Cryptocurrency Regulation
Ongoing coverage on Cryptocurrency Regulation.
Latest coverage
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.
SEC sets Aug. 14 vote to float ‘Regulation Crypto’ offering rules for digital assets
The U.S. Securities and Exchange Commission has scheduled an Aug. 14 vote to propose new rules for digital assets, dubbed 'Regulation Crypto.' This initiative aims to provide a tailored offering regime for crypto firms to raise funds without triggering SEC registration obligations and offers an exit from SEC jurisdiction once projects are no longer actively managed. The move comes after the Senate failed to advance its own crypto market structure legislation.
TD Cowen gives the Clarity Act just a 1-in-4 shot this September
TD Securities estimates the Clarity Act, a crypto market structure bill, has only a 25% chance of becoming law in September, citing potential procedural hurdles and Democratic opposition. The bill's path forward is described as difficult, with a 75% probability of failure. Key points of contention include amendments related to ethics and anti-money-laundering provisions.
Stablecoins Are Crossing Borders Fast — But Someone Still Has to Convert Them Into Local Money
While Visa's new platform simplifies stablecoin access for financial institutions, the primary challenge for cross-border transactions remains currency conversion. Despite stablecoins facilitating value transfer, the need for foreign exchange pricing, liquidity, and settlement persists in each corridor, creating complex plumbing for fintechs operating in multiple markets. Regulatory bodies are increasingly classifying these activities as foreign-exchange operations, highlighting the ongoing friction in converting stablecoins into local currencies for everyday economic activities.
“A Moonshot”: Clarity Act Ethics Text Under White House Review as Senate Recess Closes In
The Clarity Act, a bill concerning cryptocurrency regulation, is facing a tight deadline for Senate review before a scheduled recess. Ethics language for the bill is currently under White House review, with Senator Thom Tillis stating that passage before the break would be a "moonshot" unless the Senate delays its departure. Despite industry support, the bill's progress is hindered by ongoing negotiations and procedural hurdles.
Senate Negotiators Fold Ethics Rules Into Merged CLARITY Act Draft
Negotiators have merged drafts of the CLARITY Act, incorporating an ethics provision for federal officials, though enforcement mechanisms remain a point of contention. This legislation is crucial for defining the regulatory treatment of tokens and NFTs in play-to-earn crypto gaming models. The bill's passage hinges on resolving disputes over enforcement, with a motion to proceed expected soon.
