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Crypto

SEC chair reaffirms crypto regulatory push despite CLARITY bill hurdles

The U.S. Securities and Exchange Commission has reaffirmed its plan to build a comprehensive cryptocurrency regulatory framework despite legislative uncertainty in Washington. SEC Chair Paul Atkins said on X that the agency would continue its fight to provide a common-sense and comprehensive U.S. crypto market structure. His remarks come as uncertainty rises around the CLARITY bill, which failed to clear a procedural threshold in the Senate on Sept. 15.

Crypto

U.S. bank groups seek to tighten Clarity Act stablecoin rewards limits

Concerns are rising in both the banking sector and the crypto industry over the final version of the Clarity Act ahead of a U.S. Senate procedural vote. Eight U.S. banking groups asked Senate leaders to strengthen limits on stablecoin rewards, warning the revised bill could allow payments similar to deposit interest. Crypto industry figures also criticized the amendment for omitting protection from federal criminal prosecution for certain developers. The Senate plans a procedural vote on Sept. 16, requiring 60 votes to advance.

Crypto

Trump speed push meets caution from U.S. senator over crypto Clarity Act

U.S. Democratic Senator Ruben Gallego warned that rushing a vote on the Clarity Act could set back legislation on crypto market structure. He said forcing a vote without resolving ethics rules and stablecoin revenue issues could undo progress made so far. Speaking at a blockchain symposium in Wyoming, Gallego urged the industry to support further bipartisan talks. President Donald Trump pressed Congress to pass a “fair version” of the bill, while Senate leaders have delayed action until September.