Democrats send counteroffer to Republicans over Clarity Act provisions
Democratic Senators were said to be meeting late Monday to discuss the latest proposed draft text. Source:CoinDesk
Balancer eyes wind-down after restructuring fails to revive revenue
Balancer cut costs and shipped new products after restructuring, but Marcus Hardt says v3 failed to replace legacy revenue as November’s $128 million exploit…
U.S. House panel shares crypto tax bill ahead of hearing later this week
The House Ways and Means Committee published a crypto tax bill addressing de minimis transactions, staking and other issues for which the industry's clamored…
Bitcoin slips to $77,800 as Senate Clarity Act vote nears and oil prices climb
Bitcoin pulls back from $79,000 as the Senate prepares to vote on the Clarity Act and oil prices rise. Source:CoinDesk
Democrats push back on GOP’s ‘final’ CLARITY offer with counterproposal: Politico
Some Democrats remain dissatisfied with the bill’s crypto ethics provisions and will be sending a counterproposal just hours before a key procedural vote.…
Even if Clarity fails, Wall Street’s crypto push is unlikely to stop
The Clarity Act could give banks, brokers and asset managers a clearer rulebook, but financial firms have already moved far enough into digital assets that…
SEC's Atkins backs Clarity Act but says agency will keep pushing crypto rules without it
The SEC chair said crypto issuance, transfer agent modernization and custody will form the backbone of the agency’s regulatory push. Source:CoinDesk
The murky AI milestone that has some of the industry’s leading voices increasingly on edge
Anthropic CEO Dario Amodei and others are warning that AI models may be able to build on themselves, without the help of humans. It’s a concept known as…
Robinhood plans share redemptions, voting rights for stock tokens, after criticism
CEO Vlad Tenev said more shareholder features are coming as Robinhood’s offshore stock tokens draw scrutiny over ownership rights. Source:CoinDesk
Kraken brings DeFi yield to tokenized stocks and ETFs
Kraken’s new xStocks vaults let investors earn yield on tokenized versions of Nvidia and major US stock market ETFs by lending the assets in DeFi markets.…
The 10 most overvalued housing markets in America
As home prices remain near record highs, about 81% of housing markets in America are overvalued, a new ratingsagency report says, with the Northeast leading…
Saudi Arabia may be just days away from not being able to export much oil
The oil exporting kingdom is now dealing with the shutdown of its EastWest pipeline. Energy prices ‘are only going to rise on the back of this.’…