BitMine Chair Tom Lee told investors that the company could generate over $400 million income on its $13 billion worth of ether holdings, primarily via staking.
While Coinbase said that the crypto market structure bill would essentially ban tokenized securities, companies in that sector say that's not the case.
Armstrong told CNBC that his firm pulled support for a sweeping digital assets bill after finding provisions that could have harmed consumers and stifled competition.
The latest push to establish a comprehensive U.S. crypto market structure framework hit a snag this week, but leaders in DeFi don’t seem alarmed by the collapse.
In a letter on Thursday, lawmakers accused the SEC of enabling a "pay-to-play" dynamic after dropping cases against Binance, Coinbase, Kraken and Justin Sun.
The digital assets crowd has been complaining bitterly about bank-lobbyist tactics, but Senate lawmakers have a much longer relationship with their bankers.
The crypto analytics firm is replacing its reward-driven social product with a more selective creator marketing platform after X revised its API policies to curb spam.
The CLARITY Act, expected to clarify digital asset rules, will enable blockchain to bring real-time transparency to government operations and public spending.
Delayed markups could give Congress time to resolve issues that may determine how, and whether, institutions fully enter U.S. crypto markets, broker Benchmark said.