Clarity Act Stalls in Senate
Digest more
Securities regulators in the U.S. say they plan to move forward with regulations to govern cryptocurrencies as the
Crypto's growing influence in Washington ran into a powerful counterweight as banks mobilized against key provisions and Democrats hardened their demands over ethics rules.
Michael Selig and Paul Atkins pledged to use their agencies’ existing powers to provide crypto clarity after the failed Senate vote.
The bill would exempt qualifying crypto fees from gain-or-loss calculations and restrict tax-loss deductions on tokens sold and quickly repurchased.
SEC Chairman Paul Atkins announced Project Crypto to deliver digital asset regulatory clarity, moving forward independently after the CLARITY Act
The government watchdog of Wall Street announced the long-expected move on Thursday. The decision could transform U.S. stock exchanges.
As the parties dig in their heels, the market structure bill hasn't yet amassed the votes it would need to clear the first Senate hurdle scheduled for Tuesday.
Bitcoin, crypto stocks and digital assets slipped as Wall Street braced for two major Washington decisions.