Coinbase stock climbs as CLARITY Act advances

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 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…

Crypto exchange Coinbase (COIN) made a major move for the Hyperliquid (HYPE) ecosystem on Thursday, outlining how it plans to deepen support for Circle’s USDC stablecoin on the platform.  In a blog post, Coinbase said it is expanding its role by becoming the official treasury deployer of USDC on Hyperliquid, treating USDC as an Aligned […]

The post 3 Altcoins That Benefit Most From the CLARITY Act and Why appeared on BitcoinEthereumNews.com. The Crypto Market Structure Bill, CLARITY Act, passed the Senate Banking Committee on Thursday. The vote sends the crypto market structure bill toward a full Senate floor test and resets risk profiles for altcoin holders. Three tokens stand out as direct beneficiaries with profiles that fit the bill’s grandfather clauses, decentralization tests, and DeFi protections. Meanwhile, XRP, Solana, and Hyperliquid each align with the mechanics that the legislation favors. XRP Lands a Path Out of SEC Limbo XRP, the native asset of the Ripple network, sits closest to the bill’s grandfather clause. That language fast-tracks commodity status for tokens with approved or pending ETF products, sidestepping the full mature-blockchain test. Historically, secondary-market XRP sales have drawn SEC scrutiny. The bill ends that exposure for tokens meeting the new commodity definition. XRP Price Performan

The post Coinbase Takes Over USDC Treasury Deployer Role on Hyperliquid, Phases Out Native USDH Stablecoin appeared on BitcoinEthereumNews.com. Hyperliquid’s native stablecoin is on its way out. The decentralized perpetuals exchange has chosen Coinbase as the official treasury deployer for USDC, a move that sidelines the platform’s own USDH token and hands a major plumbing role to a centralized entity. For a venue that built its reputation on permissionless leverage trading, the decision creates a clear trade-off: deeper liquidity and institutional alignment for a piece of on-chain governance. According to the original report, Native Markets has already agreed to terms allowing Coinbase to purchase the USDH brand assets. The USDH market will be phased out over an unspecified timeline, effectively making USDC the primary stablecoin for collateral and settlement on Hyperliquid. The shift gives Coinbase direct exposure to treasury management inside one of the most actively used derivative

The post Coinbase Named Official USDC Treasury Operator For Hyperliquid, Increases Staked HYPE Position appeared on BitcoinEthereumNews.com. Coinbase Named Official USDC Treasury Operator For Hyperliquid, Increases Staked HYPE Position Skip to content Home Crypto News Coinbase Named Official USDC Treasury Operator for Hyperliquid, Increases Staked HYPE Position Source: https://bitcoinworld.co.in/coinbase-hyperliquid-usdc-treasury-operator/