Team Scrott US Senator to Reject About 10 Crypto Bill Amendments
PANews reported quoting CoinTelegraph and Politico that US Senator Tim Scott plans to reject about 10 amendments to a cryptocurrency-related bill, citing reasons such as wording errors.
This decision raises the possibility of increased disagreements between the Republican and Democratic parties during the review process of the relevant bill.
US Senate Clarity Bill Bipartisan Negotiations Collapse
Bipartisan negotiations in the US Senate over the Clarity bill failed to reach an agreement due to disagreements over the BRCA clause. Some Democratic lawmakers are raising issues with clauses concerning presidential family ethics and conflicts of interest, as well as protections for non-custodial software developers.
According to Odaily, citing sources, crypto journalist Eleanor Terrett reported that a small group of senators from both parties discussed the Clarity bill the previous night but failed to reach a final agreement.
Senator Cynthia Lummis stated that 99% of the bill had been agreed upon and expressed hope that Democrats would continue to resolve the remaining issues after the committee review. She pointed out that if a similar FTX incident occurs again, it would be difficult to avoid responsibility.
According to the report, Democratic Senators Adam Schiff and Ruben Gallego have been demanding compromises on ethics standards and conflict of interest clauses related to the president's family before the committee review.
Some Democratic lawmakers also expressed concerns about the Blockchain Regulatory Certainty Act (BRCA) clause. The clause prohibits prosecuting non-custodial software developers based on money transmission laws.
A source explained that while both sides made significant progress on the ethics and conflict of interest issues, the talks collapsed due to disagreements over the BRCA amendment.
US Senate Banking Committee to Review CLARITY Bill Tonight
Odaily reported that the US Senate Banking Committee will review the CLARITY bill, a cryptocurrency market structure bill, at 11:30 PM Korean time on the 14th.
If it passes the committee stage, the bill will move to a full Senate vote. The latest amendment includes provisions to provide clearer legal protection and a development environment for DeFi protocol developers in the US.
US Bitcoin Spot ETFs See $635 Million Net Outflow in a Day
PANews reported, citing SoSoValue data, that Bitcoin spot ETFs saw a total net outflow of $635 million on the 13th (US Eastern Time).
By product, BlackRock's IBIT saw the largest net outflow of $285 million. IBIT's cumulative net inflow stands at $65.773 billion.
Following that, Ark Invest and 21Shares' ARKB recorded a net outflow of $177 million. ARKB's cumulative net inflow is $1.451 billion.
The total net assets of Bitcoin spot ETFs are $105.01 billion, with the ratio of ETF net assets to Bitcoin's total market capitalization at 6.58%. The cumulative net inflow is calculated at $58.499 billion.
Bank of England to Scale Back Stablecoin Regulatory Plans
WatcherGuru reported that the Bank of England plans to scale back its strict stablecoin regulatory plans following backlash from the cryptocurrency industry.
This adjustment appears to be in response to criticisms that strong regulations on stablecoin issuance and operation could increase the burden on the industry.
Charles Schwab Launches Direct Bitcoin and Ethereum Trading for US Individual Clients
Odaily reported that US financial services firm Charles Schwab has begun a phased rollout of its "Schwab Crypto" service for eligible US individual clients.
The service supports direct trading of Bitcoin and Ethereum. Users can view and manage their crypto assets within their existing Schwab accounts.
Custody is handled by Charles Schwab Premier Bank, with Paxos providing sub-custody and trade execution services.
The trading fee is 0.75% of the transaction amount. Currently, external wallet deposits and withdrawals are not supported, and residents of New York and Louisiana cannot use the service.
Charles Schwab's client assets total approximately $12 trillion. The company's clients are known to hold about 20% of US spot crypto ETF assets.
###Societe Generale Deploys Euro and Dollar Stablecoins on Canton Network
According to CoinTelegraph, Societe Generale has deployed its Euro stablecoin EURCV and Dollar stablecoin USDCV on the Canton Network through its subsidiary SG-Forge.
Societe Generale plans to use the stablecoins for tokenized collateral, share buyback financing, and institutional settlements. It will also participate as a strategic partner and validator on the Canton Network.
Previously, SG-Forge launched EURCV in 2023 and USDCV in 2025. Their current market capitalizations are approximately $97 million and $20 million, respectively.
TON Expansion Project TAC Loses $2.8 Million in External Attack
TAC, a TON network expansion project, stated that the TON side of its cross-chain layer suffered an external attack, resulting in a loss of approximately $2.8 million.
The attack affected USDT, BLUM, and tsTON tokens. However, TAC stated that TAC tokens, TON, and ERC-20 tokens bridged from Ethereum were not affected.
The cross-chain bridge is currently suspended. TAC plans to release a detailed analysis report within 48 hours and cooperate with judicial authorities to trace the stolen funds.
TAC stated it would sell foundation-held TAC tokens through legitimate means to fully compensate users and restore bridge liquidity.
BNB Chain Launches On-Chain Agent Identity and Payment Framework
PANews reported on the 14th, citing The Defiant, that BNB Chain has launched an on-chain agent identity and payment framework based on the ERC-8004 standard.
The framework supports autonomous agents in securing decentralized identities and processing P2P payments, task delegation, and reputation record accumulation on-chain.
BNB Chain has integrated smart contract execution, natural language-based on-chain data queries, NodeReal MegaNodes API, and Four.meme-based meme token management functions. The company believes this framework will expand the use of agents in the DeFi and asset management sectors.
Fidelity International Launches First Tokenized Fund, FILQ
Odaily reported that Fidelity International has launched its first tokenized fund, the Fidelity USD Digital Liquidity Fund (FILQ), which has obtained Moody's highest money market fund rating of AAA-mf.
FILQ is an on-chain implementation of an existing institutional dollar liquidity fund, designed referencing Fidelity's approximately $7 billion low-volatility net asset value fund strategy.
The tokenization infrastructure is provided by Signum, and daily official net asset value data provided by JP Morgan is reflected on-chain via Chainlink oracles. Investors can subscribe and redeem 24/7 using stablecoins.
