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CLARITY Act Faces Senate Push as Timeline Pressure Builds Fast

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Crypto Breaking News

The push to advance the CLARITY Act gained fresh momentum after a key industry group urged swift Senate action. Lawmakers now face tighter timelines as unresolved issues continue to slow progress. The development highlights growing pressure to finalise a clear regulatory framework for digital assets in the United States.

Senate Banking Committee Faces Renewed Pressure

The Digital Chamber increased pressure on the Senate Banking Committee to move the CLARITY Act forward. It sent a formal letter urging lawmakers to begin the markup phase without further delay. The group stressed urgency due to limited legislative time remaining.

The committee leadership, including Chairman Tim Scott and Ranking Member Elizabeth Warren, received the request directly. The letter emphasised that the House already passed the bill with bipartisan backing months ago. As a result, industry leaders expect the Senate to act without prolonged delays.

Lawmakers now operate within a narrowing window before the upcoming congressional recess. If the committee delays further, the bill risks losing momentum. Therefore, stakeholders continue pushing for immediate procedural progress.

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Timeline Constraints Increase Legislative Pressure

The legislative calendar continues to tighten as Congress moves deeper into its current session. Lawmakers have already passed significant time without advancing the CLARITY Act in the Senate. This delay creates urgency among both policymakers and industry participants.

The bill missed a recent markup opportunity, which added pressure on the next available schedule. The upcoming week presents another chance to move the process forward. However, failure to act before the May recess could stall progress for an extended period.

Industry advocates argue that continued delays undermine regulatory certainty for millions of users. They point to the rapid growth of digital asset adoption across the country. Consequently, they maintain that clear legislation remains essential for market stability and innovation.

Stablecoin Yield Debate Remains Key Obstacle

The ongoing disagreement over stablecoin yield provisions continues to block legislative progress. Banking groups and crypto firms have not reached a consensus on how to regulate yield-bearing stablecoins. This disagreement remains the central issue delaying the markup phase.

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Some lawmakers have proposed extending discussions to allow more time for negotiation. Senator Thom Tillis supported delaying the markup to allow further dialogue between stakeholders. This approach aims to produce a balanced framework acceptable to both sides.

Meanwhile, the absence of a finalised draft complicates negotiations and slows progress further. Banking representatives have also introduced new concerns about the proposed provisions. As a result, lawmakers must address these issues before moving the bill forward.

Industry Signals Strong Support for Immediate Action

The Digital Chamber continues to advocate for immediate legislative movement despite unresolved issues. The organisation believes that the markup process can proceed while discussions continue. This approach would allow lawmakers to refine details during later stages.

Industry representatives highlight the scale of digital asset adoption across the United States. Millions of users rely on clear rules to guide participation in the market. Therefore, they argue that delaying action creates unnecessary uncertainty.

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At the same time, policymakers recognise the importance of balancing innovation with financial stability. The Senate Banking Committee has engaged with stakeholders to gather input. However, pressure continues to build for decisive action in the coming weeks.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Kalshi Ventures Into Cryptocurrency Derivatives With Perpetual Futures Trading

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

Key Highlights

  • Platform transitions from prediction markets to continuous crypto derivatives trading

  • Regulated perpetual futures set for April 27 rollout with USD collateral

  • Monthly trading volumes surpassed $1 billion mark in March 2025

  • Stablecoin collateral integration planned for Q2 following initial launch

  • Strategic positioning against established players like Coinbase and Binance

Kalshi is set to enter the cryptocurrency derivatives arena with a regulated perpetual futures offering scheduled for April 27. This strategic expansion represents a significant departure from the platform’s traditional event-driven contract model, introducing continuous trading instruments linked to digital asset valuations. The initiative enables Kalshi to directly challenge incumbent crypto exchanges while capitalizing on its compliant operational framework.

Platform Diversification Through Derivative Instruments

The upcoming launch introduces perpetual futures contracts that provide price exposure to cryptocurrencies without predetermined settlement dates. Unlike conventional event-based markets that conclude upon specific outcomes, these instruments facilitate ongoing position management. Consequently, this product evolution significantly enhances Kalshi’s trading infrastructure and market relevance.

These derivative contracts utilize funding rate mechanisms to synchronize contract valuations with underlying spot market prices continuously. This technical framework enables Kalshi to deliver stable pricing dynamics alongside adaptable trading parameters. Additionally, the perpetual structure accommodates extended investment horizons beyond what binary outcome markets traditionally provide.

Initial trading will utilize U.S. dollar denominated collateral requirements. Subsequently, Kalshi has outlined intentions to integrate stablecoin collateral options during the second quarter. This phased implementation strategy permits methodical expansion while adhering to regulatory compliance standards.

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Expanding Digital Asset Trading Momentum

Cryptocurrency-related trading activity on Kalshi has demonstrated substantial acceleration throughout recent periods. March 2025 marked a milestone achievement with monthly transaction volumes crossing the one billion dollar threshold initially. This performance trajectory validates considerable market appetite and reinforces the strategic rationale for derivatives expansion.

Perpetual futures contracts currently constitute the dominant segment of worldwide cryptocurrency trading volume, particularly across offshore exchange venues. Nevertheless, regulated access within United States markets remains constrained, presenting a strategic opening for Kalshi. The platform can effectively capture traders prioritizing compliant pathways to crypto derivative exposure.

Beyond digital currencies, the company envisions extending its perpetual futures framework into commodities and additional asset categories. This comprehensive development timeline reflects broader strategic ambitions consistent with multi-asset platform evolution. Through this approach, Kalshi reinforces its competitive positioning for sustained market participation.

Competitive Landscape And Sector Dynamics

This strategic expansion positions Kalshi in direct rivalry with major platforms including Coinbase Global and Binance. These established exchanges currently provide cryptocurrency trading services, encompassing derivative products across various regulatory jurisdictions. Kalshi’s distinguishing characteristic stems from its comprehensive U.S. regulatory oversight structure.

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The prediction markets sector has witnessed explosive expansion, with transactional activity achieving unprecedented benchmarks throughout 2026. This industry momentum reinforces Kalshi’s integrated approach merging prediction market infrastructure with perpetual futures execution. This hybrid architecture enables more effective liquidity aggregation and capital efficiency.

The platform has secured substantial capital backing, achieving multi-billion dollar valuation metrics. Industry intelligence indicates potential plans for a public market debut within an approximate two-year timeframe. These developments underscore Kalshi’s ongoing operational scaling efforts concurrent with strategic entry into additional financial product categories.

 

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No Talks Under Threats, Tehran Says

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Iran strikes Gulf energy network as oil surges past $110

Iran war news escalated Tuesday as parliament speaker Mohammad Bagher Ghalibaf stated publicly that Tehran will not accept negotiations under conditions it considers coercive, with the 10-day US-Iran ceasefire set to expire Wednesday and both sides sharpening rhetoric ahead of prospective talks in Islamabad.

Summary

  • Ghalibaf warned that Iran has spent the past two weeks preparing “new cards on the battlefield” and accused Trump of violating the ceasefire by maintaining the naval blockade and seeking Iran’s surrender.
  • Iran’s foreign ministry said it has no plans for a second round of negotiations, while IRIB cited Iranian sources confirming no decision has been made to participate in Islamabad talks.
  • Trump told CNBC he is “ready to go” back to war if no deal is reached and said he would not extend the ceasefire, while also saying he expects a “great deal” and that Iran has “no choice.”

Iran war news turned sharply negative Tuesday as Iranian officials delivered a unified message hours before the US negotiating team led by Vice President JD Vance was expected to arrive in Islamabad. Tehran’s position, as expressed through multiple official channels, is that it will not enter talks while the US naval blockade of its ports continues and while American officials publicly threaten expanded military strikes.

“We do not accept negotiations under the shadow of threats, and in the past two weeks, we have prepared to reveal new cards on the battlefield,” Ghalibaf wrote on X. He accused Trump of using the ceasefire period to seek Iran’s surrender rather than a genuine agreement, calling the US posture “warmongering.”

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Iran’s foreign ministry spokesperson Esmaeil Baqaei confirmed at a weekly press briefing that “as of now, we have no plans for the next round of negotiation, and no decision has been made in this regard.”

Why Tehran Is Holding Its Position

The core Iranian complaint is structural. The US imposed a naval blockade of Iranian ports on the same day the ceasefire was announced, treating it as a tool of coercion rather than a genuine pause in hostilities. Iran has maintained since Sunday that continuing participation in any talks depends on the US changing its behavior, specifically lifting the blockade and stopping what Tehran describes as ceasefire violations.

Iranian President Massoud Pezeshkian separately criticized US officials for sending “unconstructive and contradictory signals,” noting that Trump publicly claimed Iran had agreed to give up its enriched uranium stockpile while Iran denied this within hours of the claim. The gap between what each side says the other agreed to is itself a structural obstacle to building the trust necessary for second-round talks.

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The Hormuz Situation and What Happens at Midnight

The ceasefire expires Wednesday. The Strait of Hormuz, which Iran briefly reopened before closing again after the Touska cargo ship seizure, remains effectively closed to normal traffic. Iran sent drones toward US military ships after the Touska was boarded by US forces, signaling that its military posture remains active. The USS Gerald R. Ford carrier operates in the Mediterranean while the USS Abraham Lincoln is in the north Arabian Sea, with a third carrier group expected in the region by month’s end.

Trump told CNBC he is “ready to go” if talks fail and said he would not be rushed. He also said Iran has “no choice” but to negotiate. The contradiction between those statements and Iran’s stated refusal to talk under threat defines the standoff heading into the Wednesday deadline.

What This Means for Oil and Crypto Markets

The ceasefire hopes that lifted Bitcoin to $72,700 and pushed oil down 13% on April 8 are now at direct risk. A resumption of hostilities at midnight Wednesday would push Brent crude above $100 again and remove the macro tailwind that has supported crypto markets over the past two weeks. The oil price channel into inflation expectations, Fed rate policy, and risk asset positioning means that the outcome of Wednesday’s deadline is the single largest near-term variable for Bitcoin and the broader crypto market.

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One-Third of EU Investors May Switch Banks Due to Crypto Interest: Survey

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One-Third of EU Investors May Switch Banks Due to Crypto Interest: Survey

Cryptocurrency offerings are starting to influence how European investors are choosing their bank providers, but regulatory uncertainty continues to hinder mainstream adoption, according to a new survey.

A Börse Stuttgart Digital survey released Tuesday found that 35% of European investors would consider switching banks if another institution offered better cryptocurrency investment options, suggesting crypto is starting to influence how some customers choose financial providers.

Nearly one in five respondents said they expect their main bank to offer crypto access within the next three years, according to the survey, which covered about 6,000 investors in Germany, Italy, Spain and France. The findings suggest crypto is moving closer to the mainstream banking relationship, at least among investors already open to digital assets.

Still, regulations and a lack of education remain the biggest hurdles to adoption, with 76% seeing crypto assets as insufficiently regulated, while over 60% feel poorly informed about digital assets.

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MiCA increased trust in digital assets for nearly half of European investors

European Union regulation appears to be helping on that front. The EU’s Markets in Crypto-Assets Regulation (MiCA) went into full effect for crypto asset service providers on Dec. 30, 2024.

Nearly half of the surveyed investors said that the MiCA framework increased their trust in digital assets, making them “safer and more attractive.”

“Trust and clear regulation are essential for the next phase of crypto adoption in Europe. With MiCAR bringing transparency and legal certainty, investors gain the clarity they expect,” said Matthias Voelkel, the CEO of Börse Stuttgart Group.

The results land as traditional financial institutions across Europe keep inching deeper into crypto. Börse Stuttgart Digital said in January 2025 that it had become the first German provider of crypto asset services to receive an EU-wide MiCA license through its custody subsidiary, positioning itself as a regulated infrastructure provider for banks, brokers and asset managers.

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Related: Deutsche Börse invests $200 million in Kraken parent Payward

Spain leads European crypto adoption

Among the surveyed countries, Spain showed the highest crypto adoption rate with nearly 28% of investors already owning digital assets. Germany was second with 25%, Italy followed with 24% and France with 23%.

Of the respondents, 25% said they had already invested in crypto, and 36% said they are likely to invest again within the next five years, showing “sustained interest despite market volatility,” according to the report.

Top countries within the wider European region by total value received, July 2024 – June 2025. Source: Chainalysis

According to a Chainalysis report published in October 2025, Russia had the largest crypto market in Europe with $376 billion of value received between July 2024 and June 2025, trailed by the United Kingdom with $273 billion and Germany with $219 billion.

Magazine: Will the CLARITY Act be good — or bad — for DeFi?

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