CLARITY Act Faces Growing Scrutiny as Senate Markup Begins

Key Takeaways Senate Democrats intensified criticism of the CLARITY Act as the Banking Committee debated the bill on May 14, 2026. Minority staff warned the legislation could leave DeFi, Tornado Cash, and stablecoin-related illicit finance vulnerabilities unresolved. Lawmakers considered a revised 309-page draft with more than 130 amendments, including 44 filed by Sen. Elizabeth Warren….

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Coinbase Wins USDC Treasury Deployer Seat on Hyperliquid, Circle Handles Cross-Chain Infrastructure – Bitcoin News

Key Takeaways Coinbase takes the treasury deployer role for USDC on Hyperliquid, where supply has grown to roughly $5 billion, up 2x year-over-year. The AQAv2 framework ends fragmentation between USDC and USDH, redirecting reserve yield back to the Hyperliquid protocol for HYPE holders. Native Markets’ USDH will sunset over coming months, with feeless USDC conversions…

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AI Promised the Audemars Piguet x Swatch Wristwatch. China Will Deliver It

Laden with iconic Royal Oak design cues, most notably the octagonal case, eight-screw bezel, and Petite Tapisserie-patterned dial, the strapless design heavily references 1979’s Royal Oak Pocket Watch reference 5691. Inside is an entirely new hand-wound version of Swatch’s Sistem51 caliber, a movement that is completely machine assembled. Swatch has 15 active patents on this…

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