Lumeis: Clarity Act not passed or leads to developers being sued for publishing code

United Texas Bank has transformed from a chartered bank in Texas to a nationwide bank approved by the Office of the Controller of the Currency, positioned as an institution connecting global cryptocurrency companies with the US banking system. The bank stated that it currently clears approximately $10 billion in monthly USD trading volume and has launched the 24/7 AI driven payment network UTB Atomic, which is paired with the compliance platform UTB Prism Sentinel and supports 24/7 encrypted liquidity and digital asset related rules.

The Cash App under Block now supports users to send and receive USDC stablecoins issued by Circle on Ethereum, Solana, Polygon, and Arbitrarum. Transfers are free of charge, and the received USDC will be automatically converted into USD balance. This feature is currently not open to customers in New York State, and users need to complete identity verification and be subject to transaction limits.

Jefferies predicts that there will be an IPO boom in the cryptocurrency and blockchain fields within the next two years, and predicts that the industry may become a $1 trillion public market within five years. （CoinDesk）

[The main force of Binance BTC has posted tens of millions of orders, which have lasted for over an hour] A $10M+ order has remained on Binance for over an hour—intentions might not be straightforward.

According to Bitcoin News on the X platform, Senator Lummis stated that if the Clarity Act is not passed in this Congress, American software developers may face another lawsuit for publishing code.