Lookonchain APP

App Store

U.S. Senator Warns: This Year Is the Final Window to Pass the CLARITY Act

2 hours ago

April 12: U.S. Senator Cynthia Lummis — a leading cryptocurrency advocate — issued an urgent call for Congress to pass the **CLARITY Act** this year, warning the legislative process could be delayed until after 2030 without action. “This is our last chance to pass this bill until at least 2030, and we cannot afford to jeopardize the future of American finance,” Lummis stated. Industry concerns mount that the November midterm elections will shift Congress’ legislative focus, rapidly narrowing the window for the highly anticipated bill to pass in 2024. Former White House AI and cryptocurrency czar David Sacks voiced support, urging the Senate Banking Committee and full Senate to expedite market structure legislation. He predicted the bill would ultimately be signed by Trump. The CLARITY Act aims to clarify regulatory boundaries for crypto assets across federal agencies; the industry widely believes it will unlock U.S. crypto innovation and boost retail investment demand. a16z Crypto General Partner Chris Dixon noted clear rules would benefit “both consumers and entrepreneurs.” Coinbase CEO Brian Armstrong reversed course last Friday, now deeming the timing ripe for legislation — months after withdrawing support for an earlier bill version. Coinbase Chief Legal Officer Paul Grewal revealed the bill may enter the Senate Banking Committee’s revision and review stage, but disputes over stablecoin yields remain a key hurdle. U.S. SEC Chairman Paul Atkins also called on Congress to quickly send a comprehensive market structure bill to Trump’s desk.
Relevant content

The Netherlands' ClearBank Granted License to Operate as Cryptocurrency Service Provider

April 12 — Dutch-based ClearBank has been authorized by the Dutch Authority for the Financial Markets (AFM) to operate as a crypto asset service provider under the EU’s Markets in Crypto-Assets Regulation (MiCA). The firm plans to offer services for the Euro stablecoin EURC and U.S. Dollar stablecoin USDC to enable more efficient cross-border transfers and payments. ClearBank also intends to deepen its partnership with Coinbase, including offering FSCS-protected savings accounts via Coinbase.

9 minutes ago

American musician G.Love loses 5.92 BTC due to malicious Ledger app, funds have been moved to exchange

April 12: Philadelphia musician G.Love said he accidentally downloaded a malicious counterfeit app from the Apple App Store while switching computers and reconfiguring his Ledger crypto wallet—resulting in the theft of roughly 5.92 Bitcoin in a short time. On-chain detective ZachXBT later noted he’d traced the stolen funds’ flow, revealing the assets were routed through a CEX deposit address. ZachXBT also criticized the Apple App Store’s review process, arguing the platform’s allowance of fake apps to be listed exacerbates risks to users’ asset security.

9 minutes ago

Iranian Official: U.S. Should Have Understood That Diplomacy Is Not a Stage for Commanding

April 12 — Ali Nikzad, Deputy Speaker of Iran’s Islamic Consultative Assembly, said Thursday that the U.S. should have learned from the 40-day war that outcomes depend on a country’s people’s will and battlefield advantage, not empty social media rhetoric. He added the U.S. will also grasp that diplomacy is a forum for respect, interaction and embracing reality — not for issuing orders. (CCTV News)

9 minutes ago

Analysis: US-Iran Negotiations Focus on Three Key Sticking Points, with Hormuz Dispute at the Forefront

On April 12, The New York Times reported that current U.S.-Iran negotiations face three key sticking points: the reopening of the Strait of Hormuz, uranium enrichment, and the unfreezing of Iran’s overseas assets. ### Strait of Hormuz Iran has rejected the U.S.-proposed "joint control" plan for the Strait of Hormuz, insisting it retain control of the waterway and claiming the right to charge "transit fees" to passing vessels. Tehran says it will only consider reopening arrangements after a final bilateral peace agreement is reached. By contrast, the U.S. holds a starkly different stance. President Trump said on April 10 that the Strait of Hormuz is international waters, adding the strait will be reopened "soon" regardless of "Iranian cooperation"—and that he will not permit Iran to charge transit fees. ### Nuclear Issue The U.S. is demanding Iran hand over its entire stockpile of near-weapons-grade enriched uranium (roughly 900 pounds). Tehran has offered a counterproposal,

9 minutes ago

Iran Responds to Trump: Blocking Iran Cannot ‘Open’ the Strait of Hormuz

April 12 – Xinhua reported that U.S. President Trump retweeted a social media post on April 12 referencing a "naval blockade" against Iran. Iran’s embassy in Austria responded the same day, noting that a blockade cannot "open" the Strait of Hormuz. "Here’s a simple point for anyone asking: A blockade is a blockade—it doesn’t 'open' the Strait, only restricts it. The only way out of this self-created bind is to keep negotiations open and flexible, and follow reason." Per monitoring from PolyBeats (via https://t.me/PolyBeats_Bot), the probability that the Strait of Hormuz will remain navigable by month’s end has dropped from 35% (before U.S.-Iran talks) to 17% on the prediction market Polymarket.

9 minutes ago

Polymarket Link Briefly Surfaces on Google News, Then Gets Removed; Google Attributes it to Error Push

Reports emerged on April 12 that prediction market Polymarket’s link briefly appeared in Google News search results alongside mainstream outlets like Reuters and The Guardian—only to be quickly removed. A Google spokesperson later clarified the appearance was an “error,” adding the platform will no longer show up in the news box. Previously, when users searched for event-focused prediction queries (e.g., “Will the ship transit the Strait of Hormuz?”), Polymarket’s entry would display directly below traditional news outlets. Both Polymarket and rival Kalshi have recently ramped up media-platform integration efforts. Google partnered with both last year to add their data to Google Finance. Additionally, X (formerly Twitter) announced in June 2023 that Polymarket is its official prediction market partner. Crypto wallets MetaMask and Worldcoin’s World App have also integrated Polymarket’s app.

9 minutes ago