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.
$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.
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.
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.
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.
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.
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.
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.
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.
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.
