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Crypto
84 percent of U.S. Democratic voters view crypto less favorably than oil firms, poll shows, complicating CLARITY Act vote
Strong negative views of the cryptocurrency industry among Democratic supporters are adding pressure on efforts to advance the CLARITY Act, a crypto regulation bill facing a procedural vote this week. A poll by Nornington Petts found 84 percent of Democratic primary voters were unfriendly toward candidates backed by the crypto industry. Industry figures stress bipartisan progress, but some Democratic senators say the Republican draft falls short, and prediction markets assign modest odds of final passage.
Crypto
U.S. senator calls crypto \'currency of choice for crooks\' as CLARITY Act fight intensifies
Democratic Senator Richard Blumenthal renewed criticism of cryptocurrencies, calling them a tool used for crime and opposing efforts to ease regulation. He cited testimony from romance-scam victim Lori Flowers and said criminals need crypto to succeed. The dispute has shifted to the CLARITY Act, backed by Republicans, which aims to clarify digital asset rules. Other Democrats, including Elizabeth Warren, have also criticised the bill and warned consumer protections are insufficient.
Crypto
Coinbase legal chief to shift to advisory role as U.S. crypto regulatory response reshaped
Paul Grewal will step down as Coinbase chief legal officer at the end of this month and move into an advisory role, with the legal organisation to be reshaped. He said Molly Abraham and Ryan VanGrack will take on roles overseeing legal counsel and serving as vice chair. Grewal’s next move has not been detailed. The change comes as Coinbase remains engaged in U.S. crypto policy and legislation, including the Clarity bill.
