Key takeaways: Senate Banking Committee Chair Tim Scott says bipartisan support for the CLARITY Act is now in place, with stablecoin yield rules still the central sticking point. Scott argues the bill's prospects ultimately hinge on the crypto industry uniting behind it. As the U.S. crypto sector awaits progress on the long-anticipated CLARITY Act, Senate Banking Committee Chairman Tim Scott said the legislation is approaching final passage. He said the market structure measure now has support from Republicans and Democrats, adding that the White House is aligned. "We now have Republicans and Democrats working together. The White House agrees as well. I am very optimistic about where we are," Scott said. Scott cautioned that one major ingredient remains: broad buy-in from the crypto industry. He said the bill could be finalized as early as Easter. If enacted, the CLARITY Act would represent a major step in U.S. crypto regulation by establishing clearer legal lines for the sector. The proposal seeks to differentiate digital commodities such as Bitcoin and Ethereum from securities and would grant the Commodity Futures Trading Commission (CFTC) explicit authority over those assets. The CLARITY Act passed the House of Representatives last year with broad support, raising expectations for swift approval. The measure later slowed in the Senate amid prolonged debate over key provisions, notably stablecoin regulation and yield-related rules. Stablecoin yield provisions drew strong pushback from the banking industry, which warned they could undermine banks by pulling investor funds into crypto products. Crypto executives countered that yield programs are important for industry growth. Scott said the White House and Senate have recently reached agreement on that provision. With the next markup meeting scheduled for April 13, market participants increasingly expect the bill to clear the Senate. Even after the White House-Senate agreement, major crypto firms are still scrutinizing the final language and voicing concerns. Coinbase has publicly objected, with CEO Brian Armstrong saying the company "can't support the bill as written." Scott said talks continue among major stakeholders, including Coinbase. "I spoke with Coinbase. Everyone is still at the table…Work to be done," he said. Scott framed the CLARITY Act as broader than a crypto-specific measure, arguing it is important to maintaining U.S. economic strength globally. The post CLARITY Act Nears Finish Line, but Industry Support Remains Key, Says Tim Scott appeared first on The Coin Republic.

Ripple CEO Brad Garlinghouse said the company is on pace for its strongest first quarter, driven by merger-and-acquisition activity. He noted Ripple has invested about $4 billion into the broader crypto ecosystem, including $1.25 billion for the acquisition of Hidden Road and roughly $1 billion to acquire GTreasury. Garlinghouse also said progress on U.S. digital-asset legislation has moved more slowly than anticipated. The CLARITY bill, originally expected in April, may now be pushed back to May. He urged policymakers to keep regulation from becoming overly politicized, arguing that clearer rules are needed to support industry growth.

Morgan Stanley intends to set a 0.14% (14-basis-point) expense ratio for its proposed spot Bitcoin ETF, according to a revised filing with the U.S. Securities and Exchange Commission (SEC) cited by CoinDesk. If the fund wins approval, it would undercut current pricing across the segment. Fees for spot Bitcoin ETFs generally run about 15 to 25 basis points, with the lowest currently offered by the Grayscale Bitcoin Mini Trust ETF at 0.15%. Larger offerings, including BlackRock's iShares Bitcoin Trust (IBIT), charge 25 basis points.

PANews, March 28 — CoinDesk reports that Morgan Stanley has outlined pricing for its proposed spot Bitcoin ETF. An amended filing with the U.S. Securities and Exchange Commission (SEC) lists an expense ratio of 0.14% (14 basis points). If the product is approved, it would undercut all existing spot Bitcoin ETFs on fees. Industry pricing generally sits between 15 and 25 basis points. Grayscale's Bitcoin Mini Trust ETF currently offers the lowest fee at 0.15%, while larger products such as BlackRock's iShares Bitcoin Trust (IBIT) charge 25 basis points.

Morgan Stanley has set pricing for its proposed spot Bitcoin ETF, according to CoinDesk, as cited by ChainCatcher. An amended filing submitted to the U.S. Securities and Exchange Commission (SEC) shows the fund would carry a 0.14% expense ratio, or 14 basis points. If approved, it would become the cheapest spot Bitcoin ETF on the market. Fees across competing products generally run between 15 and 25 basis points. Grayscale's Bitcoin Mini Trust ETF currently posts the lowest published fee at 0.15%, while larger offerings such as BlackRock's iShares Bitcoin Trust (IBIT) charge 25 basis points.

Ripple CEO Brad Garlinghouse said the company is on pace for its strongest first quarter, helped by dealmaking activity. He noted that about $4 billion has been invested into the crypto ecosystem in 2025, including Ripple's $1.25 billion acquisition of Hidden Road and roughly $1 billion allocated to GTreasury. Garlinghouse also said U.S. digital-asset legislation is moving more slowly than expected. The CLARITY Act, initially targeted for April, may be pushed back to May. He urged policymakers to keep excessive political influence out of regulatory decisions to protect the industry's long-term growth. (The Block)

A transfer of 218,800,000 USDC, valued at US$218,835,555, was recorded from an unidentified wallet to another unidentified wallet.

Morgan Stanley's spot Bitcoin ETF could be close to debuting, according to Bloomberg ETF analyst Eric Balchunas. He pointed to an official New York Stock Exchange listing notice for the product, trading under the ticker $MSBT, as a sign the launch may be imminent. Source: DLNews

Ethereum (ETH) is flashing mixed signals, keeping traders on edge as volatility feeds on itself. A 5% one-day drop on March 26 marked ETH's weakest daily close since the West Asian conflict began. Buyers failed to retake the $2.2k area, putting the $2k level back under pressure and cementing a bearish technical picture. The next day, leverage unwound sharply. CoinGlass data shows roughly $112 million in daily liquidations, with more than 90% tied to long positions. It was the largest long squeeze in nearly ten days, underscoring how quickly resistance can cascade into forced selling. Stress also showed up on-chain. Lookonchain reported an early Ethereum holder unstaking after four years and selling 7,302 ETH at $2,073. Over the same period, the validator exit queue surged from 288 to 63k in less than a week, a sign more validators are moving to withdraw staked ETH as caution rises. One trader's activity captures the current risk appetite. Lookonchain said machibigbrother's ETH longs were fully liquidated again. After depositing 500k USDC three days earlier, a string of liquidations left $138k, bringing total losses to $30.75 million. He then opened a new 25x long on 1,600 ETH, worth about $3.33 million. Exchange data adds a conflicting signal. CryptoQuant shows ETH held on exchanges has fallen to a 10-year low, the smallest amount since 2016. Net withdrawals have remained steady, including $1.67 billion pulled from exchanges on March 22. AMBCrypto describes the setup as classic deleveraging: leveraged traders intensify short-term swings, while declining exchange supply points to longer-term scarcity. If liquidation-driven selling cools and liquidity stabilizes, reduced exchange balances could give bulls room to regain momentum, with $2.5k emerging as a key upside target. Final Summary A 5% pullback, rising validator exits, and heavy long liquidations are reinforcing Ethereum's technical weakness and risk-off sentiment. At the same time, exchange balances are at a 10-year low, potentially clearing excess leverage and leaving a path for ETH to rebound toward $2.5k once selling pressure eases.