[News Brief] Apr 22, morning | U.S. Senate 'Clarity Act' Advances, Raising Expectations for a Clear Digital Asset Market Structure

The 'Clarity Act,' which addresses the structure of the U.S. digital asset market, has passed review by the Senate Banking Committee and moved on to the full Senate.

According to Odaily, the U.S. Senate Banking Committee recently approved the 'Digital Asset Market Clarity Act' by a vote of 15 to 9. The bill includes provisions to clarify digital asset classifications, oversight of trading platforms, and market structure rules.

Lawmakers from both parties emphasized the need for a unified regulatory framework for digital assets. Supporters argued that with about 68 million Americans holding related assets and a significant share of trading taking place on offshore platforms, a domestic supervisory framework is necessary.

The bill is being viewed as a key piece of legislation to complement the 'GENIUS Act,' which focuses on stablecoins. If ultimately passed, it could help reduce regulatory uncertainty in the U.S. digital asset market.

According to Odaily, Lookonchain reported net outflows of 3,638 BTC from U.S. Bitcoin ETFs.

Ethereum ETFs also saw 9,603 ETH in outflows, while Solana ETFs recorded net inflows of 2,859 SOL.

Watcher.Guru reported that Mastercard received approval in New York to operate virtual asset and stablecoin payment infrastructure.

The approval is significant in that it gives Mastercard a foundation to expand crypto payment services in New York, one of the most tightly regulated markets in the United States.

According to Odaily, Block-owned Cash App is gradually rolling out stablecoin payment functionality.

The feature supports USDC deposits and withdrawals, transfers between external wallets and Cash App balances, and use as a settlement method for payments. Supported networks are Solana, Ethereum, Polygon, and Arbitrum.

The feature is currently available to about 25% of users, and the company plans to expand it to all users within the week.

Although Block CEO Jack Dorsey has long maintained a Bitcoin-focused stance, the company is reported to have added the feature as demand for stablecoins continues to grow.

According to PANews, citing CoinDesk, DTCC plans to integrate its tokenized securities platform with the Stellar network in the first half of 2027.

Once the integration is completed, tokenized stocks, ETFs, and U.S. Treasuries held by DTCC could be traded on the Stellar network.

DTCC and Stellar also plan to support on-chain issuance, settlement, and lifecycle management of traditional securities, while considering the tokenization of highly liquid assets such as major stock indexes and U.S. Treasuries.

PANews, citing CoinAnk data, reported that total liquidations in the crypto futures market reached $314 million over the past 24 hours.

Long liquidations totaled $273 million, while short liquidations came to $40.9837 million. Bitcoin (BTC) liquidations were recorded at $103 million, and Ethereum (ETH) liquidations at $53.943 million.

Pete Rizzo claimed on X, citing Bloomberg broadcast commentary, that SpaceX has been buying Bitcoin for years and now holds $1.3 billion worth of BTC without having sold any.

He said the holdings were described as a 'strategic reserve asset.' However, there has been no official confirmation from SpaceX.

PANews reported that Robinhood has launched USDC trading services for users in New York State.

According to the report, users in New York can now trade USDC on Robinhood's crypto platform. As New York is known for its strict virtual asset regulations, the move is seen as expanding local users' access to stablecoins.

The 'Transparency Alliance,' led by Blockworks, has launched with participation from more than 40 crypto companies including Coinbase, Kraken, and Binance.US to establish unified token disclosure standards.

According to Odaily, the alliance is based on Blockworks' token transparency framework. Disclosure categories include token issuance structure, internal token allocations, market maker contracts, exchange listing terms, and redemption structures.

Currently, 44 projects including Morpho, Jupiter, Spark, and dYdX have completed registration. The industry views the initiative as laying the groundwork for improved transparency and regulatory alignment sought by institutional investors.

According to Wu Blockchain, synthetic dollar protocol Falcon Finance has launched fUSD, a stablecoin for U.S. dollar settlement, in partnership with Anchorage Digital Bank and Ceffu.

fUSD is issued by Anchorage Digital and applies reserve standards aligned with the U.S. OCC. Falcon Finance currently has a circulating supply of USDf worth $1.58 billion.