How the Failure of the Clarity Act Gave Control of Crypto to the SEC and CFTC
In brief The Senate voted 49-50 against advancing the Clarity Act. Democrats united in opposition, joined by three Republicans. While this led to blame games among party members, a group of seven Democrats described it as “a setback, but not the end.” As frustrations with Congress mount, industry leaders are looking to regulators for support. […]
Senate does not pass Clarity Act, a setback for the crypto industry before the 2026 midterms
Senate Fails to Advance Clarity Act, Impacting Crypto Industry On Tuesday, the Senate’s attempt to push forward the Clarity Act fell short, marking a significant setback for the crypto sector. This legislation, which could have paved the way for clearer regulations, may now face even greater challenges, especially if Democrats secure more seats in the […]
Clarity Act does not pass in Senate as Senator Lummis declares crypto bill is finished
A significant cryptocurrency regulatory proposal supported by President Donald Trump has encountered major setbacks in the Senate, making its future uncertain. The Clarity Act couldn’t clear an essential procedural requirement on Tuesday, marking a significant defeat for its advocates, which include influential figures in the crypto sector and the administration, as they aim to integrate […]
Richard Tice supports Reform’s crypto advocates.
Farage’s Party Faces Scrutiny Over Donations It’s quite remarkable how much influence a select few can wield in British politics. You might expect Nigel Farage to explain the unexpected financial support his party, Reform, has received from Christopher Harborne and Ben Delo. After all, these two self-made crypto billionaires seem relatable—folks who understand hard work […]
Finance minister candidate supports January crypto tax implementation despite pushback from the industry and opposition.
The nominee for the Ministry of Finance and Economy, Lee Hyoung-il, has stated on Sunday his commitment to implement the cryptocurrency tax starting next January, despite facing opposition from industry stakeholders and lawmakers. In documents prepared for a confirmation hearing scheduled for Tuesday, Lee, who is currently the first vice finance minister, indicated that final […]
Another crypto billionaire gives a historic $49 million to the far-right Reform UK.
A second billionaire from the UK has made a significant donation of nearly $49 million to the far-right Reform UK party, matching a similar contribution from another businessman the previous day. In a piece for the Daily Telegraph on Saturday, Christopher Harborne, the donor, described his $48.7 million (£36 million) gift as a “philanthropic contribution” […]
Suspected leader of crypto scam scheduled for plea hearing in $240M bitcoin theft
A 22-year-old man from Singapore, Malone Lam, is expected to plead guilty this week after being accused of his role in the theft of over $240 million in Bitcoin from a single victim. This case is considered one of the largest cryptocurrency thefts in U.S. history. Lam, who dropped out of school in the eighth […]
Eric Trump States ‘The Shift Has Happened’ For Bitcoin As AI And Institutions Drive Crypto Use
Shifts in Bitcoin Markets Bitcoin (BTC) markets are seeing a significant transformation, with institutional investors now taking the lead over retail traders in influencing cryptocurrency prices, according to Eric Trump. This shift seems to be driven by increased adoption of AI and a more welcoming regulatory landscape for cryptocurrencies, as noted by the co-founder of […]
Charles Schwab Broadens Crypto Trading to Include More Than Just Bitcoin and Ethereum
In brief Schwab plans to introduce trading for Solana, Avalanche, and Chainlink “in the coming months.” The company started offering Bitcoin and Ethereum trading in May. Eligible clients will incur a 0.75% fee for each crypto transaction. Charles Schwab, the prominent financial services firm, announced on Thursday its intention to expand its crypto trading options […]
Crypto advocacy group supported by Coinbase backs 32 candidates favorable to the industry in the midterm elections.
Stand With Crypto Endorses Congressional Candidates Stand With Crypto, an advocacy group endorsed by the prominent cryptocurrency platform Coinbase, announced on Monday that it is backing 32 incumbent congressional candidates ahead of the midterm elections in November. This move highlights the growing influence of the cryptocurrency sector in Washington. The endorsements, initially reported by Reuters, […]