Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, the CLARITY Act remained at the center of the US crypto policy debate as Senator Ruben Gallego blasted Republicans’ proposed ethics rules while Goldman Sachs CEO David Solomon backed the broader bill. Meanwhile, crypto derivatives pioneer BitMEX announced it will shut down after 11 years of operation.

Democratic Senator Ruben Gallego says he will be working with Republicans to come up with a counterproposal to White House-approved ethics provisions in the CLARITY Act, saying the draft released this week was “not a serious effort.”

On Wednesday, Senate Republicans released the proposed text for the Digital Asset Market Clarity (CLARITY) Act, including language on ethics that would bar all US federal officials — including US President Donald Trump — from issuing or sponsoring any digital asset. Democrats said the ethics provisions fall short.

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