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Crypto

U.S. CLARITY bill faces possible delay as Congress recess nears, vote uncertain

Prospects for passing the U.S. CLARITY bill setting a regulatory framework for digital assets have dimmed again ahead of a five-week congressional recess. Market expectations of a vote may be pushed back as lawmakers prioritise other legislation. Although the bill passed the House on a bipartisan basis last year, it remains deadlocked this year as ethical provisions and political burdens draw growing attention. Banking opposition also remains a hurdle.

Crypto

Kenya uploads 30 million education records to Avalanche blockchain

Kenya has launched a blockchain-based education verification system that has uploaded more than 30 million academic records to the Avalanche network. Cointelegraph reported that the Kenya National Examinations Council introduced the system to reduce forged academic certificates and make verification easier. KNEC and Avalanche said it aims to address thousands of counterfeit certificates reported annually in Kenya. They did not disclose how widely the system is being used.

Crypto

JPMorgan says Clarity Act stall could be headwind for crypto market

JPMorgan said uncertainty in the cryptocurrency market is rising as the chances of the U.S. Senate passing the Clarity Act this year decline. It said delays could slow growth in institutional investment and blockchain financial infrastructure. Prediction markets cut approval odds to 37 percent on Kalshi and 26 percent on Polymarket. JPMorgan cited unresolved disputes over ethics rules, agency powers, stablecoin interest and DeFi.