Ripple (XRP) is struggling to establish a clear direction as trading activity has dried up to extreme levels, leaving the token stuck in a tight range and vulnerable to abrupt moves. Several leading AI models broadly characterize the current setup as a ‘bearish consolidation’ near the lower end of neutral territory, with downside risk marginally […]
The US’s sustained economic pressure on Iran could lead to prolonged geopolitical tensions and potential destabilization of Iran’s leadership. The post US to maintain siege on Iran’s oil exports amid ongoing conflict appeared first on Crypto Briefing.
The US arms sales may escalate regional tensions, hinder diplomatic solutions, and reduce prospects for easing sanctions on Iran. The post US approves $8.6B arms sales to Middle East allies amid Iran tensions appeared first on Crypto Briefing.
The US crypto industry’s momentum won’t be derailed in the long term even if the much-anticipated CLARITY Act, aimed at bringing more regulatory clarity to the crypto industry, doesn’t make it through Congress, according to 250 Digital Asset Management CEO Chris Perkins.“If not, we’re going to be just fine,” Perkins said on Cointelegraph’s Chain Reaction podcast on Friday, emphasizing that the two major financial regulators are already building workable frameworks.Perkins pointed to ongoing efforts by US Securities and Exchange Commission (SEC) Chair Paul Atkins and Commodities and Futures Trading Commission (CFTC) Chair Michael Selig, following the agencies’ joint interpretation released in March on how federal securities laws apply to crypto assets.Being labeled a security was once a “death sentence” for crypto “These guys are creating policy and precedent every single day, and they are giving us the one thing we’ve needed for a very long time, that certainty, that stability, and ultimately, a taxonomy,” Perkins said.“In the past, being a security was a death sentence; there was nowhere to go with it, and it just didn’t reconcile…now it is awesome to be a security,” he said. During the Joe Biden administration, under former SEC chair Gary Gensler, crypto tokens classified as securities typically faced enforcement action, delistings from major platforms, and had no clear pathway for compliance in the US market.Chris Perkins spoke to Cointelegraph journalist Ciaran Lyons on Chain Reaction on Friday. Source: CointelegraphWhile Perkins said he’s not worried about the industry’s long-term outlook if the CLARITY Act doesn’t pass, he added that if it does become law, it would make it much harder for future administrations to roll back the regulatory clarity.“What you’ve done is you’ve essentially enshrined policy for a very long time, as hard as it is to pass a law, it is even harder to unwind a law,” Perkins said. “There is a reason why we say it takes an act of Congress to do something,” he added.CLARITY Act hopes riseMany industry participants have raised expectations that the CLARITY Act could pass soon after the publication of new stablecoin yield provisions on Friday.Related: Riot posts $167M in Q1 revenue as data center arm pulls in $33M in first quarter“It’s time to get CLARITY done,” Coinbase chief legal officer Faryar Shirzad said in an X post on Friday, after US Senator Thom Tillis and US Senator Angela Alsobrooks published the final text aimed at settling the stablecoin yield dispute between the banking and crypto industries.US Senator Bernie Moreno recently said that he anticipates the CLARITY Act to “get done” by the end of May. On April 11, US Senator Cynthia Lummis said, “It’s now or never.”Magazine: AI-driven hacks could kill DeFi — unless projects act nowCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Bitcoin’s price sluggishness that began on Friday was interrupted by a quick but unsustainable surge to just over $79,000 on Sunday morning after the latest developments on the Iran-US front. This time, reports claimed that Iran had sent its latest peace proposal to the US, which was the reason behind the quick uptick. However, US […]
The call to close Bab al-Mandab Strait highlights potential geopolitical risks, affecting global oil trade and escalating US-Iran tensions. The post Iranian editor calls for Bab al-Mandab Strait closure amid US tensions appeared first on Crypto Briefing.
Bernardo Bilotta argues that banks avoid stablecoins not due to a lack of technical understanding, but to protect their vital relationships with central banks and Western correspondent banks, who are notoriously risk-averse. Key Takeaways: Bernardo Bilotta notes Asia handles 50% of global stablecoin flows, but banks fear regulatory risk. Tether and eStable now enable local […]
The latest Pepe price structure suggests that bulls are attempting to regain control after a confirmed breakout from a key technical pattern, placing the spotlight on whether momentum can sustain toward higher resistance zones. Falling Wedge Breakout Signals Shift in Pepe Price Trend Recent movements in the Pepe coin price chart indicate a confirmed breakout […]
China’s defiance of US sanctions may heighten geopolitical tensions, potentially disrupting global oil supply and impacting market stability. The post China orders refineries to ignore US sanctions, raising oil supply concerns appeared first on Crypto Briefing.
Central banks’ hawkish stance amid rising oil prices may reshape market expectations, impacting economic growth and inflation management strategies. The post ECB, BOE signal rate hikes amid rising oil prices and inflation concerns appeared first on Crypto Briefing.
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