a16z Crypto: Marc Andreessen and Chris Dixon Explain Why the CLARITY Act Is Urgently Needed

Should crypto assets be regulated by the SEC or the CFTC? What responsibilities should trading platforms bear? Should open-source developers be held accountable for all downstream uses of their software? And if Congress continues to delay legislation, what risks will U.S. businesses and consumers face? The two co-founders of a16z and a16z crypto address nine core questions regarding U.S. crypto market structure reform in relation to the CLARITY Act. Authors: a16z crypto Translated by: Jiahuan, ChainCatcher Crypto assets are no longer a niche market. Stablecoins facilitate transactions worth

ChainCatcherAug 7 16:45

Express News | Trump supporters are working to advance the CLARITY Act ethics agreement.

BreakingsAug 7 16:32

The U.S. Senate has postponed the vote on the CLARITY Act until September.

BlockBeats reported on August 7, citing Politico, that the U.S. Senate has decided to postpone the vote on the Cryptocurrency Market Structure Bill—also known as the CLARITY Act—until September. Previously, crypto journalist Eleanor Terrett reported that stakeholders of the CLARITY Act were awaiting a response from the White House regarding a bipartisan ethics amendment or the proposal of a substitute measure. Both parties expressed concern that if the cloture vote fails to pass, it could jeopardize the legislative effort that has been underway for over a year. However, pressure is mounting from both the industry and within the Republican Party.

BlockBeatsAug 7 09:51

10 Consumer Discretionary Stocks Whale Activity In Today's Session

BenzingaAug 7 01:35

U.S. stocks surge by $2 trillion—why has Bitcoin remained unaffected?

The S&P 500 market capitalization surged by $2.1 trillion, while Bitcoin rose only 2%. AI-driven equity markets, outflows from stablecoins, psychological effects of the halving cycle, and ETF arbitrage activities have collectively caused the crypto market to decouple from traditional financial performance.

Zhitong FinanceAug 6 16:29

Caixin: New tax rules on overseas income involving crypto assets are imminent, and reporting of insurance proceeds has already begun.

BlockBeats News, August 6 — According to Caixin, as the Common Reporting Standard (CRS) information exchange becomes routine, tax authorities can now fully access data on dividends and cash surrender values of overseas insurance policies, gradually closing regulatory gaps. Tax collection on insurance-related income from foreign sources has already commenced. CRS 2.0 represents a major update by the Organisation for Economic Co-operation and Development (OECD) to the Common Reporting Standard (CRS), commonly referred to in practice as 'CRS 2.0.' Key changes include the

BlockBeatsAug 6 16:25