Crypto World
Cosmos Labs under fire over disclosure of bug affecting four blockchains
Cosmos Labs has faced backlash from across the crypto security community over its disclosure of a bug in its Cosmos EVM module which has led to issues on four blockchains.
Four networks using the module, MANTRA, TAC, KiiChain and Nesa, all appear to be affected by the bug, which was quietly patched last week.
The module’s developer, Cosmos Labs, was eventually forced to issue a warning over the incidents, advising that validators of affected networks “halt their chains.”
Read more: YZi Labs-backed BounceBit Chain shuts down after $3M exploit
The original disclosure, branded “negligent AF,” matches Cosmos’ policy of a “silent patch model.”
However, it appears that dissemination efforts of the fix were insufficient to avert the incidents on the aforementioned networks.
Although the release notes state that “this release contains important security fixes. We recommend all chains upgrade to this patch release as soon as possible using a coordinated upgrade,” there was no warning on Cosmos Labs’ official X account.
Protos has reached out to Cosmos Labs for details on any private disclosures, but hadn’t received a response by time of publication.
Read more: Saga becomes latest victim in DeFi hacking spree
Four blockchains affected
In advance of Cosmos Labs’ warning, both MANTRA and Nesa had advised of chain halts, with seemingly no user funds affected.
Two further networks, TAC and KiiChain, weren’t so lucky.
On August 22, KiiChain wallets were drained of a total of almost 150 million KII. The tokens were worth over $9 million at the time — in theory — however, the proceeds were dumped for just $1.6 million of BUSD, briefly crashing the token’s price.
KiiChain called the loss “avoidable” in a post mortem report to X, openly blaming Cosmos Labs’ disclosure process.
“Publishing a security fix in the open, before the chains running that code have been told privately and given time to patch, hands the vulnerability to anyone reading the commit,” it said.
The report also points to lack of advance notice, a failure to flag the update as critical and a delay in communicating the patch as contributing factors.
On the same day that KiiChain was exploited, Telegram-focused TAC network saw three billion TAC tokens, valued at around $7.5 million, drained from its staking contract.
In addition to this week’s chaos, another Cosmos EVM network, Saga EVM, lost approximately $7 million in January.
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Crypto World
Nepal Flash Floods Leave Dozens Dead Near Tibet Border
How Nepal is responding to the crisis
Nepal’s Minister for Foreign Affairs Shisir Khanal said that 79 security personnel remained unaccounted for, and that 13 helicopters from both the army and private sector were involved in rescue efforts.
Nepali Police published the details of 29 people confirmed with injuries as a result of the flooding, most of whom are from the Nuwakot and Rasuwa regions. The list of injured included a 3-month-old who was in a stable condition.
Video shared by police showed the catastrophic flooding, with entire buildings swept away in the powerful currents. Other footage shared shows a bridge and multiple buildings on the banks of the Trishuli river destroyed in the flooding.
Police also issued a warning that they expect the flooding to continue down the Bhotekoshi river into the regions of Dhading and Muglin in the center of the country.
One of Nepal’s busiest roads, the Prithvi highway, that connects Kathmandu to the second largest city, Pokhara, passes through these regions along the Trishuli river. Police later confirmed that it would be closing this section of the highway.
Crypto World
Ethereum’s Next Upgrade Could Change How Fast It Can Really Go
Ethereum’s next big upgrade is Glamsterdam, currently planned for Q4 2026. It includes protocol changes designed to make larger blocks easier to process and prepare Ethereum for substantially higher L1 throughput. Ethereum developers have identified a post-upgrade gas limit around 200 million as a target, compared with 60 million today.
What makes this upgrade so important? Ethereum by far has the largest developer base in the blockchain space, but its speed and cost still lag.
With on-chain activities exploding across every vertical, high-performance chains have become serious destinations for trading, payments and consumer applications.
More Usable L1 Capacity
Federico Variola, CEO of Phemex, sees decentralized trading as one of the areas where Ethereum’s next steps could prove particularly important.
“As regulators are increasingly forced to engage with decentralized exchanges such as Hyperliquid, it will be very important for Ethereum to remain decentralized while also offering a reasonable level of speed and avoiding high costs.”
Applications such as decentralized exchanges place unusually heavy demands on blockchains because users expect fast execution, deep liquidity and costs low enough to support frequent transactions.
Ethereum has addressed much of this demand through Layer 2 networks. Variola describes the results as mixed.
“There has been meaningful progress, but there have also been many failures over the past few years, and these have drained a significant amount of capital and activity from the Ethereum ecosystem.”
Ethereum already doubled its gas limit from roughly 30 million in early 2025 to 60 million following successive protocol improvements. Developers are now preparing the network for another much larger increase.
Variola believes decentralized exchanges could become an important measure of whether this effort succeeds.
“For ETH, I think the next major battle will be creating the conditions for decentralized exchanges to flourish, especially as regulators begin engaging more seriously with these instruments.”
The challenge is therefore to turn higher capacity into consistently faster and cheaper execution while keeping validator requirements accessible.
The Hardware Problem of Higher Throughput
Increasing Ethereum’s gas limit creates an obvious engineering hurdle. Bigger blocks give applications more execution capacity, while validators need enough computing power to process those blocks within Ethereum’s fixed slot times.
Ethereum itself identifies validator hardware as one of the constraints on L1 throughput. Increasing the amount of work contained in each block can eventually price smaller operators out of running nodes, concentrating validation among professional operators with more powerful machines.
Glamsterdam attacks the problem from several directions:
- Block-Level Access Lists (EIP-7928) give clients advance information about which accounts and storage locations a block will touch, allowing more disk reads, transaction processing and state calculations to happen in parallel;
- Enshrined proposer-builder separation (ePBS) reorganizes how blocks are constructed and validated. Combined with Block-Level Access Lists, it is intended to help Ethereum process more data on L1 without increasing validator workloads as sharply;
- State-growth controls (EIP-8037) change the economics of creating a permanent state. Developers are targeting roughly 120 GiB of annual state growth even if the gas limit rises toward 200 million, helping keep node operation within reach of ordinary hardware;
- Longer-term zkEVM verification could allow validators to verify cryptographic proofs instead of re-executing every transaction, reducing the computational burden of higher throughput.
In short, Ethereum’s L1 scaling effort depends on making execution more efficient.
The Role of Rollups on a Faster Ethereum
A stronger base chain also changes the calculation facing applications that currently launch on rollups or their own chains.
Fernando Lillo Aranda, CMO at Zoomex, expects some applications to reconsider where they deploy as L1 economics improve.
“Stronger Layer 1 performance would certainly reduce some of the pressure that originally drove the adoption of rollups and app-specific chains. If the base layer becomes faster, cheaper, and more scalable, some applications may decide that deploying directly on the L1 offers a simpler and more efficient user experience.”
Direct L1 deployment removes several complications associated with operating across separate execution environments. Applications can access Ethereum liquidity and composability without asking users to move assets between networks or manage different chains.
Yet rollups provide capabilities that raw throughput alone cannot replace.
“Rollups and app-specific chains were not built solely to solve scalability – they also provide customization, dedicated execution environments, lower latency, and greater control over fees, governance, and application design,” Aranda said.
Ethereum’s roadmap still invests heavily in rollup capacity. PeerDAS and continued blob expansion increase the amount of data Ethereum can make available to L2 networks, allowing the base chain and rollups to expand together.
The likely result is a wider choice of deployment models. Applications that value maximum Ethereum composability may find L1 increasingly attractive, while high-frequency products and applications requiring custom execution can continue using rollups or dedicated chains.
Aranda sees those systems as complementary.
“A faster and more efficient base layer strengthens the entire ecosystem, while rollups and app-specific chains continue to deliver the flexibility and specialization that many applications and users require.”
Competition Has Grown
Ethereum’s competition for developer attention is sometimes described more dramatically than the data supports.
Electric Capital’s live developer tracker currently records roughly 7,600 monthly active developers in the Ethereum ecosystem, compared with around 2,300 on Solana. Across the wider EVM ecosystem, the figure reaches approximately 10,000.
Ethereum therefore retains a substantial lead.
The competitive environment around those developers has changed considerably. Builders now have several established destinations offering inexpensive execution, high throughput and sizable user bases. Choosing Ethereum increasingly involves weighing its liquidity, security and developer ecosystem against execution characteristics available elsewhere.
Glamsterdam addresses this competition. Ethereum already has capital, applications, tooling and one of crypto’s deepest developer communities. Increasing L1 capacity gives those advantages a faster execution environment underneath them.
The post Ethereum’s Next Upgrade Could Change How Fast It Can Really Go appeared first on BeInCrypto.
Crypto World
Crypto education demand far outpaces college courses: OKX report
A new OKX report has found that 90% of college students want crypto and blockchain included in financial education, even though only 28% of reviewed U.S. business schools offered related courses.
Summary
- 90% of students and 87% of parents support college-level crypto and blockchain education.
- 33% of students rely mainly on social media for crypto knowledge, compared with 7% who cite schools.
- 47% of students have taught a parent or guardian about crypto or investing.
- 56% of students would accept 20% of their salary in Bitcoin.
Crypto education demand exceeds course availability
In its New Money Curriculum report shared with crypto.news on Aug. 26, OKX said support for crypto education extended across both generations surveyed, with 87% of parents joining 90% of students in saying colleges should teach crypto and blockchain.
Some respondents wanted more than an optional course. According to the report, 27% of students and 32% of parents said crypto and blockchain education should be required for college students.
Formal course availability remained far below those figures. A separate 2025 study published in the Information Systems Education Journal examined 533 U.S. universities with business schools accredited by the Association to Advance Collegiate Schools of Business.
Researchers searched university websites and course catalogs in March 2024 and found that 151 institutions, or approximately 28%, offered at least one blockchain-related course. The study counted courses across business, computer science, engineering, and other departments rather than limiting its review to standalone blockchain programs.
Course depth also varied between institutions. While 151 schools offered at least one relevant class, only 76 had two or more, and two universities offered at least 10. The most common subjects included blockchain fundamentals, smart contract development, and cryptocurrency economics.
The contrast combines two separate datasets: OKX measured support among students and parents, while the academic review measured course availability at AACSB-accredited U.S. business schools. The published OKX report did not disclose the number of survey respondents, the fieldwork dates, or the method used to select participants.
Some crypto companies have started funding university programs directly. As previously covered by crypto.news, Ripple signed a five-year Kansas partnership in July that included financial literacy and digital-asset education for University of Kansas student-athletes and other members of the campus community.
The University of Kansas also operates an XRP Ledger validator through its engineering school, supported by Ripple’s University Blockchain Research Initiative. Although the arrangement adds practical blockchain exposure, it represents an industry-backed program rather than evidence of a system-wide increase in college courses.
Social media has become students’ main crypto teacher
With formal classes available at a minority of the universities reviewed, students named social media and influencers as their leading source of crypto information.

OKX reported that 33% of students considered social media or influencers their most important source, nearly five times the 7% who selected schools, teachers, or professors. Financial advisers ranked second at 17%, followed by crypto platforms and apps at 12%.
Family and friends each accounted for 10% of students’ main source of information, while traditional news ranked last at 6%. The results place most student learning outside college classrooms and professional media, based on the categories included in the survey.
Parents followed a different pattern. Crypto platforms and apps ranked first among that group at 21%, followed by financial advisers at 19% and social media or influencers at 17%. Friends or peers accounted for 12%, while 11% selected traditional news.
Students were therefore almost twice as likely as parents to depend primarily on social media for crypto information. OKX said exchanges also played a material educational role because platforms and apps ranked first among parents and third among students.
The survey did not test whether respondents understood specific subjects such as wallet security, private-key management, token valuation, taxes, or fraud. Its findings measure where participants said they learned and how they viewed their knowledge, rather than independently assessing their financial literacy.
Separate university initiatives show how some programs combine classroom teaching with applied work. In August, Ripple renewed its support for NYU Abu Dhabi’s blockchain research program through 2027.
The funding supports a hands-on fintech course, student projects built with the XRP Ledger, and research into blockchain-based economic tools. Ripple said its university program has supported more than 800 new or expanded fintech courses and 1,500 academic blockchain research projects across more than 60 university partners in 27 countries.
Students are teaching parents about crypto
Although students often learned outside college, many carried the information back into their households. 47% said they had taught a parent or guardian something about crypto or investing, while 43% of parents said their college-aged child had taught them about either subject.
About one-quarter of students said their lessons specifically covered crypto, either by itself or alongside other investing topics. Perceptions of knowledge followed the same pattern: 53% of students said college students understood crypto better than their parents, and 51% of parents agreed.
Only 14% of students and 13% of parents believed parents held the knowledge advantage. Parents also showed some willingness to rely on their children, with 56% saying they would definitely or probably allow a college-aged child to make a crypto transaction for them.
Reported activity remained much lower than stated trust. Just 9% of students said they had completed a crypto transaction for a parent.
Investment authority produced less agreement. Among students, 36% said they should have the most influence over their first investment decisions, compared with 16% who selected their parents. Parents divided almost evenly: 29% said the student should lead, while 30% assigned the main role to parents or family.
Both groups also tended to view crypto as an investment instead of entertainment. 52% of students described buying crypto as a long-term investment, nearly nine times the 6% who called it a hobby. Among parents, 48% chose long-term investment, and 9% selected a hobby.
Allocation preferences were more restrained than the acceptance figures alone suggest. While 89% of students said some crypto exposure could form part of a responsible portfolio, 11% said the appropriate allocation was zero. The report did not provide the full breakdown of allocation sizes in its published text.
Bitcoin salary interest brings U.S. tax obligations
Interest in digital assets extended from portfolios to employment, with 56% of students saying they would definitely or probably accept a job that paid 20% of their salary in Bitcoin. Parent support was higher at 62%.

For U.S. workers, receiving Bitcoin as wages would not remove the usual federal tax obligations. The IRS Taxpayer Advocate Service states that digital assets received as compensation are treated as ordinary income, while an employee’s crypto wages remain subject to federal income-tax withholding, Social Security, Medicare, and unemployment taxes.
After receipt, the employee generally holds the Bitcoin as a capital asset. A later sale or exchange may create a capital gain or loss based on the difference between its value when received and its value when disposed of, according to the IRS.
Operational and tax questions have already complicated crypto payroll adoption. A September 2025 crypto payroll analysis cited a Pantera Capital compensation survey showing that the share of crypto-sector workers receiving digital assets rose to 9.6% in 2024.
Despite students’ interest in Bitcoin pay, both generations still placed real estate first when asked which asset college students might regret not owning. Real estate led among 27% of students, followed by AI and technology stocks at 23%, the S&P 500 at 20%, and Bitcoin at 17%.
Parents produced a similar result at the top but ranked Bitcoin more highly. Real estate received 26% of parent responses, while Bitcoin followed at 24%.
Crypto World
SEC Advances Crypto Custody Rules for Investment Advisers
The US Securities and Exchange Commission (SEC) is moving forward with plans to overhaul custody rules for investment advisers and investment companies, potentially giving institutions greater clarity on how they can hold crypto assets for clients while complying with federal securities rules.
The proposed rule was sent on Aug. 25 to the Office of Information and Regulatory Affairs (OIRA), part of the White House Office of Management and Budget, for review before it can move back to the SEC and potentially be released for public comment.

SEC submits “Amendments to the Custody Rules” to OIRA. Source: Reginfo.gov
According to the SEC’s regulatory agenda, the agency is considering changing existing rules or introducing new ones under the Investment Advisers Act and Investment Company Act. The changes would cover how investment advisers and funds hold client assets, including crypto.
The regulator said the changes are intended to clear up uncertainty around how companies can hold crypto for clients while staying within its rules. The proposal has not yet been made public, and the White House Office of Management and Budget can request changes before sending it back to the SEC. The commission would then vote on whether to release it for public comment.
As Bloomberg reported, the proposed rule is part of the agency’s broader push to advance the Trump administration’s digital asset agenda as the CLARITY market structure bill remains stalled in the Senate. The bill is expected to face a cloture vote after lawmakers return from the August recess in September.
Related: CFTC follows SEC in scrapping ‘no-deny’ policy for settlements
SEC shifts from crypto enforcement to rulemaking
The SEC has taken a more crypto-friendly approach since Paul Atkins became chair in 2025, shifting its focus from enforcement actions toward developing clearer rules for the industry. Atkins vowed to end the agency’s previous “regulation through enforcement” approach and said policymaking should instead be carried out through formal rulemaking.
The shift has also been reflected in enforcement. The SEC dismissed several cases against major crypto companies in 2025, including its lawsuit against Coinbase, as it moved to reshape its approach to digital assets.
Magazine: SEC’s proposed crypto rules probably won’t spark new ICO boom
Crypto World
CoinMarketCap Obtains SOC 1 & 2 Attestations and Dual ISO Certifications
[PRESS RELEASE – Kwai Chung, Hong Kong, August 26th, 2026]
CoinMarketCap has obtained a SOC 2 Type 1 attestation report, following an independent examination of the controls protecting the systems behind its market data. CoinMarketCap also completed the SOC 1 Type 1 examination. Both reports add to the international certifications the company already holds for information security and privacy management.
SOC 2 is the assessment most often requested by enterprise buyers evaluating a technology vendor. Conducted in accordance with AICPA attestation standards, CoinMarketCap’s SOC 2 Type 1 report assesses the design and implementation of controls against the applicable Trust Services Criteria for Security. The SOC 1 Type 1 report covers controls relevant to internal control over financial reporting. Type 1 reports reflect controls as at a specified date rather than over a period of time, and both are available to partners and clients on request.
The reports add to the dual ISO certification CoinMarketCap obtained in June 2026. The company is certified to ISO/IEC 27001:2022 for information security management under certificate IS 838849, and to ISO/IEC 27701:2019 for privacy information management under certificate PM 838852, both independently assessed and awarded by the British Standards Institution. The certifications are maintained through a three-year cycle with annual surveillance audits, and both remain active.
The scope of the assessments spans the parts of the business that handle user and market information. That includes price tracking, market data, and the APIs that serve it; the cloud systems and operational processes underneath them; account management and the handling of personally identifiable information; and the CoinMarketCap applications on iOS and Android.
The distinction the company is drawing is between security that is asserted and security that has been examined. CoinMarketCap sits upstream of a large amount of crypto infrastructure, with its data feeding wallets, trading interfaces, research tools, and increasingly AI agents that query it programmatically. Buyers in that position rarely take a vendor at its word. Procurement teams, compliance functions, and institutional counterparties work from recognized frameworks and independent reports, and ISO certifications and SOC attestation reports are the credentials those teams already know how to read.
The privacy side of the program is covered by ISO/IEC 27701, an extension of ISO 27001 that governs how personal data is collected, processed, and protected, and which is designed to align with GDPR and other applicable global privacy regulations. For a platform with users across a wide range of jurisdictions, that alignment matters as much as the security controls themselves.
“Millions of people use CoinMarketCap to make decisions about their money,” said Rush, CEO of CoinMarketCap. “Trust in that data should be demonstrated rather than claimed. Independent assessors have examined how we run security and privacy, and documented it in a form our partners and clients can review.”
CoinMarketCap continues to expand its developer and enterprise business, including its market data APIs and agent-facing products. Compliance credentials are increasingly a prerequisite in those conversations rather than a differentiator, particularly for institutional clients whose own obligations require them to evidence the controls of the vendors they depend on. CoinMarketCap intends to maintain and extend its assessment program over time.
About CoinMarketCap
CoinMarketCap stands as the Home Of Crypto. With over 1 billion monthly page views and 53 million tracked cryptocurrencies, CoinMarketCap drives the industry forward by organizing and delivering comprehensive crypto intelligence. Major media outlets including Forbes, Bloomberg, CNBC, and The Wall Street Journal rely on CoinMarketCap as their primary source for crypto data.
The post CoinMarketCap Obtains SOC 1 & 2 Attestations and Dual ISO Certifications appeared first on CryptoPotato.
Crypto World
Revolut Starts EURR Rollout With Bridge as Regulated Issuer

Revolut has begun rolling out EURR, its first euro-backed stablecoin, to selected customers in Denmark, Poland and Portugal, putting a branded onchain euro inside its app while Bridge Building S.A. serves as issuer and redemption counterparty. Bridge Building is the legal issuer; Revolut describes… Read the full story at The Defiant
Crypto World
Euro stablecoins get a mainstream push as Revolut begins rolling out EURR in Europe

Revolut said the stablecoin’s rollout will start with a select group of customers within Denmark, Poland, and Portugal.
Crypto World
Crypto Long & Short: Tokenized equities: the model underneath the trade

In this week’s Crypto Long & Short, CoinDesk’s Joshua DeVos writes that demand for tokenized equities is accelerating fast, from $16 billion to more than $590 billion in perpetual futures in a single year, but that the headline growth hides the question that matters most. Two tokens can trade under the same ticker while granting entirely different rights, and the structure underneath, whether it conveys real ownership or a synthetic claim, determines the risks and protections a holder actually has.
Crypto World
Will Bitcoin (BTC) Reach $100K This Quarter? Here’s What 3 AIs Predict
The primary digital asset has added almost $20,000 to its valuation over the past month, driven by a broader crypto market resurgence sparked by US monetary policy changes and other factors.
Somewhat expected, X is now flooded with users who believe the bulls have no intention of pushing the brake pedal, anticipating an explosion to $100,000 and even beyond in the short term. We asked three of the most popular AI-powered chatbots whether such a rally is possible before the end of the third quarter, and here are their answers.
There is a Chance
ChatGPT suggested that closing Q3 above $100K has a 25%-30% probability and would require a combination of bullish factors, including massive inflows into spot BTC ETFs. OpenAI’s platform also stated that the asset’s performance would depend on the next FOMC meeting scheduled for mid-September, when the central bank will reveal its interest rate decision.
“A dovish outcome – particularly easing inflation, no rate increase, and reassuring projections – could weaken the dollar and support Bitcoin. A hawkish surprise would present a serious problem. The July Fed minutes showed that a September rate increase remains under consideration, although market estimates have recently placed its probability at around 30%. Higher rates or a more hawkish outlook would likely pressure BTC and other risk assets,” it explained.
In addition, ChatGPT stated that a push to $100,000 would happen only after clearing the $82,000 resistance level and an eventual decisive pump beyond $90,000. Subsequently, it estimated that the chance of BTC touching the six-digit milestone but not closing the quarter above is much higher.
Perplexity also claimed that the asset has a realistic shot at reaching such a level within that timeframe. It paid special attention to the CLARITY Act, which (if approved) could add further fuel to the crypto market. The US regulatory framework has proven quite controversial, and the next major development has been pushed to September after the latest delay.
At the same time, Perplexity warned that the third quarter has historically brought mixed results for BTC. In fact, the cryptocurrency has never closed three consecutive Q3s in the green. The ones in 2024 and 2025 were both positive, and with a 34% rise so far this quarter, it remains to be seen whether a precedent is about to form.

Google’s Gemini seems to be a bit more pessimistic. It said reaching $100,000 sometime this quarter is highly unlikely, anticipating a maximum surge to $88,000 within the next five weeks.
How About an Incoming Collapse?
While the majority of analysts expect further gains, some think the latest resurgence could have been a major bull trap. X user AlejandroBTC believes the asset’s price could drop as low as $40,000 after a period of significant volatility.
“This is what I think happens next: Bitcoin tests $68K–$70K. We get a small bounce. Then we come back to that zone again, and this time it doesn’t hold. That’s when the panic starts. Liquidations accelerate, sentiment collapses, and I think we go straight toward $40K,” the analyst predicted.
For their part, Nonzee opined that the recent pump was caused by a liquidity squeeze and expects an eventual decline to $45,000.
The post Will Bitcoin (BTC) Reach $100K This Quarter? Here’s What 3 AIs Predict appeared first on CryptoPotato.
Crypto World
Coinbase CLARITY Act: Armstrong Expects 60+ Votes Despite Kalshi 22% Odds
Coinbase CEO Brian Armstrong said he expects the Digital Asset Market CLARITY Act to clear a Senate cloture vote with more than 60 votes in mid-September. Kalshi, however, puts the chance of the bill getting more than 60 votes at 22%, highlighting the gap between Armstrong’s optimism and prediction-market pricing.
Most experts had viewed the CLARITY Act as facing an uphill path after the Senate did not vote on the crypto legislation before its August recess. After pressure from President Donald Trump, a cloture vote is set for September 15, the day after senators return from the recess.
Cloture would not formally pass the bill. It would end the debate and a filibuster, paving the way for a formal vote. Cloture requires 60 votes, the same number needed to ultimately pass the CLARITY Act, making the September 15 vote a strong indication of where the bill stands.
Armstrong has pointed to the scheduled vote as a reason for his optimism. He said Senate Majority Leader John Thune would not have scheduled the vote if he did not think it would pass. He added that both sides had received roughly 90% of what they wanted in the bill.
Discover: The Best Token Presales
The Math Behind Coinbase Armstrong’s CLARITY Act Optimism
Republicans hold 53 Senate seats, meaning at least seven Democrats would need to support the bill to reach 60 votes. That is the arithmetic behind Armstrong’s forecast and the threshold that Kalshi traders are pricing more cautiously.
Democrats have been reluctant to support the bill, calling for additional ethics provisions governing how much politicians can invest in crypto entities, particularly after Trump reported substantial crypto profits last year.

Banking groups have also raised concerns that the stablecoin provisions do not go far enough to protect the banking industry. The bill would not allow idle stablecoins to earn yield, though stablecoins could offer rewards for certain activities, such as transactions.
The bill would establish a broader regulatory framework for crypto and address questions of regulatory jurisdiction. It would give the CFTC exclusive jurisdiction over spot markets for digital commodities, while both the CFTC and SEC have at times claimed jurisdiction over certain crypto markets.
Trade Crypto on Bybit before the CLARITY Act Passes and Get a Chance to Win Our $1,000 USDT Airdrop
What September 15 Does and Doesn’t Decide
If cloture clears with 60 or more votes, it would end the debate and pave the way for a later formal vote. It would not itself constitute final passage of the CLARITY Act.
If cloture fails, the calendar leaves limited time before the Senate breaks again in early October for the midterm elections. That would leave the bill’s path less certain, and helps explain why the 60-vote threshold remains central to the debate over its prospects.

Kalshi traders remain far less confident than Armstrong, pricing just a 22% chance that the CLARITY Act will secure more than 60 Senate votes. This gap makes the September 15 cloture vote particularly important, as the Coinbase CEO’s forecast would require at least seven Democrats to break ranks and support the CLARITY Act bill.
If the vote reaches 60, it would give the crypto industry a significant signal that the legislation has enough momentum to move toward final passage.
Do you agree with Armstrong? Make your call and start with a free $25 on Kalshi
The post Coinbase CLARITY Act: Armstrong Expects 60+ Votes Despite Kalshi 22% Odds appeared first on Cryptonews.
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JUST IN: Coinbase CEO Armstrong says the CLARITY Act "has a great chance of passing" with "90% of what they want on both sides."
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