White House to Speak with Law Enforcement Groups to Push the Clarity Act | CoinDesk Daily

— New York Life Investment Management launching its first tokenized fund on blockchain—an $807 billion asset manager bringing a U.S. high-yield corporate bond strategy to Centrifuge; real-world asset (RWA) market now exceeds $30 billion with projections to reach $5.5 trillion by 2030.

— White House convening law enforcement groups to resolve objections to the Clarity Act (market structure bill); central dispute over developer liability exemptions, with sheriffs arguing the provision would shield cryptocurrency mixers and tumblers from anti-money-laundering enforcement.

— Senate Majority Leader John Thune planning to bring the Clarity Act to a floor vote in coming weeks; bill requires 60 votes to pass.

— JPMorgan expanding Kinexus blockchain payments platform with five new currencies (Japanese yen, Chinese renminbi, Hong Kong dollar, and two others), enabling 24/7 institutional settlement and eliminating traditional cross-border banking delays.

— Kinexus has processed over $4 trillion in transactions to date with daily volume exceeding $7 billion.

— Institutional adoption of blockchain infrastructure is accelerating: major financial institutions (New York Life, JPMorgan, Citi) are deploying real-world asset tokenization and cross-border settlement solutions. Monitor RWA market growth and custody/platform providers for exposure to this trend.

— Regulatory clarity remains contingent on legislative compromise. The Clarity Act's passage is uncertain despite leadership support; watch Senate voting dynamics and law enforcement objections to gauge the timeline and final scope of developer liability protections.