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Crypto

U.S. police union backs Clarity Act revision, Coinbase urges Senate to take position

A large U.S. law enforcement organisation has publicly backed the latest revision to the Clarity Act, prompting Coinbase to press the Senate to clearly state whether it supports the amendment. Coinbase Chief Legal Officer Paul Grewal called for a public position after the Fraternal Order of Police declared support. The group said the revised bill reflects its concerns while preserving enforcement powers to investigate crypto-related crime.

Crypto

U.S. Senate Banking chair seeks to pass Clarity Act, hopes for clearer rules

U.S. Senate Banking Committee Chairman Tim Scott (팀 스콧) publicly voiced support for pushing through the Clarity Act, a bill setting a regulatory framework for the U.S. cryptocurrency market. The remarks followed Senator Cynthia Lummis releasing a revised draft. The proposal, developed jointly by the Senate Banking and Agriculture committees, outlines a shared regulatory structure for crypto and digital commodities in the United States.

Crypto

U.S. CFTC chair urges Congress to pass CLARITY Act

Michael Selig, a commissioner at the U.S. Commodity Futures Trading Commission, urged Congress to quickly pass the CLARITY Act, a crypto market structure bill. He warned that further delays could leave regulators setting rules agency by agency without a comprehensive federal framework. Negotiations in the Senate are in the final stage, with debates continuing over ethics provisions tied to Donald Trump’s family crypto business, DeFi regulation, illicit finance measures and developer protections, including Section 604 and the BRCA.