All articles tagged with #crypto
The Fairshake super PAC network is deploying millions to support 32 House incumbents in the 2026 midterms, prioritizing safe districts over competitive races. While the group claims to back pro-crypto candidates from both parties, critics note the strategy favors Republicans and ignores vulnerable Democratic allies, potentially impacting the industry's regulatory future.
Crypto’s bid for a sweeping federal framework collapsed in the Senate as ethics concerns tied to Trump-era crypto ventures outweighed industry influence, leaving the Clarity Act short of the 60 votes and signaling that money alone can’t overcome partisan opposition; Democrats demanded stronger ethics provisions and bank-lobbying concerns helped sink support, though regulators are still moving to provide ‘regulatory clarity’ and industry advocates vow to press on.
The House Ways and Means Committee voted 38-5 to advance a bipartisan crypto tax bill that revamps digital-asset taxation and includes a fix to allow gambling losses to be fully deductible, while addressing timing on mining and staking rewards. The move signals support across parties, but the bill’s fate remains uncertain amid a murky legislative path. The live updates also cover looming Section 702 surveillance renewal deadlines, a contempt-of-Congress finding against Leon Black in the Epstein probe, potential leadership challenges on other committees, and ongoing debates over AI regulation and federal tax incentives for data centers.
The Senate failed to advance the Clarity Act, leaving crypto markets without a durable federal framework and continuing reliance on agency rules that could change with future administrations. Industry leaders stressed that regulatory progress will continue via SEC/CFTC rulemaking and that banks and crypto firms will keep building under current rules, but uncertainty may push activity to Europe where MiCA provides a clearer framework.
The U.S. Senate failed to advance the Digital Asset Market Clarity Act, losing 49-50 and missing the 60-vote threshold, leaving the crypto industry without a federal market-structure law and shifting regulatory momentum to the SEC and CFTC amid election-year dynamics.
Senate Republicans push back on Democrats’ counteroffer to a major crypto-regulation bill, risking a floor-vote showdown as negotiators clash over expanded ethics safeguards and changes to the Blockchain Regulatory Certainty Act and commodities provisions; Democrats say the counteroffer addresses key priorities while Republicans claim they’ve offered substantial concessions and accuse Democrats of moving the goalposts. The liveUpdates also touch on AI policy debates and other Capitol Hill activity surrounding midterms.
Mexican authorities uncovered a clandestine cryptocurrency mining operation in Puebla’s Sierra Norte, housing about 300 GPUs and drawing power from a nearby hydroelectric dam; the facility, described as the fourth crypto farm found in the area since last year, underscores how cartels are using crypto mining to launder funds amid rising illicit activity and evolving financial crime tactics.
Senators warn the CLARITY Act is likely to fail this year unless the White House agrees to ethics restrictions on Trump family crypto ventures, as lobbying fights, midterm scheduling, and public distrust sap momentum and push regulation toward a less durable, agency-driven approach.
Fed Governor Waller’s tilt toward holding rates in September trims the odds of a hike to about 50% (even as guidance suggests the path may still move toward zero). With August payrolls and CPI data on deck, the outcome remains data‑dependent, but the piece touts a contrarian bullish September, noting that several top performers since June are crypto-related and hinting at crypto FOMO later in the month.
San Diego County public health officials are investigating four cases of cryptosporidiosis tied to the Gaylord Pacific Resort pools, with exposures reported between July 24 and Aug. 15. Crypto can survive in well-maintained pool water and is resistant to chlorine, spreading via oocysts; symptoms include watery diarrhea 2–10 days after exposure, and people can shed the parasite even after symptoms resolve. Health officials advise thorough handwashing with soap and water and careful, hydrogen-peroxide-based disinfection, noting the illness is typically mild for healthy individuals but more serious for immunocompromised swimmers.
GTA 6 leaks from a group called Cyberleek preceded the Netflix gameplay reveal, using a meme-coin voting system with $CYBERLEEK. After the official trailer, Cyberleek reportedly cashed out around $250,000 in crypto, sending the coin from about $0.034 to $0.005 (an 86% drop) and raising questions about how the leaked footage was obtained and how complete the playable build actually was.
Bitcoin surged to about $78,200—its highest since May and on track for near-$80k—while Hyperliquid, a decentralized perpetual futures platform, posted record activity and a roughly 195% year-to-date rise in its HYPE token, drawing substantial trading volume away from spot BTC. The rally was supported by macro factors and earlier short liquidations, and it comes amid ongoing U.S. regulatory chatter—Trump’s push for crypto framework and the CFTC’s push for clearer rules—which has boosted sentiment in the crypto space. Overall, the crypto market has gained around 25% over the past week.
Stocks opened higher on Friday, buoyed by a rally in bitcoin and strength in crypto names and commodities, with the materials sector leading as copper and gold rose; but the market was still on track for weekly losses as defensive stocks lagged.
The U.S. Treasury plans to nearly double buybacks of 10–30 year bonds to at least $4 billion per operation over the next two months to tamp down borrowing costs as debt surpasses $40 trillion, sending bond prices up, yields lower, and lifting stocks and cryptos. The surge in debt also highlights near $1.2 trillion in interest payments this year. In other notes, Trump criticizes the Fed and vows action against Iran, while Moderna and Merck report promising cancer-vaccine trial results; Nvidia is pursuing Nordic AI infrastructure deals to connect data centers with its GPUs.
The SEC postponed releasing a regulatory framework for digital assets after White House concerns that a separate rule could bog down crypto legislation, triggering confusion about which rule to advance and canceling a planned Friday vote; only the framework was set for approval, while the innovation exemption remained under review. A high-profile crypto industry meeting was planned with major firms, but CME Group was notably absent amid a CFTC dispute.