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Odaily News: U.S. President Trump has agreed to most of the stricter ethics rules related to the CLARITY Act in order to win support from key senators. A Republican aide revealed that Trump agreed to about 80% of the relevant proposal. The new plan includes granting state attorneys general joint enforcement authority with the Department of Justice, allowing them to sue crypto exchanges that list digital assets prohibited by the bill; elected officials, their spouses, and federal judges would be required to divest their significant financial interests in crypto asset issuing entities or place the relevant assets in a blind trust.Previously, several Democratic senators and Republican Senator Thom Tillis refused to support the bill due to concerns over Trump's personal crypto asset holdings and demands for stronger conflict-of-interest restrictions. The Senate is scheduled to hold a procedural vote on the bill on Tuesday. (Associated Press)
According to BIT's daily analysis report, Trump has largely agreed to new bipartisan ethics provisions requiring relevant officials to divest their held crypto assets or place them in blind trusts. The latest approximately 630-page version of the CLARITY Act will face a Senate procedural vote at 2:15 PM ET on September 15, which requires 60 votes in favor. With Republicans currently holding only 53 seats, the majority must secure support from at least seven Democrats or independents. The revised draft incorporates over 100 amendments proposed by Democrats, including adjustments to DeFi registration rules. However, ethics restrictions targeting government officials remain contentious and include a sunset clause set for January 2029. Even if the procedural vote passes, the legislation still must navigate formal debate, amendment review, and House approval. While the bill's tangible impact on the market remains uncertain, legislative progress this week could provide a boost to short-term market sentiment.
Odaily report: A Fox Business crypto reporter posted on X that U.S. Senate Republicans have released a new version of the "Clarity Act" text, which incorporates a revised ethics proposal agreed to by Trump and adjusts provisions related to the "Blockchain Regulatory Certainty Act," stablecoin yield, and the so-called "Ag" section. Republicans called this their "last, best, and final" offer to Democrats ahead of Tuesday's vote to end debate proceedings.The new text narrows the scope of the "Blockchain Regulatory Certainty Act" to the Bank Secrecy Act and civil enforcement, and removes specific language extending related protections to criminal cases, including prosecutions under Section 1960. The ethics proposal includes requiring Trump to sell "substantial" crypto-related financial interests or place them in a blind trust, and allows state attorneys general to enforce the ethics provisions; the stablecoin yield clause adds a "circuit breaker" mechanism, under which federal regulators can intervene if there is evidence of large-scale flows from community bank deposits into stablecoins, with Treasury Secretary Scott Bessent serving as the adjudicator.The "Ag" section adds new restrictions on vertical integration, including related-party transactions and conflicts of interest involving digital commodity exchanges, brokers, and dealers, and clarifies that state consumer protection laws still apply; the developer protection clause will not constitute an exemption from derivatives law, nor will it affect prediction markets.
Odaily Planet Daily reported that Bitcoin News stated on the X platform that Coinkite said the vulnerability existed at the boundary between two unrelated firmware submodules, rather than in its Bitcoin or encryption code, which allowed it to evade both manual and AI-assisted code reviews for years. Coinkite stated that after the incident, the company tested cutting-edge AI models including Kimi K3, Claude Fable, and Codex 5.6, none of which identified the flaw. Coinkite is now urging security-critical projects to specifically audit build systems and submodule boundaries, and warned that AI-assisted development could leave similar blind spots in the Bitcoin ecosystem.
Galaxy Digital Head of Research Alex Thorn stated that based on new victim reports received following the incident, the number of attackers exploiting the Coldcard vulnerability has reached at least 15.Thorn noted that information provided by victims helped the research team uncover previously unidentified attack activity. Unlike thefts from centralized exchanges, correlations between the attackers in this vulnerability exploit require confirmation through on-chain analysis and victim feedback.He added that a single victim reporting less than 1 BTC stolen helped the team discover a previously unknown attack, which siphoned approximately 12 BTC from 126 addresses.According to Galaxy Research's earlier estimates, the Coldcard vulnerability has led to at least three rounds of attacks, with losses amounting to approximately $100 million in BTC. Additionally, Galaxy has identified a suspected fourth round of attacks, which could bring total losses to approximately $130 million.Meanwhile, the incident has also sparked discussions regarding the security of Bitcoin self-custody. Dragonfly Managing Partner Haseeb Qureshi stated that "AI security hardening costing around $2" could potentially have prevented this vulnerability, and noted that some AI models were able to rediscover related vulnerabilities within a relatively short timeframe. However, industry insiders pointed out that current claims about the speed of AI discovering vulnerabilities lack rigorous blind testing and verification.Researchers believe that as AI model capabilities improve, the costs of vulnerability discovery and attacks in the crypto industry may continue to decline, requiring wallet developers to further strengthen code audits and security protections. (Cointelegraph)
Odaily News – On July 30, the minority staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs released a new analysis raising Democratic objections to the amended draft of the CLARITY Act. The analysis states that Donald Trump’s 2025 crypto revenue amounts to approximately $1.4 billion, and that current ethics provisions still allow him to retain related business arrangements. The analysis reviews World Liberty Financial, the TRUMP meme coin, cryptocurrency investments, staking income, and other business activities, concluding that provisions restricting officials from issuing or sponsoring digital assets would not materially affect the aforementioned financial arrangements. Staff estimated approximately $799 million in revenue related to World Liberty Financial and approximately $635 million from the TRUMP meme coin. Trump’s annual financial disclosure report lists $635.1 million in royalties from a licensing agreement with CIC Digital LLC related to Celebration Coins, along with Bitcoin and Ethereum wallets each valued at over $50 million, and validator rewards obtained through staking agreements on Coinbase. The Senate draft of the CLARITY Act seeks to prohibit covered officials and their spouses from issuing or sponsoring digital assets for compensation during specified periods, while also establishing exceptions for qualified blind trusts, unauthorized third-party activities, continued use of an official’s likeness, and holding digital asset investments.
on July 28 that U.S. Senator Jon Husted publicly supported the Digital Asset Market Clarity Act, stating that if the United States wants to maintain its leading position in the digital asset field, it needs a clear, enforceable regulatory framework that supports innovation and employment.The CLARITY Act aims to establish the first comprehensive federal framework for crypto regulation in the U.S., dividing jurisdiction between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). The bill classifies tokens into three categories, granting the CFTC exclusive regulatory authority over the spot market for digital commodities, while the SEC continues to oversee assets that still resemble securities.Galaxy Research has lowered the probability of the CLARITY Act becoming law by 2026 from 50% to 30%. Alex Thorn, the firm's Head of Research, stated that the 60-vote threshold in the Senate is the main obstacle, and supporters may not yet hold a simple majority.The revised version of the bill proposes to prohibit the President, Vice President, members of Congress, federal judges, and their spouses from receiving compensation through the issuance or sponsorship of digital assets during their term in office until January 2029. It also requires relevant officials to sell their cryptocurrency holdings or place them in a blind trust.
Odaily Odaily News: US Senator Cynthia Lummis stated that she thanks Democratic colleagues for their significant contributions to the new draft of the CLARITY Act and pledged to continue pushing for an agreement in the coming days to ensure the bill can ultimately become law. Consumer protection and supporting innovation are not contradictory, and this draft bill proves that both can be achieved simultaneously. Previously, after holding a briefing call with industry stakeholders, US Senate Republicans released a new version of the CLARITY Act. The new text proposes prohibiting the President, Vice President, members of Congress, federal judges, and other officials, as well as their spouses, from receiving compensation through the issuance or sponsorship of digital assets while in office, with the relevant provisions valid until January 20, 2029. Officials subject to these restrictions must also sell their crypto assets and investments in crypto enterprises, or place them in a blind trust over which they have no control; the sale of crypto assets exceeding $1,000 must be disclosed.
at today's 2026 Lujiazui Forum, Ding Xiangqun, Director of the National Financial Regulatory Administration, stated that efforts must be made to strengthen supervision, eliminate regulatory gaps and blind spots, and ensure full coverage with no exceptions. Ding Xiangqun said that efforts should be concentrated on preventing and resolving risks to firmly uphold the bottom line of preventing systemic financial risks. Focus should be placed on "reducing existing risks and controlling new risks." Risks in small and medium-sized financial institutions should be addressed in a forceful and orderly manner, with support and coordination to resolve risks related to real estate and local government debt. Adhere to the principles of treating diseases before they occur and addressing problems at the source, improve early correction mechanisms for financial risks with hard constraints, and achieve early identification, early warning, early exposure, and early disposal.Focus on "managing legal activities while also managing illegal ones." Strengthen central-local coordination and departmental collaboration, and make every effort to eliminate regulatory gaps and blind spots to ensure full coverage with no exceptions. Take the overall battle of preventing and combating illegal financial activities as a starting point, maintain a high-pressure crackdown stance, strengthen whole-chain systemic governance, and strive to protect the people's "money bags." (CCTV News)
Odaily According to Trump's latest investment disclosure filing, he sold between $5 million and $25 million worth of Microsoft and Amazon stock this February, and repurchased shares in both companies in March. However, he failed to disclose these transactions within the statutory 45-day window, resulting in a $200 fine. This marks the third time this year he has been penalized for the same violation.Notably, Trump also purchased Nvidia stock on February 10th. Just days later, Nvidia announced a multi-year partnership agreement with Meta, causing its stock price to rise by approximately 2.5%. Furthermore, his purchases of Microsoft and Amazon stock preceded the Pentagon's announcement of contracts to deploy confidential computing network technology with both companies by several months. Trump has not sold any of his stock portfolio during his second term; his assets are held in a trust managed by his children, differing from the blind trust arrangements commonly adopted by previous presidents. Although members of both parties in Congress have repeatedly introduced legislation to prohibit officials from trading stocks while in office, progress on such legislation has stalled. (Washington Post)