1 dni temu
Patrick Witt urges compromises to secure 60 Senate votes for crypto bill
On Tuesday, Patrick Witt said the crypto market structure bill will need concessions to reach 60 votes in the U.S. Senate. The Banking and Agriculture Committees delayed Thursday markups to build bipartisan support, while Coinbase's Brian Armstrong withdrew backing, saying he'd "rather have no bill than a bad bill." The proposal aims to define SEC and CFTC oversight, and Witt urged pragmatism to keep momentum.
1 dni temu
1-19
US Senate Judiciary leaders push to strip developer protections from crypto market bill
On Jan. 12, a draft US crypto market structure bill incorporating Blockchain Regulatory Certainty Act provisions sparked opposition from Senate Judiciary leaders Charles Grassley and Richard Durbin. They urged Senate Banking Committee chair Tim Scott and Elizabeth Warren to remove protections for crypto developers, warning the language would weaken unlicensed money transmitting laws and create an enforcement gap for decentralized platforms. The bill must clear the Banking and Agriculture Committees and secure 60 votes in the Senate, while major industry lobbyist Coinbase has already withdrawn its support over multiple provisions.
1-19
1-19
Canaan faces potential Nasdaq delisting if share price stays below $1 into July 2026
Crypto mining hardware maker Canaan Inc. disclosed on Friday that it received a Nasdaq notice on Wednesday after its shares traded below $1 for 30 consecutive business days. The firm has until July 13 to lift its closing bid to at least $1 for a minimum of 10 straight trading sessions or risk being removed from the exchange, with a possible extension involving a reverse stock split.
1-19
1-12
Seven UK committee chairs urge Keir Starmer to prohibit political donations made in cryptocurrency
Seven Labour MPs who chair UK parliamentary committees have written to Prime Minister Keir Starmer asking for a ban on political donations in cryptocurrency to be written into an upcoming elections bill. They argue that crypto-based funding can obscure the source of money, enable undisclosed micro-donations and increase the risk of foreign interference, a move that could particularly impact Reform UK's previously announced plans to accept crypto.
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1-9
New York ORACLE Act Returns to Restrict Sports, Political and Death Prediction Markets
New York Assembly member Clyde Vanel has reintroduced the ORACLE Act, a bill seeking to curb which event contracts platforms like Kalshi and Polymarket can list in the state. The proposal would prohibit certain prediction markets tied to sports matches, political outcomes, deaths, catastrophic events and public company stock prices, while imposing fines of $1 million per day on noncompliant operators. It also requires platforms to offer user self-exclusion tools and limits on time and money spent.
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