Crypto Shake-Up: Industry Rejects Clarity Act as Revolut Pins Hopes on Trump’s Deregulation for US Banking Breakthrough

Introduction: A Pivotal Week for Crypto Governance and Expansion

In the fast-paced world of cryptocurrency and blockchain, governance decisions can make or break industry growth. This week brought major shifts: that could reshape digital asset rules, while fintech giant Revolut eyes a smoother path into the US market thanks to expected lighter regulations. These developments highlight the tension between innovation and oversight, with big implications for blockchain projects, exchanges, and investors.

From stalled legislation to strategic banking moves, here’s a deep dive into the key stories driving crypto governance this week. We’ll explore what they mean for the future of decentralized finance (DeFi), stablecoins, and global crypto adoption.

Revolut Ditches Merger Plans, Bets Big on Standalone US Banking License

UK fintech powerhouse Revolut is accelerating its US ambitions by dropping plans to buy or merge with an existing American bank. Instead, the company is going straight for a standalone banking license. This shift aims to fast-track entry into the lucrative US market without the headaches of legacy operations.

Earlier strategies involved snapping up a US lender for quick access to a charter. But challenges like mandatory physical branches and tangled approvals proved too much. Now, Revolut is negotiating directly with the Office of the Comptroller of the Currency (OCC) for a de novo license—a fresh banking approval from scratch.

The timing couldn’t be better. With a pro-business administration in place, many expect faster approvals and less red tape. Trump’s deregulatory approach could slash the usual multi-year wait times, giving Revolut a green light to offer full banking services alongside its crypto trading features.

• Why it matters for crypto: Revolut already serves millions with crypto buys, sells, and staking. A US license means seamless fiat-crypto ramps, boosting adoption in the world’s biggest economy.
• Blockchain angle: This move underscores how traditional finance is blending with Web3, potentially paving the way for more hybrid platforms.

Investors are watching closely—success here could inspire other crypto-friendly firms to follow suit, expanding blockchain’s reach into everyday banking.

Crypto Heavyweights Back Away from Clarity Act: A Bill in Jeopardy

Once a beacon of hope for clear rules, the Clarity Act now faces fierce pushback from the US crypto industry it was meant to help. The bill, which passed the House, aimed to define regulatory roles for digital assets and end turf wars between agencies like the SEC and CFTC.

But support crumbled when Coinbase CEO Brian Armstrong pulled his backing. This led to the cancellation of a key Senate committee review, stalling the legislation amid election distractions.

At the heart of the revolt: controversial clauses capping stablecoin rewards and limiting tokenized stocks. Crypto advocates argue these would choke innovation, while traditional banks push for stablecoin interest limits to safeguard their deposits. The divide pits blockchain innovators against Wall Street incumbents.

The bill’s uncertain fate reveals deep rifts. Crypto firms want freedom to innovate; lawmakers grapple with election-year politics. A delay might mean more SEC crackdowns, pushing projects offshore—but it also opens doors for better-tailored reforms under a crypto-friendly White House.

Pro tip for blockchain enthusiasts: Monitor stablecoin rules closely. Tether (USDT) and USDC dominate, and any caps could spark a rush to decentralized alternatives like DAI.

Governance Lessons from Broader Markets: Proxy Fights and Board Shake-Ups

While crypto steals headlines, traditional governance battles offer blueprints for blockchain projects facing activist investors or DAO disputes.

Shipping Sector Proxy War: Diana vs. Genco

Global shipper Diana Shipping, holding 14.8% of rival Genco, launched a takeover bid at $20.60 per share—a premium offer rejected by Genco’s board. Now, Diana plans a full board overhaul, nominating six experts in shipping, finance, and governance to force strategic changes like mergers.

Genco counters that its board is solid and Diana’s bid undervalues it, even floating a reverse takeover. This clash shows how shareholders can pressure for value unlocks—lessons for crypto tokens with concentrated holders.

Delaware Court Backs Founder Control at Moelis & Co

The Delaware Supreme Court dismissed a shareholder suit against a 2014 agreement granting founder Ken Moelis broad board powers. Filed too late, the challenge highlighted tensions over director independence.

Recent law changes affirm such agreements, limiting fallout. For crypto: Think founder-controlled protocols like early Bitcoin—balancing vision with decentralization is key to avoiding legal pitfalls.

Activist Wins at Workspace Group and Elliott’s Hypersonic Bet

Flexible office firm Workspace saw its CEO step down under pressure from 13.5% holder Saba Capital, which wants a company wind-down amid losses. New CEO Charlie Green steps in to rebuild occupancy and returns.

Meanwhile, Elliott Investment poured cash into hypersonic firm Stratolaunch, gaining board seats. This defense-tech play amid rising private hypersonic investments mirrors VC bets in blockchain scalability tech.

Global Listings Shift: AstraZeneca’s NYSE Move

British pharma AstraZeneca is ditching Nasdaq ADSs for direct NYSE listings of ordinary shares. Effective February 2 under ticker AZN, this simplifies global trading across LSE, Nasdaq Stockholm, and NYSE.

The change boosts accessibility—a trend crypto exchanges could emulate for tokenized stocks, easing cross-border blockchain trading.

What This Means for Crypto and Blockchain Investors

This week’s news paints a bullish picture for crypto under deregulation: Revolut’s US push signals mainstream integration, while Clarity Act woes might yield pro-innovation tweaks. Governance fights remind DAOs to formalize structures early.

Key takeaways:

• Regulatory optimism: Trump’s light touch could greenlight more crypto banks and licenses.
• Industry unity needed: Crypto must align to avoid anti-innovation rules.
• Governance evolution: From proxy battles to court wins, strong shareholder pacts protect founders—vital for Web3.

Stay ahead: Watch Senate moves on Clarity, Revolut’s OCC talks, and how these ripple to Bitcoin, Ethereum, and DeFi yields. The blockchain revolution thrives on clear rules and bold expansions.

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