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.
Solana ETFs could be approved in 3-5 weeks, SEC signals openness to staking
The SEC has requested updated filings from Solana ETF issuers, signaling potential approval within 3-5 weeks. Analysts predict a 90% chance of approval by October, with staking possibly included.
U.S. SEC Reviews Bitwise Bitcoin-Ethereum ETF Proposal
The U.S. SEC is reviewing Bitwise’s proposed Bitcoin-Ethereum ETF, a hybrid fund holding both cryptocurrencies. The SEC seeks public input on market manipulation risks, investor protection, and public interest concerns.
Man Sentenced to Federal Prison for Leading Widescale Check Fraud Scheme That Resulted in $165,743 in Losses – The Daily Hodl
Jalen Tylee Hill sentenced to nearly seven years for leading a bank fraud scheme involving stolen checks and identity theft, resulting in $165,743 in losses.
SEC Considers ‘Innovation Exemption’ for DeFi Projects – “The Defiant”
The SEC is considering an ‘innovation exemption’ for DeFi projects, signaling a shift towards understanding decentralized systems. Industry leaders welcome the move, seeing it as a step towards clearer, collaborative regulation that could keep innovation in the U.S.
House Agriculture Committee advances crypto market structure bill
The US House Agriculture Committee approved the CLARITY Act, a bill to regulate digital assets, with a 47-6 vote. It aims to clarify SEC and CFTC roles for crypto markets.
Malaysia’s Crypto Mining Boom Threatened By $100 Million Power Theft
Malaysia’s crypto mining industry faces challenges from $100M power theft, risking grid stability. Legal mining could bring RM700M in growth. Regulators urged to clarify rules to boost investor confidence.
House Ag Committee Advances Market Structure Bill, Other Crypto Actions Pending
The House Agriculture Committee advanced the U.S. crypto market structure bill with bipartisan support, aiming to clarify regulatory roles for the CFTC and SEC while addressing digital asset oversight.
South Korea Sets Rules for Stablecoins as U.S. Bill Waits News ETHNews
South Korea has enacted strict stablecoin regulations requiring issuer capital, FSC approval, and full reserves. Meanwhile, U.S. stablecoin legislation faces delays amid political disagreements.
