Democratic Sens. Ruben Gallego, Ariz., and Angela Alsobrooks, Md., signed on to the bill, signaling a hardening of their position on an ethics provision in the CLARITY market structure bill.

World Liberty Financial, a digital asset venture co-founded by members of the Trump family, received conditional approval for a national trust bank charter.

An SEC spokesperson attributed the cancellation to an "unforeseen scheduling issue" and said the meeting would be rescheduled "to a later date."

The future of on-chain finance in the U.S. is dependent on there being statutory certainty about the rules of the road. The Clarity Act may not be perfect, but passing it is essential to maintaining U.S. leadership in the field.

American Banker's digital asset index found growth in digital assets is outpacing stablecoins.

Senate Majority Leader John Thune, R-S.D., said the cryptocurrency market structure bill will be considered "first thing" after senators return from recess in September.

The payment company's CEO says it's developing and shipping products faster despite cutting nearly half of its staff. It's a strategy he says can be replicated at other businesses.

Having a trust bank will allow the stablecoin company to offer custody products and to have flexibility in where and how it issues its stablecoins.

The CLARITY bill is still on Congress' to-do list before their summer break, but some of the more unusual provisions are causing a hold-up.

Digital currency can be tracked and if stolen "burned," then reminted and given back to its rightful owners. That could be a powerful anti-fraud tool.