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Crypto

Warren says CLARITY bill helps criminals, cartels and fails to stop Trump profiting

A dispute over the U.S. Senate’s digital asset regulation bill, the CLARITY Act, is intensifying again. Democratic Senator Elizabeth Warren criticised the bill, saying it would make it easier for criminals, cartels and terrorists to move money and raise funds, and would not properly protect investors or the financial system. She also said it fails to prevent President Donald Trump from profiting from crypto. Republicans say revisions include an ethics clause banning federal officials and their families from issuing or sponsoring digital assets.

Crypto

Will XRP enter the financial mainstream faster? Key lies in U.S. Clarity Act

A U.S. “Clarity” bill under discussion in Congress could be a key factor in expanding institutional adoption of XRP, an analysis said. Developer Vincent Van Code said XRP’s legal status is clearer after a 2023 court ruling in the SEC-Ripple case, but uncertainty remains because it is not federal law. He said many institutions want clear legal guidelines before committing capital. Senate talks are accelerating ahead of the August recess.

Crypto

White House says ethics provisions are sufficient, Democrats say still not enough as CLARITY Act dispute continues

The U.S. Senate\'s CLARITY crypto market-structure bill has hit renewed hurdles as Republicans and Democrats remain divided over ethics provisions. Republicans unveiled revisions barring senior officials from issuing or sponsoring digital assets and requiring disclosures for sales above $1,000. Democrats said safeguards on ethics, illicit finance and conflicts of interest remain insufficient. The White House said differences have narrowed, but votes remain uncertain ahead of the August recess.