Clarity Act, in the flesh, unveiled by U.S. Senate Banking Committee before hearing
The U.S. Senate Banking Committee released the Clarity Act's full text, a 309-page crypto market structure bill designed to regulate digital assets and stablecoins. Key provisions include restrictions on stablecoin yield payments and protections for decentralized finance developers. The committee votes Thursday, though an ethics provision remains unresolved, and final passage faces multiple hurdles before reaching President Trump's desk.
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Aave launches binding Arbitrum vote to move $71 million in disputed ETH
Aave launched a binding Arbitrum governance vote to transfer $71 million in disputed ETH from last month's Kelp DAO hack exploit. The proposal moves 30,765 ETH to Aave LLC custody per court order, amid competing claims from DeFi users and U.S. terrorism judgment creditors. Voting begins May 15, with legal restrictions remaining on asset use.
'Bitcoin transactions can be monitored’: Ray Dalio explains why central banks won’t touch BTC
Ray Dalio joins the privacy debate, saying Bitcoin’s full transparency makes it less likely to be adopted by central banks....