News linked to both this project and an event.
Crypto journalist Eleanor Terrett posted on X, stating that Republican members of the U.S. House Financial Services Committee will hold a live hearing in New York at 10:00 AM Eastern Time, focusing on how the CLARITY Act can drive innovation in the digital asset sector.This hearing is an informational session aimed at gathering industry opinions and discussing policy implications, and it will not affect the Senate's current legislative process for the bill.Meanwhile, the updated legislative text of the CLARITY Act has still not been released. Previously, U.S. President Donald Trump met with Republican senators regarding related ethical provisions, but as of now, the new bill text has not been officially published.Eleanor Terrett cited industry sources, noting that crypto industry leaders currently expect the release of the updated text to be delayed until next week.Market participants are closely watching the CLARITY Act, which serves as a key component of the U.S. crypto market structure regulatory framework. Its final text and pace of advancement will influence the future compliance pathways for digital asset companies, trading platforms, and institutional investors.
Naver Financial and Dunamu have postponed the completion date of their comprehensive share swap transaction to December 31st, marking the second delay for this deal. The transaction aims to integrate Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, into Naver's financial division. The original settlement date was September 30th. Dunamu stated that incomplete digital asset legislation and pending antitrust reviews remain key variables, and any progress in either approval process could further extend the timeline or even lead to changes in the transaction.
According to The Block, South Korea's Upbit parent company Dunamu and Naver Financial announced that their stock swap transaction has been delayed again, with the latest deadline extended to December 31, 2026. This is the second delay for the transaction; previously, in March this year, it was postponed from June 30 to September 30. The two companies stated that the "Digital Asset Basic Act" currently being drafted in South Korea may affect the transaction's progress or even the final outcome. The bill contains controversial clauses proposing to cap the shareholding ratio of major shareholders in domestic crypto exchanges at 20%, which would directly impact Upbit's existing equity structure if implemented. Previously, the transaction plan involved Naver Financial issuing approximately 87.56 million new shares, with a total value of about 15.13 trillion Korean won (approximately 9.9 billion USD), to promote synergistic development between both parties in the fields of digital assets and the integration of AI and blockchain.
According to CoinDesk, FBI Director Kash Patel purchased stock in Bitcoin-holding company Strategy (MSTR) for between $100,000 and $250,000 on November 21, 2025, but did not disclose it to regulators until May 26, 2026, a delay of over 6 months, violating the 45-day disclosure deadline stipulated by the Stop Trading on Congressional Knowledge Act (STOCK Act). Patel later explained to the Office of Government Ethics that it was an unintentional omission caused by "miscommunication." Dylan Hedtler-Gaudette of government watchdog Project on Government Oversight bluntly criticized his behavior as "illegal," and called for a comprehensive ban on federal officials trading stocks. Deputy Assistant Attorney General William Taylor of the Department of Justice stated in a letter on May 28 that the transaction did not constitute a conflict of interest, and the DOJ has not yet fined him.
crypto journalist Eleanor Terrett posted on platform X, stating that due to ongoing disagreements within the Republican party over the border security coordination bill, the US Senate failed to advance relevant agenda items before the Memorial Day recess. As a result, the crypto market structure bill, the CLARITY Act, will need to compete for Senate floor time again after Congress reconvenes in early June. The Senate's current schedule is already very tight, with housing legislation, the farm bill, and the FISA Act deadline on June 12 also needing to be addressed. Therefore, the crypto market structure legislation is likely to be postponed for consideration until July, thereby affecting the probability of its final passage before the August recess. It is reported that staff from the Senate Agriculture Committee and the Banking Committee have already begun coordinating and merging bill texts behind the scenes, and related technical drafting work will continue during the recess.
the U.S. SEC is seeking public comments on prediction market ETFs and has postponed the approval process for related "new-type ETFs."SEC Chairman Paul Atkins stated, "New products bring new questions," indicating that regulators need to further assess the impact of such products. Previously, Bitwise, Roundhill, and GraniteShares have submitted applications for prediction market ETFs, which would track the outcomes of events such as U.S. elections.Bloomberg ETF analyst Eric Balchunas noted that the SEC is currently evaluating prediction market ETFs cautiously, similar to its previous approach to spot crypto ETFs. (Cointelegraph)
Chloe (@ChloeTalk1), a columnist for HTX DeepThink and researcher at HTX Research, analyzes that the current macro framework for the crypto market has shifted from “liquidity trades awaiting rate cuts” to a constraining environment characterized by “higher-for-longer interest rates + sticky inflation + war-related shocks.” According to the latest Reuters survey, most economists have pushed back their expectations for rate cuts to after September, with nearly one-third believing no cuts will occur this year. The primary reason is that the Middle East conflict has driven up energy prices, pushing inflation trajectories higher once again and thereby constraining the Federal Reserve’s policy space. This shift directly undermines the two key narratives previously supporting crypto assets: expectations of liquidity easing and a declining interest-rate path. Elevated oil prices, coupled with consecutive upward revisions to PCE inflation expectations, increase the likelihood that interest rates will remain high—or even extend their elevated period—leading to a higher discount rate and shrinking risk budgets. As a result, marginal capital inflows into the crypto market are diminishing, and high-volatility assets broadly face mounting pressure.
According to The Block, Thom Tillis, a Republican Senator from North Carolina and a key negotiator on the Senate Banking Committee, stated that the committee does not expect to schedule hearings to revise and vote on the crypto market structure bill within April. The primary legislative disagreement currently centers on how to handle rewards associated with stablecoins: the current draft proposes banning rewards for idle stablecoin accounts while permitting returns generated from trading activity. Banking representatives fear such returns could draw deposits away from traditional banks, whereas crypto firms argue that restricting rewards would stifle innovation. Tillis suggested postponing the committee’s review to May. Previously, Senator Bernie Moreno warned that if the bill fails to pass before May, “digital asset legislation will stall indefinitely.”
According to The Block, the latest draft language of the Clarity Act concerning stablecoin yield will be delayed until next week or later. Sources familiar with the matter say the current text retains prior wording—namely, prohibiting yield generation on idle stablecoin balances held in accounts, while permitting yield from activities such as trading. Senator Thom Tillis stated that the draft text will not be made public until the Senate Banking Committee’s review timeline is confirmed. The report notes that the legislative team remains engaged in discussions with the American Bankers Association and crypto firms, and that making substantive revisions to the text at this stage would be difficult.