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13 May 2026, 19:35

Senators File Clarity Act Amendments on DeFi, Trump Family, and Jeffrey Epstein

The Senate Banking Committee will vote tomorrow on the new additions to the crypto bill, before deciding whether to refer it to the Senate floor.

13 May 2026, 19:19

CLARITY Act Faces Wave of Amendments Ahead of Markup

The Senate Banking Committee’s CLARITY Act is heading into Thursday’s markup, buried under opposition. According to reports, Senator Elizabeth Warren alone filed more than 40 amendments before Tuesday’s 5 p.m. ET deadline, and American Bankers Association members sent over 8,000 letters to Senate offices in less than a week demanding changes to the bill’s stablecoin yield rules. Over 100 Amendments Filed The total number of proposed amendments going into Thursday is still being confirmed, but according to a list obtained by Politico, there have been more than 100 proposed. To put things in perspective, a total of 137 revisions were proposed before the markup scheduled for January, which was canceled. Warren’s batch alone covers a wide range of restrictions. One amendment that stood out would bar the Federal Reserve from issuing master accounts to crypto companies, which would effectively cut such firms off from the core infrastructure of the US banking system. The lawmaker also attacked the updated bill on X, arguing that it lacked ethics provisions tied to President Donald Trump’s crypto businesses. “No bill should move through the Banking Committee without real ethics guardrails,” she wrote. That dispute has become harder for negotiators to avoid. Late last month, analyst Simon Dedic claimed that Trump’s meme coin and his crypto-related dinners were part of the reason the CLARITY Act was going nowhere, with Democrats demanding conflict-of-interest language before backing the legislation. Another revision, filed by Senator Jack Reed of Rhode Island, would prohibit crypto from being used as legal tender, including for paying taxes. That proposal runs directly counter to a bill Representative Warren Davidson introduced last year that would have allowed Bitcoin to be used for precisely that purpose. Senators Reed and Tina Smith of Minnesota also filed a joint amendment that would incorporate bank-requested changes to the stablecoin yield language. According to journalist Brendan Pedersen, the proposal will force senators to choose between crypto and the banks on a single vote, making it an uncomfortable moment for Republicans who tend to side with both. Bankers Blitz Senators With 8,000 Letters Elsewhere, members of the American Bankers Association have reportedly sent more than 8,000 letters to Senate offices since last Friday, pushing lawmakers to change the bill’s stablecoin yield compromise . However, Stand With Crypto, the crypto advocacy group, responded with its own numbers on Tuesday, saying its advocates had called Congress 8,000 times and sent 300,000 emails over recent months to protect stablecoin rewards, and have contacted lawmakers nearly 1.5 million times in support of the CLARITY Act overall. Those on the side of digital assets are framing the banking industry’s lobbying campaign as an attempt to block competition from yield-bearing stablecoins. Senator Bernie Moreno accused banks of trying to “kill stablecoins that would let everyday Americans earn real yields on their own money.” He also described the banking industry as a “cartel” protecting low-interest deposit models. But not everyone inside Washington thinks this fight ends at Thursday’s committee vote. According to reporter Sander Lutz, banking policy leaders are already preparing for another push on the Senate floor if they lose the markup battle over yield restrictions. Meanwhile, crypto journalist Eleanor Terrett reported that Senate Minority Leader Chuck Schumer privately encouraged Democrats to work toward supporting the bill. The post CLARITY Act Faces Wave of Amendments Ahead of Markup appeared first on CryptoPotato .

13 May 2026, 19:18

Coinbase CEO Unpacks The Crypto Bill’s Biggest Promise For The US Financial System

As the Senate Banking Committee prepares to mark up the long-anticipated CLARITY Act on Thursday, Coinbase CEO Brian Armstrong has argued that the newest version of the bill represents a workable “compromise” and could meaningfully improve the US financial system. Speaking to FOX Business, Armstrong said the updated draft reflects concessions on both sides—what he described as the crypto industry meeting requests from bank lobbyists and lawmakers, while the banking sector also gave ground during negotiations. Coinbase CEO’s CLARITY Act Pitch Armstrong also highlighted one specific element tied to stablecoin rewards. He said the approach in the latest bill would only apply when there is “some sort of material activity on the account,” adding that he believes the overall package would make the system “more efficient.” The claim is that the legislation would help streamline financial services, reduce friction, and make access easier for consumers and businesses—while still keeping the framework aligned with banking-sector concerns that were raised during talks. Related Reading: New CLARITY Act Text Is Out: Expert Claims XRP Looks Strong In The Details Still, critics point to the banking industry’s pushback as evidence that the dispute is far from settled. As reported throughout the week by Bitcoinist, banking trade groups have opposed the CLARITY Act’s stablecoin-rewards provision, arguing that it could give crypto firms too much flexibility. Their position is that the policy might also encourage deposits to shift away from traditional, insured banking channels rather than strengthening them. Beyond the details of stablecoin rules, Coinbase CEO argued that the broader direction of the CLARITY Act reflects growing institutional interest in digital assets. In his view, banks are increasingly integrating stablecoins and crypto-related services because customer demand is rising—an angle that suggests the bill, if passed in its current form, could provide the clearer structure institutions want before expanding further. Can The Latest Crypto Bill Draft Survive? Supporters of the bill are not limited to Coinbase. Ripple CEO Brad Garlinghouse also backed the current push, commenting on social media site X (previously Twitter) that the Senate Banking Committee is “putting in the work” to move the CLARITY Act forward. Garlinghouse’s message emphasized that Ripple supports the bill because crypto businesses and major participants should have the “same rules and protections as every other asset class,” and because—if the US is serious about leading in crypto—this is the moment to finalize legislation and get it done. Even with that backing, the legislative road ahead is not smooth. Politico reported that Senator Elizabeth Warren, a well-known crypto skeptic, is vowing to pursue extensive changes to the bill through amendments. Related Reading: First Hyperliquid ETF Launch: Day One Volume Hits $1.8M–Key Details The reporting says Warren and others are preparing more than 100 amendments ahead of the markup, following the release of an updated 309-page draft that expands on an earlier 278-page version introduced in January. According to the same reporting, Warren submitted more than 40 amendments on her own, with much of the rest attributed to Democratic members of the Banking Committee. This mirrors earlier moves around the bill: the January markup session drew 137 amendments, and it was eventually cancelled after a period of resistance that included Armstrong and Coinbase withdrawing support for the bill at the time. For now, the core question going into Thursday’s markup is whether the latest CLARITY Act draft can hold together. Featured image created with OpenArt, chart from TradingView.com

13 May 2026, 17:26

UK Treasury: Digital Assets Have Potential for 'Complete Transformation' of Markets

The Economic Secretary to the Treasury highlighted an upcoming consultation on payments encompassing digital assets and AI agents.

13 May 2026, 17:02

Pundit to XRP Holders: The Clarity Act Draft Bill Just Dropped

The Senate Banking Committee released the full text of the Digital Asset Market Clarity Act ahead of Wednesday’s markup vote. At 309 pages, the draft runs 31 pages longer than January’s version. Crypto commentator X Finance Bull (@Xfinancebull) called it “the catalyst we’ve been waiting for” and declared himself bullish on XRP’s outlook under the new legislation. The bill establishes a permanent federal regulatory structure for digital assets. It divides oversight responsibility between the SEC and the CFTC . The SEC takes jurisdiction over initial token offerings, fundraising disclosures, and antifraud enforcement. The CFTC handles secondary market trading once a token receives digital commodity classification. $XRP HOLDERS. THE CLARITY ACT DRAFT BILL JUST DROPPED. This is the catalyst we've been waiting for. I’ll explain it to you in simple terms The Senate Banking Committee released the full text ahead of Wednesday's markup vote. 309 pages. Longer than the January… https://t.co/Tg3qsBKE4v pic.twitter.com/aP3y4dJlGd — X Finance Bull (@Xfinancebull) May 12, 2026 What the Bill Means for XRP As Ripple CEO Brad Garlinghouse explained during the Las Vegas conference , XRP already carries a digital commodity classification. Under the CLARITY Act, that classification becomes a federal statute rather than regulatory guidance. No future SEC administration can reverse it. That step is important for institutional adoption. Regulatory ambiguity has been the primary obstacle for institutions deploying XRP at scale. The bill removes that barrier directly. X Finance Bull notes Ripple’s infrastructure was built specifically to operate within this type of regulatory structure, making the legislation a direct fit for the company’s existing architecture. Investor Protections Got Stronger The updated draft expands investor protections beyond what was in the January version. The SEC receives explicit antifraud authority over certain crypto offerings, along with insider trading enforcement powers. X Finance Bull sees this as a positive development rather than a restriction. He wrote, “The same protections that make equities investable for institutions now apply to digital assets.” The tokenization section also received refinement. The language shifted from broad “real-world assets” terminology toward specifically tokenized securities. That precision gives institutions clearer guidance on how to tokenize regulated financial instruments within the new structure. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Stablecoins and Coalition Politics The bill clarifies stablecoin yield rules. Platforms cannot offer bank-style interest for simply holding stablecoins. Rewards tied to actual crypto activity remain permitted. Staking, liquidity provision, governance participation, and loyalty programs all qualify under the preserved categories. One addition stands apart from crypto entirely. The Build Now Act housing policy was bundled into the legislation to secure votes from senators prioritizing housing reform. Wednesday’s Vote The Senate released the full 309-page text publicly two days before the markup vote. Wednesday’s committee decision determines whether the bill advances to the Senate floor. XRP is almost at the finish line. For the community, the vote represents the clearest legislative path to permanent regulatory certainty the asset has seen. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Pundit to XRP Holders: The Clarity Act Draft Bill Just Dropped appeared first on Times Tabloid .

13 May 2026, 17:00

Here’s When Bitcoin Could Reach $10 Million Under Power Law Model

Physicist Giovanni Santostasi says Bitcoin’s long-term price trajectory is not best understood as an S-curve, speculative bubble, or simple exponential trend, but as a power law similar to patterns found in cities, biology and other natural systems. Speaking with Nathalie Brunell on the May 12 episode of the Coin Stories podcast, the director of the Scientific Bitcoin Institute argued that Bitcoin’s historical data points to roughly $1 million per coin in about eight years and $10 million in roughly 20 years. Santostasi explained his Bitcoin Power Law thesis in detail. His core claim is that Bitcoin’s price has followed a nonlinear mathematical relationship with time since the network’s early trading history. In his formulation, Bitcoin’s price is proportional to time raised to a power of roughly 5.8 to 5.9, often rounded to six. That exponent, he said, is not just a curve-fitting artifact but a “fingerprint” of the system. “With bitcoin we found a similar relationship where the price is proportional to the time,” Santostasi said. “So the age of bitcoin, how many years, you can measure it in days, you can measure it in years. And then you take the power and that power is 5.8.” Bitcoin Is Growing Like A City He acknowledged that Bitcoin remains volatile in the short term, with wars, crises and liquidity shocks producing large deviations. But he argued those moves are oscillations around a deeper trajectory. Related Reading: Bitcoin Exits ‘Panic Zone,’ But Capital Inflows Remain Weak According to Santostasi, Bitcoin’s power law currently implies a central price level around $120,000, while the market has recently traded below that level. He said the lower statistical band, which he described as a kind of floor, is currently near $56,000 to $57,000. He also cited a correlation coefficient of 0.97 for the power law fit, arguing that only around 3% of Bitcoin’s long-term price variation is not described by the model. A key part of Santostasi’s thesis is that Bitcoin behaves more like a networked organism than a corporate asset. He compared Bitcoin to cities, which he said grow through bottom-up interaction and tend to endure far longer than corporations. Cities, in his telling, follow power laws because their value emerges from networks of people freely interacting, building and exchanging information. “Bitcoin is like a city,” Santostasi said. “Bitcoin is like tooth and nails and thorns and shells, these natural forms. To me, if you can simplify this message — and because it’s not poetry, it’s science actually, it’s based on data — it is one of the most convincing orange-pilling arguments that you can make.” The physicist contrasted that with exponential growth, which he associated with systems that expand quickly but eventually hit resource limits. He cited corporations as an example, saying most die within 150 years, while cities such as Rome can persist for millennia. That distinction led to one of the more provocative implications of the discussion: corporations backed by Bitcoin, Santostasi suggested, could theoretically become more city-like in their durability. “This is one of the reasons why I want Saylor to start adopting this language of a power law,” he said, referring to Strategy executive chairman Michael Saylor. “He could say exactly that. We are turning corporations into cities.” Related Reading: Arthur Hayes Says The Bitcoin Bull Market Has Begun: $126,000 Is Next Santostasi also argued that Bitcoin’s address growth supports the thesis. He said Bitcoin addresses have grown as a power law with time cubed, while price reacts to address growth roughly according to a square relationship, similar to Metcalfe’s Law. Combining those two relationships, he said, produces the observed price relationship of time to the sixth power. “If you double the number of addresses, the price goes up to four,” Santostasi said. “If you triple it, it goes to nine. So it’s a power law with the square.” That framework also leads Santostasi to reject the common view that Bitcoin adoption should be modeled primarily as an S-curve, like refrigerators, televisions or other consumer technologies. Those products, he argued, are not networks in the same way Bitcoin is. Bitcoin’s social, monetary and technical layers make it closer to the internet or a city than to a household appliance. Still, Santostasi stopped short of presenting the forecast as certainty. Asked how confident he is that Bitcoin will reach roughly $1 million per coin in about eight years and $10 million in roughly 20 years, he put the probability near 90%, while leaving room for failure conditions. He said continued capital inflows, larger institutional participation and new pools of capital are necessary for the path to remain intact. At press time, BTC traded at $80,963. Featured image created with DALL.E, chart from TradingView.com