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Crypto

U.S. CLARITY Act fails to advance in April, faces crossroads of passage or collapse

The U.S. Senate’s CLARITY Act, a digital asset market structure bill, is unlikely to move in April, but may retain momentum if a committee review is held in May. Senate officials and lobbyists see a July floor vote as key to maintaining a realistic chance of passage this year. Conflicts over stablecoin rewards, tight legislative schedules and political demands, including ethics provisions, continue to cloud prospects.

Crypto

Crypto Hot Issue: Crypto regulation stalls as South Korea shows distinct love for altcoins

South Korean brokerages are accelerating their push into digital assets, while the financial sector says regulatory gaps are holding back market entry despite infrastructure being largely ready. An analysis said South Korea accounts for about 30 percent of global cryptocurrency trading volume, with investors heavily focused on altcoins rather than bitcoin. In the United States, delays to the CLARITY Act have added uncertainty, while XRP posted weekly gains and inflows into spot ETFs rose.

Crypto

U.S. senator urges delay of CLARITY Act until May as bank-crypto split persists

A U.S. Senate Banking Committee review of the crypto market structure CLARITY Act is increasingly likely to slip beyond April. Punchbowl News, cited by Cointelegraph, reported that Republican Senator Thom Tillis urged Chairman Tim Scott to move the bill’s markup to May. The key dispute is a stablecoin interest provision, with banks warning of deposit outflows and the crypto industry seeking more flexible rules. A lobbying group urged swift action.