Cryptocurrency Archive

Apparently, JPMorgan Chase’s Jamie Dimon did not take kindly to Coinbase CEO Brian Armstrong accusing them of ruining the Clarity Act, and interrupted Armstrong’s coffee date with Tony Blair to say so:

In a 12-11 vote along party lines, the Senate Agriculture Committee, which regulates commodities, voted on Thursday to advance its portion of the crypto market structure bill to a Senate floor vote. This is not a good sign for the crypto industry, which had hoped that the bill would pass with bipartisan support. (In the meantime, the Senate Banking Committee’s half of the bill, which handles securities, remains stuck in markup limbo.)

The NFL has added prediction markets to its list of “prohibited categories” for commercials in Super Bowl LX. However, as Front Office Sports points out, sports betting isn’t on that list. While there will be limits on the number of sports bettor ads allowed, the league seems to be drawing a distinction between the two categories.

Polymarket — the same platform someone made thousands of dollars betting on Nicolás Maduro’s arrest — has 48 hours to cease operations in Portugal after users wagered more than 103 million euros (~$120 million) on the outcome of the country’s presidential election, according to a report from CoinDesk.

Senate Banking Committee Chair Tim Scott (R-SC) made a last minute decision to postpone a vote on the Clarity Act, which would determine which federal agency could regulate crypto. Coinbase CEO Brian Armstrong came out against the latest version of the bill one day before the scheduled vote.