Senator Lummis urges CLARITY Act passage before August 7 Senate recess

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The post Clarity Act Faces Critical Senate Deadline as Crypto Advocates Ramp up Pressure appeared on BitcoinEthereumNews.com. Key Takeaways Crypto advocates say the Senate’s July 13 return leaves little room before the Aug. 7 deadline. The House passed the bill, but Senate committee divisions and policy disputes have stalled a vote. Missing the deadline could delay the legislation for months and prolong uncertainty across crypto markets. Why Is the CLARITY Act Suddenly Facing a Critical Deadline? Stand With Crypto, a crypto advocacy organization that mobilizes digital asset supporters to influence U.S. policy, framed its warning around the Senate’s shrinking calendar. The timing gives the CLARITY Act a narrow legislative window as the Senate is scheduled to return July 13 and leave again Aug. 8, making Aug. 7 the final working day before summer recess. After that, lawmakers are expected to shift toward appropriations, the National Defense Authorization Act and midterm campaigning, whil

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The post Bitcoin Becomes Ballweg’s Lifeline After Banks Cut Off His Access appeared on BitcoinEthereumNews.com. Ballweg said Bitcoin became his lifeline after banks cut him off for nearly four years. He said banking restrictions spread beyond Germany and reached U.S. corporate accounts. El Salvador’s Bitcoin rules gave Ballweg a route beyond traditional banking channels. German computer scientist and entrepreneur Michael Ballweg said Bitcoin became his financial lifeline after banks cut off his access. He said the restrictions lasted nearly four years. Ballweg described the experience on the Live from Bitcoin Beach – El Salvador podcast. Ballweg told host Mike Peterson that he now depends on cash and Bitcoin. He said normal banking access became impossible after compliance systems treated him as a financial risk. Bitcoin Becomes Ballweg’s Financial Lifeline According to Ballweg, he has been completely excluded from the banking system. He said he has lived only on cash and Bitcoin for a

The post CLARITY Act Misses July 4 Deadline, Senate Timeline Now Tightens appeared on BitcoinEthereumNews.com. CLARITY-ACT News The Digital Asset Market Clarity Act (CLARITY Act) failed to clear Congress before the July 4 target the White House had set, leaving US crypto market-structure reform stalled in the Senate. Missing the Independence Day window does not kill the bill, but our reading of the process is direct: the rapid regulatory framework markets had priced in will not arrive in the near term. A White House crypto adviser had pushed lawmakers to advance the measure before the holiday, and that window has now passed with no final text. The trading question has shifted from whether the bill beats a single date to whether the Senate keeps moving it at all through the summer. At its core, the CLARITY Act is Washington’s attempt to redraw the regulatory perimeter for digital assets. Its central unresolved question is jurisdiction: whether a given token is a security under the SEC o

Crypto policy advocates are urging constituents to contact U.S. senators before Aug. 7, warning that the CLARITY Act has little time to advance once lawmakers return from recess July 13. Why Is the CLARITY Act Suddenly Facing a Critical Deadline? Stand With Crypto, a crypto advocacy organization that mobilizes digital asset supporters to influence U.S. […]