Prediction markets sharply marked down the crypto market structure bill’s near-term prospects as negotiations remained stuck hours before a key Senate vote.
Democratic Senators were said to be meeting late Monday to discuss the latest proposed draft text.
The SEC chair said crypto issuance, transfer agent modernization and custody will form the backbone of the agency’s regulatory push.
The state AGs said they were concerned the crypto legislation might restrict their ability to bring securities and commodities cases tied to online scams.
Kalshi and Polymarket bettors sharply raised the chances of U.S. crypto market structure legislation advancing, with Tuesday's Senate vote the next test.
There is no single cause for the crypto market's 50% decline over the past year, the Binance founder told CoinDesk.
The Clarity Act still faces several legislative hurdles, and disputes over stablecoin yield have emerged as a key sticking point, the bank said.
The Senate Banking Committee will debate amendments before ultimately voting on the market structure legislation on Thursday.
The Senate Banking Committee announced it would hold its markup hearing for the Clarity Act on March 14.
The United States needs to finally establish a clear framework that the market needs.
As the window narrows to pass a crypto market structure bill this year, lawmakers told bankers at a Washington summit that the final bill won't risk deposits.
At a Republican event, the U.S. president delivered a speech that doubled down on recent comments he won't sign anything else until he gets the voting bill.
Hopes are rising that the Clarity Act may soon see some forward motion.
The World Liberty Financial co-founder and presidential son posted about the ongoing negotiations on stablecoin yield on Wednesday.
U.S. President Donald Trump said in a post on Truth Social that the banking industry is trying to undermine the stablecoin bill he signed into law last year.
As much as crypto negotiators paint bank lobbyists' campaign against stablecoin yield as unfair, it landed a blow that one dramatic move could end.
JPMorgan said the long-awaited Clarity Act would bring regulatory clarity, boost institutional participation and accelerate tokenization across U.S. crypto markets.
The U.S. Office of the Comptroller of the Currency proposed rules that would govern stablecoins, including apparent limits on rewards that may affect Coinbase.
The more significant result from the U.S. Supreme Court's rejection of President Donald Trump's trade tariffs may be political, which could sting the industry.
Sources familiar with the talks on stablecoin yields say the White House urged bankers to get on board with a deal that lets the market structure bill advance.
In the latest of a series of meetings hosted at the White House, bankers and crypto policy experts met to break down the wall halting the market structure bill.
Legislators must choose whether America leads the next generation of finance or watches from the sidelines.
After the bankers shared a document at the White House demanding a total ban on stablecoin yield, the crypto side answers that it needs some stablecoin rewards.
Senator Mark Warner, a leading Democratic negotiator on the market structure bill, said he wants it to pass, and SEC chief Paul Atkins said durable policy actually requires it.
Stablecoin rewards programs were the primary business of a work session at the White House between crypto executives and banking representatives.
The bank trimmed its Coinbase revenue and earnings forecasts amid a brutal risk-off environment for crypto and delays around U.S. market structure legislation.
Treasury Secretary Bessent said market participants who don't want strong regulation should "move to El Salvador."
Patrick Witt, the president's digital assets adviser, told CoinDesk that anti-corruption provisions targeting Trump would not be acceptable.
Industry insiders met with David Sacks and others in President Donald Trump's administration to try to hash out the impasse over the Senate's crypto bill.
Washington is edging closer to a landmark crypto framework, though disputes over DeFi and stablecoin rewards risk pushing final passage beyond 2026.