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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.

Finance

KakaoPay Securities CEO says it aims to reach 20 million investors within three years

KakaoPay Securities set a goal of reaching 20 million investors within three years by rolling out an AI investment agent and leveraging Kakao affiliate platforms. It plans to launch a service for U.S. investors to invest in South Korean stocks in the first half of next year and is reviewing 24-hour trading through tokenisation. The company also plans to expand investment banking, focus on venture capital and pursue a stock-gifting programme.

Crypto

Gate Europe CEO says even MiCA-licensed crypto firms may leave EU if they cannot bear costs

Some companies that have secured licences under the European Union’s MiCA crypto regime may still leave the market because they cannot bear high compliance costs, Gate Europe CEO Giovanni Cunti said. He said tougher requirements make it increasingly difficult for new entrants to compete and may reduce room for innovation compared with less regulated regions. ESMA has continued to add authorised firms, bringing the total to 294.