“We view this as the first of several rulemakings the SEC will undertake to provide regulatory certainty for crypto assets after the Senate failed before the August recess to advance the Clarity Act on crypto market structure,” TD Cowen analyst Jaret Seiberg wrote in a… Read More
The U.S. Senate is finally leaping into the first procedural votes on the crypto Digital Assets Market Clarity Act, after the leadership moved early Saturday to start official floor action on the crypto market structure bill, marking the farthest progress yet for the industry’s central… Read More
While acknowledging bipartisan support exists for the legislation, Rafique said party politics are likely to outweigh the industry’s push for regulatory clarity. He dismissed Democratic concerns over ethics provisions as inconsistent, arguing lawmakers should instead adopt broader restrictions on public officials participating in financial markets.… Read More
A supervising U.S. FBI agent who worked in intelligence at the national headquarters has been arrested and accused in a federal court filing of stealing more than $1 million in cryptocurrency. The high-level special agent, identified as Patrick Steven Yarmoch, allegedly turned himself in to… Read More
Bottom line: Clarity isn’t likely to come up for voting before next week — the final days before the chamber’s summer break is set to start on August 8. The hotly debated market structure bill isn’t yet ready for a vote, anyway, as the parties… Read More
The U.S. Commodity Futures Trading Commission, which has claimed a role as the leading regulator of prediction markets firms run by companies such as Kalshi, Coinbase, Polymarket and Crypto.com, issued an advisory on Friday reminding the businesses that they shouldn’t cut corners with far-ranging contract… Read More
