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🌙 U.S. Lawmakers Unveil CLARITY Act Regulating Digital Assets

The first draft of the broad market structure and regulation bill that the cryptocurrency industry has been calling for has been released.

Author

Mike Gavela
June 02, 2025

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Crypto Roundup - June 2

U.S. lawmakers have introduced the CLARITY Act, aiming to define which digital assets qualify as securities or commodities, providing long-sought regulatory guidance for the crypto industry. In a significant policy shift, the SEC declared that crypto staking does not constitute a securities transaction—removing a key barrier for institutional adoption. Meanwhile, major corporations are preparing to purchase $400 million worth of XRP, signaling growing confidence in Ripple’s legal standing and enterprise blockchain use cases.

Top Stories

  • Lawmakers introduce CLARITY Act to bring formal definitions and jurisdictional clarity over digital assets, reducing SEC vs. CFTC overlap.

  • SEC clarifies staking is not a securities transaction, a major reversal that could accelerate institutional involvement in crypto staking.

  • Corporations eye $400M in XRP purchases, reflecting growing enterprise trust in Ripple and potential use of XRP for global payments.

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TOP STORIES

U.S. Lawmakers Unveil CLARITY Act Regulating Digital Assets - "The Defiant"

The first draft of the broad market structure and regulation bill that the cryptocurrency industry has been calling for has been released.

thedefiant.io/news/regulation/u-s-lawmakers-unveil-clarity-act-regulating-digital-assets

SEC Says Staking Activities Are Not Securities Transactions, Opening the Door for Institutions and ETFs - "The Defiant"

The Securities and Exchange Commission confirmed that protocol staking does not fall under its purview, making it far more attractive for financial institutions to participate.

thedefiant.io/news/regulation/sec-says-staking-activities-are-not-securities-transactions-opening-the-door-for-institutions

Corporations Are Set to Buy $400 Million of XRP - "The Defiant"

Webus International and VivoPower are gearing up to spend a cumulative $420 million on XRP for digital asset treasuries.

thedefiant.io/news/markets/corporations-are-set-to-buy-usd400-million-of-xrp

FUNDRAISING

OTHER HEADLINES

Bitcoin (BTC) Treasury News: Meta Shareholders Overwhelmingly Reject Plan

The company has $72 billion in cash on its balance sheet, but barely any of the 5 billion shares that voted were in favor of adding bitcoin.

www.coindesk.com/business/2025/06/02/meta-shareholders-reject-proposal-to-add-bitcoin-to-balance-sheet

Hyperliquid loser James Wynn got rekt, gambled $20K in donations

James Wynn said he needed donations to help him fight the "cabal" after already losing millions on crypto derivatives exchange Hyperliquid.

protos.com/hyperliquid-loser-james-wynn-got-rekt-gambled-20k-in-donations

MetaMask wallets will get easier to access after latest Consensys acquisition

The leading Ethereum wallet hooked up with Web3Auth. Consensys is overhauling MetaMask. CEO Joe Lubin ramps up dealmaking.

www.dlnews.com/articles/markets/blockchain-dev-consensys-acquires-web3auth-for-metamask

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