Tag: Cryptocurrency

US Treasury Chief Scott Bessent Urges Senate to Pass Clarity Act

U.S. Treasury Secretary Scott Bessent has strongly urged the Senate to pass the crypto Clarity Act following a delayed vote, emphasizing national security and American leadership in digital assets.

Lummis Criticizes Democrats Ahead of Clarity Act Vote, Expects Passage

Republican Senator Cynthia Lummis criticized Democrats ahead of the upcoming Senate vote on the crypto Clarity Act, warning that failure to pass the bipartisan legislation could stall digital asset regulation for years.

National Sheriffs’ Association Withdraws Opposition to Clarity Act

The National Sheriffs’ Association has withdrawn its opposition to the crypto Clarity Act, adopting a neutral stance as a Senate vote approaches this month to establish a digital asset regulatory framework.

French Hill Seeks Bipartisan Support for Clarity Act Before September Vote

U.S. Representative French Hill stresses the need for bipartisan support to pass the cryptocurrency Clarity Act before the September 15 vote, highlighting remaining discussions over ethics provisions.

SEC Chair anticipates Clarity Act approval this month

SEC Chairman Paul Atkins anticipates the Clarity Act will be approved by the Senate this month, positioning the United States to become the crypto capital of the world with a new regulatory framework.

BlackRock Evaluates Bitcoin, Finding the Portfolio Math Valid

BlackRock's research evaluates Bitcoin's impact on a diversified 60/40 portfolio, showing that a 1% to 2% allocation improves risk-adjusted returns and Sharpe ratios even after significant price drawdowns.
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US Treasury Chief Scott Bessent Urges Senate to Pass Clarity Act

U.S. Treasury Secretary Scott Bessent has strongly urged the Senate to pass the crypto Clarity Act following a delayed vote, emphasizing national security and American leadership in digital assets.

Jack Dorsey’s Block Applies for Banking Charter Amid Bitcoin Push

Jack Dorsey’s Block has applied for a U.S. banking charter with the OCC to establish Builders Bank & Trust, N.A., aiming to provide federally regulated custody and fiduciary services for Bitcoin and stablecoins.

Steak ‘n Shake Reports Double-Digit Sales Growth After Adopting Bitcoin

Steak 'n Shake reports double-digit same-store sales growth, reaching a 19% gain this quarter, attributing its commercial success to accepting Bitcoin payments via the Lightning Network and adding cryptocurrency to its strategic reserve.

Iran Relies on Bitcoin to Stabilize Economy, Report Says

Iran is reportedly utilizing bitcoin and local exchanges to bypass international sanctions, stabilize its struggling economy, and finalize cross-border payments, with subtle encouragement from its central bank.

VerifiedX Initiates $15M Funding Round for Institutional Bitcoin Tools

VerifiedX has initiated a $15 million financing round backed by Cantor Fitzgerald to deploy institutional Bitcoin infrastructure, expand custody partnerships with BitGo, and support native Bitcoin yield tools.