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Crypto

Galaxy Digital CEO says U.S. CLARITY Act likely to pass by June

U.S. cryptocurrency regulation bill CLARITY could become law as early as June, Galaxy Digital CEO Mike Novogratz said. He said the bill may be finalized in May and move to a signing stage in June. The measure sets standards for digital assets, creating a national regulatory framework and dividing oversight by classifying some assets as securities and others as commodities. The process has slowed in the Senate amid stablecoin provisions and bank concerns.

Crypto

U.S.-China rivalry spills into cryptocurrency with diverging strategies on bitcoin

The U.S. Department of Defense is operating bitcoin nodes to run network security tests, in its first official acknowledgement of such activity, as competition intensifies over using bitcoin as a national security asset. Admiral Samuel Paparo Jr said bitcoin is linked to national security and has cyber applications beyond its economic value. Iran, Taiwan and Russia are also considering or using bitcoin in payments or reserves. U.S.-China tensions extend to seized holdings and mining supply chains.

Crypto

U.S. Senator Lummis backs using bitcoin for national security, urges fast passage of Clarity Act

U.S. Republican Senator Cynthia Lummis (신시아 루미스) urged Congress to move quickly on the Clarity Act after testimony that the U.S. Indo-Pacific Command is running real-time bitcoin nodes and testing the protocol for military network security. The debate is about bitcoin’s potential use in military and security infrastructure, not its price. Lummis warned legislative momentum could fade until at least 2030 if the Senate Banking Committee does not advance the bill by April 25.