# CLARITY Act Related Articles

HTX News Center provides the latest articles and in-depth analysis on "CLARITY Act", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

CLARITY Act Passes Crucial Hurdle, But a Long Road Remains Ahead

The CLARITY Act, a major U.S. digital asset market structure bill, has advanced from the Senate Banking Committee with a 15-9 bipartisan vote, ending a four-month legislative standstill. The bill's core aim is to resolve the long-standing jurisdictional conflict between the SEC and CFTC by clearly defining which digital assets are securities or commodities. It also establishes rules for exchanges and custodians while providing protections for non-custodial software developers and blockchain validators, shielding them from being classified as money transmitters. The committee's approval triggered a positive market reaction, with Bitcoin rising and crypto-related stocks outperforming the broader market. However, the passage was secured only after last-minute negotiations and compromises, including the addition of amendments on investor protection, bank activities, and defining "truly decentralized" DeFi projects. Two key Democratic senators provided the crucial swing votes but cautioned that their future support in a full Senate vote is not guaranteed. Significant hurdles remain. The bill must still pass the full Senate, requiring 60 votes, and a major point of contention is a Democratic demand for an ethics clause restricting financial ties between high-level government officials and crypto firms—a provision opposed by Republicans and the White House. Additionally, the bill must be reconciled with a version from the Senate Agriculture Committee. If not passed before the August congressional recess, the next viable legislative window might not open until 2030. The legislation also faced, and ultimately withstood, last-minute lobbying opposition from traditional banking groups concerned about deposit outflows to crypto. If ultimately enacted, the CLARITY Act would initiate a multi-year rulemaking process, with new regulations likely not taking full effect until 2027 or later. While a critical milestone, the path to becoming law remains a challenging race against time.

链捕手05/15 04:54

CLARITY Act Passes Crucial Hurdle, But a Long Road Remains Ahead

链捕手05/15 04:54

Morning Post | Digital Bank Fasset Completes $51M Series B Funding; Jane Street Increases Holdings in Ethereum ETFs and Galaxy Digital in Q1; SATA to Pay Cash Dividend Starting June 16

"ChainCatcher" News Summary: **Key Developments:** - **Jane Street**: Q1 saw significant reductions in Bitcoin ETF holdings alongside increased positions in Ethereum ETFs and Galaxy Digital. - **Morgan Stanley**: Substantially boosted Bitcoin ETF exposure in Q1, with holdings in BlackRock's IBIT surging 174%. The bank also initiated positions in a Solana ETF and increased Ethereum ETF holdings while exiting XRP ETF positions. - **CME Group**: Plans to launch Nasdaq CME Cryptocurrency Index Futures (subject to regulatory review) on June 8th, offering exposure to a basket of top cryptocurrencies. - **Fasset**: The stablecoin-focused digital bank completed a $51 million Series B round with investors including SBI Group. It facilitates over $32 billion in annual transactions across 125 countries. - **SATA Dividend**: Strive's perpetual preferred stock (SATA) will begin paying cash dividends daily starting June 16th, a first for a U.S.-listed security, offering an effective annualized yield of ~13.88%. - **Consensys**: Has delayed potential IPO plans until autumn due to unfavorable market conditions. - **CLARITY Act**: Bipartisan negotiations stalled, with Democrats remaining divided over specific provisions. **Market Trends:** - **Meme Tokens**: GMGN data shows top-traded tokens on ETH, Solana, and Base chains over the past 24 hours, including HEX, SHIB, PEPE, TROLL, and others. **Featured Analysis:** Articles explore Kraken's acquisition of payment infrastructure company Reap, how the proposed CLARITY Act could uniquely benefit Ethereum, the rapid valuation growth of AI firm Anthropic, and the strategic rationale behind Circle's new ARC token alongside its public stock (CRCL).

链捕手05/15 01:40

Morning Post | Digital Bank Fasset Completes $51M Series B Funding; Jane Street Increases Holdings in Ethereum ETFs and Galaxy Digital in Q1; SATA to Pay Cash Dividend Starting June 16

链捕手05/15 01:40

Wall Street's 'Compliance Hunt': The Great Stablecoin Reserve Migration

In a concentrated move over the past week, several Wall Street giants have advanced their tokenized money market fund initiatives, signaling a strategic shift driven by impending U.S. stablecoin regulations. JPMorgan Chase launched its second such fund, JLTXX, on Ethereum, explicitly targeting future stablecoin issuer reserve needs. Concurrently, Franklin Templeton partnered with Kraken to integrate its BENJI tokenized funds onto the exchange platform for use as collateral and cash management tools. BlackRock further solidified its position by filing for two new tokenized funds with the SEC, aiming to convert its massive traditional stablecoin custody business into a tokenized model. These parallel developments represent a multi-pronged institutional "compliance hunt" to capture future crypto liquidity. BlackRock and JPMorgan are focusing on the backend, preparing to serve as the core reserve and settlement infrastructure for compliant stablecoins as outlined by the GENIUS Act. This act defines strict "qualified reserve asset" requirements for stablecoin backing while prohibiting interest payments to holders. Franklin Templeton and Kraken, however, are exploiting a potential regulatory gap. By offering a tokenized fund (BENJI) that is not a stablecoin, they aim to provide yield-bearing, collateralizable digital cash instruments, circumventing GENIUS Act's ban on stablecoin yield. The impending CLARITY Act, which will delineate digital asset market structure, is seen as a complementary piece to GENIUS. Its treatment of passive income could solidify the niche for instruments like BENJI. With conservative market size estimates for tokenized money market funds reaching hundreds of billions by 2030, Wall Street institutions are positioning themselves early, using on-chain settlement as a key competitive differentiator to offer superior liquidity and composability for the next generation of dollar reserves.

marsbit05/13 05:15

Wall Street's 'Compliance Hunt': The Great Stablecoin Reserve Migration

marsbit05/13 05:15

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