The CLARITY Act faces a tight timeline before the August recess, with only 34 Senate session days left. The Banking Committee portion passed with bipartisan support, but ethics restrictions and developer protections remain unresolved. Industry leaders urge swift action.
AAP MP Raghav Chadha urged the Indian Parliament to recognize cryptocurrencies as a formal asset class, citing a policy gap that has driven over 4.8 trillion rupees in crypto trading offshore. Despite no budget relief, mounting investor pressure keeps reform hopes alive.
The US Senate's Banking Committee released the Digital Asset Market Clarity Act of 2026, splitting SEC and CFTC oversight, allowing stablecoin interest, and blocking CBDC monetary policy use. Markup vote set for Jan 15.
A bipartisan group of U.S. House lawmakers introduced the PARITY Act, allowing a five-year tax deferral for staking and mining rewards, exempting small stablecoin transactions under $200 from capital gains, and extending wash sale rules to crypto.
Eleven bipartisan U.S. senators have called for a federal investigation into Binance, citing allegations that $1.7 billion in digital assets flowed to Iranian-connected entities, weak AML controls, and ties to Trump family ventures that may exacerbate sanctions evasion risks.
The Senate Agriculture Committee delayed the CLARITY Act markup to late January to avoid conflicts with the Banking Committee and secure bipartisan support. Coinbase's opposition over stablecoin rewards adds risk. Crypto market dropped, with BTC liquidations exceeding $500 million.
A new bipartisan bill in the U.S. would create an optional federal license for qualified payment providers and open a path to direct access to FedNow, Fedwire, and FedACH under OCC oversight.
Senator Tim Scott says bipartisan deal on CLARITY Act stablecoin yield rules is close, but Coinbase and other firms prepare a coordinated counterproposal. White House advisor also flags policy risks ahead.
