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Analyst: Suspension of the Clarity Act is Positive!

Emre Yumlu — Mon, 19 Jan 2026 09:00:31 +0000

The recent slowdown of the CLARITY Act’s progress in the United States Congress has sparked mixed reactions across the crypto industry. While some initially viewed the stalled legislation as a setback, several market analysts argue that the delay could ultimately work in favor of digital asset markets. At the center of this view is concern that the current draft risks imposing excessive constraints on decentralized finance (DeFi) and broader onchain activity.

Concerns Over Excessive Regulation

Market analyst Michaël van de Poppe has voiced strong reservations about the CLARITY Act in its existing form. According to his assessment, approving the bill without further revisions could have inflicted lasting damage on crypto markets. He argues that the proposed framework leans toward overregulation, particularly in areas that underpin DeFi’s open and permissionless structure.

These concerns gained greater visibility after Coinbase withdrew its support for the bill. Coinbase CEO Brian Armstrong publicly outlined several problematic elements, reinforcing the view that the legislation may be misaligned with how decentralized systems function in practice.

Key Issues Raised by Industry Leaders

Among the most controversial aspects of the current draft are provisions that could effectively prohibit tokenized equities, grant government authorities access to user data on DeFi platforms, and ban yield-generating stablecoins. Industry participants see these measures as potential threats to innovation, user privacy, and capital efficiency within the crypto ecosystem.

Van de Poppe has suggested that passing such rules prematurely would have undermined market confidence and slowed adoption across multiple segments of onchain finance.

Parallels With Europe’s MiCA Framework

The analyst also compares the CLARITY Act’s trajectory to Europe’s Markets in Crypto-Assets (MiCA) regulation. MiCA underwent several negotiation rounds and substantial revisions before reaching its final form. From this perspective, the current pause in the U.S. legislative process may simply reflect a necessary stage in developing a more balanced and workable regulatory framework.

Rather than signaling failure, the delay could allow policymakers, industry stakeholders, and financial institutions to realign their positions and address unresolved issues.

White House Tensions Addressed

Speculation has emerged suggesting friction between Coinbase and the White House following the exchange’s withdrawal of support. However, Armstrong has dismissed these claims, stating that discussions remain ongoing and constructive. He emphasized that efforts continue to craft a version of the bill that accommodates both the crypto sector and community banking interests.

Stablecoins at the Center of the Debate

Yield-bearing stablecoins have become one of the most contentious topics in the regulatory debate. Many industry voices warn that restricting these instruments could set back stablecoin innovation for years. As a result, the CLARITY Act’s temporary standstill is increasingly viewed as a critical opportunity to rethink its approach.

Overall, the situation suggests that regulation remains a priority, but one that must evolve carefully to avoid stifling the very innovation it seeks to govern.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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U.S. Congress Discusses Bitcoin Reserve with Saylor & Thiel

Yeliz Akmaca — Tue, 16 Sep 2025 09:00:47 +0000

U.S. lawmakers are taking key steps to strengthen the Bitcoin strategic reserve. Michael Saylor and Tom Lee are among 18 industry leaders exploring ways to advance the Bitcoin Act.

The Bitcoin Act envisions the U.S. government purchasing one million Bitcoins over the next five years. These acquisitions would be budget-neutral, financed by the Federal Reserve and the Treasury Department. The bill, led by Senator Cynthia Lummis, also aims to make Trump’s limited presidential reserve permanent and Congress-approved.

Roundtable and Participants

The meeting on Tuesday will include Strategy founder Michael Saylor, BitMine CEO Tom Lee, and Marathon Digital CEO Fred Thiel. Executives from mining companies such as CleanSpark, MARA, and Bitdeer will also participate. Representatives from crypto venture capital firms and investment platforms will share their insights.

Participants will discuss how to execute budget-neutral Bitcoin purchases and strategies to secure legislative support. Treasury gold certificates and tariff revenue reuse are among the proposed methods.

Strategic Reserve and Legislative Process

Proposals from the meeting aim to plan Bitcoin purchases at 200,000 BTC per year over five years. The bill is expected to first go through the House Financial Services Committee, then the Senate Banking Committee, before a full vote. Washington-based lobbying groups like The Digital Chamber will also attend. The goal is to strengthen the Strategic Bitcoin Reserve without burdening U.S. taxpayers and secure bipartisan support.

Key Points of the Bitcoin Act:

Acquisition of one million Bitcoins as a strategic reserve
Annual purchases of 200,000 BTC over five years
Budget-neutral financing without taxpayer burden

The bill is currently at the committee level, with further work ongoing to pass it through Congress. Experts say Lummis and her team will prioritize securing bipartisan support.

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Paul Atkins: Crypto Markets Struggle in SEC Uncertainty

Yeliz Akmaca — Tue, 20 May 2025 08:30:28 +0000

Crypto markets are growing rapidly. However, the SEC’s unclear regulations are holding back this rise. Paul Atkins, who became SEC Chairman in April 2025, aims to address this issue. Atkins promises a “new day” for the crypto sector and is taking innovative steps. SEC Chairman Paul Atkins wants companies to custody and trade both securities and non-securities under one roof.

Paul Atkins’ Crypto-Focused New Approach

Paul Atkins acknowledges that the SEC has taken a harsh stance on crypto markets in the past. In his speech on May 19, 2025, he said, “Crypto markets have been languishing in SEC uncertainty for years.” To eliminate this uncertainty, he has taken action. In the same speech, he added,

“Although I have instructed our staff in the Commission’s policy divisions to draft rule proposals related to crypto, the staff continues to ‘clear the decks’ through staff-level statements.”

Atkins advocates for the SEC to return to an innovative approach.

“When I began my tenure as Chairman, I can tell you this: we are returning to our roots of encouraging innovation rather than stifling it,” he says. “Markets innovate, and the SEC should not be in the business of telling them to stand still.”

At the Roundtable Meeting on April 25, 2025, Paul Atkins pledged to modernize the regulatory framework for blockchain technology. He supports registered broker-dealers trading assets like Bitcoin and Ethereum. Additionally, he is reviewing custody rules to provide flexibility.

Search for a Legal Framework for Crypto Markets

Crypto markets are awaiting regulatory clarity. The U.S. Congress is considering a bill to clarify the roles of the SEC and the Commodity Futures Trading Commission (CFTC). Atkins, in his speech on May 12, 2025, expressed support for Congress passing the law. However, he also noted that they could act under existing authorities. For example, the SEC is developing proposals for DeFi projects. A roundtable meeting scheduled for June 9, 2025, will focus on decentralized finance.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Big Move From HBAR Foundation and OnlyFans Founder!

Yigit Taha OZTURK — Thu, 03 Apr 2025 10:00:14 +0000

HBAR Foundation and Zoop have submitted a bid to acquire TikTok from ByteDance due to a new law passed by the US Congress. This law mandates that TikTok’s operations must be separated from its Chinese parent company, ByteDance.

Competition for TikTok Sale Intensifies!

Zoop, a social media app developed by OnlyFans founder Tim Stokely, and HBAR Foundation filed an intent to bid for TikTok on April 2, according to a Reuters report. The bid comes amid offers from major tech companies such as Amazon, Oracle, Microsoft, and Rumble, all aiming to keep the popular video-sharing app operational for US users.

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Zoop co-founder RJ Phillips reportedly said:

“Our bid for TikTok isn’t just about changing ownership; it’s about creating a new paradigm where both creators and their communities benefit directly from the value they generate.”

April 5: Deadline for TikTok’s Future

In 2024, US Congress passed a law that could potentially ban TikTok unless the company separates from its China-based parent company, ByteDance. The original deadline for the sale was January 19, but former President Donald Trump signed a 75-day extension, pushing the deadline to April 5.

HBAR Foundation, an organization working with Hedera, has a market capitalization exceeding $7.3 billion.

TikTok Sale or Ban Expected Soon

The future of TikTok remains uncertain. President Trump could extend the sale deadline further or move forward with a ban. However, only an act of Congress could override this law. The announcement of sweeping tariffs by Trump on April 4 could also shake the markets.

Reddit co-founder Alexis Ohanian is also attempting to buy TikTok and bring it on-chain. He is one of the significant figures looking to invest in the platform’s future.

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Trump-linked Crypto Ventures May Complicate US Stablecoin Policy

Emre Yumlu — Tue, 01 Apr 2025 14:00:37 +0000

Trump-linked stablecoin USD1 may complicate the passage of US stablecoin legislation in Congress and raise concerns.

Trump-linked Stablecoin Could Complicate US Congress’ Stablecoin Legislation

A stablecoin launched by a crypto platform connected to President Donald Trump’s family could complicate the passage of stablecoin laws in Congress and raise concerns over potential conflicts of interest.

World Liberty Financial (WLFI), a crypto platform linked to Trump, launched the World Liberty Financial USD (USD1), a dollar-pegged stablecoin, in early March. This has raised concerns about potential conflicts of interest.

Despite political objections from Democratic lawmakers, WLFI’s stablecoin plans appear to align with the current US stablecoin legislation. According to Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum, “The planned backing, audits, qualified custody, public blockchains, and no native yield-bearing features align well with the GENIUS and STABLE acts.”

Plotnikova also stated, “This is a direct expression of support for US-based stablecoins, and in any case, the stablecoin issuer is subject to the authorization of the OCC, state regulators, and the Board of Governors of the Federal Reserve.”

This launch coincides with the ongoing discussions in Congress regarding two major stablecoin bills.

The STABLE Act, introduced on February 6, aims to create a clear regulatory framework for dollar-denominated payment stablecoins, focusing on transparency and consumer protection, while allowing issuers to choose between federal or state oversight.

The GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins) sets collateralization guidelines for stablecoin issuers and requires full compliance with Anti-Money Laundering laws. The bill recently passed the Senate Banking Committee by a vote of 18-6.

Trump’s USD1 Stablecoin Could Hinder Stablecoin Law Passage

While some view WLFI’s stablecoin as a positive signal for crypto adoption, others are concerned it could complicate the passage of existing laws.

Dmitrij Radin, founder of Zekret, points out that Trump’s USD1 stablecoin could hinder the passage of stablecoin laws.

Given the Trump family’s significant stake, some lawmakers are worried about conflicts of interest, which could delay the laws or lead to stricter regulations.

While stablecoins are expected to go mainstream, excessive regulation may push innovation abroad. Crypto professionals are calling for greater regulatory clarity on stablecoins and crypto banking relations.

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Tom Emmer: “US Should Support Pro-Stablecoin Legislation!”

Yigit Taha OZTURK — Wed, 12 Mar 2025 09:30:37 +0000

US Representative Tom Emmer argued for prioritizing pro-stablecoin legislation in a March 11 House Financial Services Committee hearing while calling central bank digital currencies (CBDCs) a threat to American values.

CBDC Anti-Surveillance Law Reintroduced

On March 6, Emmer reintroduced the CBDC Anti-Surveillance State Act in the House of Representatives. At the March 11 hearing, Emmer renewed his call for Congress to pass the legislation. The bill aims to prevent future administrations from launching a US CBDC without explicit Congressional approval.

Emmer stated that CBDC technology is inherently “un-American”, warning that allowing unelected bureaucrats to issue a CBDC “could upend the American way of life.”

On January 23, Donald Trump signed an executive order prohibiting “the establishment, issuance, circulation, and use” of a CBDC in America. Emmer said that his reintroduced legislation could “prevent a future administration from creating such an obvious tool for financial surveillance against its own citizens” if signed into law, citing concerns about privacy and financial independence.

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Paxos CEO Calls for Stablecoin Regulations

At the same hearing, Paxos CEO Charles Cascarilla urged lawmakers to create consistent stablecoin regulations across jurisdictions to avoid regulatory arbitrage. Paxos, a major stablecoin issuer, recommended clear guidelines and reciprocal rules with global regulators:

“We want to make sure we have the same set of rules in the US as we have around the world so that there isn’t some arbitrage that is possible to issue from another jurisdiction. And by having that same set of rules that everyone has to meet in order to access the US market, it will actually create a race to the top, not a race to the bottom.”

Emmer, a Minnesota Republican, also criticized CBDCs for their inherent privacy risks, stating that stablecoins could bring traditional finance on-chain at a global scale while preserving privacy:

“This underscores why we must prioritize pro-stablecoin legislation alongside anti-CBDC legislation.”

Crypto Companies’ Political Influence Grows

Amid rapid pro-crypto developments, a report by the Center for Political Accountability (CPA) raised concerns about the increasing political influence of crypto companies in America and potential risks to regulatory stability.

According to the March 7 report, cryptocurrency firms spent a cumulative $134 million on the 2024 US elections in “unchecked political spending,” raising concerns about transparency and regulatory capture.

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White House Will Support Rescinding DeFi Broker Rule!

Yigit Taha OZTURK — Tue, 04 Mar 2025 18:00:56 +0000

The Trump administration has announced its support for repealing the IRS DeFi broker rule, which is set to take effect in 2027. If approved by Congress, Donald Trump is expected to sign the resolution into law.

White House Signals Support for DeFi Industry!

David Sacks, the AI and crypto czar in the Trump administration, stated on March 4 that the White House backs legislative efforts to overturn the IRS regulation expanding the definition of “broker” to include DeFi access providers.

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Sacks confirmed via X (formerly Twitter) that the administration supports a resolution introduced by Texas Senator Ted Cruz and Ohio Representative Mike Carey under the Congressional Review Act to repeal the rule.

Senior White House advisers have reportedly recommended that Trump sign the resolution into law if passed by Congress.

Why Is the DeFi Broker Rule Controversial?

The IRS rule aims to classify software providers enabling access to DeFi protocols as brokers, thereby imposing strict reporting obligations on them.

The crypto community argues that such regulations could stifle innovation and undermine the decentralized nature of DeFi. White House support for rescinding the rule sends a positive signal to the DeFi industry.

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Crypto Firms Support Ted Cruz to Block DeFi Broker Rule

Emre Yumlu — Thu, 20 Feb 2025 15:30:51 +0000

The Blockchain Association, representing 76 crypto firms, is urging Congress to repeal the IRS’s DeFi broker rule. They argue that the rule threatens US crypto innovation and imposes an unfair burden on blockchain firms.

Blockchain Association Calls on Congress to Repeal DeFi Rule

The Blockchain Association, representing 76 crypto organizations, has urged congressional leaders to support Senator Ted Cruz in repealing the anti-crypto regulation finalized during the final days of former President Joe Biden’s administration.

On February 19, the Blockchain Association sent a letter to Senate Majority Leader John Thune, Senate Minority Leader Chuck Schumer, House Speaker Mike Johnson, and House Minority Leader Hakeem Jeffries, calling for the repeal of the IRS’s decentralized finance (DeFi) broker rule.

The letter was signed by major crypto organizations, including 0x Labs, a16z Crypto (Andreessen Horowitz’s crypto division), Aptos Labs, Crypto.com, Grayscale, Dapper Labs, and Ava Labs.

Crypto Firms Criticize Biden-Era IRS Regulation

The letter advocates supporting Senator Ted Cruz’s Congressional Review Act (CRA) resolution, S.J.Res. 3, which seeks to expand the definition of a “broker” under US law to include software providers that enable access to DeFi protocols.

Set to be implemented in 2027, the DeFi broker rule would subject decentralized exchanges to the same reporting requirements as traditional brokers.

The IRS disclosed on December 27, 2024, that if implemented, the DeFi broker rules could affect up to 875 DeFi brokers in the US.

Industry Concerned About Stifled Innovation

The Blockchain Association argued that the rule imposes severe and unjustified burdens on American DeFi companies, threatens innovation in the digital asset sector, and weakens US competitiveness in financial technology:

“Under the rule, software companies that never take custody or control of users’ assets will be required to radically rebuild their services. This would unnecessarily involve collecting personal identifying information and transaction details to report to the government.”

In addition to the compliance burden, the rule unfairly targets US-based crypto companies and could “cripple DeFi innovation” in the US.

The Blockchain Association described the rule as a “midnight regulation” and stated that such far-reaching decisions should be made by Congress. The letter called on Congress to support the CRA resolution to foster DeFi innovation, economic growth, job creation, and financial inclusion.

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