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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 | President of The ETF Store: The Future of the Crypto Industry Does Not Depend on the CLARITY Act, Which Only Serves as a Catalyst
On September 14, Nate Geraci, President of The ETF Store, stated in a post that while it would be positive if the CLARITY Act secured enough votes to advance this week, he does not believe the legislation will have a decisive impact on the future of the crypto industry. Under the Trump administration, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) can still leverage their existing authorities to promote the development of the crypto sector. The pace of innovation in the crypto industry far outstrips the policy-making cycle; by the time U.S. policymakers realize that the financial system has already undergone an upgrade, it may be difficult to reverse this trend. The CLARITY Act will serve merely as an additional catalyst, providing clearer policy expectations for the crypto industry by bolstering market confidence that innovative achievements are irreversible. However, the future of the crypto industry does not hinge on the passage of this bill.
Express News | Morgan Stanley assigns Coinbase an "Equal-weight" rating and a $250 price target.
On September 13, Morgan Stanley initiated coverage of Coinbase with an "Equal-weight" rating and a $250 price target, implying approximately 43% upside from the current level of around $175. Morgan Stanley views Coinbase as becoming a key bridge connecting traditional finance with digital assets. Its "everything exchange" strategy expands its business into equities, commodities, prediction markets, pre-IPO exposure, and tokenized assets, while its custody, financing, stablecoin partnerships, and the Base network position the company across the infrastructure layer.
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.