AGP Executive Report
Last update: an hour agoCLARITY Act Push: U.S. Treasury Secretary Scott Bessent urged the Senate to pass the Clarity Act next week, framing it as a test of American leadership on digital assets. Ethics Showdown: The bill’s fate now hinges on Trump-linked ethics concessions, with Republicans touting a revised draft that folds in Democrats’ demands and adds state attorney general enforcement plus stablecoin “circuit breaker” language. Market Watch: Bernstein says the updated CLARITY Act could gain enough Democratic support, boosting odds of a Bitcoin/crypto rally into the Senate vote. Stablecoin & Tokenized Deposits: Major banks are moving from pilots to live tokenized deposit payments, including Singapore banks completing interbank SGD transactions on Swift’s ledger, while a Stellar-based USBDC cross-border pilot and new euro stablecoin launches point to faster real-world rollout. DeFi/Infra: Uniswap expanded support for Kraken’s Ink rollup across its web app, wallet, and API. Security & Scams: DOJ detailed a massive $245M bitcoin theft case tied to social engineering, and a new SEC proposal would modernize transfer-agent rules with room for electronic and blockchain-based recordkeeping. Regulation/Institutional: Chainlink co-founder Sergey Nazarov is set to discuss digital asset rules at a Fed event with BlackRock and Vanguard execs. Crypto Business: CoinShares reported weaker H1 results but net inflows and declining AUM. Other: Mexico seized a suspected cartel-linked crypto mining operation with 300 GPUs.
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