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Search results for May 7

Crypto

U.S. Clarity Act hearing reset to July 17, slowing legislative timeline

The U.S. House Financial Services Committee will hold a hearing on the Clarity Act, a crypto market structure bill, in New York on July 17, making completion of legislation before July 4 far less likely. With the schedule reset, coordination between the House and Senate drafts and a Senate floor vote have emerged as key variables. Senate procedures remain unresolved, including the need to secure 60 votes for cloture and to reconcile committee versions and additional provisions.

Crypto

XRP Ledger overtakes Ethereum, Solana in 90-day RWA inflows as market interest surges

XRP Ledger (XRPL) has outpaced major blockchains including Ethereum and Solana in net inflows into tokenised real-world assets over the past 90 days, according to a report cited by CryptoSlate. XRPL’s inflows totalled $1.9 billion, exceeding Ethereum and Stellar. Ethereum still accounts for 52.8 percent of total tokenised RWA value tracked by RWA.xyz. Stablecoin activity on XRPL rose, while XRP trading concentrated in South Korea, especially on Upbit.

Crypto

U.S. CLARITY Act delayed by ethics impasse, July 4 enactment goal in doubt

The U.S. market-structure bill for cryptocurrencies, the CLARITY Act, has entered a phase where meeting a July 4 enactment goal is effectively difficult, with the Senate having only nine session days left and no bipartisan agreement on key issues. Talks have stalled over ethics provisions related to Donald Trump, while law-enforcement groups have raised concerns about provisions they say could hinder money-laundering investigations and prosecutions.