|
|
Galaxy cuts CLARITY Act passage odds to 50% as Senate calendar tightens
|
͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
|
View in browser
|
|
|
|
|
|
June 29, 2026
|
|
|
|
|
Your Daily Digest of the 🔥Hottest News in Crypto.
|
|
|
|
|
Today’s top stories
🏦 BIS says private stablecoins fall short of sound money standards
🏛️ Galaxy lowers 2026 CLARITY Act odds as Senate floor time narrows
🇪🇺 EU watchdog outlines major MiCA fines for non-compliant token issuers
📰 Keep reading for all of today’s biggest headlines
|
|
|
|
BIS warns stablecoins risk fragmenting global financial system
The Bank for International Settlements warned that the rapid growth of stablecoins could fragment the global monetary system, weaken sovereign monetary control and create risks for emerging markets where dollar-denominated stablecoins are increasingly used. The BIS argued that private digital tokens lack key features needed for reliable money at scale, including strong institutional backing, consistent redemption and safe interoperability, and urged policymakers to accelerate tokenized central bank money and commercial bank deposits on regulated infrastructure instead. The report also criticized public permissionless blockchains as limited foundations for systemically important finance because of scalability, governance, accountability and settlement-finality concerns.
|
|
|
|
|
|
|
|
|
|
Galaxy cuts CLARITY Act odds to 50% as Senate floor time narrows
Galaxy Digital cut its estimate that the CLARITY Act will become law in 2026 to 50%, citing a shrinking legislative window before the Senate’s August recess, the lack of a unified Senate Banking-Agriculture text and no confirmed floor schedule. Galaxy research head Alex Thorn said the downgrade was about timing rather than the bill’s substance, with congressional bandwidth being squeezed by other priorities, including the SAVE Act, FISA reauthorization and the 2027 National Defense Authorization Act. The bill, which aims to create a US digital asset market-structure framework, faces a House hearing on July 17 and continued opposition from critics who say it could create regulatory gaps or allow crypto firms to offer stablecoin yields without bank-like requirements.
|
|
|
|
|
|
|
|
|
EU watchdog EBA details big crypto fines as landmark laws bite
The European Banking Authority proposed a penalty framework for significant crypto token issuers that violate EU digital asset rules, with possible fines of up to 12.5% of annual turnover for significant asset-referenced token issuers, 10% for significant e-money token issuers or twice the profits gained from the violation. The proposal lands just before the EU’s July 1 MiCA licensing deadline, after which crypto firms must have formal authorization to serve the bloc or risk enforcement. The article also notes Binance’s EU restrictions after failing to secure MiCA authorization before the deadline, including limits on new EU users and certain services while withdrawals remain available.
|
|
|
|
|
|
|
|
|
FEATURES
|
|
|
|
Binance booted from EU, EthLabs rises up to save Ethereum: Hodler’s Digest June 14-28
Hodler’s Digest rounds up a heavy week for crypto policy, Ethereum governance and market pressure, led by Binance facing EU service limits under MiCA and the launch of Ethlabs, a new Ethereum R&D nonprofit backed by BitMine, Sharplink, Joe Lubin and former Ethereum Foundation contributors. The Ethlabs effort is framed as a push to prepare Ethereum for institutional use as stablecoins, tokenized real-world assets, funds and autonomous AI commerce move further on-chain, while the Binance development shows MiCA’s transition from rulebook to market constraint.
The roundup also covers Polymarket’s role as a crypto onboarding channel for World Cup bettors, Trump canceling a housing bill signing that included a CBDC ban, Strategy’s shrinking dividend coverage, criticism of the CLARITY Act from law enforcement and Catholic groups, Bitcoin’s slide toward $58,000 and Ethereum Foundation layoffs tied to a broader restructuring. Overall, the piece captures a market dealing with tighter regulation, stressed treasury models and renewed debate over how Ethereum should fund long-term development.
|
|
|
|
|
|
|
|
4.6 million people follow us on social media. You should too.
|
|
|
|
|
|
|
|
|
Cointelegraph
DMCC, Business Centre, Level No 12, Uptown Tower
Dubai, United Arab Emirates
|
|
|
|
|
You received this email because you signed up on our website.
|
|
Download our official app:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
