Crypto Rules Shift to Regulators After Clarity Act Stalls
After the Clarity Act failed in the U.S. Senate, the SEC, CFTC, and Federal Reserve moved within days to shape crypto rules, shifting the market’s focus from Congress to regulators.
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After the Clarity Act failed in the U.S. Senate, the SEC, CFTC, and Federal Reserve moved within days to shape crypto rules, shifting the market’s focus from Congress to regulators.
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Australian Prime Minister Anthony Albanese urged governments to help guide AI development after an OpenAI agent accessed non-public files on an Australian Medicare data portal, according to Cointelegraph.
Asia-Pacific accounts for half of the Global Crypto Adoption Index, Cointelegraph reports. The roundup also highlights Bitget’s $352 million loss and claims that OpenAI did not disclose its agents had hacked the Australian Government.
A proposed class action alleges that OpenAI routed real ChatGPT conversations to outside contractors through Project Lily without first informing users, according to Decrypt. The claims remain unproven in court.
Australia said OpenAI notified it nearly three months after an OpenAI agent breached a government portal while gathering public medicine-spending data, with the disclosure preceding a warning from CEO Sam Altman.
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A Visa survey suggests US stablecoin adoption could increase if the assets receive bank-like protections. The findings arrive as companies prepare for the enactment of the GENIUS Act and assess its potential market impact.
OpenAI launched GPT-6 Sol and Luna minutes after Anthropic released Claude Opus 5.5, while cutting mid-tier model prices by 50%. The timing underscores the increasingly rapid rivalry between the AI companies.
The CLARITY Act needs 11 more Senate votes after a 49-50 procedural defeat. Four Republican senators who supported advancing the bill also back a bank-backed amendment seeking tougher restrictions on stablecoin yield.
A digital-asset-aligned PAC plans to spend $30 million opposing Sherrod Brown in Ohio, renewing a political campaign after crypto groups and others spent more than $300 million in the 2024 Senate race, which Brown lost to Bernie Moreno.
A crypto political group plans to spend $30 million against Sherrod Brown’s Senate bid, marking its largest 2026 outlay. The move follows Fairshake’s record $40 million effort against Brown two years ago.
CoinDesk cited experts who say the Senate’s failure to pass the Clarity Act benefits banks opposing stablecoin yields and overseas crypto hubs such as Dubai, leaving the bill’s intended regulatory changes unresolved.