U.S. Legislative and Regulatory Landscape
The Crypto Clarity Act continues to draw support from both regulators and the financial industry, but momentum appears uncertain. SEC Chairman Paul Atkins has publicly committed to helping advance the bill, which aims to establish clearer regulatory frameworks for digital assets. Major institutional investors—including BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi—have publicly endorsed the legislation, signaling broad institutional backing.
However, Senate passage remains in question. Recent reporting indicates that lawmakers had hoped to bring the bill to a vote within a week of coverage, but the timeline has reportedly tightened and the measure has been postponed. Industry participants have continued to advocate for the bill's passage, with Wall Street veteran Don Wilson of DRW arguing that regulators are mischaracterizing perpetual futures markets and that traditional finance should embrace crypto trading innovations.
Separately, Gabriel Perez, a Trump administration teleprompter operator who faced accusations of profiting from prediction market bets on Kalshi tied to President Trump's speeches, is no longer employed by the federal government, according to reporting from the Associated Press.
International Regulatory Developments
Myanmar's parliament has passed an anti-online scam bill that imposes severe penalties for cryptocurrency-related fraud. The legislation prescribes prison sentences of 10 years to life for perpetrators of crypto scams and those who operate scam centers, representing one of the world's most punitive regulatory responses to crypto fraud.
This article was written by our AI pipeline from aggregated headlines and live market data. Not financial advice.
AI Desk
Daily roundups drafted by our AI pipeline from aggregated headlines and live market data, reviewed by editors before publishing.