Donavan McKinney, running against Michigan incumbent Shri Thanedar, said that “the crypto lobby is paying my opponent back for helping Trump“ with the PAC-funded ads.

According to Senator Cynthia Lummis, one of the bill’s advocates, the ethics language would apply to US presidents’ crypto ventures, including Donald Trump’s.

The group alleged that the tax signed into law in June “discriminates against people who transact in digital assets“ and should be blocked from implementation and enforcement.

According to one lawyer testifying before a House subcommittee hearing, the CLARITY Act could grant the CFTC the authority it needs to address the “explosive growth of prediction markets.”

A senior official with Pakistan’s Federal Investigation Agency reportedly recommended other agencies establish similar units to address crypto-related crime.

The price of Bitcoin moved above $66,000 to reach a seven-week high on Tuesday as reports circulated of a deal with the White House to address ethics in the CLARITY Act.

Coinbase vice chair Ryan VanGrack said that Democratic lawmakers had added provisions on customer protection to a digital asset market structure bill under consideration in the US Senate.

The wallet company said it expected the layoffs to generate between $10 million and $13 million in savings as part of its strategy to build a full-stack card issuance and payments platform.

The West African country’s executive order established a virtual asset council and addressed the fragmentation of crypto regulation for oversight and enforcement.

The FTX Recovery Trust and company have distributed about $10 billion since the exchange filed for bankruptcy in November 2022, leaving users cut off from their funds.

Through an introduction with a “reputable third-party service provider,“ the company took on a developer who, as part of an investigation, was revealed to be tied to North Korea.

With the Senate likely voting on a crypto bill within days, Elizabeth Warren asked for information on Donald Trump’s earnings between January and July ahead of a 2027 deadline.

The round of layoffs was part of Polygon transitioning operations to payments following a $250 million deal to acquire Coinme and Sequence in January.

Anton Bukov said that he no longer takes an active role at 1inch and was “fired” in 2025 after pushing for changes to the company’s management and operations.

The Dutch Authority for the Financial Markets approved BitPay’s application as a crypto-asset service provider under the Markets in Crypto-Assets requirements.

A former CFTC commissioner urged lawmakers not to “kill all the hard work that we put in the rest of the bill” by making ethics a make-or-break issue on crypto market structure.

Dubai’s Virtual Assets Regulatory Authority approved the London-headquartered fintech company for broker-dealer, management and investment, and exchange services in the UAE.

President Donald Trump’s pick for attorney general faced criticism from members of the Senate Judiciary Committee on his approach to crypto enforcement and the pardon of former Binance CEO Changpeng Zhao.

Senate Majority Leader John Thune reportedly said the chamber will consider a vote on the crypto market structure bill before Aug. 10, though it’s unclear whether it has enough Democratic support to pass.

The two governments issued recommendations on the treatment of digital assets as the US prepares to implement a 2025 law on payment stablecoins.