Senate Banking Committee draft of the Digital Asset Market Clarity Act of 2025 (also called the CLARITY Act, H.R. 3633).
Section 604 is the Blockchain Regulatory Certainty Act (BRCA), and Section 605 is the Keep Your Coins Act. These provisions are in Title VI of the bill (focused on developer protections and innovation safeguards).
What Section 604 Actually Does
It creates a safe harbor for “non-controlling” blockchain developers and providers:
A “developer or provider” is anyone who creates or publishes software to facilitate the creation or maintenance of a distributed ledger (or a service associated with one).
A “non-controlling” one is defined as someone who, in the regular course of operations, does not have:
The legal right or unilateral ability to control, initiate upon demand, or effectuate transactions involving digital assets without the approval, consent, or direction of a third party.
Key protections (directly from the text you posted):
Such non-controlling developers/providers shall not be treated as:
A money transmitting business under 31 U.S.C. § 5330 (FinCEN registration).
Engaged in money transmitting under 18 U.S.C. § 1960 (the main federal criminal money transmission statute).
They are also shielded from substantially similar state registration requirements solely on the basis of creating/publishing software, providing hardware/software for self-custody, or providing infrastructure support for a distributed ledger.
Important limitations (the bill is explicit about this):
It does not protect anyone who acts with intent to transfer funds they know are derived from a criminal offense or intended to promote/support unlawful activity (this is subsection (d), which preserves 18 U.S.C. § 1960(b)(1)(C)).
Rules of construction make clear it doesn’t override other federal/state laws based on conduct outside this safe harbor, doesn’t affect intellectual property laws, doesn’t stop states from enforcing consistent laws, and doesn’t create new private causes of action.
In plain English: Writing and publishing open-source blockchain code, building/maintaining non-custodial wallets or self-custody tools, or running nodes/infrastructure — without controlling user funds — is not money transmission. This has been a major source of legal uncertainty and fear for developers for years.
Section 605: Keep Your Coins Act
This explicitly prohibits federal agencies from prohibiting, restricting, or impairing an individual’s ability to use a self-hosted wallet to custody their own digital assets (while preserving all existing authorities to enforce AML, sanctions, fraud, etc.).
Current Status (as of May 12, 2026)
The House passed its version of the CLARITY Act in July 2025 with strong bipartisan support (294-134).
The Senate Banking Committee is holding its markup on this exact draft tomorrow — Thursday, May 14, 2026, at 10:30 a.m. ET.
This is the most advanced comprehensive crypto market-structure bill has ever been in Congress.
Is This a “Massive Win for Ripple & XRP”?
It is a significant positive development for the entire industry, including Ripple and the XRP ecosystem:
The XRP Ledger is designed as a decentralized public blockchain. Ripple develops and publishes open-source software for it, provides tools/infrastructure, and supports validators/nodes — but does not control user funds or unilaterally initiate transactions on the ledger.
This provision directly reduces legal risk for that kind of activity (software publishing, self-custody tools, node operation, etc.).
It benefits any project with truly non-custodial, decentralized architecture (Bitcoin, Ethereum, Solana, XRP, etc.).
The enthusiastic post you shared is directionally correct in substance (this is indeed a major clarity win for open-source developers and self-custody), though the “buried on page 230 of the 309-page bill” framing is typical hype — it’s a prominent, dedicated section (604) in a major bill, not hidden in fine print.
Section 604 is the Blockchain Regulatory Certainty Act (BRCA), and Section 605 is the Keep Your Coins Act. These provisions are in Title VI of the bill (focused on developer protections and innovation safeguards).
What Section 604 Actually Does
It creates a safe harbor for “non-controlling” blockchain developers and providers:
A “developer or provider” is anyone who creates or publishes software to facilitate the creation or maintenance of a distributed ledger (or a service associated with one).
A “non-controlling” one is defined as someone who, in the regular course of operations, does not have:
The legal right or unilateral ability to control, initiate upon demand, or effectuate transactions involving digital assets without the approval, consent, or direction of a third party.
Key protections (directly from the text you posted):
Such non-controlling developers/providers shall not be treated as:
A money transmitting business under 31 U.S.C. § 5330 (FinCEN registration).
Engaged in money transmitting under 18 U.S.C. § 1960 (the main federal criminal money transmission statute).
They are also shielded from substantially similar state registration requirements solely on the basis of creating/publishing software, providing hardware/software for self-custody, or providing infrastructure support for a distributed ledger.
Important limitations (the bill is explicit about this):
It does not protect anyone who acts with intent to transfer funds they know are derived from a criminal offense or intended to promote/support unlawful activity (this is subsection (d), which preserves 18 U.S.C. § 1960(b)(1)(C)).
Rules of construction make clear it doesn’t override other federal/state laws based on conduct outside this safe harbor, doesn’t affect intellectual property laws, doesn’t stop states from enforcing consistent laws, and doesn’t create new private causes of action.
In plain English: Writing and publishing open-source blockchain code, building/maintaining non-custodial wallets or self-custody tools, or running nodes/infrastructure — without controlling user funds — is not money transmission. This has been a major source of legal uncertainty and fear for developers for years.
Section 605: Keep Your Coins Act
This explicitly prohibits federal agencies from prohibiting, restricting, or impairing an individual’s ability to use a self-hosted wallet to custody their own digital assets (while preserving all existing authorities to enforce AML, sanctions, fraud, etc.).
Current Status (as of May 12, 2026)
The House passed its version of the CLARITY Act in July 2025 with strong bipartisan support (294-134).
The Senate Banking Committee is holding its markup on this exact draft tomorrow — Thursday, May 14, 2026, at 10:30 a.m. ET.
This is the most advanced comprehensive crypto market-structure bill has ever been in Congress.
Is This a “Massive Win for Ripple & XRP”?
It is a significant positive development for the entire industry, including Ripple and the XRP ecosystem:
The XRP Ledger is designed as a decentralized public blockchain. Ripple develops and publishes open-source software for it, provides tools/infrastructure, and supports validators/nodes — but does not control user funds or unilaterally initiate transactions on the ledger.
This provision directly reduces legal risk for that kind of activity (software publishing, self-custody tools, node operation, etc.).
It benefits any project with truly non-custodial, decentralized architecture (Bitcoin, Ethereum, Solana, XRP, etc.).
The enthusiastic post you shared is directionally correct in substance (this is indeed a major clarity win for open-source developers and self-custody), though the “buried on page 230 of the 309-page bill” framing is typical hype — it’s a prominent, dedicated section (604) in a major bill, not hidden in fine print.
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BREAKING: Here Are the Five South Carolina Senate RINOs Who Voted to Block Redistricting
Sean Bennett
Chip Campsen
Tom Davis
Greg Hembree
Shane Massey
Get them out.....
https://www.thegatewaypundit.com/2026/05/breaking-here-are-five-south-carolina-senate-rinos/
Sean Bennett
Chip Campsen
Tom Davis
Greg Hembree
Shane Massey
Get them out.....
https://www.thegatewaypundit.com/2026/05/breaking-here-are-five-south-carolina-senate-rinos/
The Gateway Pundit
BREAKING: Here Are the Five South Carolina Senate RINOs Who Voted to Block Redistricting * The Gateway Pundit * by Cristina Laila
The South Carolina Senate on Tuesday rejected the House-passed resolution to extend a legislative session to consider redistricting.
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The Moscow Exchange (MOEX) — Russia’s largest securities exchange — is launching the💱 MOEXXRP 💲 price index today, May 13, 2026, along with new indexes for SOL (MOEXSOL), TRX (MOEXTRX), and BNB (MOEXBNB).
This expands MOEX’s regulated crypto benchmark suite beyond its existing Bitcoin (MOEXBTC) and Ethereum (MOEXETH) indexes.
What exactly is launching?
Official price indexes (not spot trading of the tokens themselves).
Real-time benchmarks updated every 15 seconds during trading hours.
Pricing is aggregated from major global exchanges: 50% Binance + 20% Bybit + 15% OKX + 15% Bitget.
Aimed at professional and institutional investors, giving them standardized, transparent tracking of these assets in a regulated environment.
This is infrastructure-building. Russia is creating domestic crypto benchmarks on its own terms while tightening rules around self-custody and foreign platforms.
Quick context on the bigger picture
Russia has been gradually expanding crypto’s role in its financial system (legal mining, pilots for the digital ruble, interest in crypto for cross-border settlements). Adding these altcoin indexes is another deliberate step — even as they keep tight control over how individuals hold and move assets.
Some reports also indicate cash-settled futures on the SOL, XRP, and TRX indexes could launch as early as May 14 for qualified investors. That would be the next logical layer.
For XRP specifically
This is meaningful institutional-grade recognition. XRP now has an official, regulated price benchmark on one of the world’s major exchanges. It doesn’t mean immediate massive volume or direct retail trading, but it’s another brick in the wall of global legitimacy — especially relevant given XRP’s strengths in fast, low-cost cross-border payments, which aligns with Russia’s interest in alternative settlement rails.
The XRP community on X is already buzzing about it this morning.
Bottom line: It’s a solid, regulated development — not hype, but real infrastructure progress. Russia is clearly comfortable putting XRP (and these other majors) on the map in its financial system.
https://www.ccn.com/news/crypto/russia-crypto-push-moex-adds-sol-xrp-trx-and-bnb-indexes/
This expands MOEX’s regulated crypto benchmark suite beyond its existing Bitcoin (MOEXBTC) and Ethereum (MOEXETH) indexes.
What exactly is launching?
Official price indexes (not spot trading of the tokens themselves).
Real-time benchmarks updated every 15 seconds during trading hours.
Pricing is aggregated from major global exchanges: 50% Binance + 20% Bybit + 15% OKX + 15% Bitget.
Aimed at professional and institutional investors, giving them standardized, transparent tracking of these assets in a regulated environment.
This is infrastructure-building. Russia is creating domestic crypto benchmarks on its own terms while tightening rules around self-custody and foreign platforms.
Quick context on the bigger picture
Russia has been gradually expanding crypto’s role in its financial system (legal mining, pilots for the digital ruble, interest in crypto for cross-border settlements). Adding these altcoin indexes is another deliberate step — even as they keep tight control over how individuals hold and move assets.
Some reports also indicate cash-settled futures on the SOL, XRP, and TRX indexes could launch as early as May 14 for qualified investors. That would be the next logical layer.
For XRP specifically
This is meaningful institutional-grade recognition. XRP now has an official, regulated price benchmark on one of the world’s major exchanges. It doesn’t mean immediate massive volume or direct retail trading, but it’s another brick in the wall of global legitimacy — especially relevant given XRP’s strengths in fast, low-cost cross-border payments, which aligns with Russia’s interest in alternative settlement rails.
The XRP community on X is already buzzing about it this morning.
Bottom line: It’s a solid, regulated development — not hype, but real infrastructure progress. Russia is clearly comfortable putting XRP (and these other majors) on the map in its financial system.
https://www.ccn.com/news/crypto/russia-crypto-push-moex-adds-sol-xrp-trx-and-bnb-indexes/
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UNITED KINGDOM 🇬🇧 King Charles: "My ministers will proceed with the introduction of Digital ID."
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The UK’s Digital ID (sometimes nicknamed “BritCard” in media) is a free, government-issued digital identity credential announced by Prime Minister Keir Starmer in September 2025. It is stored securely on your smartphone in the GOV.UK Wallet (part of or integrated with the GOV.UK One Login app). It is not a physical card and is designed for convenient, consent-based identity verification.
How Does It Look?
It appears as a digital credential inside a mobile wallet app — similar to how you store contactless bank cards, tickets, or use the NHS App.
Key elements it includes:
Your photo (for biometric/facial verification, like a passport or eVisa)
Name
Date of birth
Nationality or residency/immigration status
Cryptographically secured attributes (e.g., verified “right to work” or “proof of age”)
Conceptual/mockup designs (widely shared in coverage) show a clean, modern app interface with:
A prominent circular photo at the top
Your name and key details
Green checkmarks or verified badges for attributes like “Right to work: Permanent” or “Proof of age: Over 18”
Buttons to “Share Identity,” “Share my age,” or regenerate credentials
It can display multiple items together (like a driving licence card alongside identity attributes)
In practice: You open the GOV.UK app/wallet, authenticate with biometrics (Face ID, fingerprint, etc.), and share only the specific information needed via secure methods (QR code, NFC, or encrypted link). It emphasizes data minimisation — e.g., proving you’re over 18 without revealing your exact age or full details.
It is not yet fully rolled out with final screenshots (as of the March 2026 government update and ongoing consultation), but it builds on the existing GOV.UK One Login and expanding GOV.UK Wallet (which already supports the digital Veteran Card and is adding a digital driving licence).
Who Will Use It and For What?
UK citizens and legal residents will use it. It is intended to be widely usable across both government and private sectors.
Main uses include:
Right to work checks — Employers must verify this (this was initially planned as mandatory; after backlash it is framed more around convenience, but employers still need to perform checks and the digital ID is positioned as a key tool).
Accessing government services more easily (benefits/welfare, free childcare applications, tax records, driving licence applications, etc.).
Proving identity to landlords when renting.
Opening bank accounts or other financial services.
Age verification (e.g., buying alcohol — laws are being updated to allow phone-based checks).
Gig economy work and other private sector verifications.
Employers, landlords, banks, government departments, and many private services will accept or use it for verification. The goal is to replace cumbersome paper checks (passports + utility bills, etc.) with one secure digital proof that you control.
It is promoted as "voluntary" for everyday use (you won’t be forced to carry or show it like a physical ID card), but it will become the standard or preferred method for many official checks. There are alternatives for people without smartphones or photo ID.
Key Features and Privacy
Stored only on your device — No central government database of everyone’s digital ID.
User-controlled sharing — You decide what to share and when; data is encrypted.
Setup — Once via GOV.UK One Login (face scan) or in person at a Post Office with documents. Supports accessibility features.
Security — Biometrics, cryptography, and easy revocation if your phone is lost.
Builds on existing systems (GOV.UK One Login already has millions of users) and works alongside certified private-sector digital ID providers under the UK Digital Verification Services Trust .
For the most official details, see the government explainer:
https://www.gov.uk/government/publications/digital-id-scheme-explainer/digital-id-scheme-explainer
How Does It Look?
It appears as a digital credential inside a mobile wallet app — similar to how you store contactless bank cards, tickets, or use the NHS App.
Key elements it includes:
Your photo (for biometric/facial verification, like a passport or eVisa)
Name
Date of birth
Nationality or residency/immigration status
Cryptographically secured attributes (e.g., verified “right to work” or “proof of age”)
Conceptual/mockup designs (widely shared in coverage) show a clean, modern app interface with:
A prominent circular photo at the top
Your name and key details
Green checkmarks or verified badges for attributes like “Right to work: Permanent” or “Proof of age: Over 18”
Buttons to “Share Identity,” “Share my age,” or regenerate credentials
It can display multiple items together (like a driving licence card alongside identity attributes)
In practice: You open the GOV.UK app/wallet, authenticate with biometrics (Face ID, fingerprint, etc.), and share only the specific information needed via secure methods (QR code, NFC, or encrypted link). It emphasizes data minimisation — e.g., proving you’re over 18 without revealing your exact age or full details.
It is not yet fully rolled out with final screenshots (as of the March 2026 government update and ongoing consultation), but it builds on the existing GOV.UK One Login and expanding GOV.UK Wallet (which already supports the digital Veteran Card and is adding a digital driving licence).
Who Will Use It and For What?
UK citizens and legal residents will use it. It is intended to be widely usable across both government and private sectors.
Main uses include:
Right to work checks — Employers must verify this (this was initially planned as mandatory; after backlash it is framed more around convenience, but employers still need to perform checks and the digital ID is positioned as a key tool).
Accessing government services more easily (benefits/welfare, free childcare applications, tax records, driving licence applications, etc.).
Proving identity to landlords when renting.
Opening bank accounts or other financial services.
Age verification (e.g., buying alcohol — laws are being updated to allow phone-based checks).
Gig economy work and other private sector verifications.
Employers, landlords, banks, government departments, and many private services will accept or use it for verification. The goal is to replace cumbersome paper checks (passports + utility bills, etc.) with one secure digital proof that you control.
It is promoted as "voluntary" for everyday use (you won’t be forced to carry or show it like a physical ID card), but it will become the standard or preferred method for many official checks. There are alternatives for people without smartphones or photo ID.
Key Features and Privacy
Stored only on your device — No central government database of everyone’s digital ID.
User-controlled sharing — You decide what to share and when; data is encrypted.
Setup — Once via GOV.UK One Login (face scan) or in person at a Post Office with documents. Supports accessibility features.
Security — Biometrics, cryptography, and easy revocation if your phone is lost.
Builds on existing systems (GOV.UK One Login already has millions of users) and works alongside certified private-sector digital ID providers under the UK Digital Verification Services Trust .
For the most official details, see the government explainer:
https://www.gov.uk/government/publications/digital-id-scheme-explainer/digital-id-scheme-explainer
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YouTube
LIVE: Clarity Act Markup Session
The Senate Banking, Housing, and Urban Affairs Committee meets in executive session to consider the Digital Asset Market Clarity Act of 2025. A committee vote would advance the legislation to the full Senate floor.
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