The future of the CLARITY Act is facing fresh uncertainty as a political dispute over President Donald Trump’s crypto earnings threatens to complicate the bill’s passage through the U.S. Senate. Prediction markets have turned increasingly cautious. Polymarket currently puts the odds of the bill passing this year at around 40%, while other estimates have fallen …
The odds of the Digital Asset Market Clarity Act passing have now dropped to 35% on Polymarket, as the US Department of Justice (DoJ) expressed concern about the proliferation of crypto crime. Source: Polymarket Clarity Act weakens anti-money laundering (AML) framework: DoJ In an email addressed to the US Department of the Treasury, the DoJ …
The U.S. Senate’s version of the CLARITY Act has hit another roadblock. According to new report, the updated draft expected this week still does not have broad support from Senate Democrats. Therefore, negotiations remain active before lawmakers can schedule a floor vote. The disagreement comes even as the crypto industry continues pushing for the bill. …
U.S. President Donald Trump is scheduled to meet with a group of senators at the White House on Thursday to discuss the CLARITY Act and its progress in the Senate, according to Politico. Lawmakers are aiming to pass the cryptocurrency market structure bill before the August congressional recess. Senators Bernie Moreno, Cynthia Lummis, and Thom …
Pakistan’s crypto regulator, the Pakistan Virtual Assets Regulatory Authority (PVARA), is urging Islamic scholars to assess digital assets individually rather than issue a single ruling for all cryptocurrencies, according to Reuters. The move follows a June ruling by a Karachi seminary that cryptocurrencies do not qualify as wealth under Islamic law. The regulator argues that …
US President Donald Trump is scheduled to meet with Senators on Thursday to negotiate the ethical issues raised over the Digital Asset Market Clarity Act. Upcoming CLARITY Act discussions in White House The talks will focus on the moral quandary posed by high-ranking state officials, including the President, engaging in crypto endeavors. This comes after …
Japan’s House of Councillors passed an amendment to the Financial Instruments and Exchange Act, which officially recognizes cryptocurrencies as financial products rather than payment tools.With this, the country is now planning to cut crypto taxes from 55% to 20% and open the door to Bitcoin ETFs. Japan Moves Crypto Under Financial Product Rules Japan’s parliament …
South Korea, one of the world’s biggest crypto markets with nearly 15% to 20% of global trading volume, is planning to bring cryptocurrencies under a new national asset law. The move also comes alongside plans for stablecoins, tokenized bonds, and spot Bitcoin ETFs. South Korea State Asset Law to Include Crypto On July 15, during …
The UK tax authority, His Majesty’s Revenue and Customs (HMRC), has officially introduced the “no gains, no loss” (NGNL) rule to reform taxation in decentralized finance (DeFi) protocols. Dubbed the “Tax treatment of cryptoasset loans and liquidity pools,” the legislation overhauls the highly criticized 2022 “dry tax” model, which triggered tax liabilities with every token …
India has one of the biggest crypto markets in the world, and still no dedicated crypto law. You can legally trade it, it isn’t legal tender, and instead of one regulator calling the shots, there are several government bodies pulling in different directions. That tension came to a head this year. January brought a big …
US President Donald Trump has urged the nation’s Senate to pass the Digital Asset Market CLARITY Act in honor of the late Senator Lindsey Graham. Trump to Senate: pass the CLARITY Act In a Truth post dated today, Trump insisted that America should get ahead of China and “many other countries” in the race towards …
The CLARITY Act is entering what many are calling its most important phase yet. The U.S. Senate is returning on July 13. Now, lawmakers face a narrow window to advance the landmark crypto market structure bill before the August 7 congressional recess. Investor Kevin O’Leary says the CLARITY Act now has a 50-50 chance of …
North Carolina has passed a law recognizing the Commodity Futures Trading Commission (CFTC) as the primary regulator of prediction market platforms such as Kalshi and Polymarket, making it one of the few states to support federal oversight instead of treating them as gambling operators. Signed on July 7, the law imposes a 6% tax on …
As crypto scams continue draining millions from victims, law enforcement agencies are increasingly leaning on stablecoin issuers to help freeze stolen funds before they disappear. Now, that growing dependence has landed Circle in the middle of an unusual legal battle after Wisconsin prosecutors accused the company of refusing to comply with the court order aimed …
Former New York governor and ICE-OKX joint venture co-chair, Andrew Cuomo is calling on U.S. lawmakers to move quickly on the CLARITY Act. He says the crypto industry is not looking for special treatment, it simply wants clear regulations. Speaking on Bloomberg Crypto, Cuomo urged Congress to pass the bill before lawmakers leave for the …
The Binance DOJ report has stirred fresh debate over how quickly law enforcement can respond to crypto-related crimes. According to a report by The Information, the U.S. Department of Justice (DOJ) warned prosecutors that Binance would no longer provide voluntary “courtesy freezes” beginning June 8, potentially slowing asset seizure requests during cryptocurrency investigations. Binance, however, …
The AscendEX collapse didn’t arrive with fireworks. It arrived with frozen withdrawals, a shutdown notice, and a lot of uncomfortable questions. After operating since 2018, the centralized crypto exchange permanently halted trading, deposits, staking, and swap services effective July 1, 2026, while placing all remaining withdrawals under mandatory manual review. Officially, the exchange blamed the …
The Reserve Bank of India has reiterated its long-standing call for a cryptocurrency ban, according to Reuters. The RBI continues to cite risks to financial stability, monetary policy, and consumer protection. However, the central bank cannot impose a nationwide ban on its own. Any such measure would require approval from the Government of India and …
Russia’s Financial Market Committee approved the final version of a cryptocurrency bill, clearing the way for its second reading. The revised bill removes mandatory reporting of crypto wallet addresses, requiring only balances and transaction flows to be disclosed. It also allows cryptocurrency to be used to buy securities and Russian digital financial assets and permits …
Judge Analisa Torres, known for presiding over the landmark Ripple case, has ruled against prediction market platform Kalshi. This was a significant legal setback for the company. Torres denied Kalshi’s request for a preliminary injunction. She found that New York’s gambling laws as applied to Kalshi’s sports event contracts are not preempted by the Commodity …
Bhutan has taken a unique approach to crypto. While the government limits retail crypto use through the country’s banking system, it has also become one of the world’s largest state-backed Bitcoin miners and is using Bitcoin to support its long-term economic plans. A key part of this strategy is Gelephu Mindfulness City (GMC), a special …
The US Securities and Exchange Commission (SEC) has called for an agency meeting this month to develop regulatory frameworks for the cryptocurrency industry. The meeting will be led by the SEC Chairman Paul Atkins, who concurrently released the “Statement on the 2026 Regulatory Agenda”. The latter affirms that the SEC is working with the current …
President Donald Trump has once again thrown his support behind Bitcoin and crypto, giving the market another boost just as blockchain activity continues to strengthen. According to one analyst, Trump’s latest comments, combined with record stablecoin usage and Ethereum’s growing role in finance, suggest the next phase of the crypto bull market could be getting …
US President Donald Trump has affirmed his support for crypto figures and the industry at large, saying the country is working to outpace China in crypto developments. Trump says the crypto industry is “lucky” that he is president In a July 6 statement at the White House Oval Office, Trump blamed the Biden administration for …
Between 2023 and 2026, Binance underwent one of the largest corporate transformations in crypto history. The company moved from: A $4.3 billion regulatory settlement, The imprisonment and resignation of founder CZ, Lawsuits from the SEC and CFTC, Intense global scrutiny, To becoming: The first crypto exchange to exceed 300 million users, currently 323 million users, …
The Major County Sheriffs of America (MCSA) has shifted its position on the Digital Asset Market CLARITY Act (H.R. 3633), moving from opposition to neutrality following recent discussions over Section 604, also known as the Blockchain Regulatory Certainty Act. In a July 3 letter addressed to Senate Banking Committee Chairman Tim Scott and Ranking Member …
The Indian government, which collected nearly ₹18.38 lakh crore (around $193.5 billion) in tax revenue during the 2025-26 financial year, is set to isolate banks from crypto. India’s biggest bank, the Reserve Bank of India (RBI), has proposed its ‘containment’ approach to cryptocurrencies, aiming to keep banks away from crypto transactions and private stablecoins while …
The National Organization of Black Law Enforcement Executives (NOBLE) has officially endorsed the CLARITY Act. This makes it the first major law enforcement organization to publicly support the crypto market structure bill, according to reports. Moreover, the endorsement is seen as a major development. The legislation is moving closer to a potential Senate vote. The …
The Maharashtra government will set up dedicated financial monitoring units in every district to identify fraudulent investment schemes and protect depositors. Announcing the move during discussions on the Maharashtra Protection of Interests of Depositors (Amendment) Bill, 2026, Minister of State for Home Yogesh Kadam said the Bill also brings cryptocurrencies and virtual digital assets under …
India’s Parliamentary Standing Committee on Finance has begun a meeting with Reserve Bank of India (RBI) officials to discuss the regulation and future of Virtual Digital Assets (VDAs). The session will examine issues including crypto regulation, taxation, and broader policy, with consultations also involving representatives from the Institute of Chartered Accountants of India (ICAI). The …