The UK's Crypto and Digital Assets All-Party Parliamentary Group has written to chief executives of all major UK banks requesting they explain their policies on providing services to cryptocurrency companies, warning that service denials threaten industry growth.
Mark Esper, former U.S. Defense Secretary and Coinbase adviser, called on the Senate to pass the CLARITY Act in a Financial Times op-ed, arguing that digital asset regulation is essential to counter threats from China and North Korea. The appeal comes as Senate Majority Leader John Thune filed a motion to proceed on the bill, setting up a procedural vote for September.
Senate Majority Leader John Thune filed a procedural motion to advance the Digital Asset Market Clarity Act on August 8, setting up a potential September 15 vote, but the Senate then departed for August recess without holding the vote, reducing the bill's chances of passing before midterm elections.
A bipartisan ethics proposal within the crypto market structure bill being pitched to President Donald Trump could create a significant tax benefit for the president by allowing him to defer taxes on his cryptocurrency holdings rather than requiring immediate divestment.
The U.S. Senate postponed a vote on the Digital Asset Market Clarity Act until September after Democrats withheld consent needed to bring the crypto market structure bill to the floor before the August recess. Senate Majority Leader John Thune filed a motion to proceed, setting up a procedural vote when Congress returns.
U.S. Representative Shri Thanedar was defeated by progressive challenger Donavan McKinney in Michigan's 13th Congressional District Democratic primary, marking a rare loss for crypto-backed political action committees despite over $2 million in support. The race drew national attention as a test of crypto industry political influence and progressive organizing power.
Bitcoin and major cryptocurrencies remained range-bound near $64,000 and failed to participate in broader market rallies driven by US-Iran diplomatic progress and renewed AI optimism, while crypto-backed congressional candidate Shri Thanedar lost his primary despite $2 million in industry support.
The Senate's cryptocurrency market structure legislation, known as the CLARITY Act, faces a tight timeline for a vote before the August recess, with Senate Majority Leader John Thune indicating an initial vote is expected but the bill reportedly remains seven votes short of the 60 needed for passage. The White House is reviewing the latest draft as bipartisan negotiations intensify.
The cryptocurrency industry has invested close to $200 million in the November 2026 midterm elections, with crypto-backed PACs like Fairshake helping pro-crypto candidates win primary races in Michigan and Washington. The spending includes over $2 million in Michigan's 13th Congressional District alone.
The cryptocurrency industry has invested close to $200 million in the November 2026 midterm elections, with crypto-backed PACs like Fairshake helping pro-crypto candidates win primary races in Michigan and Washington. The spending includes over $2 million in Michigan's 13th Congressional District alone.
The Digital Asset Market Clarity Act faces likely failure to advance before the Senate's August recess, with the White House reviewing the latest draft but procedural deadlines passing. Analysts are split on whether missing the deadline would hurt or help crypto markets.
The Digital Asset Market Clarity Act remains stuck in the Senate despite clearing the House and Senate committee, with Republican Senator Cynthia Lummis criticizing Democrats for delaying the 600-page bill that includes over 100 compromises from 11 months of negotiations.
The U.S. Senate postponed consideration of the crypto Clarity Act to prioritize a Russia sanctions package, federal nominations, and other legislative business. The delay pushes the bill's next likely window toward September as the August recess approaches.
Goldman Sachs CEO David Solomon endorsed the Digital Asset Market Clarity Act on July 23, splitting from major banking trade groups who oppose the bill's stablecoin provisions. Solomon argued the legislation would provide needed regulatory certainty.
The Senate's CLARITY Act, a major cryptocurrency regulatory framework bill, is expected to miss its vote before the August recess despite industry pressure. The legislation has become mired in controversy over provisions that would ban federal officials, including presidents, from issuing digital assets—a measure targeting concerns about President Trump's crypto holdings.
Crypto trade association The Digital Chamber filed a lawsuit on July 21, 2026, seeking to block Illinois' Digital Asset Tax Act, which imposes a 0.2% tax on digital asset transactions. The organization argues the law unconstitutionally discriminates against blockchain-based commerce by taxing transaction value rather than profits or gains.
Protect Progress PAC, funded largely by Ripple Labs and Coinbase, has spent more than $2 million on ads supporting Rep. Shri Thanedar and opposing challenger Donavan McKinney in Michigan's 13th Congressional District Democratic primary ahead of next week's election.
President Donald Trump is scheduled to meet with Republican senators at the White House on Thursday afternoon to address the final obstacle to passing the Digital Asset Market Clarity Act: an ethics provision concerning Trump's $1.4 billion in crypto income. Senate Democrats are threatening to block the bill without stronger conflict-of-interest protections before the August recess deadline.
President Donald Trump held a meeting with senators on Thursday, July 16, 2026, to address the ethics provision in the Clarity Act that would limit officials' personal involvement in cryptocurrency business—the last major obstacle to passing sweeping crypto market structure legislation. The provision has drawn scrutiny given Trump's reported $1.4 billion in crypto holdings.
Patrick Witt, the White House's lead crypto policy adviser, will begin months-long Army National Guard training on July 27, handing the CLARITY Act's final push to his deputy as the bill nears a Senate vote before August recess.
Multiple investigations reveal connections between Reform UK leader Nigel Farage's biggest donor and the cryptocurrency company Tether, the world's largest gold purchaser, while separate reports expose far-right political operations running from Montenegro. The controversy intensifies amid Farage's comments on Ann Widdecombe's death.
Senator Elizabeth Warren and Democrats are pushing for ethics restrictions in the cryptocurrency Clarity Act as it heads to the Senate floor, citing President Trump's estimated $1-1.4 billion in crypto holdings as a conflict of interest. The White House is pressuring the Senate to pass the bill within 24 days before the August recess.
Cryptocurrency companies have spent $189 million on the 2026 U.S. midterm elections, making the crypto industry the single largest corporate political spender in American politics and surpassing their total spending from the entire 2024 election cycle, according to a Public Citizen report.
The Independent Community Bankers of America, representing thousands of small and mid-sized U.S. banks, is launching an advertising campaign warning of digital asset risks and targeting specific stablecoin reward language in the Clarity Act, escalating tensions between traditional banking and cryptocurrency sectors.
A survey by Digital Currency Group and The Harris Poll reveals that 40% of US voters now consider cryptocurrency a major issue for the 2026 elections, prompting lawmakers like Senator Tim Scott to warn that the US risks losing its leadership in digital assets without clear regulations.
A House committee hearing on six to seven GOP-backed cryptocurrency tax bills revealed sharp divisions between Republicans and Democrats over proposals to exempt staking and mining rewards from taxation and other digital asset tax reforms. Democrats questioned whether the legislation would unfairly favor crypto over traditional investments.
Stand With Crypto and more than 200 companies and organizations sent a letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer on June 7, 2026, pressing them to bring the Digital Asset Market Clarity Act to the Senate floor for a vote.
Senator Elizabeth Warren demanded records from the CFTC regarding staff departures and oversight of prediction markets and crypto firms, calling the agency 'steamrolled,' as the House Ways and Means Committee separately weighs multiple crypto tax relief bills including provisions for stablecoins.
A new cryptocurrency-focused political action committee called Defend Developers PAC (DDPAC) launched on June 3, 2026, with the mission of supporting lawmakers who seek to shield software developers in the crypto and blockchain sectors from legal vulnerabilities and regulatory uncertainties.
White House crypto adviser Patrick Witt and Treasury Secretary Scott Bessent are urging the Senate to pass the Clarity Act crypto market structure bill, while 160 former law enforcement and national security officials signed a letter supporting the legislation. The bill faces a tight congressional calendar as the Senate resumes floor negotiations.
CFTC Chair Michael Selig stated the agency is correcting what he called a flawed enforcement action against Gemini Space Station, the Winklevoss brothers' crypto exchange, alleging the case represented political 'lawfare' and attempting to undo a 2025 settlement.
Cryptocurrency political action committees, led by Fairshake PAC, went undefeated in June 2026 primary elections, securing victories for 11 candidates across both parties. Winners included Democrats Zoe Lofgren, Ted Lieu, Dave Min, and Rob Menendez, as well as Republican Sen. Mike Rounds, with Democrats accounting for 10 of the 11 victories.
Treasury Secretary Scott Bessent told the Senate Finance Committee that the Trump administration is moving at a 'deliberate speed' to establish a strategic bitcoin reserve and urged Congress to pass the Clarity Act by summer, as the bill faces competition for limited Senate floor time.
Galaxy Digital has opened an over-the-counter prediction markets trading desk for institutional investors, executing its first trade—a $10 million bet with hedge fund Arca on the passage of the CLARITY Act, U.S. crypto legislation.
The US Senate is advancing stablecoin legislation through the Clarity Act while blocking CBDCs, as Andreessen Horowitz urges the Treasury to establish uniform stablecoin regulations under the GENIUS Act to preserve token fungibility and enable payment innovation.
The U.S. Securities and Exchange Commission released its strategic plan for 2026-2030 highlighting digital assets and blockchain as key regulatory priorities, while the Senate prepares to vote on the CLARITY Act this month amid warnings that delays could push comprehensive crypto regulation to 2030.
The cryptocurrency industry has rapidly grown into a significant political force in American elections, spending millions on campaigns, while House Financial Services Committee Chair Rep. French Hill discusses outstanding tokenization policy issues in recent interview.
JPMorgan Chase CEO Jamie Dimon sharply criticized Coinbase CEO Brian Armstrong and the crypto industry's Clarity Act legislation, prompting Senate Banking Subcommittee Chair Cynthia Lummis to call his remarks 'distasteful' and claim he hasn't read the bill. The clash highlights escalating tensions between traditional banking and crypto interests in Washington.
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.
The U.S. Senate Banking Committee voted on May 14, 2026 to advance the Clarity Act, a comprehensive cryptocurrency regulation bill, marking the first major legislative progress for the crypto industry. The approval came despite minority staff releasing a national security advisory warning the bill fails to address vulnerabilities exploited by criminals and foreign adversaries.
Coinbase, Kraken, and Gemini are pushing lawmakers to eliminate provisions in the CLARITY Act that would bar listing of digital assets at risk of manipulation, seeking to ease restrictions on risky asset trading.
The Senate Banking Committee has set May 14, 2026 as the date to mark up the Digital Asset Market Clarity Act, a major cryptocurrency market structure bill, despite resistance from banking lobby groups who rejected a compromise on stablecoin yield provisions.
Coinbase and Senate leaders finalized a deal on stablecoin reward provisions, resolving a standoff with the banking lobby. The compromise prohibits rewards that mimic bank deposits while allowing 'bona fide' transactions, clearing a key obstacle for the CLARITY Act's advancement.
Canada's Bill C-25, the Strong and Free Elections Act, cleared second reading with Conservative support and heads to committee. The legislation would prohibit cryptocurrency contributions to political campaigns, even as the country expands oversight of stablecoins and digital asset markets.
The DeFi Education Fund, joined by a16z crypto, Uniswap, Chainlink, Paradigm, Solana Policy Institute, and 30+ other organizations, formally petitioned the SEC to lock in recent decentralized finance interface guidance into official rulemaking.
More than 100 cryptocurrency companies and industry organizations sent a letter to the US Senate Banking Committee urging action on the CLARITY Act market structure bill. The legislation faces mounting delays over stablecoin yield provisions, with limited floor time remaining in 2026.
California Representatives Sam Liccardo and Young Kim introduced bipartisan legislation that would grant certain nonbank providers, including crypto firms, access to the Federal Reserve's payment infrastructure.
Senator Bernie Moreno warned at a Washington event that the CLARITY Act must clear Congress by end of May or risk being shelved until 2030. His statement moved Polymarket odds of 2026 passage from 38% to 46%.
Cantor Fitzgerald contributed $10 million to the Crypto Fellowship PAC, which is led by Tether's head of government affairs and has disclosed $11 million in total funding. The committee spent $3 million on advertising through a firm co-founded by Tether US CEO Bo Hines.
The Trump administration backed a proposal for stablecoin issuers to offer yield to investors, drawing pushback from the American Bankers Association which disputes White House claims that stablecoin yield doesn't threaten bank deposits.
Coinbase CEO Brian Armstrong publicly supported passing the CLARITY Act after Treasury Secretary Bessent urged Congress to advance the crypto bill, reversing the company's earlier withdrawal of support over stablecoin reward provisions.
White House Council of Economic Advisers released analysis finding that banning stablecoin yield products would boost community bank lending by only 0.02% while imposing significant costs on consumers, countering banking industry lobbying efforts in the CLARITY Act debate.
Senate Banking Committee Chair Tim Scott is expected to schedule a markup of the Digital Asset Market Clarity Act in the final two weeks of April, with renewed optimism following revised stablecoin yield compromise language.
Draft legislation circulating among stakeholders would create a de minimis tax exemption for dollar-pegged stablecoin transactions, but explicitly excludes Bitcoin and other cryptocurrencies, drawing criticism from Bitcoin advocates who argue the bill 'picks winners and losers.'
Senators and the White House have reached a tentative agreement to resolve the contentious stablecoin yield restrictions in the CLARITY Act, though the compromise has drawn mixed reactions from the crypto industry. Coinbase reportedly continues to oppose the updated draft language despite the agreement.
The UK government imposed an immediate moratorium on cryptocurrency donations to political parties following the Rycroft review, which warned that crypto's anonymity risks undermine democratic transparency and enable potential foreign interference. The ban aims to protect democracy from illicit finance.
A new survey reveals 70% of American voters view cryptocurrency as benefiting insiders rather than everyday Americans, as Democratic Senator Chris Murphy criticizes the CLARITY Act as protecting President Trump's crypto business interests while the legislation advances through Congress.
