Coinbase Exec VanGrack Pushes For Clear Crypto Framework
Coinbase VP Ryan VanGrack testified before the Senate, advocating for a bipartisan, clear national crypto regulatory framework to foster innovation and protect consumers amid current uncertainty.
Texas Passes Bitcoin Reserve Bill, Plans to Buy Bitcoin – Brave New Coin
Texas Governor Greg Abbott signed SB21, creating a state Bitcoin reserve. The law mandates independent Bitcoin holdings, strict eligibility, and public reporting, positioning Texas as a leader in crypto adoption.
Senate GOP Unveils Crypto Market Rules Blueprint: Key Changes
Senate Republicans led by Tim Scott propose core principles for US crypto regulation, focusing on securities-commodities distinction, shared oversight, and anti-money laundering rules while encouraging innovation.
Michael Saylor Proposes Strategy’s Credit Model for US Bitcoin-Backed Mortgage Plan
Michael Saylor offers Strategy’s Bitcoin Credit Model to support BTC-backed mortgages, as FHFA considers crypto as collateral. Strategy holds 592,345 BTC worth $62B, highlighting growing institutional adoption.
Palau Wraps XRP Ledger Stablecoin Audit: Here’s What Ripple Paid
Palau’s audit of its XRP Ledger stablecoin pilot confirmed Ripple funded the project with a $25,000 grant, with $14,035 spent. The audit found procedural breaches but no legal violations.
DOJ Alum Kevin Muhlendorf Tapped As SEC Inspector General
The SEC appoints former DOJ attorney Kevin Muhlendorf as Inspector General, effective July 28. Chair Paul Atkins praises his investigative and compliance expertise.
NYC mayor lays out crypto plans as city residents vote in Democratic primary
NYC Mayor Eric Adams criticized Andrew Cuomo’s crypto policies at Permissionless conference, proposing a city council for crypto advocacy and education, while facing his own legal challenges.
WazirX Gets Final Shot as Court Extends $234M Moratorium
Singapore High Court extends WazirX’s legal moratorium, giving the exchange a final chance to argue its restructuring plan after a $234M hack and prolonged user uncertainty.
Japan moves to re-classify crypto as securities, opening door to ETFs and a 20% flat tax – Brave New Coin
Japan’s FSA proposes reclassifying crypto as financial products under FIEA, enabling crypto ETFs and a 20% flat tax, aiming to attract investors and simplify taxation by 2026.
Crypto Profits Could Be Off-Limits To Presidents, Families Under New Proposal
Senator Adam Schiff proposes the COIN Act to ban US presidents, VPs, and their families from crypto dealings, requiring transparency on digital asset sales over $1,000 to prevent conflicts of interest.
