BitcoinEthereumNews·
The post Democrat Wyden sides with crypto industry over BRCA as it becomes Clarity Act’s make-or-break fight appeared on BitcoinEthereumNews.com. Sen. Ron Wyden, the Oregon Democrat sent a letter this week to Senate Majority Leader John Thune and Senate Democratic Leader Charles Schumer. His ask: keep Section 604 in future drafts of the Clarity Act. The disputed section is the Blockchain Regulatory Certainty Act, known as BRCA. BRCA began as its own bill. It later got folded into the bigger Clarity Act, and it has since become one of the hardest sticking points as lawmakers try to move crypto legislation forward. The measure creates a safe harbor for developers who don’t hold or control customer funds. It says plainly that these developers should not count as money transmitters. Sen. Cynthia Lummis, R-Wyo., introduced the original bill earlier this year. Wyden is its only cosponsor. “Smart policy will empower law enforcement to do its job and facilitate innovation at the same time,” Wy
Read full articleWarren's opposition to the Clarity Act highlights the ongoing tension between regulatory clarity and potential loopholes in crypto oversight. The post Senator Elizabeth Warren calls Clarity Act ‘ticket to sanctions evasion’ appeared first on Crypto Briefing.
The post Controversial Crypto Provision Sparks Debate in Legislature appeared on BitcoinEthereumNews.com. Senator Ron Wyden from Oregon is urging Senate leaders to maintain Section 604 of the Clarity Act, aiming to alleviate legal ambiguities for cryptocurrency software developers. The Democratic senator’s appeal highlights the importance of this provision as lawmakers navigate the complex landscape of digital asset regulation. Continue Reading:Controversial Crypto Provision Sparks Debate in Legislature Source: https://en.bitcoinhaber.net/controversial-crypto-provision-sparks-debate-in-legislature
The post Cuomo Urges Congress to Pass CLARITY Act: ‘Just Tell Me the Rules’ appeared on BitcoinEthereumNews.com. The post Cuomo Urges Congress to Pass CLARITY Act: ‘Just Tell Me the Rules’ appeared first on Coinpedia Fintech News Former New York governor and ICE-OKX joint venture co-chair, Andrew Cuomo is calling on U.S. lawmakers to move quickly on the CLARITY Act. He says the crypto industry is not looking for special treatment, it simply wants clear regulations. Speaking on Bloomberg Crypto, Cuomo urged Congress to pass the bill before lawmakers leave for the … Source: https://coinpedia.org/news/cuomo-urges-congress-to-pass-clarity-act-just-tell-me-the-rules/
The post UN Forum: Blockchain For Good Alliance Pushes Verifiable Infrastructure As Trust Foundation appeared on BitcoinEthereumNews.com. The crypto industry’s bid for policy relevance took an unusual diplomatic detour when the Blockchain for Good Alliance (BGA) brought its message of verifiable trust infrastructure directly to a United Nations cultural forum. The original report details how the non-profit, founded by crypto exchange Bybit, urged policymakers to treat blockchain and AI not as isolated risks but as joint building blocks for institutional trust. The intervention comes at a precarious moment for crypto regulation in Washington, where banks are trying to kill sweeping Senate legislation just days before a decisive vote. While national lawmakers debate the future of digital asset oversight, BGA’s audience on the international stage highlighted a parallel track: the attempt to define crypto’s value not by market swings but by its capacity to anchor truth in an information en
The post Kraken Auditor Win Reopens Crypto Debanking Fight appeared on BitcoinEthereumNews.com. Key Insights Kraken parent Payward won $22 million against Mazars USA. Mazars quit the near-complete audit despite finding no fraud. The dispute strengthened calls for CLARITY Act passage. Kraken parent Payward asked the Delaware Court of Chancery to enforce an arbitration award against Mazars USA. The crypto exchange said the auditor left its near-complete audit without fraud findings, raising fresh questions about debanking pressure. The case placed Kraken back inside a broader U.S. policy fight. Payward co-CEO Arjun Sethi tied the dispute to Operation Chokepoint 2.0 and pushed Congress to pass the CLARITY Act. Kraken Says Auditor Exit Created Business Harm Payward said Mazars withdrew from its 2022 audit days before completion. Sethi said the firm found no fraud, raised no management integrity concerns, and reported no accounting disputes. That withdrawal mattered because audits shape acc
The post CFTC Chair Urges Senate to Pass CLARITY Act Before August 7 Recess appeared on BitcoinEthereumNews.com. CLARITY-ACT News The CLARITY Act, the U.S. crypto market-structure bill, is back in focus after Commodity Futures Trading Commission Chairman Michael Selig said passage remains within reach despite Congress missing its July 4 target. In televised remarks, Selig said the legislation is “so close” and pressed lawmakers to finish the job before the August 7 recess, warning that the window for action is narrowing. A Trump appointee confirmed in December, Selig framed the bill as a matter of national competitiveness, arguing that a federal standard would replace a fragmented patchwork of state rules that he says has weighed on U.S. business and left the digital-asset industry without clear guardrails. At its core, the bill would split federal oversight of digital assets between the CFTC and the Securities and Exchange Commission, a division the industry has lobbied for over sever
The Clarity Act's potential approval could harmonize U.S. crypto regulation, influencing global market dynamics amid EU shifts. The post CFTC chair sees Clarity Act nearing approval amid EU crypto regulation shifts appeared first on Crypto Briefing.
Senator Wyden's advocacy could shape legislative clarity, impacting regulatory frameworks and innovation in the digital asset sector. The post Senator Wyden urges Senate to preserve key section of Clarity Act appeared first on Crypto Briefing.
