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Crypto

Binance makes 198 service improvements in first half, incorporating 2,354 user feedback items

Binance said it made 198 functional improvements across 47 service areas in the first half of the year based on user feedback. It said it received 2,354 feedback items from users worldwide from January to June and revamped services and features. Key areas included P2P, Binance Chat, Binance Wallet, account experience and navigation. It also outlined expansions of Binance Pay and Binance Card and reported handling 36,235 law enforcement requests in the first half.

Crypto

WSJ says CLARITY bill could become new risk to financial system, urges last-minute changes

Concerns have emerged that the U.S. Senate’s proposed CLARITY bill, while improving regulatory clarity, could create new risks for the financial system. The Wall Street Journal editorial board said the bill could reduce uncertainty by more clearly dividing oversight between the SEC and CFTC. It urged changes to provisions affecting stablecoin rewards and exemptions from AML and KYC obligations for parts of decentralized networks. Industry figures rejected the criticism.

Crypto

CLARITY Act needs 60 Senate votes, odds of passage in 30 percent range amid late hurdles

The CLARITY Act, a key bill to restructure the U.S. cryptocurrency market, has entered last-minute talks ahead of Congress\' recess, but its chances of passing this year remain low. The Senate is trying to act before its August break, but the measure is not yet on the published floor schedule. Securing 60 votes is the biggest hurdle, with ethics rules, stablecoin rewards, AML and consumer protections also unresolved.