Clarity Act Update: US Crypto Bill Faces Fresh Hurdle Before Critical Senate Vote

Key InsightsClarity Act update draws opposition from James and 17 other attorneys general.Revised text adds ethics rules, state enforcement, and a stablecoin-rewards circuit breaker.A Tuesday cloture vote needs 60 votes as banks seek tighter rewards language.  The Clarity Act update faces a fresh obstacle before Tuesdays Senate procedural vote. New York Attorney General Letitia James and 17 other attorneys general urge lawmakers to reject the crypto market-structure bill. Their Monday letter says federal preemption could weaken state registration authority and investor-protection cases. The group argues that the measure could make fraud enforcement harder for state prosecutors.  The Clarity Act Senate vote needs 60 votes to advance. Republican sponsors say the revised text incorporates 126 changes requested by Democrats. Those revisions address official ethics, stablecoin rewards, decentralized finance, and developer registration.  The debate also tests how crypto regulation will divide federal and state authority. Even so, state officials and banking groups say unresolved language still needs changes.  Clarity Act Update Draws State Enforcement Warning  James‘s coalition sent the letter to Banking Committee leaders Tim Scott and Elizabeth Warren. It places the Clarity Act update at the center of the dispute. The coalition’s central concern is language allowing the Securities and Exchange Commission to preempt state registration

09-15Industry

Australian Dollar gets caught between AI selloff and 5% US yields

The Aussie Dollar registered losses of over 0.73% on Monday as sentiment soured due to a fall in technology shares, along with heightened tensions in the Middle East, high energy prices, and a jump in bond yields. The AUD/USD trades at 0.7118, after hitting a high of the day (HOD) of 0.7168.  AUD/USD falls as tech weakness, Oil risks and Fed bets lift Dollar  The leaders of AI companies in the US expressed concerns about the rapid pace of advances in the industry and called for a slowdown. This triggered a leg lower in US equity markets, while the US Dollar – boosted by the US 10-year T-bond yield past 5% – is poised to end Mondays session up 0.33%, according to the US Dollar Index (DXY).  The DXY, which measures the advance of the American Dollar against its six peers, reclaims the 99.00 level, up 99.46.  Geopolitics are playing a big role, following Yemen‘s Houthis attack on a Saudi Oil pipeline, which could be shut for several weeks, triggering a shortage of about 7 million barrels per day. Hence, investors’ inflation expectations continued to rise following last weeks US inflation data, which pushed traders to price in almost a full rate hike by

09-15Industry

The Euro breaks both its moving averages as the Fed's hike becomes certain

EUR/USD closed near 1.1550 on Monday, 0.42% lower, and beneath both of its moving averages for the first time since late July. The 50-day and 200-day Exponential Moving Averages (EMA), the chart‘s two usual reference lines, now sit two pips apart, so the pair fell through one line rather than two. The Dollar rose against every major currency on the day. Futures tied to the Fed’s rate ended it with Wednesdays quarter-point increase priced at 100%, which would be the first American increase since 2023. The European Central Bank (ECB) raised its own rate last Thursday, and the Euro has fallen in every session since.  The forecast that justified the hike has a cheaper barrel in it  The ECB raised its deposit rate, the rate it pays banks on the cash they park with it overnight, to 2.50% on September 10. It was the second increase of the year, and the decision was unanimous. The statement said inflation will stay well above target for an extended period. The staff forecast published alongside has inflation peaking at 3.6% in the fourth quarter and back at 2.5% by the middle of next year. That path rests on a Crude Oil price assumption fixed on

09-15Industry

Armstrong Pushes Real-Share Model as Coinbase Expands

Coinbase CEO Brian Armstrong said tokenized stocks should represent real shares, giving investors ownership rights rather than simply tracking stock prices.  Armstrong outlined the approach on X as Coinbase expands blockchain-based access to US equities for customers outside the US. Under the model, underlying shares would be held in custody, while tokens could include redemption and dividend features.  Weve set the standard with Coinbase Tokenized Stocks.  No synthetics or debt instruments, real fully-backed securities, redeemable for the underlying shares, with dividends integrated, and voting rights coming soon.  That means access for global investors and institutions to the…  Real shares behind tokens  Coinbase launched Base-native tokens linked to Apple, Nvidia, Meta and Alphabet in August. The products use the B20 token standard and trade under the tickers AAPLc, NVDAc, METAc and GOOGLc.  Related: Bitget 8-Year Evolution: From Crypto Exchange to Universal Exchange  The tokens do not give holders direct ownership of the underlying companies. Coinbase Onchain SPV issues the tokens, while Alpaca Securities holds the corresponding shares. Legal ownership therefore remains with the trust rather than token holders.  Redemption and voting limits  Vested token holders can request redemption for underlying stocks, dollars or USDC, subject to eligibility checks and a 0.05% fee. Voting rights are exercised indirectly through the structure.  Unvested holders

09-15Industry

Hard assets are entering their next explosive phase – Are you positioned?

Its official: Commodities and Hard Assets have become the best-performing asset class of 2026.  In a year defined by persistent inflation, geopolitical conflict, rising sovereign debt and intensifying supply disruption, capital is rotating aggressively into the one area governments cannot print and central banks cannot manufacture: scarce physical assets.  From Oil, Natural Gas and refined fuels to Copper, Tin and Aluminium and Coffee, Sugar, Cocoa, Wheat and Soybeans, the message is clear: the world is repricing the raw materials it needs to function.  “What we are seeing is not a temporary spike in one isolated corner of the market,” says Lars Hansen, Head of Research at The Gold & Silver Club. “This is a broad-based Hard Asset repricing driven by inflation, scarcity, geopolitical fragmentation and resurgent physical demand. Commodities are no longer an alternative trade. They have become the dominant macro trade of 2026.”  Measured from their 2026 lows, the breadth of the rally is difficult to ignore.  European Natural Gas has surged 204%, Heating Oil 149% and Diesel 136%. Gasoline has more than doubled, Jet Fuel has climbed 98%, while WTI and Brent Crude Oil have advanced 85% and 82%, respectively.  Agriculture is being repriced just as aggressively. Cocoa has roughly doubled from its 2026

09-15Industry

Crude Oil spikes on a shut Saudi pipeline and unwinds on Trump's posts

West Texas Intermediate (WTI) trades near $98.00, about 1.4% higher on the day. It was more than 4% higher shortly after 12:30 GMT and had given nearly all of that back by 19:00. The gain priced a Saudi pipeline that was shut on Friday and photographed from orbit on Sunday with a burnt-out pumping station. The loss priced four posts on Truth Social between 15:05 and 16:31 GMT. The last of them said the price will drop like a rock once the war is over. The next half hour supplied the drop.  The worlds largest exporter has run out of doors  Saudi Crude Oil leaves the country three ways, and all three had a bad week. Tankers can sail out through the Strait of Hormuz, where Iran now requires permission. Four vessels exited that way over the weekend, against about 100 a day before the war began on February 28. Or the barrels cross the peninsula in the East-West pipeline, 7 million barrels a day of capacity, to Yanbu on the Red Sea. From Yanbu they sail south to Asia through Bab el-Mandeb or north to Europe through Suez.  The Houthis took the port of Mokha and Perim Island, in the middle of

09-15Industry

Bulgaria Passes Law Granting Tax Officials Full Crypto Data Access

Key TakeawaysBulgarias National Assembly voted 149–0 on Sept. 9 to give the National Revenue Agency access to crypto user data.Mandatory data reporting raises compliance costs for small crypto firms, threatening regional fintech competitiveness.The law transposes 2 EU directives by Dec. 31, 2025, enabling cross-border data sharing to stop tax avoidance.  Lawmakers Approve EU-Aligned Legislation  Bulgarias National Assembly on Sept. 9 approved the final reading of amendments to the Tax and Social Security Procedure Code that will give revenue officials access to detailed information on crypto‑asset users. Lawmakers voted 149–0 in the 240‑seat chamber, with 10 abstentions.  The bill, introduced by the Cabinet, transposes two European Union (EU) directives aimed at improving tax transparency and curbing tax evasion. Under the changes, tax authorities across the EU and partner jurisdictions will be able to exchange information on individuals and companies trading in crypto assets.  The amendments require companies dealing in crypto assets to register and report user data to the National Revenue Agency. The information includes names, addresses, dates and places of birth, tax residency details and tax identification numbers.  Discover more  Finance  Deploy Cloud Servers  News  Providers must also submit transaction‑level data for each type of crypto asset handled, including the total gross amount received, the number of units traded,

09-15Industry

Dogecoin price rises 3%—but $0.09 still stands in the way

On Sunday, September 13, Dogecoins price surged by nearly 3% to reach $0.0848, continuing its recovery from the August lows.  While some analysts believe the memecoin may be forming a base for a more significant rebound, a familiar obstacle around $0.09still stands before DOGE to gather enough support for a clear run to and move beyond $0.10.  Dogecoin attempts to leave its decline behind  DOGE traded as high as $0.08496at the time of writing, with volume hitting 141.53 milliontokens. Buyers have stepped in when it approached $0.08, keeping DOGE from returning to its recent lows.  The recent rise arrives after a difficult few months for Dogecoin, seeing it drop from above $0.11in May and falling briefly to below $0.07in August.  That decline has slowed with DOGE mostly between $0.08 and $0.009. The tighter range is seen by some analysts as evidence that sellers are losing control.  The road to $0.10 remains difficult  The nearest test is between $0.088 and $0.09. DOGE has struggled around the level multiple times since the August rally, and buyers have not been able to keep its price above the level.  If it sees a successful move beyond $0.09, it would bring $0.10back into view, but as it stands with the latest price, it

09-15Industry

OpenAIs Sam Altman Warns Humans Could Lose Control of AI

In briefAltman said AI progress should slow to accommodate safety checks and monitoring.OpenAI now prepares safety cases ahead of certain training runs, he said.He welcomed federal rules but urged companies to begin the work themselves.  OpenAI CEO Sam Altman says AI companies should accept slower development to make their systems safer and begin strengthening safeguards without waiting for legislation.  In a post on X on Sunday, the head of the company behind ChatGPT said AIs rapid development risks putting the future beyond human control or concentrating too much power in a single person or company, noting “two ways AI progress could go very badly and that we must avoid.”  Myriad: How high will Nvidia trade in Sept? Click to make your prediction.  “First, we could lose control of the future to AI. This is unacceptable; we are unapologetically on Team Humanity, and AI must always serve people,” Altman wrote. “To ensure that, we need ways to ensure that alignment and safety techniques stay ahead of progress in model capabilities.”  The second, Altman warned, is that power could become concentrated in one person or company, allowing them to use extraordinarily powerful AI to impose their worldview on everyone else with potentially dystopian results.  “Avoiding these two threats

09-15Industry

Kraken brings DeFi yield to tokenized stocks and ETFs

Crypto exchange Kraken has launched onchain yield vaults for select tokenized stocks and ETFs, allowing clients to earn returns by lending the assets through decentralized finance protocols, according to a Monday announcement.  The new xStocks vaults support tokenized versions of the SPDR S&P 500 ETF (SPYx), Invesco QQQ ETF (QQQx) and Nvidia (NVDAx), with yield generated by lending the assets through onchain markets. Yield is paid in the deposited xStocks, while withdrawal requests are processed within three days.  The vaults use the same infrastructure as Kraken DeFi Earn, which launched in January and has since attracted more than $800 million in deposits, according to the company.  The xStocks vaults are powered by Veda, with Sentora designing and managing the lending strategies used to generate yield. Assets are lent through DeFi markets such as Kamino on Solana, with Sentora setting exposure limits and monitoring collateral, liquidity and oracle conditions.  The vaults are available to eligible Kraken clients in the European Economic Area and other markets, but are excluded in the United States, United Kingdom, Canada, Australia and the United Arab Emirates.  Krakens launch comes amid rapid growth in tokenized equities. The distributed value of tokenized stocks and ETFs has climbed to about $2.84 billion, up from

09-15Industry
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