News linked to this event type.
According to Yonhap, the share swap transaction between Upbit's parent company Dunamu and a subsidiary of South Korean internet giant Naver may face uncertainties. Documents disclosed by the Legislative Affairs Research Division of the National Assembly indicate that the transaction may simultaneously be subject to the minimum shareholding requirement for subsidiaries stipulated in the Fair Trade Act, as well as restrictions on the maximum shareholding by major shareholders of virtual asset exchanges.
Block CEO Jack Dorsey has expressed support for review, independent evaluation, and planning of frontier AI, but opposes governments and leading AI companies negotiating industry-wide development restrictions.He advocates for an open-release approach that allows outside parties to reproduce results, identify problems, and develop alternatives, and supports providing models, computing power, and public infrastructure to independent researchers and safety researchers.Block is developing open-source AI tools and provides Bitcoin-related services across products including Square and Cash App. The company has also launched the open-source AI agent goose, and is developing Bitcoin mining hardware Proto and hardware wallet Bitkey. (Bitcoin.com News)
CZ posted on X, stating: "KYC is not just 'killing your customers.' It tries to tie people to the land, just like feudalism once did. People can move freely, staying from one hotel to another. But KYC requires everyone to have a 'permanent address,' which is a discriminatory policy against free individuals."
According to Cointelegraph, former US Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo stated that despite the CLARITY Act facing setbacks in the Senate, the US Securities and Exchange Commission (SEC) and the CFTC will still proceed with drafting crypto regulations.
Odaily News: CZ reposted on X the summary by Compound's founder regarding the CLARITY Act's failure to pass the Senate procedural vote, and stated that if there is one positive aspect, it is that stablecoins can still continue to offer yields.CZ said that setbacks are always encountered along the way, but technological progress will continue. "Keep moving forward."
overseas crypto KOL Brady Dale posted on X, stating that three individuals are to blame for the failure of the CLARITY Act.The first chief culprit is Trump, whose sin lies in launching a token, making moral justice the ultimate core point of contention.The second chief culprit is Republican Senator Tim Scott, whose sin lies in stubbornly insisting that the Senate waste enormous time cooking up its own version, squandering what little momentum the earlier GENIUS Act had painstakingly built up.The third chief culprit is Republican Senator Cynthia Lummis. As early as last fall, I already felt this whole thing was doomed.
Japan's Financial Services Agency has published its "Fiscal Year 2026 Financial Administration Policy," proposing to clarify the technical, institutional, and regulatory challenges of onchain finance through public-private practical verification and dialogue, while ensuring user protection and financial system stability, and to build financial infrastructure that is both convenient and competitive.Japan's Financial Services Agency will also advance the shortening and upgrading of securities settlement processes in conjunction with the development of asset tokenization, and plans to establish an onchain finance forum for the AI era to discuss the application of digital finance, decentralized finance, and AI technology in the financial sector.
Odaily reports: U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins stated that he has directed staff to draft a proposal that would allow investment advisers to directly custody crypto assets for clients and regulated funds under certain conditions, and is considering permitting state trust companies to serve as custodians.Atkins noted that qualified third-party custodians do not yet exist for certain crypto assets. The custody proposal is one component of the SEC's crypto regulatory framework, following the SEC's amended crypto asset custody rules that entered White House review in August.The framework's other two components include the Crypto Asset Regulations proposed on August 18 and the transfer agent rule modernization plan, which respectively address crypto asset issuance and transfer. Atkins also urged Congress to advance the CLARITY Act, but the bill failed to advance in a Senate procedural vote on September 15 with 49 votes in favor and 50 against. (Bitcoin.com News)
Odaily News: Tim Scott, Chairman of the U.S. Senate Banking Committee, stated on X that nearly all Senate Republicans voted in favor of advancing the CLARITY Act, but the motion failed to pass due to opposition from Senate Democrats.
According to Bloomberg, Meta CEO Mark Zuckerberg stated that artificial intelligence labs should rely on independent evaluation agencies and consultants to review model safety, describing such practices as an industry best practice. Currently, the global technology sector continues to discuss how to establish artificial intelligence security safeguards to mitigate potential risks posed by these systems.
a16z partner Chris Dixon posted on X regarding the CLARITY Act's failure to pass a procedural vote in the U.S. Senate, stating that despite disappointment with the vote outcome, the fundamentals of the crypto industry remain stronger than ever.Dixon said that billions of dollars are now flowing on-chain, leading payment companies and financial institutions are adopting blockchain technology, and entrepreneurs worldwide are developing new financial products. a16z's related work in Washington is far from over, and it will continue to push for clear regulatory rules that both protect consumers and support entrepreneurs' development.
Odaily Report: Ripple CEO Brad Garlinghouse posted on X regarding the CLARITY Act's failure to pass a procedural vote in the U.S. Senate, stating that the outcome is disappointing. The Ripple team and the crypto industry invested significant effort in pushing for the bill's passage, but ultimately fell short.Garlinghouse stated that the U.S. crypto industry still has reason to remain optimistic, as the SEC and CFTC will continue to develop relevant rules to fill the legislative gap left by the CLARITY Act's failure to advance, and Ripple will continue to participate in the rulemaking process. He also stated that this voting failure will not change Ripple's business momentum, global expansion, or customer demand.
Odaily reports: Crypto trader Bonk Guy posted on X that, with the CLARITY Act failing to pass and the broader crypto market under pressure, USELESS has continued to show notable relative strength, outperforming BTC, SOL, DOGE, and PEPE across multiple timeframes.Bonk Guy reiterated that he believes USELESS has the potential to become a gainer similar to DOGE and SHIB, calling it "the meme coin of this cycle."According to GMGN data, USELESS currently has a market cap of $217 million, with a 24H gain of over 10%.
Odaily reports: U.S. Senator Cynthia Lummis, one of the main drafters of the CLARITY Act, issued a statement after the bill failed to advance, accusing Senate Democrats of "never truly being serious about protecting consumers and preserving American leadership."Lummis said that over the past year she had been negotiating with Democratic lawmakers, but after Republicans met their demands, Democrats kept raising new ones and "constantly moving the goalposts." She said Democrats voted that day against restricting political figures' personal crypto investments, and also against protecting consumers from the scams and fraud the bill was intended to target.Lummis further accused Democrats of "choosing politics over the American people," arguing that the move cedes America's leadership in digital assets to overseas competitors and could push some crypto businesses to relocate abroad. She also leveled a series of criticisms at Democrats, including being "anti-consumer, pro-illegal finance, and anti-business freedom."
According to Bitcoin News monitoring, JAN3 has stated that its newly launched swap infrastructure Indra has suffered a denial-of-service attack, and the team has temporarily disabled forward swaps while investigating. Swaps already in progress may experience delays. Indra, developed by JAN3, is designed to replace Boltz in Aqua, enabling users to move Bitcoin between Lightning and Liquid, though Liquid peg operations remain restricted.
Odaily Report: Brian Armstrong posted on X platform that the CLARITY Act failed to advance in the Senate today, which is disappointing. Bipartisan dialogue may continue, and the bill could be reintroduced in the future, but we can no longer wait for Congress. The SEC and CFTC can establish clear rules under existing authority, and he expects both agencies to begin seriously advancing this work, so regardless, cryptocurrency regulatory clarity will come.Brian Armstrong stated that the GENIUS Act has become the current law in the stablecoin space, with more lenient provisions on rewards. He said that relevant teams made some unacceptable concessions in the CLARITY Act, so the bill's failure to advance may be the best outcome. Cryptocurrency cannot be eliminated, and as regulators gradually clarify the rules, relevant parties will continue to push for updates to the financial system.
Odaily News: U.S. Democratic Senator Elizabeth Warren stated that she still hopes to push a crypto regulatory bill into law, but does not support the current version of the Clarity Act.Warren said the Clarity Act is Washington's first opportunity to achieve "meaningful crypto regulation," but any bill must include several core elements: regulating public officials' crypto investments, protecting national security and consumers, and strengthening the fight against illicit finance and terrorist financing.Her stance could become more critical next year. If Democrats regain control of the Senate after the November election, Warren could become chair of the Senate Banking Committee, one of the key bodies for digital asset regulatory legislation. The article notes that Kalshi prediction markets currently show a 52% probability of Democrats retaking the Senate.When asked whether she would lead crypto legislation if she headed the Banking Committee, Warren said she would be willing. She said she is willing to sit down with Democrats, Republicans, and the industry to craft a crypto bill that protects national security, protects the economy, and reduces corruption.
The U.S. Senate failed to pass the Digital Asset Market Clarity Act, receiving only 49 votes in support. The bill was primarily stalled due to disagreements between the two parties over ethical restrictions on President Trump's crypto holdings. Republicans accused Democrats of refusing to compromise, and negotiations ultimately broke down.
The U.S. Senate failed to advance the Clarity Act due to insufficient votes, triggering a broad decline in crypto-linked stocks, with Coinbase and Circle each dropping over 10% intraday.
U.S. House Speaker Johnson announced that he has spoken with Trump and plans to convene executives from multiple AI vendors at the White House for an important meeting in the coming week. Johnson emphasized the need to establish balanced regulatory guardrails for AI technology development through independent audits and transparency mechanisms.