The U.S. Senate returns from recess on September 14 with 14 working days to advance the Digital Asset Market Clarity Act before midterm campaigning halts legislative activity. The bill would establish a regulatory framework for crypto assets, with major banks supporting clear rules while raising concerns about stablecoin provisions.
The UK's National Crime Agency has frozen approximately $13.5 million held in a Premier League bank account under the Proceeds of Crime Act as part of an investigation into crypto fantasy sports platform Sorare.
A Public Citizen report found investors in Donald Trump's cryptocurrency ventures—including the TRUMP memecoin, World Liberty Financial, NFTs, and Trump Media's crypto holdings—face at least $4.7 billion in losses, while Trump personally earned approximately $1.4 billion from these projects in 2025. The report comes amid growing scrutiny of conflicts of interest in the Trump family's crypto dealings.
The American Bankers Association is lobbying for regulations requiring stablecoin users to open accounts before redemption and seeking changes to stablecoin reward provisions in the Clarity Act, citing concerns about community bank deposits despite evidence showing deposit growth.
Political action committees funded by the cryptocurrency industry, including Fairshake PAC which invested $20 million, achieved victories in three US state primary elections on Tuesday, potentially establishing a pattern for the 2026 midterm elections.
Earnings reports from cryptocurrency companies indicate a strategic pivot away from speculative hype toward more disciplined operational and financial practices, signaling a potential maturation phase for the digital asset industry.
