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Crypto

U.S. Senate Republicans unveil Clarity Act revision banning federal officials from issuing tokens

U.S. Senate Republicans unveiled a revision to the digital asset market structure bill known as the Clarity Act that includes an ethics provision banning the president and all federal officials from issuing or sponsoring tokens until 2029. The draft also restricts crypto platforms from listing assets issued or backed by federal officials. Enforcement would be handled by the Justice Department. The bill’s Senate prospects remain uncertain and would require some Democratic support.

Crypto

OpenUSD aims to reshape stablecoin revenue model, compete head-on with USDC

OpenStandard has unveiled OpenUSD, a stablecoin that shares reserve income with distribution and payment partners rather than paying returns directly to holders. The project is positioned as a shared infrastructure with more than 140 named partners, including Visa, Stripe and Coinbase. Key disclosures such as supply, redemption history and reserve details have not been released, with launch expected in late 2026. The model comes as U.S. policymakers debate restricting yield on payment stablecoin balances.

Crypto

Trump pro-crypto push prompts U.S. SEC, Ripple to call for CLARITY Act passage

U.S. securities regulators, Senate Republicans and Ripple Labs have issued support messages for the CLARITY Act, a crypto market structure bill, pressing for action in the full Senate. The statements followed President Donald Trump’s post pledging to make the United States the world’s crypto capital and criticising former SEC Chair Gary Gensler. SEC Chair Paul Atkins said the era of enforcement-driven regulation was over. The bill cleared the Senate Banking Committee 15-9.