Senator Lummis: Ethics, other provisions in crypto Clarity Act to be further discussed
Senator Cynthia Lummis, one of the lead negotiators on the bill, told CoinDesk she was “pleased” that the updated bill was ready for release.
Key Democratic lawmakers say crypto Clarity Act ‘falls short’ on ethics, other issues
Several of the Democrats most likely to vote for the crypto market structure bill said they had issues with the new draft published by Republicans earlier in the day.
$141M Fundraise to $8 Daily Fees: Movement Labs Files for Bankruptcy
Movement Labs has filed for Chapter 11 insolvency protection in the U.S. Bankruptcy Court of Delaware. This follows months of controversy and a token scandal that left the network dealing with major financial issues. Movement’s Bankruptcy Timeline In its bankruptcy filing, the company said it has under 1,000 creditors, between $100,000 and $500,000 in assets,…
Tesla holds bitcoin treasury steady, reports $112M impairment loss
The electric vehicle maker maintained its 11,509 BTC treasury through the second quarter as bitcoin declined 14%, alongside mixed earnings that beat revenue expectations but missed on profit.
Crypto Industry Launches First Major Legal Challenge to Illinois’ Digital Asset Tax
The Digital Chamber has filed a lawsuit to block Illinois’ upcoming crypto tax. The industry advocacy group argues that the tax unlawfully targets blockchain transactions for discriminatory reasons. Illinois Faces Legal Challenge Over Crypto Tax Law Illinois’ Digital Asset Tax Act (DATA), scheduled to take effect on January 1, 2027, imposes a 0.02% levy on…
Galaxy puts $5 million behind Bitcoin’s race to migrate before quantum risk arrives
Galaxy Digital pledged up to $5 million on July 21 to help Bitcoin prepare for the quantum era. The initiative will back developers as they reach key milestones, while supporting research and a Quantum Advisory Council. Quantum computers cannot crack Bitcoin’s signature security today, but the program aims to get migration work moving before that…
1,000,000 ETH in a Month: Is Ethereum Poised for a Major Rally?
The second-largest cryptocurrency has staged a minor resurgence in the past few days, yet certain bullish signals suggest it could be on the verge of a further rally. Analysts speculate that the price may soon surpass $2,300, while others warn that a potential drop to as low as $1,000 might also be on the way.…
New CLARITY Act update bans officials including presidents from issuing or even holding crypto tokens
On July 22, US Senate Republicans released an updated version of the CLARITY Act, moving one of Washington’s most consequential cryptocurrency bills back toward a potential floor vote. The updated text follows weeks of negotiations and seeks to establish a broad federal market-structure framework for digital assets in the United States. The proposal addresses several…
MVMT Labs bankruptcy lists under $1 million in assets after $38M raise
Movement Labs raised $38 million in an April 2024 Series A led by Polychain Capital. By July 22 this year, MVMT Labs’ bankruptcy filing showed just $100,001 to $1 million in estimated assets against $1 million to $10 million in liabilities, with 200 to 999 creditors listed. After the company filed for Chapter 11 Subchapter…
Bitwise CIO Predicts the Biggest Crypto Bull Market Yet – These 2 Investments Could Lead It
With the crypto market showing signs of bottoming, Bitwise Chief Investment Officer Matt Hougan said investors looking ahead to the next crypto bull market should pay particular attention to two types of investments that he believes are best positioned to benefit as blockchain technology becomes more deeply integrated with traditional finance. In his latest market…