Odaily cryptocurrency reporter Eleanor Terrett stated that the Blockchain Regulatory Certainty Act (BRCA) remains consistent with the version passed by the Senate Banking Committee in May.
It is reported that the bill continues to clarify that non-custodial software developers and blockchain infrastructure providers will not be considered money transmitters solely for building or maintaining a decentralized network. Meanwhile, the Lummis-Grassley amendment is retained, maintaining federal criminal liability for "intentionally" facilitating illegal transactions.
Additionally, the relevant content of the "Keep Your Coins Act" remains unchanged, continuing to protect users' right to self-custody of their own crypto assets.
Regarding stablecoin yields, the bill retains the original compromise, prohibiting companies from paying interest on users' idle stablecoin balances but allowing rewards related to actual activities, such as trading or staking rewards, provided they are not economically or functionally equivalent to bank deposit interest.
The bill also adds new sections related to law enforcement, including increased funding for state and local cryptocurrency investigations and blockchain analysis tools, establishing training programs for law enforcement agencies and prosecutors, and creating a "Cyber Center" to address threats from state actors such as North Korea and Iran.
Furthermore, the bill clarifies the treatment of digital assets in the event of an exchange or custodian bankruptcy, ensuring that customer assets remain customer property rather than becoming part of the company's bankruptcy estate, aiming to prevent a recurrence of events like the FTX incident.
According to Odaily, the U.S. Senate is reviewing the "CLARITY Act," which includes a new provision that would prohibit the President and other federal government officials from issuing or promoting cryptocurrencies and other digital assets.
It is reported that Republican senators updated the bill text on Wednesday. The bill is considered the first major piece of legislation in the U.S. to comprehensively regulate the digital asset market. This update marks the first time provisions have been introduced to restrict federal officials, including the President, from profiting through crypto assets.
The specific implementation details and scope of application for this provision have not yet been announced. (CNBC)
Odaily Odaily Odaily research director Zach Pandl said that the market currently has two main views on when the Bitcoin bear market will end: one is to follow the "four-year cycle", and the other is to regard Bitcoin as a mature asset driven by macro factors. The "four-year cycle" view holds that the halving event is still the core driver of the Bitcoin price cycle. Historically, Bitcoin usually bottoms about a year after a cycle peak and about 2.5 years after a halving, with an average cumulative retracement of about 80%. According to this pattern, Bitcoin could still fall further in this cycle and form a bottom in September or October. The other view is that Bitcoin prices will be more influenced by economic growth, real interest rates, and Federal Reserve policy changes, just like other major assets. Past Bitcoin bear markets have usually been accompanied by slowing economic growth or rising real interest rates. This decline also occurred against the backdrop of rising interest rate expectations and rising real interest rates. Pandl said he agrees more with the macro-driven view. If the Fed stops raising interest rates and economic growth remains stable, Bitcoin prices may have already bottomed.
Odaily Planet Daily News According to MSX.COM data, Super Micro Computer (SMCI.O) expanded its gains to 25%, marking its largest increase since 2024. On the news front, the company previously stated that its backlog of orders reached a historic high by the end of fiscal year 2026, with total new orders in the fourth quarter exceeding $60 billion. These new orders are expected to be delivered over the next several quarters.
According to MSX.COM data, Dell Technologies (DELL.US) surged over 11%, reaching $451.36 per share, with a total market cap approaching $290 billion.
