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.
US District Judge Shalina Kumar denied Coinbase's preliminary injunction bid to block Michigan state enforcement against sports event contracts, calling the company's arguments 'applesauce' and citing Third Circuit precedent.
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.
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.
South Korea's Financial Services Commission is accelerating cryptocurrency regulation by proposing a consolidated Framework Act on Digital Assets that includes stablecoin rules, aiming to streamline the country's crypto regulatory framework.
The United States missed the July 18, 2026 deadline to implement its GENIUS Act while the CLARITY Act stalls, as Europe's MiCA regulations result in only 280 of approximately 2,800 crypto firms gaining authorization. South Africa's Reserve Bank continues developing regulations for its 8 million crypto traders.
Luxembourg's financial regulator granted Ripple preliminary approval for a Crypto Asset Service Provider (CASP) license under the EU's Markets in Crypto-Assets Regulation (MiCA), allowing the company to offer regulated payment services across all 30 EU countries ahead of the July 1 deadline.
The CFTC and SEC issued a joint request for comment on clarifying definitions of 'swaps' and 'security-based swaps,' including for perpetual futures and event contracts, the same day CME Group announced plans to sue the CFTC over approval of perpetual futures for Kalshi and Coinbase.
The Commodity Futures Trading Commission opened public comment on proposed rules for prediction markets that would prohibit contracts dependent on war, assassination, or the ouster of foreign leaders, while also banning certain sports prop bets.
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 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.
The Senate Banking Committee has publicly released the full text of the Clarity Act, a digital asset market structure bill that will establish a regulatory framework for cryptocurrencies. The committee is scheduled to vote on the legislation on Thursday.
The U.S. Treasury Department issued a Notice of Proposed Rulemaking on April 8 requiring payment stablecoin issuers to implement anti-money laundering and sanctions compliance measures for secondary market transactions. The proposal sets new standards for combating illicit finance in stablecoin markets.
The UK's FCA launched a consultation on proposed crypto regulations covering stablecoins, trading platforms, custody, and staking, with rules set to take effect by October 2027. The regulator is seeking industry feedback on its interpretation of regulated cryptoasset activities under the upcoming framework.
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.
The ECB endorsed the EU's proposal to centralize cryptocurrency supervision under the Paris-based ESMA watchdog, warning that ESMA must receive adequate staffing and funding with a phased transition to avoid disruption.
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.
The Commodity Futures Trading Commission announced five members for its innovation task force focused on crypto, AI, and prediction market rules as the agency expands regulatory work while the CLARITY Act awaits Senate action.
Japan's cabinet approved legislation that would classify crypto assets as financial products, banning insider trading, requiring annual disclosures, and imposing penalties up to 10 years in prison and 10 million yen in fines for operating without registration. The bill could take effect in fiscal 2027 if passed by parliament.
South Korea's ruling party drafted proposal to regulate stablecoins and real-world assets under existing financial laws, reportedly banning yield on stablecoins and requiring technical interoperability standards.
The Federal Deposit Insurance Corporation approved a proposed rule establishing federal oversight standards for stablecoin issuers, including reserve requirements limiting 40% of reserves at a single custodian. The proposal explicitly excludes stablecoins from deposit insurance protections.
The SEC's proposed safe harbor framework for crypto fundraising and startup exemptions has moved to the White House Office of Management and Budget for review, with SEC Chair Paul Atkins indicating the proposal will be released 'shortly.'
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.
Cambodia's parliament passed the Law on Anti-Technology Fraud introducing five new offenses aimed at rooting out online and crypto scam operations, with penalties up to life in prison for those running scam compounds behind billions in crypto fraud.
Alabama Governor signed legislation on April 2, 2026, creating a legal framework for decentralized nonprofit associations (DUNAs), making Alabama the second US state after Wyoming to grant legal personality to DAO-like entities. The law provides liability protection for members and enables internet-native organizations to operate with legal recognition.
The US Department of the Treasury published an 87-page notice of proposed rulemaking seeking public comment on state-level regulatory regimes for stablecoins with market caps under $10 billion, marking the first formal implementation step of the GENIUS Act.
Australia has passed legislation mandating that digital asset platforms and tokenized custody platforms obtain an Australian Financial Services Licence within six months. The bill establishes a formal regulatory framework for crypto exchanges and custody services.
The Department of Labor proposed a rule following Trump's executive order that would enable Americans to invest in crypto and other alternative assets through 401(k) plans, potentially opening trillions in retirement funds to digital assets.
Stablecoin issuer Tether has hired Big Four accounting firm KPMG to conduct its first full independent audit of USDT reserves and brought in PwC to prepare internal systems, according to the Financial Times. The move comes as Tether pursues regulatory approval under the GENIUS Act and eyes a multibillion-dollar equity raise.
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.
