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Crypto & Web3CoinDesk ·

SEC Chair Atkins Supports Clarity Act While Pledging Independent Crypto Rulemaking

SEC Chair Paul Atkins has expressed support for the Clarity Act while affirming the agency will continue advancing its own cryptocurrency regulations regardless of the legislation's fate. Atkins identified three core areas — crypto issuance, transfer agent modernization, and custody — as central to the SEC's regulatory agenda. The remarks signal that the SEC does not intend to wait for congressional action before shaping the digital asset landscape. This dual approach suggests the agency plans to pursue both legislative alignment and independent rulemaking simultaneously.

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Crypto & Web3CoinDesk ·

Sen. Lummis Says Crypto Market Structure Bill Talks Have Hit a Wall

U.S. Senator Cynthia Lummis, a leading advocate for crypto legislation in Washington, has indicated that negotiations on the Crypto Clarity Act have stalled. Lummis, who has worked on the bill for over five years, says she has exhausted her willingness to make further revisions. The senator cited continued Democratic demands for additional changes as the key obstacle blocking progress. The impasse raises fresh uncertainty over the timeline for passing a comprehensive crypto market structure framework in the United States.

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Crypto & Web3CoinDesk ·

Robinhood to add voting rights and share redemptions to offshore stock tokens

Robinhood CEO Vlad Tenev has announced plans to expand shareholder features for the platform's offshore stock tokens. The move comes after the tokens faced criticism over limited ownership rights for holders. Tenev confirmed that share redemptions and voting rights are among the features being developed. The announcement signals Robinhood's effort to address concerns about whether token holders have genuine equity-equivalent protections.

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Crypto & Web3CoinDesk ·

Trump's $800M World Liberty Financial Token Stake Locked Until 2028

Onchain blockchain records have revealed that a crypto stake worth approximately $800 million, linked to Donald Trump's holdings in World Liberty Financial, has been moved into a vesting contract. The transfer effectively restricts any sale of the tokens for the foreseeable future. Under the terms of the contract, the stake cannot be sold until 2028. Additionally, a mandatory 10% token burn must occur before the holdings become transferable or sellable.

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Crypto & Web3CoinDesk ·

Trump's Crypto Adviser Says President Traded Ethics Powers in Clarity Act Deal

President Donald Trump's digital assets adviser made remarks at a Washington event regarding a significant legislative compromise. The comments came a day after new compromise language was released for the Clarity Act, a key crypto regulatory bill. The adviser indicated that Trump relinquished what were described as historically significant ethics-related powers as part of the deal. The statement highlights the trade-offs made during negotiations over the landmark cryptocurrency legislation.

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Crypto & Web3CoinDesk ·

Banking Groups Push for Stricter Stablecoin Rewards Rules Ahead of Senate Vote

Eight major banking industry groups have called for tighter restrictions on stablecoin rewards programs. The demand was made public on Monday, intensifying the ongoing rivalry between traditional banks and the crypto sector. The move comes as the U.S. Senate prepares to vote on the Clarity Act, a key piece of stablecoin legislation. The banking groups aim to influence the bill's final shape before it advances through Congress.

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Crypto & Web3CoinDesk ·

State AGs Push Back on Clarity Act Over Fear of Losing Crypto Enforcement Powers

A bipartisan coalition of state attorneys general has voiced opposition to the federal Clarity Act, a proposed cryptocurrency legislation currently under consideration. Their primary concern is that the bill could preempt state-level authority, limiting their ability to pursue securities and commodities cases. The AGs specifically worry this would hamper their efforts to prosecute crypto-related online scams and fraud. The pushback highlights growing tension between federal crypto regulatory efforts and states seeking to retain their own enforcement jurisdiction.

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Crypto & Web3CoinDesk ·

Prediction Markets Raise Odds on US Crypto Clarity Act Passing

Bettors on prediction platforms Kalshi and Polymarket have significantly increased the perceived likelihood of US crypto market structure legislation moving forward. The legislation in question is the Clarity Act, which aims to establish a regulatory framework for digital assets. A key upcoming milestone is a Senate vote scheduled for Tuesday, which will serve as a critical test for the bill's progress. Despite the improved odds, analysts caution that the bill still faces a lengthy and uncertain path before it could become law.

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Crypto & Web3CoinDesk ·

US Senate Faces Key Vote on Crypto Clarity Legislation in September

The US Senate has an opportunity on September 15 to advance crypto regulatory clarity legislation. The Blockchain Association's Summer Mersinger argues that lawmakers should act now rather than wait for another market failure. Mersinger's piece urges senators not to let the pursuit of a perfect bill obstruct the passage of a workable one. The vote represents a critical moment for the crypto industry, which has long sought clearer regulatory guidelines in the United States.

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Crypto & Web3CoinDesk ·

Revised Clarity Act Requires Divestiture, Empowers State AGs to Enforce Ethics Rules

A revised draft of the Clarity Act includes updated ethics provisions that President Donald Trump has agreed to. The new version mandates divestiture, requiring officials to sell off conflicting financial interests. The draft also grants state attorneys general the authority to file lawsuits to enforce these ethics rules. The changes represent a significant shift in how compliance with the act's ethics standards could be pursued at the state level.

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Crypto & Web3CoinDesk ·

Kaiko raises $110M in extended Series B with S&P Global and BNP Paribas

Crypto market data firm Kaiko has extended its Series B funding round to $110 million, attracting major institutional investors including S&P Global and BNP Paribas. The round brings together prominent traditional financial institutions alongside banks and exchange operators. The fresh capital is intended to support Kaiko's expansion into continuous market data services. This investment signals growing institutional interest in professional-grade cryptocurrency data infrastructure.

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Crypto & Web3CoinDesk ·

Bitmine Nears 5% ETH Goal After $68M Purchase as Tom Lee Flags More Upside

Bitmine, an Ethereum-focused treasury firm, has added $68 million worth of ether to its holdings, bringing it closer to its 5% accumulation target. The purchase reflects growing institutional interest in Ethereum as a treasury asset. Prominent investor Tom Lee has pointed to a rising ETH-BTC ratio and increasing institutional demand as key catalysts for further upside. Lee's outlook suggests he expects Ethereum to continue outperforming Bitcoin in the near term. The move signals broader confidence among institutional players in Ethereum's long-term value proposition.

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Crypto & Web3CoinDesk ·

Bitwise Shuts Dogecoin ETF After 10 Months Amid Weak Investor Demand

Bitwise is closing its BWOW Dogecoin ETF after just 10 months of operation, citing persistently low investor interest. The fund struggled to attract buyers throughout its short lifespan, underperforming significantly compared to rival altcoin products. Meanwhile, ETFs tracking XRP and Solana collectively drew approximately $3 billion in investments, highlighting a stark contrast in demand. The closure raises broader questions about the viability of altcoin ETFs and what distinct financial need such products serve for investors.

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Crypto & Web3CoinDesk ·

Trump Accepts Stricter Ethics Rules to Advance Clarity Act Crypto Bill

President Donald Trump has agreed to expanded conflict-of-interest provisions in order to gather critical Senate support for the Clarity Act, a major cryptocurrency legislation bill. The concessions include stronger ethics rules and the granting of enforcement powers to state-level authorities. The move signals Trump's willingness to compromise on regulatory guardrails to push the bill forward. The Clarity Act is seen as a significant piece of legislation aimed at providing regulatory framework for the crypto industry.

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Crypto & Web3CoinDesk ·

FCA Eyes Special Rules for Tokenized Gold to Keep London Competitive

The UK's Financial Conduct Authority is exploring a dedicated regulatory framework for tokenized gold in collaboration with the Treasury. The initiative aims to exempt digital gold products from existing traditional fund regulations. The move is designed to protect and strengthen London's position as a leading financial market. By crafting bespoke rules, regulators hope to accommodate the growing digital assets sector without applying outdated fund laws to it.

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Crypto & Web3CoinDesk ·

Fed Rate Hike of 25 Basis Points Expected as Two-Day Policy Meeting Looms

The U.S. Federal Reserve is set to begin its two-day policy meeting the following day. Market participants have reached near-unanimous consensus that the central bank will raise its benchmark interest rate by 25 basis points. The anticipated hike reflects the Fed's ongoing efforts to manage inflation and monetary policy. Meanwhile, financial markets showed mixed signals, with Bitcoin posting modest gains even as stock markets declined amid concerns over artificial intelligence developments. Oil prices surged during the same period, adding further complexity to the broader economic outlook.

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Crypto & Web3CoinDesk ·

Bitcoin rises to $78,000 as crypto decouples from AI-driven stock selloff

Bitcoin climbed 1.9% since midnight UTC to reach $78,000, moving in the opposite direction of broader tech markets. Nasdaq 100 index futures fell 1.65%, pressured by calls to slow artificial intelligence development. Crude oil prices also moved sharply, gaining nearly 4% following a Saudi pipeline closure. The divergence highlights crypto's relative independence from the AI-sector turbulence that rattled equity markets.

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Crypto & Web3CoinDesk ·

ByteDance secures $29.6B loan to fund major AI infrastructure expansion

TikTok's parent company ByteDance has arranged a $29.6 billion loan as part of its growing artificial intelligence ambitions. The Chinese tech giant is reportedly considering investing as much as $70 billion in AI data centers and related infrastructure. The move signals ByteDance's intent to compete aggressively in the global AI race. This development comes at a time when leading U.S. AI companies have been calling for a slowdown in the pace of AI advancement.

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