Crypto Exchanges
By Pankaj K
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Prediction Markets Split on the Odds. Not everyone's reading the situation the same way. Kalshi users currently put an 88% probability…
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Trump's Crypto Ties Complicate Bipartisan Talks. The ethics piece is probably the messiest part of all this.
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What the Industry Is Watching Now. The wait is hard. Companies operating in the digital asset space are making real business…
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The Senate punted. The CLARITY Act — the most sweeping crypto market structure bill the House has passed in years — won't get a floor vote until September at the earliest, and…
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Senate Majority Leader John Thune filed a cloture motion to bring the Digital Asset Market Clarity Act to a vote when the Senate reconvenes mid-September, after a month-long…
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Senator Cynthia Lummis said she was frustrated. Coinbase's leadership called the delay disappointing but said September still represents a real opening.
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Not everyone's reading the situation the same way. Kalshi users currently put an 88% probability on a Senate vote happening before October 1.
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If the Senate does pass CLARITY, it doesn't go straight to the President. It heads back to the House first before it can reach the President's desk.
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Bitmine Chair Tom Lee had a cooler read on the market reaction. He said markets seem more focused on economic data right now than on what the bill does or doesn't do.
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The ethics piece is probably the messiest part of all this. Bipartisan negotiations have stalled partly because lawmakers can't agree on how to handle rules tied to Donald…
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More context: CLARITY Act Cloture Vote Puts 60-Vote Threshold at Center of Crypto Regulation Fight
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And that standoff isn't going away. With midterm elections approaching, the political calculus gets more complicated by the week.
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Banking groups have their own objections. Their concern is specific: the CLARITY Act, as written, could allow companies to pay interest on stablecoin holdings.
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The wait is hard. Companies operating in the digital asset space are making real business decisions right now — about product launches, compliance structures, market entry —…
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The broader frustration isn't just about speed. It's about the gap between where crypto markets actually are — mature, institutionalized, globally interconnected — and where U.S.
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