DeFI News by Thebittimes.Com

Coinbase CEO Brian Armstrong says that the next major crypto bill, the Digital Asset Market Clarity Act of 2025, also called the CLARITY Act, is a “freight train leaving the station,” adding that this is the most bullish he has ever been on the bill. In a video posted to X, the CEO said that there is a good chance that the bill will pass. This is after he attended discussions with lawmakers “on both sides of the aisle,” and added that the bill has bipartisan support.  “The Senate is strongly supportive of getting this done; the members I met with on both sides of the aisle are ready to get this legislation passed,”  Armstrong said in the video. Armstrong Says New Bill Will Ensure There Is Not Another Gary Gensler The bill was introduced in May this year, and seeks to create a comprehensive market-structure framework for digital assets. It also draws a line between US Securities and Exchange Commission (SEC) and the Commodity Futures Tra...

Gate.io to compensate users for outage losses — but there’s a catch Gate.io forced a surprise service outage on its users today. The giant crypto exchange, which claims to have processed over $4 billion in spot plus $17 billion in derivative volume over the last 24 hours despite the outage, partially apologized for the shutdown and promised to compensate users in the most confusing way possible. In an announcement, the exchange apologized “for any inconvenience caused” via a post on X. Executives then hyperlinked to a legal disclaimer that clarified, “We will provide 100% compensation for all customer losses incurred during the upgrade (excluding market factors).” Because a centralized exchange customer usually only has two ways to lose money — market price movements or outright theft — this language made it unclear what compensation was actually offered. The announcement prompted an AMA to “see exactly how payouts work.” Customers flooded into the space...

VanEck chief executive Jan van Eck is outlining what he thinks will be the biggest milestone for the crypto sector in 2025. While speaking with Anthony Pompliano at Bitcoin Investor Week, Van Eck argues that stablecoins are the most interesting part of the digital asset world. The CEO praises the stablecoin legislation working its way through the Senate, but he also says he’s worried US banking regulators will try to kill the bill or “say you have to be a bank to issue a stablecoin.” Senator Bill Hagerty (R-TN) introduced the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act in February. The legislation, which aims to establish regulatory clarity for stablecoins, passed out of the Senate Banking Committee earlier this month. Van Eck also thinks there’s a “big opportunity” with tokenization. “If Hester Peirce and the SEC do what they say they’re going to do… I don’t think we ...

Following the apprehension and subsequent release of CEO Pavel Durov, Telegram will share user data with authorities in compliance with legal requests. Indeed, Durov’s arrest has sparked a renewed focus on eliminating criminal activity from the platform. Compliance with investigations is one of its most significant changes. Durov was arrested by French officials following his failure to adhere to its ongoing probe into the platform. On Monday, he noted that the app had taken steps to remove “problematic content,” as it ramps up efforts to eliminate those who “violate terms of service,” and abuse the messaging applications. Source: CNBC Also Read: Toncoin Rebounds as Telegram Founder Breaks Silence on Arrest Telegram Begins Crime Crackdown as It Promises to Share User Data With Government The continued efforts to limit illegal activity on Telegram have continued. The platform made headlines in August when its CEO and co-founder was arrested. Pavel Durov was ...