CLARITY Act Senate showdown

May 27, Senator Cynthia Lummis warned the CLARITY Act must pass this session to prevent developers from facing prosecution for publishing code. The bill aims to define digital assets and split oversight between SEC and CFTC.

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$BTC


$23 MILLION in SanDisk bets liquidated on crypto exchanges, more than every altcoin.


The memory chip maker now ranks third on the crypto liquidation board, behind only Bitcoin and Ethereum.


Micron, SK Hynix, SOXL, SpaceX and Apple all appear alongside BTC and ETH, per CoinGlass.




#Wrench attacks surge in crypto security

#CLARITY Act Senate showdown

#Whales add BTC/ETH positions

#Goldman Sachs adds XRP ETFs

#TradFi buys DeFi tokens



$USDD

$DOGE

$FIDA

$PYBOBO


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US Treasury Secretary Bessent is pushing Congress to pass the crypto Clarity Act, saying the top priority is bringing digital assets into the US — not pushing them offshore. 🧠 Regulatory tone keeps shifting toward competitiveness. Quietly constructive. ⚡

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⚡ LEGISLATIVE PUSH :: The Digital Chamber is mobilizing over 100 firms to pressure the Senate to pass the CLARITY Act before the summer recess, aiming to secure foundational market structure rules. #Regulation #Crypto $BTC

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😳 Shocking 🇺🇸 The U.S. government has declared: “CBDC will not be implemented.” This effectively rejects the path toward government-controlled digital currency. Amid growing uncertainty around centralized money, Bitcoin’s prominence continues to grow 😎 This could be a historic turning point 🔥 #Bitcoin $BTC 🚀

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Lighter was in the process of getting onchain license for derivatives trading in United States via CFTC .And I think this will 1000% happen because CFTC chairman Mike Selig himself said “America is the Crypto Capital of the World. Bitcoin, Crypto Perpetuals, and INNOVATION are Coming to America.” That’s it. Lighter 🕯️

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🚨 Official Announcement: U.S. Treasury Secretary Scott Bessent stated that a central bank digital currency will not be implemented under President Trump.

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⚡️ JUST IN: Treasury Secretary Scott Bessent says the U.S. will not create a Central Bank Digital Currency, warning it could become a tool for financial surveillance. At the same time, Washington is pushing to make America the global home of digital assets signaling a future built around private crypto infrastructure instead of state-controlled digital money.

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Without the Clarity Act, if a digital asset exchange goes bankrupt, customers have no guaranteed right to their own assets. They join a creditor line w/ other Wall Street firms and expensive lawyers and hope for the best. This is a consumer protection failure Congress must fix.

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⚡ CRYPTO BILL UPDATE The #CLARITY Act is gaining traction in #Washington. 🏛️ Treasury Secretary Scott Bessent is now publicly pushing #Congress to move the #crypto market structure bill forward, calling regulatory clarity essential for keeping #digital asset innovation in the U.S. 📊 Market sentiment is shifting too, with CLARITY Act approval odds #climbing back to 57% after a recent drop below 50%. 👀 With support from #lawmakers like Senator Cynthia Lummis, all eyes are now on whether Congress can deliver a vote before the #summer deadline. 🔗 Read more in comments

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LATEST: 🇺🇸 Senator Cynthia Lummis says that without the CLARITY Act, crypto exchange customers will have no guaranteed right to their assets if the company goes bankrupt.