News Analysis

Inside the last-minute political breakdown that doomed the Clarity Act vote

Last minute, behind-the-scenes disputes locked in a dismal showing for the market structure legislation the industry pinned its greatest hopes on.

The Senate vote on the Clarity Act failed to win the 60 votes it needed. (U.S. Senate)

Crypto’s Clarity Act heads into a make-or-break week with no clear outcome

The crypto industry eagerly awaits a September 15 vote, though it might not happen. Or maybe it will. Or it might get delayed or reappear in some other form.

U.S. Senator Cynthia Lummis (Jesse Hamilton/CoinDesk)

The legal drama of imprisoned Sam Bankman-Fried is waiting on its last act

The fallen leader of the former top exchange FTX is looking for answers from the U.S. Supreme Court.

Sam Bankman-Fried outside court on Feb. 9, 2023 (Liz Napolitano/CoinDesk)
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Kalshi off-limits in multiple states as prediction markets, CFTC team up for battle

Washington state is cut off for Kalshi customers while the company combats the development in court and its federal regulator keeps pursuing new rules.

Kalshi website shown on a laptop.

The stablecoin yield clash that won't go away has banks, crypto battling over tradition

The bankers want people kept in lower-yield deposits for the good of the financial system as it's existed for generations, and their argument is gaining ground.

JPMorgan Chase & Co. HQ in NYC (Getty Images)

If crypto goes back to the congressional drawing board, 3 Democrat women loom large

The Democrats who may get a bigger say in future crypto legislative efforts are familiar figures, and they generally look at digital assets with distrust.

U.S. Representative Maxine Waters (Eric Lee/Getty Images)

After a Clarity Act funeral, the crypto world would keep turning

With the U.S. crypto bill missing a crucial window before the Senate hangs its closed-for-summer sign, the alternatives are getting more attention.

CFTC Chair Mike Selig (left) and SEC Chair Paul Atkins (Jesse Hamilton/CoinDesk)

Tether's USDT hits 2-year countdown threatening its position on U.S. crypto platforms

The GENIUS Act has hit its first anniversary without U.S. regulators yet meeting deadlines to write regulations, though rules will be in full effect by July 2028.

U.S. Capitol and Tether (Jesse Hamilton/CoinDesk)