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Crypto

Would a bank charter make crypto safer? Two sides of U.S. federal trust bank approval

An analysis says crypto firms may not fully escape political pressure or supervisory risks even if they obtain a U.S. federal trust bank charter. The charter can strengthen legal standing for custody while bringing firms into direct oversight by the Office of the Comptroller of the Currency. The article contrasts interpretations of Silvergate’s liquidation and notes conditional approvals for several trust bank moves. It adds that regulators retain control through approval conditions and revised supervisory rules.

Crypto

U.S. Clarity Act may be last real chance this year; failure could push it to 2030

The U.S. Senate is moving to take up the Clarity Act, a cryptocurrency market-structure bill, but analysts warn failure to pass it this year could increase the chances it is redesigned in the new Congress in 2027 or effectively scrapped. A cloture vote is set for Sept. 15 and will require 60 votes, including some Democratic support. Lawmakers face a shrinking legislative calendar and uncertainty over control after November midterm elections.

Crypto

U.S. Clarity Act vote nears as crypto industry and banks clash in last-minute lobbying

With the U.S. Senate set to hold a procedural vote on the Clarity Act on Sept. 15, lobbying by the cryptocurrency industry and regional banks is spreading to senators’ home states. Both sides used the August recess to press their case through local events, meetings, op-eds, calls, emails and advertising. The bill would set federal rules for digital assets and split oversight between the SEC and CFTC, with stablecoin reward provisions a key flashpoint.