Digital Assets archive
Every Digital Assets story, newest first. 462 stories
23 stories
- Regulation
Senate's Clarity Act fails 49-50, and certainty shifts to the SEC
The eleven-vote miss hands market structure to agency rulemaking, which is quicker to write and quicker to reverse than a statute.
- Regulation
Clarity Act fails 49-50, and the agencies inherit the rulebook
With the bill dead, the durability institutional allocators were buying now rests on two commissions whose rules the next administration can rewrite.
- Regulation
Clarity Act falls 49-50, and the crypto exit stays unwritten
With the statute dead, the SEC's exemptions and a narrow tokenization approval are the whole rulebook—and neither can answer how a token trades after issuance.
- Regulation
Clarity Act fails, leaving agencies the rulebook
Without a statute, every charter, ETP rule and venue accommodation the industry is building on stays revocable by the regulator that granted it.
- Tokenization
Kamino hires a distribution CEO to sell tokenized lending
A Manhattan headquarters and a finance bench answer the easy half of the business; the match between PRIME deposits and borrowers is the harder one.
- Regulation
Clarity Act's ethics fix is paperwork, not a firewall
Two of the bill's hardest provisions, ethics and stablecoin interest, were rewritten hours before a 60-vote gate, and the ethics text already shows the shape of what the last votes bought.
- Regulation
Senate's crypto market-structure vote turns on seven senators
A failed motion costs the bill its place in the queue and leaves custody charters and issuer-controlled settlement rails as the framework the market actually runs on.
- Adoption
Kamino is buying distribution, and the ratio will judge it
The Solana lender's institutional pitch rests on curator-run isolated markets — the same segmented design Compound is selling — and on whether fresh deposits find matching borrowers.
- Regulation
A failed Clarity Act vote leaves tokenized equities with Congress
The procedural vote is leverage for both parties, but its cost lands on the one product the agencies have already refused to hand a compliance path.
- Regulation
Clarity Act's fate now rides on riders, not definitions
Republicans rejected a Democratic counteroffer hours before the Senate's 60-vote cloture test, and prediction markets cut the Clarity Act's 2026 odds from about 30% to 14%.
- Regulation
Atkins moves the crypto rulebook to the SEC's own docket
Three SEC rulemakings — custody, transfer agents, issuance — will bind platforms whether or not the Senate advances the Clarity Act.
- Regulation
Crypto's unglamorous tax bill reaches its first markup
Ways and Means votes Wednesday on 114 pages of de minimis relief, wash-sale treatment, and broker reporting that will decide whether institutions can hold digital assets at book scale.
- Regulation
Eighteen AGs put preemption at the center of the Clarity Act
The sponsors can trade text with gaming tribes; a state-police-powers savings clause is the harder ask, and the letter urges a no vote until it exists.
- Adoption
Visa, Circle and Ripple put $10 million into the back end
Three incumbent rails bought a cheap position in the settlement layer behind cards, and the $200 million mark already assumes routing follows.
- Adoption
Stack BTC will pay for bitcoin with a gold dealer's cash flow
The £12 million proposal is worth three times the treasury's 68 bitcoin, which makes the gold dealer the larger enterprise and Stack a holding company with a coin position attached.
- Regulation
A Failed CLARITY Vote Would Speed Wall Street's Crypto Buildout
The market-structure bill is a tailwind rather than the precondition, and failure pulls the 2027-28 tokenization calendar forward instead of parking it.
- Regulation
The digital euro's binding constraint is merchant economics
The ECB's 2029 target depends on retail acceptance and unfinished law, neither of which the pilot can settle.
- Regulation
Banks want the stablecoin rewards line drawn first
Eight banking groups spent the last day before the Senate vote trying to narrow a stablecoin rewards loophole, but the circuit breaker they're attacking is time-boxed and small — and that scope is the tell.
- Regulation
House crypto tax bill reaches institutions, then hits the calendar
A 114-page tax text takes up the accounting questions funds and advisors need answered; the House recess is likely to kill it before those answers become law.
- Regulation
Clarity Act's ethics rewrite buys a vote, not a stablecoin yield fix
The new ethics language removes the Democratic objection that stalled the Senate's market-structure bill, leaving the yield fight that sank it once before as the only live dispute.
- Tokenization
Bitget Wallet shelves its own tokenized stocks beside Ondo's
The widest retail shelf for tokenized equities now belongs to a group that issues the product sitting on it.
- The Wrap
S&P's calculation layer becomes the tokenized-asset price
Ten institutions are financing the valuation convention their custodians will inherit, while Kraken's leveraged credit strategy puts depositor principal at risk for a 2% yield.
- Adoption
Fin.com's $20 million seed is a bet on payout corridors
The white-label rails that move digital dollars into local bank accounts are stablecoins' unglamorous half, and the half incumbents have been buying rather than building.
5 stories
- Regulation
Atkins names the crypto rule's hardest question, then hands it to Congress
The SEC's proposed crypto rule can write the entrance to a U.S. token offering; its chair has just said Congress must write the exit.
- Regulation
Clarity Act odds now ride on an ethics bar
Conflict restrictions written without a sunset and enforceable by state attorneys general would outlast the definitions the bill is nominally about.
- Custody & Infrastructure
S&P Global buys the calculation layer under its own index brand
Ten institutions bought into the vendor whose convention will price the tokenized assets their own custodians will have to value.
- Tokenization
Kraken turns tokenized equity into collateral and keeps 25% of the yield
The 2% APY on SPYx and QQQx comes from a leveraged credit strategy behind an exchange interface, and the disclosed loss-sharing reaches the depositor's principal.
- The Wrap
Stablecoins take the payment fee, not the deposit
Balances are holding, so the ABA's Washington fight is not the one its members are losing.
1 story
- Adoption
Community banks are defending deposits while the payment flow migrates
An op-ed's deposit data undercuts the ABA's stablecoin fear, but the workflow leak is the one that costs.
3 stories
- The Wrap
This week, tokenization sold paperwork and charged for it
Robinhood's debt defense, Valinor's empty contract, and ARK's narrow filing share one design choice: route around the consent step, and bill for the routing.
- Regulation
Lummis revises CLARITY five days out and leaves the carve-out alone
Three narrow changes land five days before a 60-vote cloture motion that still turns on the DeFi anti-money-laundering exemption.
- Custody & Infrastructure
Liquid's exit stays shut as Blockstream refuses the ransom
Blockstream's refusal costs it little; 598.5 bitcoin remains outstanding and the only exit from Liquid is still shut.
7 stories
- Tokenization
Valinor's tokenized BDC fund bought its liquidity from the tape
A $5 million wrapper around listed business development companies, with a token contract that has moved nothing, puts the 1.25% fee on trial.
- The Wrap
Banks are buying freeze switches, not ledgers
U.S. Bank's live dollar token on Stellar and Swift's second live payment on its ledger point to one product: settlement on the issuer's terms.
- Regulation
Atkins headlines a Solana summit while the SEC's rulebook waits
The SEC's most legible statement on digital assets right now is the company its principals keep.
- Adoption
The stablecoin payout layer is a licensing business
Oak HC/FT is funding the unglamorous half of stablecoin payments — licences, audits and local scheme connections — while Circle pays nine times more in stock to buy the same capability outright.
- Tokenization
A national bank's stablecoin lands on Stellar, freeze switch included
U.S. Bank's live cross-border pilot in its own dollar token shows banks will use public rails as long as the issuer keeps the ability to stop a transfer.
- The Wrap
The gate is free and the last mile is for sale
Two infrastructure moves this week show the economics of institutional digital assets moving from the settlement rail to the edges where tokens become useful.
- Adoption
Matter Labs gives away the gate to sell the plumbing
A central bank running permissioned-chain code on its own hardware is a heavier reference than a proof of concept, and it moves the hard question from privacy to interoperability.
1 story
- Tokenization
Tenev's token defense: it's debt, not AMC stock
If the tokens are Robinhood Assets debt referencing AMC, issuer consent may be beside the point—but so are shareholder votes.