Search results for Michael Selik
Crypto
Bitcoin and gold rise together as dollar weakens, scarce assets gain
Bitcoin has risen 23.2 percent over the past seven days to above $78,000, while gold has also climbed and the dollar has weakened. The move gathered pace after the U.S. Treasury said it would increase its plan to buy long-term government bonds by at least two times. Analysts cited shifting institutional sentiment and a narrative of bitcoin as a digital hedge, though others said it was too early to read it as a collapse in dollar confidence.
Crypto
U.S. SEC delays crypto regulation meeting, possibly mindful of Clarity Act
The U.S. Securities and Exchange Commission delayed a planned meeting on crypto regulation after a reported request from the White House. Foreign media reports said the White House feared talks on a crypto fundraising rule and an exemption for securities-token trading could complicate congressional negotiations over the Clarity Act. Market participants also cited potential opposition from SIFMA and possible litigation. Policy discussions are expected to continue this week, including events at the White House.
Crypto
U.S. Senate faces tight timetable on Clarity crypto market structure bill with 36 legislative days left in 2026
The U.S. Senate has 36 legislative days left this year to handle the Clarity bill, a crypto market structure measure, after its summer recess. A vote on cloture is expected after senators return in September, but further hurdles remain, including unresolved ethics language and possible added limits on firms offering stablecoin rewards. Regulators including the SEC and CFTC have signalled they could act if Congress does not.
