Seven Senate Democrats Reject CLARITY Act Over Ethics Gaps
The holdouts are still publicly committed to getting a bill passed, but the gaps they flagged map directly onto provisions that have stalled prior crypto legislation.
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The holdouts are still publicly committed to getting a bill passed, but the gaps they flagged map directly onto provisions that have stalled prior crypto legislation.
The compromise bans federal officials, including the president, from issuing or sponsoring digital assets, but enforcement runs through the DOJ, which is exactly the part Democrats say makes the…
After three months dormant, a single wallet absorbed 27,000 ETH through Galaxy's OTC desk in one block, a size that points to an institutional accumulator rather than a retail buyer.
The red line is state attorneys general suing federal officials over crypto ties; Democrats say the draft still falls short on Trump exposure, and a floor vote is unsettled before the August 7 recess.
1.1K $BTC (≈72M) moved from #OKEX to unknown wallet.
859 $BTC (≈56.8M) moved from #OKEX to unknown wallet.
The thread breaks down which Solana memecoins the AI trading wallet is rotating into next, with $GOAT, $ai16z, and $Fartcoin all showing seven-figure realized gains.
Seven Democrats likely needed to clear 60 votes tell Republicans the draft still needs work on ethics, illicit finance and consumer protection, just days before the August recess.
The bipartisan math is the story: industry backs the bill, big banks oppose it, and Democrats now want stricter Trump-era guardrails before the vote moves.
The bill still needs Senate passage before reaching the president's desk, but the House vote sets the floor for a long-stalled ethics reform that named-individual disclosure rules have not matched.
250M $USDC (250.1M USD) has been minted at the USDC Treasury.
The $112M impairment is a non-cash accounting entry Tesla's GAAP books require on every digital-asset decline. The real signal is unchanged: the EV maker has not touched its bitcoin stack since 2022.
Two prior weekly bullish divergences marked the absolute bottoms of prior bear cycles. The third just printed, with the supply-in-profit metric also flashing a level that has tagged every prior cycle…
Hougan names five structural pillars, with institutional DeFi scaling into the trillions as the headline call, framing the next cycle as a financial-infrastructure story rather than a…
922 $BTC (≈61M) moved from unknown wallet to #Binance.
The revised text keeps the bill alive past a key ethics impasse but still needs Democratic votes before the August recess, with final language on DOJ enforcement authority unresolved.
The downgrade hinges not on the bill itself but on the 140-company Open USD consortium behind it, which Mizuho says could fragment Circle's issuer revenue if the law passes.
The ethics provision sets a tougher standard for federal officeholders as lawmakers shape federal digital-asset legislation.
The measure targets perceived conflicts of interest and seeks to reinforce confidence that lawmakers do not hold an unfair trading edge.
The sharp repricing points to weaker confidence in the bill’s path and prolongs uncertainty over US crypto regulation.