Regulation

U.S. Senator Cynthia Lummis has described the new Clarity Act as the most significant crypto legislation in American history — a long-awaited framework that aims to establish clear, comprehensive rules for cryptocurrencies and stablecoins after years of uncertainty.

Ending the Regulatory Chaos
The Republican senator from Wyoming said her team is working daily to build bipartisan support, emphasizing that this bill could reshape how the U.S. approaches digital assets while strengthening financial stability.
“This is a landmark bill that will finally give the crypto industry a set of clear rules. Instead of regulatory confusion, it will provide a framework that protects investors, encourages innovation, and enables fair competition,” Lummis said.
Unlike the earlier GENIUS Act, the Clarity Act covers all crypto assets, not just stablecoins — making bipartisan cooperation essential to pass every section of the legislation.

Crypto Industry Pushes for Passage Before Year-End
In recent weeks, several high-level meetings have taken place in Washington between lawmakers and leaders of major crypto companies. However, discussions have slowed due to leaked documents on DeFi regulation and frustration among some senators about aggressive lobbying tactics.
Despite these hurdles, Lummis insists the process is on track and hopes for a Senate Banking Committee vote before the end of the year, allowing full Senate debate to begin in early 2026.

A Game Changer for Banks and Exchanges
Under the proposed framework, the SEC and CFTC would act as primary regulators under a new ACT structure, clearly defining which assets qualify as securities and which as commodities — a key issue that has long plagued the U.S. crypto market.
The law would also allow community banks to legally provide digital asset custody and management services, enabling them to compete fairly with crypto exchanges.
Lummis referenced the Custodia Bank case in Wyoming, where the court denied access to the Federal Reserve payment system. She noted, however, that the Fed’s creation of a “narrow master account” for specialized banks signals growing recognition of crypto’s importance in the financial system.

Bitcoin Reserve as a Path to Debt Reduction
On X, Lummis reaffirmed her belief that a Strategic Bitcoin Reserve (SBR) could help the U.S. tackle its $38 trillion national debt.
“I truly believe that a Strategic Bitcoin Reserve is the only way to stabilize our nation’s finances. I applaud the president and his administration for embracing the SBR,” she wrote.
According to her projections, if held for 20 years, such a reserve could reduce U.S. national debt by half, leveraging Bitcoin’s scarcity, durability, and long-term appreciation.
Senator Lummis remains one of the most influential voices shaping America’s crypto policy. If the Clarity Act passes, the United States could position itself as a global leader in transparent, fair, and innovation-friendly digital asset regulation.


#CynthiaLummis , #Cryptolaw , #crypto , #Regulation , #DigitalAssets

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Canadian authorities are reportedly evaluating the implementation of a new regulatory framework for cryptocurrency exchanges, drawing inspiration from the "Genius Asset" licensing model recently established in the United States.
Regulatory Development: Canadian regulators are actively reviewing a US-style licensing system that would create a dedicated category for cryptocurrency trading platforms operating within the country.Framework Model: The proposed system is based on the "Genius Asset" license, a new US regulatory structure designed specifically for digital asset intermediaries.Market Impact: This potential shift signals a move toward clearer and more tailored regulations for crypto businesses in Canada, which could influence how exchanges operate and serve Canadian users.Global Trend: The consideration highlights a growing trend of international regulatory alignment in the cryptocurrency sector, as jurisdictions look to established models for guidance.
The development of a clear regulatory framework is often viewed as a positive step for mainstream cryptocurrency adoption and investor protection.
#Canada #Regulation #Crypto #Exchanges #GeniusAsset

U.S. federal prosecutors are seeking maximum sentences for the founders of Samourai Wallet, who have admitted to running an unlicensed money transmission business and facilitating the laundering of hundreds of millions of dollars in illicit funds.

Samourai Founders Under Fire
Founders William Lonergan Hill and Keonne Rodriguez have pleaded guilty in a case that has become a symbol of the clash between privacy and regulation in crypto. According to U.S. prosecutors, the pair actively promoted their wallet to criminals on the darknet, fully aware that it was being used to conceal illegal transactions.
Documents filed with the Southern District of New York describe how the duo “repeatedly encouraged and invited criminals” to use Samourai Wallet, turning the platform into a “safe haven for money laundering and sanctions evasion.”
Evidence cited by prosecutors includes a 2018 WhatsApp message in which Rodriguez described the wallet’s mixing feature as “money laundering for Bitcoin.” Hill allegedly promoted the Whirlpool service on darknet forums, claiming it could help users “clean dirty BTC” and make their transactions “untraceable.”

Over $6 Million in Fees
Investigators say Samourai Wallet earned more than $6.3 million (roughly 246 BTC) in fees from its mixing services between 2015 and 2024. With Bitcoin’s surge in value, those coins are now worth around $27 million.
Prosecutors allege that these funds were tied to drug trafficking, cyberattacks, child exploitation materials, murder-for-hire schemes, and other illicit activities. Both founders, they claim, knew exactly how their tools were being used by criminals.

Prosecutors Seek Maximum Sentence
Federal prosecutors are urging the court to impose the full five-year sentence for conspiracy to operate an unlicensed money transmission business under 18 USC § 371.

The probation office has recommended a lighter punishment — 42 months in prison each — but the final decision rests with the judge.
Sentencing is scheduled for November 6 for Rodriguez and November 7 for Hill in the Southern District of New York.

How It All Began
U.S. authorities shut down Samourai Wallet in April 2024, accusing it of facilitating unlicensed money transfers and helping criminals launder illicit proceeds through its privacy features.
Rodriguez was arrested in the United States, while Hill was detained in Portugal and later extradited to face trial in the U.S. Both men pleaded guilty in July 2025, setting the stage for this week’s sentencing.
The Samourai Wallet case has become a landmark in the ongoing debate over where privacy ends and criminal conduct begins. The upcoming verdict is expected to shape how U.S. regulators approach developers of privacy wallets and crypto mixers going forward.


#bitcoin , #Cryptolaw , #crypto , #Regulation , #SamouraiWallet

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Former Binance CEO Changpeng "CZ" Zhao has received a presidential pardon from President Donald Trump, marking a significant shift in U.S. cryptocurrency policy and ending his legal challenges.
Presidential Action: President Donald Trump granted a full pardon to CZ on October 23, 2025, clearing the Binance founder of previous charges.Policy Shift: The White House described the pardon as part of a new approach to support "financial freedom, innovation, and fair treatment" for the crypto industry in the United States.Industry Impact: This decision represents a major policy change from the previous administration's stance, potentially creating a more favorable regulatory environment for cryptocurrency businesses.Market Context: The pardon concludes a lengthy legal process for the former Binance CEO and signals a new era of engagement between U.S. authorities and the digital asset sector.
This development highlights the evolving relationship between regulatory frameworks and the global cryptocurrency ecosystem.
#Binance #Cryptocurrency #CryptoNews #Regulation