News linked to both this project and an event.
one year after the US House of Representatives passed the CLARITY Act, the bill has still not moved forward in the Senate. On July 17, House members held a hearing at Federal Hall National Memorial in New York to discuss how the bill could establish clearer rules for the digital asset market. House Majority Whip Tom Emmer stated that nearly 80 Democrats joined Republicans in passing the CLARITY Act, but the Senate has yet to make measurable progress. Participants in the hearing included representatives from Nova Labs, Bullish, WisdomTree, and Coin Center. House Financial Services Committee Chairman French Hill noted that even with the GENIUS Act and dollar-backed stablecoin laws in place, without a market structure bill, the digital asset ecosystem still lacks the rule system needed to support its operation. Senator Cynthia Lummis said on July 14 that the Senate version of the CLARITY Act is ready, and the text of the bill will be released within days.
The Crypto Innovation Council (CCI) announced that Etherealize, Hyperliquid Policy Center, and Tools for Humanity (TFH) have officially joined. CCI stated that the new members will enhance its technical expertise in the fields of on-chain finance, institutional finance, and digital identity to better support policy making.
According to the memorandum, on July 14, 2026, staff from the SEC Crypto Task Force held a meeting with representatives from the Hyperliquid Policy Center, Highland Labs Pte. Ltd. (Hyperliquid Labs), XYZ Ltd., and Sullivan & Cromwell LLP to conduct an in-depth discussion on topics such as regulatory approaches for crypto assets and the technical architecture and market ecosystem of the Hyperliquid Protocol.
Odaily News: U.S. Senator Ron Wyden has sent a letter to Senate Majority Leader John Thune and Senate Minority Leader Chuck Schumer, urging that any version of the "Digital Asset Market Clarity Act" considered by the Senate retain Section 604 to protect non-custodial blockchain developers who do not control user assets. Ron Wyden stated that developers should not be considered money transmitters simply because they create or publish software that allows users to manage their own digital assets. Coin Center Executive Director Peter Van Valkenburgh, the DeFi Education Fund, and Galaxy Digital Head of Research Alex Thorn have expressed support for this stance. Alex Thorn also noted that supporting developer protections does not mean Ron Wyden will endorse the entire CLARITY Act. Ron Wyden further stated that the provision does not protect developers involved in illegal activities and can direct law enforcement resources toward criminals and unlicensed money transmission businesses, rather than neutral software developers. (Bitcoin.com News).
U.S. Commodity Futures Trading Commission (CFTC) Chair Mike Selig posted on X platform, stating that Illinois' legislation imposing a so-called "sin tax" on blockchain technology could jeopardize Chicago's future status as a financial market center. The bill even taxes the transfer of crypto assets that have not generated any economic gains. Mike Selig described it as "slow-down legislation" and said the bill would turn residents' property rights from "inherent rights" into "permission-based privileges."Mike Selig added that, against the backdrop of blockchain technology continuously reshaping financial markets, choosing to tax crypto wallets over policy options that drive economic growth may historically be seen as a turning point for Chicago's financial development, or even a sign of decline.
the AI boom has led to a surge in electricity demand from data centers across the United States, causing electricity prices to continue rising in many areas and prompting power outage warnings in some regions. To alleviate the power supply dilemma, the U.S. Federal Energy Regulatory Commission on the 18th required regional grid operators to consider new agreements to expedite the grid connection process for large electricity consumers like data centers. The commission also stated that it will no longer proactively consider environmental impacts under the U.S. National Environmental Policy Act when formulating rules going forward.According to data from the Data Center Map website, there are currently over 4,000 operational data centers in the U.S., with a vast number more in the planning or construction phase. However, the pace of data center construction far outstrips the speed at which new power plants can be brought online, compounded by slow grid interconnection timelines. As a result, major tech giants across the country are scrambling to secure electricity quotas for their facilities. Statistics from the Electric Power Research Institute indicate that data centers currently consume about 5% of total U.S. electricity demand, a share that could rise to approximately 20% by 2035. (CCTV Finance)
The People’s Bank of China, the National Development and Reform Commission, the National Financial Regulatory Administration, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and the Shanghai Municipal People’s Government jointly issued the *Action Plan for Developing Offshore Finance in the Shanghai International Financial Center*, which states that, relying on the Digital RMB International Operations Center, digital RMB cross-border, offshore, and blockchain infrastructure will be built and operated under secure and controllable conditions; interconnection with overseas financial infrastructure will be prudently advanced; and the application of digital RMB in offshore business—and the expansion of its use cases—will be steadily promoted.
Odaily Seer Prophecy Channel monitors that Polymarket has launched a new prediction event for "SpaceX Starship First Launch Date from Florida."To date, all integrated test flights of Starship have been conducted at Starbase in Texas. SpaceX is currently building Starship launch and manufacturing facilities in Florida, including a Starship launch tower at Kennedy Space Center's LC-39A, and renovation work at Cape Canaveral's SLC-37. Relevant projects still require regulatory approval, environmental assessments, and infrastructure construction.SpaceX President and COO Gwynne Shotwell stated in a CNBC interview in June 2026 that the company expects Starship Flight 13 to launch in about a month and plans to gradually achieve a monthly Starship launch cadence. She also mentioned that future missions could include Starship's first-ever launch from Florida.Odaily Seer Prophecy Channel continues to follow the prediction market—seeing changes before pricing.
According to The Block, the Hyperliquid Policy Center and Paradigm have jointly written a letter to the U.S. Department of the Treasury urging revisions to a proposed anti-money laundering rule, stating that it could impose strict liability on stablecoin issuers for secondary-market transactions over which they lack substantive control.
According to reporter Eleanor Terrett, the U.S. House Committee on Ways and Means held a hearing on cryptocurrency taxation at 2 p.m. local time on June 9, unveiling six standalone bills and one discussion draft ahead of the hearing. The six bills address cryptocurrency donations, taxation of mining and staking, reporting requirements, tax treatment parity, voluntary disclosure, and the application of existing anti-abuse tax rules to digital assets; the discussion draft targets offshore cryptocurrency tax avoidance. The Committee stated that these proposals aim to bring clarity, fairness, and operational feasibility to digital assets while safeguarding the United States’ position as the world’s leading hub for cryptocurrency. Witnesses at the hearing included representatives from Fidelity, Coinbase, Coin Center, and the NYU Tax Law Center.
the National Computer Network Emergency Response Technical Team/Coordination Center of China (CNCERT) issued a statement, stating that recent comprehensive analysis has found that some AI agent skill packs (Skills) are being publicly disseminated under the guise of "Large Model Jailbreak" or "Mining for Profit," inducing users to bypass the security restrictions of large models or occupy device resources for illegal mining activities.These malicious Skills could lead to models generating illegal information, user accounts being blocked according to law, device performance degradation, and even potentially involving users passively in criminal activities such as money laundering, seriously infringing upon individual legal rights and endangering network security. CNCERT reminds users and relevant operating entities to remain vigilant, strengthen the review of Skills sources and behavioral monitoring, promptly remove suspicious components, and guard against the security risks arising from this.
: Jeff.hl posted on X platform, stating that during the advancement of the CLARITY Act, he has met with multiple U.S. policymakers in Washington through the Hyperliquid Policy Center to discuss the regulatory path for introducing on-chain derivatives markets in the United States. Part of the discussion focused on the global demand for on-chain trading as financial innovation, while another part explored the potential of on-chain markets from the principles of DeFi. Jeff.hl stated that he will continue to push forward related work in Washington, hoping to enter the U.S. market and enable local users to access Hyperliquid.
the Hyperliquid Policy Center stated that Hyperliquid, as an on-chain perpetual contract trading platform, can provide a new model for market integrity and transparency. The agency claimed that Hyperliquid makes all on-chain transaction records publicly available in real-time, which helps regulators and law enforcement agencies with monitoring, identification, and investigation, and also reduces the risks of insider trading and price manipulation.Previous reports indicated that ICE and CME are communicating with U.S. regulators, urging the CFTC to strengthen oversight of Hyperliquid. Their argument is that the platform's 24/7 operation of commodity trading could pose manipulation risks to markets such as global oil prices.Hyperliquid has recently experienced rapid growth in the commodity trading sector, partly due to its support for non-traditional trading hours and weekend trading. This week, 21Shares and Bitwise also successively launched ETFs related to Hyperliquid, citing increased oil and metal trading activity on the platform.The Hyperliquid Policy Center, however, believes that round-the-clock trading actually enhances market efficiency. Since price changes do not stop when traditional exchanges are closed, continuous trading helps reduce gaps between trading sessions and improves price discovery.
: Digital Asset Clearing Center (DACC), a tokenized financial market infrastructure provider, announced the completion of a $10 million strategic financing round. Participants included Conflux, Global InfoTech, Fosun International, Blockstone, Avior Capital, Fintech World, Satoshi Ventures, and BridgeTower. DACC currently offers financial institutions an end-to-end "Clearing-as-a-Service" solution. The new funds will support the construction of its compliant financial settlement and clearing infrastructure. (Aastocks)
the Hyperliquid Policy Center stated on X that Bloomberg’s coverage of some traditional exchanges’ concerns regarding the integrity and influence of Hyperliquid’s perpetual contract market is “unfounded.” Hyperliquid achieves market transparency through fully on-chain records, with every transaction publicly available in real-time, traceable, and immutable. This mechanism significantly reduces the potential for insider trading and price manipulation, and aids regulators and law enforcement in monitoring, identifying, and investigating activities.Furthermore, Hyperliquid emphasized that its 24/7 trading mechanism significantly enhances market efficiency, allowing prices to continuously reflect information changes even during traditional exchange holidays. This reduces price gaps and liquidity fragmentation caused by segmented trading hours, thereby optimizing overall price discovery.On regulatory matters, Hyperliquid pointed out that the current U.S. legal system has not yet fully adapted to the structure of public chain-based derivatives markets. However, it expressed a welcome and anticipation for cooperation with policymakers in Washington to progressively incorporate on-chain markets within the regulatory framework.
According to Yonhap News Agency, the Korea Digital Asset Exchange Alliance (DAXA) submitted its official comments on the draft Enforcement Decree of the Act on Reporting and Using Specified Financial Transaction Information (“Special Financial Information Act”) to the National Participation Legislative Center of the Ministry of Government Legislation on April 29. The comments reflect the collective views of 27 Virtual Asset Service Providers (VASPs), including the five major exchanges Upbit and Bithumb. DAXA raised objections to two core provisions in the draft revision: First, the proposal to categorize all virtual asset transactions exceeding KRW 10 million as suspicious transactions—mandating compulsory reporting to the Financial Intelligence Unit (FIU). This change is projected to increase the annual number of suspicious transaction reports filed by the five major exchanges from 63,000 to 5.445 million, an 85-fold surge. Second, the draft introduces a new obligation to verify the accuracy of customer information, going beyond existing customer identification requirements—and exceeding the scope of authority granted under the higher-level law. Moreover, penalties for noncompliance are significantly harsher than those applied to other financial sectors. While DAXA supports the legislative intent behind the revision—to strengthen the anti-money laundering (AML) framework—it contends that certain provisions overstep the statutory delegation of authority and impose discriminatory treatment on the virtual asset industry. The draft revision’s public consultation period ends on May 11, with formal adoption expected in July. The relevant provisions will be implemented in phases between August 2026 and 2027.
the Hyperliquid Policy Center (HPC) has announced it has formally submitted a comment letter regarding the Commodity Futures Trading Commission's (CFTC) Advance Notice of Proposed Rulemaking (ANPRM) on prediction markets. The HPC advocates for establishing clear compliance pathways for decentralized prediction markets built on public, permissionless blockchains, while simultaneously refining the regulatory framework for centralized prediction markets.In its comment letter, the HPC calls on the CFTC to develop more flexible, function-oriented rules tailored to decentralized market structures; to establish clear legal channels for U.S. market participants to access decentralized prediction markets; and to support U.S. leadership in the field of decentralized finance innovation.The HPC states that prediction markets are a natural extension of the federal derivatives framework. They help participants directly manage their economic risk exposure to real-world events and aggregate dispersed information through continuously updated market prices. Their price discovery capabilities have been widely validated and, in some cases, outperform traditional polling and expert forecasts.The HPC points out that decentralized prediction markets based on public blockchains offer advantages such as transparency, non-custodial operation, and high resilience. They do not rely on centralized operators to hold user funds, nor do they present single points of failure. All transactions are recorded in real-time on a public ledger, facilitating both regulatory oversight and market surveillance, while market access standards are more transparent and uniform.The HPC emphasizes that the current rulemaking process should not codify reliance on single exchange operators, custodial intermediaries, or traditional settlement monitoring mechanisms. Doing so would prevent U.S. users from legally participating in decentralized prediction markets. The HPC states it will continue to promote compliant access to Hyperliquid and HIP-4 Outcome Markets for U.S. market participants, and will maintain ongoing communication with the CFTC.
According to Fox News, the U.S. Federal Bureau of Investigation (FBI), in collaboration with law enforcement agencies in Dubai, China, and Thailand, conducted a large-scale multinational joint operation that successfully dismantled at least nine overseas cryptocurrency scam centers and arrested 276 suspects, involving millions of dollars in illicit funds. In this operation, the U.S. District Court for the Southern District of California filed federal charges of wire fraud and money laundering against six suspects. Those charged include nationals from Myanmar and Indonesia, who operated scam organizations under names such as “Sanduo Group” and “Giant Company.” Dubai police arrested 275 suspects, while the Royal Thai Police apprehended one additional fugitive. These scam networks employed the “pig-butchering” scheme—building fake friendships or romantic relationships to gain victims’ trust, then luring them into transferring funds to fraudulent cryptocurrency investment platforms, after which the proceeds were laundered and transferred to criminal accounts. This operation aligns with the executive order signed by Trump on March 6, 2026, aimed at combating overseas criminal networks that exploit U.S. citizens. The FBI’s dedicated initiative, “Operation Level Up,” has notified approximately 9,000 victims and recovered roughly $562 million in losses for U.S. citizens. The FBI urges victims to report incidents through the Internet Crime Complaint Center (IC3).
According to official news, Hyperliquid has established the Hyperliquid Policy Center (HPC) in the United States. Funded by the Hyper Foundation, this institution aims to advocate for legal clarity and protection for US users and developers. HPC will primarily focus on the on-chain perpetual contracts sector, advocating for the development of a regulatory framework that reflects the advantages of decentralized markets. It seeks to address the current issue within the US legal framework, where reliance on centralized intermediaries prevents retail investors from legally participating in decentralized derivatives trading. HPC is committed to establishing legal domestic participation pathways for a full range of financial instruments, including on-chain perpetual contracts, spot digital assets, prediction markets, and tokenized securities.
Odaily News Coin Center released a report stating that cryptocurrency software code constitutes "functional speech" and should be protected under the First Amendment of the U.S. Constitution. The organization argues that writing and publishing code is akin to writing a book or publishing a recipe; developers are "expressers and inventors," not custodians of assets or intermediaries.The report points out that the mere act of publishing and maintaining software should be strictly protected. However, when developers directly control user assets, execute transactions on behalf of users, or make decisions for users, they may enter a realm subject to regulation.This statement comes at a time of increasing regulatory controversy. Coin Center emphasized that developers should not be treated as financial intermediaries for the convenience of law enforcement. It calls for upholding existing free speech principles in the context of new technologies, rather than expanding the boundaries of criminal liability. (Cointelegraph)