Coinbase’s vice president of tax, Lawrence Zlatkin, testified before the House Ways and Means Committee on June 9, asking lawmakers to stop requiring Americans to calculate capital gains every time they spend a stablecoin or pay a blockchain transaction fee. His testimony came during a hearing on six standalone bills aimed at updating how the […]
Over 160 former national security, intelligence, and law enforcement officials are pushing the U.S. Senate to advance the CLARITY Act, arguing that it would strengthen efforts to combat illicit finance in the crypto space. The appeal was made in a letter addressed to Senate Majority Leader John Thune and Democratic Leader Chuck Schumer and was […]
A few days ago, the Digital Asset Market Clarity Act (CLARITY Act) made some progress in the Senate. The bill has advanced out of the Senate Banking Committee despite strong opposition from some lawmakers and bankers. Following Senate Banking Committee approval, multiple executives are discussing what the move means for the crypto industry. They have […]
The Senate Banking Committee voted 15-9 on Thursday to move forward on the CLARITY Act, a crypto market structure proposal that has been the subject of debate for a while now. Nevertheless, just ahead of the vote, the Bank Policy Institute (BPI) put out a series of tweets on X about illicit crypto flows hitting […]
Although there’s still a lot of work to be done to become law, the highly anticipated CLARITY Act finally passed the Senate Banking Committee a few days ago, which was a significant step in the right direction. The effects in the crypto market were immediate but didn’t last long, and analysts at Santiment warned that […]
The Senate Banking Committee’s CLARITY Act is heading into Thursday’s markup, buried under opposition. According to reports, Senator Elizabeth Warren alone filed more than 40 amendments before Tuesday’s 5 p.m. ET deadline, and American Bankers Association members sent over 8,000 letters to Senate offices in less than a week demanding changes to the bill’s stablecoin […]
Coinbase recently filed a formal comment letter with the Commodity Futures Trading Commission (CFTC), arguing that prediction markets are derivatives that fall under federal jurisdiction and should stay there. The company warned that letting states write their own rules for these markets would recreate the regulatory “total chaos” that Congress built the federal derivatives framework […]
The CLARITY Act, the most consequential crypto legislation working through the US Senate, is stalling partly because of President Donald Trump’s own meme coin. That’s the argument being made publicly by at least one analyst who says the broader industry is too close to the president to say it loud. Trump’s Token Is Giving Democrats […]
Just hours before attending another event in the White House from which he had to be evacuated after multiple gunshots were heard, US President Donald Trump delivered a 45-minute keynote speech at his own meme coin gathering at Mar-a-Lago. According to attendees cited by several journalists, he spoke about several major hot topics, including the […]
The Attorney General for New York filed a lawsuit against the prediction market arms of Coinbase and Gemini on Tuesday. The claim is that these platforms violate state laws against illegal gambling. According to the petitions filed in the state court in Manhattan, Attorney General Letitia James argues that both Gemini and Coinbase have not […]