US Senator Warns Clarity Act Delay Could Push Crypto Rules to 2030

Senator Cynthia Lummis is warning Congress that missing the Clarity Act window could delay major crypto legislation until 2030. She says inaction would leave developers exposed, consumers vulnerable, and law enforcement agencies without stronger tools. Clarity Act Warning Puts Congress on a Crypto Policy Deadline The Clarity Act has become a deadline test for Congress, […]

The post Crypto Market This Week: US Jobs Data, Global Inflation, CLARITY Act In Focus appeared on BitcoinEthereumNews.com. This week, the crypto market awaits a slew of U.S. economic data, a Fed statement and inflation reports from key economies. Data may affect market expectations regarding interest rates, liquidity, and risk appetite in the crypto space. U.S. Jobs Data Expectations The emphasis will be on the U.S. labour market. The U.S. unemployment data report is being awaited by market participants. They anticipate a slight decline in job growth from the prior months and that the unemployment rate will not drop much from 4.3%. In addition, crypto market participants will look for signs of labor market strength in job openings on JOLTS, ADP private payrolls, Challenger job cuts. Also, the weekly initial jobless claims will be released. Recent data indicated a slowdown in activity as the number of new jobless claims in the U.S. increased to 215,000, but not dramatically. The employ

A practical overview of Qanplatform, its purpose, token mechanics, ecosystem fit, and key risks for developers and enterprises. The post Qanplatform: Quantum-Resistant Blockchain Overview appeared first on BiteMyCoin.

The post ‘Now Or Never’ For Crypto Clarity, CEO Warns Ahead Of Key June Push appeared on BitcoinEthereumNews.com. ‘Now Or Never’ For Crypto Clarity, CEO Warns Ahead Of Key June Push Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he’s a cook and cinephile who’s constantly intrigued by the size of the universe. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/now-or-never-for-crypto-clarity-ceo-warns-ahead-of-key-june-push/

Four working weeks. That’s all the time left in June for the US Senate to move on the CLARITY Act before lawmakers head into recess — and the crypto industry is watching the clock. Related Reading: $1.88M Wiped Out As Sui Blockchain Suffers Third Outage Before Recovery A Crowded Legislative Calendar Senate Majority Leader John […]

The post How the House Financial Services Committee is taking on tokenization: State of Crypto appeared on BitcoinEthereumNews.com. Last month, Rep. French Hill, who chairs the House Financial Services Committee, told CoinDesk that he expected the Clarity Act to secure bipartisan consensus, that tokenization was the next major agenda item and that crypto would continue to receive bipartisan support. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative After stablecoins and market structure, tokenization is the next major focus for the House Financial Services Committee, Chairman French Hill told CoinDesk last month. Why it matters The House Financial Services Committee is one of the few groups in Congress with direct oversight over federal regulators working on digital asset policy. It played a key role in advancing both the stablecoin-focused GENIUS Act and the marke

The post Fed Gov. Eyes Stablecoins To Expand US Policy Reach Amid CLARITY Act Push appeared on BitcoinEthereumNews.com. Federal Reserve Governor Christopher Waller shared optimistic remarks on stablecoins today. The Fed official believes that stablecoins could help the Fed’s policy to spill over to nations that are more embracing of dollar-backed digital currencies. Fed Governor Shares Views On Stablecoins At the event in Croatia on Sunday, Waller likened stablecoin adoption to the fixed exchange-rate system. “Countries that adopt it, it’s like a fixed exchange rate system,” Fed’s Waller said. He added, “You are going to import US monetary costs, so it’s broadening the reach of US monetary policy in countries that use more stablecoins.” For context, Waller has been pro-stablecoin in the past. Earlier, he said that stablecoins could help increase the U.S. dollar’s dominance in the world economy if they are well-regulated. Earlier, the Fed governor also lashed out on CBDCs. CBDC is a “so

The post CLARITY Act Faces Banking Opposition as Stablecoin Debate Intensifies appeared on BitcoinEthereumNews.com. Key Insights JPMorgan CEO Jamie Dimon criticized stablecoin provisions in the latest CLARITY Act draft. Banks continue arguing that crypto firms should face the same standards as deposit-taking institutions. Additional lobbying efforts could slow the bill’s path through Congress. The CLARITY Act faces renewed pressure from the banking sector as lawmakers continue debating a federal framework for digital assets. The latest opposition came from JPMorgan Chase CEO Jamie Dimon, who criticized provisions related to stablecoins and argued that crypto companies offering bank-like services should operate under comparable regulatory requirements. Banks Continue Challenging Stablecoin Rules Banking industry concerns remain centered on stablecoins and yield-bearing products. According to Dimon, firms that accept customer funds or offer products that resemble traditional deposits sho