Bessent is pressing the Senate to vote on the CLARITY Act before August recess, warning that more delay could leave the U.S. behind on crypto policy. The bill has gained some law enforcement backing, but DeFi liability and enforcement powers remain the big fights.
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The American Arbitration Association has launched a Web3 Panel to handle disputes involving blockchain systems, smart contracts, digital assets, and DAOs. It’s not a crypto court, but a specialist arbitration roster built to untangle the technical, legal, and cross-border messes Web3 keeps generating.
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A September House crypto tax markup is being floated, but the confirmation is weak: no bill number, no draft text, and no official committee notice. If it’s real, it could reshape reporting, staking, and DeFi taxes — or just add more bureaucratic nonsense.
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Fidelity’s support for the CLARITY Act adds heavyweight backing to Washington’s crypto rules fight, as lawmakers wrestle with who regulates digital assets and how. The bill promises more certainty — but also more oversight, and possibly a bigger moat for incumbents.
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UK lawmakers have opened a cross-party probe into whether banks are unfairly cutting off lawful crypto businesses from accounts and payments, as the UK tries to balance risk controls with its push for digital asset innovation.
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White House crypto lead Patrick Witt is staying on the CLARITY Act talks for now, but Senate negotiations are still bogged down over ethics, stablecoin rewards, developer liability and enforcement powers. The clock is ticking, and “almost done” is doing a lot of heavy lifting.
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The Senate Banking Committee has advanced the CLARITY Act in a 15-9 vote, moving the crypto market-structure bill to the Senate floor. Backers say it could finally bring clearer rules, while critics know Washington can still turn “clarity” into chaos if it tries hard enough.
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A sparse headline links Bank of America to digital asset executive appointments, but the supplied material gives no names, roles, dates, or supporting text. Treat it as unverified for now: “digital assets” can mean anything from tokenization to simple corporate reorg theater.
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House lawmakers are taking the CLARITY Act debate to New York with a field hearing on crypto market structure, bringing exchanges, legal minds, and policy advocates into the spotlight. It’s a sign of real progress — not final certainty — as Congress tries to shape clearer rules for digital assets.
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Vanguard may be softening its crypto stance, but the flashy $12.5T and “building it” claims don’t hold up. The real takeaway is narrower: possible access to crypto ETFs, not a full plunge into digital asset infrastructure.
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