Senate Committee Advances Landmark Crypto “Clarity Act” in Bipartisan Breakthrough
The Digital Asset Market Clarity Act cleared a key Senate committee vote after months of delay, with industry leaders calling it a defining moment.
Articles by Melker Bengtsson
Melker Bengtsson is a Swedish writer with 10+ years of experience in cryptocurrencies, investing and personal finance. He holds a BSc in Finance from the University of Gothenburg.
Senate Confirms First Fed Chair with Crypto Holdings
Kevin Warsh is the first incoming Fed chair with personal crypto investments. His hawkish monetary views could prove adverse for crypto, but the market doesn't seem to mind.
Russia's Duma Greenlights Crypto for Foreign Trade
Russia's Duma passed first reading of bill 1194918-8, which would legalize crypto for foreign trade settlement. Cut off from SWIFT since 2022, Russia is now building its own crypto payment rails.
Banks Push Back on CLARITY rewards. The White House has Already Moved on
Bank lobbying groups called the stablecoin rewards compromise "insufficient" this Monday. But events this week show their efforts may be too late. Patrick Witt called the matter closed.
CLARITY Act Headed to Senate Markup
Sen. Thom Tillis announced this week that the CLARITY Act markup will be scheduled in the Senate Banking Committee the week of May 11th. He's done waiting for the banks and is using the markup as a "forcing mechanism".
New EU Sanctions Hit Russian Crypto
In their 20th sanctions package against Russia after the invasion of Ukraine, the EU goes after Russian crypto assets. It's the main target of the sanctions package this time. They're targeting two state-backed Russian crypto assets directly, as well as banning Russian crypto venues.
The On-chain Front in the US-Iran War
The Office of Foreign Assets Control (OFAC) just designated two Tron wallets as property of Iran and froze them, opening a new economic front in the sanctions towards Iran.
Metaplanet's $50 Million Zero-Interest Bond Fully Subscribed
Metaplanet has issued its 20th zero-interest bond, ¥8 billion ($50M), fully subscribed by EVO Fund. It's the first new bond since last June, as the "555 Million Plan" pushes toward 100,000 BTC.
Crypto's Four-Year Wait for Federal Bank Charters Is Over
Anchorage Digital was the only crypto company with a US federal trust bank charter for over four years. Since the Trump administration reopened the pipeline, twelve more have been granted, edging crypto closer to being functionally equal to banks.
The PACE Act: A Direct Line to the Fed for Crypto Payments
Stablecoin issuers move billions every day, but none of it goes directly through the US payment system. The PACE Act would change that.
Arkham Finds Morgan Stanley’s Bitcoin ETF Wallets, It’s Growing Fast
Arkham has identified three wallets connected to Morgan Stanley's spot Bitcoin ETF. Anyone is now free to study how the biggest ETF launch in Morgan Stanley's history is doing. Spoiler: it's doing pretty well.
CLARITY Act: Almost There but Running Out of Time
The CLARITY Act is in the final stages of negotiations, but the draft that was supposed to drop this week hasn't been published. With midterms coming up, time is running out.
