Senate Banking Committee Advances Digital Asset Market Clarity Act with Bipartisan Support
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The Senate Banking Committee advanced the Digital Asset Market Clarity Act on a 15–9 vote Thursday, with Sens. Ruben Gallego (D‑Ariz.) and Angela Alsobrooks (D‑Md.) joining all 13 Republicans to move the sweeping crypto market structure bill to the full Senate.
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BloombergLong-Stalled Crypto Market Bill Wins Key Senate Committee Vote The Senate Banking Committee advanced a landmark digital asset market structure bill Thursday after months of negotiations, signaling fresh momentum for the long-stalled measure.
CNBCThe cryptocurrency industry notched a key win after a Senate panel on Thursday approved the Clarity Act, the first wide-ranging piece of legislation pertaining to the new industry.
RealClearMarketsCongress is finally moving toward cryptocurrency regulation. The problem is that policymakers still largely treat crypto as one homogeneous market.
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“The Democratic Party as a national entity has a severe brand problem,” Jones-DeWeever told The Epoch Times in an email. “Even in the midst of a historically unpopular president, they have managed to find a way to consistently garner lower favorability ratings than Donald Trump.
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Fortune“The Democratic Party’s brand is awful right now,” said Democratic strategist Josh Schwerin. “The combination of the brand problem and the existential nature of the threat that our country is facing requires us to have a big tent and look for candidates who can win.”
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The Democrats’ fundraising site, ActBlue, serves some of the independent candidates, as do popular Democratic-allied website builders. At the same time, some of the party’s campaign committees in Washington quietly provide logistical support in some cases, while avoiding public criticism of the independent candidates even in some races where there is a Democratic nominee.
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ZeroHedgeNational party committees serve a different function than campaigns, at least as the law allows for today. While a Senate candidate raises money to win a single race, as Martin said in the podcast interview, the DNC is responsible for infrastructure that connects all Democratic campaigns together—the voter file that every candidate “from school board to president” relies on, voter registration drives, state party support, legal challenges, and the national get-out-the-vote operation.
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Chair Tim Scott, R-S.C., said it was important to move the measure forward to provide guidance and standards for the crypto industry.
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ZeroHedgeChair Tim Scott (R‑S.C.) cast the markup as a turning point after years in which crypto firms operated in what he called a “regulatory gray zone” under “outdated rules.”
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During the committee meeting, Democratic senators offered amendments to address some of these issues, but all were either voted down or Scott said they were not written correctly and did not allow them to be offered.
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ZeroHedgeLater, seeking a bipartisan outcome, Scott reinstated several amendments, including Lummis 122, after Democrats such as Warner and Gallego said committee votes on those compromises would make support easier. Warren objected that he was reviving a subset of Republican‑side language while leaving law enforcement and community‑bank proposals sidelined.
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Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 ZeroHedge "A Breakthrough": White House Says Strategic Bitcoin Reserve Announcement Is Imminent "A Breakthrough": White House Says Strategic Bitcoin Reserve Announcement Is Imminent Authored by Micah Zimmerman via BitcoinMagazine.com, The White House is on the verge of a formal announcement on the U.S. Strategic Bitcoin Reserve — and the official leading the charge says the hard part is done. Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, told an interviewer this week that the administration has cleared a major legal hurdle in standing up the reserve. “We’ll have an announcement,” Witt said. “I wish I could say more… It’s a breakthrough as far as getting everything in place, legally sound, properly safeguarding the assets.” The signal follows a similar d
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02 Fortune Democratic leaders, desperate to compete in red states where their party brand is toxic, are embracing something new this midterm season: not backing Democrats.
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03 New York Post Business The barriers that have long blocked Pot Inc. from access to banking services may soon crumble, setting the stage for exponential growth in the $50 billion cannabis business, On The Money has learned.
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04 CNBC Maine might send Sen. Susan Collins packing after this year's midterm elections. That decision could come back to bite the Pine Tree state's balance sheet for years to come.
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05 Common Dreams "Susan Collins cares far more about protecting bank executives’ millions than protecting the rest of us from BS overdraft fees," said Platner's campaign manager.
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- rcmarkets
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- zerohedge
- commondreams