[News Brief] Apr 22, morning | U.S. Senate Banking Committee Advances CLARITY Act, a Crypto Market Structure Bill

U.S. Senate Banking Committee Advances CLARITY Act, a Crypto Market Structure Bill

Odaily reported that the U.S. Senate Banking Committee advanced the CLARITY Act, a crypto market structure bill, by a vote of 15 in favor and 9 against.

The bill seeks to establish a comprehensive federal regulatory framework for the digital asset industry, and Democratic Senators Ruben Gallego and Angela Alsobrooks also supported it.

However, TD Cowen raised its estimate of the bill’s passage probability from around one-third to 40%, while noting that substantive disagreements still remain. The bill had previously been delayed amid controversy over stablecoin revenue sharing, conflicts of interest, and ethics provisions.

Benchmark analysts also said that the current support is not enough to guarantee final passage in the Senate.

Israel Preparing to Resume Military Operations Against Iran

According to Odaily, on the night of the 15th local time, a senior Israeli official said Israel is preparing to resume military operations against Iran.

The official said the operations could last from several days to several weeks, adding that “the United States understands that negotiations with Iran are not making progress.”

He also said Israel is preparing for a prolonged conflict and is awaiting President Trump’s final decision. He added that more clarity on the situation is expected within the next 24 hours.

U.S. Spot XRP ETFs See Daily Net Inflow of $10.8661 Million

Odaily, citing SoSoValue data, reported that U.S. spot XRP ETFs recorded net inflows of $10.8661 million on the 15th (U.S. Eastern Time).

The product with the largest net inflow was the Bitwise XRP ETF, which attracted $6.8953 million in a single day. Its cumulative net inflow has reached $460 million.

The Grayscale XRP Trust ETF posted a daily net inflow of $1.6677 million, bringing its cumulative net inflow to $129 million.

As of the time of reporting, total net assets of U.S. spot XRP ETFs stood at $1.184 billion, with XRP net assets accounting for 1.33%. Cumulative net inflows totaled $1.385 billion.

Grayscale and VanEck Submit Amended Filings for BNB ETFs

Source: Wu Blockchain

According to Bloomberg ETF analyst James Seyffart, Grayscale submitted its second amended S-1 filing for a spot BNB ETF.

VanEck also submitted the fifth amended prospectus for its BNB ETF on the same day. Canary Capital filed its first amendment for a staking TRX/Tron ETF, while T. Rowe Price submitted a fourth amendment for an actively managed crypto ETF.

Amended filings typically reflect SEC feedback and indicate that the review process for multiple crypto ETF applications in the United States is still ongoing.

BlackRock Withdraws 1,768 BTC From Coinbase

Odaily, citing Onchain Lens, reported that BlackRock withdrew 1,768 BTC from Coinbase five hours earlier.

The withdrawal was worth about $140.3 million. A large movement of funds out of an exchange is often interpreted as a possible transfer to a custody or asset management wallet for institutional purposes.

Four Wallets Withdraw 89,026 ETH From FalconX and Kraken

PANews, citing Onchain Lens monitoring, reported that four wallets withdrew 89,026 ETH from FalconX and Kraken.

The withdrawal was worth about $197.85 million. Large ETH outflows from exchanges or brokerages can be interpreted as a sign of easing short-term selling pressure, although the owners of the wallets and the purpose of the withdrawals have not been confirmed.

Lombard to Migrate Over $1 Billion in Bitcoin-Backed Assets to Chainlink CCIP

According to Odaily, DeFi protocol Lombard will gradually stop using LayerZero and migrate more than $1 billion in bitcoin-backed assets to Chainlink’s Cross-Chain Interoperability Protocol (CCIP).

Lombard’s bitcoin-related tokens are LBTC and BTC.b. The first chains included in the migration are Solana, Etherlink, Berachain, Corn, and TAC, while LayerZero usage will also be discontinued on Morph and Swell.

Security concerns around cross-chain infrastructure have intensified following the $292 million hack of Kelp DAO’s LayerZero bridge. Kelp DAO, Solv Protocol, Re, and Kraken have also taken similar migration steps, with the total amount of related departing assets estimated at around $4 billion.

Abu Dhabi Sovereign Wealth Fund Mubadala Buys More BlackRock Bitcoin ETF

Bitcoin Magazine reported that Abu Dhabi sovereign wealth fund Mubadala bought additional shares of BlackRock’s bitcoin ETF, bringing its holdings to more than $565 million.

Mubadala is one of the Middle East’s major sovereign wealth funds, and the additional purchase is seen as another example of growing institutional investment in spot bitcoin ETFs.

CME and NYSE Call for Stronger Oversight of Hyperliquid

According to Odaily, CME and the New York Stock Exchange called for stronger oversight of Hyperliquid, citing concerns over possible market manipulation and sanctions evasion.

Hyperliquid Policy Center responded to Bloomberg’s report by saying that the on-chain perpetual futures market is more transparent and efficient and should be addressed within a regulatory framework.

THORChain said its Asgard vault was breached, resulting in losses of about $10.7 million, though users’ cross-chain transactions are not currently affected.

Elsewhere, President Trump said China had not purchased Nvidia’s H200 chips. Strategy announced a $1.5 billion convertible note repurchase, and Bit Digital said it held more than 155,000 ETH as of the first quarter.

U.S. House Lawmakers Urge Trump to Nominate Full CFTC Commission

CoinDesk reported that key U.S. House lawmakers urged President Trump to nominate a full slate of commissioners to the Commodity Futures Trading Commission (CFTC).

House Agriculture Committee Chairman Glenn Thompson and Representative Angie Craig said four new commissioners should be nominated, with two Republicans and two Democrats. The CFTC is currently in the unusual position of having only one commissioner, Chairman Mike Selig.

The lawmakers argued that a full five-member commission would better serve the public interest. The CFTC has emerged as a key regulator in discussions over the CLARITY Act and the drafting of new crypto market structure rules.