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Crypto
White House reviews ethics wording in Clarity Act as weekend seen as final test
The U.S. Senate’s cryptocurrency market structure bill, the Clarity Act, has entered a White House review stage, keeping alive the chance of a late vote. With the Senate nearing recess, lawmakers face a tight window to reach agreement. Revised ethics language has been sent to the White House for internal review, while Senate leaders have yet to set a clear schedule. The timing of a cloture motion is seen as decisive for a weekend vote.
Crypto
U.S. Clarity Act deadline nears ahead of August recess as Trump says Senate must pass it
The U.S. Senate is nearing a deadline to take up, debate and vote on the Clarity Act before the August recess, Bitcoin Magazine reported. The bill would clarify jurisdiction between the SEC and the CFTC over digital assets. President Donald Trump urged the Senate to pass it, citing competition from China and others. Talks continue on revised text, with disputes over developer protections and ethics rules tied to Trump’s crypto business.
Crypto
Bitcoin weak even as U.S. stocks rise, resembling 2018 and 2022 bear markets
Bitcoin is again facing downward pressure ahead of the release of U.S. inflation data. It slid about 1.2 percent on June 9 as Wall Street opened and moved toward lows in the $62,000 range, while U.S. stock indexes opened higher. Some traders said a break above $65,000 would signal a shift higher, but others said the move resembles past bear markets after Bitcoin fell below key technical levels.