Senate Showdown: Ethics Dispute Threatens Clarity Act's August Timetable
Democrats reject GOP ethics language in Clarity Act as Senate Majority Leader Thune casts doubt on pre-recess vote, leaving crypto market structure bill in limbo.
3 min read
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Goldman Sachs Backs Clarity Act, Exposing Deep Wall Street Rift on Crypto Rules
Goldman Sachs CEO David Solomon endorses the Clarity Act, breaking with JPMorgan and banking groups over stablecoin yield and digital asset regulation.
4 min read
Lightning Labs Unveils Wavelength: Simplifying Bitcoin Integration for Developers and AI
Lightning Labs launches Wavelength, a toolkit enabling seamless Bitcoin payments via non-custodial API, lowering barriers for developers and AI agents while expanding Lightning Network adoption.
3 min read
Senate Clarity Act Draft: Officials Banned From Issuing Crypto, Sunset Set for 2029
A new Clarity Act draft introduces a crypto ethics ban on federal officials issuing digital assets, with provisions expiring in 2029, as Senate Republicans push for final legislative passage.
5 min read
Open USD Challenge Threatens USDC Dominance, Says CoinShares
CoinShares warns Open USD's profit-sharing model could undermine Circle's USDC dominance by 2026, challenging its margin structure.
2 min read
Venezuela Oil-for-Crypto Scheme: $230M Vanishes in Polish Energy Giant Scandal
Poland's state energy firm Orlen lost $230M in a failed attempt to purchase Venezuelan oil with cryptocurrency. The deal, involving Tether, collapsed amid allegations of fraud and reliance on insecure USB drives for key information.
2 min read
Venezuela Oil-for-Crypto Scheme: $230M Lost in Failed Polish Deal
A covert operation by Poland's state energy company, Orlen, to purchase Venezuelan oil using cryptocurrency has reportedly failed, resulting in a loss of $230 million. The deal, involving Tether (USDT) and USB drives, unravels a complex tale of sanctions evasion and alleged mismanagement.
3 min read
Banking Lobbyists Push for Tighter Stablecoin Rules in Clarity Act
US banking associations are lobbying senators to reinforce stablecoin regulations within the proposed Clarity Act, expressing concerns that the current draft could destabilize traditional banking by incentivizing deposit shifts to stablecoins.
3 min read
US Banking Groups Push for Stronger Stablecoin Rules in Clarity Act
Leading US banking groups are advocating for amendments to the Clarity Act, expressing concerns that the current draft could undermine traditional banking institutions by enabling stablecoins to function as deposit substitutes. This move signals ongoing tension between traditional finance and the burgeoning crypto sector.
3 min read