Major crypto firms are urging the U.S. Senate Banking Committee to fast-track the Clarity Act, which aims to establish clear regulations for digital assets. The push comes as global crypto regulation efforts intensify, with the bill seen as crucial for maintaining the U.S.'s competitive edge in the industry. The act's progress remains a key policy priority.
Over 100 crypto firms and industry groups have urged the U.S. Senate to advance the long-delayed Clarity Act, warning that further delays could push innovation and capital offshore. The firms emphasize the importance of timely legislation to maintain the U.S. position as a crypto innovation hub, highlighting concerns that continued inaction may benefit foreign markets.
Super Micro (SMCI) stock fell about 10% on April 18, after Oracle canceled a $1.4 billion deal to buy 300-400 AI racks. The company’s co-founder, Wally Liaw, faces federal charges over alleged smuggling of Nvidia chips to China. The stock decline follows a period of volatility amid legal and contract setbacks.
Ripple-linked XRP declined 2.5% after failing to break above $1.44 on April 23, amid broader market uncertainty. The drop coincided with profit-taking in Bitcoin and delays in the launch of a Bitcoin ETF, which contributed to mixed sentiment in the crypto market. The rejection near $1.44 marked a key resistance level for XRP.
Tether froze $344 million USDT in two wallets on April 23, 2026, acting on U.S. authorities' information. This move raises questions about governance and regulatory scrutiny in the stablecoin market. Tether's actions reflect ongoing efforts to combat illicit activities and comply with U.S. law, impacting stablecoin trust and market stability.
Solana's SOL trades at $91.35, up 3.72% in 24 hours, with volume surging 35% and ETF inflows reaching $50M over eight days. Analysts see potential for SOL to break $96 and target $110, signaling a possible major breakout. Technical indicators and inflow data suggest bullish momentum for Solana in the near term.
European banks are advancing stablecoin adoption under the MiCA regulation, with ClearBank becoming the first approved institution. ING and other banks are developing euro/CHF projects, while USDC trading volume surged 109%. Chainalysis predicts a 719% increase in stablecoin activity, highlighting Europe's growing role in the Web3 financial ecosystem as of April 2026.