(source: en.wikipedia.org)
The collapse of the Clarity Act has reportedly triggered a wave of finger-pointing among cryptocurrency executives and lawmakers. This “blame game” began almost immediately after the digital assets legislation failed to clear the Senate earlier this month, The Wall Street Journal (WSJ) reported Sunday (Sept....
The Commodity Futures Trading Commission has submitted to the Office of Management and Budget a proposal to regulate crypto asset transactions and crypto asset markets, according to a pending regulatory review notice on an OMB website. The proposed rule, which has not yet been published...
Washington’s attempt to advance comprehensive crypto market-structure legislation stalled out on Tuesday (Sept. 15). That, in effect, leaves stablecoins as the presumptive standalone regulated U.S. digital asset. And it makes this week’s developments more significant than another collection of crypto announcements. The U.S. Securities and...
Crypto markets lost their big Washington vote Tuesday (Sept. 15). But the more important fight may be the one that finally came out into the open. The Digital Asset Market Clarity Act had been billed as the long-awaited rulebook that could pull cryptocurrency deeper into...
The House Ways and Means Committee voted to advance the Digital Asset Tax Certainty Act (H.R. 10357) Wednesday (Sept. 16), Rep. Rudy Yakym (R-Ind.) said in a post on X. “It gives crypto owners clear guidelines and treats digital assets like other financial assets,” Yakym...
Crypto spent years begging Washington for clear rules. On Tuesday (Sept. 15), Washington blinked. The Senate failed to advance the Digital Asset Market Clarity Act, dealing a major setback to legislation designed to finally answer one of crypto’s biggest questions: Who exactly is in charge...
The European Central Bank (ECB) has called for online and mobile merchants to participate in a digital euro pilot, it said in a Tuesday (Sept. 15) press release. The pilot presents an opportunity for merchants to collaborate with the ECB and euro area national central...
The cryptocurrency sector has for years called for regulatory clarity around digital asset markets in the U.S. The resulting piece of legislation, the Clarity Act, however, has morphed into something more than just a crypto market structure bill. Over successive rewrites, the Clarity Act moved...
Three Republican Senators released a final draft of the Clarity Act Monday (Sept. 14), saying in a press release that the bill includes new ethics language and measures to prevent deposit flight tied to payment stablecoins. Sens. Cynthia Lummis (R-Wyo.), John Boozman (R-Ark.) and Tim...