Bitcoin Magazine
Lummis Credits Trump for Ethics Deal as Clarity Act Faces Tuesday Vote
Republican senator Cynthia Lummis has praised U.S. President Donald Trump for agreeing “to the toughest ethics restrictions” in order to get the Clarity Act over the line.
The pro-crypto senator wrote on X Monday that Trump had agreed to tighter laws which give state attorneys generals standing to sue to enforce the conflict-of-interest rules on federal officials.
Lawmakers will vote on the Clarity Act tomorrow. The bill aims to formally divide oversight between regulators, distinguishing which digital assets are securities, commodities or stablecoins — rules crypto industry executives have long called for.
JUST IN:
— Bitcoin Magazine (@BitcoinMagazine) September 14, 2026
"Time for Democrats to take yes for an answer." pic.twitter.com/3VLn6y4fph
“Back in July, Trump voluntarily put himself, the VP, every federally elected official, judges, and their spouses under the strictest ethics rules this country has ever seen. Most people in Washington never would’ve offered that. Democrats still wanted independent, outside enforcement, not DOJ alone — so Trump went back to the table and gave more,” Lummis said.
She added: “A no vote tomorrow kills the toughest ethics reform this country has ever put on the books, kills consumer protections for every American holding digital assets, and hands the future of this industry to our foreign competitors.”
Alongside senators John Boozman and Tim Scott, Lummis released a new draft of the Clarity Act on Sunday night that gives attorneys enforcement new powers.
An updated draft of the Clarity Act banning government officials from promoting or making money from crypto started circulating in July but Democrats wanted more work on it.
President Donald Trump campaigned on a ticket to help the crypto space but some Washington lawmakers have criticized the way the Trump family has profited from digital asset ventures, such as the President’s memecoin, $TRUMP, and World Liberty Financial project.
Trump and the White House have always denied any conflicts of interest.
Speaking in an interview with Punchbowl News in August, about the Clarity Act and ethics, President Trump pointed out the Democrats have also made money from stock trading.
Though passed by the House of Representatives last year, the Clarity Act has been stalled this year, mostly because the banking lobby clashed with crypto companies over paying customers stablecoin yield.
Republicans like Lummis have accused Democrats of deliberately holding back the bill.
This post Lummis Credits Trump for Ethics Deal as Clarity Act Faces Tuesday Vote first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
Updated Crypto Clarity Act Starts Circulating Days Before Key Vote
A new draft of the long-awaited crypto Clarity Act has dropped with amendments.
As first reported by Eleanor Terrett from Crypto in America and Punchbowl’s Brendan Pedersen, the updated bill contains changes including requiring non-decentralized DeFi protocols to register with the CFTC, and changes around how credit unions deal in crypto, according to reporters.
The specifics include that a decentralized finance app fails the test of being such a protocol test if someone can control or materially alter its functionality, if it doesn’t run solely on pre-established transparent encoded rules, or if someone can restrict or censor its use.
It also adds that a federal credit union may use a digital asset or distributed ledger system to perform, provide, or deliver any activity, function, product, or service it is otherwise authorized by law to perform.
JUST IN:
— Bitcoin Magazine (@BitcoinMagazine) September 10, 2026
"Latest changes include new DeFi requirements and credit union fix" — Punchbowl News
Pass it
Lawmakers were hoping a crucial vote on the crypto market structure bill would go ahead in August before their five-week recess. It was delayed and the Senate will now vote on it on September 15.
The bill is not bipartisan yet, according to the reporters. Senate Republicans started circulating the updated legislation on Thursday.
The Clarity Act drafts a framework to formally divide oversight between regulators, distinguishing which digital assets are securities, commodities or stablecoins. Crypto industry executives have long called for such rules to be in place.
Though passed by the House of Representatives last July, it has been stalled this year, mostly because the banking lobby clashed with crypto companies over paying customers stablecoin yield.
A new draft tackling the issue of ethics started circulating in July, banning government officials from promoting or making money from crypto — something Democrats have criticized the Trump family for doing.
Despite the changes, a group of Democrats said the bill fell short and demanded amendments to the bill.
Pro-crypto lawmakers have blasted Democratic politicians who they think are deliberately holding back the bill.
President Donald Trump has urged lawmakers to get the legislation over the line. In August, he said that in order for the U.S. to remain the “undisputed leader in Bitcoin and crypto,” they had to pass the “very, very powerful legislation.”
This post Updated Crypto Clarity Act Starts Circulating Days Before Key Vote first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
Bitcoin Suffers On Renewed US-Iran Fighting
Bitcoin’s price slid on Thursday after the price of oil shot over $105 a barrel thanks to renewed tensions in the Middle East.
The biggest and oldest cryptocurrency was recently trading for $77,208 after sliding as low as $76,748 — down more than 2% over the past day.
Its dip came after Iran signaled that it had no intention of backing down against U.S. forces. The two countries earlier this week stepped up attacks in some of the heaviest fighting since the war started in February.
Tehran-backed Houthis in Yemen this week hit Saudi Arabian assets, also pushing the price of oil up.
War in the Middle East pushes oil prices higher and makes the chances of interest rate cuts lower because of inflation. Bitcoin has typically performed well in a low interest rate environment and has experienced sell-offs when the Federal Reserve pivots to hawkishness.
The U.S. is currently in the grips of an affordability crisis and rising oil prices are a hot topic ahead of the midterm elections. U.S. President Donald Trump has reassured voters that prices will get under control.
Federal Reserve Chair Kevin Warsh said at his first speech as leader of the central bank and said that inflation in the world’s largest economy had not come down enough.
Traders are now pricing in an interest rate hike next week when the bank meets.
Still, bitcoin had one of its best runs in August after the U.S. Treasury said it would at least double the size of its liquidity-support buyback operations, in response to surging borrowing costs.
The announcement hurt the dollar but non-yielding assets like bitcoin and gold have benefited.
Despite previously trading in line with risk-on assets like tech stocks, bitcoin has this year traded more in tandem with gold as the so-called debasement trade becomes hot again.
Investors have bought the largest cryptocurrency — along with the precious metal — to hedge against the dollar’s decline.
This post Bitcoin Suffers On Renewed US-Iran Fighting first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
Lummis Blasts Democrats Ahead of Clarity Act Vote — But Adds Bill Can Get Passed
Republican Senator Cynthia Lummis has again slammed Democrats over the long-awaited crypto Clarity Act.
Writing on X on Tuesday, the pro-crypto lawmaker responded to an article from Semafor that reported Republican senators saying the bill was likely to fail when the senate returns next week.
Lawmakers were hoping a crucial vote on the long-awaited crypto market structure bill would go ahead in August before their five-week recess. But it was delayed and the Senate will now vote on it next week.
JUST IN:
— Bitcoin Magazine (@BitcoinMagazine) September 8, 2026
Senator Cynthia Lummis says if they fail to pass it next week, "we will not get another realistic shot at this before the end of the decade"
Pass it
“If this bill fails it won’t be because of ethics, it will be because Democrats didn’t join Republicans in embracing a bipartisan bill that protected consumers, cements America’s leadership in digital assets, and empowered law enforcement to clamp down on illicit finance,” wrote Lummis.
She said that Democrats were continuing to “demand changes” that could allow future regulators to “kill the crypto industry.”
“If we can bridge those gaps I’m confident we can pass Clarity, but they require further compromise from Democrats, not the White House,” added Lummis.
Lummis previously said that if the Clarity Act dies, it will be because of the Democrats. Lummis and other pro-crypto lawmakers have blasted politicians who they think are deliberately holding back the bill.
The Clarity Act drafts a framework to formally divide oversight between regulators, distinguishing which digital assets are securities, commodities or stablecoins.
Though passed by the House of Representatives last July, it has been stalled this year, mostly because the banking lobby clashed with crypto companies over paying customers stablecoin yield.
A new draft tackling the issue of ethics started circulating in July, banning government officials from promoting or making money from crypto — something Democrats have criticized the Trump family for doing.
Despite the changes, a group of Democrats said the bill fell short and wanted amendments.
President Donald Trump has urged lawmakers to get the legislation over the line. In August, he said that in order for the U.S. to remain the “undisputed leader in Bitcoin and crypto,” they had to pass the “very, very powerful legislation.”
This post Lummis Blasts Democrats Ahead of Clarity Act Vote — But Adds Bill Can Get Passed first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
National Sheriffs’ Association Drops Opposition to Clarity Act
The National Sheriffs’ Association this week dropped its opposition to the crypto Clarity Act, after having previously warned that the proposed bill could help criminals.
Writing Thursday to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, the association said it was changing its stance to neutral given how complex the issue is.
A number of lawmakers were hoping to vote on the Clarity Act in August. After a delay, a vote will now go ahead this month. The bill will establish a framework for distinguishing between digital assets that are securities, commodities or payment stablecoins — legislation that the crypto industry has long called for.
“Given the complexity of the legislation and the number of important details that remain under consideration, the NSA is changing its position on the Clarity Act to neutral,” the letter from NSA President Sheriff Troy Wellman and Executive Director Justin Smith read.
JUST IN: Major U.S. law enforcement organization National Sheriffs’ Association no longer opposes The Clarity Act
— Bitcoin Magazine (@BitcoinMagazine) September 4, 2026
“We believe the most appropriate course is to step back and allow the legislative process to proceed to establish a…much needed regulatory framework.”
“At this time, we believe the most appropriate course is to step back and allow the legislative process to proceed to establish a clear, effective, and much needed regulatory framework.”
The NSA had previously warned that the bill could create regulatory and anti-money laundering loopholes by exempting certain crypto developers and infrastructure providers from money transmitter rules.
Despite being passed in the house of representatives last year with strong bipartisan support, the Clarity Act has been in a deadlock for much of 2026. The banking lobby raised concerns over stablecoin yield and some lawmakers have said improvements need to be made surrounding ethics.
An updated bill of the Clarity Act was introduced in July that addressed some of these concerns — banning government officials and their families from issuing or promoting crypto.
Pro-crypto senator Cynthia Lummis wrote on Friday that the “bipartisan bill” gives “law enforcement real tools to fight the illicit finance crimes hurting hard working Americans.”
Major financial institutions, lawmakers and companies have said they support the latest draft of the new bill, but some Republicans have accused Democratic lawmakers of deliberately playing politics and holding the bill back.
This post National Sheriffs’ Association Drops Opposition to Clarity Act first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
French Hill Eyes Bipartisan Path for Clarity Act Ahead of September Vote
U.S. congressman French Hill expressed the importance of bipartisan support to get the long-awaited crypto market structure bill, the Clarity Act, over the line before the midterms.
The lawmaker told Fox Business Thursday that Democrats and Republicans have come to “narrow their differences in getting the bill drafted.
Pro-crypto lawmakers were hoping the Clarity Act passed before Congress departed for August recess. After a delay, a vote will now go ahead on September 15.
WATCH: Chairman @RepFrenchHill on the importance of passing the Clarity Act:
— Financial Services GOP (@FinancialCmte) September 3, 2026
"…we passed the CLARITY Act in the House last summer with 78 Democratic votes. It is time for the Senate to join us and pass the CLARITY Act. Members on both sides of the aisle in the Senate have… pic.twitter.com/GMva1XOTDK
“Can Democrats work with Republicans and make sure America leads the world in distributed ledger technology and financial services?” Hill said.
“This one remaining significant issue is the ethics provision, and that is best solved by passing the legislation because everybody — no matter what family they belong to, the Trumps or not — would then be under a regulatory framework fully scrutinized by the United States government in commodity and securities and banking regulators,” he added.
The Clarity Act was first introduced by Hill, the House Financial Services Chairman, last year.
Crypto companies have long called for clear regulations for the industry. The Clarity Act drafts a framework to formally divide oversight between regulators, distinguishing which digital assets are securities, commodities or stablecoins.
The House of Representatives passed the bill last July but it has been stalled this year, mostly because the banking lobby clashed with crypto companies over paying customers stablecoin yield.
A new draft tackling the issue of ethics started circulating in July. It bans government officials from promoting or making money from crypto — something Democrats have criticized the Trump family for doing.
A group of Democrats said the bill fell short and wanted amendments. Some were accused of deliberately holding it back by Republicans like Cynthia Lummis.
Some have praised the bipartisan work that has already gone into the bill, namely Coinbase, America’s biggest crypto exchange. The company’s Chief Policy Officer, Faryar Shirzad, said in July that while some Democratic lawmakers were holding back the long-awaited legislation, younger Democrats wanted to pass it.
President Donald Trump in August said that in order for the U.S. to remain the “undisputed leader in Bitcoin and crypto,” lawmakers had to pass the “very, very powerful legislation.”
This post French Hill Eyes Bipartisan Path for Clarity Act Ahead of September Vote first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
‘Crypto Capital of the World’: SEC Chair Expects Clarity Act to Pass This Month
Wall Street’s top regulator has said that he expects the long-awaited Clarity Act will get passed this month and the U.S. will be on track to be the “crypto capital of the world.”
Speaking to Fox Business on Tuesday, Securities and Exchange Chairman Paul Atkins confirmed that the regulator was pushing ahead with rules to help the crypto industry.
Pro-crypto lawmakers had hoped to pass the Clarity Act before Congress broke for August recess, but the vote slipped to September. The bill will establish a framework for distinguishing between digital assets that are securities, commodities or stablecoins.
JUST IN:
— Bitcoin Magazine (@BitcoinMagazine) September 2, 2026
pic.twitter.com/lcHtWcslgO
“The Clarity Act will be voted on in the Senate on the 15th of September,” Atkins said. “I anticipate and hope that it will be passed by the Senate and sent ultimately to the President’s desk for a signature.”
He added: “We’re changing the past approaches to try to update [rules], modernize them in the age of blockchain and crypto assets.”
Despite a vote on the Clarity Act being delayed, regulators like the SEC and Commodity Futures Trading Commission have said they will still proceed with trying to shape crypto policy.
Last week, the SEC sent a proposal to the White House aiming to “clarify the framework for the custody of crypto assets” for investment advisers and companies.
Despite being passed by the House of Representatives last year, the Clarity Act has been in a deadlock for most of this year after the banking lobby clashed with lawmakers and crypto businesses over whether platforms like Coinbase should be able to pay customers yield.
Some lawmakers have sought to change wording in the bill regarding ethics, and a new bill started circulating in July. The draft bans government officials from promoting and making money from crypto.
But other Democratic lawmakers said it still fell short; a number of pro-crypto Republicans accused Democrats of deliberately playing politics and delaying the bill.
This post ‘Crypto Capital of the World’: SEC Chair Expects Clarity Act to Pass This Month first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
Bitcoin Slides as US-Iran Tensions Escalate
Bitcoin slid on Tuesday after investors went into “risk-off” mode following escalating attacks between the U.S. and Iran.
The largest cryptocurrency had initially shrugged off President Donald Trump’s threats to the Middle Eastern nation, as well as the first strikes.
But things heated up on Tuesday, and bitcoin’s price slid. It was recently down more than 2% on the day, trading for $77,363. The coin had pushed past as high as nearly $81,282 on Friday.
The Tuesday attacks from the U.S. were because Iran tried to put mines in the Strait of Hormuz, and also because of an attack on an American military base in Jordan, according to President Trump.
U.S. Central Command said on X that Iran had also attacked commercial ships.
Today at 12 p.m. ET, U.S. forces began striking Islamic Revolutionary Guard Corps (IRGC) targets in Iran. The strikes follow recent attempted attacks by the IRGC against commercial shipping in the Strait of Hormuz and against American service members deployed to the region.
— U.S. Central Command (@CENTCOM) September 1, 2026
“The strikes follow recent attempted attacks by the Islamic Revolutionary Guard Corps against commercial shipping in the Strait of Hormuz and against American service members deployed to the region,” the post read.
Iran responded with a “decisive operation” against U.S. military bases, according to Iranian media. Oil surged on the news.
Bitcoin’s price has been sensitive to geopolitical tensions this year — especially after Iran and Israel attacked Iran. The cryptocurrency has typically faced downward pressure on news of war, only to then rally when Trump raised hopes of a ceasefire.
Despite Bitcoin’s price being relatively muted, in recent months, it has made more wild swings since mid-August.
Bitcoin’s immediate reaction to rising oil prices is to drop: more expensive energy means higher inflation, and higher inflation typically means the U.S. central bank will postpone rate cuts, which can restrict the liquidity that bitcoin needs to gain momentum.
The Federal Reserve’s chair, Kevin Warsh, last week gave his first major speech as leader of the central bank and said that inflation in the world’s largest economy had not come down enough.
Traders are now no longer pricing in an interest rate cut this year, instead expecting a hike. Bitcoin has typically performed well in the past in low interest rate environments.
Still, the coin had one of its best runs in August after the U.S. Treasury said it would at least double the size of its liquidity-support buyback operations, in response to surging borrowing costs.
The announcement hurt the dollar but non-yielding assets like bitcoin and gold have benefited.
This post Bitcoin Slides as US-Iran Tensions Escalate first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
Bitcoin Defies Seasonal Slump With Third-Best August Ever
Bitcoin is known for its summer slumps. But August was different.
In fact, the leading cryptocurrency had its third best August ever.
As highlighted on Tuesday by Bitwise’s European Head of Research, André Dragosch, bitcoin delivered returns of 25% last month.
“No ‘summer lull’ so far,” Dragosch wrote on X, highlighting that the only better Augusts the coin has had were in 2017 when it gave investors returns of nearly 66%, and 2013, with close to 31%.
OFFICIAL: August 2026 is in the books and it's been the 3rd best August in bitcoin's history.
— André Dragosch, PhD
August 2017: +65.6%
August 2013: +30.7%
August 2026: +25.0%
No "summer lull" so far. pic.twitter.com/jwHt2VP5Sk
Multiple analyses point to the months of June-September showing weaker average returns than the rest of the year.
Throughout most of June and July, bitcoin’s volatility was particularly muted, and the coin traded below $65,000.
But that changed in mid-August after the U.S. Treasury Department said it would more than double the size of its government debt repurchases due to fixed income markets under pressure and yields surging to levels not seen in nearly 20 years.
Lower long-term yields reduce the opportunity cost of holding non-yielding assets like bitcoin and gold, and generally support risk-on sentiment.
Investors flooded into bitcoin as a result.
Positive news soon followed, with President Donald Trump urging lawmakers to get the long-awaited crypto Clarity Act over the line. The digital asset industry has long called for clear rules on how regulators should treat bitcoin, stablecoins and other cryptocurrencies.
Despite a delay in a vote on the legislation, Trump called the draft “very powerful.” The president made the comments after having met with crypto industry bigwigs and CEOs.
Investors also rushed back into ETFs in August, throwing over $2.8 billion at the vehicles — the most since October, when the coin hit a new all-time high.
Bitcoin in August had its best run in three years — and is up nearly over 20% over the past month.
The asset reached as high as $81,281 last week before sliding again on Friday.
Bitcoin’s price recently stood at $76,883, nearly down 3% over a 24-hour period.
This post Bitcoin Defies Seasonal Slump With Third-Best August Ever first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
Bitcoin Unfazed by Trump’s Iran Threats
Bitcoin on Monday shrugged off tensions in the Middle East, barely moving despite U.S. President Donald Trump vowing to hit Iran hard.
The price of the biggest cryptocurrency recently stood at $79,076, unmoved over a 24-hour period. The coin also hasn’t budged from where it stood seven days ago.
Geopolitical strife has this year hurt Bitcoin’s price, with the cryptocurrency typically facing downward pressure on news of war and rallied in hopes of a ceasefire.
When the U.S. and Israel first attacked Iran in February, the coin nosedived, and had been shaky on news of war in March and April.
But in recent months, Bitcoin’s volatility has been muted, according to analysts, and Monday was no different: President Trump promised to hit Iran again but the asset didn’t flinch.
“We’re going to hit them hard,” President Trump was quoted telling a Fox News reporter on Monday. The U.S. and Iran started strikes again on Sunday — the first in over one month.
Bitcoin started a phenomenal run two weeks ago — its best in three years — and is up nearly 30% over the past month.
Its price started surging after the U.S. Treasury would at least double the size of its liquidity-support buyback operations. The announcement hurt the dollar but non-yielding assets like bitcoin and gold have benefited.
Positive regulatory news has also helped bitcoin this month: President Donald Trump this month said that the long-awaited crypto Clarity Act was a “very, very powerful” piece of legislation, and urged lawmakers to get it over the line.
The Clarity Act aims to establish a framework for distinguishing between digital assets that are securities, commodities or payment stablecoins — legislation that the crypto industry has long called for.
JUST IN: Crypto ETFs attracted $3.2 billion in inflows last week, "their largest weekly intake since October 2025", The Kobeissi Letter reports.
— Bitcoin Magazine (@BitcoinMagazine) August 31, 2026
BlackRock's IBIT led with $928 million last week, adding to their $1.3 billion from the prior week, and marking the biggest 2-week… pic.twitter.com/ROC9tYPMGN
Investors have piled back into exchange-traded funds this month, too, which has also helped bitcoin’s price. From August 17 to 27, investors threw over $2.8 billion at the vehicles — the most since October.
Bitcoin reached as high as $81,281 last week before sliding again on Friday.
This post Bitcoin Unfazed by Trump’s Iran Threats first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
Bitcoin Again Flirts With $81,000 Ahead of Fed’s Jackson Hole Meeting
Bitcoin again closed in on the $81,000 mark on Thursday before dropping again as its stellar week continued.
The leading cryptocurrency was recently trading for $80,236 after notching as high as $80,793 earlier in the day in New York.
Bitcoin is now up more than 2% over the past day after gaining 10% in a week. The coin’s rise comes ahead of Federal Reserve Chair Kevin Warsh’s keynote on Friday where he is expected to talk about digital payments — including crypto.
JUST IN: The Bitcoin Fear & Greed Index is now up to 71, "Greed"
— Bitcoin Magazine (@BitcoinMagazine) August 27, 2026
Bullish
The Federal Reserve Bank of Kansas City will hold the annual event at Jackson Hole, Wyoming, where central bankers, Federal Reserve officials, policymakers and academics will gather to discuss “Financial Innovation: Implications for Payments and Policy.”
According to the Federal Reserve Bank of Kansas City website, this year’s event will touch on how “recent years have seen a dramatic increase in innovation in financial intermediation and payments,” including new technologies such as “cryptocurrencies and stablecoins.”
It will be Warsh’s first major speech as chairman of the Federal Reserve. Warsh, who has made pro-Bitcoin statements in the past, has been reluctant to lower interest rates; President Donald Trump, who nominated Warsh, has since last year pushed for borrowing costs to come down.
Bitcoin in the past has done well in a low interest rate environment.
Bitcoin’s run started last week when it sustained its biggest run in years following positive regulatory news and an announcement from the U.S. Treasury.
But recent positive regulatory news has helped the coin. While a vote on the long-awaited crypto Clarity Act has been delayed until September, President Donald Trump last week said that the bill was a “very, very powerful” piece of legislation, and urged lawmakers to get it over the line.
The proposed law will establish a framework for distinguishing between digital assets that are securities, commodities or payment stablecoins — legislation that the crypto industry has long called for.
And U.S. Treasury Secretary Scott Bessent also last week announced the department would double the size of its long-dated bond buybacks.
The news sent yields down lower; lower long-term yields reduces the opportunity cost of holding non-yielding assets like bitcoin and gold, and generally supports risk-on sentiment.
This post Bitcoin Again Flirts With $81,000 Ahead of Fed’s Jackson Hole Meeting first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
Forget the Trump Bump — Bitcoin Would Be Fine Under Democrats, Says VanEck
President Donald Trump may be the most crypto-friendly leader the U.S. has had so far — but what would happen to Bitcoin if the Democrats were to get back in power?
Well, it wouldn’t necessarily be bad, according to asset manager VanEck’s Head of Digital Assets Research, Matthew Sigel.
Speaking on CNBC Wednesday, the analyst also said that contrary to what many believe, ex-President Joe Biden wasn’t anti-Bitcoin.
Republicans have repeatedly blasted Democrats as anti-crypto. Regulators under ex-president Joe Biden cracked down on digital asset companies, filing various lawsuits.
“Biden was actually okay for Bitcoin,” Sigel said. “It’s the rest of cryptos that might have a problem [if Democrats get back in power].”
He added: “With the ascendant socialist wing of the Democrat Party, I can tell you here in New York City that there are plenty who are reminded of why there is value in a decentralized, scarce asset that can’t be printed and spent on nonsense.”
President Trump campaigned on a ticket to help the digital asset industry and has passed a number of pro-crypto executive orders, including setting up a Bitcoin Strategic Reserve.
The price of Bitcoin surged off the back of Trump’s 2024 victory and notched a new record last year. Despite some sluggish months in 2026, the leading digital asset began to rise again last week after the president urged lawmakers to get the long-awaited crypto Clarity Act over the line.
Bitcoin has jumped nearly 24% over the past seven days, touching as high as $81,160 this week before dropping again to its current price of $78,438.
Pro-crypto lawmakers had hoped to pass the Clarity Act before Congress broke for August recess, but the vote slipped to September after Democrats balked at the latest draft.
Some Republican senators have accused Democrats of deliberately holding the legislation back.
The Clarity Act aims to create a legal framework classifying digital assets as securities, commodities or payment stablecoins, and determining which regulator oversees each.
Sigel’s comments echo those of Coinbase’s Chief Policy Officer, Faryar Shirzad, who said in July that crypto was “maybe the most bipartisan issue in Washington.”
Speaking about the delay in a vote on the Clarity Act, Shirzad said that while some lawmakers were holding back the long-awaited legislation, younger Democrats were for the framework.
“A lot of the opposition is generational — so it is Democrats who oppose it — but I think younger members who understand the technology, understand that money is transforming how we should engage financially, how we need to adapt, and so it’s really a generational shift,” he said on The Hill’s Rising show.
This post Forget the Trump Bump — Bitcoin Would Be Fine Under Democrats, Says VanEck first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
SEC Sends Proposal to White House To Modernize Crypto Custody
The Securities and Exchange Commission has sent a proposal to the White House aiming to “clarify the framework for the custody of crypto assets” for investment advisers and companies.
In a rule change sent Tuesday, the regulator said it wanted to “improve and modernize the regulations” surrounding custody for the crypto space.
The proposal comes after a vote was delayed on the long-awaited Clarity Act. Despite the delay, regulators like the SEC and Commodity Futures Trading Commission have said they will still proceed with trying to shape crypto policy.
JUST IN:
— Bitcoin Magazine (@BitcoinMagazine) August 26, 2026
“This rulemaking would clarify the framework for the custody of crypto assets for investment adviser and investment companies, as well as make other modernizations needed to remove burdens from certain outdated provisions that are no longer needed to provide investor protection given the evolution in the markets and security trading and holding practices,” the proposal read.
Pro-crypto lawmakers had hoped to pass the Clarity Act before Congress broke for August recess, but the vote slipped to September after Democrats balked at the latest draft.
Some Republican senators — like Senator Cynthia Lummis — accused some of deliberately holding it back.
Still, pro-crypto regulators want to press ahead. CFTC Chairman Michael Selig has said he will proceed with rulemaking whether or not the Clarity Act is enacted, aiming to finalise rules before the administration’s term is out.
And earlier this month, the SEC proposed its own framework to allow token issuers to raise money in the U.S. without falling foul of securities laws.
President Donald Trump campaigned on a ticket to help the crypto industry and received major backing from Silicon Valley entrepreneurs. Since taking office, regulators have taken a remarkably different approach to watchdogging the digital asset space.
The president last week urged lawmakers to get the Clarity Act over the line. SEC Chair Paul Atkins has said he is “committed to supporting Congress in advancing” the bill.
This post SEC Sends Proposal to White House To Modernize Crypto Custody first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
Smart Money Helping Support Bitcoin Rebound, Says Pantera Capital
American investment firm Pantera Capital’s portfolio manager has said “smart money” is helping push bitcoin’s price higher.
Cosmo Jiang, portfolio manager at the firm, said in a Friday CNBC interview that the next resistance for the coin’s price could be around $80,000 and that while small pullback was possible, “smart money” was now flooding into the space.
Bitcoin surged this week on positive regulatory news coming out of the U.S. and news that the Treasury Department would at least double the size of its long-dated bond buybacks.
JUST IN: $3.8 billion Pantera Capital tells CNBC the Bitcoin price is starting to “reverse” to the upside
— Bitcoin Magazine (@BitcoinMagazine) August 21, 2026
"There's smart money now coming in, and there's real fundamentals to support the rebound in prices.”
“From everything we see, positioning is starting to reverse,” Jiang said.
“People are going from very much on the sidelines and even net short positioning to now realizing they want to be long, for what could be a very big technology.”
Bitcoin was recently priced at $77,412 after surging more than 23% over the past week. The biggest cryptocurrency touched as high as $79,319 earlier on Friday.
While spending most of June and July below $65,000, bitcoin has benefited from news that came out of the White House this week.
President Donald Trump held a meeting with crypto executives earlier in the week, and urged lawmakers to get the long-awaited Clarity Act over the line.
The crypto legislation, which aims to make it clear which digital assets the SEC and CFTC will watchdog, has been called for by industry bigwigs for years. A vote will now go ahead on the proposed law in September.
Bitcoin surged on Trump’s comments. On the same day, U.S. Treasury Secretary Scott Bessent said the department would at least double the size of its long-dated bond buybacks.
Non-yielding assets including bitcoin and gold jumped on the news.
Jiang added that a slew of positive fundamentals in the crypto space — including stablecoin adoption, prediction markets, perpetual futures, and “the crossover of AI” — would help push bitcoin’s price higher.
“It’s really hard not to be bullish,” he said.
This post Smart Money Helping Support Bitcoin Rebound, Says Pantera Capital first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Bitcoin Magazine
Bitcoin Could Attract More Buyers As Fast Money Is Washed Out, Says Lyn Alden
Macroeconomist and author Lyn Alden has said that while sentiment for Bitcoin has been low in recent months, there are “not a lot of downside catalysts” for the asset left.
Speaking in a Thursday interview with CNBC, Alden said that the “fast money” has been washed out and market observers are not expecting Bitcoin treasury Strategy to sell anymore.
Alden’s comments come after Bitcoin shot up this week. The leading cryptocurrency was recently trading for $72,660 — a more than 6% 24-hour rise — after reaching $72,890 earlier on Thursday.
“By almost every metric, Bitcoin is near the low end of its valuation and sentiment range,” Alden said.
“Even relatively small upside gains at this point can attract new types of buyers — once people see that the chart doesn’t look bad anymore, you can get technical traders coming back in; if you get further momentum, say months from now, you could get more momentum traders back in.”
Bitcoin shot up following President Trump held a meeting at the White House with crypto executives and urged lawmakers to pass the long-anticipated crypto market structure bill, the Clarity Act.
The president said Wednesday that the Clarity Act was a “very, very powerful” piece of legislation and urged lawmakers to pass it.
Crypto industry companies have long been waiting for the crypto legislation. The Clarity Act was passed by the House of Representatives last year but has largely remained in deadlock this year. Some lawmakers were hoping for a vote in August but that will now go ahead in September.
Alden added that while Bitcoin isn’t necessarily “out of the woods yet,” hard assets like Bitcoin that are “under-owned” will come out winning over the long-run.
Bitcoin notched a record in October of $126,080 but has been in a bear market in 2026 as traders have increasingly pivoted to artificial intelligence-related tech stocks, and the Federal Reserve has hinted that interest rates will not come down anytime soon.
This post Bitcoin Could Attract More Buyers As Fast Money Is Washed Out, Says Lyn Alden first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Login