The U.S. crypto industry could face another four years of regulatory setback if Congress fails to pass the CLARITY Act this session. Senator Cynthia Lummis has warned that if lawmakers miss this chance, then the bill may not return until 2030. The warning comes as crypto companies, developers, and investors continue to wait for clear rules for the industry.Why Is Senator Lummis Warning About a 2030 Delay?According to Lummis, the current Congress may be the crypto industry’s best chance to pass the long-awaited CLARITY Act. The bill has already received strong bipartisan support, passing the House in a 294-134 vote. Recently,…
Author: cryphedge
JPMorgan CEO Jamie Dimon criticized the CLARITY Act, saying banks may oppose the bill in its current form. He said the legislation gives crypto companies advantages that traditional banks do not have.The bill is moving through Congress as lawmakers work on crypto regulations before the election season.Dimon Raises Concerns Over StablecoinsDimon’s main concern is stablecoins and whether crypto firms should be allowed to offer rewards or yield on customer balances.He said companies offering services similar to bank accounts should follow the same rules as banks, including anti-money laundering rules, Bank Secrecy Act compliance, and regulatory oversight.Banking groups also said the…
The Depository Trust & Clearing Corporation (DTCC) and the Stellar Development Foundation announced on May 27 a plan to enable the tokenization of assets custodied by The Depository Trust Company (DTC), a DTCC subsidiary, on the Stellar network, with deployment expected in the first half of 2027.This agreement aims to expand DTC’s tokenization service to a public blockchain, as part of DTCC’s multi-chain strategy, while traditional post-trade infrastructure begins testing issuance, management, and transfer models for digital assets within a controlled framework.DTCC Adds Stellar to Its Tokenization RoadmapOn May 27, DTCC stated that it has partnered with the Stellar Development…
Not every airdrop matters. But when Binance taps an AI infrastructure token for its 65th HODLer Airdrop, BNB holders take notice. The exchange announced that Genius Terminal (GENIUS) will be the latest project in its recurring token distribution program, rewarding users who staked BNB in Simple Earn or On-Chain Yields products between May 11 and 13, 2026. According to the original report, a total of 10 million GENIUS tokens will be shared among eligible subscribers. The snapshot mechanism is straightforward: only BNB locked in these specific products during that three-day window qualifies. This design pushes users toward longer-term staking rather…
The headline hit before London lunch: another compliance request tied to Binance’s monitorship. Spot books thinned, basis softened, and BNB slipped even as majors steadied. That reflex tells you something has changed about exchange tokens. For years, BNB and peers were treated as quasi-defensive: revenue-linked, buyback-fueled, and supported by sticky utility. In 2026, they’re trading more like flow derivatives with headline gamma. Even when stablecoin balances rise on exchanges, the bid under exchange tokens is no longer automatic. This piece unpacks why the “defensive” label no longer fits, what flows are signaling now, and how to position when the core…
The CFTC has moved true Bitcoin perpetual futures from an offshore-liquidity debate into a US-regulated test case, with KalshiEX LLC now approved to list BTCPERP and Coinbase Financial Markets receiving separate staff-level relief for access to certain Deribit products.The Commission approved KalshiEX LLC’s BTCPERP contract as a futures contract, allowing the CFTC-registered designated contract market to list a no-expiry bitcoin perpetual tied to the spot price of BTC.In a separate move the same day, CFTC staff confirmed that certain Deribit digital commodity derivatives described by Coinbase Financial Markets may be treated as foreign futures when routed through Coinbase’s registered futures commission merchant structure.Chairman Mike Selig cast the…
The US Commodity Futures Trading Commission has approved the listing of the first regulated Bitcoin perpetual contract on a CFTC-registered exchange, marking the entry of one of crypto’s most traded products into the formal US regulatory framework.The approved product is Kalshi’s BTCPERP contract, a perpetual futures contract referencing Bitcoin’s spot price. CFTC Chairman Mike Selig announced the decision, describing it as the delivery of a commitment he made in his first public remarks as chairman.“Today the CFTC took historic action to permit the listing of a true Bitcoin perpetual contract by a CFTC-registered exchange, charting a path for one of…
The world’s largest cryptocurrency has slipped to its lowest ranking in over two years, overtaken by surging AI-driven tech stocks and record-setting precious metals. But not everyone is alarmed.Bitcoin has once again fallen out of the world’s top 10 assets by market capitalization, a milestone that is drawing both concern and shrugs across the financial world depending on who you ask.According to data flagged by CoinDesk on May 28, 2026, bitcoin’s market cap has dropped to approximately $1.09 trillion, placing it behind gold, silver, and every member of the so-called “Magnificent Seven” — the group of U.S. tech giants that…
Crypto prime broker seeks public listing as sector-wide IPO momentum stallsCrypto trading and prime brokerage firm FalconX has taken a significant step toward a public listing, confidentially filing a draft S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), according to a person familiar with the matter who spoke on condition of anonymity.The California-based company has also hired Wall Street firm Cantor Fitzgerald and other investment banks to advise on its initial public offering (IPO), the person said. Despite the preparatory moves, a formal listing is not expected until late 2026, as the company monitors volatile market conditions…
On May 29, Strategy (formerly MicroStrategy) moved more than 411 Bitcoin to Coinbase Prime, drawing fresh scrutiny to Michael Saylor’s financing model.Arkham Intelligence data showed two transfers of roughly 205.3 BTC and 206.2 BTC from Strategy-associated wallets before the coins reached the destination address.Strategy’s Bitcoin Transfer (Source: Arkham Intelligence)This movement has not been confirmed as a sale, and Strategy has previously shifted coins between wallets as part of custody management, triggering similar speculation that later appeared to reflect internal restructuring.However, the latest transfer drew closer attention because of how the coins moved.ForeDex Proof, an on-chain analyst, said the transferred Bitcoin…
