Tag: Provisions

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New Clarity Act text tweaks DeFi, credit union provisions, but road ahead for bill remains murky

The Clarity Act needs 60 votes when the Senate returns from its recess next week. Republicans circulated a fresh draft on Thursday ahead of...

Ethics, other provisions in crypto Clarity Act to be further discussed

A group of Democrat Senators said in a statement late Wednesday that the bill still fell "short" of where it needed to be to...

White House Agrees to Ethics Provisions in Market Structure Bill

The White House agreed to provisions in a crypto market structure bill that could ensure support from some Democratic lawmakers in the US Senate.According...

ABA, Banking Associations Push Back Against CLARITY Act Yield Provisions

A wide swath of the US banking industry is urging Senate leaders to amend the stablecoin yield provisions of the Digital Asset Market...

Nearly 100 Catholic Leaders Oppose CLARITY Act Over Trafficking Safeguard Provisions

Close to 100 Catholic bishops and church leaders have sent a letter to Senate leadership opposing the CLARITY Act, arguing that a provision shielding...

Crypto Clarity Act in spotlight for bad-actor provisions as Senate process grinds forward

Though there's no new sign of progress on the U.S. Senate's Digital Asset Market Clarity Act, the crypto industry's Blockchain Association held an online...

ABA Pushes Banks to Lobby Senators Over Stablecoin Yield Provisions

The American Bankers Association is lobbying US senators ahead of this week’s Senate Banking Committee markup of crypto legislation, warning that proposed stablecoin rules...

US Senator Calls for Anti-Corruption Provisions in Crypto Bills

Massachusetts Senator Elizabeth Warren, one of the more outspoken voices in Congress often connecting cryptocurrencies to illicit activities, slammed the US Securities and Exchange...

Galaxy Compares DeFi Provisions in Crypto Bill to Patriot Act Surveillance

In brief Galaxy Research says the Senate Banking draft embeds sweeping new illicit finance powers for the Treasury. The proposal includes transaction holds without court orders...

Industry Reacts to Market Structure Provisions on Stablecoin Rewards

As US senators prepare to mark up a major crypto market structure bill this week, industry leaders are weighing in on proposed changes that...