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Then came the massive capital overhang. Venture funds raised billions during the last cycle, leaving crypto treasuries flush with idle cash. As the market matured, founders ran into a brutal wall, specifically an oversupply of tech primitives and a severe shortage of...
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Key TakeawaysTD Cowen puts the CLARITY Act’s odds of enactment at just 25%.Ethics and anti-money laundering disputes could derail Senate action.Three failure scenarios could stop the bill without final passage. Why TD Cowen Sees the Bill Failing This Fall The crypto...
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Key TakeawaysCEO Phong Le said the company’s USD reserve and duration reached all-time highs after growing more than 5X in 2.5 months.The reserve climbed to $4.65 billion from $871 million in late May, extending liquidity available for preferred dividends and debt...
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Key TakeawaysThe Sept. 15 vote is the first floor test for the CLARITY Act.Supporters need 60 votes to clear cloture on the motion to proceed.Debate, amendments, and a second cloture vote can follow before final passage. What Exactly Is the Senate Voting on Sept. 15?...
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Key TakeawaysCommunity banks lobbied the GOP against the CLARITY Act, fearing stablecoin rewards will drain deposits.Senators Hawley and Moran now oppose the bill unless amended, fracturing crucial Republican support.Coupled with unresolved ethics disputes, CLARITY’s... Page 1 of 13,19612345...102030...»Last » Translate »