Kirsten Gillibrand said that the US Senate had to address lawmakers potentially getting “rich off of these industries because of their insider status“ before any vote on the CLARITY Act. US Senator Kirsten Gillibrand said lawmakers working towards passage of a digital asset market structure bill likely need to meet three conditions before the chamber could vote on the legislation. Speaking at the Consensus conference in Miami on Wednesday, Gillibrand said she considered addressing consumer protection, illicit finance, and ethics provisions essential before any potential vote on the CLARITY Act. She said that if Congress were to consider those issues, as well as combine the draft of the market structure bill with the version already passed in the Senate Agriculture Committee and ensure ethics language, lawmakers could have a vote “before the August recess,” which begins Aug. 10. “There will be no one voting for this bill if we don’t have an ethics provision,” said Gillibrand. “Because the truth is, is that we ...
The company also announced a new AI energy leasing deal as it continues to diversify into adjacent high-performance computing applications. Investors appeared to disregard Hut 8's reported first quarter 2026 net loss of more than $253 million on Wednesday, lifting the shares of the Bitcoin mining company by more than 33%. Hut 8 attributed the loss to a reduction in the market value of its Bitcoin (BTC) holdings, which fell from a high of over $126,000 apiece in October to a low of $60,000 in February. Revenue for quarter totaled more than $71 million, down by about 22% from the previous period's $88.4 million, according to Hut 8’s earnings statements. Analysts had forecast $78.5 million, according to FactSet. Read more
Representative James Baird won the Republican primary for Indiana's 4th district on Tuesday after receiving an endorsement from Donald Trump and supportive spending from a crypto-backed PAC. A Republican US House of Representatives member running for reelection has won his party’s primary after crypto-affiliated groups contributed more than $500,000 in supportive media buys. Representative James Baird won Tuesday's Republican primary for Indiana House District 4 with more than 60% of the vote, beating challenger Craig Haggard and others. Beginning with his first term, in January 2019, Baird consistently supported legislation considered favorable to the crypto industry, including the GENIUS stablecoin act and the market structure bill, the CLARITY Act. Read more
Bitcoin sellers may show up if BTC hits $84,000, but altcoin charts continue to predict new price highs. Key points: Bitcoin (BTC) rallied above $82,800 on Wednesday, but bulls were unable to hold the higher levels. However, a positive sign for the bulls is that BTC exchange-traded funds recorded $1.63 billion in net inflows in May, according to SoSoValue data. That suggests investors are building positions as they anticipate the uptrend to continue. Analyst PlanC said in a post on X that BTC was about to enter its first supercycle, which began at the bear-market low of $16,000 in Nov. 2022. He expects BTC to rise above $250,000 in the second half of 2027 to the first half of 2028. Read more
The FINMA-regulated bank's institutional clients will get access to trading and holding Canton Coin through a banking platform instead of crypto-native venues. Swiss crypto bank Amina has added custody and trading support for Canton Coin, becoming the first regulated bank to offer services for the token tied to the Canton Network, an institutional-focused network. In a Wednesday announcement, Amina said clients will gain regulated access to the Canton Network, a public blockchain designed for capital markets and tokenized finance. The network was developed by Digital Asset and is backed by the Depository Trust & Clearing Corporation, Visa, BitGo, Goldman Sachs and Citadel. The move allows institutional clients to hold and trade Canton Coin through a banking platform regulated by the Swiss Financial Market Supervisory Authority (FINMA) rather than relying on a crypto-native exchange or custodian, potentially supporting companies that use Canton for tokenization and settlement. Read more