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Project Overview
Digital Asset is a blockchain software and services provider that helps enterprises create economic value through interconnected networks. Their products are built on Daml, the leading platform for developing and running complex, multi-party applications using an advanced smart contract language and tools. Daml offers unparalleled privacy and a top-notch SDK, ensuring that all participants in an application remain in sync and have access to reliable, real-time data.
UK House of Lords Passes Digital Asset Strategy Amendment 194-138
Odaily News: The UK House of Lords passed an amendment by a vote of 194 to 138, requiring the Treasury to formulate, publish, and consult on a national digital asset strategy within 12 months after the Financial Services and Markets Act takes effect.The strategy must cover crypto assets, qualifying stablecoins, central bank digital currencies, tokenized securities, and other digital financial assets, and review the availability of banking, payment, and settlement services, as well as the risks to competition and innovation posed by the withdrawal of related services.The bill still needs to undergo a third reading in the House of Lords on September 15, and will then be submitted to the House of Commons for consideration. The UK Financial Conduct Authority (FCA) completed the formulation of rules and guidance for the new crypto asset regulatory regime on June 30. The authorization application channel is planned to open on September 30, 2026, and the regime will take effect on October 25, 2027. (Bitcoin.com News)
The stock of Nakamoto Inc., controlled by Trump crypto ally David Bailey, plunged 99% from its peak.
According to Bloomberg, crypto entrepreneur David Bailey, who played a pivotal role in helping Trump pivot to Bitcoin, has seen the stock of his publicly traded company, Nakamoto Inc., plunge approximately 99% from its peak since the merger announcement in May 2025. Previously, Bailey raised roughly $760 million for the firm to build Bitcoin reserves, and his hedge fund also posted a robust 640% return. This latest downturn reflects the broader collapse of digital asset treasury companies, as the premium investors were previously willing to pay to hold Bitcoin through publicly traded entities has significantly faded. Bailey stated that he maintains irregular contact with the White House and is currently focused on proving that the company retains a viable business foundation despite the crash.
Digital Asset Investment Firm Hivemind Digital Group Completes $17 Million Strategic Financing, Led by M&G Investments
According to PR Newswire, Hivemind Digital Group announced the completion of a $17 million strategic financing round, led by M&G Investments, with participation from CPIC Investment Management (HK), ZA Bank, FalconX, Sonic Boom Ventures, and others. The funds raised will be used to accelerate the development of tokenization infrastructure and expand its capabilities in investing in cutting-edge technologies.
ARK Invest Exec Suggests Hyperliquid Acquire Gemini to Position as Compliant HIP-3/4 Deployer in the U.S.
Odaily Planet Daily reported that Lorenzo Valente, Head of Digital Asset Research at investment firm ARK Invest, stated that Hyperliquid is in discussions with the CFTC and SEC to facilitate the offering of perpetual futures on its public chain by U.S.-regulated companies. He suggested that Hyperliquid acquire Gemini to position it as a U.S.-regulated HIP-3/4 deployer. He noted that Gemini's current market value is approximately $450 million, representing a decline of over 85% from its $3.3 billion valuation at the time of its 2025 IPO. Hyperliquid could obtain Gemini's entire U.S. regulatory infrastructure—including the NYDFS Trust Charter, DCM, DCO, FCM, MTLs, and Broker-dealer—for approximately $450 million.He further proposed that Hyperliquid could use approximately 7.9 million HYPE tokens from its community reserve, valued at around $550 million at $70 per token, to complete the acquisition at a premium of roughly 20% over Gemini's current market value. Following the transaction, Gemini would handle KYC, custody, fiat on/off ramps, brokerage, clearing, and compliance for the U.S. market, while Hyperliquid L1 would provide the underlying market infrastructure, liquidity, and on-chain settlement. He cited Polymarket's acquisition of QCEX as a similar precedent for re-entering the U.S. market, and stated that the core of this potential deal is not acquiring an exchange, but rather securing the regulatory bridge for HIP-3/4 to enter the U.S. market.
SEC Proposes New Crypto Rules: Establishing a Token Investment Contract Safe Harbor with Offering Cap of Up to $75 Million
Odaily News: The U.S. Securities and Exchange Commission (SEC) has proposed rules related to crypto assets, aiming to establish a clear framework for eligible investment contracts and provide a targeted securities offering regime for token issuances, enabling related entities to raise funds while retaining investor protection measures. The proposed rules would allow crypto companies to issue up to $5 million in tokens over four years, or up to $75 million in tokens within 12 months, and provide a safe harbor to prevent cryptocurrencies from being deemed "investment contracts." Issuers would be required to disclose financial statements and provide ongoing reporting. The SEC did not include the previously anticipated "innovation exemption" for crypto stocks. The proposal comes just days after the U.S. Senate failed to advance the Digital Asset Market Clarity (CLARITY) Act; the public will have 60 days to submit comments after the proposal is published in the Federal Register. SEC Chair Paul Atkins stated that congressional legislation remains essential for establishing rules that can be applied over the long term, and the SEC will continue to support Congress in advancing the CLARITY Act to President Trump. The Commodity Futures Trading Commission (CFTC) plans to discuss cryptocurrency, AI, and prediction market regulation on Thursday. (Cointelegraph)
SEC to Consider Regulation Crypto, Potentially Allowing Certain Crypto Projects to Raise Funds Without Full Securities Registration
Odaily News: The U.S. Securities and Exchange Commission (SEC) will hold a public meeting on August 14 to consider proposing a "Regulation Crypto" rule framework that would allow certain crypto projects to raise funds without completing full securities registration. If public comment is initiated, this would mark the SEC's first formal, long-term crypto industry rulemaking. The framework is expected to establish a pathway for exiting SEC oversight: after project developers raise funds, if they no longer actively manage the project and the project achieves decentralization, it may fall outside SEC jurisdiction. SEC Chair Paul Atkins has previously stated that the exemption period could last up to four years, though the announcement did not disclose funding amount thresholds. The U.S. Senate did not advance the Digital Asset Market Clarity Act before entering its August recess. The final rule will still take several months to complete, and the meeting will be held at 10:00 a.m. ET on August 14. (Decrypt)
Senate Fails to Pass Crypto Bill as Ethics Controversy Leads to Breakdown of Negotiations
The U.S. Senate failed to pass the Digital Asset Market Clarity Act, receiving only 49 votes in support. The bill was primarily stalled due to disagreements between the two parties over ethical restrictions on President Trump's crypto holdings. Republicans accused Democrats of refusing to compromise, and negotiations ultimately broke down.
Senate Rejects Clarity Act, Crypto Stocks Plunge Over 8%
The U.S. Senate failed to advance the Digital Asset Market Clarity Act on a 49-50 vote, causing crypto stocks such as Coinbase and Circle to collectively fall more than 8% that day. The legislative setback has temporarily stalled the industry's long-awaited federal market structure framework.
US Senate Fails to Pass Crypto Regulatory Bill CLARITY Act
The U.S. Senate failed to advance the Digital Asset Market Clarity Act due to insufficient votes. Hampered by internal disputes over provisions and opposition from state attorneys general, the bill is expected to stall this year.
US Senate Vote Fails, Digital Asset Market Clarity Act Hit With Setback
The Digital Asset Market Clarity Act made no progress during Tuesday's Senate vote, failing to secure the required 60 votes. Despite months of bipartisan negotiating, it ultimately failed due to unresolved core differences, including those over ethical provisions.
US House crypto tax bill proposes exempting network fees under $10, transfers exceeding 5,000 per year not eligible
Odaily reports: Jason Smith, Chairman of the U.S. House Ways and Means Committee, has unveiled the 114-page "Digital Asset Tax Certainty Act" (H.R. 10357), which proposes exempting taxes on network or transaction fees below $10, with a committee markup scheduled for 10 a.m. on September 16.The bill stipulates that users who conducted more than 5,000 transfers in the previous year would not be eligible for the aforementioned fee exemption. A companion bill aims to bring digital assets under wash sale rules and constructive sale rules, while excluding qualified U.S. dollar stablecoins, and is projected to raise $2.074 billion in revenue for fiscal years 2026 through 2036.The companion bill would also allow miners and stakers to defer income from newly generated tokens until the time of sale, with an estimated ten-year fiscal cost of $2.956 billion. Republican committee members are considering removing the relevant provisions or limiting the deferral period to five years. (Bitcoin.com News)
Bernstein: Crypto CLARITY Act Passage Odds Rise Above 30%, Shorts Under Pressure
According to Chaoxiang research, Bernstein's September 14, 2026 report indicates that the Kalshi prediction market has rebounded to a greater than 30% probability for the passage of the CLARITY Act. The CLARITY Act, officially the Digital Asset Market Clarity Act, centers on establishing a federal regulatory framework for the U.S. cryptocurrency market, delineating regulatory boundaries between the SEC and CFTC, and clarifying exchange compliance requirements and stablecoin yield rules. The latest Senate Republican draft has made substantive concessions on Trump-related ethics provisions and incorporates a "new circuit breaker" clause to address concerns over deposit outflows from community banks. A procedural vote is scheduled for Tuesday, with the Federal Reserve set to announce its interest rate decision on Wednesday.
EDEL Rises After Joining DTC Digital Asset Solutions Industry Working Group, Two Addresses Accumulate 7.89 Million EDEL Tokens Recently
Odaily News: According to Lookonchain monitoring, EDEL rose after @edeldotfinance joined the DTC Digital Asset Solutions Industry Working Group. Recently, ezhomi.base.eth bought 5.33 million EDEL worth $98,000 over a period of 4 days; another address bought 2.56 million EDEL worth $48,000 in the past 2 days.
Hyperliquid Launches USDC Yield Mechanism to Buy Back and Burn HYPE
According to Digital Asset, Hyperliquid launched the AQAv2 (Aligned Quote Asset v2) mechanism on August 26, allocating a portion of the returns generated by USDC reserves on the platform toward capital accumulation, which will ultimately be directed to the Assistance Fund for secondary market repurchases and burns of HYPE to reduce its circulating supply. Under this mechanism, Circle is responsible for USDC technical deployment, while Coinbase handles reserve management; stablecoin issuers are expected to share approximately 90% of the relevant reserve returns with the protocol after deducting operating costs. Returns are accumulated on a 30-day cycle, with the initial fund transfer expected on October 3. Market estimates indicate that, based on current USDC outstanding balances and yield rates, annualized returns could reach $135 million to $160 million, although the actual repurchase scale will ultimately depend on the platform's USDC supply and reserve yields.
Standard Chartered: Bitcoin Could Reach $126,000 by Year-End; Previous $100,000 Target Too Conservative
Odaily News: Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that the forecast of Bitcoin reaching $100,000 by the end of the year may be too conservative, and there is a possibility of challenging the previous all-time high of $126,000 before the year ends.On Friday, Kendrick noted that the recent Bitcoin rally has been primarily driven by short liquidations, while inflows into spot Bitcoin ETFs have also begun to recover. Given the currently low open interest levels in the market, more investors could re-enter as prices rise, providing further momentum for the rally."This is the first time this year that I've seen a risk that my year-end target of $100,000 may be too low," Kendrick said.Kendrick believes that Bitcoin's rebound momentum could accelerate further after October 6. Meanwhile, several market observers also believe the bear market may be nearing its end. Cory Klippsten, CEO of Swan Bitcoin, previously stated that Bitcoin could bottom out in October; Markus Thielen, founder of 10x Research, suggested that if the August monthly close stays above $63,000, it could confirm the formation of a bear market bottom. (Cointelegraph)
Bitcoin Treasury Companies Shift Strategy: Selling BTC, Repaying Debt, and Betting on AI as Stock Plunges Force Strategic Pivot
Odaily News As Bitcoin prices have experienced a significant correction, publicly listed companies that had accumulated large BTC holdings are facing multiple challenges, including falling stock prices, debt pressures, and a deteriorating financing environment. Some of these companies are now starting to sell Bitcoin, repay debts, and even pivot towards artificial intelligence (AI) data center operations.Strategy pioneered the "Digital Asset Treasury (DAT)" model, continuously purchasing Bitcoin through financing and borrowing, inspiring a wave of other listed companies to follow suit. However, as the BTC price has fallen approximately 50% from its peak of around $126,000 in October 2025, the stock prices of related companies have also shrunk significantly, forcing them to reassess their BTC accumulation strategies.This week, shareholders of London-listed company Satsuma Technology approved the liquidation of all 668 BTC, returning capital to shareholders, while proceeding with delisting. Another London-listed company, The Smarter Web Company, sold 178 BTC to repay its convertible debt.Additionally, Sequans Communications has sold 1,025 BTC and further sold nearly 80% of its remaining holdings to repay convertible bonds. The company stated it will not continue purchasing Bitcoin in the future and plans to sell the remaining approximately 658 BTC.Nakamoto's stock price has fallen approximately 99% since its SPAC listing in May 2025. The company recently sold about 284 BTC, raising approximately $20 million for working capital. Of its remaining approximately 5,342 BTC, nearly 70% has been pledged as collateral for loans from Kraken, which market observers believe poses a potential risk event.Meanwhile, Bitcoin mining companies are also adjusting their strategies. Companies like Bitdeer Technologies and MARA Holdings are selling portions of their BTC to repurchase shares, repay debts, and redirect energy resources and computing infrastructure towards AI data center operations.Other companies selling BTC include Empery Digital. Data shows that Strategy has recently sold approximately 3,620 BTC and has authorized further asset sales to maintain its U.S. dollar reserves.However, Strategy remains the world's largest corporate holder of Bitcoin, with holdings exceeding 840,000 BTC. The company's CEO, Michael Saylor, stated that while it may sell some Bitcoin in the future to pay dividends, this does not mean the company is exiting its Bitcoin investment.Beyond asset adjustments, management and capital operations at some Bitcoin treasury companies are also changing. Jack Mallers has stepped down as CEO; and Bitcoin Standard Treasury Company (BSTR), affiliated with Adam Back, failed to complete a proposed merger due to the deteriorating market environment.Analysts believe that with rising financing costs and increased BTC price volatility, the "borrowing to buy Bitcoin" treasury model is undergoing a reshuffle. Some companies are shifting from simply hoard
Standard Chartered: Maintains Bitcoin Price Forecast of $100,000 by End of 2026
Odaily Odaily Planet Daily reported that Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, stated that the market has misinterpreted Michael Saylor's adjustments to Strategy Inc.'s bitcoin strategy, and the recent selling pressure stems from confusion over this strategy rather than a change in bitcoin's long-term outlook. Strategy Inc. is shifting bitcoin from being a reserve accumulation asset to serving as collateral to support its STRC preferred stock. Kendrick maintains the bitcoin price forecast of $100,000 by the end of 2026. As of press time, BTC was trading at $64,322.89, and Strategy's stock MSTR closed at $94.64 on Friday. The outstanding notional value of STRC is approximately $10 billion, which Kendrick believes makes the preferred stock heavily overcollateralized due to its bitcoin backing. (Bitcoin.com News).
South Korea’s Tax Tribunal Orders Reinvestigation of Gift Tax Assessment in Case Involving Bitcoin Transfers via Spouse’s Account
According to Digital Asset, South Korea’s Tax Tribunal recently decided to conduct a new investigation into a case where Bitcoin transferred from a spouse’s overseas exchange account to the taxpayer’s domestic account was classified as a “gift” and taxed accordingly. In the case, the taxpayer argued that the Bitcoin in question originally belonged to them and was merely routed through their spouse’s account due to travel-related regulatory restrictions; furthermore, the Bitcoin remained in the spouse’s account for only a short period and thus should not be considered a gift.
Korea National Tax Service Plans to Introduce Blockchain Tracking Program to Plug Tax Loopholes on Crypto Assets in Personal Wallets
According to Digital Asset, South Korea's National Tax Service stated that it will introduce commercial blockchain tracking software used by domestic and international law enforcement agencies, including prosecutors, police, and the IRS, to track and analyze transfers between digital asset wallets in order to prevent tax loopholes arising from personal wallets. Meanwhile, regarding tax oversight of overseas exchanges, South Korea will address this through the Crypto-Asset Reporting Framework (CARF). Taking effect in 2028, CARF will cover transaction information from 2027, aligning with the timeline of the domestic digital asset income tax, which will be levied starting in 2027 with declarations due in May 2028, thereby achieving effective tax coverage of overseas holdings.
IRS Warns Crypto Holders: Scammers Are Sending Fake Letters by Mail to Steal Assets or Data
according to Bloomberg, the U.S. Internal Revenue Service (IRS) is warning crypto asset holders that scammers are contacting some taxpayers by mailing fake letters in an attempt to steal their digital assets or personal data.The IRS stated that these letters may require taxpayers to register for a so-called "Digital Asset Compliance Portal," but this portal does not exist. The IRS also reminds users not to scan suspicious QR codes, and not to answer or comply with calls demanding payment.While phishing and digital scams are not new to the crypto industry, sending fake IRS notifications through physical mail appears to be a novel scam tactic. As the IRS has indeed sent taxpayers letters related to digital assets in the past, and the surge in crypto tax filing notices last year has led to confusion among many taxpayers, scammers may be exploiting this familiarity to disguise their attempts.As the U.S. tax system requires taxpayers to disclose their crypto asset activities on tax returns, communication between the IRS and digital asset holders has become more common. This also makes fake tax notices more deceptive. For crypto users, encountering "IRS letters" involving portal registration, QR code scanning, wallet connections, or payment demands warrants extra caution and should be verified through official channels.
Senator Lummis' X Account Hacked, Fake Solana Meme Coin Scam Deleted Within Five Minutes
According to BeInCrypto, the official verified X account of U.S. Senator Cynthia Lummis was hacked on July 29. The account briefly posted a fake Solana Meme coin promotion post named $USA Token, featuring a pump.fun minting link. The post was deleted within approximately five minutes, accumulating around 5,600 views and 37 replies during that period. Crypto community users quickly issued warnings, and there are currently no records of financial losses. Lummis's office had not released any statement as of press time. The timing of this incident is sensitive, coinciding with the stalemate of the "Digital Asset Market Transparency Act" (CLARITY Act) championed by Lummis in Congress.
Standard Chartered Bank: Aave is expected to rise to $3,500 by 2030, an increase of approximately 50x from its current price.
According to CoinDesk, Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, released a report initiating coverage of the decentralized lending protocol Aave, with a target price of $3,500 by end-2030—approximately 50 times its current price of around $70—and expects Aave to outperform both Bitcoin and Ethereum. Kendrick stated that Aave has recovered from the April 2026 KelpDAO rsETH bridge vulnerability incident, during which attackers used approximately $290 million worth of stolen tokens as collateral to borrow real assets on Aave, exposing the protocol to up to $230 million in potential losses. Assets have now begun flowing back onto the platform, and Aave’s dominant position in on-chain lending remains solid. Looking ahead, Standard Chartered forecasts that the value of tokenized assets actively used in DeFi applications will grow 37-fold by 2030. Aave—whose revenue model is directly tied to lending activity—is poised to benefit directly. Additionally, Aave’s Horizon initiative (enabling tokenized real-world asset lending in permissioned environments) and the potential relaunch of its token buyback program are viewed as key catalysts.
WTW Acquires Digital Asset Insurance Platform Redefind, Plans to Launch Crypto Asset Protection Services First in the UK
According to GlobeNewswire, WTW, a global leader in insurance and risk management, has announced the acquisition of digital asset insurance platform Redefind to strengthen its digital asset protection services. As disclosed, Redefind provides an end-to-end platform for cryptocurrency and digital asset insurance access. WTW plans to initially launch an unhosted loss recovery insurance solution in the UK to cover related expenses—including forensic investigations, asset tracing, and legal recovery—following theft or loss of digital assets.
Minnesota Governor Signs Bill Allowing State-Chartered Credit Unions to Offer Digital Asset Custodial Accounts
Governor Walz of Minnesota has signed legislation enabling state-chartered credit unions to offer digital asset custody accounts. The bill aims to allow Minnesota residents to manage their crypto assets more securely under regulatory oversight and strengthen protections against fraud, hacking, and asset loss. Minnesota Credit Unions also thanked co-sponsors Reps. Perryman and Elkins and Sen. Seeberger for advancing this legislation.
Senate Fails to Pass Crypto Bill as Ethics Controversy Leads to Breakdown of Negotiations
The U.S. Senate failed to pass the Digital Asset Market Clarity Act, receiving only 49 votes in support. The bill was primarily stalled due to disagreements between the two parties over ethical restrictions on President Trump's crypto holdings. Republicans accused Democrats of refusing to compromise, and negotiations ultimately broke down.
Standard Chartered: SKY Token Could Reach $0.325 in 2028
According to Cointelegraph, Standard Chartered Bank published a report providing first-time coverage of the SKY token from the decentralized finance platform Sky, assigning it a year-end 2028 target price of $0.325. This represents an approximate fivefold increase from the $0.065 reference price cited in the report. Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, compared Sky to a "federal bank," noting its issuance of stablecoins, establishment of governance frameworks, and charging of wholesale interest rates to borrowers.
UniCredit Plans to Expand Digital Asset Services, Building Custody and Brokerage Capabilities
According to Bloomberg, Italian bank UniCredit SpA is considering expanding its digital asset-related services, including early-stage development of digital asset custody and brokerage capabilities. Sources familiar with the matter said the bank is evaluating technology providers to build infrastructure for holding digital assets and supporting buy-and-sell transactions.
Korea National Tax Service: Must Still Report Held Cryptocurrency Accounts After Overseas Exchanges Go Bankrupt
According to Digital Asset, South Korea’s National Tax Service issued its latest official interpretation on August 28, clarifying that even if an overseas virtual asset exchange has declared bankruptcy, residents holding accounts at such exchanges are still legally required to fulfill their overseas financial account reporting obligations. Previously, an applicant questioned whether reporting was still mandatory after holding an account at an overseas exchange that went bankrupt in November 2022, prompting a clear response from the tax authority. Under Article 53 of the Act on International Tax Adjustment, anyone with an overseas financial account balance exceeding 500 million KRW at the end of any month in a given year must file a report with the tax office in June of the following year. Virtual assets have been included in the reporting scope since 2023.
Ripple and Coincheck successively roll out digital asset custody infrastructure across Asia.
According to Cointelegraph, blockchain enterprise solution provider Ripple has announced a strategic partnership with digital asset infrastructure company SettleMint to integrate Ripple Custody with SettleMint's Digital Asset Lifecycle Platform (DALP), providing custody, issuance, and management services for tokenized assets to financial institutions. Meanwhile, digital asset service provider Coincheck Group has also announced a collaboration with wallet infrastructure provider DFNS to build digital asset wallet technology and custody services in Japan, leveraging the DFNS platform which supports over 100 blockchain networks. Both partnerships aim to fill the infrastructure gaps that have hindered licensed financial institutions from entering the market.
Trump-related crypto projects have caused investors at least $4.7 billion in losses, Public Citizen says
Odaily News - U.S. President Donald Trump and his family have caused investors at least $4.7 billion in losses through digital asset projects since 2022. Consumer rights advocacy nonprofit Public Citizen stated that the related projects include the World Liberty Financial governance token, NFT trading cards, Official Trump (TRUMP), and Trump Media's digital asset reserve.Among these, TRUMP investors lost approximately $3.2 billion, while USD1 stablecoin investors did not suffer significant losses. Public Citizen noted that the losses from TRUMP primarily reflect a transfer of wealth to a small number of early buyers, rather than funds disappearing outright. Donald Trump also earned $7.2 million from NFT licensing fees and royalties, as well as over $600 million from World Liberty token sales and equity sales.Public Citizen also called for adding ethical standards to the Digital Asset Market Clarity Act (CLARITY Act), requiring the U.S. President and his family to withdraw from related industry projects. Trump met with crypto company executives last week and called for passing a "fair version" of the bill. The Senate is scheduled to vote on a procedural motion on September 15, and advancing the bill requires support from at least 60 senators. (Cointelegraph)
Related news
Senate Fails to Pass Crypto Bill as Ethics Controversy Leads to Breakdown of Negotiations
The U.S. Senate failed to pass the Digital Asset Market Clarity Act, receiving only 49 votes in support. The bill was primarily stalled due to disagreements between the two parties over ethical restrictions on President Trump's crypto holdings. Republicans accused Democrats of refusing to compromise, and negotiations ultimately broke down.
Senate Rejects Clarity Act, Crypto Stocks Plunge Over 8%
The U.S. Senate failed to advance the Digital Asset Market Clarity Act on a 49-50 vote, causing crypto stocks such as Coinbase and Circle to collectively fall more than 8% that day. The legislative setback has temporarily stalled the industry's long-awaited federal market structure framework.
US Senate Fails to Pass Crypto Regulatory Bill CLARITY Act
The U.S. Senate failed to advance the Digital Asset Market Clarity Act due to insufficient votes. Hampered by internal disputes over provisions and opposition from state attorneys general, the bill is expected to stall this year.
US Senate Vote Fails, Digital Asset Market Clarity Act Hit With Setback
The Digital Asset Market Clarity Act made no progress during Tuesday's Senate vote, failing to secure the required 60 votes. Despite months of bipartisan negotiating, it ultimately failed due to unresolved core differences, including those over ethical provisions.
US House crypto tax bill proposes exempting network fees under $10, transfers exceeding 5,000 per year not eligible
Odaily reports: Jason Smith, Chairman of the U.S. House Ways and Means Committee, has unveiled the 114-page "Digital Asset Tax Certainty Act" (H.R. 10357), which proposes exempting taxes on network or transaction fees below $10, with a committee markup scheduled for 10 a.m. on September 16.The bill stipulates that users who conducted more than 5,000 transfers in the previous year would not be eligible for the aforementioned fee exemption. A companion bill aims to bring digital assets under wash sale rules and constructive sale rules, while excluding qualified U.S. dollar stablecoins, and is projected to raise $2.074 billion in revenue for fiscal years 2026 through 2036.The companion bill would also allow miners and stakers to defer income from newly generated tokens until the time of sale, with an estimated ten-year fiscal cost of $2.956 billion. Republican committee members are considering removing the relevant provisions or limiting the deferral period to five years. (Bitcoin.com News)
Bernstein: Crypto CLARITY Act Passage Odds Rise Above 30%, Shorts Under Pressure
According to Chaoxiang research, Bernstein's September 14, 2026 report indicates that the Kalshi prediction market has rebounded to a greater than 30% probability for the passage of the CLARITY Act. The CLARITY Act, officially the Digital Asset Market Clarity Act, centers on establishing a federal regulatory framework for the U.S. cryptocurrency market, delineating regulatory boundaries between the SEC and CFTC, and clarifying exchange compliance requirements and stablecoin yield rules. The latest Senate Republican draft has made substantive concessions on Trump-related ethics provisions and incorporates a "new circuit breaker" clause to address concerns over deposit outflows from community banks. A procedural vote is scheduled for Tuesday, with the Federal Reserve set to announce its interest rate decision on Wednesday.