The Senate Agriculture Committee has postponed the markup of the Digital Commodity Intermediaries Act due to a winter storm, adding to the setbacks for crypto market structure legislation.
Senate crypto bill delayed by snowstorm but likely to face partisan opposition, jeopardizing its passage and creating further uncertainty for the crypto industry.
Explore how banks aim to restrict stablecoin yields by 2026 to combat deposit flight, while crypto giants like Coinbase and Circle oppose these limitations amid stalled Senate negotiations.
The Senate’s crypto market structure bill is delayed as the Banking Committee prioritizes Trump’s housing initiatives. Coinbase’s withdrawal of support contributed to the setback.
Senate Judiciary leaders warn that developer exemptions in the crypto market structure bill could weaken money laundering enforcement and hinder prosecution of illicit finance cases like Tornado Cash.
US Senate panel seeks to remove developer safeguards from crypto bill, citing concerns about money laundering and regulatory compliance. This move could significantly impact DeFi and crypto innovation.
Galaxy warns that the proposed US Senate crypto bill grants the US Treasury extensive surveillance powers, including the ability to freeze transactions and deploy Patriot Act–style measures. This could have significant implications for privacy and the growth of the crypto industry.
The Senate has moved the markup of a critical crypto bill to January 27, 2024, with significant provisions for stablecoins and DeFi, but faces potential roadblocks from Democratic senators over ethics controls.
The U.S. Senate delays the Digital Asset Market Clarity Act amid disagreements over stablecoin yields, highlighting the ongoing struggle to balance innovation with regulatory oversight.
The revised Senate CLARITY Act draft introduces activity-based stablecoin rewards, incentivizing payments, wallet usage, and staking while barring passive interest payments. Discover the implications for the stablecoin ecosystem.