US Crypto Clarity Act Delayed to September as Banks Press Ahead

·52 views

The Clarity Act, a key piece of US cryptocurrency regulation, has been pushed back to September, leaving the industry without settled legal rules for longer than expected. Despite the regulatory uncertainty, banks and financial institutions are continuing to build out their crypto infrastructure and products. Matter Labs' Vassilis Tziokas argues that each month without clear rules inadvertently benefits closed, centralized platforms over open alternatives. The prolonged absence of a regulatory framework is seen as quietly tilting the competitive landscape in favor of established walled-garden ecosystems.

Read the full story at CoinDesk

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

Discussion (0)

White House crypto policy post left vacant after adviser Patrick Witt's exit

Patrick Witt, President Donald Trump's crypto adviser, has departed the White House. His exit leaves the digital assets office without a leader. It is currently unclear how the administration will pursue its cryptocurrency policy goals. The vacancy places the future direction of federal crypto policy in question.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Crypto for Advisors: Wall Street is done waiting on Congress for crypto rules

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Brooklyn prosecutors and FBI dismantle crypto fraud ring targeting Russian speakers

Brooklyn prosecutors and the FBI have taken down a large cryptocurrency fraud network that focused on Russian-speaking victims. According to the allegations, the operation drew people in through Russian-language Facebook advertisements and posed as financial advisers. The scheme is said to have stolen tens of millions of dollars from its targets. Victims were then approached a second time with false offers to recover their lost funds.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Ledger plans to turn its crypto hardware wallet into a smartphone

Crypto hardware wallet maker Ledger has unveiled a plan to transform its device into a smartphone. The device, called Atom, is designed to run everyday apps such as WhatsApp and Instagram. Users will be able to switch between standard smartphone functions and a secured mode dedicated to managing digital assets. The move comes as the company faces pressure in the market.

0 comments Read more at CoinDesk