The post Senator Elizabeth Warren Fires Major Criticism at Clarity Act, Dubs It “Sanction Evasion Tool” appeared on BitcoinEthereumNews.com.
Key highlights: Elizabeth Warren says the CLARITY Act will equip bad actors with tools to evade sanctions Criticism for the bill has peaked, triggering falling odds for passage into law in 2026 Senator Ron Wyden pens a letter to Senator leadership advocating for BRCA in the CLARITY Act US Senator Elizabeth Warren has taken swipes at the CLARITY Act, describing it as a tool with potential for evading economic sanctions. Criticism of the market structure bill has reached an all-time high amid falling odds of it becoming law before the end of the year. Elizabeth Warren slams CLARITY Act over lax AML rules In an X post, Warren disclosed that the wording of the CLARITY Act creates a loophole for malicious entities to evade US sanctions. The US senator hinged her position on arguments put forward by Richard Nephew, former Iran director at the White Hous
The post CLARITY Act misses July target making August 7 a critical date for the bill appeared on BitcoinEthereumNews.com.
The CLARITY Act missed its July 4 target, so the focus has now shifted to whether Senate leaders can find time to bring it to the floor before the August work period begins. Stand With Crypto urged supporters to press senators for a vote before August 7, calling that date a hard deadline for passage before the next recess. The Senate returns from its July break on July 13. The official Senate schedule lists June 29 through July 10 as a state work period and August 10 through September 11 as another, making Friday, August 7 the final scheduled weekday before the August work period. August 7 works as a practical floor-time deadline. For CLARITY supporters, the missed July 4 marker now becomes a question of whether Senate leaders can reserve floor time, whether bill managers can keep a workable package together, and whether the bill can clear the chamber before the fal
The post Senator Wyden Pushes to Preserve BRCA in CLARITY Act appeared on BitcoinEthereumNews.com.
Key highlights: Senator Ron Wyden is pushing to retain the BRCA in the CLARITY Act Wyden argues that crypto developers should not be considered financial transmitters CFTC Chair Michael Selig is also urging the Senate to pass the bill immediately As the passage of the US CLARITY Act in 2026 is still facing uncertainty, major figures are urging the Senate to move the bill forward. As lawmakers continue to debate the crypto bill, Senator Ron Wyden is pushing to retain key provisions that protect crypto developers. On Wednesday, Wyden wrote a letter to Senate leaders, highlighting the importance of preserving the Blockchain Regulatory Certainty Act (BRCA). He argued that developers of non-custodial software should not be treated as money transmitters. Senator Wyden pushes to keep the CLARITY Act’s BRCA intact Senator Ron Wyden has expressed his strong support for the CLARITY Act, asking lawm
The post CLARITY Act Timeline: Can the U.S. Crypto Bill Finally Pass in July? appeared on BitcoinEthereumNews.com.
The post CLARITY Act Timeline: Can the U.S. Crypto Bill Finally Pass in July? appeared first on Coinpedia Fintech News The U.S. CLARITY Act has entered into one of its most important months. After missing its earlier July 4 target, lawmakers are preparing for another push as the Senate returns on July 13. However, political disagreements, ethics rules, and key crypto provisions still stand in the way.Here’s the key timeline for the Clarity Act. CLARITY … Source: https://coinpedia.org/news/clarity-act-timeline-can-the-u-s-crypto-bill-finally-pass-in-july/
The post Why Section 604 Is the Clarity Act Fight Crypto Developers Are Watching appeared on BitcoinEthereumNews.com.
Senator Ron Wyden has urged Senate leaders John Thune and Chuck Schumer to preserve the Blockchain Regulatory Certainty Act (BRCA) in any version of the Digital Asset Market Clarity Act (Clarity Act) that reaches the floor. The Oregon Democrat made the request in a recent letter. He was the co-sponsor of the standalone BRCA, alongside Republican Senator Cynthia Lummis. Why Clarity Act’s Section 604 Matters The BRCA sits inside the Clarity Act as Section 604, as passed by the Senate Banking Committee. The provision clarifies that non-custodial software developers are not money transmitters solely because they create or publish code. Wyden argues the BRCA provides a “commonsense clarification” that the Bank Secrecy Act and the criminal code should be viewed together. He added that the provision will allow Congress to codify existing federal policy. In addition, Wyden no
The post Senator Ron Wyden urges Congress to keep developer protections in CLARITY Act appeared on BitcoinEthereumNews.com.
Sen. Ron Wyden has urged Senate leaders to keep legal protections for non-custodial blockchain developers in the CLARITY Act as negotiations over the crypto market structure bill continue. Summary Senator Ron Wyden has urged Senate leaders to keep protections for non custodial blockchain developers in the CLARITY Act. The proposed provision would clarify that software developers who do not control user funds are not treated as money transmitters. The Senate is still negotiating developer protections, ethics rules and other unresolved issues before the crypto market structure bill can move forward. In a letter sent to Senate Majority Leader John Thune and Senate Democratic Leader Charles Schumer, Democratic Senator Ron Wyden urged congressional leaders to retain Section 604, known as the Blockchain Regulatory Certainty Act (BRCA), in any future version of the CLARI
Sen. Ron Wyden has urged Senate leaders to keep legal protections for non-custodial blockchain developers in the CLARITY Act as negotiations over the crypto market structure bill continue. In a letter sent to Senate Majority Leader John Thune and Senate…
The post Senate Leaders Urged to Keep Dev Protections in CLARITY Act appeared on BitcoinEthereumNews.com.
US Democratic Senator Ron Wyden has urged Senate leaders to ensure that crypto developer protections stay in the crypto market structure legislation that lawmakers are looking to pass ahead of the midterms. Wyden told Senate Minority Leader John Thune and Senate Majority Leader Charles Schumer to preserve a section of the CLARITY Act known as the Blockchain Regulatory Certainty Act (BRCA), according to a letter shared by Crypto in America podcast co-founder Eleanor Terrett on Wednesday. “Developers who make and release software that allows people to manage their own digital assets — and, critically, where the developer does not control user assets — should not be treated as money transmitters solely because they create or publish software,” Wyden wrote. The letter comes after certain groups and lawmakers opposed the BRCA. A group of law enforcement organizations and a coalition of
Wyden's advocacy highlights the critical need for clear regulatory frameworks to foster innovation and protect blockchain developers.
The post Wyden urges Senate leaders to keep developer protections in the CLARITY Act appeared first on Crypto Briefing.
