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Crypto

WSJ says CLARITY bill could become new risk to financial system, urges last-minute changes

Concerns have emerged that the U.S. Senate’s proposed CLARITY bill, while improving regulatory clarity, could create new risks for the financial system. The Wall Street Journal editorial board said the bill could reduce uncertainty by more clearly dividing oversight between the SEC and CFTC. It urged changes to provisions affecting stablecoin rewards and exemptions from AML and KYC obligations for parts of decentralized networks. Industry figures rejected the criticism.

Crypto

Bitcoin holds near $64,000 as Bitwise, Coinbase chiefs say fundamentals, not price, driving crypto

Bitcoin is trading sideways around $64,000, but U.S. crypto industry leaders say the market’s focus is shifting from price moves to fundamentals. Bitwise CEO Hunter Horsley and Coinbase CEO Brian Armstrong say technology integration and real-world blockchain use are now advancing faster than prices. They point to tokenisation, stablecoin growth and wider smart-contract use. The U.S. regulatory outlook, including a Clarity bill vote, is also in focus.

Crypto

SEC commissioner Hester Peirce says she is optimistic Clarity Act will pass

U.S. Securities and Exchange Commission commissioner Hester Peirce, who is nearing the end of her term, said she is optimistic the Clarity Act will pass. She said passage would clearly divide authority among regulators over the crypto spot market and give the industry, investors and authorities clearer standards. Peirce also said substantial rulemaking would follow any passage, while stressing the SEC would not stand idle even if the bill fails.