South Korea Stablecoin Bill to Allow Companies to Issue the Tokens: Report – Decrypt
South Korea’s new president proposes a stablecoin bill allowing companies to issue tokens with 500 million won equity, aiming to prevent capital flight and boost crypto adoption.
Connecticut Bans State Investments in Bitcoin Under New Law
Connecticut passed HB 7082, banning state investments in Bitcoin and imposing strict regulations on crypto businesses, including licensing, reserve requirements, and fraud protections.
CLARITY Act Passes House Panel 47-6, Crypto Rules Advance
The U.S. House Agriculture Committee approved the CLARITY Act 47-6, advancing crypto regulation. The bill clarifies asset classification and jurisdiction between SEC and CFTC, moving to the House Financial Services Committee.
$36,900,000 Crypto Scam Targeting Americans Taken Down by Feds As Five Men Plead Guilty to Running International Criminal Network – The Daily Hodl
Five men pleaded guilty to running a $36.9M crypto scam targeting Americans via fake investments, funneling funds through shell companies and crypto wallets.
Solana ETFs in 3-5 Weeks?: SEC Signals Approval Progress
The SEC has requested updated filings for Solana ETFs, signaling potential approval in 3-5 weeks. SOL price surged 3.51% as Grayscale and others seek approval, with Bloomberg predicting 90% approval odds by October.
AI Deepfakes Fuel $4.6B Crypto Scams Surge: 2025 Report
A 2025 report reveals AI deepfakes are driving a surge in crypto scams, with global losses hitting $4.6B in 2024. Bitget, SlowMist, and Elliptic highlight sophisticated tactics like fake videos and impersonations.
SEC reportedly fast-tracks Solana ETFs: potential approval arrives within 5 weeks
The SEC is fast-tracking Solana ETF approvals, requesting amended S-1 forms within a week. Decisions may come in 3-5 weeks, with potential for limited staking. Multiple firms, including Fidelity and VanEck, have filed applications.
Funding from crypto falls short in New Jersey gubernatorial primaries
Crypto funding played a minimal role in New Jersey’s gubernatorial primaries, with few contributions from individuals linked to the industry and no major crypto PACs involved.
Crypto Market Structure Bill Passes One House Committee, But Faces Steep Climb in Another – Decrypt
The CLARITY Act passed the House Agriculture Committee with bipartisan support but faces challenges in the House Financial Services Committee. The bill aims to regulate crypto under the CFTC rather than the SEC, with potential broader deregulatory impacts.
Pro-Bitcoin Scott Bessent emerges as candidate for next Fed chair
Scott Bessent, a Bitcoin-supporting Treasury Secretary, is being considered as a potential successor to Fed Chair Jerome Powell amid tensions between Powell and President Trump over monetary policy.
