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Prediction markets are flashing warning signs for the cryptocurrency industry ahead of the Nov. 3 midterms. Polymarket gives Democrats a 62% chance of sweeping both chambers of Congress, while Kalshi…
Representative French Hill still hopes for approval of the CLARITY Act after the midterm elections. Hill, who championed the FIT21 Act—an earlier attempt to establish clear rules for the crypto…
U.S. Rep. Don Davis has introduced the No Betting on Your Own Race Act, which would prohibit federal candidates from trading prediction market contracts tied to their own elections. Davis…
Following the U.S. Senate’s failure to reach the 60 votes required to pass the CLARITY Act, Stand With Crypto has unveiled an expanded slate of pro-crypto candidates it’s backing in…
House Oversight Chairman James Comer has expanded Congress’s prediction market insider trading investigation to Hyperliquid, Crypto.com, and Predictit, demanding records by Oct. 13. The inquiry follows allegations that a U.S.…
Even after the CLARITY Act’s recent demise, Congress still discusses digital assets regulation. Rep. Tom Emmer is still hopeful for a new discussion and eventual CLARITY Act Passage before year-end,…
A group of Democratic senators says the failed Senate vote on the CLARITY Act will not end efforts to establish a federal framework for cryptocurrency markets. The lawmakers pledged to…
The CLARITY Act finally reached its first real Senate floor test Tuesday and promptly hit a wall. Senators voted 49-50 against cloture on the motion to proceed to H.R. 3633,…
Senate Republicans released a final CLARITY Act draft with 126 policy revisions they said Democrats requested during negotiations. The changes alter token classifications, issuer disclosures, exchange rules, DeFi compliance, bank…
Sen. Cynthia Lummis has spent months trying to get a sweeping U.S. crypto market structure bill across the finish line. Democrats asked for more than 100 changes, Republicans put many…