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Treasury Secretary Scott Bessent sharply defended the CLARITY Act, rejecting claims that the bill weakens consumer protections and urging the Senate to bring the legislation to a vote now. Bessent Pushes Senate to Vote on the CLARITY Act Treasury Secretary Scott Bessent escalated the debate over U.S. crypto regulation on July 30, portraying the CLARITY … Read more
Moscow’s Zamoskvoretsky District Court has moved Igor Runets, founder of crypto-mining firm Bitriver, from house arrest to a pretrial detention facility for at least two months. Stricter Measures Requested Amid Witness Tampering Concerns A Moscow court on July 29 ordered the transfer of Igor Runets, founder of Russia’s largest cryptocurrency mining company Bitriver, from house … Read more
Nexo has restructured its operations in the European Economic Area to meet the European Union (EU)’s Markets in Crypto-Assets Regulation (MiCAR) standards by using two regulated German partners rather than obtaining a direct single license. Uninterrupted Service Across European Markets Digital asset wealth platform Nexo has updated its European Economic Area (EEA) operating structure to … Read more
Three bitcoin investors say they lost nearly $1.8 million after downloading a fake Sparrow Wallet from Apple’s App Store and entering their recovery phrases. The lawsuit now challenges Apple’s app review practices as crypto scams continue targeting mobile users. Lawsuit Alleges Fake Wallet Bypassed App Store Safeguards Three bitcoin investors have sued Apple, claiming they … Read more
A group of 134 banking association officers and bank leaders from across the United States is urging the Senate to revise the CLARITY Act before final passage, warning that stablecoin incentives could challenge the role of bank deposits. Bank Leaders Push Senate to Rewrite Stablecoin Provision The bank leaders’ CLARITY Act letter urged U.S. Senator … Read more
Thailand’s Securities and Exchange Commission (SEC) filed a criminal complaint against crypto exchange Bitkub Online and two former directors for allegedly making false entries in official reports between May and October 2021. SEC Allegations and Reporting Breaches Thailand’s Securities and Exchange Commission has filed a criminal complaint against Bitkub Online Co. Ltd. and two former … Read more
SEC Chair Paul Atkins says he is optimistic Congress will pass the CLARITY Act, a landmark crypto market structure bill designed to create clearer digital asset rules. The Senate review now becomes the key test for whether the U.S. will establish its first comprehensive crypto market structure framework. SEC Chair Pushes Congress Toward New Crypto … Read more
U.S. Senator Jon Husted (R-OH) publicly backed the Digital Asset Market Clarity Act on July 28, arguing the bill is essential for U.S. leadership in digital assets, even as the legislation’s odds of becoming law in 2026 have slipped to just 30%. Husted Joins the Chorus of Senate Backers Husted, who was appointed to the … Read more
Kenya’s National Treasury reduced the paid-up capital requirement for stablecoin issuers by 40% to approximately $2.32M to encourage entry into its rapidly growing crypto market. Broad Oversight for Central Bank Kenya has reduced the minimum paid-up capital required for stablecoin issuers by 40% to about $2.32 million (300 million Kenyan shillings). The revised threshold, published … Read more
Coinbase CEO Brian Armstrong intensified pressure for a Senate vote, portraying the CLARITY Act as a bipartisan breakthrough that could strengthen consumer protections, law enforcement authority, and American leadership in digital assets. Armstrong Urges Senate to Advance the CLARITY Act Crypto exchange Coinbase (Nasdaq: COIN) CEO Brian Armstrong urged lawmakers in an X post on … Read more