Senate Clarity Act Draft Bars Presidents From Issuing Crypto
The amendment closes a loophole the White House did not need to exploit publicly, but locking the bar into statute shifts ethics from policy preference into binding law.
Executive and legislative crypto policy — central bank stances, country-level rules, and CBDC rollouts.
The amendment closes a loophole the White House did not need to exploit publicly, but locking the bar into statute shifts ethics from policy preference into binding law.
A 14-year SEC veteran exits as the Enforcement Division navigates a shifting enforcement agenda and a leadership refresh at the top.
The $150K fee award to History Associates is a footnote; the real concession is the SEC's agreement to review how it preserves staff text messages.
The headline provision is the developer safe harbor, but the ethics clause carrying a 2029 sunset is the political deal that lets the bill actually move.
Indivisible and Demand Progress are blasting the senator's family crypto ties, framing the CLARITY Act ethics rules as a lobbying loophole worth killing the bill over.
The draft preserves protections for non-custodial DeFi developers, but its temporary ethics provision and lack of Democratic buy-in leave the Senate path uncertain.
The proposal targets conflicts of interest at the highest levels of government, a governance signal that could shape how markets assess US crypto policy.
The NCA's first jobs audit puts a number on the US crypto sector that policymakers can no longer hand-wave away: 34,000 direct hires, 232,000 jobs supported, and outsized concentration in California…
A senior enforcement principal deputy exits mid-pivot on crypto policy, with a former SEC attorney lined up to take the role as priorities shift toward court-tested actions.
Britain's 2027 tokenized sovereign bond pilot has Treasury, BoE and FCA backing, but the absence of a credible pound stablecoin means the onchain settlement layer is still the bottleneck.
The Treasury keeps renewing licenses that let US refiners buy sanctioned Venezuelan crude, with collections this year already past thirteen billion and big Louisiana and Texan Gulf operators among…
A narrow procedural window forces a decision the market has been waiting two years for: which agency writes the rules for digital asset trading, and who answers to whom.
The commissioner is signalling that the agency will case-by-case each vault and lending product, and builders who try to engineer around securities law will pay the price.
The morning call signals the market-structure bill is moving fast enough that industry lobbying groups want the latest draft before committee markup resumes.
The bill, framed by the Terra $40B wipeout, would ring-fence client funds from issuer insolvency, a structural fix the industry has wanted since 2022.
The CEO's stance matters because Nvidia walks a fine line in Washington, where chip-export controls overlap with an open-source debate that shapes who trains frontier models.
The provision bars the president, Congress, and federal officials from issuing crypto while in office, with bipartisan negotiators aiming to lock in updated language within days.
Islamabad is pitching the ask as a reward for brokering US-Iran diplomacy, while the rupee remains under pressure and IMF talks stall.
The market's near-term XRP read is no longer price-chart driven: it is a legislative clock, with the bill needing a Senate floor vote before August recess or the window slams shut.
The finding puts stablecoin regulation on a collision course with sovereign monetary policy: if dollar-backed tokens route around FX restrictions, the entire capital-control toolkit loses a layer of…