The potential leadership change at the Federal Reserve could significantly impact monetary policy direction and market stability.
The post Senate advances Kevin Warsh nomination for Fed Chair, Powell exit unlikely by May appeared first on Crypto Briefing.
The post Clarity Act Senate Vote Scheduled for Thursday as Stablecoin Yield Fight Reaches Boiling Point appeared on BitcoinEthereumNews.com.
Crypto News The Senate Banking Committee is scheduled to hold its long-awaited vote on the Clarity Act this Thursday, a market structure bill that would formally legalize the majority of crypto activity in the United States. After months of negotiation, industry leaders are voicing rare optimism, though unresolved disputes over stablecoin rewards, ethics provisions covering presidential business dealings, and protections for DeFi software developers continue to threaten the package. A compromise from Senators Thom Tillis and Angela Alsobrooks would restrict some stablecoin yield programs while permitting activity-based rewards, but banking groups argue the language still contains exploitable loopholes ahead of Thursday’s committee markup. Binance disclosed that its in-house security stack blocked roughly $10.5 billion in user losses between the st
Rising energy costs from geopolitical tensions may hinder economic stability, complicating monetary policy and prolonging inflation challenges.
The post US-Iran conflict drives energy prices, fuels inflation concerns appeared first on Crypto Briefing.
The post Scaramucci Warns of CLARITY Act Delay Amid Banking Pushback appeared on BitcoinEthereumNews.com.
Anthony Scaramucci, founder of SkyBridge Capital, warned at the Solana Policy Summit that the Digital Asset Market Clarity Act (CLARITY Act) may not pass the Senate for another two to three years due to banking lobby resistance and political gridlock. This highlights the significant institutional opposition to crypto legislation in the Senate, where banking interests are powerful. While the CLARITY Act seemed on track for enactment after passing the House in late 2025, Scaramucci’s assessment suggests a much more uncertain future. He may be making this prediction to adjust expectations within the institutional investor community, which has been anticipating regulatory clarity as a near-term catalyst, aligning with SkyBridge Capital’s interests as a long-term holder of digital assets. Scaramucci’s warning comes as the broader crypto market suffered a slight pullback overnight, with
Polymarket traders price a 75% chance for the CLARITY Act becoming law in 2026. The probability dropped to 40% in January, peaked at 82% in February, fell to 43% in late April, then rose to the mid-70s. A Senate stablecoin yield deal caused the recent jump, banning bank-like rewards but allowing platform incentives. Polymarket traders […]
The post CLARITY Act Gains Momentum as Polymarket Odds Hit 75% appeared first on Live Bitcoin News.
Bitcoin begins the week near $80,100, with crypto markets facing an unusually dense calendar of macro, policy and institutional-positioning catalysts. The immediate question is whether Washington and geopolitics add fresh support to risk assets or reinforce the dollar, oil and rates pressure that has kept broader crypto liquidity selective. #1 Fed Transition Risk Moves To The Senate The first event is the Senate’s May 11 vote tied to Kevin Warsh’s Federal Reserve nomination. Importantly, this is not simply a final vote to make Warsh Fed Chair. The Senate schedule shows a roll-call vote on cloture for Warsh’s nomination to become a Fed governor, while his separate nomination to become Chair is also on the executive calendar. Related Reading: Binance Founder CZ Sees Major Changes Ahead For Crypto The White House nominated Warsh in March both as Fed Chair for a four-year term and as a governor for a 14-year term. For Bitcoin, the relevance is straightforward: the Fed chair transition affe
The post Gold Price Forecast: XAU/USD hits lows near $4,650 as Fed easing hopes dim appeared on BitcoinEthereumNews.com.
Gold (XAU/USD) pulls back from last week’s high on Monday, reaching session lows a few dollars above the $4,650 level at the time of writing. Waning hopes of a swift end to the US-Iran war and strong US employment data, which eases pressures on the Federal Reserve to cut rates anytime soon, are hurting precious metals on Monday. US President Donald Trump dismissed Iran’s late proposal of a peace agreement, which, according to Iran’s state media, includes recognition of the sovereignty of the Strait of Hormuz. To make matters worse, Israeli Prime Minister Benjamin Netanyahu affirmed that the war will not be over until Iran’s enriched uranium is removed, an option Tehran considers utterly unacceptable. Furthermore, US data released on Friday revealed that jobs grew well beyond expectations in April, suggesting that the labour market is finally stabilising. These figure
The Fed's independence battle could reshape U.S. monetary policy, impacting inflation, market stability, and the legal limits of presidential power.
The post Federal Reserve’s Jerome Powell defends central bank independence amid Trump pressure appeared first on Crypto Briefing.
