On Tuesday, the Senate failed a key procedural vote (cloture): it needed 60 votes but got only 49, with all Democrats and four Republicans voting no.
• A major sticking point was ethics language around officials’ crypto holdings, not the core market-structure provisions.
• Analysts say the bill is “not fully dead” but the window to pass it this year is now extremely narrow, especially with midterms approaching.
Other notable crypto news today
• Circle launched the Arc mainnet, a new network for stablecoin and tokenized finance, with BlackRock and Visa among validators, and minted 10 billion ARC tokens.
• Deutsche Bank announced plans to offer Bitcoin and Ether custody for institutional clients in Europe, signaling growing traditional-finance infrastructure.
• Coinbase filed with the SEC to bring leveraged stock bets to the U.S., while also revising fees for active traders on Coinbase Advanced.
• Europol seized a $1.51B Bitcoin-mixing service (Cryptomixer), taking down servers and confiscating about $29M in BTC linked to ransomware/darknet laundering.
• South Korean investors are seeking a two-year delay on crypto taxation, per local reports.
• India’s parliamentary panel has wrapped a year-long crypto review, with a report expected soon.
• A major sticking point was ethics language around officials’ crypto holdings, not the core market-structure provisions.
• Analysts say the bill is “not fully dead” but the window to pass it this year is now extremely narrow, especially with midterms approaching.
Other notable crypto news today
• Circle launched the Arc mainnet, a new network for stablecoin and tokenized finance, with BlackRock and Visa among validators, and minted 10 billion ARC tokens.
• Deutsche Bank announced plans to offer Bitcoin and Ether custody for institutional clients in Europe, signaling growing traditional-finance infrastructure.
• Coinbase filed with the SEC to bring leveraged stock bets to the U.S., while also revising fees for active traders on Coinbase Advanced.
• Europol seized a $1.51B Bitcoin-mixing service (Cryptomixer), taking down servers and confiscating about $29M in BTC linked to ransomware/darknet laundering.
• South Korean investors are seeking a two-year delay on crypto taxation, per local reports.
• India’s parliamentary panel has wrapped a year-long crypto review, with a report expected soon.