Topic: #policy
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Trump, Johnson convene tech CEOs on AI policy at White House summit
President Trump and House Speaker Mike Johnson are meeting with technology CEOs on September 29, 2026, to shape US artificial intelligence policy. The summit reflects competing visions: Trump favors minimal regulation to compete with China, while Johnson advocates for industry self-regulation paired with measured federal oversight.
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Federal Reserve proposes reserve limits and capital standards for stablecoin issuers
The Federal Reserve proposed new reserve-asset limits and standardized capital requirements for stablecoin issuers, advancing implementation of the GENIUS Act signed into law last year with a January 2027 effective date.
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US Diesel Export Ban Could Raise Gasoline Prices, Morgan Stanley Warns
Morgan Stanley warned that a proposed US diesel export ban could reduce refinery throughput and raise gasoline prices, even as diesel hit record highs of $6.51 per gallon. Prediction markets now price crude reaching an all-time high by year-end at 10.5%.
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Nvidia CEO Jensen Huang backs California's $8B billionaire wealth tax
Nvidia CEO Jensen Huang said he's "perfectly fine" with California's proposed 2026 Billionaire Tax Act, which would impose a 5% wealth tax on residents worth over $1 billion. Huang could owe roughly $8 billion under the measure, which targets around 200 billionaires and aims to raise $100 billion for healthcare, education, and food assistance.
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Fry and Subramanyam launch bipartisan Innovators Caucus for small AI businesses
Reps. Russell Fry (R-SC) and Suhas Subramanyam (D-VA) formed the Innovators Caucus to champion small and medium-sized AI companies facing structural disadvantages against tech incumbents. The group backs legislation studying barriers to capital, talent, and regulatory clarity.
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Anthropic CEO Amodei proposes three-stage AI development coordination plan
Anthropic CEO Dario Amodei outlined a three-stage approach to coordinating frontier AI advancement, starting with external evaluators inside the company and escalating to government-mediated regulation and international agreements among democracies.
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HMRC reports 240 UK crypto investors declared over £1 million in gains each
HM Revenue and Customs released 2024-25 tax data showing 240 individuals reported more than £1 million each in crypto capital gains, while 17,600 filers disclosed £1.38 billion in total gains. The agency sent 81,000 warning letters to suspected tax dodgers and will begin receiving automatic data from crypto exchanges in 52 jurisdictions starting May 2027.
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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.