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Crypto

White House says U.S. Clarity bill at risk of stalling on Sept. 15 without seven Democratic votes

The White House has stepped up pressure on Democrats ahead of a U.S. Senate procedural vote on the Clarity bill, a crypto market-structure measure. It said negotiations have progressed far enough that failure to reach a conclusion by Sept. 15 would make further progress difficult. Republicans are expected to supply 53 votes for ending debate, meaning at least seven Democrats would need to support cloture to move the bill to formal consideration.

Crypto

Ethereum, Solana mull supply cuts but demand seen as key price driver

Ethereum and Solana are considering ways to reduce token issuance, but demand is likely to be the key factor shaping prices, an analysis said. Galaxy Research said discussion is under way on revamping issuance structures on both networks, but where tokens go is determined by demand. Ethereum is weighing an EIP proposal to cut validator rewards as staking rises, while Solana is advancing governance proposals to accelerate disinflation and burn more fees.

Crypto

US government bitcoin holdings still unclear a year after strategic reserve launch

More than a year after the United States launched a strategic bitcoin reserve fund, the government has not disclosed how much bitcoin it can actually count as reserves, fuelling controversy. Market estimates range widely, reflecting uncertainty over which coins have cleared final forfeiture and belong to the Treasury without legal obligations such as victim compensation. High-profile cases, including Bitfinex-related recoveries and a major civil forfeiture suit, have added to confusion.