The CLARITY Act stalled in the Senate after banks, crypto firms, and lawmakers failed to reach an agreement on key provisions like allowing stablecoin yields. Failing to pass the crypto market structure bill known as the CLARITY Act could leave the door open for a less industry-friendly future US government to crack down on crypto, according to Coin Center executive director Peter Van Valkenburgh. In an X post on Friday, Van Valkenburgh argued that rejecting developer protections in legislation like the CLARITY Act and the Blockchain Regulatory Certainty Act in favor of “short-term business interests” and the “continued goodwill of those in charge” could lead to a “grim” future for the industry. “The point of passing CLARITY is not to trust this administration. It is to bind the next one,” he said, adding that “A world without CLARITY’s statutory protections for developers is a world governed by prosecutorial discretion, political fashion, and fear.” Read more
Future’s $34.5 million round, backed by Fulgur Ventures, Tobam and others, highlights Switzerland’s growing role in institutional Bitcoin adoption. Future Holdings, a Switzerland-based Bitcoin treasury and custody company, has raised 28 million Swiss francs (about $34.5 million) in a strategic round anchored by Fulgur Ventures, Nakamoto and Tobam, the company announced on Tuesday. Branding itself as “Switzerland’s premier Bitcoin treasury company,” Future said in a news release that it will provide multisignature custody, treasury tools and advisory services for companies seeking to hold Bitcoin (BTC) on their balance sheets. The company said it combines treasury operations, research and wallet infrastructure to help institutions manage and account for Bitcoin exposure within traditional corporate structures. Read more