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U.S. Democrats oppose the Republican Party's latest revised version of the CLARITY Act and are preparing to introduce a counterproposal.
PANews reported on September 15, citing Cointelegraph and Politico, that Senate Democrats involved in the crypto market‑structure bill are preparing to introduce a counterproposal to the Republicans' latest revised version of the Clarity Act—despite Republican lawmakers calling it the "final, best, and last offer" to Democrats when they unveiled it on September 13. On September 14, Democrats convened at the office of Senate Minority Leader Chuck Schumer, with some still expressing dissatisfaction over the cryptocurrency‑related ethical provisions in the latest draft. Senator Mark…
U.S. Representative Emmer: Expresses "concern" over the amendments to BRCA in the CLARITY Act.
Foresight News reports that, according to crypto journalist Eleanor Terrett, U.S. House Majority Whip Tom Emmer said during a speech at the Solana Policy Institute summit that he is "concerned" about the amendments to the Blockchain Regulatory Certainty Act (BRCA) within the CLARITY Act. "I don't like the fact that you're essentially giving up the criminal safe harbor, and I'm genuinely worried that prosecutors across states will broadly turn this into a weaponized tool."
Express News | U.S. Senator Warren opposes the CLARITY Act, citing significant loopholes in the latest ethical provisions.
On September 15, CNBC reported that Senator Elizabeth Warren, the top Democrat on the U.S. Senate Banking Committee, will deliver a speech on Monday evening opposing the CLARITY Act, a bill concerning crypto market structure. The Senate is scheduled to hold a key procedural vote on Tuesday afternoon, requiring at least 60 votes for the bill to advance. Republican leaders released an updated text on Sunday evening, incorporating ethics provisions demanded by Democrats. These provisions aim to prohibit the U.S. President and other senior government officials from issuing digital assets and empower state attorneys general to enforce relevant regulations. Warren dismissed these measures as a "weak fig leaf," arguing that they would not prevent Trump from continuing to profit from crypto-related businesses. She contended that the new clauses could allow officials appointed by Trump to halt enforcement efforts and contain loopholes enabling him to continue profiting from ventures such as World Liberty Financial. Additionally, she plans to seek unanimous consent in the Senate to pass the "Ending Presidential Banking Corruption Act," which would restrict the President, Vice President, related officials, and their family members from obtaining banking licenses, and revoke any such licenses issued to these individuals since January 20, 2025. This proposal is expected to struggle to gain support in the Republican-controlled Senate.
Express News | The U.S. Senate will hold a procedural vote on the CLARITY Act at 2:15 a.m. Beijing time on September 16.
On September 15, official sources announced that the U.S. Senate will hold a procedural vote on the CLARITY Act at 2:15 p.m. local time. The bill requires 60 votes in support to advance to the formal deliberation stage. Senate Republicans released the final revised text on September 14, incorporating 126 amendments proposed by Democrats and most of the ethical provisions accepted by Trump. It is important to note that this vote is not a final determination on the passage of the bill.
Express News | Probability of CLARITY Act passing this year drops to 16% ahead of key vote
The U.S. Senate will hold a key procedural vote on the CLARITY Act on the afternoon of September 15 (Eastern Time) to decide whether to advance the bill to full chamber deliberation. Data from Predict.fun shows that the probability of the CLARITY Act passing this year has dropped to 16% (down from 33% yesterday). Previously, U.S. Republican Senator Cynthia Lummis stated that Democrats continued to demand further amendments after Republicans released the final compromise version of the CLARITY Act over the weekend. Some Democrats remain dissatisfied with the crypto ethics provisions in the new text and plan to submit counterproposals before the procedural vote.
Express News | U.S. Senator Lummis: The current CLARITY Act represents the best possible compromise, but Democrats are still demanding further amendments.
On September 15, U.S. Republican Senator Cynthia Lummis stated that Democrats continue to demand further amendments even after Senate Republicans released the final compromise version of the CLARITY Act over the weekend. She remarked, "Democrats want more; they always want more. If we wait another month, they will raise additional demands." Lummis noted that Republicans have already made concessions to Democrats on 114 specific policy items during negotiations, including legal protections for DeFi developers and restrictions on government officials' involvement in cryptocurrency-related business interests. She expressed surprise that Trump had agreed to tighter ethical provisions in the new draft. The Senate is scheduled to hold a procedural vote on Tuesday, requiring at least 60 votes to advance the bill. Lummis indicated that it remains uncertain whether sufficient support can be secured, describing the current version as "the best achievable outcome" and stating that there is no capacity for further rounds of revisions.
Express News | U.S. SEC Chair supports the CLARITY Act, stating that crypto regulation will continue to be advanced regardless of the bill's passage.
On September 15, U.S. SEC Chair Paul Atkins urged Congress to advance the CLARITY Act and submit it to the President for signature as soon as possible. He also stated that regardless of whether the bill is ultimately passed, the SEC will continue to advance its crypto-asset regulatory agenda to support U.S. investors and technology innovators. Atkins noted that the SEC's "Project Crypto" will revolve around three pillars: establishing rules for crypto-asset issuance to provide a clearer regulatory framework for companies raising capital through digital assets in the United States; updating transfer agent rules, which are nearly 40 years old, to incorporate blockchain ownership ledgers; and clarifying custody requirements for crypto-assets held by investment advisers and regulated funds, while permitting self-custody and the use of state-chartered trust companies under specific conditions. The U.S. Senate is scheduled to hold a key procedural vote on advancing the bill on Tuesday. Currently, banking groups are still calling for stricter limits on stablecoin interest and rewards, while attorneys general from 18 states and the District of Columbia have expressed concern that the bill could weaken local authorities' power to pursue crypto fraud.
Express News | President of The ETF Store: The sole reason the CLARITY Act has not yet been passed is that cryptocurrencies are disrupting the traditional banking model.
On September 15, Nate Geraci, President of The ETF Store, stated in a post that the only reason the CLARITY Act has not yet been passed is that cryptocurrencies are disrupting the traditional banking model... It really is that simple. We can discuss ethical provisions, the BRCA (Blockchain Regulatory Certainty Act), and other issues, but ultimately, it all points to the same core issue: cryptocurrencies are reducing the need for banks as intermediaries and disrupting the business model that relies on net interest income (NII). Some politicians support this traditional model because they derive benefits and incentives from it.
Express News | Bernstein: Market May Be Underestimating Progress of the CLARITY Act
On September 15, Frank Chaparro, Head of Content and Special Projects at GSR, reposted that Bernstein indicated the market may be underestimating the progress of the CLARITY Act. The firm stated that the latest ethics proposal “may already represent the best possible outcome,” and that concessions by the White House on enforcement by state attorneys general and the divestiture of crypto assets could secure sufficient Democratic support for Tuesday’s vote to end debate. Some Democrats may be reluctant to appear “anti-crypto” ahead of the midterm elections. Prediction market odds have rebounded to above 30%. Bernstein remarked, “Any positive surprise is certainly not yet priced in.”
Express News | Eight Banking Industry Associations: The Circuit Breaker Mechanism in the Clarity Act Is Not a Safeguard
On September 15, according to Eleanor Terrett, host of Crypto In America, eight banking industry associations stated in a letter to Senate leaders that the newly added "circuit breaker mechanism" for deposit outflows in the revised Clarity Act text is not a safeguard at all. They argued that this mechanism would only be triggered after significant deposit outflows have already occurred. The associations called for further tightening of the language related to stablecoin rewards to close what they perceive as loopholes that could still allow interest-like payments on stablecoin balances, with their core demands remaining largely unchanged.
Express News | The U.S. Strategic Bitcoin Reserve Act is scheduled for a committee vote on Wednesday.
On September 15, the U.S. House Committee on Financial Services announced plans to consider H.R. 8957, the "U.S. Reserve Modernization Act of 2026," on Wednesday, September 16, 2026, at which point the bill will proceed to a committee vote. Introduced by Representative Nick Begich, with Representative Jared Golden as the sole Democratic co-sponsor, the legislation proposes establishing a strategic Bitcoin reserve within the U.S. Department of the Treasury and a separate digital asset reserve for non-Bitcoin assets. The bill stipulates that compliant Bitcoin acquired by the federal government through forfeiture shall be included in the reserve. Proceeds from the sale or exchange of non-Bitcoin assets may be used to purchase additional Bitcoin or to repay national debt. The Department of the Treasury and the Department of Commerce are also tasked with studying strategies for acquiring additional Bitcoin over the next five years in a budget-neutral manner; relevant provisions explicitly prohibit funding such purchases through borrowing, new taxes, or deficit spending. The committee markup is scheduled to begin at 10:00 a.m. Eastern Time on Wednesday.
Kaiko Extends Series B Funding Round to $110 Million With S&P Global, BNP Paribas
Financial rating giant S&P Global joined top traditional banks and exchange operators to fund Kaiko's expansion into continuous market data services
Express News | Kaiko secures funding led by S&P Global, with total financing reaching $110 million
On September 14, crypto market data provider Kaiko secured a funding round led by S&P Global, bringing the total financing to $110 million. Participants included DRW Holdings, Susquehanna, Royal Bank of Canada, Nasdaq, BNP Paribas, Bpifrance, Broadridge, Canton Ventures, Coinbase Ventures, and Stellar. Kaiko will utilize the proceeds to develop new products and services.
The U.S. Democratic Party held a caucus on the CLARITY Act, with a crucial procedural vote scheduled for tomorrow.
Foresight News reports, citing POLITICO, that sources reveal U.S. Senate Minority Leader Chuck Schumer convened a Democratic caucus meeting to discuss the CLARITY Act, which is scheduled for a procedural vote on September 15. The outcome of the vote remains uncertain; roughly a dozen Democratic lawmakers have been negotiating the bill for several months, yet three key issues remain unresolved. Most critical among these is the crypto-ethics provision targeting government officials, with Democrats seeking to restrict President Trump from profiting through his family's cryptocurrency ventures. In total…
The CLARITY Act remains unresolved—what is Washington fighting over?
Author: CoinDeskCompiled by: Baihua BlockchainAs shares of traditional capital giants were "unauthorizedly" tokenized via offshore code, CEOs of listed companies voiced their outrage. Wall Street
Express News | South Korea’s Digital Asset Basic Act faces an end-of-month deadline, with legislation potentially delayed until the first half of next year.
On September 13, the government bill for South Korea’s Basic Act on Digital Assets entered the final submission window of the month. The Financial Services Commission (FSC) had originally planned to submit the legislative proposal under the name of Yoo Dong-soo, Chairman of the National Assembly’s Policy Committee, within this month, but the schedule has been postponed. The ruling party plans to hold hearings as scheduled in the latter part of the month; however, if the government bill is not submitted, these hearings may merely repeat previous discussions. Missing this month’s deadline, compounded by the October parliamentary inspections and budget deliberations, could push final passage to the first half of next year. The Democratic Party of Korea has also proposed amendments to the Capital Markets Act, aiming to allow non-monetary assets such as real estate, artworks, and intellectual property to be issued as trust beneficiary securities. These amendments are expected to be discussed at the subcommittee on bills of the National Assembly’s Policy Committee on September 15. The party also calls for a reassessment of the January start date for virtual asset taxation, citing difficulties in automatically aligning data from on-chain wallets, airdrops, and hard forks with tax authorities. It further recommends increasing the basic deduction amount and introducing loss carryforward deductions.
Express News | Trump meets with advisers on ethical provisions of the CLARITY Act as Senate prepares for key procedural vote next week
On September 13, U.S. President Trump met with advisors on Friday local time to discuss a government ethics provision being considered for inclusion in the Crypto Market Structure Act (also known as the CLARITY Act), according to two people familiar with the matter. The meeting took place ahead of a procedural vote in the Senate scheduled for next Tuesday, which will determine the fate of the CLARITY Act’s advancement. Senate Democrats have demanded that the legislation include ethics language applicable to government officials to restrict Trump’s ability to profit from his family’s crypto businesses. It remains unclear what the outcome of the meeting was or which advisors attended. The White House did not immediately respond to requests for comment on Saturday evening. Patrick Witt, Trump’s senior advisor on crypto policy, posted an optimistic message on X on Saturday, stating, “It is a bad day for pessimists regarding the CLARITY Act.” This statement suggests that progress may be made in advancing the bill. The ethics provision has been one of the key obstacles facing the CLARITY Act in the Senate, where bipartisan divisions have previously centered on whether enforcement authority should rest with the Department of Justice or state attorneys general. Next Tuesday’s procedural vote will test whether both parties can reach a compromise on this core dispute before the Senate goes into recess.
Express News | Brazil's Central Bank issues new regulations for crypto exchanges, with approximately 290 institutions facing market exit
The Central Bank of Brazil has mandated that virtual asset service providers meet compliance requirements regarding capital adequacy, auditing, anti-money laundering (AML), and ongoing reporting, with capital requirements reaching up to $7.2 million. Currently, only 20 to 25 of the approximately 300 institutions are eligible to apply for authorization, and it is expected that only 10 will obtain licenses. Platforms such as Bitnuvem, NovaDAX, Digitra, and Coinext have either ceased or restructured their retail operations. Relevant entities must apply for authorization by October 30; those failing to do so will be required to cease operations within 30 days. Isabel Longhi, Head of Public and Regulatory Policy for Latin America at Ripple, stated that market consolidation will occur as Brazil's crypto market matures, but the new regulations will constrain innovation in the short term. (Bitcoin.com News)
Bank of America (BAC.US) launches Stellar cross-border pilot; surge in RWA draws attention to XLM
Bank of America has completed a transatlantic pilot on Stellar for USBDC, demonstrating compliant on-chain settlement. By 2026, RWA valuations are expected to rise to $785.6 million, with broad
Morgan Stanley Research Analysis: Institutions Embrace Blockchain, but Tokens May Not Be the Winners
By Rita: Digital assets are transitioning from speculative instruments to financial infrastructure. The stablecoin market cap has exceeded $300 billion, tokenized real-world assets approach $40 billion, and institutional participation is accelerating. However, in its digital assets report released on September 8, Morgan Stanley offered a counterintuitive assessment: adoption does not necessarily drive token price appreciation, and economic benefits may largely remain with existing financial institutions, meaning public protocols or token holders may not necessarily benefit. While integration is the baseline scenario, value capture is a separate issue. The core framework of the report distinguishes between technology adoption and value capture. Blockchain technology may be widely