| Mobile Web

Search results for Galaxy Research

Crypto

U.S. CLARITY bill keeps clashing over crypto ethics, momentum cools rapidly

The U.S. Senate’s CLARITY crypto market structure bill is losing momentum amid a partisan fight over how to enforce ethics provisions. A key dispute is whether state attorneys general should be able to sue the Justice Department if the federal government fails to enforce crypto ethics rules. Some Republicans and the White House have stepped back from earlier enforcement proposals, while Democratic senators who backed the bill in committee are not promising support on the Senate floor.

Crypto

Bitcoin holds $60,000 but faces triple pressure from CLARITY Act, Strategy and XRP

Cryptocurrency markets sank into an “extreme fear” phase as bitcoin neared a break of the $60,000 support level. U.S. spot bitcoin ETFs logged 13 straight sessions of net outflows, with cumulative withdrawals of about $4.37 billion. Passage prospects for the U.S. CLARITY Act this year fell again amid Senate scheduling hurdles. XRP holders showed limited selling despite a 66 percent drop from its peak, while Ripple pushes RLUSD and institutional ecosystem expansion.

Crypto

New York court pauses lawsuit seeking ownership of 39,069 dormant bitcoin wallets

A New York court has temporarily paused proceedings in a lawsuit seeking to transfer ownership of tens of thousands of bitcoin wallets to the plaintiffs. The pause will remain in place until a July 14 hearing on an amicus brief. The case targets 39,069 addresses claimed to be lost or abandoned, but a recent transfer of about 35.55 bitcoin from a long-dormant address linked to the lawsuit has raised questions about that assertion.