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Crypto

Coinbase, Circle pull ahead as U.S. Clarity Act delay creates regulatory polarisation

As the U.S. Senate’s Clarity Act stalls, analysts say big crypto firms such as Coinbase and Circle are benefiting from the regulatory delay, while smaller companies, DeFi projects and community banks bear heavier uncertainty. Ark Invest increased holdings in Coinbase and Circle, and Circle secured federal national trust bank approval in July. The bill has grown in length, would split SEC and CFTC oversight, and impose disclosure, registration and AML duties. Bitcoin has slipped, and spot ETF inflows hit a monthly low.

Crypto

WSJ says CLARITY bill could become new risk to financial system, urges last-minute changes

Concerns have emerged that the U.S. Senate’s proposed CLARITY bill, while improving regulatory clarity, could create new risks for the financial system. The Wall Street Journal editorial board said the bill could reduce uncertainty by more clearly dividing oversight between the SEC and CFTC. It urged changes to provisions affecting stablecoin rewards and exemptions from AML and KYC obligations for parts of decentralized networks. Industry figures rejected the criticism.

Crypto

84 percent of U.S. Democratic voters view crypto less favorably than oil firms, poll shows, complicating CLARITY Act vote

Strong negative views of the cryptocurrency industry among Democratic supporters are adding pressure on efforts to advance the CLARITY Act, a crypto regulation bill facing a procedural vote this week. A poll by Nornington Petts found 84 percent of Democratic primary voters were unfriendly toward candidates backed by the crypto industry. Industry figures stress bipartisan progress, but some Democratic senators say the Republican draft falls short, and prediction markets assign modest odds of final passage.