Bitcoin Magazine

‘Bitcoin Senator’ Cynthia Lummis Blasts Democrats For Stalling Crypto Clarity Act

Republican Senator Cynthia Lummis has again attacked the Democrats for holding back the long-awaited crypto Clarity Act. 

Speaking on the Crypto in America podcast Thursday, Lummis said that the bill could have been passed months ago but is unfairly being held back. 

Lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. 

JUST IN: Sen. Cynthia Lummis says a Senate vote is still on track before the August recess

"Sen. Thune has kept a place for the CLARITY ACT on the agenda before the August recess…and I believe he does intend to go through with it…We will be moving forward." pic.twitter.com/FxVlbtgbNr

— Bitcoin Magazine (@BitcoinMagazine) July 30, 2026

“The biggest obstacle is that the Democrats, in spite of having 11 months to work on this bill intensely, which we have done, still won’t commit to voting for it, and that that is the bigger challenge,” Lummis said. 

“When we started working with [the Democrats] last Labor Day, the Clarity Act was about 300 pages — it’s getting closer to 700 pages. Most of those new pages were added at the requests of Democrats.”

She added: “This messing around, this pussyfooting around with, I want to change this, no, I want to change it back, I like the House version, no, let’s go with the Senate version, and then bringing last minute changes to this bill that could have been brought weeks ago — in fact, months ago — is absurd, and I’m just tired of being played.”

Major financial institutions, lawmakers and companies have thrown their weight behind the new bill, but a group of Democrats last week said in a statement that the bill in its current form falls short.   

Still, Lummis added that while lawmakers had a lot to vote on before the August recess, there was still a chance the bill could fit into a slot. 

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, partially the banking lobby raised concerns over stablecoin yield. 

An updated bill of the Clarity Act was introduced last week that addressed ethics concerns — banning government officials and their families from issuing or promoting crypto. 

Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. If passed, the long-awaited bill would create a regulatory framework for the cryptocurrency market.

Trump ally Lummis is one of the most pro-crypto senators on Capitol Hill, even earning the name “Bitcoin Senator.” 

The Republican helped draft the Bitcoin Act for a Bitcoin strategic reserve, and co-sponsored the 2025’s GENIUS Act to regulate stablecoins.

This post ‘Bitcoin Senator’ Cynthia Lummis Blasts Democrats For Stalling Crypto Clarity Act first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Treasury Strategy Posts $8.2B Loss As BTC Price Suffered

Bitcoin treasury company Strategy reported a loss of $8.22 billion for the second quarter of 2026 thanks to the falling price of the leading cryptocurrency. 

In its quarterly report, Nasdaq-listed Strategy (MSTR) — formerly MicroStrategy — put the loss down to the Bitcoin price crash, even as the company continued raising capital, buying more Bitcoin and paying down debt.

In the same period of 2025, Strategy reported a net income of $10.02 billion. 

“In the second quarter of 2026, Strategy strengthened its balance sheet while navigating a meaningful Bitcoin price decline,” Strategy CEO and President Phong Le said in a statement. 

Chairman and the architect behind the software company’s Bitcoin-buying masterplan, Michael Saylor, added: “In the midst of this phase of muted Bitcoin sentiment and market skepticism, we continue to evolve our business model and establish digital credit as a new asset class.”

Bitcoin’s price is down nearly 50% from the all-time high of $126,080 it notched in October 2025. The leading cryptocurrency was recently priced at $64,745, down 26% year-to-date. 

Over the quarter, the Tysons, Virginia-based company said it increased its Bitcoin holdings by 11%. Strategy now holds 843,775 Bitcoins worth $54.6 billion at today’s prices.

Strategy for the past five weeks had paused its Bitcoin buys, instead focusing on putting more cash on its balance sheet. 

Investors buy Strategy’s stock to get leveraged exposure to Bitcoin. But when the price of the asset dips, MSTR also suffers. 

MSTR stock is currently down over 80% from its 2024 peak of over $500 per share. 

The company has other offerings, including STRC, a product that pays investors a dividend. 

This post Bitcoin Treasury Strategy Posts $8.2B Loss As BTC Price Suffered first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Legendary Investor Ray Dalio Still Holds Bitcoin — But Only 1% of His Portfolio 

Legendary investor Ray Dalio still only holds 1% of his portfolio in Bitcoin — and prefers gold instead. 

Speaking on a Thursday episode of the Diary of a CEO podcast, the Bridgewater Associates founder explained that while there are different types of money, and Bitcoin was one of them, gold was a better investment.  

Dalio has gone from saying he wouldn’t invest in Bitcoin over the years to finally admitting it was in his portfolio. 

“[Bitcoin] is a type of money that can’t be printed, but there are technologies that can hurt it — in other words, if there’s quantum computing,” he said. 

“And it can be monitored by governments and so on, and it could be taxed. And digital currencies are somewhat similar.”

Dalio added that Bitcoin only makes up 1% of his portfolio. “I prefer that — I’m pointing to the gold bars here — rather than the Bitcoin,” he added on the show. 

Last year, Dalio also admitted that Bitcoin only made up 1% of his investments. 

This isn’t the first time Dalio has criticized Bitcoin and praised gold: Back in 2020, the billionaire investor said that the cryptocurrency was too volatile to use as money but said everyone should have some gold in their portfolio. 

Dalio continued that governments could crack down on Bitcoin. “When the governments say I don’t want it, they have the power, therefore, to do whatever they want with it, and central banks will not own any significant amount of that because of the reason I said: they want their transactions to be private and in their control.”

While Dalio still takes a cautious approach to Bitcoin buying, over the years, the asset has become more widely accepted among traditional investors and even Wall Street heavyweights — including BlackRock, the world’s largest asset manager.  

BlackRock CEO Larry Fink in recent years has called Bitcoin an “international asset” and a way of “digitizing gold.” 

This post Legendary Investor Ray Dalio Still Holds Bitcoin — But Only 1% of His Portfolio  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Treasury Secretary Scott Bessent Urges Lawmakers to Vote on Clarity Act, Quotes Satoshi Nakamoto

U.S. Treasury Secretary Scott Bessent on Thursday became the latest major figure to support the crypto Clarity Act — and quoted Satoshi Nakamoto while doing it. 

Writing on X, the politician urged the Senate “vote NOW on this landmark legislation,” and blasted Democrats — focusing on Elizabeth Warren — for holding back the bill. 

Lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. 

JUST IN: Treasury Secretary Scott Bessent says Senate Democrats are stalling the Clarity Act:

“The Senate needs to vote NOW on this landmark legislation.”

"I believe Satoshi once said it best: If you don’t believe me or don’t get it, I don’t have time to try to convince you,… pic.twitter.com/9gQh45N31h

— Bitcoin Magazine (@BitcoinMagazine) July 30, 2026

“The truth is that Senate Democrats are afraid to advance the Clarity Act as they fear Senator Warren and the ‘Anti-Crypto Army’ she once promised to build,” wrote Bessent.  

He added: “Will Senate Democrats be on the side of American Exceptionalism, or will they opt to cede American leadership of a global industry for fear of the bespectacled squirrel’s Left flank?”

“America will lead or America won’t. It’s not more complicated than that. I believe Satoshi once said it best: ‘If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.'”

Democrat Senator Warren has long criticized the crypto industry. Her attacks on the space have become fiercer following President Donald Trump’s support for all things crypto. 

Lawmakers are currently mulling over a new draft of the Clarity Act. A number of major nonprofits and financial institutions have backed the bill, which includes amendments addressing ethics, but some Democrats are still unhappy with how it is worded. 

Warren last week blasted the bill, claiming it would “make it easier for criminals to move money” and that “it does not stop Donald Trump from cashing in on his presidency.”

President Trump campaigned on a ticket to help the crypto industry and received major backing from digital asset entrepreneurs. 

But some Washington lawmakers have criticized the way the Trump family has profited from digital asset ventures, such as the Republican’s meme coin, TRUMP, and World Liberty Financial project. 

Trump and the White House have always denied any conflicts of interest. 

US banking representatives, regulators and crypto bigwigs have been meeting at the White House to work on the Clarity Act since last year. 

If approved, it would set in stone crypto regulation in the world’s largest economy. 

This post Treasury Secretary Scott Bessent Urges Lawmakers to Vote on Clarity Act, Quotes Satoshi Nakamoto first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Professional Law Enforcement Group Backs Crypto’s CLARITY Act, Adding Pressure Before August Recess

More support has been thrown behind the Clarity Act as lawmakers rush to get the long-awaited bill over the line. This time from the Major Cities Chiefs Association. 

The nonprofit — made up of police chiefs from major U.S. cities — said Thursday that it was happy with how the bill addresses financial crime. 

Lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. 

JUST IN: Pro organization of police executives representing the largest cities in the U.S. now officially endorse the passage of the Clarity Act: pic.twitter.com/r6YnaTrrW5

— Bitcoin Magazine (@BitcoinMagazine) July 30, 2026

“The most recent changes to the legislation have earned MCCA’s support,” a letter from the organization, first posted on X by Semafor White House reporter Eleanor Mueller, reads. 

“Critically, the bill now includes a new title with additional law enforcement provisions,” it continued, adding that the latest update “represents a meaningful step toward improving the ability of law enforcement to investigate financial crimes involving digital assets.”

Last week, The National Fraternal Order of Police said it supported the bill. And Democratic Senator Catherine Cortez Masto this week sent some suggested changes to the bill, along with two law enforcement groups, that she said they felt “good” about. 

Major financial institutions, lawmakers and companies have said they support the latest draft of the new bill, but a group of Democrats last week said in a statement that the legislation in its current form falls short.  

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 last week that addressed some of these concerns — banning government officials and their families from issuing or promoting crypto. 

Democrats — and some Republicans — have criticized President Trump’s crypto business interests, with some alleging conflicts of interest as his family has made money from meme coins and the decentralized finance protocol, World Liberty Financial. 

Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. The long-awaited bill aims to create a regulatory framework for the cryptocurrency market in the U.S.

This post Professional Law Enforcement Group Backs Crypto’s CLARITY Act, Adding Pressure Before August Recess first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

NYSE-Listed AI Company Taps Lightning Network to Pay Employees In Bitcoin

Publicly traded AI operating system Vida Global (NYSE American: VIDA) has said it has started paying employees in Bitcoin using the Lightning network — but in a way where the company does not have the leading crypto on its balance sheet. 

The Austin, Texas-based company said Thursday that after a worker in Argentina asked to be paid in Bitcoin, the firm tapped Bitcoin infrastructure company Voltage to make the transaction. 

But the company is not keeping Bitcoin on its books: it simply sends the cash amount via Voltage’s platform, the employees receive payment in Bitcoin, and Vida’s balance sheet remains in dollars. 

“Vida has a global team, including team members in Argentina who prefer to be paid in Bitcoin because of challenges with their local currency,” Vida CEO Lyle Pratt said. 

“Voltage facilitates the Bitcoin payments, and we settle the balance in U.S. dollars at the end of the month, just like a standard vendor invoice. It has made offering Bitcoin payments remarkably simple for both our team and our finance operations.”

Pratt added the setup meets employee needs without adding crypto complexity to accounting.

Voltage CEO Graham Krizek said it was solving a mismatch between “global by default” AI companies and payment rails that haven’t kept up.

“Their team members get paid in seconds in the money they actually want, and their finance team never touches crypto,” he said. “When a public company runs part of its team compensation on Bitcoin rails and the books stay boring, that’s the point.”

Lightning is another network that skirts transactions around the main chain, cutting costs and increasing speed — originally designed so people could use Bitcoin for daily purchases.

Bitcoin maxis like Twitter co-founder Jack Dorsey have since integrated the network into their businesses, payments platform, Cash App and his PoS terminals, Square.

This post NYSE-Listed AI Company Taps Lightning Network to Pay Employees In Bitcoin first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Spanish Bank Banco Santander Reveals $4.3M Bitcoin Investment

Spain’s largest bank, Banco Santander, has revealed a $4.3 million investment in Bitcoin. 

According to a Securities and Exchange Commission filing, the Madrid-based bank bought the exposure via BlackRock’s iShares Bitcoin Trust — a total of 129,615 shares. 

The filing is the latest example of a traditional institution seeking exposure to the biggest cryptocurrency by market cap. 

JUST IN: Spain's largest bank, Banco Santander, reports owning $4.3 million in spot Bitcoin ETFs pic.twitter.com/HfbuaTc3Fh

— Bitcoin Magazine (@BitcoinMagazine) July 30, 2026

Over the past year, Santander’s digital bank, Openbank, has allowed customers to buy Bitcoin and other cryptocurrencies and began a more friendly approach to marketing digital assets to customers. 

BlackRock’s Bitcoin Trust (IBIT) allows investors to buy exposure to Bitcoin without having to own and store the digital coin directly. 

The shares trade on a stock exchange and can be bought quickly and easily via a brokerage account. 

BlackRock’s IBIT is the most successful crypto ETF: The fund has received more inflows than any other crypto ETF, currently holding $46.9 billion in assets under management, according to its website. 

Other major institutions have bought exposure to Bitcoin via the ETFs after their 2024 approval. A large number of investors were previously put off by having to deal with things like storage and private keys but once the SEC approved a slew of ETFs in 2024, new capital entered the space. 

The crypto ETF market is already a crowded one, with popular products by top asset managers BlackRock, Fidelity, and bank Morgan Stanley already on the market.

U.S. Bitcoin funds currently manage over $83 billion in assets, according to CoinGlass data. 

This post Spanish Bank Banco Santander Reveals $4.3M Bitcoin Investment first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Republican Senator Cynthia Lummis Slams Democrat Lawmakers For Dragging Their Feet Over Clarity Act 

Pro-crypto Senator Cynthia Lummis on Wednesday slammed Democrats for holding back the Clarity Act. 

Speaking on the Senate floor, Senator Lummis, of Wyoming, spoke of the bipartisan work that had gone into the bill — but questioned why it was stalling. 

Lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. 

JUST IN: Republican Senator Cynthia Lummis calls out the Democrats for holding up the Clarity Act:

"After nearly 11 months of giving almost everything asked of us, I genuinely don't know what else my Democrat colleagues need before we act."
pic.twitter.com/1SMzfkNVfQ

— Bitcoin Magazine (@BitcoinMagazine) July 29, 2026

“This is a very good bill: good for the country, good for consumers, and good for the people we all represent on both sides of this aisle,” said Senator Lummis. 

“And after 11 months of giving nearly everything that was asked of us, I am genuinely struggling to understand what else my colleagues across the aisle think it needs before we act.” 

Major financial institutions, lawmakers and companies have thrown their weight behind the new bill, but a group of Democrats last week said in a statement that the bill in its current form falls short.  

A number of lawmakers are hoping the bill gets passed before Congress departs for August recess. 

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, partially the banking lobby raised concerns over stablecoin yield. 

An updated bill of the Clarity Act was introduced last week that addressed ethics concerns — banning government officials and their families from issuing or promoting crypto. 

Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. If passed, the long-awaited bill would create a regulatory framework for the cryptocurrency market.

Conservative Lummis earned the name “Bitcoin Senator” over the years for her pro-crypto approach on Capitol Hill.

The 71-year-old senator has admitted owning the leading cryptocurrency since 2013 and has been vital in pro-crypto legislation, including by helping draft the Bitcoin Act for a Bitcoin strategic reserve, and co-sponsoring the 2025’s GENIUS Act to regulate stablecoins.

This post Republican Senator Cynthia Lummis Slams Democrat Lawmakers For Dragging Their Feet Over Clarity Act  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Barely Budges as Fed Keeps Interest Rates Unchanged

Bitcoin was trading higher on Wednesday — but only slightly — after the Federal Reserve decided to keep interest rates still. 

The leading cryptocurrency was recently priced at close to $64,402 per coin, after moving up by nearly 1% in the hour following the announcement. 

As expected, the U.S. central bank left the federal funds rate in the 3.50%-3.75% range. Three of the 12 members of the policy-setting Federal Open Market Committee “preferred” a quarter-percentage-point hike at this meeting. 

BREAKING:  Federal Reserve officially leaves interest rates unchanged at 3.5-3.75%. pic.twitter.com/mkMnSee2ou

— Bitcoin Magazine (@BitcoinMagazine) July 29, 2026

Speaking to the press following the announcement, the Fed’s new Chair, Kevin Warsh, revealed little about where the central bank would go next. 

“The Fed’s on the case,” he said. “I’ve been heartened by the reception I’ve received. We’re committed as ever to deliver.” 

He added that the July rate decision was “a rigorous review of the economic situation.”

“I wouldn’t characterize what we did as anything like a pause,” he said. “I would characterize what we did as a rigorous review of the economic situation. I would characterize what we did as a review of the big, hard questions.”

Warsh, who took over in May, has said he has “no tolerance” for inflation that has been running above the central bank’s target for more than five years.

Bitcoin has typically performed well in a low-interest rate environment, and crypto investors have been hoping the Federal Reserve would cut rates to boost digital assets. 

President Donald Trump since taking office has pushed for lower interest rates, and clashed with ex-Fed chair Jerome Powell over the matter. 

For now, Warsh doesn’t seem like he’ll be going in that direction as sticky inflation continues to bother Americans. 

The Federal Reserve started aggressively raising rates in 2022 in a bid to control 40-year-high inflation spurred by the COVID-19 pandemic. Bitcoin was hit by the tightening.

Then, in 2024, the central bank repeatedly cut rates. It has been hesitant to lower them since the end of 2025. 

This post Bitcoin Barely Budges as Fed Keeps Interest Rates Unchanged first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Democratic Senator Backs Clarity Act — With Proposed Law Enforcement Changes Included: Report 

Bipartisan work on the long-awaited Clarity Act continues after Democratic senator Catherine Cortez Masto said that she, along with two law enforcement groups, are feeling “good” about proposed changes to the bill, according to a news report. 

Along with the National Association of Assistant U.S. Attorneys and the National District Attorneys Association, Cortez backed changes to the bill and said they felt positive about “the chance to resolve this issue once and for all,” according to a POLITICO report.

The changes were sent to the White House. A number of lawmakers are hoping the Clarity Act — which would set in stone crypto regulation in the U.S. — gets passed before Congress departs for August recess. But some sticking points remain — particularly with Democrats. 

JUST IN: Sen. Catherine Cortez Masto backs the new CLARITY ACT proposal sent to the White House saying:

"We feel good about the chance to resolve this issue once and for all" – POLITICO pic.twitter.com/Bn3b7dcz8e

— Bitcoin Magazine (@BitcoinMagazine) July 29, 2026

According to the news report, the changes proposed by the law enforcement groups refer to a small section of the bill which seeks to protect some crypto software developers and firms from being prosecuted for illicit activity committed by others on platforms they create.

A new version of the Clarity Act has been circulating amongst lawmakers since last week; it has changes regarding ethics and bans officials and their families from issuing or promoting crypto — something lawmakers previously had issue with.

The Clarity Act was passed last year by the House of Representatives but has been in deadlock in 2026 while regulators and banking chiefs hash out a new version of the bill. 

The banking lobby has raised concerns over stablecoins and the yield they would potentially pay customers and some Democrats think the bill falls short regarding ethical issues.  

Still, the bill has been worked on by both Republicans and Democrats — despite crypto legislation being something pushed by pro-crypto President Donald Trump. 

Major institutions, including Fidelity and Goldman Sachs, as well as crypto lobby groups and politicians, have said the revised bill works in its current form. 

This post Democratic Senator Backs Clarity Act — With Proposed Law Enforcement Changes Included: Report  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Banking Lobby CEO Talks Crypto Clarity Act as Senators Race To Pass Bill

The CEO of the American Bankers Association, Rob Nichols, has said that the banking lobby wants the Clarity Act to succeed — but small edits to the bill still need to be made.

Speaking on CNBC’s Squawk Box show Wednesday, Nichols said that while there is a “lot of good” in the Clarity Act, the issue around stablecoins and local lending needs to be fixed. 

JUST IN: American Bankers Association CEO tells CNBC "There's a lot of good in the Clarity Act"

"I do think that the crypto and the banking sectors can coexist. I think we can be the crypto capital of the world."

"We're working with the Senators" on this bill. pic.twitter.com/3SldlEBEOS

— Bitcoin Magazine (@BitcoinMagazine) July 29, 2026

A number of lawmakers are hoping the Clarity Act — which would set in stone crypto regulation in the U.S. — gets passed before Congress departs for August recess. But a sticking point of the bill has been related to concerns banking chiefs have over stablecoin yield. 

“The bill is about 600 pages and there’s only two paragraphs where we’re suggesting tiny surgical edits,” said Nichols. 

“I do think that the crypto and the banking sectors can coexist. I think we can be the crypto capital of the world and I think we can be the banking capital of the world.”

The bill was passed last year by the House of Representatives but has been in deadlock after banking chiefs raised concerns over stablecoins and the yield they would potentially pay customers. 

America’s biggest crypto exchange, Coinbase, pulled support for the bill in January after clashing with banking chiefs who said that earning yield on stablecoins should be banned. 

U.S. banks have said they could lose customers if crypto exchanges offer more attractive products for their deposit base. 

Coinbase’s Chief Policy Officer, Faryar Shirzad, this week shrugged off the concerns that the banking lobby has, claiming that top lenders are already adopting crypto technology.

Top U.S. banks — including JP Morgan and Bank of America — have expressed interest or already started debuting stablecoin products, which run on blockchain technology. 

A new draft circulating last week bans officials and their families from issuing or promoting crypto — something opposition lawmakers previously had issue with.

GOP lawmakers are pushing Democrats to pass the bill. Bipartisan support for the bill exists though some lawmakers — such as senator Elizabeth Warren — have criticized the draft, claiming it would allow President Donald Trump to make money from crypto, as well as benefit criminals. 

Major institutions, including Fidelity and Goldman Sachs, as well as crypto lobby groups and politicians, have said the revised bill works in its current format. 

This post Banking Lobby CEO Talks Crypto Clarity Act as Senators Race To Pass Bill first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE

Crypto investment firm Digital Currency Group is the latest big name to throw its weight behind the Clarity Act. 

In a statement posted Wednesday, the conglomerate said that the current draft of the long-awaited bill “offers exactly the kind of certainty our industry needs to grow and thrive responsibly.”

A number of lawmakers are hoping the Clarity Act — which would set in stone crypto regulation in the U.S. — gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. 

“The bill is the product of serious negotiation and reflects genuine compromise from industry, advocates, and members on both sides of the aisle,” the statement read. 

“The competitive stakes could not be higher. The United States has long been the global center of technological innovation, but we are ceding ground at an alarming pace,” it continued, adding that “talent, capital, and innovative companies” are looking to countries like Singapore and the United Arab Emirates to set up shop. 

Crypto giant DCG has over 200 companies in its portfolio, most notably Grayscale, the manager of the Grayscale Bitcoin Trust.

Lawmakers have been working on the Clarity Act since last year. Republicans passed the bill in 2025 but it has been in a deadlock this year, partially because banking chiefs raised concerns over stablecoin yield. 

A new draft circulating last week bans officials and their families from issuing or promoting crypto — something opposition lawmakers previously had issue with.

GOP lawmakers are pushing Democrats to pass the bill. Bipartisan support for the bill exists though some lawmakers — such as senator Elizabeth Warren — have criticized the draft, claiming it would allow President Donald Trump to make money from crypto, as well as benefit criminals. 

A group of Democrats last week penned a statement claiming the bill in its current form falls short. 

Major institutions, including Fidelity and Goldman Sachs, as well as crypto lobby groups and politicians, have said the revised bill works in its current format. 

This post Crypto Giant DCG Warns Senate: Pass Clarity Act or Lose Ground to Singapore, UAE first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

SEC Chairman Says He’s ‘Committed’ to Helping Advance Crypto Clarity Act 

Securities and Exchange Commission Chairman Paul Atkins has thrown support behind the long-awaited crypto market structure bill. 

Writing on X Tuesday, the chief of Wall Street’s biggest regulator said that he was “committed to supporting Congress in advancing” the bill. 

A number of lawmakers are hoping the Clarity Act gets passed before Congress departs for August recess. While the bill has been drafted bipartisanly, some Democrats are unhappy with the current version. 

JUST IN: SEC Chair Paul Atkins says he will support Congress in passing the Clarity Act:

“I am committed to supporting Congress in advancing the CLARITY Act, including providing technical assistance.” pic.twitter.com/wRRbnY9vXu

— Bitcoin Magazine (@BitcoinMagazine) July 28, 2026

“American leadership in the digital finance revolution means matching the energy of American innovators with a regulatory framework worthy of them,” wrote Atkins on the social media platform, adding a video from a Monday CNBC interview where he spoke about the need for such a bill. 

Chosen by President Trump, Atkins was officially sworn in as the 34th Chairman of the SEC last year. He has taken a far more crypto-friendly approach to regulating the space compared to his predecessor, Gary Gensler. 

The regulator is the latest big name to push for the Clarity Act to get over the line. 

Major financial institutions like Fidelity and Goldman Sachs have thrown their weight behind the new bill, but a group of Democrats last week said in a statement that the bill in its current form falls short.  

A number of lawmakers are hoping the bill gets passed before Congress departs for August recess. 

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, partially because the banking lobby raised concerns over stablecoin yield and Democrats were worried over language surrounding ethics.

Banking lobbyists have said that if crypto exchanges pay attractive yields to customers, banks could lose their deposit base. 

An updated bill of the Clarity Act was introduced last week that addressed the ethics concerns, banning government officials and their families from issuing or promoting crypto. 

Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. If passed, the long-awaited bill would create a regulatory framework for the cryptocurrency market.

This post SEC Chairman Says He’s ‘Committed’ to Helping Advance Crypto Clarity Act  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Dubai-Based Emirates Airline Adds Bitcoin and Crypto Payments 

People can now pay with Bitcoin to buy flights from Dubai-based airline Emirates. 

Working with Crypto.com, Emirates said Tuesday the customers now have the option to book flights using the crypto exchange’s payment feature.

Crypto.com and Emirates last year announced they would work together. 

Emirates’ Deputy President and Chief Commercial Officer Adnan Kazim said the move “reflects the rapidly evolving preferences of a younger, digitally fluent generation who manage their money and plan their journeys primarily from their phones and they expect the airlines they fly with to keep pace.”

Emirates first teased plans back in 2022 to implement Bitcoin payments; the latest move allows Crypto.com customers to use any digital assets to make payments. 

Under the new setup, travelers with a Crypto.com account can select Crypto.com Pay at checkout when booking on emirates.com or through the Emirates App. 

The option is limited for now to eligible UAE residents making bookings priced and settled in Emirati Dirham.

The integration runs through Crypto.com’s Dubai-licensed entity, which the company says was the first virtual asset service provider to receive a Stored Value Facilities license from the Central Bank of the UAE. 

The launch also feeds into wider government targets. It supports Dubai’s Cashless Strategy, part of the D33 Economic Agenda, which is aiming to make 90% of transactions across the emirate’s government and private sectors digital by the end of 2026. 

It follows on from an earlier Emirates partnership with Dubai Finance to advance digital payments, and comes after Crypto.com struck its own deal with Dubai Finance to accept digital payments for government services.

This post Dubai-Based Emirates Airline Adds Bitcoin and Crypto Payments  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bitcoin Dips As Crypto Clarity Act Hopes Fade 

Bitcoin’s price slid further on Tuesday as investors weighed up the chances of lawmakers voting on the long-awaited crypto Clarity Act. 

The price of Bitcoin was recently $63,634 after sliding 2% over a 24-hour period. The cryptocurrency dropped as low as $62,784 at one point. 

Market observers now give the Clarity Act a 35% chance of getting signed into law this year on crypto betting platform Polymarket. 

While major financial institutions like Fidelity and Goldman Sachs have thrown their weight behind the new bill, some Democrats are still unhappy with it in its current form. A group of Democrats last week said in a statement that the bill in its current form falls short.  

A number of lawmakers are hoping the bill gets passed before Congress departs for August recess. 

U.S. lawmakers have an action packed week of voting before its five-week recess, including sweeping Russian energy sanctions. 

JUST IN: Sen. Mike Haridopolos talks CLARITY ACT on FOX

"The Clarity Act helps grow the American economy…CLARITY will allow us to make sure that we are the center of the action on digital assets, blockchain, and the internet in general." pic.twitter.com/x4NtD6sTx6

— Bitcoin Magazine (@BitcoinMagazine) July 28, 2026

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, partially because big bankers raised concerns over stablecoin yield among Democrat concerns around ethics language.

Banking lobbyists have said that if crypto exchanges pay attractive yields to customers, banks could lose their deposit base. 

An updated bill of the Clarity Act was introduced last week that addressed the ethics concerns, banning government officials and their families from issuing or promoting crypto. 

Republicans are hoping to gain bipartisan support for the bill this week to advance the legislation. If passed, the long-awaited bill would create a regulatory framework for the cryptocurrency market.

This post Bitcoin Dips As Crypto Clarity Act Hopes Fade  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Core Scientific Adds More Bitcoin To Balance Sheet in Q2 Despite Selling Strategy

Nasdaq-listed miner Core Scientific is rebuilding its Bitcoin treasury after seeing its balance sheet shrink at the start of this year. 

In a regulatory filing Tuesday, the miner said it had a total of 848 Bitcoins — worth over $54 million at today’s prices — after finishing the first quarter of this year with 547 Bitcoins. 

Core Scientific finished 2025 with 2,537 but started aggressively selling coins to fund its transition to the AI and high-powered computing industry. 

But the miner has started stacking Bitcoin again, using coins from mining, in order to have a strong balance sheet. It added 301 coins this quarter alone. 

Selling Bitcoins can reduce reliance on equity issuance or additional borrowing, especially in a higher-interest rate environment. It also gives a company more cash on hand.

Core Scientific shares (CORZ) were trading about 2% lower Tuesday afternoon in New York. 

The company, which operates data centers across Alabama, Georgia, Kentucky, North Carolina, North Dakota, Oklahoma, and Texas, added that its revenue in the second quarter of this year rose sharply to $164.2 million from $78.6 million in Q2 2025. 

Gross profit rose to $70 million from $5 million in the same period as the year before. 

Core Scientific is one of a number of top publicly listed miners that have started directing resources to providing the infrastructure for high-powered computing.

On Tuesday, the miner signed a deal with chipmaker AMD for 2.5 gigawatts ‌of data center capacity. The deal will give ​AMD access to more than 500 megawatts of Core Scientific’s AI-ready ‌data ⁠center capacity. 

A number of Bitcoin miners have already gone all-in on the industry as minting the biggest digital coin by market cap becomes harder and demand for AI compute surges. 

Instead of dropping mining operations completely, a number of Bitcoin miners have instead marketed themselves as “compute” or “digital infrastructure” companies while switching between minting digital coins and providing compute for AI — depending on which is more profitable.

Branching out into AI data centers isn’t always easy for miners as the world of HPC requires more expertise with heating, ventilation and air conditioning systems than those for Bitcoin mining.

This post Core Scientific Adds More Bitcoin To Balance Sheet in Q2 Despite Selling Strategy first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Bank of Russia Creates New Rules For Crypto Trading 

Russia’s central bank on Monday published draft regulations for the trading of digital currencies. 

The Bank of Russia released the changes to its “organized trading” rules, including the term “digital currency” throughout. 

The new rules are for organizations like crypto exchanges, which now have to report digital assets into their existing systems for pricing, monitoring and reporting — using the same processes they already run for regular currencies and securities.

NEW: Bank of Russia says it has drafted "first regulations to launch cryptocurrency market in Russia."

"The Bank of Russia has created conditions for organised trading in digital currencies and digital rights." pic.twitter.com/vrj0Qgo7A9

— Bitcoin Magazine (@BitcoinMagazine) July 28, 2026

Russia’s central bank is implementing the new rules as the State Duma prepares comprehensive regulation of crypto. 

Pro-Bitcoin Russia? 

While the new rules don’t specifically mention Bitcoin, Russia has a complex relationship with the leading cryptocurrency. 

Using crypto has been illegal in Russia as a form of payment since 2022 but lawmakers in the country have been open about using them for international settlements.

President Vladimir Putin has also spoken about how the country has “competitive advantages” when it comes to Bitcoin mining due to the abundance of cheap energy in Russia. 

And back in 2023, the Russian legislature passed a bill legalizing the use of digital currency as a way to make international payments. 

The bill likely has helped the country skirt international sanctions: The U.S. and European governments sanctioned Russia when it annexed Crimea in 2014, and Western nations have stepped up penalties since it invaded Ukraine in 2022.

President Putin even hinted that the country had been using Bitcoin specifically: While speaking at a forum in Moscow in December 2024, he said that new technologies were emerging that could help people move money. 

“For example, Bitcoin, who can ban it? Nobody,” he said at the time. 

This post Bank of Russia Creates New Rules For Crypto Trading  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Hyperscale Ups Bitcoin Stash, Bridging Holdings to Over 1,106 Coins

Hyperscale Data, Inc. announced another Bitcoin buy, bringing its holdings up to 1,106 digital coins — worth $69.7 million at today’s prices.

NYSE-listed Hyperscale added just 18.594 Bitcoin to its stash since last week’s buy of 51.5 coins.

Hyperscale shares (GPUS) were trading nearly 4% lower Tuesday morning in New York. 

“Every Bitcoin we acquire further strengthens Hyperscale Data’s balance sheet and expands our financial flexibility,” Milton ‘Todd’ Ault III, Hyperscale Data’s executive chairman, said. 

“A stronger and larger Bitcoin treasury gives us additional options to finance growth, pursue strategic opportunities, and create long-term value for our stockholders. We intend to continue building our Bitcoin position over time.”

The holdings are split across the company’s wholly owned subsidiaries, Sentinum, Inc. and Ault Capital Group, Inc. (ACG). 

The buildout is part of the company’s goal of establishing a $100 million digital asset treasury and reaching full parity between its Bitcoin holdings and market capitalization. 

Hyperscale is following in the footsteps of Strategy — formerly MicroStrategy — by using spare cash to buy Bitcoin. 

Under the leadership of Michael Saylor, Strategy shifted from a traditional software business to buying Bitcoin and allowing investors to get exposure to the asset via its shares which trade on the Nasdaq. 

This model has inspired other corporations to add the leading cryptocurrency to their treasuries — though Hyperscale’s case is unusual in that its holdings now exceed its entire market cap, a situation more commonly seen in deeply discounted treasury plays.

This post Hyperscale Ups Bitcoin Stash, Bridging Holdings to Over 1,106 Coins first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Coinbase Chief Policy Officer Praises Crypto Clarity Act as “Extraordinarily Bipartisan”

Coinbase’s Chief Policy Officer, Faryar Shirzad, struck an optimistic tone regarding the long-awaited Clarity Act on Monday, claiming there was bipartisan support for the bill in its current form.  

Speaking to Fox Business Monday, Shirzad said it was time for Democrats and Republicans to unite on the Clarity Act — and added that a vote could come as soon as next week. 

“This bill is an extraordinarily bipartisan piece of work,” he said. “It’s ready for final action. We’re very excited it’s going to get done.”

JUST IN: Coinbase Chief Policy Officer talks CLARITY ACT on FOX

"This bill is an extraordinarily bipartisan piece of work. It's ready for final action. We're very excited it's going to get done…I think we'll have a vote as early as Monday of next week" pic.twitter.com/J6iYcGs5c3

— Bitcoin Magazine (@BitcoinMagazine) July 27, 2026

Lawmakers have been mulling over the Clarity Act since last year, which would set in stone crypto regulation. 

A new draft started circulating last week which bans officials and their families from issuing or promoting crypto — something opposition lawmakers previously had issue with. 

But some Democrats are still unhappy with the bill in its current form. A group of Democrats last week said in a statement that the bill in its current form falls short. 

The bill has been in a deadlock this year, partially because banking chiefs raised concerns over stablecoin yield and ethics concerns. 

Banking lobbyists have said that if crypto exchanges pay attractive yields to customers, banks could lose their deposit base. 

But Shirzad shrugged off the concerns, claiming that banks are adopting crypto technology already. 

“The irony of the situation we’re facing with the banking lobby in Washington is that all the banks are actually moving quickly to adopt crypto and stablecoin in their own systems,” he continued. 

“I think the adoption by the banks tells you that as much as the lobbyists in Washington are resisting change, the long-term plan for the banks at the top is to adopt the technology, and it’ll be a win-win outcome.”

Top U.S. banks — including JP Morgan and Bank of America — have expressed interest or already started debuting stablecoin products, which run on blockchain technology. 

This post Coinbase Chief Policy Officer Praises Crypto Clarity Act as “Extraordinarily Bipartisan” first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.

Bitcoin Magazine

Republicans Hope For Democratic Support on Crypto Clarity Act 

Lawmakers are hoping to push through the crypto market structure bill this week but the Democrats are holding things back, according to Senator Dave McCormick.

Speaking to Fox Business on Friday, the Republican senator said that a vote needs to happen now. 

“The Democrats are starting to think, ‘We don’t want to give it a win,'” said McCormick. 

Writing on X today, he added: “The time for delay is over. Bring the Clarity Act to the Senate Floor for a vote and let every senator go on the record. America needs clear rules that protect consumers and keep digital asset innovation and jobs here at home.”

NEW: Sen. Dave McCormic on CLARITY ACT

"The time for delay is over."

"Bring the CLARITY Act to the Senate Floor for a vote and let every senator go on the record." pic.twitter.com/FvHck526kE

— Bitcoin Magazine (@BitcoinMagazine) July 27, 2026

Lawmakers have been mulling over the Clarity Act since last year, which would set in stone crypto regulation. The bill has been in a deadlock this year, partially because banking chiefs raised concerns over stablecoin yield and ethics concerns.

A new draft circulating last week bans officials and their families from issuing or promoting crypto — something opposition lawmakers previously had issue with.

Now, GOP lawmakers are hoping to get backing from Democrats to pass the bill. Bipartisan support for the bill exists though some lawmakers — such as senator Elizabeth Warren — have criticized the draft, claiming it would allow President Donald Trump to make money from crypto, as well as benefit criminals. 

A group of Democrats last week penned a statement claiming the bill in its current form falls short. 

Major institutions, including Fidelity and Goldman Sachs, as well as crypto lobby groups and politicians, have said the revised bill works in its current format. 

Democrats — and some Republicans — have criticized President Trump’s crypto business interests, with some alleging conflicts of interest as his family has made money from meme coins and the decentralized finance protocol, World Liberty Financial. 

Despite the Trump family being heavily involved in crypto, and the president winning office after receiving backing from major crypto entrepreneurs, the White House has always denied any wrongdoing on part of the President. 

This post Republicans Hope For Democratic Support on Crypto Clarity Act  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.