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Crypto

U.S. crypto Clarity Act clash pits Ripple CEO against JPMorgan\'s business model

Ripple CEO Brad Garlinghouse rebutted JPMorgan CEO Jamie Dimon over the U.S. Clarity Act, saying Dimon is distorting the bill and should be clearer about why he wants to keep the current system. The dispute focuses on a provision allowing platforms such as Coinbase to offer rewards to users who deposit stablecoins. Garlinghouse said JPMorgan opposes the bill to protect its existing business model. The bill has cleared a Senate committee vote but still needs final Senate approval.

Crypto

Delaware and New Jersey advance bills to ban cryptocurrency ATMs

Delaware and New Jersey have each moved bills to ban cryptocurrency ATMs to the floor of their legislatures. The proposals would prohibit the ownership, installation and operation of crypto ATMs, driven by concerns they are mainly used for fraud. Delaware’s bill would require existing machines to be removed within 90 days if enacted and includes fines and refund requirements. Supporters cite FBI data showing complaints and losses rising in 2025.

Crypto

Y Combinator urges swift Senate passage of CLARITY bill

U.S. startup accelerator Y Combinator has publicly urged the Senate to pass the CLARITY bill, a digital asset market structure proposal. It said all YC companies would eventually use cryptocurrency technology, including stablecoins, and stressed the need for a regulatory framework. The company described blockchain as an “Internet of Assets” and cited use cases such as cross-border payroll and faster marketplace payouts. The bill would clarify oversight by asset type and includes customer protections.