Harmony
6h Crypto Recap XRP, CLARITYAct, SWIFT, TAO, Bitcoin—Signals shift
A former federal prosecutor said the #CLARITYAct is effectively stalled, after behind-the-scenes talks in Congress failed to produce a workable path forward. The comments framed the bill as politically boxed in rather than technically unfinished ⚖️.
Separate reporting said the #SEC and #CFTC turf fight remains central to the #CLARITYAct debate, with lawmakers still split on how to divide crypto oversight. The uncertainty keeps market structure rules in limbo.
#SWIFT ran a weekend test tied to tokenized deposits with major banks involved, highlighting ongoing efforts to connect traditional payment rails with on-chain settlement. The trial focused on bank deposit tokenization rather than public stablecoins.
6h Crypto Recap: CLARITY Act, XRP, OP, ONE, Bitcoin—Heat rises
Ethics scrutiny around #CLARITY_Act talks intensified after criticism focused on Senator Gillibrand’s disclosed crypto connections. The debate centered on whether policy influence and industry ties are being separated clearly. ⚖️
#Russia advanced a new crypto framework that introduces a retail participation cap for crypto-related activity. The move signaled tighter guardrails for everyday users rather than a full ban.
#China directed fresh capital into tech-focused ETFs as part of a broader push to support domestic technology exposure. The shift drew attention to potential second-order effects on energy-heavy sectors linked to #Bitcoin mining. 🏭