Regulation

The U.S. Senate is preparing to unveil the long-anticipated CLARITY Act, a bill focused on regulating the digital asset market, before the August recess. The vote on the legislation is expected to take place no later than September 30.
This was confirmed during a Thursday press conference by Senators Tim Scott, Cynthia Lummis, and crypto policy advisor Bo Hines. The main goal is to establish a clear regulatory framework for how digital assets like cryptocurrencies and tokens operate in the U.S.

🔹 CLARITY Act to Serve as a Foundation for Crypto Regulation
Senator Tim Scott, head of the Senate Banking Committee, announced that the bill would be published during the summer, with a vote planned for September. His colleague, Senator Cynthia Lummis – known for her long-time involvement in digital asset policy – backed the timeline and confirmed that the committee is working to stay on track.
The CLARITY Act is expected to provide a legal framework for regulating digital assets and will complement the GENIUS Act, a stablecoin bill that the Senate has already approved.

🔹 Senate Pushes House to Approve GENIUS Act Without Amendments
Senators also urged the House of Representatives to pass the GENIUS Act without delay and without changes. The act, which focuses on stablecoin rules, has already passed in the Senate. According to Bo Hines, the act is a top priority for President Donald Trump, who wants it signed into law as soon as possible.
“President wants the GENIUS Act on his desk immediately,” Scott stated. Hines added that the administration prefers a clean passage of the bill with no additional amendments from the House.
However, French Hill, chair of the House Financial Services Committee, has not committed to a timeline. He said the House may need time to reconcile its own stablecoin draft with the GENIUS Act, potentially delaying progress on both fronts.

🔹 House Bill Serves as a Blueprint for Senate’s Version
Despite delays in the House, Senator Scott praised its earlier draft of a market structure bill, calling it “an excellent model” for the Senate’s own version. The CLARITY Act will aim to mirror similar goals and build on a framework already discussed by both chambers.
“We’re one team,” Scott emphasized, calling for unified efforts in developing crypto legislation.

🔹 U.S. Plans for Strategic Bitcoin Reserve
Bo Hines also confirmed that the administration is actively working on infrastructure to create a U.S. strategic reserve of Bitcoin. The plan is to acquire BTC without impacting the national budget, describing Bitcoin as “digital gold.”
Although Trump’s March executive order does not require the Treasury Department to report on government-held BTC, Hines said the administration may still release such data voluntarily for transparency.

📌 Summary
The Senate has set a clear goal: to publish the CLARITY Act this summer and pass it by the end of September. At the same time, it is pressing the House to fast-track the GENIUS Act without changes. Whether both chambers can coordinate and deliver a unified framework for digital assets will be determined in the coming weeks.

#crypto , #Regulation , #DigitalAssets , #USPolitics , #CryptoNews

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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.“

The GENIUS Act, which recently passed the U.S. Senate with strong bipartisan support, has now been officially submitted to the House of Representatives. However, its path forward is facing new hurdles — key lawmakers are pushing for the stablecoin bill to be merged with the broader CLARITY Act, which addresses the overall structure of the crypto market.

🔹 Merger with CLARITY Seen as Key to Smooth Passage
American journalist Eleanor Terrett reported that the GENIUS Act has been formally added to the House agenda, where it will be debated and put to a vote. If passed without amendments, the bill will move directly to the President for final approval.
However, several House members argue that the GENIUS bill should be combined with the CLARITY Act before any vote takes place. Leading this initiative is Republican Congressman Tom Emmer, who believes that a clearly defined market structure must come first.

🔹 What Is the CLARITY Act and Why Does It Matter?
The CLARITY Act seeks to establish a comprehensive regulatory framework for the U.S. crypto industry. Unlike the GENIUS Act, which focuses solely on stablecoins, CLARITY covers broader market infrastructure and rules.
Although the CLARITY Act has already passed through initial voting in the House, its future remains uncertain. Any attempt to merge it with the GENIUS Act would require Senate approval again if modifications are made — potentially delaying the entire process.

🔹 Trump Pushes for Swift Passage of GENIUS Act
Following the Senate approval, former President Donald Trump called on the House to pass the GENIUS Act without amendments. Trump emphasized that a clear legal foundation for stablecoins is vital for the digital asset future in the U.S. and urged lawmakers to act quickly.
Meanwhile, the Senate Subcommittee on Banking and Digital Assets has released its own version of the CLARITY framework. Their aim is to improve the House’s version, further complicating negotiations.
If the GENIUS and CLARITY Acts are indeed merged, the legislation may face a longer and more complex journey. However, this could also result in a stronger and more unified regulatory structure for the U.S. crypto market.

#crypto , #Regulation , #Stablecoins , #Cryptolaw , #CryptoInnovation

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The U.S. Senate has taken another step toward establishing clear regulations for the cryptocurrency sector. Led by Senator Tim Scott, the Senate Banking Committee has released a set of core principles for the upcoming CLARITY Act, aimed at defining rules for digital assets, enhancing investor protections, and modernizing the approach of regulatory bodies.

💼 Aiming for a Clear Legal Framework

The newly released principles, published by the Subcommittee on Digital Assets, are intended to guide the development of the actual legislative text. A top priority for lawmakers is to clearly distinguish between digital asset securities and digital asset commodities, ensuring legal certainty across the crypto industry.

🧭 Dividing Responsibilities Among Agencies

One of the central elements is the division of regulatory authority between key institutions—primarily the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Instead of creating a new all-powerful regulator, the law would assign responsibilities based on asset types.

⚙️ Modernizing Rules for the Digital Era

The Senate also aims to update outdated financial rules to reflect technological advancements like blockchain. The SEC would gain new powers to oversee digital fundraising more flexibly, and registration requirements for crypto startups could be simplified.

🔒 Protecting Investors and Preventing Financial Crime

The upcoming law is expected to safeguard customer funds during crypto firm bankruptcies, impose new risk-management and registration requirements on centralized platforms, and establish clear anti-money laundering and sanction compliance rules for digital assets.

🚀 Encouraging Innovation and Crypto Access for Banks

The CLARITY Act will also push federal agencies to foster innovation by providing clear guidelines that confirm banks and financial institutions are permitted to engage in crypto-related activities.
A promising development is that the Federal Reserve has already taken the first step by removing the "reputational risk" factor that previously discouraged banks from working with crypto firms.

#Regulation , #SEC , #DigitalAssets , #Cryptolaw , #CryptoNews

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Turkey is tightening its grip on cryptocurrencies as part of a new crackdown aimed at stopping money laundering linked to illegal betting and fraud schemes. The Ministry of Finance is preparing strict measures that include transfer limits, withdrawal delays, and stricter identity verification rules.

📉 Strict Caps and Fund Monitoring

Under the new plan, stablecoin transfers will be capped at $3,000 per day and $50,000 per month. Only platforms that fully implement the so-called “Travel Rule” — requiring the verification and sharing of sender and recipient information — will be allowed double these limits.

📌 Delayed Withdrawals as a Deterrent

All crypto withdrawals will be delayed by 48 hours, while first-time user withdrawals will be held for up to 72 hours — unless the platform is exempt under the travel rule. This is intended to block the fast movement of illicit funds.

🧾 More Bureaucracy for Better Security

Users will be required to include a transaction note of at least 20 characters with every transfer. Platforms must also maintain detailed records about the source and purpose of each transaction.

💬 Government Warning: Noncompliance Will Be Penalized
Finance Minister Mehmet Şimşek emphasized that platforms failing to comply with the new rules may face not only administrative penalties but also the revocation of licenses and other legal consequences.
“We don’t want to hinder legitimate crypto activities,” Şimşek stated. “Our goal is to limit the misuse of cryptocurrencies for criminal purposes and to build a safer and more transparent environment.”
With this move, Turkey is demonstrating its serious intent to regulate the crypto sector—clearly separating lawful crypto use from criminal activity. The new regulations are expected to take effect very soon.

#crypto , #Regulation , #MoneyLaundering , #CryptoSecurity , #CryptoNewss

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The Norwegian government is planning a significant crackdown on cryptocurrency mining operations. At the center of the proposed regulation are facilities using the "proof-of-work" method, which underpins the Bitcoin network but is known for consuming vast amounts of energy. If approved, the ban could come into effect by fall 2025.

According to Norwegian Minister of Digitalization Karianne Tung, the goal is to free up the country's energy capacity for more efficient and productive sectors such as industry and artificial intelligence. “Crypto mining consumes a lot of electricity but brings little in terms of jobs or benefits to local communities,” Tung emphasized.

🔌 Bitcoin Mining vs. Efficiency

Norway has long been a hotspot for miners, thanks to its cheap and clean hydropower. Companies like Kryptovault operate data centers with capacities of up to 40 MW, and some recycle heat to dry wood or heat buildings. Despite this, the government now sees such mining as inefficient compared to other uses of power that contribute more to society.

📉 How Big Is Norway's Role in Bitcoin Mining?

Although the country is popular among miners, its global impact remains limited. Norway accounts for only about 0.74% of Bitcoin's total hash rate and ranks 11th globally among mining countries.

❗ What Would the Ban Mean for BTC?

In the short term, the impact might be minimal. But in the long run, such regulations add fuel to the global debate about the sustainability of cryptocurrency mining and whether decentralized finance should become more environmentally friendly.

#norway , #CryptoMining , #BAN , #Regulation , #CryptoUpdate

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#Regulation
The COIN Act proposes a strict ban on issuing, sponsoring, or endorsing any form of cryptocurrency, including meme coins, NFTs, and stablecoins.
Senator Adam Schiff (D-CA) introduced legislation on Monday that would bar the president, vice president, and their immediate family members from engaging in crypto-related business ventures while holding office.
Key Takeaways:
Senator Schiff’s COIN Act would bar the president and family members from issuing or endorsing crypto.
The bill requires disclosure of any digital asset sale over $1,000.
It also suggests penalties including fines and prison time for violations.
The bill, titled the Curbing Officials’ Income and Nondisclosure (COIN) Act, comes amid rising concern over the intertwining of politics and digital assets, particularly in the context of former President Donald Trump’s expanding crypto footprint.
The COIN Act proposes a strict ban on issuing, sponsoring, or endorsing any form of cryptocurrency, including meme coins, NFTs, and stablecoins.

New Bill Requires Disclosure of Digital Asset Sales Over $1,000
The new bill also mandates disclosure of any sale of digital assets worth over $1,000.
Violators, including a sitting president, would face a civil penalty equal to the amount of profit made and up to five years in prison.
Schiff directly linked the proposal to Trump’s crypto dealings. “President Donald Trump’s cryptocurrency dealings have raised significant ethical, legal and constitutional concerns over his use of the office of the presidency to enrich himself and his family,” he said in a statement.
However, the timing of Schiff’s move has raised eyebrows. Just last week, he voted in favor of the GENIUS Act, a bill establishing a regulatory framework for stablecoins in the U.S.

While the legislation restricts members of Congress and some executive officials from issuing stablecoins, it notably exempts the president and vice president.
Democrats initially balked at the GOP’s refusal to include language addressing presidential crypto conflicts in the GENIUS Act.
But facing pressure to push the legislation through, they ultimately relented. Schiff, along with 17 other Democrats, voted in favor.
Nine Senate Democrats joined Schiff in co-sponsoring the COIN Act. Seven of them also voted in favor of the GENIUS Act.
Other Democratic-led proposals targeting Trump’s crypto ventures include the MEME Act and the Stop TRUMP in Crypto Act, though none are expected to pass in a Republican-controlled Congress.

Trump Continues to Capitalize on Crypto Market Momentum
Meanwhile, Donald Trump continues to capitalize on crypto market momentum.
According to financial disclosures released last Friday, the former president pulled in $58 million from crypto ventures in 2024, primarily through WLFI token sales.
That total trailed only his hospitality income and is expected to climb further in 2025 with an anticipated $390 million token sale and gains from his meme coin, launched in January.
His involvement in Bitcoin mining, tokenized assets, and digital ETFs is raising concerns about potential conflicts of interest.
Critics have pointed out that some of his businesses have seen tailwinds from favorable policy decisions during his time in office.
As reported, the SEC has approved Trump Media and Technology Group’s (TMTG) registration statement tied to a $2.3 billion Bitcoin treasury initiative.
The June 13 filing covers 85 million shares, including 29 million linked to convertible notes.

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The American political scene is heating up again. Senator Adam Schiff has introduced a bill called the COIN Act, aimed at banning the U.S. President, their family, and top officials from profiting off cryptocurrencies. The reason? Concerns over corruption and abuse of power.

🔒 What Does the COIN Act Propose?
The COIN Act (Curbing Officials' Income and Disclosure) aims to prohibit U.S. presidents, vice presidents, and high-ranking officials from launching, promoting, or profiting from cryptocurrencies and digital assets. The restriction would also extend to their immediate family members.
Schiff describes the proposal as a direct response to Donald Trump’s crypto-related ventures – including his own TRUMP memecoin, involvement in the World Liberty Financial project, and a reported profit of $57 million from DeFi activities.
“President Trump and his allies have made millions from crypto schemes. The COIN Act aims to put a stop to this corruption,” Schiff posted on X.

⚖️ Ethics and Transparency in Focus
The bill is designed to raise ethical standards for public officials dealing with crypto. Violations could result in hefty fines or even imprisonment. The goal is to prevent conflicts of interest and ensure that those in power don’t exploit controversial technologies while in office.
Schiff added:
“Trump’s actions raise serious legal and constitutional concerns about exploiting presidential power for personal gain. This bill ensures no president can do that—now or in the future.”

⚠️ Trump’s Crypto Past Under Scrutiny
Trump has been building his crypto reputation in recent months. His company, Trump Media & Technology Group, reportedly secured $2.5 billion to build a Bitcoin treasury. He has also been linked to several token and NFT projects, from which he personally profits.
Although the COIN Act targets Trump directly, it ironically contradicts another bill recently supported by Schiff — the GENIUS Act. That legislation bans certain executive officials from issuing stablecoins but specifically exempts the president and vice president.
This inconsistency is now raising fresh debates about who should be allowed to operate in the crypto space — and under what conditions.

#crypto , #Regulation , #TrumpCrypto , #BTC , #CryptoMarket

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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.“

Federal Reserve Chair Jerome Powell has officially endorsed U.S. banks’ participation in the cryptocurrency sector, marking a historic regulatory shift. Banks are now allowed to offer crypto services—such as custody, trading, and payment facilitation—so long as they manage risks responsibly. This removes the longstanding “reputational risk” barrier that kept banks on the sidelines.
🔑 Key Highlights:
✅ Banks Can Now Serve Crypto Clients
Financial institutions can provide crypto services—such as custody, trading, and payment facilitation— to crypto firms and clients without regulatory penalties, as long as they follow sound risk management practices.
🛑 Reputational Risk Is Out
The Federal Reserve no longer considers reputational risk a valid reason to restrict banks from engaging with digital asset companies.
📝 Regulatory Clarity Improves
This builds on April 2025 guidance, which scrapped the pre-approval requirement for crypto involvement by banks.
📣 Banks Respond Positively
Regional and national banks are already exploring crypto custody, stablecoin payment rails, and even digital asset wealth management products.
🚀 Crypto Industry Cheers the News
Leaders across the ecosystem call this a major milestone for mass adoption and institutional involvement.
____
📈 What It means for Investors?:
🔒 Increased Trust & Institutional Support
Bank-backed crypto services may attract more cautious investors previously deterred by the unregulated nature of the space.
💹 New Investment Opportunities
Investors can expect diversified crypto investment products—offered within familiar, regulated platforms.
📲 Simplified Access via Banks
Buying, selling, and holding crypto through your regular bank app could become the norm.
____
🏦 What It means for Bank Clients?:
💼 Crypto Within Traditional Accounts
Clients may soon manage both fiat and digital assets in the same dashboard—complete with advisory services.
🛡️ Better Security & Oversight
Enhanced consumer protections and standardized risk protocols will likely accompany bank-managed crypto services.
____
💹 What It means for Centralized Exchanges (CEXs)?:
🏃‍♂️ Increased Competition from Banks
As banks enter the crypto service space, major exchanges like Coinbase, Kraken, and Binance US may face competition from trusted legacy institutions.
🤝 Opportunity for Partnerships
Some CEXs could pivot to become backend providers or white-label platforms for banks launching crypto services.
⚖️ Push Toward Compliance & Transparency
Banks’ involvement may pressure CEXs to match regulatory and consumer protection standards—or risk losing market share.
____
🌐 What It means for DeFi?:
🏗️ Bridges Between DeFi and TradFi Could Strengthen
As banks learn more about digital asset infrastructure, integrations with decentralized protocols for yield, lending, and swaps may accelerate.
🛑 Regulatory Spotlight Intensifies
With banks in the picture, regulators may apply greater scrutiny to DeFi platforms, especially those offering similar services without compliance frameworks.
🚀 Legitimization & Institutional Onboarding
DeFi protocols could benefit from partnerships with compliant banks seeking on-chain efficiency and innovation.
____
🏛️ What It means for Regulators?:
🧭 Time to Lead, Not React: The Fed's proactive move puts pressure on the SEC, CFTC, and others to clearly define crypto rules.
⚖️ Need for Unified Standards: Fragmented oversight must evolve into a cohesive regulatory framework across financial sectors.
🧠 Emphasis on Risk-Based Approach: The shift moves away from vague concerns toward clear, risk-driven supervision.
📢 Global Implications: Other countries may follow the U.S. lead in enabling regulated bank involvement in crypto.

🌟 The Bottom Line:
The Fed’s green light marks a transformative moment. For banks, it's permission to innovate. For investors and clients, it's access to crypto through familiar, regulated channels. For CEXs and DeFi, it's both a challenge and an opportunity—to adapt, collaborate, and evolve in a maturing digital asset ecosystem.
#FederalReserve #Regulation