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Regulation & Politics

House Sets July CLARITY Act Field Hearing as Lummis Presses for a Senate Floor Vote Before the Recess
Regulation & Politics

House Sets July CLARITY Act Field Hearing as Lummis Presses for a Senate Floor Vote Before the Recess

The House Financial Services Committee scheduled a July 17 field hearing on the digital-asset market-structure bill, part of a July calendar that puts the CLARITY Act on a tight clock before the August recess.
Ripple Wins Preliminary MiCA CASP Approval in Luxembourg, Unlocking EEA Passporting
Regulation & Politics

Ripple Wins Preliminary MiCA CASP Approval in Luxembourg, Unlocking EEA Passporting

Ripple has received a preliminary Crypto Asset Service Provider license from Luxembourg's CSSF under MiCA, a regulatory step that positions Ripple Payments for a full rollout across all 30 European Economic Area countries once final conditions are satisfied.
Treasury Sanctions Three Individuals and Six Entities for Routing Crypto to ISIS
Regulation & Politics

Treasury Sanctions Three Individuals and Six Entities for Routing Crypto to ISIS

OFAC designated three financial facilitators and six money service businesses across Europe, Syria, Turkey, and Nigeria for moving funds to ISIS and its West Africa affiliate using crypto, including two TRON addresses tied to a French national.
CFTC Opens Comment on 24/7 Energy Futures and Perpetual Oil Contracts
Regulation & Politics

CFTC Opens Comment on 24/7 Energy Futures and Perpetual Oil Contracts

The CFTC issued a request for comment on running standard futures around the clock and on perpetual contracts referencing physically delivered energy commodities such as crude oil, extending the perpetual-contract model from crypto into oil and gas derivatives.
1,200 Tech Companies Tell Senate to Pass CLARITY Act as Lummis Calls Code-as-Crime Risk an 'Absurdity'
Regulation & Politics

1,200 Tech Companies Tell Senate to Pass CLARITY Act as Lummis Calls Code-as-Crime Risk an 'Absurdity'

The Consumer Technology Association, representing more than 1,200 firms including Amazon, Apple and Google, urged the Senate to pass the CLARITY Act without delay. Senator Cynthia Lummis followed with an on-record statement that the bill ends the 'absurdity' of developers needing lawyers to know whether shipping code is a crime.
Bank of England Publishes Policy Statement and Draft Rules for Systemic Stablecoins
Regulation & Politics

Bank of England Publishes Policy Statement and Draft Rules for Systemic Stablecoins

The Bank of England published its policy statement and draft Code of Practice for systemic stablecoin issuers on Monday, replacing per-person holding caps with a £40 billion issuer-level guardrail and lifting the gilt share of reserves to 70%. Industry feedback is open until 22 September.
CLARITY Act Reaches Senate Floor With House Ready to Move Fast; Seven-Democrat Math Becomes the Gate
Regulation & Politics

CLARITY Act Reaches Senate Floor With House Ready to Move Fast; Seven-Democrat Math Becomes the Gate

The Digital Asset Market Clarity Act sits on the Senate calendar eligible for a floor vote, with House Agriculture digital-assets subcommittee chair Dusty Johnson signaling a fast House companion. The bill needs at least seven Democratic votes to clear the 60-vote cloture threshold before the August recess.
CME Group to Sue CFTC Over Perpetual Futures Approval, Citing Dodd-Frank Swaps Definition
Regulation & Politics

CME Group to Sue CFTC Over Perpetual Futures Approval, Citing Dodd-Frank Swaps Definition

The world's largest derivatives exchange operator said Wednesday it will sue the CFTC over the agency's approval of Kalshi's bitcoin perpetual futures, arguing the contracts should be classified as swaps under the Dodd-Frank Act.
Congress Strikes Housing-Bill Deal That Bans Fed CBDC Through 2030
Regulation & Politics

Congress Strikes Housing-Bill Deal That Bans Fed CBDC Through 2030

Congressional negotiators folded a statutory ban on a Federal Reserve central bank digital currency into the bipartisan 21st Century ROAD to Housing Act, blocking any Fed-issued retail digital dollar until December 31, 2030. The text now heads back to the Senate floor.
Gaming Industry, Tribes and Unions Press Senate to Ban Sports Prediction Markets in Crypto Bill
Regulation & Politics

Gaming Industry, Tribes and Unions Press Senate to Ban Sports Prediction Markets in Crypto Bill

The American Gaming Association, the Indian Gaming Association, and two hospitality unions are pressing senators to insert sports-betting carve-out language into the CLARITY Act, the crypto market-structure bill moving through Congress. The push targets Kalshi and Polymarket.