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Crypto

U.S. Senate Republicans revise Clarity bill to bar officials from issuing or holding crypto

U.S. Senate Republicans released a final revised version of the Clarity bill to win Democratic support for a crypto market-structure measure. The 635-page text includes ethics rules accepted by President Donald Trump, protections for blockchain developers and changes to stablecoin reward provisions. It would bar federal officials from issuing, sponsoring or holding significant financial interests in digital assets and allow enforcement by state attorneys general. Violations could draw civil penalties up to $500,000.

Crypto

U.S. House abruptly cuts September session ahead of Clarity Act vote

The U.S. House has cancelled its late-September session, raising the likelihood that action on the Clarity Act, a crypto market structure bill, slips until after the midterm elections. House Republicans cancelled the final two weeks of the September session and plan to return on Sept. 14 for about one week. The Senate returns the same day and is set to hold an initial procedural vote on Sept. 15, but the bill would still require further steps including House approval and a presidential signature.

Crypto

XRP is already a digital commodity; what would change if U.S. Clarity bill passes

XRP is already classified as a digital commodity under U.S. federal regulators’ interpretation, but a Clarity bill due for a September vote could закрепить that status in law and set up oversight of spot markets. The SEC and CFTC named XRP a digital commodity in March, but SEC Chair Paul Atkins said congressional legislation is needed to prevent reversals. Despite spot ETF launches, inflows have slowed. Senate procedure and timing remain uncertain.