SShortSingh.
Back to feed

Crypto Clarity Act faces Senate vote failure without last-minute support

0
·1 views

The Crypto Clarity Act, a market structure bill for cryptocurrency regulation, is heading toward a likely defeat in the U.S. Senate. The legislation has not gathered sufficient votes to clear its first procedural hurdle, which is scheduled for Tuesday. Both parties have entrenched in their positions, making a breakthrough appear unlikely. Without a significant last-minute shift in Senate support, the bill is expected to fall short of the threshold needed to advance.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

ECB Seeks Merchant Partners for 12-Month Digital Euro Pilot Program

The European Central Bank is inviting merchants to join a pilot program testing a beta version of the digital euro. The trial is set to run for 12 months and will evaluate the currency across multiple payment scenarios. Testing will cover online, mobile, in-store, and peer-to-peer transactions. The initiative marks a significant step in the ECB's efforts to develop a central bank digital currency for everyday use.

0
Crypto & Web3CoinDesk ·

Clarity Act Passage Odds Drop as GOP Rejects Democrat Counter-Proposal

The prospects of the Clarity Act, a crypto market structure bill, have taken a sharp hit after Republicans rejected a counter-proposal put forward by Democrats. Prediction markets responded quickly, significantly lowering the odds of the bill passing in the near term. Negotiations between the two parties remained deadlocked with a key Senate vote approaching. The stalemate has cast serious doubt on whether the legislation can advance through Congress on its current timeline.

0
Crypto & Web3CoinDesk ·

DeFi Bridge Exploit Lets Hacker Mint 46 Billion Fake BTC from Just $0.25

A hacker exploited two software vulnerabilities in a DeFi bridge protocol to mint approximately 46 billion synthetic Bitcoin tokens using only 25 cents worth of real BTC. The fabricated tokens, known as syBTC, represented more than 2,000 times Bitcoin's entire maximum supply, making them completely unbacked by real assets. The attack targeted Symbiosis, a cross-chain DeFi bridge platform. Symbiosis has since assessed its preliminary losses from the incident at 9.97 BTC.

0
Crypto & Web3CoinDesk ·

Standard Chartered Forecasts 70x Surge in ARB Token, Targeting $10 Price

Standard Chartered bank has predicted that Arbitrum's ARB token could rise roughly 70 times its current value, reaching a price of $10. The bank cited potential revenue from Robinhood Chain as a key driver behind the bullish forecast. Standard Chartered believes that growing tokenization trends will position Arbitrum as a preferred blockchain network for traditional financial institutions. However, ARB token holders currently have no direct claim on the network's fee revenues, which remains a notable caveat to the optimistic outlook.

Crypto Clarity Act faces Senate vote failure without last-minute support · ShortSingh