Senate won't vote on crypto Clarity Act before its summer break
The U.S. Senate won't go on its August recess just yet but it will not vote on the Clarity Act this month, dimming hopes that the bill can become law this…
Power struggle erupts at Ondo Finance after founder’s death
Three Delaware court filings reveal a battle for control of Ondo Finance after founder Nathan Allman's death. Source：CoinDesk
NFT startup founder charged with misusing funds from $10 million fundraising
Federal prosecutors say Taj Tarsha misled backers and used investor funds for personal expenses. Source：CoinDesk
Here are the possible outcomes for Clarity right now
The Senate has not yet indicated if it will advance the Digital Asset Market Clarity Act, and with its summer recess looming, here are the possible outcomes.…
Senator Warren questions US AI chip policy after Trump crypto investment: Report
The lawmaker reportedly sent a letter to the Commerce Secretary demanding answers about the administration’s treatment of the UAE following investments in the…
Crypto's campaign efforts see rare loss, but crypto roster in Congress likely to grow
The leading industry PAC, Fairshake, put $2 million into a Detroit Democratic primary but came up short, even as several PACbacked candidates won elsewhere.…
As Clarity Act teeters, mystery group hammers away at crypto in Washington ads
Crypto Watchdog has taken to warning people in DC about the hazards of digital assets, and its director won't say who is backing it. Source：CoinDesk
South African lawmakers propose draft rules on cross-border crypto transactions
A draft rulebook proposes that sending crypto offshore must be conducted through an authorized provider and be reported to the central bank’s FinSurv.…
U.S. FBI intelligence agent arrested in connection with theft of $1 million in crypto
The agent, who had "top secret" clearance and worked in FBI headquarters, was accused of taking crypto from wallets the agency had investigated. Source：CoinDesk
Bernstein sees another leg lower for crypto markets if Clarity Act stalls
The broker said failure to pass the Clarity Act this year would likely send crypto lower, but expects U.S. regulators to accelerate rulemaking. Source：CoinDesk
CLARITY Act failure could send crypto valuations lower: Bernstein
Bernstein said Congress’s failure to pass the CLARITY Act’s could trigger another leg down for crypto valuations and accelerate policy support from US…
Bitget set to exit Japan, close all remaining positions by year-end
The crypto trading platform, ranked fifth on CoinGecko, stopped accepting new registrations on Sunday and plans to shut down all remaining positions by Dec.…