The U.S. Senate scheduled an initial vote on the CLARITY Act for September 15, marking a key moment for crypto regulatory clarity. The vote occurs during a compressed window of macro and regulatory events that will shape crypto policy for years.
Blockstream's Liquid Network was paused after nearly all bitcoin reserves backing L-BTC were withdrawn by parties claiming to be white-hat hackers. Bridge nodes were disabled and the sidechain halted pending investigation into the ~4,000 BTC withdrawal.
Sony Bank's U.S. subsidiary, Connectia Trust, received conditional OCC approval to operate as a national trust bank and issue a dollar-pegged stablecoin. The company must satisfy final regulatory conditions before launch, with 2027 cited as a potential target date.
The CLARITY Act failed to advance before the July Senate recess, pushing decision-making to an August 7 deadline for leadership floor allocation. Committee momentum does not guarantee floor consideration given competing legislative priorities.
Aave introduced Stable Vaults, enabling wallets, exchanges, and payment apps to offer fixed-rate yield on stablecoin deposits to users. The product leverages Aave's $12 billion in total value locked and Chainlink infrastructure.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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