Topic: #policy
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Digital Asset Clarity Act stalls in Senate as August recess looms
The U.S. Senate has not yet indicated whether it will advance the Digital Asset Market Clarity Act before its summer recess on August 7. Negotiations over ethics provisions and agricultural language continue, with multiple scenarios possible ranging from an immediate vote to delay until September.
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Japan and US execute first coordinated yen intervention since 2011
Japan and the US conducted their first joint currency intervention since 2011 on July 31, deploying roughly $53 billion in yen purchases as USD/JPY exceeded 160, pushing the yen to 40-year lows. The move signals shifting market dynamics and heightened volatility for traders.
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Senate Faces Week-Long Window to Advance Digital Asset Clarity Act
The Senate heads into recess in one week with the Digital Asset Market Clarity Act still unresolved. An ethics provision stalemate between lawmakers and the White House is the primary blocker, though a procedural vote this week could position the bill for passage in September.
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U.S. Treasury Sanctions Iran Bitcoin Insurance Scheme for Strait of Hormuz
The Treasury Department designated two Iranian firms behind a maritime insurance operation that accepted bitcoin and other digital assets, describing the arrangement as extortion tied to IRGC-backed shipping controls.
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JPMorgan warns fading Clarity Act odds threaten crypto market structure
JPMorgan said deteriorating prospects for the Clarity Act—now facing just a 37% chance of Senate passage this year—remove a key catalyst for digital asset adoption, even as tokenization and institutional investment advance.
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Coinbase Canada CEO calls for permanent crypto regulation beyond trading
Coinbase's newly appointed Canadian CEO Eric Richmond says the country needs permanent digital asset legislation, not temporary exemptions, to support the company's push into derivatives, tokenized assets, and decentralized finance.
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Five Wall Street giants back Senate's Digital Asset Market Clarity Act
Five major Wall Street firms have endorsed the Digital Asset Market Clarity Act as Senate negotiators race against an August 8 recess deadline. The bill would establish a unified regulatory framework for crypto, with backing from BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi.
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Clarity Act likely to miss August 7 deadline, Thune signals
Senate Majority Leader John Thune signaled the crypto market structure bill will probably miss its August 7 target before Congress breaks for summer, though leadership hopes to at least begin floor debate before the recess to preserve a narrow September window for passage.
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ORANGE JUICE raises $40M for permanent capital firm with bitcoin treasury
ORANGE JUICE, founded by bitcoin venture partners including Jeff Booth and Lyn Alden, raised $40 million to acquire and permanently own American businesses while building a bitcoin treasury, diverging from traditional private equity fund structures.
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Clarity Act is sanctions-enforcement tool, not loophole: TRM Labs
Ari Redbord, Global Head of Policy at TRM Labs, argues the Digital Asset Market Clarity Act contains robust anti-money laundering and sanctions provisions, directly countering Senator Elizabeth Warren's assertion that it enables evasion.
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U.S. and UK align tokenization rules for cross-border digital assets
The U.S. Department of the Treasury and HM Treasury released a joint roadmap Tuesday to reduce regulatory friction for tokenized securities, stablecoins, and digital assets between the world's two largest financial centers.
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UK Treasury Report Names Ripple for Wholesale Tokenization Push
A Treasury-backed report authored by Chris Woolard names Ripple as a credentialed firm central to the UK's plan to move repo, gilts, and funds onchain within 12 months, proposing a hybrid model combining permissionless and permissioned networks.
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Clarity Act draft expected this week as Senate pushes toward July floor vote
Multiple sources told CoinDesk that lawmakers plan to unveil an updated version of the Clarity Act crypto bill this week, combining previous Senate committee versions. The bill faces tight timelines and Democratic support challenges before a potential July floor vote.
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U.S. Housing Bill's CBDC Ban Becomes Law at Midnight Without Trump's Signature
A bipartisan housing bill containing a four-year federal ban on digital-dollar issuance by the Federal Reserve is set to become law at midnight, even though President Trump refused to sign it in protest over unrelated voter-ID legislation.
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Trump's Bitcoin Reserve Plan Still Unresolved 16 Months Later
The Trump administration continues to evaluate the best structure for a strategic bitcoin reserve and digital asset stockpile 16 months after the president's initial executive order, with Treasury and Commerce both under consideration as potential homes for the federal crypto funds.
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UK Foreign Secretary Warns of 'AI Hiroshima' Without Global Safeguards
UK Foreign Secretary Yvette Cooper warned that governments risk repeating nuclear-age mistakes if they fail to establish international AI safety agreements before frontier systems transform warfare, crime, and society.
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Clarity Act stalls as Congress breaks for summer; ethics fight heats up
The Clarity Act, crypto's most anticipated regulatory bill, missed its July 4 deadline and now faces a race against the midterm election. Lawmakers remain optimistic, but time is running out—and Trump's $1.4 billion crypto income has triggered fresh ethics demands from Democrats.
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OpenAI proposes 5% equity stake for U.S. government to ease AI regulation
OpenAI CEO Sam Altman has reportedly discussed offering the U.S. government a 5% equity stake in the company as part of a broader proposal to give Americans direct financial exposure to AI's growth and ease regulatory pressure on the industry.
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MiCA Deadline Forces 3,000+ European Crypto Firms to Shut Down or Comply
As Europe's transitional MiCA licensing period ends July 1, over 3,000 pre-licensed crypto firms must shut down or comply with new rules. Only 244 firms have secured MiCA authorization so far, with compliance costs reaching into millions.
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Binance suspends EU services after missing MiCA license deadline
Binance notified European Union users it will suspend services and stop accepting new registrations because it failed to obtain a MiCA license by the July 1 regulatory deadline. The exchange withdrew its Greece application and plans to seek authorization in France instead.
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South Korea integrates token securities into capital market modernization plan
South Korea's Financial Services Commission has integrated token securities infrastructure into a wider capital-market overhaul covering settlement acceleration, extended trading hours, and digital transformation.
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Senate Democrats demand hearings on UAE's $500M stake in Trump crypto venture
Senate Democrats led by Elizabeth Warren called for immediate hearings into whether a $500 million UAE investment in World Liberty Financial influenced Trump administration policy decisions favoring the UAE.
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Fairshake's $5.5M Maryland bet pays off as crypto PAC advances allies
The crypto industry's largest super PAC, Fairshake, backed Adrian Boafo to a dominant Maryland Senate primary win and funded pro-crypto candidates across three states in Tuesday contests, with most races decided in the PAC's favor.
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Carstens Backs Stablecoin-Fiat Coexistence, Calls for Global Regulation
Agustín Carstens, the former general manager of the Bank for International Settlements, said stablecoins can enhance financial inclusion and innovation, reversing his earlier skepticism and calling for regulatory frameworks that enable them to coexist with traditional fiat money.