White House crypto adviser Patrick Witt responded to Thune’s remarks in an interview with CoinDesk on Thursday, arguing that the first week in August should still be open for potential Senate action. Witt said he was “perplexed” by Thune’s sentiment and that he’s “slightly more… Read More
Bond markets are already reacting. The U.S. two-year Treasury yield jumped to 4.31%, its highest level since February 2025, while the benchmark 10-year yield rose to 4.66%, the highest since May, according to TradingView data. Higher yields raise the opportunity cost of holding non-yielding assets… Read More
The lack of an ethics provision remains one of the biggest sticking points. Sen. Ruben Gallego (D-Ariz.), one of two Democrats who voted to advance the bill out of the Senate Banking Committee, has repeatedly said he will not support the legislation on the Senate… Read More
On Monday, several Senate Democrats announced that they’d hold a press conference this week to state their opposition to Clarity and what they said is its “failure to rein in President Donald Trump’s corrupt crypto schemes.” Senator Murphy will join senators Chris Van Hollen and… Read More
The president also disclosed holding north of $100 million in various cryptos, and a few smaller stakes in firms like Corewave. Senator Elizabeth Warren, the senior-most Democrat on the Banking Committee, called for an ethics provision in the Clarity Act in a statement after the… Read More
The Clarity Act is widely viewed as the crypto industry’s most important market structure bill because it would establish clear rules for when digital assets are regulated as securities by the Securities and Exchange Commission (SEC) or commodities by the Commodity Futures Trading Commission (CFTC),… Read More
