Tag Archives: crypto bill

Treasury Secretary Urges CLARITY Act Passage, Saying The US Should Be Home For Crypto

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On Thursday, Treasury Secretary Scott Bessent urged Congress to pass the CLARITY Act, a bill that would provide the crypto industry with a regulatory framework and the long-awaited clarity it needs regarding the classification of digital assets.  Bessent Presses Lawmakers To Pass The CLARITY Act  In remarks at the White House, Bessent emphasized that the… Continue reading Treasury Secretary Urges CLARITY Act Passage, Saying The US Should Be Home For Crypto→

Coinbase CEO Unpacks The Crypto Bill’s Biggest Promise For The US Financial System

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As the Senate Banking Committee prepares to mark up the long-anticipated CLARITY Act on Thursday, Coinbase CEO Brian Armstrong has argued that the newest version of the bill represents a workable “compromise” and could meaningfully improve the US financial system.  Speaking to FOX Business, Armstrong said the updated draft reflects concessions on both sides—what he… Continue reading Coinbase CEO Unpacks The Crypto Bill’s Biggest Promise For The US Financial System→

Bipartisan PACE Act Introduced To Expand Crypto Firms’ Access To Fed Payment Services

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A new bipartisan bill introduced on Tuesday would give many fintech and crypto payment providers a clearer path to the US payment infrastructure.  The new measure, called the Payments Access and Consumer Efficiency (PACE) Act, is designed to create a national payments license that would streamline how qualified companies can access federal payment services, to… Continue reading Bipartisan PACE Act Introduced To Expand Crypto Firms’ Access To Fed Payment Services→

White House To Host Crypto And Banking Leaders In Push To Break Regulatory Deadlock

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The White House is set to bring together senior figures from the banking and crypto industries on Monday in an effort to break the deadlock over the crypto market structure bill, namely the CLARITY Act, according to a Reuters report.  The planned meeting comes as progress on the bill has stalled amid growing tensions between… Continue reading White House To Host Crypto And Banking Leaders In Push To Break Regulatory Deadlock→

Coinbase CEO Claims Big Banks Are Aiming To ‘Kill Competition’ With Latest Crypto Market Bill Draft

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Cryptocurrency exchange Coinbase (COIN) recently retracted its support for the latest iteration of the crypto market structure bill, known as the CLARITY Act, just 24 hours before a crucial markup was scheduled.  This signals significant concerns about the bill’s alignment with the interests of cryptocurrency firms compared to traditional banking institutions, not only for the… Continue reading Coinbase CEO Claims Big Banks Are Aiming To ‘Kill Competition’ With Latest Crypto Market Bill Draft→

Coinbase Mulls Exiting Support For Crypto Market Structure Bill Ahead Of January 15 Deadline

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As the January 15 markup of the crypto market structure bill—known as the CLARITY Act—draws closer, reports indicate that Coinbase (COIN) is reconsidering its support for the legislation.  A Monday report from Bloomberg suggests this shift in position is contingent on whether the anticipated bill includes provisions beyond enhanced disclosure requirements tied to stablecoin rewards.… Continue reading Coinbase Mulls Exiting Support For Crypto Market Structure Bill Ahead Of January 15 Deadline→

New Hope For Crypto: Senators Introduce Blockchain Regulatory Certainty Act

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In a major new development for the crypto industry, Senators Ron Wyden and Cynthia Lummis announced on Monday evening the introduction of a bipartisan, standalone version of the Blockchain Regulatory Certainty Act (BRCA).  This legislation aims to provide much-needed clarity for software developers and infrastructure providers in the blockchain space, particularly concerning their classification under… Continue reading New Hope For Crypto: Senators Introduce Blockchain Regulatory Certainty Act→

Lummis Fast-Tracks Crypto Market Structure Bill To Reach Trump’s Desk Before Thanksgiving

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In a recent address, pro-crypto Senator Cynthia Lummis revealed her efforts to expedite the passage of a crucial piece of legislation known as the Market Structure Bill.  This initiative follows the recent enactment of several significant laws, including the GENIUS Act, the CLARITY Act, and the Anti-CBDC bills, all aimed at shaping the future of… Continue reading Lummis Fast-Tracks Crypto Market Structure Bill To Reach Trump’s Desk Before Thanksgiving→

Citigroup CEO Confirms Interest In Issuing A Proprietary Stablecoin—Reuters

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American multinational investment bank Citigroup announced plans to potentially issue its stablecoin, as CEO Jane Fraser revealed during a post-earnings conference call.  As first reported by Reuters, Fraser emphasized the bank’s focus on both the stablecoin initiative and the growing tokenized deposit sector, stating, “This is a good opportunity for us.” As the third-largest lender… Continue reading Citigroup CEO Confirms Interest In Issuing A Proprietary Stablecoin—Reuters→