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Crypto

Ripple CLO calls for supplements, not brakes, on U.S. stablecoin rules, says self-custody right must be protected

User protection and the right to hold assets in personal wallets have emerged as key issues in detailed U.S. stablecoin implementation rules, the National Cryptocurrency Association said in comments to the Treasury on rules tied to Section 3 of the GENIUS bill. Signed by NCA President and Ripple chief legal officer Stuart Alderoty (스튜어트 알데로티), the submission backs 100% reserve requirements while seeking safeguards against automatic freezes, a safe-harbor window, clearer grounds for reissuing stablecoins under court orders, and limits on regulating non-custodial wallets and software providers.

Crypto

Michael Saylor says bitcoin to keep moving forward despite CLARITY bill failure

Michael Saylor (마이클 세일러) said he maintains expectations for growth in bitcoin and the broader crypto market even after the U.S. Senate failed to pass the CLARITY bill. He said the setback does not signal the end of bitcoin or the crypto ecosystem and argued that clarity can be built under existing laws. He pointed to roles for the SEC, CFTC and the U.S. Treasury, and said banks could expand bitcoin custody and lending services. He also said stablecoins could advance separately, citing the GENIUS bill.

Crypto

Focus shifts to lame-duck session after U.S. Senate blocks Clarity Act debate motion

The U.S. Senate rejected a procedural motion to begin considering the Clarity Act, which would set a regulatory framework for digital assets and delineate oversight roles for the SEC and CFTC. The vote failed 49 to 50, well short of the 60 votes needed. Democrats raised concerns over ethics provisions tied to President Donald Trump and crypto-related business, citing conflicts of interest and investor protection. Republicans said the bill was not finished and could return in the lame-duck session.