The White House dismisses bankers’ concerns over the Crypto Clarity Act as misguided, while industry advocates stress the importance of a yes vote to keep legislative discussions alive. #Update #Crypto
The CLARITY Act needs 60 Senate votes today; Republicans require support from at least seven Democrats. Kalshi traders see a 93% chance of a vote, while Polymarket gives it a 20% chance of becoming law by 2026. #Update #Legal
Bitcoin Suisse is cutting up to 50% of its Zug workforce, relocating operations to Slovakia and Vietnam for cost efficiency. CEO Majcen aims for international growth with new licenses. #Update #Crypto
The U.K. House of Lords voted 194-138 to mandate a national digital-assets strategy, pressuring the Treasury to address crypto competitiveness. #Update #Crypto
New York AG Letitia James and 17 state AGs oppose the Digital Asset Market Clarity Act, fearing it limits state-level crypto fraud prosecutions. #Breaking #Legal @NewYorkStateAG
Senator Bernie Sanders proposes a 50% public equity stake in major AI companies to fund a $7 trillion public pool, sparking regulatory debate. #Update #Legal
Canada’s OSFI confirms tokenized deposits are legally equivalent to traditional ones, easing regulatory hurdles for banks and boosting digital adoption. #Update #Legal
@Circle plans to acquire Tazapay for $400 million in stock to enhance its cross-border payment capabilities, leveraging Tazapay’s connections with over 60 banking partners across 100 markets. #Update #Crypto $USDC
@PaoloArdoino claims Tether’s 650 million users decentralize U.S. debt ownership, but Tether controls the Treasury bills, limiting direct user benefits. $USDT #Update #Crypto $USDT
@InputOutput’s Cardano upgrade Leios achieved 26.8 TxkB/s throughput, sixfold increase over Ouroboros Praos, but economic viability relies on user transactions for staking rewards as reserve declines. #Update #Crypto $ADA
Bangko Sentral ng Pilipinas considers a temporary freeze on new Operator of Payment Systems licenses to enhance compliance standards; existing operators remain unaffected. #Update #Legal
Carlos Érick Vázquez González pleads guilty to laundering $4M via crypto for Mexican cartels, facing up to 20 years in prison. DOJ’s crackdown on crypto cartels intensifies. #Breaking #Legal
Poland’s parliament fails to override President Nawrocki’s veto on the Crypto-Asset Market Act amid Zondacrypto scandal, forcing local firms to register abroad. #Breaking #Legal
@BitwiseInvestments reveals a 14.57% annualized yield in an institutional XRP carry trade, utilizing 10.78M XRP against short positions in Coinbase futures, highlighting demand for $XRP. #Update #Crypto $XRP
