[U.S. Senate Fails to Advance Digital Asset Market Clarity Act] The U.S. Senate failed to advance the Digital Asset Market Clarity Act, a bill aimed at establishing legal classifications for crypto tokens, issuing licenses for trading institutions, and delineating regulatory authority between the SEC and CFTC. With midterm elections approaching, there is no path to revive the bill before the end of the year. Senate Banking Committee's Subcommittee on Digital Assets Chair Cynthia Lummis and Thom Tillis will step down. Goldman Sachs and BlackRock had supported the bill. (Source: CoinDesk)

The US Senate has recently failed to push forward the 635 page Clarity Act, which aims to establish a regulatory framework for the structure of digital asset markets, classify encrypted tokens legally, set licensing requirements for trading related companies, and divide the regulatory powers of the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC).

Visa data shows a surge in the application of stablecoins in the commercial payment field, with approximately 17% of stablecoin related card transactions coming from commercial and enterprise card projects so far in the 2026 fiscal year. Visa has supported over 160 stablecoin associated card projects, with a year-on-year increase of nearly 200% in related payment transaction volume. Payment has become the fastest-growing application scenario for stablecoins, with an estimated annual payment scale of between 401 billion and 527 billion US dollars, of which B2B payments account for 43% in cross-border transactions.

The payment volume of Visa stablecoin associated card projects has increased by nearly 200% year-on-year, and currently supports over 160 consumer, corporate, and commercial card projects. From fiscal year 2026 to present, approximately 17% of stablecoin related card transactions have come from corporate and commercial card projects. Mark Nelsen, Global Head of Product, Business, and Money Flow Solutions at Visa, stated that businesses are seeking reliable and trustworthy ways to transfer funds, and stablecoins are increasingly appearing in commercial applications such as supplier payments, treasury operations, and cross-border commerce. Payment is the fastest growing use case for stablecoins, with an estimated annual payment volume of 401 billion to 527 billion US dollars, of which service fees, salaries, and supplier payments are 56 billion, 43 billion, and 28 billion US dollars, respectively. B2B cross-border payments account for 43%.

The Arbitrarum Security Committee temporarily blocked the activation of new Stylus contracts on the Arbitrarum One and Nova networks at 07:30 (UTC+8) on October 3rd. This restriction applies to programs and application updates that require new activation. Activated Stylus applications will continue to run, while regular Solidity contract deployment and execution will not be affected. Arbitrum officials stated that this preventive measure stems from the threat of WebAssembly program attacks against non-standard Stylus compiler toolchains. Currently, no risk of fund theft has been found, and the main concerns are on chain activity and denial of service (DoS) attacks.