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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

Ripple partners with Notabene, integrates RLUSD into B2B payments platform

Ripple is investing in compliance infrastructure firm Notabene and integrating its dollar-pegged stablecoin RLUSD into Notabene’s B2B payments platform, Notabene Flow. The companies plan to widen RLUSD’s use in institutional payments and review a compliance framework compatible with Ripple Payments. Notabene said it connects more than 2,300 institutions across over 100 jurisdictions and has annualised transaction volumes exceeding $2 trillion.