# BSCN Debrief: CLARITY Act Faces Steeper Climb *Democrats' midterm sweep complicates crypto's flagship bill, BlackRock BUIDL hits $157M on Aptos, and the EBA takes direct USDC oversight. Here's what mattered.* By [The BSCN Debrief](https://paragraph.com/@bscnalpha), 2026-11-12 crypto news, bitcoin, newsletter, clarity act, regulation --- [![](https://storage.googleapis.com/papyrus_images/cff0a300a78a38569bed3bc946b80b641bfdc62f3ddb6012c22c9722bdb5a248.png)](https://bscnhive.com/bscninsider) 📲 **Want fast news direct to your inbox?** Join the BSCN Insider club on Telegram for breaking stories and market moves the moment they land. **JOIN NOW:** [bscnhive.com/bscninsider](https://bscnhive.com/bscninsider) Breaking News ------------- [**CLARITY Act Faces Steeper Odds After Democrats Win Both Chambers in Midterms**](https://bsc.news/news/clarity-act-midterms-democrats-lame-duck?utm_source=paragraph&utm_medium=newsletter&utm_campaign=debrief) ![](https://storage.googleapis.com/papyrus_images/c006dd6f16a6bfda34ca12b8e8534643a7380d43779da08dba9dead68fb1d30f.png) The CLARITY Act faces a much narrower path to becoming law after Democrats won control of both chambers of Congress in the November 3 midterm elections, with the bill already struggling in the Senate before voters went to the polls. [**BlackRock BUIDL Fund Holds $157.37 Million on Aptos as Tokenized Assets Reach $191.11 Million**](https://bsc.news/news/blackrock-buidl-aptos-tokenized-fund?utm_source=paragraph&utm_medium=newsletter&utm_campaign=debrief) ![](https://storage.googleapis.com/papyrus_images/f1ee41dc99fc51f6c28033860e8f8b79fe3be74511fd6171039a4a7443b41acf.png) BlackRock's BUIDL fund holds $157.37 million on Aptos according to Nov. 11 figures from RWA(.)xyz, with total distributed asset value on the network reaching $191.11 million. [**EBA Takes Over Direct Supervision of Circle's USDC Stablecoin in EU From November 12**](https://bsc.news/news/eba-usdc-supervision-significant-e-money-token?utm_source=paragraph&utm_medium=newsletter&utm_campaign=debrief) ![](https://storage.googleapis.com/papyrus_images/6e5371b997131b0e720e6634e5cba4f97e4b9c3fc16e1e20ae0029a4d454c8d5.jpg) The European Banking Authority will begin directly supervising Circle's USDC stablecoin in the European Union on Thursday, November 12, under the Markets in Crypto-Assets (MiCA) framework. [**Canton Network Processes Over 5.6 Million Private Transactions in One Week, Peaking at 888,000 Daily**](https://bsc.news/news/canton-network-5-6-million-private-transactions?utm_source=paragraph&utm_medium=newsletter&utm_campaign=debrief) ![](https://storage.googleapis.com/papyrus_images/aa83b7a7f68dac4c3758ba99b922577506b386a7b8b92daa1465199610bec61f.jpg) Canton Network processed more than 5.6 million private transactions over the past week according to network activity data, with daily volumes staying above 800,000 throughout the period. What the Markets Think ---------------------- [**Bitcoin price on November 12**](https://polymarket.com/event/bitcoin-price-on-november-12-2026?via=BSCNews)**:** 71% . Traders are pricing in a 71% chance BTC lands in the $72,000-74,000 range today , matching the cautious tone from yesterday's $299.9M ETF outflows led by BlackRock's IBIT. [**Largest Company end of November 2026**](https://polymarket.com/event/largest-company-end-of-november-2026?via=BSCNews)**:** 90% Apple, 9% NVIDIA . The market sees residual upside from continued GPU demand in data centers for NVIDIA, yet recent cooling in AI spending forecasts have capped its near-term lead. [**Bitcoin Up or Down on November 12**](https://polymarket.com/event/bitcoin-up-or-down-on-november-12-2026?via=BSCNews)**:** 95% for "Down," meaning the Polymarket crowd currently assigns a 95% chance that Bitcoin's price will finish down over this daily window. Aligns with macro headwinds and yesterday's sharp ETF reversal. The Big Story ------------- [**Former CFTC Chair Giancarlo Says US Crypto Can Grow Without CLARITY Act**](https://bsc.news/news/giancarlo-crypto-growth-without-clarity-act?utm_source=paragraph&utm_medium=newsletter&utm_campaign=debrief) ![](https://storage.googleapis.com/papyrus_images/fdad75c1bd6ef92b45eca015d51865794f4e136e2b363cbbf0b9464383c681a9.png) Former Commodity Futures Trading Commission Chairman J. Christopher Giancarlo says US crypto can keep growing without the CLARITY Act, arguing that the SEC and CFTC already have the authority to establish clearer rules for the industry. His comments come after the market-structure bill stalled in the Senate. According to law firm DLA Piper, the Senate failed to advance the Digital Asset Market Clarity Act after it passed the House in July 2025 by a vote of 279-136. The path forward now depends on whether regulators use existing authority or whether Congress revisits the legislation in 2027 under a changed political landscape, as [fourteen House and Senate races remain uncalled](https://bsc.news/news/clarity-act-incoming-congress-crypto-lawmakers-2027?utm_source=paragraph&utm_medium=newsletter&utm_campaign=debrief). Top Stories ----------- [**Nomura Holdings Explores Sale of Crypto Unit Laser Digital, With Marex Group Among Potential Buyers**](https://bsc.news/news/nomura-laser-digital-sale-marex?utm_source=paragraph&utm_medium=newsletter&utm_campaign=debrief) ![](https://storage.googleapis.com/papyrus_images/2872b314249bfa1661a535d14d8b27e22f99f282df4269b2baabe30a0456a655.png) Nomura Holdings, Japan's largest securities firm, is exploring a sale of its crypto business, Laser Digital Holdings AG, following losses at the Zurich-based entity last year that pushed the brokerage's entire European operation into the red according to Bloomberg. Nomura is talking to potential buyers including Marex Group Ltd., which is evaluating the deal, with no final decision made and Nomura retaining the option to keep the unit. [**Pyth Network Becomes Authorized NYSE Equities Data Distributor via NYSE BQT Feed**](https://bsc.news/news/pyth-network-nyse-market-data-distributor?utm_source=paragraph&utm_medium=newsletter&utm_campaign=debrief) ![](https://storage.googleapis.com/papyrus_images/bdb9d25f2c9a228671da62fcade6170c97d4f2f12bef635ffc6f9f53c11c7391.jpg) Oracle network Pyth Network has become an authorized distributor of equities market data from the New York Stock Exchange, with the data intended for use in on-chain DeFi applications, tokenized securities, and other blockchain-based financial products. The partnership gives DeFi protocols access to real-time Wall Street pricing through a decentralized oracle infrastructure, bridging the gap between traditional equity markets and on-chain finance. [**Apex Group Joins Hedera Council, Bringing $3.5 Trillion in Serviced Assets to HBAR Network Governance**](https://bsc.news/news/apex-group-hedera-council-tokenization?utm_source=paragraph&utm_medium=newsletter&utm_campaign=debrief) ![](https://storage.googleapis.com/papyrus_images/c1cec483f143080c87cc9cd8a7a907c4e64880e69bcb40c9e3a26418c1c6487f.jpg) Apex Group Ltd., a global financial services provider, has joined the Hedera Council, the body that governs the Hedera public network, according to the company's November 11, 2026 press release announcing the move. Apex Group serves more than $3.5 trillion in assets globally and brings experience in fund administration, digital asset custody, and institutional infrastructure to the council. Deep Dive of the Week --------------------- [**Where Should You Start In The Monad App Ecosystem?**](https://bsc.news/post/monad-app-ecosystem-guide?utm_source=paragraph&utm_medium=newsletter&utm_campaign=debrief) ![](https://storage.googleapis.com/papyrus_images/d1acfbfdd9d6e8f798648440fd06a7dc4ef6afd36abb241e8077d5965ba57fc3.webp) To find your way around Monad, start with its official app portal. Then use four types of apps in this order: a decentralized exchange (DEX) to swap tokens, a liquid staking app to earn yield on MON, a lending market, and finally newer apps such as perpetual futures and tokenized stocks. This guide maps the entry points and progression through Monad's emerging application layer. By the Numbers -------------- **$1.52:** Polkadot's income over the past week, a seven-day high according to data from @chainspect\_app, working out to about $0.22 a day in fee capture on the network's relay chain. **5.2 billion:** Transactions the Internet Computer has processed in 13 days according to DFINITY, an average of over 400 million per day marking a record for the network. **11.5 million:** Posts on X that targeted $XRP users with fake rewards and airdrop promises over the past 30 days, according to an analysis by XRP Ledger Foundation community director Hussein Zangana. **41%:** The circulating supply of $SEI, the native token of Sei Network, that is now staked on the network and earning rewards according to Staking Rewards data, equating to about 3.2 billion tokens. **343,500:** XRP wallets holding at least 10,000 tokens according to on-chain analytics firm Santiment, even as the price of $XRP has dropped sharply in recent weeks. **$220 million:** The value of real-world asset vaults on Plume Network in Q3, with the network closing the quarter with more than $1 billion in total assets minted and nOPAL passing $100 million. On Our Radar ------------ **NEAR post-quantum mobile:** NEAR Mobile has released an update that brings post-quantum vaults to users' phones, extending quantum-resistant account security to mobile self-custody on the NEAR network using ML-DSA signatures. **Backpack Japan push:** Backpack has signed a memorandum of understanding with Minna Bank, the digital banking arm of Fukuoka Financial Group, one of Japan's largest regional banking groups, to explore how traditional digital banking can work alongside on-chain crypto assets. **Pearl Coinbase debut:** Coinbase will open spot and perpetual futures trading for $PEARL on Friday, November 13, at or after 12:00 UTC according to an announcement from its listings account, with the token rising 9% on the news. **Russian exchange trading:** Crypto trading could begin on Russian exchanges as early as November 22, 2026, according to the Bank of Russia as relayed by state news agency TASS. _Until tomorrow._ --- *Originally published on [The BSCN Debrief](https://paragraph.com/@bscnalpha/bscn-debrief-clarity-act-faces-steeper-climb)*