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Crypto

Clarity Act vote set for Sept. 15; French Hill says bipartisan passage expected

The U.S. Congress is set to vote on the crypto market structure Clarity Act on Sept. 15, with bipartisan cooperation seen as the key variable. Republican Representative French Hill said passage before the midterm elections would require Democrats and Republicans to work together and that the parties have narrowed differences over drafting. Debate has been delayed by conflicts over stablecoin customer yields and a new ethics-focused draft.

Crypto

U.S. SEC chair says expects Clarity bill to pass Senate this month

U.S. Securities and Exchange Commission chair Paul Atkins said he expects the \"Clarity\" bill, which sets standards for classifying cryptocurrencies, to pass the Senate this month. He said a vote is scheduled for Sept. 15 and he hopes the bill will be signed by the president. Atkins said regulators are modernising rules for the blockchain era, while the SEC and CFTC continue to build policy frameworks separately from legislation.

Crypto

BitGo CEO says quantum computers not an immediate threat to bitcoin

Bitcoin’s cryptography could face a long-term threat from quantum computers, but the current technology does not pose a major immediate risk, an assessment said. BitGo co-CEO Mike Belshe said there is no quantum computer that can threaten bitcoin right away, citing the limitations of existing systems. He said the industry is preparing for long-term risks and noted BitGo has launched a quantum-resistant wallet that is not yet complete.