CLARITY ACT AWAITS SENATE AFTER HOUSE PASSAGE
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
The CLARITY Act passed the House in July 2025 but stalled in the Senate, leaving the most significant U.S. crypto market-structure reform in legislative limbo. Rebecca Rettig, CLO and COO at Jito Labs, expressed optimism about the bill's prospects.
■ MORE FROM THE CRYPTO DESK
Visa's stablecoin settlement pilot has expanded to support nine blockchain networks and reached a $7 billion annualized transaction rate. The payments giant now includes Base, Polygon, Canton Network, Arc, and Tempo among its supported platforms.
Kraken, the cryptocurrency exchange planning a U.S. public listing, is pursuing a full banking license in Europe with Lithuania as its target jurisdiction.
The cryptocurrency sector is in a holding pattern as it awaits details on potential regulatory legislation, according to Arianna Simpson, former Andreessen Horowitz general partner. Bitcoin has retreated from its October peak of $126,000.
Ripple received Crypto-Asset Service Provider (CASP) authorization from Luxembourg's financial regulator CSSF, achieving full Markets in Crypto-Assets (MiCA) compliance. The approval enables the company to offer crypto services across all 30 European Economic Area countries.