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Yesterday β€” 12 September 2026Main stream
Before yesterdayMain stream

US regulators propose bank third-party risk guidelines

11 September 2026 at 15:43
Four U.S. financial regulators have proposed new third-party risk guidelines that would let banks and credit unions tailor oversight to each outside relationship while replacing existing guidance. Proposed bank guidelines favor risk-based oversight The Federal Reserve, Federal Deposit Insurance Corporation,…

Trump on AI Extinction: Beating China Is the Bigger Concern

11 September 2026 at 15:23

Trump dismisses AI extinction warnings and says beating China is the priority as researchers and lawmakers call for stronger safeguards on advanced systems.

The post Trump on AI Extinction: Beating China Is the Bigger Concern appeared first on TechRepublic.

Trump on AI Extinction: Beating China Is the Bigger Concern

11 September 2026 at 15:23

Trump dismisses AI extinction warnings and says beating China is the priority as researchers and lawmakers call for stronger safeguards on advanced systems.

The post Trump on AI Extinction: Beating China Is the Bigger Concern appeared first on TechRepublic.

Government Defeated as Lords Back UK Digital Assets Strategy

11 September 2026 at 13:28

Bitcoin Magazine

Government Defeated as Lords Back UK Digital Assets Strategy

The UK government suffered a defeat in the House of Lords on Wednesday as peers backed an amendment requiring the Treasury to draw up a national strategy for regulating digital assets.

The upper chamber approved the measure by 194 votes to 138, with Conservative and Liberal Democrat peers combining against a near-solid bloc of Labour votes. Baroness Neville-Rolfe, a Conservative former Treasury minister, moved the amendment to the Financial Services and Markets Bill.

The new clause, titled β€œDigital assets strategy,” would require the Treasury to prepare, publish and consult on a strategy for regulating and developing digital assets and related digital financial market infrastructure in the UK.

JUST IN: πŸ‡¬πŸ‡§ U.K. House of Lords passes amendment requiring the government to develop a national cryptocurrency strategy πŸ‘€ pic.twitter.com/77tsy5cRaO

β€” Bitcoin Magazine (@BitcoinMagazine) September 11, 2026

The regulation of digital assets includes β€œcryptoassets, qualifying stablecoins, Central Bank Digital Currencies, tokenised securities and other digital and tokenised financial assets,” according to the draft.Β 

The UK is in the process of drafting a sweeping new crypto bill. The country’s Financial Conduct Authority finalised its regulatory framework for cryptoassets in June, with the regime due to take effect on 25 October 2027. The authorisation gateway for firms opened on 30 September and runs to 28 February 2027.Β 

Britain is trailing behind Brussels and Washington with digital asset regulation. The EU’s Markets in Crypto-Assets regulation has applied to service providers since 30 December 2024.Β 

And the U.S. under President Donald Trump signed the GENIUS Act into law in July 2025, establishing a federal framework for dollar-backed tokens. Broader market-structure legislation remains unfinished: the Clarity Act cleared the House in July 2025 by 294-134 but has been stuck in the Senate over DeFi, stablecoin yield and ethics provisions, with a procedural vote set for next week.Β 

This post Government Defeated as Lords Back UK Digital Assets Strategy first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

The Treasury Secretary is whipping votes for a bill priced at 10%

11 September 2026 at 05:51
The Treasury Secretary wants it passed. The President worked senators in person. Coinbase's CEO says it is happening. Galaxy has it at 10%, down from 75% in May, and the prediction markets agree with Galaxy. One of those groups is wrong and we find out Tuesday.

Germany is ending tax-free bitcoin, and cutting the rate for traders

11 September 2026 at 05:50
Everyone is reporting a tax rise. Do the arithmetic and Germany is cutting the top rate for active traders by nineteen points, from 45% to 26.375%. The people getting hit are the ones who buy and sit on it, which until now was the whole point of holding crypto in Germany.

Revised CLARITY Act Would Shift DeFi Compliance to Controllers

11 September 2026 at 04:36

A revised version of the CLARITY Act would put regulatory obligations on people or coordinated groups controlling β€œnon-decentralized finance trading protocols.” The revised bill defines a non-decentralized protocol as one whose functionality, operation, or rules can be materially altered by an identifiable person or coordinated group.

Under the framework, the SEC and CFTC would write activity-based rules covering registration, conduct, disclosure, recordkeeping, and supervision. Treasury would then determine how existing Bank Secrecy Act obligations apply to affected controllers.

🚨BREAKING: Senate Republicans are reportedly circulating a revised CLARITY Act text ahead of the September 15 cloture vote.

The full text has not been made public.

Key disputes remain unresolved, including:

– Ethics rules targeting the president, who reported more than $1.4… pic.twitter.com/pXJ0yZ1ojT

β€” Coin Bureau (@coinbureau) September 10, 2026

Software and distributed-ledger systems would not be required to register in their own capacity under the text. Participation in an incident-response or security council would not, by itself, establish control over a protocol. This is a carve-out aimed at preserving emergency-response mechanisms without pulling their participants into regulatory scope.

However, the September 15 vote still depends on Democratic crossover votes, given unresolved disputes over ethics provisions, anti-money-laundering protections, and stablecoin rewards.

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What Does the Revised CLARITY Act Actually Change?

The core shift in the revised CLARITY Act is definitional rather than structural. Instead of treating all DeFi trading protocols as a single regulatory category. The bill draws a line between protocols that behave like neutral infrastructure and those where an identifiable controller retains the ability to alter functionality, restrict users, or override pre-established code logic.

Practically, this means the SEC and CFTC would be tasked with building activity-based rulebooks aimed at controllers rather than protocols in the abstract. Treasury’s piece addresses how Bank Secrecy Act obligations map onto those same controllers.

The revised CLARITY Act would regulate identifiable DeFi controllers, while a September 15 Senate vote would only open debate on the bill.

For market participants tracking how the CLARITY Act could reshape institutional access to crypto markets, this is the mechanism that determines which DeFi front-ends and governance structures face compliance exposure and which remain entirely outside registration requirements.

The bill still faces the same political friction that has slowed it for months. Ethics restrictions, AML protections, and stablecoin-yield treatment remain contested, and the ethics section in the newly released text is largely unchanged from the prior draft despite being one of the central sticking points in negotiations.

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Industry Reaction Splits on Substance

Crypto Council for Innovation CEO Ji Hun Kim called the pending vote a pivotal moment for digital assets and innovation. American leadership argues the US needs a framework that pairs consumer protections with business conduct standards.

Coinbase CEO Brian Armstrong told CNBC the bill was ready for a yes vote, saying Coinbase’s previously identified must-have issues had been resolved, though he did not specify which provisions changed or where ethics negotiations landed.

🚨JUST IN: Coinbase CEO Brian Armstrong says crypto wins no matter how the CLARITY Act vote turns out.

β€œIf it passes, we get legislation,”

β€œIf it doesn’t pass, the SEC and CFTC are ready to issue rules.”

Armstrong said the Sept. 15 Senate vote will bring regulatory clarity… pic.twitter.com/A38qUeLF7d

β€” Coin Bureau (@coinbureau) September 10, 2026

Not everyone shares that confidence. Democratic Senator Ruben Gallego warned in August against rushing a vote before lawmakers resolved disputes over ethics and stablecoin yield, arguing that a fast vote does not guarantee the outcome supporters want.

The September 15 cloture vote decides only if the Senate opens debate, not if the CLARITY Act becomes law. Clearing the 60-vote threshold requires Republicans to secure Democratic support despite the open fights over ethics language, AML protections, and stablecoin rewards, the same issues Gallego flagged weeks ago.

Armstrong noted that if the legislation stalls, the SEC and CFTC could still pursue rulemaking and innovation exemptions under their existing authority, meaning DeFi regulation would proceed agency by agency rather than through a single statutory framework.

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The post Revised CLARITY Act Would Shift DeFi Compliance to Controllers appeared first on Cryptonews.

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