Category: Law of the Chain
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US House to Consider CLARITY, GENIUS Acts During ‘Crypto Week’
The US House will consider key crypto bills during ‘Crypto Week,’ including the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act, aiming to establish regulatory clarity and US leadership in digital assets.
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$20M crypto scam victim who sued Citibank says 2 more banks liable
A crypto scam victim who sued Citibank has filed another lawsuit against East West Bank and Cathay Bank, alleging they ignored red flags in $20M fraudulent transfers linked to a romance scam.
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Breaking: FTX Victims At Risk Of Losing Claims In China and Other Restricted Jurisdictions
Chinese FTX users, comprising 82% of claims, risk losing funds due to China’s crypto ban. FTX seeks court approval for a new claims process in 49 restricted jurisdictions, potentially denying payouts if local laws prohibit them.
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US Republicans declare ‘Crypto Week’ to mull 3 crypto bills
US Republicans announce ‘Crypto Week’ in mid-July to review three key crypto bills: the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act, advancing Trump’s crypto agenda.
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Debt Bomb Passes: Trump’s ‘Beautiful Bill’ Edges House Despite GOP Rebels – Economics Bitcoin News
The U.S. House passed Trump’s ‘Big Beautiful Bill’ with a 218-214 vote, overcoming GOP opposition, and set for a July 4 signing.
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NYAG Letitia James Urges Fed Oversight, FDIC Protections in Stablecoin Legislation – Regulation Bitcoin News
NY AG Letitia James warns that weak stablecoin bills lack critical safeguards, risking US financial stability and urging Fed oversight and FDIC protections in legislation.
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Detroit Sues Crypto Real Estate Platform Over Safety, Health Violations – Decrypt
Detroit sues Real Token and 165 LLCs over 400 properties with health violations, alleging tenants lacked heat, water, and safety. The city seeks repairs, rent escrow, and founder liability.
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US House Designates ‘Crypto Week’ to Consider 3 Key Reforms
The US House GOP designated July 14 as ‘Crypto Week’ to review three key bills: the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act, aiming to establish crypto regulations and ban US CBDCs.
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UK and Singapore Forge New AI and Tokenization Pact in London Talks – Decrypt
The UK and Singapore strengthened collaboration on AI and tokenization during financial talks, focusing on Project Guardian and Global Layer One initiatives to enhance digital finance and regulatory alignment.
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IRS Faulted Over Crypto Seizure Records — Here’s What to Know
The IRS faces criticism for poor documentation of seized crypto assets, with missing records and lost hardware wallets, per a Treasury Inspector General report.
