Why the U.S. Crypto Clarity Act Is Stalling in Congress? Dennis Porter Explains

The post Why the U.S. Crypto Clarity Act Is Stalling in Congress? Dennis Porter Explains appeared first on Coinpedia Fintech News  WASHINGTON, D.C. – U.S. crypto legislation known as the Clarity Act has a “50-50 shot” of passing Congress as lawmakers negotiate disputes over ethics rules, crypto rewards, and regulatory oversight ahead of the 2026 midterm elections, according to Satoshi Action Fund CEO Dennis Porter.  The bill, aimed at creating clearer rules for digital assets in the United States, is considered one of the crypto industrys top policy priorities.  “In my opinion, we still have a chance to pass clarity. I would put it at about a 50-50 shot,” Porter said.  Why the Clarity Act Is Being Delayed  In an interview, Porter said the clarity act is currently stalled by disagreements tied to ethics provisions, BRCA-related language, crypto yield products, and concerns among Democrats about vacancies at the Commodity Futures Trading Commission (CFTC).  “The big thing that‘s holding this up right now are certain concerns around ethics, certain concerns around the BRCA language,” Porter said. “We’re also seeing concerns from Democrats about their seats being filled on the CFTC.”  He said negotiations are largely happening behind closed doors and suggested lawmakers are likely to reach compromises rather

04-29

Indian Rupee extends its decline as oil prices rise further

USD/INR trades higher at around 94.75 in the opening session on Wednesday. The pair holds a bullish near-term bias as spot remains above the 20-day exponential moving average (EMA) at roughly 93.66, keeping the recent advance supported.  The Relative Strength Index (RSI) around 63 suggests firm but not yet overbought upside momentum, reinforcing the constructive tone while leaving room for additional gains.  On the downside, immediate support is seen at the 20-day EMA near 93.66. As long as USD/INR defends this moving average, dips are likely to attract buying interest, and the broader uptrend is expected to stay intact. Looking up, the spot is expected to revisit the all-time high slightly above 95.00.

04-29

Block Unveils Proof-of-Reserves for Bitcoin Holdings and Products

Bitcoin  Block Unveils Proof-of-Reserves for Bitcoin Holdings and ProductsAnyone may verify Blocks holdings independently using on-chain signatures, according to Block.Even though they are the largest corporation in the world holding Bitcoin, Strategy has yet to provide a proof-of-reserve.  Coincident with the increasing number of cryptocurrency firms demonstrating their holdings onchain, online payment provider Block has introduced proof-of-reserves for its corporate Bitcoin treasury as well as its two main products, Cash App and Square.  After unveiling the proof-of-reserves feature and other new features in Las Vegas on Monday, the Jack Dorsey-led business said in a post on X that users should be able to verify the whereabouts of their bitcoin rather than having to believe that it is there.  Proof-of-Reserves Gained Popularity  Anyone may verify Block‘s holdings independently using on-chain signatures, according to Block. It also clarified that reserves are actively managed, rather than only being observed historically. The goal of the proof-of-reserves is to confirm the 8,883 Bitcoin, which is the fourteenth biggest Bitcoin holding among corporate treasuries, and is valued at $681.4 million, as shown on Block’s balance sheet.  As a measure of transparency to reassure clients that their assets were fully supported, safe, and not susceptible to abuse, proof-of-reserves gained popularity after the collapse

04-29

Judge Kaplan Rejects SBFs FTX Evidence Request

Tech  Judge Kaplan Rejects SBFs FTX Evidence Request  Former FTX CEO Sam Bankman-Fried‘s new motion request, presented with new evidence to prove the company was financially solvent at the time of its bankruptcy, was politely rejected by U.S. District Judge Lewis Kaplan. In an order issued Tuesday in the Southern District of New York court, Kaplan described the evidence as “baseless” and ruled on it himself despite Bankman-Fried’s recusal request. Although the defense tried to convince the court with arguments emphasizing FTXs solvency, the judge found the claims insufficient. Bankman-Fried withdrew this motion last week, stating he could not get a fair hearing from Kaplan. The appeals process is still ongoing.  Judge Kaplan‘s Criticism of ’Wild Conspiracy Theories  In the original motion filed in February, Bankman-Fried accused the Department of Justice of withholding information; he highlighted the testimonies of Ryan Salame and Daniel Chapsky, arguing that both were too afraid to testify. FTX Digital Markets co-CEO Salame pleaded guilty in 2024 and was sentenced to 90 months in prison. Chapsky was referred to as FTXs former head of data science. In response, Kaplan emphasized that Bankman-Fried could have compelled or requested these testimonies but took no steps to do so. The judge dismissed the

04-29

US Spot Bitcoin ETF Inflow Streak Ends Amid Market Pullback

Bitcoin  US Spot Bitcoin ETF Inflow Streak Ends Amid Market PullbackOn Monday, the Crypto Fear & Greed Sentiment Index hit 47, marking its first “Neutral” reading in three months.According to Farside, the Fidelity Wise Origin Bitcoin Fund (FBTC) was the main culprit on Monday, losing $150 million.  On Monday, when Bitcoin fell below $77,000, exchange-traded funds (ETFs) listed in the United States had their first net outflow in nine sessions.  The first net outflow of $263 million from Bitcoin ETFs since mid-April occurred on Monday, according to statistics from SoSoValue. Spot ETFs received $2.1 billion in inflows since April 13, when Bitcoins price increased by almost 10%, according to CoinGecko. The losses followed this success.  Inflow Streak Ends  On Monday, the Crypto Fear & Greed Sentiment Index hit 47, marking its first “Neutral” reading in three months, coinciding with Bitcoin‘s upswing. On Tuesday, however, the index reverted to “Fear” since Bitcoin’s rise failed to sustain beyond $80,000. According to Farside, the Fidelity Wise Origin Bitcoin Fund (FBTC) was the main culprit on Monday, losing $150 million.  Next came the ARK 21Shares Bitcoin ETF (ARKB) with $43 million and the Grayscale Bitcoin Trust ETF (GBTC) with $47 million. Following streaks of multi-day inflows, the iShares Bitcoin Trust

04-29

Ripple Positions Custody as Core to Institutional Crypto Growth

Crypto  Ripple Positions Custody as Core to Institutional Crypto GrowthRipple highlights custody as core infrastructure driving institutional adoption across Europe.Intesa Sanpaolo deployment signals regulated banks advancing digital asset strategies into production.Chainalysis integration and partnerships expand Ripple custody toward compliant, scalable institutional workflows.  Ripple Custody Emerges as Core Infrastructure for European Institutional  Cassie Craddock, Managing Director for the U.K. and Europe at Ripple, doubled down on custody as a key requirement for institutional growth in an April 27 post on X. She pointed to Europe as the clearest example of this shift, where regulated financial institutions are moving into production environments that depend on secure custody to operate digital asset strategies at scale.  Her comments frame custody as the operational backbone for institutional use cases, including payments, tokenization, , and treasury management. She tied that view to real activity, noting that Intesa Sanpaolo, Italys largest banking group, is using Ripple Custody for its digital asset initiatives. Craddock described it as:  “A clear signal of where European institutional adoption is heading, as well as the standard of infrastructure required to get there.”  Ripples April 15 update provides supporting detail, outlining how its custody platform has expanded through integrations with Chainalysis for compliance, Securosys for cloud-based HSM security, and

04-29

LTC Price Prediction: Critical $56 Break Could Trigger 30% Rally to $72 Within Weeks

Market Context: LTC Consolidation Phase  Litecoin has settled into a tight trading range around $55.13, positioning itself 23% below the key $71.58 long-term moving average that has served as a crucial trend indicator. The current price action reflects the broader cryptocurrency markets uncertainty, yet LTC maintains its role as a proven payment network and Bitcoin testing ground.  Trading activity shows retail investors holding 68.3% long positions while order flow data indicates selling pressure with a 0.84 buy/sell ratio. According to analysts at Blockchain.news, Litecoin continues to demonstrate solid fundamental development despite the recent price stagnation, keeping it positioned for potential infrastructure-driven growth.  Technical Setup Points to Breakout Conditions  The momentum indicators paint a picture of compressed energy waiting for direction. The RSI hovers near neutral territory at 49.26, while the MACD histogram sits close to zero, indicating that the previous trend has exhausted itself. This creates conditions where a relatively small catalyst could trigger significant movement in either direction.  Litecoin currently trades in the middle of its Bollinger Bands at the 0.44 position, showing no clear directional bias. However, the short-term moving averages have converged tightly between $55.01-$55.90, creating a coiled spring effect. The daily Average True Range of $1.38 suggests that volatility has been

04-29

Nuva Digital Closes $5.2M Seed Round: SEED Details

Tech  Nuva Digital Closes $5.2M Seed Round: SEED Details  Nuva Digital, developed in collaboration with Animoca Brands and Nuva Labs, has closed a $5.2 million seed investment to launch the Nuva Finance platform, which provides yields from real-world assets (RWA). The round was led by Morgan Creek Digital, with participation from Ulu Ventures. CEO Anthony Moro stated that this first external funding was completed in one go, structured as a priced Series Seed equity round, and includes token warrant rights. Valuation was not disclosed, but the investment started in the first quarter.  How Does Nuva Finance Work? RWA Vaults  Nuva Digital sets up a system where users deposit USDC and receive nvAsset tokens for proportional ownership. Vault yields are reflected in the token price. Initially, vaults fed by Figure Technologies on-chain assets:nuYLDS: US SEC-approved yield-bearing stablecoin collateral.nuHELOCs: Fixed-rate home equity lines of credit funded by more than $16 billion by Figure Lending LLC.  With a self-custody principle, it connects asset issuers directly with users. This bypasses traditional intermediaries.  SEED Token and Nuva Finance Investment  As part of the investment, Sachin Jaitly from Morgan Creek joins the board. Figure Technologies founder Mike Cagney and Animoca Brands founder Yat Siu will provide advisory roles. Nuva Labs, formerly Provenance Blockchain

04-29

Nuva Digital Closes $5.2M Seed Round: SEED Details

Tech  Nuva Digital Closes $5.2M Seed Round: SEED Details  Nuva Digital, developed in collaboration with Animoca Brands and Nuva Labs, has closed a $5.2 million seed investment to launch the Nuva Finance platform, which provides yields from real-world assets (RWA). The round was led by Morgan Creek Digital, with participation from Ulu Ventures. CEO Anthony Moro stated that this first external funding was completed in one go, structured as a priced Series Seed equity round, and includes token warrant rights. Valuation was not disclosed, but the investment started in the first quarter.  How Does Nuva Finance Work? RWA Vaults  Nuva Digital sets up a system where users deposit USDC and receive nvAsset tokens for proportional ownership. Vault yields are reflected in the token price. Initially, vaults fed by Figure Technologies on-chain assets:nuYLDS: US SEC-approved yield-bearing stablecoin collateral.nuHELOCs: Fixed-rate home equity lines of credit funded by more than $16 billion by Figure Lending LLC.  With a self-custody principle, it connects asset issuers directly with users. This bypasses traditional intermediaries.  SEED Token and Nuva Finance Investment  As part of the investment, Sachin Jaitly from Morgan Creek joins the board. Figure Technologies founder Mike Cagney and Animoca Brands founder Yat Siu will provide advisory roles. Nuva Labs, formerly Provenance Blockchain

04-29

LTC Price Prediction: Critical $56 Break Could Trigger 30% Rally to $72 Within Weeks

Market Context: LTC Consolidation Phase  Litecoin has settled into a tight trading range around $55.13, positioning itself 23% below the key $71.58 long-term moving average that has served as a crucial trend indicator. The current price action reflects the broader cryptocurrency markets uncertainty, yet LTC maintains its role as a proven payment network and Bitcoin testing ground.  Trading activity shows retail investors holding 68.3% long positions while order flow data indicates selling pressure with a 0.84 buy/sell ratio. According to analysts at Blockchain.news, Litecoin continues to demonstrate solid fundamental development despite the recent price stagnation, keeping it positioned for potential infrastructure-driven growth.  Technical Setup Points to Breakout Conditions  The momentum indicators paint a picture of compressed energy waiting for direction. The RSI hovers near neutral territory at 49.26, while the MACD histogram sits close to zero, indicating that the previous trend has exhausted itself. This creates conditions where a relatively small catalyst could trigger significant movement in either direction.  Litecoin currently trades in the middle of its Bollinger Bands at the 0.44 position, showing no clear directional bias. However, the short-term moving averages have converged tightly between $55.01-$55.90, creating a coiled spring effect. The daily Average True Range of $1.38 suggests that volatility has been

04-29
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