Sen. Lummis Says CLARITY Act Heads For The Finish Line
Sen. Cynthia Lummis says the CLARITY Act has passed committee and is now moving to the next stage.
"The floor is next. We did not come this far to quit at the 5 yard line," Lummis said.
The bill remains one of the most closely watched crypto measures in Congress.
HUGE: According to @sandeepnailwal, Polygon now has:
$3.7B in stablecoin supply
$2.5 TRILLION in total stablecoin transfer volume
197M USD stablecoin transactions in the last month
And moving money on @0xPolygon costs just a fraction of a cent.
the floodgates on enterprise stablecoin adoption are just starting to open. by the time theyre fully open, @0xPolygon will be processing payments at the speeds these enterprises need and then some.
second block time cut in a month now. 2s down to 1.5s, thats 33% more payments per second, and we are not done.
sub second coming soon 👀
Money should move the way information moves. for years the rails just werent built for it.
thats the whole reason we've been building the Open Money Stack at @0xPolygon. one API, value moves in seconds. its in early technical preview now and honestly im fired up about where this is headed!
if you're building in payments, come grab early access 👇
🚨SCOOP: The House Ways and Means Committee is circulating a package of SEVEN digital asset tax discussion drafts that would overhaul how crypto is taxed in the U.S.
The bills tackle everything from stablecoin transactions, mining and staking, crypto lending and wash sale rules to charitable donations and a voluntary disclosure program for taxpayers with past digital asset reporting issues.
The move effectively breaks apart the broader Miller-Horsford Digital Asset PARITY Act, as well as similar legislation introduced last year by @SenLummis, into a series of standalone proposals.
The drafts will likely feature prominently at Tuesday’s scheduled Ways and Means hearing on crypto taxation.
Mastercard Expands Stablecoin Settlement With Polygon
Mastercard is expanding stablecoin settlement to nights, weekends and holidays, with Polygon (@0xPolygon) selected as one of the blockchain networks supporting the initiative.
The move allows issuers and acquirers to settle transactions beyond traditional banking hours.
Polygon joins Ethereum, Solana, XRPL, Base and other networks in Mastercard’s growing onchain settlement ecosystem.
SEC CHAIRMAN PAUL ATKINS JUST SAID THE QUIET PART OUT LOUD!
🇺🇸 Where lawyers cannot give clients CERTAINTY on whether something is LEGAL or not that creates NEEDLESS COST. It's a BIG IMPEDIMENT for the market."
CLARITY Act incoming. The top regulator just made the case for it himself. $XRP $BTC
Stablecoin supply on Polygon is exploding...
Over the past week, the stablecoin market cap on major chains like @Ethereum, @trondao and @Solana has contracted.
This is not true for @0xPolygon however, which has seen its stablecoin supply surge by more than +8% in the past seven days, reaching a total of some $3.678 billion at time of writing.
$POL is now the 8th largest chain for stablecoin supply, and is close to flipping @arbitrum for the #7 spot.
Ripple Ties XRP Future To CLARITY Act
Ripple (@Ripple) CEO Brad Garlinghouse (@bgarlinghouse) says the CLARITY Act could help reshape crypto regulation in the United States.
His comments followed US President Trump’s criticism of anti crypto policies and former SEC Chair Gary Gensler.
Garlinghouse said clearer rules are needed for $XRP, token markets, and blockchain payment infrastructure.
US House Pushes Landmark CLARITY Act Toward Finish Line
The House Financial Services Committee is urging lawmakers to finalize the CLARITY Act after House approval.
Officials said the legislation would give innovators clearer regulatory guidance while strengthening market protections.
The committee framed the bill as a key step in maintaining America’s leadership in digital asset innovation.
The “Anti-Crypto Army” was defeated…
by the courts…
by the voters.
And by Trump.
It never made policy, legal or political sense.
Combatting financial innovation only helped protect those that wanted to keep an old, often broken, system in place.
people sleep on this one: the more the chain gets used the more $POL gets burned. the math on $POL keeps getting louder and soon the market will hear it 🔥