Ripple CEO Brad Garlinghouse said US lawmakers are nearing a breakthrough on the long-awaited ‘CLARITY Act,' arguing that momentum is building for a vote that could finally deliver clearer rules for the digital asset industry after years of policy gridlock. Speaking on April 13 ET at the Semafor World Economy event, Garlinghouse framed the current negotiations as reaching the point where compromise becomes unavoidable.
A wave of forced liquidations swept through crypto markets on Tuesday as traders who had bet against Bitcoin and Ether were caught off guard by a sharp price surge tied to hopes of a US-Iran agreement. Related Reading: Dollar's Shrinking Value Adds Fuel To XRP Bull Case: Finance Expert Around 80% of the $530 million in total liquidations over 24 hours — roughly $425 million — came from leveraged short positions in the two largest cryptocurrencies.
Ethereum price rose over 9% on Tuesday amid a broader market rally fueled by renewed hopes of a more stable U.S.-Iran ceasefire soon. According to data from crypto.news, Ethereum (ETH) price rose 9.