All articles tagged with #crypto regulation
Following the Clarity Act's failure in the Senate, the SEC and CFTC are rapidly advancing their own regulatory frameworks. The SEC has proposed custody rules and tokenization exemptions, while the CFTC submitted a market structure proposal to the White House, aiming to provide clarity without congressional legislation.
Senate votes 49-50 to block the Clarity Act, ending a year of bipartisan talks and shifting momentum from Congress to regulators as the path forward for crypto rules. The SEC tied a tokenized-stock exemption to the Act’s failure, while the CFTC issued no-action relief and moved broader rulemaking toward the White House, signaling a regulator-led roadmap despite Democrats insisting the bill isn’t dead and negotiations may resume.
The CFTC has filed its crypto asset rulemaking with the White House for review, signaling a continued federal push on crypto policy without congressional action; the same day the SEC unveiled an innovation exemption for tokenized stocks and the CFTC issued a no-action position for certain software developers under set conditions.
Sen. Kirsten Gillibrand privately urged Democrats to back a crypto-regulation bill, then publicly joined Democrats in opposing its advancement as progressives argued it would benefit Trump; the 49–50 vote failed to move forward, highlighting centrists’ precarious stance amid Trump’s crypto profits and industry lobbying.
A procedural motion to advance the Clarity Act failed in the Senate, halting the crypto industry’s top legislative priority. The bill sought regulatory clarity for digital assets, potentially moving many tokens out of securities oversight, but insufficient cross‑party support and GOP opposition left it far from passage before the midterms. While the setback dims near‑term prospects for a broad crypto bill, policymakers may pursue smaller regulatory steps, and the sector will continue to navigate ongoing regulatory scrutiny and competing policy priorities.
A sprawling Capitol Hill update shows lawmakers contending with a crowded agenda: bipartisan AI safety proposals are gaining traction and drawing industry support, even as impeachment debates and votes churn in Congress; a major crypto regulation bill stalls over ethics and governance provisions amid partisan divides; separate debates touch on birthright citizenship, vaccine issues in confirmations, and FBI oversight, all unfolding as the midterm elections approach.
With the opening Senate vote on the Digital Asset Market Clarity Act looming, Democrats and Republicans remain far apart as last-minute counteroffers fail to move the needle, making passage unlikely this session and keeping crypto regulation in flux.
Sen. Kirsten Gillibrand privately urged fellow Democrats to vote to advance the Clarity Act so the Senate can begin debate on a major cryptocurrency bill. Her push highlights a split in the party: she supports stronger consumer protections and a robust stance, while progressives, led by Elizabeth Warren, argue the measure is too favorable to crypto interests. The procedural vote is not final passage and depends on 60 votes to begin full debate, with Republicans releasing revised text that could win more support but remains uncertain.
Tuesday’s preliminary vote on the Clarity Act—crypto market-regulation legislation—faces uncertain support as banks push to fix stablecoin yields and Democrats demand stronger ethics language; the vote is a make-or-break moment to keep the bill alive, with a 'free vote' allowing amendments and White House concessions contingent on advancing the measure. If it fails, final passage this Congress looks unlikely.
Bitcoin jumped toward $80,000 on renewed macro momentum, aided by lower yields from long-dated Treasury buybacks and clearer regulatory prospects, with record ETF inflows and short-covering helping the move. Analysts say the rally could self-sustain if buying interest remains, but a durable new trading range still depends on sustained demand and is subject to policy/regulatory developments.
Bitcoin jumped through the $67,000 level and gold rose as U.S. Treasury buybacks and a weaker dollar boosted risk assets, fueling a high-momentum week for crypto. Regulators signaled a friendlier stance on crypto finance, with the CFTC weighing easier rules, while political figures like Trump continued to push crypto-friendly policies; the rally was helped by bears covering positions, with billions in bearish crypto bets liquidated by week’s end.
Trump pressed lawmakers to pass a fair version of the Clarity Act during a White House meeting with crypto executives, while the CFTC warned it will use existing powers to establish a crypto regime if Congress stalls. The SEC meanwhile proposed Regulation Crypto Assets to ease fundraising with a temporary safe harbor. At the CFTC’s Innovation Advisory Committee meeting, officials and industry leaders discussed ethics, bipartisan hurdles, and how to move toward a comprehensive US crypto framework, as private talks with major players underscored the push to bring crypto regulation onshore.
Bitcoin jumped more than 25% this week, briefly topping $79,500 as short-sellers covered and U.S. liquidity steps supported risk assets, aided by a warmer Washington stance on crypto. Ether and other digital assets rose in tandem amid regulatory signals, including an SEC proposal on crypto assets and talks around the Digital Asset Market CLARITY Act. Hyperliquid’s HYPE token surged after President Trump hinted at bringing the exchange onshore.
Bitcoin and ether surged after President Trump urged Congress to pass a crypto-clarity bill, with BTC around $71,880 (about 5.2% higher) and ETH up more than 9% to $2,289 as traders pricing in a favorable macro backdrop and potential long‑term gains. Analysts have floated a move toward $100,000 for BTC by year‑end 2026. The rally was aided by a drop in yields from a robust Treasury buyback program and regulatory chatter around platforms like Hyperliquid, boosting appetite for higher‑risk assets even as BTC remains below its recent peaks.
Senate Republicans are racing to finish an August agenda that includes funding the government, a potential vote on the SAVE Act for election integrity, and bills on crypto regulation (CLARITY Act) and hemp, with NIL rights for college athletes also on the table; Democrats worry a failed vote could unleash crypto PAC money and hinder bipartisan talks, leaving passage uncertain and a weekend session possible.