# #964 - Industry Rallies Behind CLARITY Act, Circle Launches cirBTC, LlamaRisk Aave Risk Framework *Over 60 crypto founders urge the Senate to preserve CLARITY Act developer protections, Circle debuts cirBTC, and LlamaRisk proposes an Aave risk framework.* By [ETH Daily](https://ethdaily.io) ยท 2026-06-10 news, june2026, 2026 --- Quick Take ---------- * CLARITY Act developer protections. * Circle launches cirBTC on Ethereum. * Octant introduces a ZK Vote Coprocessor. * LlamaRisk proposes an Aave risk framework. * * * Advertise --------- [![](https://storage.googleapis.com/papyrus_images/451cc866a3d850b22fc8dd1db907f94a08090ffffe29963d21a2257b4abacfe7.png)](https://ethdaily.io/ads) The trusted Ethereum news briefing since 2022, reaching 6,000+ audio subscribers, 4,000+ newsletter subscribers, and 26k+ combined social followers. Want to reach the ETH Daily audience? Learn more at [ethdaily.io/ads](https://ethdaily.io/ads). * * * Industry Unites Behind CLARITY Act Developer Protections -------------------------------------------------------- More than 60 crypto founders and CEOs signed a joint letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, urging passage of the [CLARITY Act](https://ethdaily.io/senate-banking-committee-passes-clarity-act-15-9) with its developer protections intact. The letter specifically advocates for Section 604, the Blockchain Regulatory Certainty Act, arguing that without the BRCA, market structure legislation will fail to give developers the legal certainty they need to build and maintain open-source software. Signatories include the heads of Coinbase, Uniswap, Aave, Hyperliquid, Morpho, a16z crypto, Paradigm, and Dragonfly. [Read more](https://ethdaily.io/industry-unites-behind-clarity-act-developer-protections) Circle Launches cirBTC On Ethereum ---------------------------------- Circle launched cirBTC, a wrapped Bitcoin token on Ethereum backed 1:1 by native BTC held at a regulated Circle entity and segregated from corporate assets, with reserves verifiable on-chain through Chainlink Proof of Reserve. The token targets institutional users seeking BTC collateral across lending markets, OTC workflows, market making, and treasury operations. cirBTC competes directly with Coinbase's cbBTC. [Read more](https://ethdaily.io/circle-launches-cirbtc) Octant Introduces ZK Vote Coprocessor ------------------------------------- Octant introduced its ZK Vote Coprocessor, a system that runs trustless quadratic funding tallying onchain without a privileged admin, built on [Succinct's SP1 zkVM](https://ethdaily.io/706). Voters sign gasless EIP-712 ballots and submit them to a sequencer. When a round closes, all ballots are posted to Ethereum as a blob, and the zkVM verifies signatures, removes duplicate votes, enforces per-voter budgets, and computes the quadratic funding allocation, with the resulting proof checked by a TallyVerifier contract. Once verified, results are recorded permanently and distributions become claimable without further action from Octant. [Read more](https://ethdaily.io/octant-introduces-zk-vote-coprocessor) LlamaRisk Proposes Aave Risk Framework -------------------------------------- LlamaRisk, an Aave DAO service provider, [proposed](https://governance.aave.com/t/arfc-aave-risk-framework/25114) a risk framework to govern every asset listed across [Aave V3](https://ethdaily.io/aave-fully-restores-weth-markets), [V4](https://ethdaily.io/chainlink-svr-goes-live-on-aave-v4), and Aave Horizon. The framework covers onboarding, monitoring, bridging, and chain-level risk across four layers: Asset Risk for onboarding requirements, audit standards, and quarterly due diligence; Bridging Risk for verifier minimums, rate limits, and 24/7 incident response; Automated Monitoring featuring Chainlink CRE-powered freeze guardians and cap oracles; and Chain Risk for deployment gating based on consensus, decentralization, and maturity. [Read more](https://ethdaily.io/llamarisk-proposes-aave-risk-framework) Other News ---------- * WalletConnect Pay [supports](https://x.com/WalletConnect/status/2064331996831302011) ETH * Morpho [raises](https://x.com/Morpho/status/2064317262547525718) $175m * Aave [available](https://x.com/aave/status/2064351301060685858) to institutional users * frxUSD ReserveLink [on Aave](https://x.com/fraxfinance/status/2064412251428180109) * [Neocypherpunk Summit](https://x.com/dod_berlin/status/2064011526999085329) on 14 June * Covered Vaults [live on](https://x.com/OpenCover/status/2064337685050003920) Superform * Modern [AML framework](https://x.com/coincenter/status/2064387604611498390) * Ethena [partners](https://x.com/centrifuge/status/2064362666576183354) with Centrifuge * * * Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created --- *Originally published on [ETH Daily](https://ethdaily.io/964)*