Autor Cointelegraph By Ciaran Lyons

The US crypto industry’s momentum won’t be derailed in the long term even if the much-anticipated CLARITY Act, aimed at bringing more regulatory clarity to the crypto industry, doesn’t make it through Congress, according to 250 Digital Asset Management CEO Chris Perkins.“If not, we’re going to be just fine,” Perkins said on Cointelegraph’s Chain Reaction podcast on Friday, emphasizing that the two major financial regulators are already building workable frameworks.Perkins pointed to ongoing efforts by US Securities and Exchange Commission (SEC) Chair Paul Atkins and Commodities and Futures Trading Commission (CFTC) Chair Michael Selig, following the agencies’ joint interpretation released in March on how federal securities laws apply to crypto assets.Being labeled a security was once a “death sentence” for crypto “These guys are creating policy and precedent every single day, and they are giving us the one thing we’ve needed for a very long time, that certainty, that stability, and ultimately, a taxonomy,” Perkins said.“In the past, being a security was a death sentence; there was nowhere to go with it, and it just didn’t reconcile…now it is awesome to be a security,” he said. During the Joe Biden administration, under former SEC chair Gary Gensler, crypto tokens classified as securities typically faced enforcement action, delistings from major platforms, and had no clear pathway for compliance in the US market.Chris Perkins spoke to Cointelegraph journalist Ciaran Lyons on Chain Reaction on Friday. Source: CointelegraphWhile Perkins said he’s not worried about the industry’s long-term outlook if the CLARITY Act doesn’t pass, he added that if it does become law, it would make it much harder for future administrations to roll back the regulatory clarity.“What you’ve done is you’ve essentially enshrined policy for a very long time, as hard as it is to pass a law, it is even harder to unwind a law,” Perkins said. “There is a reason why we say it takes an act of Congress to do something,” he added.CLARITY Act hopes riseMany industry participants have raised expectations that the CLARITY Act could pass soon after the publication of new stablecoin yield provisions on Friday.Related: Riot posts $167M in Q1 revenue as data center arm pulls in $33M in first quarter“It’s time to get CLARITY done,” Coinbase chief legal officer Faryar Shirzad said in an X post on Friday, after US Senator Thom Tillis and US Senator Angela Alsobrooks published the final text aimed at settling the stablecoin yield dispute between the banking and crypto industries.US Senator Bernie Moreno recently said that he anticipates the CLARITY Act to “get done” by the end of May. On April 11, US Senator Cynthia Lummis said, “It’s now or never.”Magazine: AI-driven hacks could kill DeFi — unless projects act nowCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Bitcoin has posted its best-performing month in a year, prompting analysts to forecast what could lie ahead for May, which has historically delivered returns of about 8%.“Long way to go back to ATHs, but good to see some green,” Coin Bureau founder Nic Puckrin said in an X post on Friday, referring to Bitcoin’s (BTC) performance during the month of April, which saw a monthly return of 11.87%. It marked Bitcoin’s best-performing month since April 2025, when it returned 14.08%. However, it still came in slightly below its historical April average of 12.98%, according to CoinGlass.Bitcoin has historically delivered an average return of 7.78% in May. Source: CoinGlass“April is done. May is here. After 5 consecutive red monthly candles, Bitcoin has now closed 2 in the green, causing some relief in the market,” crypto trader Daan Crypto Trades said in an X post on Friday.Market participants hold the belief that history repeatsMarket participants often compare current monthly performance with previous months and look ahead, as many believe Bitcoin’s history tends to repeat itself.Bitcoin is trading at $78,190, about 38% down from its October all-time high of $125,100, according to CoinMarketCap. Crypto analyst Jelle said, “We hit the ground running again next week.”Bitcoin started April at around $66,000. Source: CoinMarketCapMarket participants appear uncertain about the crypto market, according to the Crypto Fear & Greed Index, which posted a “Fear” reading of 39 on Friday, suggesting investors are still cautious.Bitcoin analysts are divided on what comes nextAnalysts are divided on Bitcoin’s near-term outlook. Crypto analytics firm CryptoQuant warned that Bitcoin could be setting up for a multi-month price decline after a rally in April driven mainly by futures traders.Related: Bitcoin rally extends, yet BTC options price only 25% chance of $84K in MayOthers are more bullish. MN Trading Capital founder Michael van de Poppe recently said that Bitcoin may not need a new story or catalyst to push back above the psychological $100,000 level, which it has not traded above in nearly five months. “There doesn’t need to be a narrative that pushes the price upwards,” van de Poppe said in an X post on Friday, after asking, “What narrative will bring Bitcoin to $100K?”The last time Bitcoin traded at $100,000 was Nov. 13, just a month after the Oct. 10 $19 billion crypto market liquidation event.Magazine: Why is Ethereum Foundation selling? BTC futures warning signs: Market MovesCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

A newly discovered vulnerability could affect most open-source major Linux distributions released since 2017, according to security researchers. The flaw, titled “Copy Fail,” caught the attention of the US Cybersecurity and Infrastructure Agency (CISA), who added it to the Known Exploited Vulnerabilities (KEV) catalog on Saturday, warning it poses “significant risks to the federal enterprise.”“10 lines of Python” may be all it takes: ResearcherThe vulnerability can allow attackers to gain root access across a wide range of Linux systems using a 732-byte Python script, though it requires prior code execution on the system to escalate privileges.Researcher Miguel Angel Duran said that it only requires “10 lines of Python” to access root permissions on any affected system.“This Linux vulnerability is insane,” Duran said.Linux is a widely used operating system by cryptocurrency exchanges, blockchain nodes and custodial services, due to its security and efficiency, meaning the vulnerability could potentially pose risks to the sector if attackers gain initial access.Exploit was initially reported in March Xint Code said in an X post on Saturday that the flaw “is a trivially exploitable logic bug in Linux, reachable on all major distros released in the last 9 years.”“A small, portable python script gets root on all platforms,” Xint Code said. Cybersecurity firm Theori CEO Brian Pak said in an X post on Saturday that he reported the vulnerability “privately” to the Linux kernel security team on March 23. “We worked with them on patches, which landed in mainline on April 1. CVE assigned April 22. We disclosed publicly on April 29 with a full write-up and PoC,” Pak said. Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Bitcoin may not need a new story or catalyst to push back above the psychological $100,000 level, which it has not traded above in nearly five months, according to MN Trading Capital founder Michael van de Poppe.‘“There doesn’t need to be a narrative that pushes the price upwards,” van de Poppe said in an X post on Friday, after asking, “What narrative will bring Bitcoin to $100K?”“Price moves upwards, and the narrative will create itself,” van de Poppe said, adding:“That’s why simply using math, statistics, and logic is required in order to succeed, and that’s why these regions on Bitcoin are still good for accumulation.”Van de Poppe pointed out that attention has rotated elsewhere in the technology industry, with AI and other sectors “taking the spotlight” away from Bitcoin in recent months. At the time of market close on Friday, the stock price of Nvidia (NVDA), the largest AI stock by market capitalization, is up 5.08% since Jan. 1, while Bitcoin (BTC) is down around 10% over the same period.Bitcoin hasn’t traded above $100,000 in almost five monthsThe last time Bitcoin traded at $100,000 was Nov. 13, just a month after the Oct. 10 $19 billion crypto market liquidation event, which many market participants attributed to the recent five-month downtrend. Bitcoin fell to a yearly low of $60,000 in February and has since recovered to $78,250 at the time of publication, according to CoinMarketCap. Bitcoin is up 14.49% over the past 30 days. Source: CoinMarketCapMany crypto market participants still believe that Bitcoin needs a strong narrative to drive its price higher. In recent times, attention has centered on US Federal Reserve interest rate decisions, regulatory developments in the US, and spot Bitcoin exchange-traded fund (ETF) inflows as potential catalysts.Some also point to the potential passage of the US CLARITY Act, which aims to provide clearer rules for the industry, as a possible driver of Bitcoin’s upside.Some say the CLARITY Act will not boost Bitcoin’s priceOthers are not so sure. Veteran trader Peter Brandt told Cointelegraph in December that the CLARITY Act would be a positive step for the industry, but is unlikely to act as a major catalyst for upward movement in Bitcoin’s price.Related: Repeated Bitcoin profit taking near $77K suggests rally is losing steam“Is it a world-shaking macro development? Nope. Needed for sure, but not something that should redefine value,” Brandt said.Coinbase chief legal officer Faryar Shirzad said on Friday that “It’s time” for the CLARITY Act to be finalized after new stablecoin yield provisions were published on Friday.Meanwhile, White House crypto advisor Patrick Witt said at the Bitcoin Conference in Las Vegas this week that a “big announcement” on US President Donald Trump’s Bitcoin reserve is coming within weeks.Magazine: AI-driven hacks could kill DeFi — unless projects act nowCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

The US CLARITY Act, which aims to provide the US crypto industry with more regulatory clarity, could now move closer to becoming law after new stablecoin yield provisions were published, according to Coinbase chief legal officer Faryar Shirzad.“It’s time to get CLARITY done,” Shirzad said in an X post on Friday, after US Senator Thom Tillis and US Senator Angela Alsobrooks published the final text aimed at settling the stablecoin yield dispute between the banking and crypto industries, which has centered on whether such yields would harm the banking system’s competitiveness.“In the end, the banks were able to get more restrictions on rewards, but we protected what matters – the ability for Americans to earn rewards, based on real usage of crypto platforms and networks,” Shirzad said. Extract of the “SEC 404. Prohibiting interest and yield on payment stablecoins” document. Source: Alex ThornThe text titled “SEC 404. Prohibiting interest and yield on payment stablecoins” states that no crypto firm may pay “any form of interest or yield” to customers solely for holding stablecoins, akin to a bank deposit or any similar interest-bearing product. Source: Patrick WittHowever, it allows firms to offer rewards tied to “bona fide activities.” Some industry executives voiced frustration with the ruling. Helius Labs CEO Mert Mumtaz said, “The clarity of not getting risk-free yield on your dollars without using a bank.”Polymarket traders anticipate 55% odds of CLARITY passing in 2026It marks a significant step forward for both the legislation and the broader crypto industry, as the stablecoin yield debate had been one of the main roadblocks delaying its passage, despite expectations earlier this year that it would move through Congress.Source: Toly Yakovenko“Now that this issue is behind us, it’s time to focus on the broader bill,” Shirzad said.Traders on the Polymarket crypto prediction market now see a 55% chance of the CLARITY Act being signed into law in 2026, up 9% over the past 24 hours.Many in the industry are now calling for the bill to be marked up. Coinbase CEO Brian Armstrong said shortly after the announcement, “Mark it up.”Senate Banking Committee could schedule markup “imminently”Galaxy Digital head of firmwide research Alex Thorn said the “release of text suggests that Senate Banking will schedule markup imminently, as soon as the week of May 11.”Related: Spot Bitcoin ETF outflows top $490M: Is BTC’s rally losing momentum?However, Thorn warned that he expects “the banks to increase their opposition efforts.”US Senator Bernie Moreno recently said that he anticipates the CLARITY Act to “get done” by the end of May. On April 11, US Senator Cynthia Lummis said, “It’s now or never.”Magazine: Why is Ethereum Foundation selling? BTC futures warning signs: Market MovesCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.