rawa_cryptoparser_en

SEC and CFTC push ahead on crypto regulations As CLARITY Act runs into political and scheduling constraints in the Senate, the SEC and CFTC are already testing how much of Washington’s crypto agenda can be advanced under existing law. The SEC has been developing two major initiatives under Chair Atkins, including Reg Crypto, a tailored framework for certain crypto offerings, and an Innovation Exemption that would allow limited experimentation with tokenized securities and onchain trading. However, progress has been uneven. The commission had scheduled an Aug. 14 vote on the crypto-offering proposal before canceling the meeting a day earlier without setting a new date. The separate Innovation Exemption has also faced delays amid resistance from parts of the traditional securities industry. Both initiatives address questions that CLARITY is intended to settle more permanently, including how digital assets can be issued and traded and which federal rules should apply. But their stop-start rollout reflects the limits regulators face in trying to move ahead while Congress remains divided. The CFTC, meanwhile, is moving more aggressively. Chair Selig said the agency needs to hear directly from the companies building new financial products if regulators are to keep pace with innovation. The CFTC will convene its inaugural Innovation Advisory Committee meeting on Aug. 20, bringing together executives, entrepreneurs and market participants to discuss the future of financial regulation. The meeting builds on the agency's increasingly assertive approach to prediction markets. On Aug. 11, the CFTC invoked emergency authority after Kalshi warned that a lawsuit brought by New York could disrupt its federally regulated event-contract market nationwide. Selig ordered the exchange to continue operating under federal derivatives rules and has argued that states cannot override the national framework governing CFTC-regulated markets. That dispute is part of a broader fight between the commission and several states over whether prediction contracts should primarily be governed by federal derivatives law or state gambling rules. The SEC and CFTC cannot replicate the full scope or permanence of CLARITY through exemptions, rulemaking and interpretations of existing law. But both agencies are already attempting to establish parts of the regulatory framework Congress has yet to enact. That tension will carry into the White House gathering, where Atkins and Selig are expected to meet executives whose businesses sit directly at the center of both the stalled legislation and the regulators' efforts to move without it. The post Trump to meet Coinbase, Ripple and crypto leaders as CLARITY Act odds collapse to 10% appeared first on CryptoSlate. https://cryptoslate.com/trump-to-meet-coinbase-ripple-and-crypto-leaders-as-clarity-act-odds-collapse-to-10/

Trump to meet Coinbase, Ripple and crypto leaders as CLARITY Act odds collapse to 10% President Donald Trump and the heads of the SEC and CFTC are expected to meet crypto and prediction-market executives at the White House next week as the industry’s biggest legislative priority faces dwindling odds of becoming law this year. According to reports, the Aug. 19 gathering is expected to include executives from Coinbase, Andreessen Horowitz, Ripple, Chainlink, Kalshi and Paradigm, along with representatives from the Digital Chamber. Executives from Kraken, Gemini, the New York Stock Exchange and Nasdaq have also been invited. Trump and Commodity Futures Trading Commission (CFTC) Chair Michael Selig are among those expected to participate, while Securities and Exchange Commission (SEC) Chair Paul Atkins is also set to attend. The final attendance list remains subject to change. The meeting comes less than a month before the Senate is scheduled to take its next procedural step on the Digital Asset Market Clarity Act, legislation designed to establish federal rules for crypto markets and divide oversight between the SEC and CFTC. It also arrives as both agencies increasingly use their existing authority to shape crypto policy while Congress struggles to finish the broader framework. Polymarket traders on Saturday assigned the CLARITY Act a roughly 19% probability of being signed into law in 2026, down from a peak of 82% on Feb. 19. Even that diminished market-implied probability is nearly twice Galaxy Digital’s 10% estimate for passage this year. CLARITY Act's bipartisan coalition faces a September wall CLARITY entered the summer with something few major crypto bills have managed to secure: substantial bipartisan support in both chambers of Congress. That coalition has since fractured under disputes that have less to do with the architecture of crypto regulation than with the politics surrounding it. The Senate Banking Committee advanced the legislation 15-9 on May 14, with Democratic Sens. Ruben Gallego and Angela Alsobrooks joining all 13 Republicans. The House had already approved H.R. 3633 by a 294-134 vote in July 2025, with 78 Democrats backing the measure. But negotiations deteriorated over restrictions on crypto activities by senior government officials, limits on stablecoin rewards and protections against illicit finance. Banks have also pressed lawmakers to restrict rewards offered by stablecoin platforms, warning that yield-bearing products could pull deposits away from the traditional banking system. The biggest obstacle now is the ethics dispute surrounding Trump's crypto ventures. Galaxy Digital said the legislation has effectively shifted from a policy negotiation into a political one. A bipartisan group of senators sent the White House a proposed ethics framework on July 30, but the administration has not publicly agreed to it. Without a compromise, Galaxy said supporters may have no viable path to the 60 Senate votes needed to advance the bill. That stalemate pushed CLARITY past the Senate's August recess without a floor vote. Nevertheless, Senate Majority Leader John Thune filed cloture on the motion to proceed before lawmakers left Washington, setting up an early test when the Senate returns Sept. 14. However, the calendar leaves little margin for another breakdown. The Senate is expected to spend only about three weeks in session before lawmakers leave Washington around Oct. 2 for midterm election campaigning. Galaxy estimates that CLARITY would need to begin moving almost immediately and consume a substantial portion of that period to have a realistic chance of clearing the chamber this year. That makes Wednesday's White House gathering more consequential. Executives from some of the companies that have spent years lobbying for federal crypto legislation will meet administration officials just weeks before the Senate determines whether CLARITY still has enough political support to move forward.

Venue or system Observed mechanism Reported measure Disclosure limit Binance Module delays, internal-transfer constraints and local collateral depegs About $283 million in described compensation The supplied postmortem gives no event-specific ADL total Hyperliquid On-chain auto-deleveraging About $2.10 billion across 34,983 individual ADL executions in roughly 12 minutes A non-peer-reviewed reconstruction of a derivatives mechanism Aave Lending liquidations, deficits and price-update delays About $180 million liquidated and roughly $500,000 in bad debt and expected deficit Lending outcomes rather than derivatives ADL The Hyperliquid figures come from a non-peer-reviewed study using public venue data. They establish that large-scale ADL also occurred on an on-chain derivatives venue, while leaving the design and outcomes distinct from Binance. Related Reading October Trump tariff trader loses $100M erasing all 10/10 gains after price dip With massive on chain perp scale, visible leverage can turn big positions into crowd magnets and liquidation targets. Jan 30, 2026 · Gino Matos A Chaos Labs report on Aave said some markets experienced five-block price-update delays. Chaos Labs estimated that liquidation fees and SVR revenue left the protocol about $1.5 million net positive after the reported deficits. Public records made parts of Hyperliquid's loss allocation and Aave's lending stress measurable. The same records documented ADL, oracle latency and bad debt. Observability gave outsiders a better audit trail, while the mechanisms themselves still imposed losses and operational risks. Faster trade data still leaves the loss chain fragmented. Solana Research Institute says its 33-page letter followed discussions between the FCA and Solana Foundation, although the available material contains no independent FCA confirmation. The letter covers seven domains, including identity, resilience, custody, market abuse, systemic risk and prudential capital. The Oct. 10 crash is one case study inside that broader argument. The FCA has already addressed part of the transparency problem. Its June 2026 final cryptoasset framework requires UK qualifying cryptoasset trading platforms and principal dealers to publish post-trade information as close to real time as possible and no later than one minute. Larger UK platform operators also face pre-trade transparency requirements. Related Reading FCA finalizes UK crypto rules as firms face 2027 access deadline The FCA's new regime will force exchanges, custodians and stablecoin firms to decide whether UK access is worth a full FSMA authorisation process, even if they already hold AML registration. Jun 30, 2026 · Liam 'Akiba' Wright The framework applies to DeFi where a clear controlling person carries out regulated cryptoasset activity. Genuinely decentralized activity can fall outside the perimeter, with a separate consultation on DeFi guidance still expected. The cited final framework does not expressly require standardized cross-venue reporting of liquidation volumes, ADL use or backstop losses. Faster trade data improves the view of execution, but the Oct. 10 records show how operational delays, pricing failures and loss-allocation mechanisms can remain hard to compare after a common shock. Solana Research Institute's policy case is strongest when it focuses on that observability gap. The crash showed public records can make venue failures measurable, including failures on transparent platforms. Comparable event disclosures could help regulators distinguish routine solvency controls from venue-specific operational or pricing breakdowns without treating transparency itself as proof of safety. The post Crypto crash liquidations face massive data gap as public records contradict $18B Solana claim appeared first on CryptoSlate. https://cryptoslate.com/crypto-crash-liquidations-face-massive-data-gap-as-public-records-contradict-18b-solana-claim/