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CLARITY Act’s odds slide to 10% as Trump hosts Coinbase, Ripple and Wall Street exchanges
The odds of the Digital Asset Market Clarity Act being signed into law have significantly decreased, with predictions now as low as 10%. This comes as President Donald Trump is set to host executives from major crypto exchanges like Coinbase and Ripple, alongside traditional Wall Street players and regulators, for a meeting on August 19th. The bill faces challenges due to disagreements over ethics, restrictions on government officials, and stablecoin rewards, with limited time remaining in the legislative calendar.
Grayscale Seeks SEC Approval for America’s First Worldcoin ETF
Grayscale has submitted an S-1 registration statement to the SEC for the first US exchange-traded fund backed by Worldcoin's WLD token, aiming to trade on Nasdaq under the ticker GWLD. The proposed passive fund would directly hold WLD and track its price via the CoinDesk Worldcoin Benchmark Rate, minus expenses. While details like management fees are still to be determined, the filing marks a significant step in Grayscale's expansion into single-asset cryptocurrency funds.
