Crypto prices took an expected breather last week, but developments on the regulatory and TradFi adoption side continued to roll in.

• On Wednesday, the U.S. Senate confirmed Kevin Warsh as the next Federal Reserve chair. Some crypto investors hope Warsh’s appointment will usher in an era of accommodative monetary policy, marked by interest rate cuts and an expansion of the money supply, which could encourage spending by businesses and consumers.

• After a bipartisan markup, the CLARITY Act moved out of the Senate Banking Committee with a 15-9 vote and is now awaiting a full Senate vote.

• The U.S.-Iran peace talks stalled while U.S. President Donald Trump was in China on a state visit. Prior to the trip, Trump had rejected Iran’s…