The crypto industry is angry and disappointed that the Senate is not holding a procedural vote on the Clarity Act this month, but that isn’t the worst possible outcome. Source link

Senate Majority Whip John Barrasso is the latest lawmaker to call for action on the crypto Clarity Act, though recent developments show work on the bill may be slowing.  Speaking to the Senate Thursday, Barrasso reminded lawmakers that the U.S. passed the first major digital asset bill last year, the Genius Act, and the same

Tokenised fixed-income products are gaining popularity as investors look for more legible sources of on-chain yield. Bitfinex Securities products ALTERNATIVE and USTBL are two prime examples of how fixed-income structures familiar from the world of traditional finance are increasingly being rebuilt on Bitcoin-native rails. Crypto has a yield legibility problem. Rates on some of the

“There were way too many general-purpose layer twos, which frankly don’t make sense as a product, because there’s no reason to have many, many versions of the same thing,” Ben Fisch, CEO of Espresso Systems, told CoinDesk. “We’re in a consolidation phase for general-purpose layer twos, not layer twos broadly.” Industry leaders argue the shakeout

A vote on the long-awaited Clarity Act will be delayed until September as lawmakers go on recess today.  As first reported by POLITICO, citing comments from Majority Leader John Thune, the vote on the landmark bill will now have to wait until lawmakers return from August recess.  Bipartisan work has gone into the Clarity Act,