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According to crypto journalist Eleanor Terrett, the Clarity Act has passed the U.S. Senate Banking Committee with a vote of 15 in favor and 9 against, with Democratic Senators Ruben Gallego and Angela Alsobrooks voting in favor. The next step for the bill is to be submitted to the full Senate for a vote.

The U.S. Senate Banking Committee is currently holding a key hearing on the Digital Asset Market Clarity Act (referred to as the Clarity Act), where the committee will discuss and vote on dozens of amendments and decide whether to advance the bill to the full Senate for consideration. The bill aims to clarify the regulatory authority of the SEC and CFTC over digital assets and establish a regulatory framework for the cryptocurrency market structure.During the meeting, Senator Cynthia Lummis stated that the Clarity Act is "one of the most challenging pieces of legislation" she has participated in, noting that the bill has undergone long-term bipartisan negotiations and involves issues such as stablecoin yields, anti-money laundering, and enforcement authority. Elizabeth Warren, on the other hand, stated that the bill is "not ready" and criticized it for having loopholes in anti-money laundering and sanctions enforcement. Additionally, the committee passed an amendment regarding an AI regulatory sandbox by a vote of 15 to 9, while Warren's proposed amendment concerning the sanctions authority over mixers like Tornado Cash was not passed, with a vote of 11 to 13.In the market, Bitcoin briefly surpassed $81,000 during the meeting, and the S&P 500 index also reached a historic high.

According to BBX data, institutional demand for Bitcoin ETFs maintained strong momentum yesterday. Today, both houses of Congress are advancing cryptocurrency legislation simultaneously for the first time, with the core dynamics as follows:The U.S. Bitcoin spot ETF recorded a total net inflow of approximately $358.1 million yesterday (May 13), with BlackRock, Inc. (NYSE: $BLK) subsidiary iShares Bitcoin Trust (NASDAQ: $IBIT) seeing a single-day net inflow of $269.3 million, the strongest single-day data in recent weeks; the overall U.S. Bitcoin spot ETF has recorded net positive inflows for seven consecutive weeks, further reinforcing the structural signal of institutional capital returning. Bitcoin closed above $80,000 yesterday, with a year-to-date increase of about 14%, and market sentiment remains relatively optimistic on the eve of the CLARITY Act markup.The House Ways & Means Committee held a closed-door meeting today (May 14) on cryptocurrency tax reform in sync with the Senate Banking Committee's CLARITY Act markup, covering topics such as the treatment of capital gains tax on crypto assets, tax reporting responsibilities for DeFi protocols, and the tax classification of Bitcoin mining and staking income; this marks the first time in 2026 that both houses of Congress are advancing cryptocurrency regulatory legislation on the same day, indicating that cryptocurrency regulatory legislation has expanded from a single market structure issue to a complete legislative ecosystem of "regulatory framework + tax system."

The globally leading cryptocurrency trading platform Gate has released the special edition "Behind Gate: Dr. Han" for its thirteenth anniversary, presenting the multi-day itinerary of founder and CEO Dr. Han in Hong Kong in a documentary format. The content covers key moments such as team activities, client meetings, media communications, the Gate 13th anniversary blue carpet ceremony, and speeches at the University of Hong Kong, focusing on his high-intensity work pace and external communication dynamics.The video also presents Dr. Han's thoughts on iWeb3, as well as his ongoing viewpoints in public speeches and media communications, covering directions such as intelligent infrastructure and industry development trends. It is mentioned in the film that the 13th anniversary is seen as a new starting point for development, and based on long-term accumulation, the platform has completed phased preparations in technology, products, and global layout.Overall, this issue continues the series' documentary style, reflecting Gate's current accelerated pace in business advancement and industry communication from multiple aspects, including team collaboration, external communication, and brand activities. As the platform enters its 13th anniversary and its global user base surpasses 53 million, its ongoing progress in compliance and global expansion further releases clear signals for the next stage of growth.

According to The Block, the U.S. Senate Banking Committee has released an updated 309-page text of the Clarity Act, which is set to be reviewed and voted on later this week. The new text includes language related to restrictions on stablecoin rewards, as well as provisions from the Blockchain Regulatory Certainty Act, clarifying that non-custodial developers do not fall under the category of money transmitters. Coinbase, which previously withdrew its support due to controversies over the stablecoin rewards provisions, has now shifted to support, but banking groups still believe the restrictions are insufficient.Meanwhile, the bill still does not include ethical constraints regarding profits from digital assets for the president and other federal officials. Democrats have stated that without relevant compromises, the bill will struggle to gain support.

According to a report by the Korea Herald, data obtained by South Korean National Power Party member Kang Min-guk from the Financial Supervisory Service shows that as of May 4, a total of 15 virtual asset service providers have ceased operations in South Korea, affecting approximately 1.949 million users, with frozen assets amounting to 22.1 billion won (14.87 million USD). Among them, only 6 operators have transferred user assets to the Digital Asset Protection Foundation, involving 1.92 million users and assets of about 2.36 billion won (1.59 million USD). Only 131 users have recovered their assets through the foundation, accounting for 0.006% of all users, with returned assets of about 74.52 million won (50,000 USD), which is only 0.3% of the total assets.Member Kang pointed out that current laws do not require service providers to transfer user assets to the foundation when ceasing operations, lacking legal enforcement mechanisms, and the foundation has not actively promoted the asset recovery application process. He urged the Financial Supervisory Service to expedite the advancement of the second phase of legislation to strengthen user protection mechanisms.

According to Cointelegraph citing Bloomberg, the U.S. House fundraising committee will hold a closed-door bipartisan briefing on cryptocurrency tax issues this Thursday.

According to Crypto in America, the U.S. Senate Banking Committee has scheduled a formal markup of the cryptocurrency market structure bill, the Clarity Act, for Thursday. The final text of the relevant provisions is expected to be published before the meeting, and lawmakers must submit amendments by the deadline.Previously, the initial review was temporarily halted due to opposition from industry insiders, including Coinbase CEO Brian Armstrong, regarding the stablecoin yield provisions. Currently, cryptocurrency institutions like Coinbase generally accept the new text, but some banks serving retail customers are still sending letters to the Senate through industry associations, requesting further tightening of the "interest on deposits" space for stablecoins to prevent depositor migration.Meanwhile, some Democratic lawmakers may vote against the bill in its entirety during the committee stage due to dissatisfaction with potential conflicts of interest clauses related to Trump and his family involving crypto. This could lead to the bill passing through the committee along party lines, but facing uncertainty in garnering bipartisan support in the full chamber later.

According to The Block, Rob Nichols, the CEO of the American Bankers Association (ABA), sent a letter to bank executives on Sunday evening urging them to contact senators to further tighten the provisions related to stablecoin rewards before the Senate Banking Committee's markup vote on Thursday.Nichols warned that the current draft fails to effectively prevent crypto companies from offering "interest-like rewards" to users, which could lead to significant outflows of bank deposits, threatening economic growth and financial stability.The current draft, negotiated by Senators Angela Alsobrooks and Thom Tillis, prohibits paying interest or returns to users holding stablecoins but allows rewards linked to real activities or transactions, a provision that has received support from Coinbase. The banking industry groups believe that the related exceptions contain loopholes that could be exploited and jointly sent a letter on May 8 to Committee Chairman Tim Scott and Democrat Elizabeth Warren, requesting technical revisions to the wording of the provisions.

According to Bits.media, the State Duma's Committee on National Construction and Legislation in Russia has suggested passing the government's proposed criminal liability bill for illegal cryptocurrency mining in the first reading.The bill will add Article 171.6 "Illegal Mining of Digital Assets and Activities of Mining Infrastructure Operators" to the Criminal Code, applicable to mining activities not registered in the national registry and unlicensed provision of mining infrastructure services. The severity of penalties will depend on the seriousness of the crime: for income or losses exceeding 3.5 million rubles, fines can reach up to 1.5 million rubles or two years' income, or compulsory labor for up to two years; for crimes committed by organized groups or income exceeding 13 million rubles, fines can reach up to 2.5 million rubles or three years' income, compulsory labor or imprisonment for up to five years, and may also include additional fines of up to 400,000 rubles or six months' income. In all cases, confiscation of the mined cryptocurrency is stipulated. The government states that currently about 50,000 entities in Russia are engaged in mining, but only 1,489 (609 legal entities and 880 individual entrepreneurs) are registered in the national registry.

According to crypto journalist Eleanor Terrett, the U.S. Senate Banking Committee will review H.R.3633, the "2025 Digital Asset Market Clarification Act," at 10:30 AM Eastern Time on May 14. Committee members will vote on the bill text and related amendments at that time.If the bill is passed, the Banking Committee version will be merged with the portion handled by the Senate Agriculture Committee into a final version, which will then be submitted for a full Senate vote.

According to crypto journalist Eleanor Terrett, multiple industry insiders have revealed that the Senate Banking Committee may notify about the review of the CLARITY Act as early as tomorrow and has distributed the legislative draft text to some industry members, with a vote expected next Thursday.Insiders stated that the language of the draft is still being finalized, and additional revisions are anticipated to reflect the priorities of the Democratic office. One insider, after reviewing the bill and coordinating with industry leaders, indicated that the overall atmosphere is currently positive, but some terms in parentheses have raised concerns, and some key provisions that were previously thought to be resolved may still be subject to change.

According to market news, the amendment to South Korea's Foreign Exchange Transaction Act has been passed by the National Assembly's Legislation and Judiciary Committee. This amendment will expand the regulatory scope of foreign exchange trading to include virtual asset service providers, including cryptocurrency exchanges.The committee passed the bill in today's plenary session and adopted the revisions suggested by professional committee members. The bill has now been submitted to the National Assembly for a final vote, which may take place as early as May 7.

According to market news, the Arbitrum committee voted to unfreeze $71 million worth of Ethereum to mitigate the $290 million loss caused by the Kelp DAO vulnerability.

According to Jinshi reports, the U.S. Senate Banking Committee voted to submit Waller's nomination for Federal Reserve Chairman to the full Senate.

According to official disclosure from 0G Labs, 0G Private Computer has officially launched, providing privacy inference services based on TEE (Trusted Execution Environment) for AI agents and developers. Users can access the service through pc.0g.ai.The official statement indicates that the product utilizes a hardware isolation environment composed of Intel TDX CPU and NVIDIA H100/H200 GPU, with all inference requests completed within the TEE. Input content is transmitted in an encrypted manner, and output results will undergo signature verification, ensuring that service providers cannot directly view user data.Currently, the platform supports models such as DeepSeek DeepSeek Chat V3, Alibaba Qwen3.6 Plus, Zhipu AI GLM-5-FP8, Qwen3-VL-30B, OpenAI Whisper-large-v3, and z-image, and provides an interface compatible with the OpenAI API, allowing developers to complete migration by modifying the base URL.

According to market news, the legislative committee of the Russian government has approved a proposal from the Ministry of Finance to include operations related to digital currencies within the scope of personal income tax collection, which includes cryptocurrency exchanges.The bill proposes that transaction costs be accounted for using the FIFO (First In, First Out) method and prohibits the carryover of losses from digital currency transactions to future tax periods. Meanwhile, certain services and transactions are proposed to be exempt from value-added tax, including services from digital custodians, cryptocurrency exchange services, and certain foreign digital rights transactions without physical delivery. For debt-type digital financial assets (such as tokenized bonds), the bill sets separate profit tax calculation rules and allows for loss carryover. Previously, the State Duma of Russia had passed the "Digital Currency and Digital Rights" bill in its first reading.