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White House Chief Crypto Advisor Patrick Witt stated that the U.S. crypto market structure bill, the Clarity Act, is a "pro-regulation, pro-enforcement" piece of legislation, pushing back against criticism from some enforcement agencies that it is insufficient to prevent financial crimes.With the midterm elections approaching, the window for Congress to pass the bill is narrowing. Senator Cynthia Lummis warned that if progress cannot be made this year, the bill may not be seriously considered again until after 2030.Currently, the Clarity Act still faces multiple controversies, including arrangements for stablecoin yield, conflicts of interest related to Trump-affiliated crypto businesses, and whether anti-money laundering standards are stringent enough. The latest version also incorporates the Blockchain Regulatory Certainty Act (BRCA), pushed by DeFi advocates, which aims to clarify that non-custodial developers should not be considered money transmitters.However, some law enforcement groups and lawmakers worry that the BRCA and certain provisions of the bill could weaken the ability to trace illicit funds and recover victim assets. Witt countered that lawmakers have already responded to these concerns ahead of the Senate Banking Committee vote by adding new provisions to strengthen the regulatory and enforcement framework. (The Block)
Odaily news, US Treasury Secretary Scott Bessent stated at a Senate Finance Committee hearing that the Treasury Department is steadily advancing the establishment of a strategic Bitcoin reserve. Meanwhile, Scott Bessent urged lawmakers to support the digital asset regulatory bill "Clarity Act" and expressed hope that it would pass this summer, in order to bring US best practices home and make America the world’s innovation capital.Regarding the strategic Bitcoin reserve, Scott Bessent noted that while the process is complex, it is moving forward, ensuring the adoption of best practices amid the complexities so that it can be sustainable in the future. (The Block)
Bitwise Chief Investment Officer Matt Hougan stated that as U.S. stocks continue to rise, AI stocks attract significant capital, and the regulatory outlook for the U.S. "Clarity Act" remains uncertain, crypto assets are transitioning from past momentum trading to longer-term fundamental "contrarian bets."Hougan pointed out that against the backdrop of the Nasdaq 100 index rising 43% year-over-year and AI concepts dominating market attention, the appeal of allocating crypto assets for institutional investors has diminished. However, this does not mean the crypto industry is disappearing; rather, the investment logic is changing, requiring a longer-term perspective and stronger fundamental judgment.He also noted that the current "crypto winter" differs from the past, as funds are no longer simply flowing into large-cap assets like Bitcoin but are beginning to reward projects with independent fundamental narratives. For instance, Hyperliquid, BNB, Zcash, and Stellar have all seen notable gains recently, indicating that the market is placing greater emphasis on the actual progress and differentiated logic of specific projects.
Coinbase Ventures stated it has invested in Ethena by purchasing ENA tokens on the open market. Following the announcement, ENA rose approximately 6% over the past 24 hours.Ethena said the two parties will collaborate to advance on-chain finance and savings products. Coinbase also mentioned that they will establish closer cooperation, which involves Circle's stablecoin USDC.Ethena founder Guy Young stated that Ethena's products will be integrated with Coinbase's user base of over 100 million for the first time next week, to support its dollar savings products. The market is watching how the two parties will subsequently collaborate around USDC and Ethena's synthetic dollar, USDe. This move also comes as the US "Clarity Act" remains deadlocked in the legislative process. The bill concerns whether platforms like Coinbase can offer users rewards for holding stablecoins, while banking lobbying groups have consistently opposed similar stablecoin yield arrangements.
Bitcoin News posted on X platform, stating that the Clarity Act has been formally submitted by the US Senate Banking Committee and placed on the Senate legislative calendar. The committee voted to advance the bill on May 14. As of June 1, the relevant process has been completed, and the bill can now be scheduled for consideration by the full Senate, with the next major procedure being a full Senate vote.Currently, the bill has completed submission, committee hearings, committee review and amendments, passing the Senate Banking Committee with a vote of 15 in favor and 9 against, and has been placed on the Senate calendar. It awaits a full Senate debate and amendments, a full Senate vote, coordination between the House and Senate, and the President's signature.
the US Senate has returned from its Memorial Day recess, but with only about a four-week legislative window remaining before entering a two-week recess related to the July 4th Independence Day holiday, the crypto market structure bill, the Clarity Act, is facing time pressure to advance.The report indicates that during this period, the Senate must prioritize several agenda items, including the Department of Homeland Security appropriations, Pentagon budget supplements, and the extension of FISA Section 702 authorization, creating a highly congested legislative schedule. Even if the bill enters the deliberation phase, the associated voting process could take one to two weeks.Meanwhile, the bill itself is still in the coordination phase between versions from the Senate Banking Committee and the Agriculture Committee, with disagreements remaining on some key provisions, making negotiations relatively complex. The prolonged battles over issues such as stablecoin yields have already consumed significant political capital, while the current focus has shifted to unresolved clause differences within the Agriculture Committee's version.As the bill needs 60 votes in the Senate to overcome a filibuster, bipartisan consensus is critical. Several Democratic senators have indicated that ethical constraints on government officials' crypto asset holdings and the regulatory authority of enforcement agencies in the DeFi sector will be important prerequisites for supporting the bill.Analysts point out that even if it fails to pass before July 4, the bill could still advance before the August recess. However, if it is postponed deeper into the election cycle, its political momentum may face uncertainty. (Crypto In America)
According to a report by Forbes, JPMorgan CEO Jamie Dimon stated that the U.S. crypto market structure bill—the Clarity Act—allows crypto companies to offer deposit-like interest yields on products such as stablecoins, but without corresponding protections; such arrangements “could ultimately collapse,” and he personally will not participate in them. The report notes that disagreements between banks and crypto firms over whether stablecoin accounts may offer interest-like rewards persist, and the likelihood of the Clarity Act passing this year has dropped from nearly 70% to just above 50%. Affected by this uncertainty, Bitcoin recently fell below $76,000.
According to Cointelegraph, U.S. Senator Cynthia Lummis stated that if Congress fails to pass the digital asset market structure bill—the Digital Asset Market Clarity Act (the “CLARITY Act”)—the United States risks falling behind other countries, including China, in leadership on crypto regulation. She noted that enacting a comprehensive crypto regulatory framework would help ensure that other nations do not write the rules for the next era of finance. Earlier, in May, the Senate Banking Committee voted to advance the bill; however, it still requires passage by both chambers of Congress and the President’s signature before becoming law.
during a recent Senate Banking Committee hearing, substantial progress was achieved in advancing the Digital Asset Market Clarity Act (CLARITY Act). The bill passed with a 15-9 vote, moving to the full Senate for consideration.Several bipartisan lawmakers emphasized during the discussions that the United States urgently needs to establish a unified regulatory framework for digital assets, clarifying asset classification, trading platform oversight, and market structure rules to provide long-term certainty for the industry. Angela Alsobrooks pointed out from a family perspective that younger generations show a natural interest in digital assets, and the regulatory system should strike a balance between "opportunity and protection" to prevent technological development from escaping regulatory oversight. Tim Scott stressed the need to advance legislation from the standpoint of economic opportunity and the American Dream, while Cynthia Lummis noted that the legislative process has already demonstrated a clear foundation for bipartisan cooperation.Supporters argue that digital assets have become an irreversible trend, with approximately 68 million Americans currently holding related assets. However, a significant volume of transactions still occur on overseas platforms, underscoring the urgent need for the U.S. to establish a domestic regulatory framework to enhance market transparency and investor protection. Analysts point out that the CLARITY Act is seen as a crucial complement following stablecoin-related legislation (the GENIUS Act). Without supporting rules at the market structure level, the U.S. risks losing its dominant position in the competition for digital financial infrastructure.As the bill advances to the full Senate, observers are closely watching whether it can complete final legislation based on bipartisan consensus, thereby establishing the core rules of the U.S. digital asset regulatory framework. (CoinDesk)
Investment bank TD Cowen stated that as the relevant political environment continues to deteriorate, the likelihood of the US crypto market structure bill, the "Clarity Act," passing this year is declining.TD Cowen analyst Jaret Seiberg pointed out that while the Senate Banking Committee advanced the bill earlier this month, this does not signify a substantive bipartisan agreement; rather, it merely pushes the controversy to the full Senate floor.The report indicated that the escalating controversies surrounding US President Donald Trump and his administration related to crypto in recent days are making it harder for Democrats to support the bill. If the bill does not include clear conflict-of-interest provisions, it will face even greater difficulty in gaining sufficient support in the current political environment.
: The U.S. Federal Reserve Board has released an updated streamlined master account proposal, detailing plans to provide payment system access to fintech and crypto companies. The proposal updates an information solicitation document first released in December 2025, envisioning that relevant companies would not need to be chartered as Office of the Comptroller of the Currency banks to access the payment system. The same week, U.S. President Donald Trump signed two executive orders: one requiring federal regulatory agencies to review existing policies to better integrate digital assets into the payment system; the other requiring the U.S. Treasury Department and regulators to strengthen rules related to the Bank Secrecy Act. The executive orders also direct the Federal Reserve to review arrangements for non-depository institutions and their payment account access, and to have Federal Reserve member banks assess whether they can independently provide payment accounts to relevant entities. The U.S. Senate Banking Committee previously voted to advance the Clarity Act. The Senate then entered a Memorial Day recess without voting on a reconciliation bill that includes funding for the Department of Homeland Security. (CoinDesk)
the proposed U.S. crypto market structure bill, the "Clarity Act," could foster a new "Yield-as-a-Service" market in the crypto industry. It may also push the sector away from a passive "hold-to-earn" model toward an AI-driven compliant yield infrastructure.Currently, the core of the debate centers on Section 404 of the bill, which would prohibit Digital Asset Service Providers (DASPs) from directly offering yields solely based on users holding a specific digital asset. Joe Vollono believes this means the industry will shift from "Hold-to-Earn" to "Use-to-Earn," making the future market more reliant on active and compliant yield strategies.Joe Vollono, Chief Business Officer at STBL, stated that the bill could drive development in areas such as DeFi infrastructure, treasury management, collateral management, automated capital management, on-chain lending, and reward systems. AI is expected to become a crucial foundational layer for coordinating regulated capital flows.At this stage, the Clarity Act has passed the U.S. Senate Banking Committee. It is expected to move next to a full Senate vote, where it will be reconciled with the version from the Agriculture Committee. The market generally believes this bill could, for the first time, establish a complete regulatory framework for the U.S. digital asset market, clearly defining the regulatory boundaries between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission for digital assets. This would pave the way for large institutional capital to enter the crypto market. (CoinDesk)
U.S. Senator Cynthia Lummis of Wyoming stated, “No rules do not mean no harm—rather, they mean no recourse,” and reiterated her long-standing advocacy for the passage of the Clarity Act, emphasizing that the bill aims to establish a clear regulatory framework for digital assets in the United States.
Odaily reports, In a recent video interview with Cointelegraph, Gate Founder and CEO Dr. Han stated that the crypto industry is transitioning from a primarily speculation-driven market towards a phase focused on infrastructure development and real-world applications. Dr. Han pointed out that stablecoins, RWA, AI, and asset tokenization are becoming core directions for the industry, and that clearer regulatory frameworks (such as the CLARITY Act) are expected to further drive innovation in DeFi, payments, and on-chain finance.Dr. Han also mentioned that high user entry barriers, security risks, and liquidity fragmentation remain significant challenges facing the industry. In the future, the crypto industry will further integrate with traditional finance, playing a more important role in areas such as payments, settlement, and the circulation of digital assets.Gate continues to deepen its multi-asset and TradFi strategy. In addition to expanding into assets such as stocks, metals, forex, indices, and commodities, it has also launched Pre-IPOs with the first project, SpaceX (SPCX). At the same time, as one of the first CEX platforms to integrate Polymarket, Gate is continuously promoting the development of the prediction market ecosystem, accelerating the construction of a comprehensive trading platform that spans crypto and traditional finance.
OdailyOdaily reports that Standard Chartered expects the market capitalization of tokenized on-chain assets to reach $4 trillion by the end of 2028, split evenly between stablecoins and real-world assets.Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, stated that established DeFi protocols with strong risk metrics will be the primary beneficiaries. The composability of DeFi is a core advantage, citing BlackRock's BUIDL fund, which has approximately $2.85 billion in assets under management, as an example. BUIDL allows investors to earn yield while using the fund as collateral and maintaining liquidity. The passage of the Clarity Act is seen as a near-term catalyst accelerating the shift from traditional channels to DeFi.Data shows that Aave, the largest DeFi lending protocol, once ranked 38th among US banks in terms of asset size. Daily on-chain stablecoin lending volume stands between $1.5 billion and $2 billion. The lending product offered by Coinbase in partnership with Morpho has reached a loan size of $1.75 billion. (The Block)
: White House Crypto Policy Advisor Patrick Witt stated that if the Clarity Act passes smoothly, it could provide approximately 90% of the regulatory framework and policy certainty needed by the crypto industry. The bill is seen as one of the most critical pieces of legislation in the current U.S. crypto regulatory system, expected to strike a significant balance between compliance, market structure, and industry development. (Cointelegraph)
Arthur Hayes stated he hopes President Trump will veto the Clarity Act if it reaches his desk, arguing that cryptocurrency can survive without regulation and that it's all about the macroeconomy.
The Hyperliquid Policy Committee (@hyperliquidpc) recently traveled to Washington, D.C. to meet with policymakers and discuss regulatory pathways amid the advancement of the Clarity Act legislation. Topics covered included Hyperliquid’s value proposition for U.S. consumers, global demand for on-chain trading, and foundational principles of DeFi markets. Jeff.hl noted bipartisan support among policymakers for prudent cryptocurrency regulation and expressed optimism about making formal U.S. user access to Hyperliquid a reality.
the U.S. Senate Banking Committee has advanced the crypto market structure bill, the Clarity Act, by a vote of 15 to 9. The bill aims to establish a comprehensive regulatory framework for the crypto industry at the federal level for the first time, garnering support from Democratic Senators Ruben Gallego and Angela Alsobrooks.While the industry generally views the committee's passage as positive progress, analysts believe the bill still faces significant obstacles before becoming law. TD Cowen has raised the bill's passage probability from approximately one-third to 40%, noting that some Democratic lawmakers are showing willingness to find a path to support it, though substantive disagreements have not been fully resolved.Previously, the bill had long been affected by issues such as stablecoin yield arrangements, conflicts of interest, and ethical provisions. Additionally, to overcome a filibuster in the Senate, the bill will need to secure more Democratic support than it currently has. Benchmark analysts also pointed out that the current number of supporting votes is insufficient to ensure its eventual passage. (The Block)
CoinShares tweeted that the cryptocurrency market saw a net outflow of $920 million this week. In the short term, macroeconomic headwinds continue to dominate: PPI data came in higher than expected, U.S.-Iran tensions pushed oil prices higher, and the Federal Reserve’s room for rate cuts is constrained—Bitcoin fell 1.4% this week. Meanwhile, the U.S. Senate Banking Committee passed the Clarity Act by a vote of 15–9, bringing long-term regulatory direction into sharper focus. CoinShares noted that the market is currently caught in a tug-of-war between short-term macro pressures and long-term regulatory tailwinds.