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Regulation & Politics

Senate Democrats Demand Hearings on $500M Trump-UAE-World Liberty Financial Deal
Regulation & Politics

Senate Democrats Demand Hearings on $500M Trump-UAE-World Liberty Financial Deal

Five senior Senate Democrats sent a formal letter to Republican committee chairs demanding immediate hearings into a $500 million deal in which Abu Dhabi royalty acquired a stake in World Liberty Financial before Trump's inauguration, and into the arms sales and AI chip approvals that followed.
Congress Passes Fed CBDC Ban Through 2030, Sends Bill to Trump
Regulation & Politics

Congress Passes Fed CBDC Ban Through 2030, Sends Bill to Trump

Both chambers of Congress have passed the 21st Century ROAD to Housing Act, which prohibits the Federal Reserve from issuing a central bank digital currency until December 31, 2030. The House cleared the bill 358-32 on Tuesday, one day after the Senate's 85-5 vote, sending it to President Trump for signature.
Digital Chamber CEO Carbone Presses Senate for CLARITY Act Vote, Citing Financial Friction Cost to Americans
Regulation & Politics

Digital Chamber CEO Carbone Presses Senate for CLARITY Act Vote, Citing Financial Friction Cost to Americans

Cody Carbone of The Digital Chamber testified Tuesday before the Senate Banking Committee that passing the CLARITY Act is a prerequisite for reducing financial friction costs that fall hardest on lower-income households, as no Senate floor vote has yet been scheduled.
Nearly 100 Catholic Leaders Oppose CLARITY Act Over Trafficking Safeguard Provisions
Regulation & Politics

Nearly 100 Catholic Leaders Oppose CLARITY Act Over Trafficking Safeguard Provisions

Close to 100 Catholic bishops and church leaders have sent a letter to Senate leadership opposing the CLARITY Act, arguing that a provision shielding non-custodial developers from money-transmitter rules would weaken federal safeguards against human trafficking and other financial crimes.
Trump White House Negotiating CLARITY Act Ethics Deal With Senate Democrats
Regulation & Politics

Trump White House Negotiating CLARITY Act Ethics Deal With Senate Democrats

A Trump White House official is negotiating an ethics compromise on the CLARITY Act with Senate Democrats, the last major sticking point before a floor vote, as Senator Cynthia Lummis says the US is finally close to getting digital asset legislation right.
CFTC Sues Kentucky to Defend Its Exclusive Jurisdiction Over Prediction Markets
Regulation & Politics

CFTC Sues Kentucky to Defend Its Exclusive Jurisdiction Over Prediction Markets

The CFTC sued Kentucky on Tuesday to stop the state from using its own laws and a new transaction fee to push federally registered prediction markets out, widening a multi-state campaign over exclusive federal jurisdiction.
SBI Group Plans to Issue Yen Stablecoin JPYSC as Early as This Week, Nikkei Reports
Regulation & Politics

SBI Group Plans to Issue Yen Stablecoin JPYSC as Early as This Week, Nikkei Reports

SBI Group, Japan's $252 billion financial conglomerate, plans to issue JPYSC this week per Nikkei reporting, becoming the first Japanese institution to launch a trust-bank-structured yen stablecoin under the amended Payment Services Act.
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.