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the long-awaited digital asset regulatory bill, the CLARITY Act, has hit a snag in its advancement. Senate Majority Leader John Thune stated that the Senate is not expected to pass the bill before the August recess.The CLARITY Act aims to establish a clearer regulatory framework for digital assets, promoting the integration of blockchain and crypto assets into the mainstream financial system. Previously, the bill had undergone multiple rounds of negotiations between the crypto industry and opposing forces, such as the banking sector, and was once considered close to passage.However, recent controversy surrounding conflicts of interest related to President Donald Trump and his family's involvement in crypto projects has emerged as a new obstacle. Democrats are demanding the inclusion of ethical clauses in the bill that would restrict government officials from profiting from crypto transactions, a stance Republicans have previously opposed. Prediction market data indicates that the probability of the CLARITY Act passing this year has significantly declined. Polymarket data shows that as of Friday, the probability stood at approximately 37%, well below the over 80% level seen earlier this spring.Crypto policy organizations and industry insiders believe the current delay is largely influenced by the political dynamics of the U.S. midterm elections. Ron Hammond, Head of Policy and Advocacy at Wintermute, stated that the votes to support the bill may still exist, but "election politics are louder." He suggested that a window for advancing the bill could still emerge after the November elections.Analysts point out that if Congress needs to prioritize major issues such as government funding and national defense before the end of its current term, the CLARITY Act could be further marginalized. As the U.S. political landscape may shift following the midterm elections, the outlook for crypto regulatory legislation remains highly uncertain. (Fortune)
OdailyOdailyOdaily News: The Wisconsin Election Commission has stated that residents who purchase contracts related to a specific election on Kalshi or Polymarket may lose their eligibility to vote in that same election. The Commission also noted that knowingly voting without being eligible could constitute a Class I felony. The Commission unanimously approved a legal memorandum regarding prediction markets during a meeting on July 9, and issued a statewide notice on Tuesday. The restrictions apply only to the corresponding election and do not automatically affect a trader's voting eligibility in other unrelated elections. Benjamin Freeman, Head of Election Business at Kalshi, stated that the guidance is "clearly unconstitutional and unlawful," adding that the company has hundreds of thousands of users in Wisconsin alone. Robert DeNault, Head of Enforcement and Legal Counsel at Kalshi, said that election markets certified by the CFTC and offered on federally regulated exchanges are legal. A spokesperson for Polymarket stated that the company would respond to the Commission's claims through appropriate legal proceedings. Both companies argue that their products are tradable financial contracts, not gambling.
Odaily Odaily News Crypto derivatives platform BitMEX is facing a proposed class action lawsuit, with BKX Services Inc. and David Namdar filing a complaint in the U.S. District Court for the Southern District of New York. The plaintiffs allege they incurred combined losses of 622.66 BTC from forced liquidations on BitMEX, with BKX claiming losses of at least 305.81 BTC and Namdar claiming losses exceeding 316.85 BTC. The complaint alleges that BitMEX's internal trading desk had access to customers' private information and could continue trading during periods when the server was frozen and regular users were unable to access or close positions. The plaintiffs further claim that BitMEX allowed customers to use leverage of up to 100x and would automatically liquidate positions when the collateral value was still twice the loss amount, with the remaining BTC entering the platform's insurance fund. The plaintiffs are seeking the return of the allegedly withheld Bitcoin, as well as compensatory and punitive damages. They intend to represent U.S. customers who purchased BTC swap products since July 23, 2018. On the same day the lawsuit was filed, BitMEX announced that following a strategic review by its owner, HDR Global Trading, it will cease providing services on September 23, has already stopped accepting new registrations, and plans to prohibit users from opening new positions starting August 26.
According to Cointelegraph, US Senate Republicans released the draft text of the "Digital Asset Market Transparency Act" (CLARITY Act) on Wednesday, which includes ethical clauses prohibiting all federal officials (including President Trump) from issuing or sponsoring digital assets. Democratic Senator Ruben Gallego strongly criticized this, calling the draft "not a serious effort," and stated he would collaborate with Republican Senator Thom Tillis and others to propose a counter-proposal. Republican Senator Bernie Moreno maintained that the draft contains "the strongest ethical language in US history."
Driven by the profit surge from the AI boom and the impact of U.S. tariff policies, South Korean companies are launching their largest wave of U.S. investment and M&A in recent years. According to data from the South Korean Ministry of Economy and Finance, the actual foreign direct investment (FDI) by South Korean companies in the U.S. in the first quarter of this year more than doubled year-on-year to $10.2 billion, hitting a five-year high. Companies benefiting from the AI infrastructure boom, such as Samsung Electronics and SK Hynix, are accelerating their布局 in the U.S. AI supply chain. Samsung has already participated in funding rounds for ZutaCore, a company specializing in AI data center liquid cooling, and Groq, an AI chip company. Meanwhile, SK Hynix plans to invest $10 billion in U.S. innovative enterprises. Investment bankers believe that with Chinese buyers exiting the M&A market for large-scale U.S. tech assets, South Korean companies are entering a "golden period" for U.S. M&A. (Financial Times)
U.S. Democratic Senator Ruben Gallego stated that he will work with Republicans to propose a counter-proposal regarding the ethics clause in the Digital Asset Market Clarity Act (CLARITY Act) that has been recognized by the White House. He stated that the draft published this week is “not a serious proposal.” U.S. Senate Republicans released the proposed text of the CLARITY Act on Wednesday, including an ethics clause that prohibits all U.S. federal officials, including U.S. President Donald Trump, from issuing or sponsoring any digital assets. Democrats believe the relevant ethics provision is insufficient. Republican Senator Bernie Moreno denied that the clause was weak, stating that the draft contains “the most powerful ethical language in American history.” Gallego stated that he will work with Senator Thom Tillis and other Republicans to advance a counter-proposal and submit new text for the clause.
据 Decrypt 报道，高盛董事长兼 CEO 大卫·所罗门公开表态支持加密货币市场结构法案（Clarity Act），称其有助于"建立公平竞争环境、提升市场稳定性并推动创新"。此举与摩根大通 CEO 杰米·戴蒙及多家银行业协会的立场明显相左——后者强烈反对法案中允许稳定币提供收益的条款，认为此举将吸走传统银行存款。 目前，参议院共和党人正在流传最新法案草案，新增了限制总统及其家人参与加密业务的伦理条款，但该限制将于 2029 年到期且不适用于特朗普之子，遭民主党批评力度不足。法案能否在八月休会前完成参议院投票，前景仍不明朗。
据 CriptoNoticias 报道，阿根廷政府正筹备一项由经济部长 Federico Sturzenegger 主导起草的去监管法案，核心内容包括：允许共同基金（FCI）将资产配置于加密货币，并允许虚拟资产作为抵押品用于受监管市场的贷款。 在监管分工上，国家证券委员会（CNV）将负责合法性与技术偿付能力审查，中央银行则成为加密货币及代币化资产基础设施的专属监管机构。法案还明确授权股票、债券等传统证券通过加密网络发行、存储与交易，引入"加密时间戳"机制赋予交易法律效力。
据 Decrypt 报道，巴西巴拉那州 Fazenda Engenho Velho 农场以 10 头奶牛为抵押，完成首笔在巴西证券交易所（B3）正式登记的代币化牲畜融资交易，贷款金额为 10 万雷亚尔（约 1.94 万美元）。每头奶牛通过农业科技公司 Cowmed 的 AI 传感器项圈采集健康、行为及位置数据，生成唯一加密数字身份，并以哈希方式写入信贷合约，全程无需实地农场核查。 该模式旨在解决银行对牲畜抵押普遍打折高达 60%的问题。背景方面，巴西农业破产申请 2025 年达 1990 件，较 2023 年的 534 件增长近四倍，农业信贷危机持续加剧。Cowmed 目前监控六国逾 10 万头奶牛，预计两年内将其中 20%（约 7760 万美元）纳入代币化抵押体系，并计划在 2026 年底前通过该模式撬动约 97 万美元信贷规模。
HMRC has recovered over £8 million in tax from 502 crypto investors through tax settlements. These settlements were completed via HMRC’s crypto asset disclosure facility, which allows holders to declare unpaid taxes before a formal investigation is launched. HM Treasury aims to collect £315 million in crypto tax revenue from an estimated 7 million crypto asset holders by 2030. (Coin Bureau)
: On Monday, the São Paulo Consumer Protection Office filed a lawsuit against Tools for Humanity, the company behind World, and its hosting service provider Amazon AWS, accusing them of abusive practices in the collection of consumer biometric data in São Paulo. The lawsuit estimates that over 400,000 people participated in World's promotions in São Paulo. It demands the preservation of all data and metadata related to the data collection and the suspension of any payments or benefits associated with biometric data collection before the assessment is completed. The lawsuit seeks a ruling that the related activities constitute abuse and demands payment of 240 million Brazilian reais, approximately $47 million, to compensate for individual consumer losses. The prosecution alleges that World continued to issue crypto rewards through in-app transactions after the National Data Protection Authority ordered it to stop in February 2025. A report from the Iris Parliamentary Committee of Inquiry stated that World concentrated its promotions in peripheral and high-traffic areas to attract people facing socioeconomic issues to submit biometric data in exchange for crypto rewards. The prosecution also claims that consumers were not informed about the economic purpose of the project or the risks associated with processing and storing data on AWS servers.
Cryptocurrency exchange Gemini has donated approximately $10 million worth of Bitcoin to MAGA Inc., a super PAC supporting former US President Donald Trump. According to a report filed with the US Federal Election Commission (FEC), Gemini co-founders Cameron Winklevoss and Tyler Winklevoss completed the donations in two installments on June 19, each worth over $5 million. This donation occurred about three weeks after the CFTC and Gemini jointly filed a motion with the US District Court for the Southern District of New York, seeking to vacate the $5 million settlement agreement reached in January 2025. The settlement stemmed from the CFTC's earlier allegations that Gemini had made false or misleading statements. MAGA Inc. can use these funds to support independent political expenditures for Donald Trump. Previously, the Winklevoss brothers each donated $1 million to Donald Trump's 2024 campaign and contributed $21 million worth of Bitcoin to the Digital Freedom Fund PAC to support the crypto policy direction of the Trump administration. Currently, the court has not yet ruled on the motion to vacate the settlement between the CFTC and Gemini. Meanwhile, CFTC Chairman Michael Selig remains the sole commissioner of the agency. As of June 30, MAGA Inc. has reported receiving over $397 million in funds.
Zhibao Technology, a Nasdaq-listed digital insurance products company, announced it has signed a non-binding term sheet with Joyertech and Information OPC. The company plans to sell shares through a PIPE financing, receiving approximately 3,500 Bitcoins as consideration, valued at around $220 million at current prices. The transaction remains subject to final valuation, custody arrangements, audit verification, regulatory review, Nasdaq compliance, and the signing of a definitive agreement. According to the term sheet, upon the closing of the PIPE financing, the buyer is expected to designate a majority of the members of Zhibao's Board of Directors, while the existing management team will continue to be responsible for day-to-day operations. On July 15, Zhibao disclosed that it had received a deficiency notice from Nasdaq because its stock price had fallen below $1.00 per share. The company has 180 calendar days, until January 6, 2027, to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share.
: Crypto derivatives exchange BitMEX has announced it will shut down, with trading scheduled to conclude on September 23. Founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, BitMEX made the decision after a strategic review by its parent company, HDR Global Trading. BitMEX played a pioneering role in making perpetual contracts a key product in digital asset derivatives trading. Data from CryptoQuant shows that its Bitcoin futures daily trading volume began to decline around May 2021 and has failed to recover to its peak daily range of $1 billion to $5 billion seen in 2020. Restructuring advisor Roshan Dharia stated that mid-tier centralized exchanges face structural pressures, with liquidity increasingly concentrating on larger platforms and compliance costs rising. He noted that the top five platforms are currently estimated to control 80% of global spot trading volume, while mid-tier and regional exchanges are seeing narrowing profit margins and lack clear paths to scale. According to CoinGecko data, BitMEX ranked ninth among derivatives exchanges in August 2023, holding a 0.9% market share. By 2025, it was no longer among the top ten perpetual contract exchanges. Over the same period, these platforms saw their annual perpetual contract trading volume grow by 47.4%, reaching $86.2 trillion.
crypto payment infrastructure company Moonpay has integrated Discover Network payments. Discover Network cardholders can now buy and sell cryptocurrencies through the Moonpay platform. Discover Network becomes the third major card brand supported by Moonpay in the United States, alongside Visa and Mastercard. Moonpay stated that this support is now available across its network of over 500 enterprise partners, including wallets, exchanges, and applications. Moonpay also supports Apple Pay, Google Pay, PayPal, Venmo, bank transfers, and regional payment channels. Founded in 2019, Moonpay serves over 30 million customers across 180 countries and holds the New York BitLicense, a New York limited purpose trust company charter, money transmitter licenses in multiple US states, and an authorization under the EU's MiCA framework.
According to the Financial Times, HM Revenue and Customs (HMRC) disclosed through a freedom of information request that since launching a special cryptocurrency tax compliance campaign in November 2023, it has reached disclosure settlements with a total of 502 cryptocurrency investors over the past two years, recovering over 8 million pounds in taxes cumulatively, with an average settlement amount of approximately 16,600 pounds per case. Of these, 280 settlements were reached in the 2024/25 fiscal year, involving 3.54 million pounds; 222 settlements were reached in the 2025/26 fiscal year, with the amount rising to approximately 4.78 million pounds. Meanwhile, the number of "reminder letters" sent by HMRC to crypto investors has surged significantly, reaching 64,982 in the 2024/25 fiscal year, a 680% increase compared to three to four years ago. As the UK joins the OECD Crypto-Asset Reporting Framework (CARF), starting from January 2026, crypto service providers must collect user identity and transaction information and report it to authorities, further limiting the room for investors to conceal profits. Currently, about 8% of UK adults (approximately 4.5 million people) hold crypto assets.
Odaily news The U.S. Securities and Exchange Commission (SEC) has agreed to pay $150,000 to resolve a Freedom of Information Act (FOIA) lawsuit concerning its records on the Ethereum investigation. According to a joint case status report filed on July 22, the SEC and the plaintiff, History Associates Inc., have reached a settlement and have requested the United States District Court for the District of Columbia to dismiss the case.Under the agreement, the SEC will continue to provide the remaining relevant documents and pay a fixed amount to cover the plaintiff's legal fees. The lawsuit was filed by History Associates in June 2024. This agency, commissioned by Coinbase, demanded the SEC disclose materials related to its regulatory investigation of Ethereum, including investigation files on Zachary Coburn and Enigma MPC, as well as records of regulatory discussions regarding Ethereum's transition from proof-of-work (PoW) to proof-of-stake (PoS).Previously, this lawsuit prompted the SEC to deliver thousands of documents. The court also ordered the SEC to prioritize providing internal communications sent, received, or reviewed by then-Chairman Gary Gensler regarding Ethereum's migration from PoW to PoS.During the case, the SEC sparked controversy for deleting some of Gensler's text message records. The SEC's Office of Inspector General previously disclosed that the agency accidentally deleted Gensler's text messages from October 2022 to September 2023. Subsequent documents revealed that the SEC also wiped data from 21 senior officials' phones.Coinbase CEO Brian Armstrong stated that the incident highlights transparency issues within government agencies during the crypto regulatory process and noted that the relevant lawsuits aim to promote public access to the basis for regulatory decisions. With the SEC completing the submission of the remaining documents, this lawsuit, which has lasted for over two years, will officially come to an end. (CoinDesk)
Fox Business crypto journalist posted on X platform, stating that USHCC, which claims to represent millions of Hispanic-owned businesses in the United States, wrote to Senate leadership this week, saying it shares community banks' concerns that the Clarity Act could accelerate deposit outflows. The organization believes the bill would reduce lending to Hispanic small businesses and weaken investment in underserved communities.
the decentralized trading protocol Uniswap has launched its Permissioned Pools framework, targeting tokenized funds, stocks, and other regulated assets. This feature allows issuers of tokenized assets to directly enforce investor qualification requirements on-chain while utilizing Uniswap's automated trading infrastructure.
Goldman Sachs Group CEO David Solomon stated that while the CLARITY Act is not perfect, he supports its advancement, believing it will establish a clearer and fairer regulatory framework for the digital asset market, enhance market stability, and promote innovation.Solomon said the most significant implication of the CLARITY Act is "creating a level playing field, allowing the market to develop healthily." This stance contrasts sharply with that of some banking executives, such as JPMorgan CEO Jamie Dimon. They argue that the bill, by allowing crypto companies to offer stablecoin products similar to interest-bearing deposits without assuming the same regulatory requirements as banks, could weaken the competitiveness of traditional banks.Currently, Republican senators in the U.S. have released a revised text of the CLARITY Act, which could be submitted to the Senate for a vote as early as next week. The bill aims to clarify the division of responsibilities between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in regulating digital assets, and will continue negotiations on terms related to stablecoin issuance, consumer protection, and yield-bearing stablecoins. (CoinDesk)