President Trump agreed to expanded conflict-of-interest rules and state-level enforcement powers as part of GOP negotiations to secure Senate support for the Clarity Act. The compromise was described as Republicans' "last, best and final offer" ahead of Tuesday's vote, though Democratic support remains uncertain.
Senate Republicans unveiled the final 635-page CLARITY Act text Monday, incorporating over 120 Democratic demands and raising civil penalties while restoring state attorney general enforcement authority. A cloture vote scheduled for Tuesday will determine if the crypto market-structure bill advances, with prediction markets pricing passage odds above 32%.
The UK Financial Conduct Authority finalized its crypto regulatory framework, requiring exchanges, custodians, and stablecoin issuers to obtain full FSMA authorization by October 2027. Firms have until February 28 to submit applications during a five-month window that began September 30.
Prediction market traders raised odds of the CLARITY Act becoming law to above 32%, the highest since early August, after Senate Republicans released the compromise draft. The cloture vote on Tuesday will determine whether the crypto market-structure bill advances to a full Senate vote.
India's securities regulator and central bank launched a pilot program issuing corporate bonds as digital tokens settled in the RBI's wholesale digital rupee. Three companies have raised approximately $107 million through the initiative, with secondary trading and retail access planned for later phases.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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