This negotiation over the government conflict-of-interest piece had delayed progress on the Clarity Act for months — now potentially beyond the window in which it could most easily become law in 2026. This week’s release of the final working draft of Clarity included the first ethics language openly circulated, so Democrats are now responding — […]
White House crypto adviser Patrick Witt responded to Thune’s remarks in an interview with CoinDesk on Thursday, arguing that the first week in August should still be open for potential Senate action. Witt said he was “perplexed” by Thune’s sentiment and that he’s “slightly more optimistic,” though he agreed that the bill is unlikely to […]
The U.S. Securities and Exchange Commission (SEC) agreed to pay $150,000 to settle a federal Freedom of Information Act (FOIA) lawsuit over its investigations into Ethereum, according to a joint status report filed July 22. History Associates Inc. and the SEC asked the U.S. District Court for the District of Columbia to dismiss the case […]
Bond markets are already reacting. The U.S. two-year Treasury yield jumped to 4.31%, its highest level since February 2025, while the benchmark 10-year yield rose to 4.66%, the highest since May, according to TradingView data. Higher yields raise the opportunity cost of holding non-yielding assets such as bitcoin and gold, often prompting investors to rotate […]
The U.S. Securities and Exchange Commission (SEC) has signaled that one of decentralized finance’s fast-growing sectors could face greater regulatory scrutiny. In a statement Wednesday, Commissioner Hester Peirce said crypto vaults and onchain lending strategies may fall under federal securities laws depending on how they are structured and managed. While many crypto activities lie outside […]
A crypto lobbying organization has sued the state of Illinois over a last-minute tax provision inserted into the state budget last month. The Digital Chamber alleged that Illinois’ Digital Asset Tax Act violated both the U.S. and state constitutions and is preempted by a federal tax law. The lawsuit, filed Tuesday, asks a federal judge […]
Russia’s State Duma passed legislation establishing the country’s first comprehensive framework for regulating cryptocurrencies with most of the new rules set to take effect on Sept. 1. The law creates a legal framework for crypto exchanges, depositories and other digital asset providers, while setting rules for who can buy crypto and under what conditions, Russia’s […]
Crypto wallet firm Exodus Movement (EXOD) will cut about 25% of its global workforce as it reshapes its business around stablecoin payments and card infrastructure. The Omaha, Nebraska-based company said in a filing the layoffs are part of a broader effort to lower costs while supporting its strategy of building a full-stack payments platform. The […]
It adds new capabilities to Plutus, the platform developers use to write Cardano’s smart contracts, unifying the built-in functions available across the platform’s three versions so older applications gain newer features. The upgrade also tightens several of the ledger’s validation rules, including one guaranteeing that no two stake pools can reuse the same cryptographic identity […]
A year on, the rules aren’t quite ready for implementation, but we have a much clearer idea as to how the regulators are thinking about stablecoins and where they’re likely to land on those rules. In an emailed statement, Crypto Council for Innovation CEO Ji Hun Kim called the passage of the bill “a landmark […]
Michael Saylor, executive chairman and co-founder of Strategy, has come out swinging against a new proposal to clean up Bitcoin’s ‘spam,’ arguing that it could fundamentally alter how the world’s largest blockchain operates. The Bitcoin Improvement Proposal (BIP) 110, aimed at temporarily restricting arbitrary data to focus on the core monetary functions, is a threat […]
France’s gambling regulator, the Autorité Nationale des Jeux (ANJ), ordered internet service providers to block Polymarket on July 16, treating the prediction market as an illegal gambling site rather than a financial trading venue. The ANJ said earlier restrictions had failed to keep French users off the platform. Polymarket drew 578,751 visits from 205,057 unique […]