U.S. Senate Delays Crypto Clarity Act as Other Legislation Takes Priority

·1 views

The U.S. Senate has postponed consideration of the Crypto Clarity Act, with the majority leader directing legislative focus toward unrelated bills. The delay means the crypto industry must continue waiting for its key policy proposal to receive a floor vote. Senate bandwidth is currently limited, leaving little room for the cryptocurrency legislation to advance in the near term. The crypto sector has been anticipating the bill as a significant step toward establishing clearer regulatory guidelines in the United States.

Read the full story at CoinDesk

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

Discussion (0)

Federal Judge Pauses Minnesota's Ban on Prediction Markets

A federal judge has temporarily blocked Minnesota's law that sought to criminalize prediction markets. The ruling came in cases involving platforms Kalshi and Polymarket, both of which challenged the state ban. The judge determined that the Minnesota law would likely conflict with the federal Commodity Exchange Act. The decision grants the platforms a pause against enforcement of the state's restrictions while the legal dispute continues.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin holds $65K amid AI stock slump as Fed decision looms

Bitcoin remained steady near $65,000 even as Nvidia and other AI-related stocks experienced a sharp decline. The resilience came despite broader market turbulence driven by a selloff in the artificial intelligence sector. Analysts say the upcoming Federal Reserve interest rate decision could be a pivotal moment for the cryptocurrency. Depending on the Fed's stance, bitcoin could either push to new highs or fall back to the lows seen in June.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Regulated Crypto Perpetual Futures Arrive in US as Banks Await Market Maturity

Regulated perpetual futures contracts, a dominant trading instrument in crypto markets, are now making their formal entry into the United States financial landscape. Agile trading firms and crypto exchanges are moving quickly to meet strong retail demand for the product. However, major traditional Wall Street banks are adopting a cautious stance, waiting for clearer regulations and deeper market liquidity before participating. The hesitation from big banks reflects broader concerns about infrastructure readiness in the nascent regulated market. The development marks a significant step in bridging mainstream finance with crypto-native trading instruments.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Uphold Lays Off 17% of Staff, Pivots to Enterprise Business Amid Crypto Downturn

Crypto trading platform Uphold has announced a reduction of 17% of its global workforce. The company attributed the decision to a strategic shift in its business direction. Uphold stated it is moving focus toward its enterprise segment, which has been experiencing rapid growth. The layoffs come as the broader cryptocurrency market continues to face a prolonged downturn, commonly referred to as a crypto winter.

0 comments Read more at CoinDesk