The US Senate voted largely along partisan lines to confirm Kevin Warsh as a member of the Fed's Board of Governors, despite many Democrats’ concerns about the central bank’s independence.
A major piece of US crypto legislation is now in the spotlight with XRP at the center: the CLARITY Act draft text was released Monday night, totaling 309 pages and arriving ahead of a key Senate markup scheduled for Thursday. The bill has been delayed since January, but the appearance of the full draft has already triggered intense attention from XRP analysts who believe important parts of the document could meaningfully improve the altcoin’s regulatory outlook. ‘Legally Favorable’ For XRP According to market expert Bull Winkle, several provisions in the draft point to “significant bullish categories” for XRP. In a post shared after the release, Winkle said his reaction was not only excitement, but a sense that the framework is unusually favorable in legal and structural terms. He began by focusing on the early pages of the draft which creates a new regulatory category for a “network token.” In his reading, the bill defines a network token as a digital asset intrinsically tied to a d
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Rising CPI at 3.8% limits Fed easing options as inflation expectations rise. Kevin Warsh faces pressure between Trump’s rate-cut push and markets demanding tight policy. Bitcoin gains traction as Fed uncertainty boosts demand for decentralized assets. Kevin Warsh appears set to become the next leader of the U.S. Federal Reserve during one of the most difficult inflation periods in years. Fresh consumer inflation data now threatens to trap the incoming chair between political pressure from President Donald Trump and financial markets demanding tighter policy. The latest Consumer Price Index report showed inflation accelerating sharply. Headline CPI climbed to 3.8%, marking its highest reading in three years. Meanwhile, Core CPI rose to 2.8%, its highest level in eight months. Consequently, investors immediately reduced expectations for interest rate cuts during 2026. Markets no
Powell's exit and Warsh's expected succession may signal shifts in U.S. monetary policy, impacting economic strategies and market stability.
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The outcome of Armstrong's advocacy could shape the US as a leader in crypto innovation or push the industry to more favorable global markets.
The post Coinbase CEO Brian Armstrong heads to Senate to advocate for crypto market structure bill appeared first on Crypto Briefing.
The banking sector's resistance to stablecoin yield provisions highlights the tension between traditional finance and emerging digital asset innovations.
The post American Bankers Association urges banks to oppose stablecoin yield loophole in Digital Asset Market Clarity Act ahead of Senate markup appeared first on Crypto Briefing.
Coinbase CEO Brian Armstrong said the CLARITY Act gave banks their must-haves as the Senate released its 309-page bill text. The Senate Banking Committee released the 309-page substitute text of the CLARITY Act on May 12, setting a committee markup…
Senate Banking Committee Republicans mounted a defense of the CLARITY Act ahead of a scheduled May 14 markup, rejecting claims that the bill would weaken securities law, create loopholes, or ignore illicit finance risks. They argued the legislation would instead assign regulator authority, require disclosures, and add anti-fraud protections across digital asset markets. Republicans Answer […]
Kevin Warsh won Senate confirmation to the Fed board, clearing a key step toward replacing Jerome Powell as Fed chair.
The post Kevin Warsh wins Senate approval, moves closer to Fed chair role as Powell prepares Friday exit appeared first on Crypto Briefing.
