Ex-CFTC leader to leave Blockchain Association after CLARITY vote fails

Former Blockchain Association CEO Kristin Smith will return as an interim leader for the cryptocurrency advocacy organization after Summer Mersinger announced her departure.

• Summer Mersinger is stepping down as CEO of the Blockchain Association due to the failure of a key legislative priority, the Digital Asset Market Clarity Act.
• Kristin Smith, former CEO, will return as interim leader for the cryptocurrency advocacy organization.
• Mersinger's tenure focused on advocating for regulatory clarity and the GENIUS Act for stablecoins, but the failure of the Clarity Act highlights ongoing legislative challenges in the US.

Topics: Legal regulatory, Jurisdictions, Political endorsements opposition, 3 1 securities law classification, 2 1 established hubs, 13 3 legislative debates

Tags: #blockchainassociation #summermersinger #kristinsmith #cftc #sec #genesisact #digitalassetmarketclarityact #washington #congress #stablecoins

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Can the US Bitcoin reserve bill survive Congress with 6% odds?

U.S House Financial Services Committee is set to hear and markup the Bitcoin reserve bill that was introduced back in May

• A U.S. bill to formalize a strategic Bitcoin reserve (H.R. 8957) is facing a low probability of passage through Congress due to a tight legislative calendar.
• The bill proposes holding BTC for 20 years and using future sales to offset national debt, while the U.S. government currently holds a significant amount of seized Bitcoin.
• Despite other nations like the UAE viewing Bitcoin as digital gold, the bill's chances of becoming law in 2026 are estimated at around 6%.

Topics: Political endorsements opposition, Bitcoin treasuries, Public debt, Pro innovation policy, Sovereign adoption, Tokenized us treasuries, Impact monetary policy

Tags: #bitcoinreservebill #congress #hr8957 #americanreservemodernizationact #nickbegich #strategicbtcreserve #nationaldebt #governmentholdings #uae #polymarket

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Banks Want More: Trade Groups Demand Stricter Stablecoin Limits in Clarity Act

Eight trade associations say exceptions for interest-like rewards could pull deposits from banks and reduce lending.

• Banking trade groups are urging stricter limits on stablecoin rewards in the Clarity Act, fearing they could pull deposits from traditional banks.
• They argue that exceptions for interest-like payments on stablecoins could reduce lending for mortgages, farms, and small businesses.
• The groups advocate for upfront prohibitions rather than a reactive 'circuit breaker' to protect banks and communities.

Topics: Legal regulatory, Banks bankingsystems, Public market, Securities law classification, Core banking integration, Token issuance distribution

Tags: #stablecoin #clarityact #bankingtradegroups #depositflight #interestlikerewards #lending #regulatoryclarity #digitalassets #congress

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When Will the CLARITY Act Become a Law? See the Latest from Prediction Markets

See the latest prediction markets for the Clarity Act to become law as the Senate will soon vote on the proposed legislation.

• The CLARITY Act, a proposed digital asset regulatory framework, is nearing a Senate vote on September 15th, with the House having already passed it.
• Prediction markets are actively tracking the bill's progress, with significant volume indicating user interest in its potential passage and timing.
• The article highlights the partisan divide and political calculations influencing the bill's future, particularly in light of upcoming midterm elections and past crypto-related scandals like FTX.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Regulatory sandboxes pilots, Onboarding prime brokerage

Tags: #clarityact #digitalassetregulation #predictionmarkets #senatevote #sec #cftc #ftx #congress #kalshi

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Ondo Price Forecast: ONDO Vulnerable To Deeper Losses Amid CLARITY Act Delay

ONDO price faces downside risk as the CLARITY Act faces delays in Congress. Read our analysis of key support levels and market implications.

• The price of Ondo (ONDO) is facing potential losses due to delays in the U.S. CLARITY Act, which is intended to provide regulatory clarity for digital assets.
• This legislative delay increases uncertainty for investors and could hinder ONDO's use case in cross-border financial integration, impacting its technical outlook and potentially leading to further price drops.
• Investors are advised to monitor legislative developments and key technical levels as regulatory uncertainty remains a significant factor for ONDO's short-term performance.

Topics: Legal regulatory, Jurisdictions, Scalability, Securities law classification, Regulatory sandboxes pilots, Market depth liquidity

Tags: #ondo #clarityact #regulatoryuncertainty #tokenization #congress #digitalassets #supportlevels #volatility #legislativedelay

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Over 1 million Americans urge senators to support the CLARITY Act

More than 1 million Americans have now contacted their US senators in support of the Digital Asset Market Clarity Act, a grassroots mobilization driven i | Bitget crypto news!

• Over 1 million Americans have contacted their senators in support of the Digital Asset Market Clarity Act (H.R. 3633), aiming to establish clear regulatory authority between the SEC and CFTC.
• A revised version of the bill, including ethics rules and a sunset provision, passed the Senate Banking Committee and has garnered support from major financial institutions like Fidelity.
• The act is seen as crucial for attracting institutional capital to digital asset markets by providing a clear federal framework, addressing consumer protection, and combating illicit finance.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Cross jurisdictional policy, Asset manager initiatives

Tags: #clarityact #digitalassetmarketclarityact #hr3633 #sec #cftc #congress #fidelity #cryptocouncilforinnovation #blockchainassociation #regulatoryclarity

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Goldman Sachs CEO Breaks With Wall Street to Back Crypto Clarity Act

Solomon's endorsement splits with JP Morgan's Jamie Dimon and banking trade groups, who warn the bill's stablecoin-yield provisions could pull deposits away from traditional lenders.

• Goldman Sachs CEO David Solomon supports the Clarity Act, a crypto market-structure bill, diverging from other Wall Street leaders like Jamie Dimon.
• The bill aims to legalize most crypto activity, classify assets as non-securities, and protect developers, but faces opposition over stablecoin yield provisions.
• Banks argue stablecoin yields could pull deposits from traditional lenders, while crypto firms contend it's a defense of their business models, leaving the bill's Senate path uncertain.

Topics: Legal regulatory, Institutional adoption, Blockchain usage, Securities law classification, Asset manager initiatives, Stablecoins digital cash

Tags: #clarityact #goldmansachs #davidsolomon #stablecoinyield #sec #jpmorgan #jamiedimon #congress #regulation #usdc

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Clarity Act expected to miss its window before Congress' summer break, leadership says

The deadline to get the crypto market structure bill done before senators scatter will likely be missed, says Majority Leader Thune, though it may get a start before then.

• The crypto Clarity Act is unlikely to pass before Congress' summer break due to legislative hurdles and upcoming midterm election campaigns.
• Despite missing the pre-recess deadline, efforts may be made to start the Senate floor process, with some optimism from the White House that August could still see action.
• The bill faces significant opposition from both parties on various provisions, including limitations on government officials' crypto activities and stablecoin yield, highlighting ongoing regulatory uncertainty.

Topics: Legal regulatory, Jurisdictions, Political endorsements opposition, Securities law classification, Regulatory sandboxes pilots, Legislative debates

Tags: #clarityact #cryptomarketstructure #congress #summerbreak #senate #legislation #stablecoin #whitehouse #electioncampaigns #regulatoryuncertainty

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It's time to pass the CLARITY Act

• The article advocates for the passage of the CLARITY Act to establish a clear regulatory framework for blockchain networks, drawing parallels to the successful regulation of the internet.
• It highlights the growth and benefits of stablecoins, citing the GENIUS Act as a successful example of how clear regulation can foster innovation and economic growth.
• The CLARITY Act aims to provide comprehensive rules for digital assets, enabling institutional adoption and ensuring U.S. leadership in the future of financial infrastructure.

Topics: Legal regulatory, Jurisdictions, Scalability, Securities law classification, Regulatory sandboxes pilots, Institutional capital inflows

Tags: #clarityact #blockchain #stablecoins #tokenization #regulation #innovation #financialinfrastructure #usleadership #digitalassets #congress

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Prediction markets and their opponents are spending more to influence Congress in 2026

Kalshi and groups representing the casino and gaming industry and online sports betting apps, all have boosted their lobbying spending in 2026.

• Prediction market platforms like Kalshi and Polymarket are significantly increasing their lobbying spending in Washington to influence lawmakers amidst growing regulatory scrutiny.
• The gambling and casino industry is also escalating its lobbying efforts to counter prediction markets, leading to a heated debate over the classification of event contracts as either innovative financial products or illegal sports betting.
• Despite increased lobbying, legislative action on prediction markets is unlikely in 2026 due to the upcoming elections, with focus shifting to potential CFTC rule-making and ongoing investigations into insider trading concerns.

Topics: Political endorsements opposition, Legal regulatory, Pro innovation government policy, Legislative debates, Securities law classification

Tags: #predictionmarkets #kalshi #polymarket #lobbying #congress #insidertrading #cftc #gamblingindustry #regulatoryscrutiny #eventcontracts

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La CFTC advierte que los reguladores impondrán reglas a las criptomonedas si fracasa CLARITY

Michael Selig advierte que los reguladores crearán las reglas para las criptomonedas si el Congreso no logra aprobar la Ley CLARITY.

• The CFTC warns that regulators will impose rules on cryptocurrencies if Congress fails to pass the CLARITY Act.
• The CLARITY Act aims to divide supervisory powers between the CFTC and SEC, but faces political hurdles and a tight legislative calendar.
• If legislation stalls, federal agencies will likely create regulations through administrative rules and enforcement actions, creating uncertainty for the industry.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Regulatory sandboxes pilots, Banking depository pilots

Tags: #cftc #clarityact #sec #cryptocurrencyregulation #digitalassets #congress #senate #houseofrepresentatives #michaelselig #stablecoins

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Bitcoin's U.S. reserve still a work-in-progress as federal agencies hash it out

The White House says it's still evaluating the "best structure" for the federal fund to hold bitcoin as a long-term reserve and a separate stockpile of other crypto assets.

• The White House is still determining the optimal structure for a federal bitcoin reserve and a separate stockpile of other crypto assets.
• The process is complicated by inter-agency discussions between the Treasury and Commerce departments, and the lack of congressional legislation.
• Despite a presidential order in March 2025, the establishment of the reserve remains a work-in-progress, with potential political shifts in upcoming elections adding further uncertainty.

Topics: Jurisdictions, Political endorsements opposition, Bitcoin treasuries, Established hubs, Pro innovation policy, Corporate treasury strategy, Sovereign adoption

Tags: #bitcoinreserve #whitehouse #federalagencies #treasurydepartment #commercedepartment #congress #legislation #strategicreserve #digitalassetstockpile #trumpadministration

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Jamie Dimon Said JPMorgan Will Fight Stablecoin Yield Rules in the CLARITY Act Before Congress Breaks for Its August Recess.

• JPMorgan CEO Jamie Dimon is actively opposing the CLARITY Act's provisions for yield-paying stablecoins, warning of a potential 'shadow banking' crisis.
• The banking lobby, including JPMorgan, is pushing for a complete ban on stablecoin yields to protect traditional bank deposits, while crypto exchanges like Coinbase and Circle stand to lose revenue if yields are prohibited.
• The outcome remains uncertain as the Senate debates the CLARITY Act, with potential revisions to the bill before Congress's August recess, impacting the appeal and economics of stablecoins like USDC.

Topics: Legal regulatory, Institutional adoption, Blockchain usage, Securities law classification, Banking depository pilots, Ethereum evm l 1 s

Tags: #jamiedimon #jpmorgan #stablecoinyields #clarityact #shadowbanking #congress #usdc #coinbase #circle #senate

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Bitcoin et le Clarity Act

Le Digital Asset Market Clarity Act of 2025, plus connu sous le nom de Clarity Act, est un projet de loi américain visant à définir un cadre juridique pour les actifs numériques et à clarifier les compétences des principaux régulateurs fédéraux. Son objectif est de mettre fin à plusieurs années d’incertitude réglementaire en définissant clairement […]

• The Clarity Act is a proposed US law aiming to define a legal framework for digital assets and clarify the roles of the SEC and CFTC.
• The bill has passed the House and is facing hurdles in the Senate, with negotiations focused on ethical safeguards and potential conflicts of interest.
• While the Clarity Act's direct impact on Bitcoin may be limited, it could indirectly boost institutional investment by providing greater legal certainty to the digital asset market.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Regulatory sandboxes pilots, Onboarding prime brokerage

Tags: #clarityact #digitalassets #sec #cftc #regulation #bitcoin #congress #senate #houseofrepresentatives #stablecoins

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Trump Faces 10-Day Deadline on Housing Bill Including CBDC Ban

President Donald Trump has a narrow window of roughly 10 days to decide whether to sign, ignore, or veto a bipartisan housing bill that includes a

• President Trump has a 10-day deadline to act on a bipartisan housing bill that includes a provision banning the Federal Reserve from issuing a CBDC until the end of 2030.
• The CBDC restriction was attached to the housing bill as a legislative bargaining chip, with Senator Elizabeth Warren reportedly involved.
• Trump's reaction has been dismissive, calling the bill a 'yawn,' and his decision could lead to a veto override attempt by Congress or be overshadowed by other legislative priorities like the CLARITY Act.

Topics: Jurisdictions, Legal regulatory, Blockchain usage, Cross jurisdictional policy, Securities law classification, Private enterprise ledgers

Tags: #cbdc #trump #federalreserve #housingbill #elizabethwarren #digitalasset #legislation #veto #congress #clarityact

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House Republicans’ crypto tax legislation lacks bipartisan support

• House Republicans have introduced seven crypto tax bills, including a $10 de minimis exemption and deferred taxation on staking/mining rewards.
• Democrats are strongly opposing these proposals, arguing that digital assets should not receive preferential tax treatment compared to traditional investments.
• The lack of bipartisan support creates significant uncertainty for investors, with current tax rules likely to remain in place for the foreseeable future.

Topics: Legal regulatory, Political endorsements opposition, Scalability, Securities law classification, Pro innovation policy, Legislative debates, Growth metrics

Tags: #cryptotaxlegislation #houserepublicans #bipartisansupport #deminimisexemption #stakingtaxdeferral #digitalassets #irs #congress #investoruncertainty

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Senator Lummis fires back at Jamie Dimon over crypto Clarity Act criticism

• Senator Lummis publicly criticized Jamie Dimon for allegedly misrepresenting the Clarity Act's AML provisions, stating the bill explicitly includes these requirements.
• The Digital Asset Market Clarity Act (H.R. 3633) aims to define jurisdictional lines between the SEC and CFTC for digital assets and is facing a crucial Senate vote.
• The bill's passage is complicated by ethical concerns regarding Trump family holdings and opposition from law enforcement groups over software developer liability.

Topics: Legal regulatory, Jurisdictions, Compliance, Securities law classification, Cross jurisdictional policy, Aml antimoneylaundering

Tags: #clarityact #jamiedimon #senatorcynthialummis #digitalassetmarketclarityact #hr3633 #aml #banksecrecyact #sec #cftc #congress

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Galaxy Research Cuts CLARITY Act Passage Odds To 50-50 As Senate Clock Runs Out

Galaxy Research cut its odds of the Senate passing the CLARITY Act to 50-50, citing dwindling time before Congress's August recess and mounting legislative uncertainty.

• Galaxy Research has lowered its odds for the CLARITY Act's passage to 50-50 due to a tight Senate calendar and unresolved legislative issues.
• The bill aims to establish a comprehensive regulatory framework for digital assets, defining jurisdictional lines between the SEC and CFTC.
• Key challenges include finalizing merged texts, resolving ethics concerns, and securing floor time amidst competing legislative priorities before the August recess.

Topics: Legal regulatory, Jurisdictions, Political endorsements opposition, Securities law classification, Regulatory sandboxes pilots, Legislative debates

Tags: #clarityact #digitalassetmarketstructure #sec #cftc #blockchainregulatorycertaintyact #senate #congress #legislativeuncertainty #alexthorn #galaxyresearch

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Congress just passed the most significant housing bill in decades, so why won't Trump sign it? | Fortune

Congress passed the 21st Century ROAD to Housing Act 358-32 and 85-5 this week. Trump canceled the signing ceremony.

• Congress passed a significant bipartisan housing bill aimed at lowering costs and increasing construction, but President Trump has refused to sign it, demanding proof of citizenship for all voters.
• The bill, supported by the real estate industry and housing advocates, seeks to reduce regulations, streamline reviews, and curb corporate landlord influence, though it's not a complete solution to housing affordability issues.
• Despite Trump's hesitation, the bill has a veto-proof majority in Congress, suggesting it may still become law even if the President attempts to block it.

Topics: Asset types, Legal regulatory, Jurisdictions, Real assets, Securities law classification, Regulatory sandboxes pilots

Tags: #housingbill #21stcenturyroadtohousingact #donaldtrump #congress #housingaffordability #homeconstruction #realestateindustry #votercitizenshipproof #vetoproofmajority

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Gaming Industry Urges Congress to Halt Sports Betting via CLARITY Act

US gaming and tribal-related organizations, along with labor groups, are urging lawmakers to tighten federal rules around crypto-linked prediction markets. In a letter reported by Semafor, they ask the Senate to include language in the Digital Asset Market Clarity (CLARITY) Act t...

• The gaming industry, including tribal organizations, is urging Congress to explicitly prohibit sports betting via prediction markets within the CLARITY Act.
• The core argument is that sports betting falls under state and tribal regulatory frameworks, not the CFTC, which is asserting exclusive jurisdiction.
• This legislative push highlights a significant jurisdictional conflict between federal regulators and existing state/tribal gambling laws, with potential implications for future enforcement and even Supreme Court cases.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Cross jurisdictional policy, Private enterprise ledgers

Tags: #clarityact #predictionmarkets #sportsbetting #cftc #gamingindustry #jurisdiction #regulation #eventcontracts #congress #tribalorganizations

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