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Crypto

U.S. CLARITY Act revised draft expected this week as ethics provision stalls ahead of Senate vote

The U.S. Senate may release a merged draft of the CLARITY Act, a broad bill to regulate crypto market structure, this week. Work to combine versions prepared by the Senate Banking and Agriculture committees is nearing completion, but negotiations continue over key provisions, including ethics rules and the scope of decentralized finance regulation. A floor vote timeline remains uncertain as lawmakers debate which digital asset intermediaries should face registration, surveillance and anti-money laundering obligations.

Crypto

U.S. CFTC chair urges Congress to pass CLARITY Act

Michael Selig, a commissioner at the U.S. Commodity Futures Trading Commission, urged Congress to quickly pass the CLARITY Act, a crypto market structure bill. He warned that further delays could leave regulators setting rules agency by agency without a comprehensive federal framework. Negotiations in the Senate are in the final stage, with debates continuing over ethics provisions tied to Donald Trump’s family crypto business, DeFi regulation, illicit finance measures and developer protections, including Section 604 and the BRCA.

Crypto

U.S. senator urges keeping developer protections in CLARITY Act, key dispute emerges

U.S. Democratic Senator Ron Wyden (론 와이든) urged Senate leaders to retain a provision protecting blockchain developers in the CLARITY Act, a crypto market structure bill. The dispute has widened between calls to provide legal clarity for developers and concerns it could weaken oversight of illicit finance. Wyden wants Section 604, known as the Blockchain Regulatory Certainty Act, included in the final text. Law enforcement groups and civic organisations warn the exemption could be too broad.