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Cointelegraph

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, Senate Majority Leader John Thune confirmed that the chamber would delay a vote on the CLARITY Act until September, a move First Digital CEO Vincent Chok said could give Hong Kong and Singapore more time to strengthen…

Photo: Cointelegraph

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, Senate Majority Leader John Thune confirmed that the chamber would delay a vote on the CLARITY Act until September, a move First Digital CEO Vincent Chok said could give Hong Kong and Singapore more time to strengthen their positions as digital asset hubs. Meanwhile, US spot Bitcoin ETFs extended their inflow streak as the Coldcard wallet hack reignited debate over the risks of self-custody.

The US Senate’s delay of a vote on crypto market structure legislation could give Hong Kong and Singapore more time to strengthen their positions as digital asset hubs, according to First Digital founder and CEO Vincent Chok.

Chok, whose company issues the FDUSD stablecoin, said the delay could give jurisdictions with clearer regulatory frameworks an advantage in attracting capital and talent as US uncertainty weighs on institutional adoption. 

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Originally published by Cointelegraph. Read the full story at the source →

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