Bernstein said the federal agencies will publish new regulations to compensate for the time lost negotiating the CLARITY Act, after its cloture vote failed on Tuesday. Bernstein analysts expect “aggressive and swift” rulemaking from the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), after the Digital Asset Market Clarity (CLARITY) Act failed to pass a Senate cloture vote on Tuesday. Bernstein analysts said the regulatory agencies will publish new regulations to “make up for the time lost negotiating the CLARITY Act,” in a Wednesday note shared with Cointelegraph. The analysts said they expect agency regulations including token taxonomy for raising capital, developer protection measures concerning decentralized finance and self-custodial protocols, innovation exemptions for equity tokenization, faster approval times for real-world asset perpetual futures, and amendments to rules around federal sports even contracts and their classification as swaps. Read more
Nearly 99% of ZEC holders voted to reduce block times to 25 seconds, while keeping ZEC issuance and halving schedules unchanged. Zcash token holders backed cutting the network’s target block time to 25 seconds from 75 seconds and preserving its existing halving schedule in a poll on the next major upgrade. The faster-block proposal received 99.9% of the Zcash (ZEC)-weighted vote, while 98.9% supported keeping halvings, according to results published Monday. Voting power reflected eligible ZEC holdings, with both percentages including abstentions. The shorter interval would reduce the expected wait for a transaction’s first confirmation, according to the proposal. The amount of new ZEC issued per block would fall to keep scheduled daily issuance unchanged. Read more
Circle’s Arc mainnet is live with USDC for transaction fees, support for more than 20 fiat stablecoins and links to over 20 blockchains. USDC issuer Circle has launched the mainnet of Arc, a layer-1 (L1) blockchain targeting stablecoin payments and financial markets, particularly agentic transactions. Arc uses USDC as its native gas asset and offers Ethereum Virtual Machine (EVM) compatibility and deterministic sub-second settlement finality, according to an Arc blog post on Wednesday. The network supports more than 20 fiat stablecoins, including USDC, EURC, JPYC, KRW1 and TRYB, while tokenized assets including BlackRock’s BUIDL and Circle’s USYC are available natively on Arc. Arc also offers interoperability with more than 20 blockchains through Circle’s Cross-Chain Transfer Protocol (CCTP) and Gateway. Read more