Category: Law of the Chain
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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.
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Ripple USD Finds First Banking Partner as Swiss Bank Amina Offers RLUSD Access – Finance Bitcoin News
Amina Bank becomes the first global banking partner for Ripple USD (RLUSD), marking a significant step in regulated digital asset adoption and institutional crypto integration.
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Crypto Investors Overwhelmingly Back Trump’s Crypto Policies as Top Altcoins Could Surge – Brave New Coin
A HarrisX poll shows 73% of crypto investors approve of Trump’s pro-crypto policies, boosting market optimism. Bitcoin surged 60% since his election, with altcoins like BTC Bull Token gaining attention.
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JPMorgan Sees Stablecoin Outlook as Less Rosy Than Bulls Think
JPMorgan predicts stablecoin market will reach $500b by 2028, dismissing trillion-dollar forecasts as overly optimistic. The bank cites limited mainstream adoption and primary use in crypto trading as growth barriers.
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Here’s what happened in crypto today
US Senator Lummis proposes a crypto tax bill with exemptions, Firefox users face wallet phishing extensions, and Ripple seeks a US banking license for regulatory legitimacy.
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US Senator Pushes Crypto Tax Bill With $300 De Minimis Threshold – Bitcoin News
A US senator proposes a crypto tax bill with a $300 de minimis threshold to reduce compliance burdens and encourage everyday digital asset use by exempting small transactions.
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House GOP Declares ‘Crypto Week’ to Advance Landmark Digital Asset Bills – Decrypt
House Republicans announce ‘Crypto Week’ to advance three key digital asset bills, including the CLARITY Act and Anti-CBDC Surveillance State Act, aiming to provide regulatory clarity and block a U.S. CBDC.
