Crypto

Grayscale says the crypto industry is still making progress despite the Senate’s failure to advance the CLARITY Act to formal debate. The asset manager pointed to ongoing work at the SEC and CFTC while reaffirming its support for comprehensive digital asset rules. Key Takeaways The Senate failed to invoke cloture on the motion to proceed to the CLARITY Act. Grayscale said the result was “not…

21Shares has framed XRP’s investment case around regulatory clarity, institutional access, measurable utility, and fixed supply. The asset manager also cautioned that growing XRP Ledger adoption may not translate directly into sustained token demand. Key Takeaways 21Shares says XRP’s prospects rest on four market pillars. U.S. spot XRP ETFs have drawn more than $1.70 billion in net…

On Sunday night, Senate Republicans released an updated draft of the CLARITY Act with changes to the ethics and other relevant provisions to sway Democrats to vote for the bill on Tuesday. However, it is still unclear whether these changes will be enough for Democrats to support the bill. Key Takeaways Senate Republicans updated the CLARITY bill with strict ethics rules to address Democratic…

Stablecoin licenses carry different reserve and oversight requirements, Ripple emphasized as it outlined RLUSD’s regulatory structure. The company also distinguished its conditional federal bank approval from a completed charter and clarified the scope of derivatives collateral rules. Key Takeaways Ripple outlined how stablecoin licenses differ in holder protections. RLUSD’s proposed federal…