet principles. Alex Thorn said backing developer protections does not necessarily indicate Wyden will support the broader CLARITY Act. Why Is Wyden Pushing to Preserve Developer Protections? U.S. Senator Ron Wyden (D-OR) sent a letter on July 8 to Senate Majority Leader John Thune (R-SD) and Senate Minority Leader Chuck Schumer (D-NY) urging them to retain Section 604 of the Digital Asset Market Clarity Act, in any version of the legislation brought to the Senate floor. The provision was approved by the Senate Banking, Housing, and Urban Affairs Committee. Wyden wrote: “I write to urge you to ensure that any version of the Digit
Mbapp's milestone highlights the volatile intersection of sports and crypto, underscoring risks in unregulated digital assets versus legitimate platforms.
The post Kylian Mbappé’s 100 goal involvements milestone sparks renewed frenzy around unauthorized crypto tokens appeared first on Crypto Briefing.
The post Paul Grewal exits Coinbase legal helm before crucial CLARITY vote appeared on BitcoinEthereumNews.com.
Paul Grewal has announced that he will step down as Coinbase’s chief legal officer on July 31, handing over leadership of the exchange’s legal team just days before the US Senate is expected to resume work on the CLARITY Act. Summary Paul Grewal will leave his role as Coinbase chief legal officer on July 31 and become an adviser. Molly Abraham will become general counsel as Congress prepares to revisit the CLARITY Act. Coinbase continues pushing for crypto market structure legislation after its SEC lawsuit was dismissed. According to posts Grewal published on X and LinkedIn, he will move into an advisory role at Coinbase after serving as the company’s chief legal officer since 2020. The announcement also confirmed that legal vice presidents Molly Abraham and Ryan VanGrack will take on expanded responsibilities, with Abraham becoming general counsel and VanGrack serving as vic
Paul Grewal has announced that he will step down as Coinbase’s chief legal officer on July 31, handing over leadership of the exchange’s legal team just days before the US Senate is expected to resume work on the CLARITY Act.…
Mbapp's World Cup success fuels speculative crypto trading, highlighting risks in unregulated digital assets and potential investor pitfalls.
The post Kylian Mbappé hits 20 World Cup goals in 20 games, and unauthorized crypto tokens are riding the hype appeared first on Crypto Briefing.
The post SEC and CFTC Vacancies Fuel Clarity Act Debate appeared on BitcoinEthereumNews.com.
White House says it requested SEC and CFTC nominee names as Clarity Act talks raise pressure over vacant seats. The White House has rejected Senate Democrats’ claims over vacant minority seats at the SEC and CFTC. In a letter to Senate leaders, it said Democratic recommendations were requested but not received. The dispute comes as Congress prepares for expected action on the Clarity Act. The bill could shape how U.S. agencies oversee digital asset markets. Senate Democrats accused the Trump administration of delaying Democratic nominees for major financial regulators. The White House response shifted blame back toward Senate Democrats. The open seats have drawn attention from lawmakers on both sides of the aisle. Meanwhile, crypto firms are watching the process because agency leadership may shape future rules. White House Pushes Back on Nomination Claims The White House said it did not refus
