Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, Polymarket odds of the CLARITY Act becoming law this year fell to 16% as key Democrats challenged Republicans’ final text ahead of the Senate vote. 18 state attorneys general urged senators to reject the CLARITY Act ahead of Tuesday’s procedural vote, while new EU cybersecurity rules put crypto wallet providers on a 24-hour reporting clock for severe vulnerabilities.

Odds of the CLARITY Act becoming law this year on Polymarket fell sharply again on Monday after spiking the day before, as key Senate Democrats reportedly said they had not been swayed by Republicans’ “final” crypto bill proposal.  

Polymarket traders initially saw a newly revised Republican proposal with expanded ethics provisions as a positive sign, sending the odds to 35%. However, their confidence was dashed as reservations about the revised text began mounting, with the odds falling back as low as 16% on Monday. 

US Senator Mark Warner, one of the Democrats involved in negotiations, reportedly said the revised ethics provision was not “near enough,” while Democrats involved in negotiations began preparing a counterproposal on Monday. 

Republicans need 60 votes to advance the bill, and failure on Tuesday could stall legislation that would determine how the US Securities and Exchange Commission and Commodity Futures Trading Commission divide oversight of the US crypto market.

A bipartisan group of 18 state attorneys general is urging senators to reject the CLARITY Act ahead of Tuesday’s procedural vote, arguing that the latest version would weaken states’ ability to police the crypto industry.

The coalition, led by New York Attorney General Letitia James, said provisions in the bill could restrict state enforcement against crypto companies accused of fraud and other misconduct. The opposition comes as Senate Republicans released what they called the final draft, which includes 126 substantive changes Democrats requested.

The revised bill also includes tougher ethics rules after President Donald Trump agreed to about 80% of a bipartisan proposal from Senators Thom Tillis and Ruben Gallego. Officials with significant financial interests in crypto issuers could be required to divest or place those holdings in a blind trust, while state attorneys general would gain a role in enforcing the ethics provisions.

The CLARITY Act would establish a federal market structure for digital assets and divide oversight between the SEC and CFTC. Tuesday’s cloture vote requires 60 votes and would determine whether the legislation advances to Senate debate.

The EU is telling cryptocurrency hardware and software wallet providers that they have 24 hours from awareness to report actively exploited bugs or severe security vulnerabilities affecting their products.

The measure is part of the EU’s Cyber Resilience Act (CRA), which took effect on Friday, according to an announcement from the European Commission.

Manufacturers must submit an early warning for severe vulnerabilities within 24 hours, followed by a full notification within 72 hours. A final report will be required 14 days after corrective or mitigating measures are available and within one month for severe incidents.

The European Commission said the new reporting requirements aim to better protect consumers and businesses from cyber threats. The measure extends to all products “with digital elements made available in the EU” and builds on the EU’s broader cybersecurity strategy.

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