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Crypto

U.S. police union backs Clarity Act revision, Coinbase urges Senate to take position

A large U.S. law enforcement organisation has publicly backed the latest revision to the Clarity Act, prompting Coinbase to press the Senate to clearly state whether it supports the amendment. Coinbase Chief Legal Officer Paul Grewal called for a public position after the Fraternal Order of Police declared support. The group said the revised bill reflects its concerns while preserving enforcement powers to investigate crypto-related crime.

Crypto

Warren says CLARITY bill helps criminals, cartels and fails to stop Trump profiting

A dispute over the U.S. Senate’s digital asset regulation bill, the CLARITY Act, is intensifying again. Democratic Senator Elizabeth Warren criticised the bill, saying it would make it easier for criminals, cartels and terrorists to move money and raise funds, and would not properly protect investors or the financial system. She also said it fails to prevent President Donald Trump from profiting from crypto. Republicans say revisions include an ethics clause banning federal officials and their families from issuing or sponsoring digital assets.

Crypto

U.S. Senate Banking chair seeks to pass Clarity Act, hopes for clearer rules

U.S. Senate Banking Committee Chairman Tim Scott (팀 스콧) publicly voiced support for pushing through the Clarity Act, a bill setting a regulatory framework for the U.S. cryptocurrency market. The remarks followed Senator Cynthia Lummis releasing a revised draft. The proposal, developed jointly by the Senate Banking and Agriculture committees, outlines a shared regulatory structure for crypto and digital commodities in the United States.