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Crypto

Seven U.S. Democratic senators oppose release of current CLARITY bill draft, call for fixes to key provisions

A U.S. Senate crypto market structure bill known as the CLARITY bill faces public opposition from seven Democratic senators, clouding prospects for passage this year. The senators said the current draft fails to adequately address key issues including ethics rules for elected officials, consumer protection, illicit finance prevention, conflicts of interest and market integrity. Republicans released a revised draft the same day, while party leaders said they plan to proceed with a vote soon.

Crypto

Clarity bill progress highlights regulatory clarity as U.S. institutional money moves into XRP

U.S. institutional money is moving into spot XRP exchange-traded funds, with daily net inflows of $5.66 million, while $698,040 left Hyperliquid-related funds, U.Today reported. The shift comes as U.S. Senate talks on the Clarity bill pick up pace. The bill would place oversight of digital commodities under the CFTC, leaving only securities-classified tokens to the SEC. Other altcoin spot ETF flows remain largely stalled.

Crypto

U.S. Republicans release revised CLARITY bill package as vote nears amid ethics provision dispute

U.S. Senate Republicans released a revised, consolidated version of the CLARITY bill to set a federal framework for digital asset market structure, as the crypto industry urges a floor vote before the summer recess. Democrats are strongly opposing ethics provisions and expanded Justice Department authority, seen as key obstacles to passage. With 60 votes required, Republicans need at least seven Democratic votes. The Senate is expected to recess in about two weeks.