Crypto Clarity Act flames out in failed U.S. Senate vote
The years-long effort to set U.S. regulations for crypto markets couldn’t muster enough support to make the leap over the Senate’s final 60-vote hurdle.
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Newest version of crypto Clarity Act may drop as soon as next week, sources say
After a long stretch without breakthroughs in the crypto market structure bill, insiders say a new draft may emerge in a final push for late-July action — though it still lacks bipartisan buy-in.
Crypto exchange Kraken is trying to become a bank in Europe
Kraken’s focus is on Lithuania as the jurisdiction to secure the license, according to a person familiar with the plans.
U.S. payroll growth slowed sharply in June, with only 57,000 jobs added
This morning’s data could slow market expectations for a Fed rate hike as soon as this summer or early Fall.
Bitcoin tumbles to new multi-year low of $58,000, but a short-squeeze setup emerges
Derivatives markets signal that betting on further slide in prices is getting overcrowded, setting up for a potential snapback.
Fed holds rates steady in first decision under new Chairman Kevin Warsh
The accompanying policy statement and updated economic projections, however, took a hawkish turn.
FTX’s Sam Bankman-Fried loses appeal of criminal conviction on fraud, conspiracy charges
The onetime FTX CEO did not persuade a panel of judges that his trial was unfair, the appeals court panel ruled Friday.
Crypto trading firm FalconX confidentially files with SEC for IPO, hires bankers
FalconX has hired Cantor and other bankers to advise on a potential IPO and confidentially filed draft paperwork with the SEC, though the listing is not expected until later this year amid volatile market conditions.
Asset manager Grayscale delays IPO plans as crypto listing boom loses steam
Grayscale’s decision to delay its IPO highlights the growing caution across the crypto industry as volatile markets and weak investor demand weigh on public listing plans.
Google engineer insider-traded search results on Polymarket, Feds allege
The charges mark the second major arrest over insider trading on a prediction market.