Proposed CLARITY ethics deal could save Trump millions in taxes: Bloomberg
The latest bipartisan ethics proposal would reportedly require Trump to divest crypto businesses while allowing him to defer capital gains taxes on those sales.
Bitget explores licensed crypto presence in Bhutan
Crypto exchange Bitget has signed an agreement with Gelephu Mindfulness City Authority to pursue a regulated local presence.
MARA swings to Q2 loss as Bitcoin’s slump masks higher output
Bitcoin miner MARA posted its highest quarterly Bitcoin production in over a year, but was overshadowed by a 28% decline in the average price of Bitcoin.
US Senate pushes CLARITY Act vote to September: Report
Senate Majority Leader John Thune reportedly confirmed that the chamber was “punting” the vote until September.
Crypto market maker Wintermute launches US broker-dealer
Wintermute said the registration allows the firm to position itself for the growth of tokenized securities in the US.
Following primary loss, crypto PACs invest $1.5M in 3 US state races
The Defend American Jobs and Protect Progress PACs reported spending more than $1.5 million on media for four House and Senate races ahead of Aug. 18 primary elections.
Bitcoin ETF inflows surge after Coldcard hack, but link is unclear: Bloomberg analyst
A week-long streak of inflows into US spot Bitcoin ETFs has coincided with the Coldcard wallet exploit, fueling debate over whether some investors are shifting away from self-custody.
US appellate court mandate affirms Sam Bankman-Fried conviction
Three circuit judges disputed the former FTX CEO’s claims that the defunct crypto exchange’s investors could have been made whole and wouldn’t have experienced any losses.
Bitcoin miners’ AI pivot loses Wall Street’s wow factor
New analysis finds AI infrastructure contracts are becoming larger and more profitable, but investors now demand stronger execution before rewarding bitcoin mining stocks.
US Senate will vote on CLARITY crypto bill ‘without any question’ this week: Tim Scott
The South Carolina lawmaker who heads the Senate Banking Committee said that the majority leader still had time to put the crypto bill on the agenda despite the narrow voting window.