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Senate Republicans Post Revised CLARITY Act Text Five Days Before Cloture Vote
Senator Cynthia Lummis released a revised text of the Digital Asset Market Clarity Act on Thursday, five days before the Senate votes on whether to take the bill up, and without public backing from the Democrats whose votes decide the outcome. Cloture on ...
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TradFi & Fintech
Revolut Starts EURR Rollout With Bridge as Regulated Issuer
Revolut opens EURR to selected customers in three countries; Bridge reported €374 outstanding, compared with €394.5 million of Circle’s EURC.
Markets
Bitcoin Gives Back Its Overnight Gain As Brent Tops $100
Bitcoin reached $79,701.36 overnight and had round-tripped the move by midday in New York, leaving it flat over 24 hours. Ninety-three of the 123 largest non-stablecoin tokens are lower. Zcash holds a 56.3% weekly gain after DCG exchanged 85,705 ZEC for about $100 million of Grayscale's ETF, a swap disclosed in an 8-K filed Tuesday. U.S. spot bitcoin funds recorded their first outflow since Sept. 1.
Regulation
SEC Crypto Custody Rewrite Enters White House Review
The planned rule would cover advisers and investment companies and clarify digital-asset custody, following the withdrawal of a separate 2023 proposal.
CeFi & Stablecoins
Nasdaq Invests $100 Million in Kraken Parent Payward
Nasdaq Ventures agreed to put $100 million into Kraken's parent company, at a $21 billion valuation according to Bloomberg, and Payward will adopt Nasdaq's surveillance technology across its trading venues.