The National Sheriffs’ Association just sent Senate leaders Thune and Schumer another warning on the CLARITY Act.
Their concern: Section 604. NSA argues it creates broad exemptions from KYC, AML, registration, and sanctions requirements for certain DeFi participants. They say it could let illicit actors exploit platforms designed to obscure transactions.
This is the 3rd letter. NSA first raised it May 13 to Senate Banking, then joined a coalition letter in June. Now they’re pushing again as the Senate recess deadline nears.
The Blockchain Association pushed back. Policy Head Lindsay Fraser says the NSA’s position comes from a “fundamental misunderstanding.” Industry argues Section 604 shields _non-custodial software developers_ — not the criminals.
Core dispute: Does protecting non-custodial devs open a loophole, or is it necessary to keep DeFi innovation legal in the US? #CLARITYAct #Cryptoregulation #AML
$BICO is trading around $0.0156 after a long period of consolidation, with buyers defending a key support zone. If this level holds, it could mark the beginning of a strong bullish reversal and open the door to higher price targets.
Babylon isn’t the only project chasing the shared security narrative which is way more important than normal move on kind of stuff— it’s just the one doing it with Bitcoin instead of Ethereum which is already in abundent.
EigenLayer pioneered restaking on Ethereum’s already-massive staked capital base and got geeat results already
Solayer and Pendle are competing for yield-bearing capital across both ecosystems which seems impactful as of now
@BabylonLabs_io edge is scale of underlying asset which is way more than underrated — Bitcoin’s total market cap dwarfs ETH’s staked supply — but it’s also the newest entrant with the least mature token economy which is worth attention.
First-mover TVL doesn’t guarantee lasting share of capital or attention in a space which is already way more crowded than normal.
In the Bitcoin-security-sharing race, does being first matter more than being best consider that — and has Babylon proven it’s both?
$RE is reclaiming the key $0.50 support zone, signaling buyers are stepping back in. A confirmed breakout above $0.60 could fuel the next bullish leg toward $0.75–$1.00.
$PUMP is consolidating at long-term support, indicating potential accumulation. A successful breakout may trigger a strong recovery toward the $0.004–$0.0055 range. Price targets are based on technical analysis and are not guaranteed
$AGLD is currently trading around $0.22, sitting on a major multi-year support zone If buyers defend this level, the first target is the $0.90–$1.00 area, followed by the key resistance zone around $1.10–$1.25.
A successful breakout above that range could open the path toward $2.00+ in the next bullish phase.
As long as price remains above the $0.20 support, the long-term risk/reward remains attractive, but losing this level would invalidate the bullish setup. 🚀