BLOCKCHAIN • CRYPTOCURRENCY • NARRATIVE JOURNALISM
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EscalationThe bill has already cleared a key procedural hurdle. The Senate Banking Committee advanced the Crypto Clarity Act in what the committee called a historic bipartisan vote , sending the legislation to the full Senate for consideration.
Market ReactionARK Invest CEO Cathie Wood has raised doubts about the prospects of OUSD, a Ripple-backed stablecoin, suggesting it may struggle to compete with established market leaders USDT and USDC.
Early SignalEuropean Union officials are reportedly planning a revision to the Markets in Crypto-Assets (MiCA) regulation that would extend its reach to stablecoin issuers based outside the bloc, a move that could reshape compliance requirements for global crypto firms serving European users.