12 October 2026
Democratic Senators Renew Push for CLARITY Act Amid Market Developments and Predictions
This week, the cryptocurrency landscape saw significant developments as seven Democratic senators reaffirmed their commitment to advancing the CLARITY Act, despite a recent setback in the Senate. Their determination highlights the ongoing efforts to establish a comprehensive federal framework for cryptocurrency regulation.
In a related note, Tom Lee, Chairman of Bitmine, expressed optimism for the upcoming year in crypto, predicting a bullish trend as Wall Street increasingly adopts blockchain technology. Lee's insights suggest that the financial sector is beginning to view cryptocurrency as a legitimate tool for leveraging returns.
Meanwhile, Kraken's parent company, Payward, announced plans to launch regulated U.S. on-chain perpetual futures using the Hyperliquid protocol. This initiative is expected to enhance market infrastructure and could provide Hyperliquid access to approximately 6 million Kraken accounts, significantly boosting trading volume.
In other news, Revolut's alleged attackers have shifted their ransom demand from Bitcoin to Monero, now seeking 6,000 XMR, which is valued at around $3 million. This change raises questions about the attackers' motivations and the perceived advantages of using privacy-focused cryptocurrencies.
Additionally, Kalshi has reported impressive figures, handling over $40 billion in monthly volume and capturing about 80% of the U.S. prediction market share. This concentration indicates a growing interest and activity within the prediction market space, positioning Kalshi as a leading platform in the American market.
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