Crypto Vote Gains Momentum in Congress

According to recent reports, Republican lawmakers are eager to advance pro-crypto legislation without delay. The upcoming vote is expected to center around a combined proposal featuring stablecoin policy and the CLARITY Act, which aims to establish a clearer regulatory framework for the crypto market.

Earlier this month, discussions emerged around the possibility of merging the two bills to ensure legislative momentum isn’t lost. Lawmakers appear to be taking advantage of the current window of opportunity to push reforms that could reshape the future of digital finance in the U.S.

How Will Crypto Voting Be Conducted?

While the details of how these two proposals might be combined remain unclear, industry observers are watching closely. It’s also still uncertain whether they will be voted on together or separately.

According to journalist Brendan Pedersen from Punchbowl News, House Majority Whip Tom Emmer has indicated that a vote will proceed if the GENIUS Act (a stablecoin bill previously passed by the Senate) is joined with the broader market structure reforms under the CLARITY Act.

Market Structure Reform: A New Era for U.S. Crypto Regulation

Back in June, the House committees approved the market structure bill, signaling a strong interest in revamping how the cryptocurrency sector is supervised. This legislation could redefine the roles of key regulators like the SEC and CFTC, bringing much-needed clarity to their jurisdiction over digital assets.

However, a final vote date has yet to be confirmed, and political or procedural developments could still cause delays.

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The post Major Crypto Vote Expected in the U.S. House This Week appeared first on Coin Engineer.

Binance’s New Listing Model and Selected Tokens

As per the March 27 announcement, the following tokens will be listed on Binance Spot Market at 21:00 UTC:

• mubarak (MUBARAK)

• CZ’s dog (BROCCOLI714)

• tutorial (TUT)

• banana for scale (BANANAS31)

All tokens will be available for trading against USDT and USDC pairs. Deposits were opened earlier on March 27, while withdrawals will be available from March 28.

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Binance emphasized that selection was not solely based on voting data. A spokesperson clarified:

“The four tokens were chosen based on a comprehensive review, including raw voting data, market activity, risk compliance, and overall engagement.”

The exchange reviewed 185,432 votes and filtered out over 12,000 invalid ones during the vetting process.

Vote to List Process and Future Considerations

During voting, MUBARAK ranked highest under one methodology, while BANANAS31 led in another. However, Binance clarified that tokens not selected in this round may still be considered for future listings.

Binance stated:

“Tokens in the first batch of Vote to List that are not listed remain eligible for future consideration, subject to ongoing performance reviews and due diligence.”

The four selected tokens will carry a Seed Tag, indicating high risk and volatility. Users must complete risk acknowledgment quizzes every 90 days to access them. Regional restrictions also apply.

Binance noted:

“Trading availability of the aforementioned pairs is subject to the user’s country or region of residence.”

Binance Alpha users who previously held these tokens can now transfer them to their Spot Accounts for continued trading.

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Solana’s Inflation Adjustment Proposal Rejected

Multicoin Capital co-founder Tushar Jain stated that despite the proposal failing, this was an important step for the Solana ecosystem and its governance process.

The vote saw participation from 910 validators, representing 74% of the staked supply. However, only 43.6% voted in favor, while 27.4% voted against and 3.3% abstained. The proposal required 66.67% approval to pass but received only 61.4%.

Solana’s X team emphasized that the voter turnout was higher than every U.S. presidential election in the last 100 years.

What Was the Proposal’s Goal?

SIMD-228 aimed to transition Solana’s inflation system from a fixed schedule to a dynamic, market-based model. The new system would adjust inflation rates based on staking participation to prevent excessive token issuance.

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Currently, Solana‘s annual inflation rate starts at 8%, decreasing by 15% per year until it reaches 1.5%. However, the new model could have reduced inflation by up to 80%. As of now, Solana’s inflation rate stands at 4.66%, with only 3% of the total supply staked.

High inflation can increase selling pressure, lower SOL’s price, and discourage network activity. The proposed system aimed to stabilize the network by adjusting inflation rates based on staking participation while encouraging more active use of SOL in DeFi.

How Did This Affect SOL’s Price?

The rejection of the proposal did not trigger significant volatility in SOL’s price. SOL dropped 1.5% on the day, falling just below $125. However, following the memecoin bubble burst, SOL has lost nearly 60% of its value over the past two months. Additionally, Solana’s network revenue has declined by over 90% due to reduced memecoin minting and trading activity.

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