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Democrats are focusing on the crypto wealth recently disclosed by President Donald Trump and are discussing arrangements within the cryptocurrency CLEAR Act to prohibit conflicts of interest for government officials. A new draft of the bill is expected to be released in the coming days. Time is running short for the Senate to advance this cryptocurrency legislation, but negotiations on the ethics clause have yet to reach an agreement. Trump has expressed a desire for the CLEAR Act to be signed, although he recently urged Congress to prioritize advancing his voting rights bill. (CoinDesk).
据 CoinDesk 报道，玻利维亚政府正评估将泰达币（USDT）纳入国家支付系统，探索其与玻利维亚诺及美元并行流通的可行性。相关方案仍处于技术审查阶段，尚未公布具体实施规则，也未赋予 USDT 法定货币地位。
As the tokenization of capital markets intensifies, the Securities Transfer Association (STA) recently submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), warning that stock tokens issued by third-party entities could undermine market integrity. The association is calling on regulators to prioritize tokenized securities authorized by listed companies in future rulemaking.The STA represents numerous Wall Street transfer agents, whose members argue that genuine tokenized stocks should be formally authorized by the issuing company and recorded on the official shareholder register, rather than consisting of "wrapped" token products created by independent platforms.The association points out that third-party stock tokens could confuse investors regarding their actual holdings and expose them to platform credit, custody, and operational risks, without establishing a direct legal relationship with the listed company. Therefore, any innovation exemptions, pilot programs, or permanent regulatory frameworks for tokenized securities should be prioritized for the issuer-supported model. The STA also urges the SEC to reform the existing Direct Registration System (DRS), arguing that the current U.S. securities depository system struggles to meet the real-time transfer and settlement demands of on-chain securities. It recommends that regulators collaborate with the Depository Trust & Clearing Corporation (DTCC) to optimize the digital securities infrastructure.Currently, the global tokenized stock market, valued at approximately $2 billion, is predominantly led by the third-party model, including products launched by Ondo Finance and Kraken, while institutions like Securitize and Figure adopt the issuer-authorized model. (CoinDesk)
multiple sources familiar with discussions on the Digital Asset Market Clarity Act indicate that U.S. lawmakers plan to release an updated version of the crypto market structure bill this week. The new text incorporates content from bills previously passed by the U.S. Senate Banking Committee and the Agriculture Committee, with consultations between the two committees on multiple provisions. (CoinDesk)
the UK Financial Conduct Authority finalized crypto rules last month, providing guidance on capital requirements, admission and disclosure, and a broader conduct framework for crypto firms.The Bank of England has removed previously proposed limits on holdings of fiat-backed stablecoins and reduced the reserve requirement that issuers must hold at the central bank from 40% to 30%. The stablecoin proposal put forward in November 2025 had restricted individual holdings of systemic sterling stablecoins to no more than £20,000 and corporate holdings to no more than £10 million. (CoinDesk).
According to CoinDesk, informed sources revealed that the latest consolidated draft of the U.S. "Digital Asset Market Transparency Act" (Clarity Act) may be released as early as next week, and the Senate is expected to advance deliberations during the week of July 20. The consolidated draft was jointly negotiated by the Senate Banking Committee and the Agriculture Committee, adding over 70 pages of content and strengthening consumer protection provisions. However, the bill still faces multiple obstacles: Democrats insist on restricting business ties between senior government officials (including the President) and the crypto industry, and the parties have not yet reached a compromise on this ethics provision; additionally, issues such as federal preemption and SEC and CFTC commissioner nominations remain unresolved, and the White House has not participated in the latest negotiations. For the bill to pass in the Senate, it must reach the 60-vote threshold, and the time window is extremely limited—with only about four weeks of agenda remaining for the Senate in July and early August, and continued infighting among House Republicans further increases legislative uncertainty.
Coinbase Chief Legal Officer Paul Grewal is leaving the company after years of legal battles with U.S. regulators to join a startup. Coinbase announced that Molly Abraham will lead the company's legal team as General Counsel, and Ryan Van Grack will become Vice Chairman, expected to take on broader, more public-facing responsibilities. Grewal stated that he will continue to serve as an advisor to Coinbase and will be involved in the company’s trust charter work through the Office of the Comptroller of the Currency. Abraham has been with Coinbase since March 2021, serving as Vice President of Legal and managing multiple legal teams. (CoinDesk).
that, according to sources familiar with the matter, lawmakers could unveil an updated version of the Cryptocurrency Clarity Act as early as next week. The new bill will integrate work from both the Senate Banking Committee and the Senate Agriculture Committee. However, outstanding issues remain, including one of the key demands from Senate Democrats: ethics concerns. Democrats still need to accept the new draft, which would require 60 votes to advance through the Senate. (CoinDesk)
Odaily报道 According to data from Visa's on-chain data platform, USDC has expanded its lead over USDT in stablecoin transaction volume during the first half of 2026. Data shows that the adjusted stablecoin transaction volume in June rose to $1.79 trillion, an increase of 63% month-over-month and 125% year-over-year from June 2025, setting a new all-time high. Visa's statistics have excluded non-genuine economic activities such as bot transactions and internal exchange transfers.The total stablecoin transaction volume for the first half of the year reached $8.82 trillion, surpassing the full-year 2024 level of $5.8 trillion, but still below the record $10.8 trillion set in 2025.Structurally, USDC accounted for approximately 70% of the volume in the first half of 2026, while USDT accounted for about 25%, indicating a significant shift in market share towards compliant stablecoins.Analysis points out that as banks and institutions increasingly use stablecoins for settlement and fund management—with institutions like Standard Chartered and BNY Mellon accelerating integration into the USDC ecosystem—stablecoin infrastructure is entering a phase of institutional expansion. (CoinDesk)
Odaily, July 5th - The cryptocurrency market continued its stabilization trend, with Bitcoin rising nearly 7% in the week ending July 5th, recording its strongest weekly performance since March. This rally was primarily fueled by declining inflation expectations. The breakeven inflation rate, a measure of market inflation expectations, has dropped notably recently. The two-year indicator has fallen below 2%, approaching the Federal Reserve's inflation target level, while long-term inflation expectations have also weakened. Meanwhile, WTI crude oil prices have fallen in tandem with inflation expectations, returning to levels close to those seen before the geopolitical conflicts in February, prompting the market to reassess inflation pressures, interest rate cut expectations, and the dollar's trajectory.Some analysts suggest that if the US Dollar Index (DXY) weakens, it could further lower resistance for Bitcoin’s upward movement, as the two typically exhibit a negative correlation. However, other viewpoints caution that services inflation remains sticky, and falling oil prices do not necessarily imply a reversal of the overall inflation trend. Monetary policy may continue to maintain a "higher for longer" stance.The next key milestone for the market is the US June CPI data due on July 14th, which could serve as a crucial catalyst for determining the inflation path and the direction of risk assets. (CoinDesk)
Sberbank, Russia's largest bank, plans to launch a cryptocurrency wallet and digital custody services, with the earliest launch expected in December. The services will be integrated into the "Sberbank Online" and "SberInvestments" platforms, pending the official implementation of Russia's forthcoming "Digital Currency and Digital Rights Law" in September.The bill is expected to establish a licensing framework for transactions, custody, fiat exchange, and cross-border settlements involving crypto assets, while also allowing eligible investors to participate in trading within set limits.Sberbank stated that users will be able to access authorized crypto assets directly within the bank's application, and a digital asset custody system will also be launched for token storage and ledger management.Against the backdrop of advancing regulations, financial institutions including the Moscow Exchange and VTB are also accelerating their deployment in digital asset-related businesses, as Russia's financial system gradually opens up to the compliant crypto market. (CoinDesk)
Coinbase sent an AI-generated news alert claiming the Norwegian national football team had defeated Brazil 3-2 before the World Cup match had even started. CEO Brian Armstrong has launched an investigation, and Coinbase stated that updates have been implemented to prevent future instances of inaccurate AI-generated information. The error comes as Coinbase is advancing its prediction market and "everything exchange" features, including an AI advisor and stock options. (CoinDesk).
According to CoinDesk, the U.S. Crypto Market Structure Bill Clarity Act failed to be signed within the previously expected timeframe. As Congress approaches its summer recess, pressure is mounting for the bill to be enacted within 2026. However, several observers following the legislative process remain cautiously optimistic about its passage within the year, believing that current key coordination efforts are still ongoing, including the consolidation of content between the Senate Agriculture Committee and Banking Committee versions.
White House advisor Patrick Witt stated in May that he hoped the Clarity Act would be signed into law on July 4th, but the bill did not meet this deadline. CoinDesk reports that the biggest risk now actually comes from the House of Representatives. Recently, the U.S. House of Representatives has faced resistance in advancing multiple agendas, including important bills like the budget proposal. Market concerns are growing that declining legislative efficiency could further slow down the progress of the CLARITY Act.Additionally, the market believes that August 7th (the last working day before the Senate's summer recess) will become an important time window for advancing the bill. (CoinDesk).
the prediction market industry, represented by Kalshi, is dealing with legal disputes in multiple US states, arguing in a series of court hearings this week that state regulators should not have jurisdiction over the matter. These legal challenges are progressing in Nevada and Michigan, with live arguments taking place in Minnesota, and the case could potentially be appealed to the U.S. Supreme Court. Meanwhile, North Carolina is close to imposing a state tax on prediction market revenue. (CoinDesk).
the UK Financial Conduct Authority (FCA) officially published its crypto asset regulatory framework this week, widely regarded by the industry as an international approach emphasizing "global liquidity access," but its implementation still faces significant compliance and approval challenges.Under the new rules, the FCA allows overseas trading platforms to serve UK users through locally authorized branches and access global trading infrastructure, thus avoiding the formation of a closed domestic liquidity pool. Meanwhile, stablecoins not issued in the UK can also circulate in the British market, a stance seen as distinctly different from the regional isolation model of the EU's Markets in Crypto-Assets Regulation (MiCA). The "Qualified Crypto Asset Trading Platform" (QCATP) mechanism within the new rules is viewed as a key structure connecting global exchanges with the UK market, potentially enhancing price efficiency and market depth. However, industry insiders point out that the FCA has yet to clarify which jurisdictions are deemed to have "comparable regulatory protections," a uncertainty that could affect corporate planning decisions.Furthermore, rules related to decentralized finance (DeFi) remain not fully clarified. Some practitioners fear that initial proposals might restrict centralized platforms from accessing the DeFi ecosystem, potentially leaving the UK behind other jurisdictions in this area of innovation.On the compliance front, lawyers point out that under the new Financial Services and Markets Act framework, the authorization process could be extremely stringent. Historical data shows that the FCA's anti-money laundering registration application approval rate is less than 15%. The new system will also cover multiple regulatory requirements including consumer duty, capital adequacy, operational resilience, and senior manager accountability, significantly raising the entry barrier.Industry observers believe the framework overall provides an institutional foundation for institutional capital to enter the crypto market. However, whether the UK can truly become a global crypto hub will depend on the certainty of regulatory enforcement and approval efficiency in the coming months. (CoinDesk)
Binance has withdrawn its MiCA license application in Greece due to approval delays and regulatory uncertainty, and was forced to suspend some services and new registrations for EU users just days before the July 1 deadline. Gillian Lynch, Binance’s Head of Europe, stated that MiCA’s success should be measured by how many crypto companies are brought into the regulatory framework. She also defended Binance’s financial crime control measures, refuting allegations made in a recent Wall Street Journal report.Lynch said that excluding Binance from MiCA would harm the European crypto market by removing key liquidity and infrastructure, and reiterated that Binance remains committed to obtaining new licenses and staying in Europe. (CoinDesk)
According to CoinDesk, FBI Director Kash Patel purchased stock in Bitcoin-holding company Strategy (MSTR) for between $100,000 and $250,000 on November 21, 2025, but did not disclose it to regulators until May 26, 2026, a delay of over 6 months, violating the 45-day disclosure deadline stipulated by the Stop Trading on Congressional Knowledge Act (STOCK Act). Patel later explained to the Office of Government Ethics that it was an unintentional omission caused by "miscommunication." Dylan Hedtler-Gaudette of government watchdog Project on Government Oversight bluntly criticized his behavior as "illegal," and called for a comprehensive ban on federal officials trading stocks. Deputy Assistant Attorney General William Taylor of the Department of Justice stated in a letter on May 28 that the transaction did not constitute a conflict of interest, and the DOJ has not yet fined him.
According to CoinDesk, Wall Street bank Cantor Fitzgerald issued a research report indicating that the crypto market is entering the final phase of the current bear cycle. As of June 10, Bitcoin has declined approximately 51% from its 2025 peak, with 252 days having passed since the peak. Synthesizing the past three market cycles, BTC bottoms on average 384 days after the peak; based on this, the low point of this cycle is projected to appear around the end of October. Analysts also noted that the model is not a precise timing tool, and macro, regulatory, and geopolitical risks remain. Regarding network value assessment, Cantor believes Hyperliquid is the prime example of fee-driven token economics, Bitcoin remains the benchmark monetary asset, and Ethereum serves as the primary collateral layer for on-chain finance; Solana, Sui, XRP, and Zcash each possess differentiated advantages, but still need to prove that their ecosystem growth can translate into sustained token demand.
According to CoinDesk, Credit Agricole launched the EURXT stablecoin pegged 1:1 to the Euro, issued on Ethereum by its subsidiary asset servicing institution Caceis Bank, and compliant with the EU's Markets in Crypto-Assets Regulation (MiCA) requirements.