Search results for Chuck Schumer
Crypto
Pressure builds for Clarity Act Senate vote, but prediction markets see August deadline unlikely
The cryptocurrency industry has stepped up public pressure on the U.S. Senate to move the Clarity Act to a floor vote. More than 200 companies and groups urged Senate leaders to act without delay, arguing that a lack of federal rules pushes activity overseas. Opponents have also mobilised, citing weaknesses in anti-money laundering provisions, ethics rules and stablecoin-related gaps. Prediction markets and some institutional forecasts have lowered estimates for passage before August.
Crypto
Crypto industry urges U.S. Senate to vote on CLARITY Act as Coinbase, Ripple join
More than 200 cryptocurrency companies and industry groups, including Coinbase, Ripple, Kraken, Andreessen Horowitz, Circle and Binance.US, urged U.S. Senate leaders to hold a floor vote on the CLARITY Act. The bill passed the Senate Banking Committee on May 14, 15-9, but still needs 60 votes on the Senate floor and further steps. Analysts are divided on passage this year, with debate including stablecoin interest-like rewards.
Crypto
Bitcoin in focus as U.S. government faces partial shutdown risk
Financial and cryptocurrency markets are on edge as the U.S. federal government faces a partial shutdown risk, though analysts see the impact as limited. Of 12 budget bills, 6 have passed, and past shutdown threats often end in last-minute deals. Polymarket put the chance of a Jan. 31 shutdown at 75 percent, with bets topping $13.3 million. Bitcoin ETFs saw $1.33 billion of net outflows, attributed mainly to Fed policy and big tech earnings.
