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Crypto

U.S. Senate to take up Clarity Act in late April as stablecoin interest provision holds it up

The U.S. Senate has set late April for committee review of the Clarity Act, a crypto market structure bill. The Senate aims to pass it out of committee by May, but industry opposition to key provisions has made last-minute amendment talks a variable. TD Cowen put the odds of passage this year at about one-third. The main dispute is a ban on passive interest on stablecoin balances, while allowing activity-linked rewards.

Crypto

Dogecoin active addresses surge, network busy but price weak: why?

Dogecoin's active addresses rose 28 percent over the past week, but its price fell over the same period and remained weak. Blockchain outlet The Crypto Basic said on March 31 that on-chain indicators improved but there was still no technical breakout. Analyst Ali Martinez said active addresses increased from 57,000 to 73,000. CoinGlass data showed $541.28 million in DOGE moved off exchanges over seven days, versus $481.30 million in inflows, for net outflows of about -$60 million.

Crypto

XRPL validator says no need for SWIFT to use XRP

An XRP Ledger (XRPL) validator known as Vet rejected speculation that XRP and the Society for Worldwide Interbank Financial Telecommunication (SWIFT) could work together, saying SWIFT does not use XRP and XRP does not need SWIFT to function. Vet said blockchain systems can bypass legacy financial infrastructure by integrating messaging and settlement in a single process. He contrasted SWIFT’s messaging role with separate settlement steps that can add delays, costs and intermediaries.