Clarity Act, in the flesh, unveiled by U.S. Senate Banking Committee before hearing
The crypto market structure bill had already been making the industry rounds behind closed doors, but the lawmakers have released the text before their vote.
Regulation
Crypto Clarity bill has 30% chance of passing this year, Wintermute’s Hammond says
Wintermute’s head of policy Ron Hammond pegs chances at 30%, citing political friction, stalled negotiations and shifting timelines despite signs of progress.
Japan moves to classify cryptocurrencies as financial products
The new rules ban insider trading, require issuers to publish annual disclosures, and impose stricter penalties: up to 10 years in prison and 10 million yen in fines for operating without registration.
Stablecoin issuers get closer to U.S. federal rules with FDIC’s new proposal
The Federal Deposit Insurance Corp. approved a proposed rule to govern the issuers, even as the Senate continues to debate GENIUS Act details.
Regulation by hostility: the real legacy of Biden-era crypto policy
Thorn argues that a recent New York Times op-ed rewrites history through omission, glossing over the collateral damage caused by the previous administration.
The time for clear financial privacy rules is now
Despite recent regulatory progress in the industry, privacy remains an area that needs to be addressed, says Yelderman.
KuCoin operator barred from U.S. after CFTC order, following $297 Million DOJ case
KuCoin operator Peken Global Limited cannot cater to U.S. users on its platform unless it registers as a foreign board of trade.
Crypto’s CLARITY Act could be a headwind for DeFi tokens ring-fencing yield, analyst says
The proposed restriction on yield would shift value toward regulated players and away from decentralized finance’ tokens, 10x Research’s Markus Thielen said.
Binance tightens market maker rules, tells token issuers they must disclose partners
The guidelines ban profit-sharing and guaranteed return arrangements, aiming to prevent conflicts of interest and manipulative trading.
Vietnam pushes local crypto exchanges as Hanoi moves to block offshore trading: Reuters
The move aims to regulate the country’s growing crypto market and restrict trading on foreign platforms.