Rushed CLARITY Act vote could set legislation back, Gallego warns
Gallego said the White House has not provided pointbypoint feedback on a bipartisan ethics proposal as a September vote approaches. Source：Cointelegraph
Trump pushes for CLARITY Act passage alongside crypto leaders
Donald Trump spoke from the White House on Wednesday, urging the Senate to pass a crypto market structure bill to keep the country “ahead of China.”…
Trump calls for passage of a key cryptocurrency bill as it falters in the Senate: ‘We need Congress to take the next step’
The Clarity Act is running into resistance because it doesn’t limit the president’s lucrative crypto ventures. Source：MarketWatch
FalconX, Ethena bring USDe backing assets into $1B institutional credit facility
The $1 billion facility will deploy assets backing USDe into overcollateralized institutional loans, expanding Ethena’s sources of returns beyond crypto basis…
SEC regulatory proposal marks ‘important’ step forward from ‘inapt’ crypto rules: Commissioner Peirce
“Crypto mom” Hester Peirce praised the SEC’s proposed crypto regime, published days after the Senate failed to pass the CLARITY Act, the US’ first…
Beyond crypto funding rates: Ethena diversifies USDe backing with $1 billion FalconX facility
The warehouse facility gives Ethena another source of returns for the assets backing USDe while channeling onchain capital into overcollateralized…
OpenAI trails Anthropic as losses deepen and Altman pauses frontier AI training
Widening losses and intensifying competition coincide with a pause in frontier reinforcementlearning training as openai strengthens its safety controls.…
The stock market is driving the economy in one major way
The wealth effect of higher equity prices has enabled U.S. consumers to continue spending even when changes in disposable income suggested recessions might be…
Bitpanda fined in Austria’s first published MiCA penalty
The FMA said Bitpanda breached MiCA rules on crypto white papers and marketing communications, with the decision now final. Source：Cointelegraph
Why the world’s second-largest Bitcoin mining power is shutting down rigs in its capital city
The Energy Ministry enacted the yearround restriction to mitigate power capacity shortages, as energyintensive mining facilities continue to strain regional…
Galaxy lowers CLARITY Act odds to 10%
Galaxy cited unresolved ethics, stablecoin yield and developer protection issues, along with a narrow Senate window when lawmakers return in September.…
SEC cancels key crypto regulatory meeting
The SEC canceled a meeting on proposed crypto offering rules after the Senate left for recess without voting on the CLARITY Act. Source：Cointelegraph