CLARITY Act set for Senate floor vote next week as crypto regulation advances

The CLARITY Act is expected to reach a Senate floor vote next week, marking a critical step toward comprehensive U.S. digital asset regulation. South Korea unveiled a won-stablecoin roadmap and a $900 billion blockchain bond pilot, while Franklin Templeton expanded its $1.5B tokenized BENJI fund to BNB Chain. In DeFi, Allbridge Core suffered a $1.65M flash-loan exploit on Solana, Robinhood Chain mainnet went live, and XRP Ledger stablecoin supply approached $1 billion.

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CLARITY Act Senate floor vote expected next week, former CFTC commissioner says Former CFTC commissioner Brian Quintenz predicted the CLARITY Act will get a Senate floor vote next week, advancing a comprehensive market structure bill that includes stablecoin yield compromises. The legislation would provide a federal framework for digital assets and could reshape U.S. crypto regulation. 1

South Korea unveils won stablecoin roadmap and $900B blockchain bond pilot South Korea announced a pilot program for its $900 billion bond market using blockchain technology, along with a legal framework for won-backed stablecoins and foreign exchange reforms. The initiative signals a major step toward integrating digital assets into traditional Asian finance. 2 3

Franklin Templeton expands $1.5B BENJI fund to BNB Chain, now largest network Franklin Templeton has added BNB Chain to its BENJI tokenized money market fund, which now holds 61.7% of the $1.5 billion in assets, overtaking Stellar. The expansion underscores growing institutional demand for multi-chain tokenized finance. 4 5

Allbridge Core exploited for $1.65M via flash-loan attack on Solana, protocol paused Allbridge Core’s Solana deployment was drained of about $1.65 million through a flash-loan price manipulation, forcing the team to pause the cross-chain stablecoin bridge. The same exploit technique was used against Allbridge in 2023. 6

Robinhood Crypto launches Robinhood Chain mainnet for real-world assets Robinhood Crypto’s AI-native Robinhood Chain mainnet is live, designed to bring tokenized real-world assets on-chain and expand its crypto ecosystem beyond trading. The launch leverages Robinhood’s large user base to boost blockchain adoption. 7

XRP Ledger stablecoin supply nears $1B as RLUSD drives growth The total stablecoin supply on the XRP Ledger reached approximately $980 million, closing in on the $1 billion milestone, with Ripple USD (RLUSD) accounting for about 90% of the supply. The growth highlights XRPL’s increasing use for stablecoin payments and DeFi. 3 8