
Democrats Push Back on GOP Crypto Bill Over Ethics Concerns
The latest Clarity Act draft is drawing praise from the crypto industry and criticism from Democrats and bankers, highlighting deep divisions over crypto regulation in the U.S.
Regulation, enforcement, legislation, and crypto policy from around the world. 436 stories curated by CryptoCatalyst.

The latest Clarity Act draft is drawing praise from the crypto industry and criticism from Democrats and bankers, highlighting deep divisions over crypto regulation in the U.S.

The updated Clarity Act would ban high-ranking U.S. officials from issuing or sponsoring cryptocurrencies. This move aims to address concerns about conflicts of interest in digital asset markets.

After months of deliberations, Republicans released the latest text for broader cryptocurrency legislation, including software developer protections and an ethics provision set to expire in 2029.

The Digital Chamber of Commerce is suing Illinois to block a new 0.2% tax on crypto transactions, claiming it unfairly targets digital asset users. The tax was signed into law in June and is set to take effect soon.

Britain's pilot for digital government bonds could unlock trapped liquidity in financial markets, but experts say regulators must first approve an onchain stablecoin to serve as digital cash for settlement.

TRM Labs reports that HTX, a crypto exchange owned by Justin Sun and sanctioned by the UK, has been rotating hot wallets across multiple blockchains, making it difficult for address-list screening tools to keep pace.

XRP had its best day in weeks, rising on hopes that the U.S. Clarity Act will provide regulatory clarity. However, technical indicators suggest caution is still warranted for investors.

Russia has passed a law allowing crypto trading but limits individual investments to $3,800 per year. The law primarily aims to help companies bypass sanctions and trade internationally.

Russia's parliament has passed its first comprehensive crypto law, creating a state-regulated framework for exchanges and investors. The law establishes state-run platforms to facilitate trade, particularly for sanctioned entities. The law is expected to take effect in 2027, but implementation details remain unclear.

The U.S. Treasury has frozen a $130 million crypto wallet tied to Iran’s IRGC. This is part of a broader effort to track and seize assets linked to Supreme Leader Ali Khamenei, increasing economic pressure on Tehran.

President Trump has agreed to ethics language in a crypto bill, potentially moving the ball forward to getting crypto legislation passed into law.

Patrick Witt, the administration's top crypto policy negotiator, has deferred his military training to stay involved in the CLARITY Act's Senate proceedings. The bill could significantly reshape U.S. crypto regulations, with a vote expected in the next few weeks.

Grayscale Investments has filed an S-1 registration with the SEC to launch the first Worldcoin ETF in the US, expanding its lineup beyond Bitcoin and Ethereum products.

The UK's Crypto and Digital Assets All-Party Parliamentary Group (APPG) has launched an inquiry into banks that deny services to crypto firms, examining whether these practices are justified or unfairly stifling the sector.

Nigeria's president has signed an executive order creating a virtual asset council to oversee crypto regulation. The move aims to unify fragmented crypto policies and establish clear tax guidelines for digital assets.

The SEC has sued Mining Automatic and its founder for allegedly defrauding investors out of $22 million. The company promised guaranteed returns from crypto mining but reportedly spent only a fraction of the funds on mining operations.

Russia's parliament is close to passing its first comprehensive crypto law, which would license exchanges and allow companies to pay foreign partners in crypto, bypassing Western sanctions. The law also limits individual investments to about $3,800 per year.

Russia's parliament will vote on a crypto regulation bill on July 21, which includes rules for investors and cross-border payments. This could significantly impact how Russians use and trade cryptocurrencies.

Vietnam has introduced fines up to $1,900 for unlicensed crypto trading and AML violations as it prepares to launch a regulated crypto market. This move signals the country's serious approach to crypto regulation.

Brazil’s securities regulator has established a task force to create a tokenization framework within 60 days. The proposal will address key issues like ownership records, private key custody, and transaction reversibility.

Senator Elizabeth Warren has asked for details on Donald Trump’s crypto earnings between January and July 2026, ahead of a 2027 deadline. This comes as the Senate prepares to vote on a major crypto bill. Trump disclosed $1.4 billion in crypto earnings earlier this year.

Polymarket bettors have cut the odds of the CLARITY Act passing this year to a record low as Senate negotiations over ethics provisions remain unresolved.

A report alleges that a crypto bank linked to former President Trump built a system to bypass U.S. sanctions on Iran. The bank also used the AI Claude to write ad copy promoting the service.

South Korea's regulator is taking action against Dunamu, the operator of Upbit, following a $36 million hack. The case highlights gaps in the country's Virtual Asset User Protection Act regarding penalties for security breaches.