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Chris Perkins: Crypto Industry Safe If Clarity Act Isn't Enacted

The US crypto sector is unlikely to lose momentum even if the CLARITY Act, the proposed framework intended to bring sharper regulatory guidance to digital assets, stalls in Congress. That is the view of Chris Perkins, chief executive of 250 Digital Asset Management, who told Cointelegraph’s Chain Reaction podcast that the industry should not hinge on a single bill. Perkins argued that the two key US regulators are already laying down workable frameworks that could outlive any one legislative effort. Perkins pointed to ongoing work by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), particularly the agencies’ joint interpretation issued in March on how federal securities laws apply to crypto assets. He framed this as a crucial step toward real policy certainty, predictability, and a formal taxonomy for digital assets, rather than a political ideal. Key takeaways Regulatory progress in the US is continuing independently of CLARITY A...
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New York Orders Uphold to Pay $5M for Fraudulent Crypto Product

New York Attorney General Letitia James announced a settlement with Uphold, a cryptocurrency trading and wallet platform, over its promotion of CredEarn, a product offered by Cred, LLC and its CEO Daniel Schatt. The agreement secures more than $5 million in restitution to affected Uphold users and imposes ongoing compliance measures on the firm. According to the Attorney General’s office, Uphold marketed CredEarn on its platform and mobile app between January 2019 and October 2020 as a safe, reliable savings product with attractive annual interest payments. Investigators found that Uphold did not disclose that CredEarn’s returns were generated by microloans to low-income video game players in China—borrowers typically lacking credit histories and access to traditional financial institutions. The office also determined that Uphold’s claim of “comprehensive insurance” protecting retail investors was false and not reflective of industry conditions at the time. In addition, Uphold operated...
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Crypto sector reassured as the CLARITY Act fails to pass, Perkins says

The U.S. crypto industry remains buoyant about its longer-term prospects, even as the fate of the CLARITY Act—an effort to codify regulatory clarity for tokens, stablecoins and crypto businesses—hangs in the balance in Congress. In a recent Chain Reaction episode, Chris Perkins, CEO of 250 Digital Asset Management, argued that the sector’s momentum would endure even if lawmakers don’t pass the bill this session. Perkins pointed to ongoing policy work by the two main financial regulators as evidence the path to usable guidance is already being carved out. He cited the ongoing efforts of the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) under their chairs, following the agencies’ joint interpretation released in March on how federal securities laws apply to crypto assets. “If not, we’re going to be just fine,” said Chris Perkins, CEO of 250 Digital Asset Management, on Cointelegraph’s Chain Reaction podcast, noting that the SEC and CFTC a...
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Bitcoin posts strongest April in 12 months

Bitcoin finished April with an 11.87% month, its strongest showing in a year and a potential signal that the market is rethinking the path higher. The gain follows a stretch of volatility and underpins a cautious but constructive mood among traders heading into May. While April’s bounce is notable, it still sits below the long-run average for the month, according to CoinGlass data. As of writing, BTC hovered near $78,190, roughly 38% below its October all-time high near $125,100. The price backdrop keeps investors focused on whether the current momentum can translate into a sustained move toward former highs. The Crypto Fear & Greed Index lingered in the “Fear” territory at 39, indicating a still-cautious crowd weighing the near-term risk/reward. Key takeaways Bitcoin logged an 11.87% rise in April, its best month since April 2025, when it gained 14.08%. April’s performance still underperformed the historical April average of about 12.98%, per CoinGlass. Bitcoin trades around...
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Bitcoin mining equities rise in 2026 as BTC lags behind

Publicly traded Bitcoin miners have posted broad gains in 2026, with the sector’s 10 largest stocks all trading in positive territory year-to-date. The rally spans roughly 5% to more than 85% for the top names, according to data compiled by Bitcoinminingstock.io. Even as Bitcoin and the wider crypto market faced a cautious backdrop, these miners have benefited from improving fundamentals in data-center operations and a shift toward artificial intelligence and high-performance computing (HPC) workloads. Among the leading performers, TeraWulf, Hut 8 Corp, and Riot Platforms have outpaced peers in 2026, delivering year-to-date gains around 85%, 67%, and 46%, respectively. Other significant movers include Core Scientific (~40%) and Applied Digital (~37%). By contrast, Bitdeer Technologies Group has trailed the pack with roughly a 5% rise, while American Bitcoin Corp.—the venture formed by Hut 8 and backed by Eric Trump and Donald Trump Jr.—has slid about 29% on the year. The data underscor...
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CISA Flags Linux Copy Fail Flaw on Watch List, Crypto Infra at Risk

A new Linux vulnerability dubbed “Copy Fail” could impact most open-source distributions released since 2017, security researchers warn. The flaw enables attackers who have already gained code execution on a system to escalate privileges to root, potentially compromising servers, workstations, and services that form the backbone of crypto exchanges, node operators, and custody providers that rely on Linux for security and efficiency. On May 1, 2026, the U.S. Cybersecurity and Infrastructure Security Agency (CISA) added Copy Fail to the Known Exploited Vulnerabilities (KEV) catalog, highlighting its significant risks to federal and enterprise environments. Researchers describe the exploit as shockingly simple in principle: a 732-byte Python script, run after initial access, could grant root privileges on affected systems. In a striking assessment, one security observer called the vulnerability almost trivially exploitable, noting that a minimal piece of Python code could unlock administ...
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Linux Copy Bug: Trivially Exploitable, Impacts Crypto Infrastructure

Security researchers have highlighted a Linux vulnerability nicknamed Copy Fail that could impact a broad swath of open-source distributions released since 2017. The flaw has drawn the attention of U.S. authorities and was added to the Cybersecurity and Infrastructure Security Agency’s Known Exploited Vulnerabilities (KEV) catalog, signaling heightened risk to federal and enterprise systems, including cryptocurrency exchanges, node operators, and custodians that rely on Linux for reliability and performance. At the heart of Copy Fail is a privilege-escalation flaw that, under the right conditions, can grant an attacker root access using a compact Python payload. Researchers emphasize that the exploit requires prior code execution on the target system, but what follows can be executed with astonishing brevity. “10 lines of Python may be all it takes to access root permissions on any affected system,” said one researcher, underscoring how a small foothold can escalate into full control. ...
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