News linked to both this project and an event.
: Fox Business crypto reporter posted on X that BlockchainAssn, a crypto industry organization, has filed an amicus brief supporting Custodia Bank's petition to the U.S. Supreme Court, urging the Court to review whether regional Federal Reserve banks have the authority to deny eligible state-chartered banks access to master accounts. The organization warned that lower court rulings in favor of the Federal Reserve grant the central bank broad power to disqualify industries or companies it does not recognize from accessing banking services, effectively determining which state-chartered banks are permitted to operate. Meanwhile, the Federal Reserve Bank of Kansas City has been granted an extension until September 11 to respond to Custodia's petition.
Odaily News: Fox Business crypto reporter posted on X platform that the Securities and Exchange Commission's Division of Investment Management has issued a no-action letter to FTDA_US, allowing its registered funds to use Franklin Templeton's on-chain money market fund FOBXX to manage cash, including securities lending collateral. The exemption allows Franklin Templeton to custody these fund shares and record ownership through its blockchain-integrated system, without needing to comply with certain traditional rules established for physical securities. Franklin Templeton stated that this structure supports intraday trading, hourly net asset value calculations, and faster transaction processing.
Odaily News: Fox Business crypto reporter stated on the X platform that the SEC will hold an open meeting at 10:00 AM Eastern Time on Friday to consider whether to issue a notice proposing a tailored issuance regime for certain investment contracts involving crypto assets.
Odaily News: Stablecoin issuer Circle Internet Group has announced that it has renewed its USDC cooperation agreement with cryptocurrency exchange Coinbase under existing terms, and USDC will continue to be integrated across Coinbase's various products. The company did not disclose the specific economic terms of the renewed agreement. Circle's total revenue and reserve income for the second quarter reached $701 million, up 7% year-over-year; USDC circulation stood at $73.3 billion at the end of the quarter. Currently, Circle has signed distribution agreements with over 150 partners, providing economic incentives for the adoption and promotion of USDC. Circle CFO Jeremy Fox-Geen stated that the company has no plans to introduce quarterly dividends for now, and will prioritize investing capital into business growth while maintaining balance sheet flexibility to support investment and strategic opportunities across different market cycles. (news.bitcoin)
Odaily News: US Senate Banking Committee Chairman Tim Scott stated that the CLARITY Act, which addresses cryptocurrency market regulation, will face a vote before the congressional recess — "there is no doubt it will come to a vote."In an interview with Fox News, Scott said the Senate may extend its working hours beyond the next two days to advance progress on related legislation. He noted that Republicans are building consensus on the bill internally and believe that establishing a crypto regulatory framework "serves America's interests."Tim Scott said: "We will get this done."The CLARITY Act aims to further clarify the US digital asset regulatory framework by delineating the respective oversight responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the crypto market. Supporters argue the bill would provide clearer rules for the industry and help the US maintain competitiveness in the digital asset space.Currently, the bill still faces disputes within Congress over consumer protection, regulatory authority, and market risk. If ultimately passed, it would mark a significant step forward in building the US crypto regulatory system. (Beincrypto)
Odaily Planet Daily reported that Fox Business crypto journalist posted on X, stating that Lummis said Senator Hawley is "very resistant." Hawley did not vote in favor of the GENIUS Act and is not expected to vote for the CLARITY Act either; however, discussions with his office are reportedly still ongoing. Other Republican opposition appears to stem from the banking industry's concerns over the stablecoin earnings provisions in the bill. Fox Business crypto journalist noted that an industry source familiar with the matter said yesterday that, given the banking lobby's pressure and concerns from some Republicans, the earnings provisions in the bill are expected to undergo at least partial adjustments before it goes to a full Senate vote. However, it remains unclear whether these adjustments will be sufficient to satisfy the banking sector.
Fox Business crypto journalist posted on X that former NCUA Chairman Rodney Hood stated last week that credit unions play an important role in modernizing the financial system. A few days later, AmericasCUs, along with credit union leagues in all 50 U.S. states, supported the vast majority of the Clarity Act. However, they echoed the banking industry's concerns regarding the bill's stablecoin yield provisions, urging senators to strengthen the language. These groups believe that the current Tillis-Alsobrooks compromise could still allow for "functionally passive" reward structures, potentially causing deposits to flow out of local credit unions.
: Fox Business crypto journalist posted on platform X that the crypto industry hopes U.S. Senate Republicans will push the Clarity Act to the floor voting process this week and seek support from Democrats.
: Fox Business crypto reporter posted on X platform that the National Fraternal Order of Police, one of the key law enforcement groups involved in the negotiations for the Blockchain Regulatory Certainty Act, now supports the latest version of the Clarity Act, stating that the revised BRCA wording addresses their previous concerns and preserves law enforcement’s ability to investigate crypto crimes. In the latest version of the bill released on Wednesday, the BRCA content remained unchanged, so it is unclear what specific changes the group is referring to.
Odaily News: Fox Business crypto reporter posted on platform X that Digital Chamber, Crypto Council, and Blockchain Association are urging U.S. Senate leadership to bring the Clarity Act to a full floor vote, despite the bill currently lacking the necessary support for advancement.
Odaily News: Fox Business crypto reporter posted on X platform that a new section has been added to the bill, dedicated to enhancing law enforcement's ability to investigate crypto-related crimes. This section will increase funding for state and local crypto investigations and blockchain analysis tools, establish new training programs for law enforcement and prosecutors, set up "cyber hubs" to address threats posed by state actors such as North Korea and Iran, create public-private joint task forces to coordinate efforts against crypto fraud, and require stablecoin issuers to comply with lawful orders when appropriate, including freezing, seizing, destroying, and reissuing tokens.
Odaily News: Fox Business crypto reporter posted on X platform that, following a briefing call with stakeholders this morning, U.S. Senate Republicans have just released an updated version of the Clarity Act. The latest text includes key provisions on ethics, BRCA, and other areas that have been under scrutiny.
Odaily News: Fox Business crypto reporter posted on X platform, stating that according to sources, the U.S. Congress is holding bipartisan discussions on ethics issues today. Negotiators are also discussing DeFi provisions, but ethics remains the main obstacle. When asked about the ethics proposal, a spokesperson for SenLummis said that conversations with the White House last week were "progressing well," and the ethics text to be released in the coming days will reflect these productive discussions.
Fox Business crypto reporter posted on platform X, stating that after President Trump met with Republican senators last Thursday, the White House has not yet reached an agreement on ethical parameters. The industry is still awaiting the updated version of the bill text.
Odaily News, Fox Business crypto reporter posted on platform X, stating that it is currently unclear what this means for the BRCA clause, nor whether other modifications will be made to the version passed by the Senate Banking Committee. Law enforcement support has become a key factor in the bill's negotiations, with some Democratic senators, including @CortezMasto and @MarkWarner, indicating they hope to address law enforcement's concerns before the full Senate supports the legislation.
Fox Business crypto journalist posted on X platform, stating that after a series of developments in the past 24 hours, industry sources said the Clarity Act amendment text may be released soon. However, as ethical norm negotiations continue, they are also preparing for a possible delay in release until later this week.
Fox Business crypto reporter posted on X platform, stating that this week there will be a dense schedule of economic data, Fed speeches, and further clarification on the status of the Clarity Act. Key points to watch include: the latest inflation data such as CPI and PPI, which could influence market expectations for the Fed's next interest rate decision; Fed Chairman Kevin Warsh will submit the semiannual monetary policy report to Congress and may face questions from lawmakers on Fed-related topics, with Michelle Bowman, Chris Waller, Michael Barr, Lisa Cook, and several regional Fed presidents also expected to speak; the updated version of the Clarity Act will merge texts from the Senate Banking Committee and the Senate Agriculture Committee. Some industry sources indicate that key clauses are still under "active negotiation" and the ethics agreement is "not yet finalized." It remains unclear how this will impact the timing of a full Senate vote, with many hoping the vote could be scheduled as early as the week of the 20th.
Odaily News: Fox Business crypto reporter posted on X platform, stating that the Major County Sheriffs of America has shifted to a "neutral" stance on the Clarity Act after recent ongoing discussions around parts of Section 604, i.e., the Blockchain Regulatory Certainty Act. In a letter to leaders of the Senate Banking Committee, MCSA stated that based on its continued review of the bill, there remains an opportunity to further strengthen the legislation in a manner that supports responsible innovation and the practical needs of state and local law enforcement.
Fox Business crypto journalist posted on X, stating that following the release of President Trump's financial disclosure documents, Senator Gillibrand has again called for advancing ethics reform to prohibit the President, members of Congress, and their spouses from issuing or sponsoring digital assets. The financial disclosure documents show that President Trump earned over $600 million from his Solana meme coin in 2025. This announcement comes amid increased scrutiny of Senator Gillibrand's long-standing position on strengthening ethics rules, following previous reports that her son had raised funds to plan the launch of a crypto derivatives exchange.
Odaily News: Prediction market platform Polymarket's Chief Marketing Officer, Matthew Modabber, was reportedly found to have paid content creators at least $350,000 through his personal PayPal account between January 2025 and February 2026, to promote Polymarket and its prediction market data.Reports indicate that Modabber transferred over $2.5 million to more than 800 individuals over 14 months. According to a Politico investigation, at least 20 influencers who received payments subsequently posted approximately 490 pieces of content related to Polymarket on social media platform X, with the majority failing to clearly disclose the paid partnership.Creators involved include conservative commentator Alex LoRusso, political commentator Brian Krassenstein, and Fox News contributor Riley Gaines. The related posts often described Polymarket's odds changes as "BREAKING" news or event bellwethers, aiming to reinforce the public perception of the platform's predictive accuracy.A Polymarket spokesperson responded that collaborating with content creators is a standard marketing strategy for the company, intended to provide global users with "the most accurate, transparent, and data-driven market insights." However, the company did not address questions regarding why personal accounts were used for payments or whether the related promotions complied with disclosure requirements.The report notes that following Trump's election victory, interest in prediction markets surged, and Polymarket's trading volume grew rapidly. As the platform seeks to re-enter the U.S. market, it is expanding its brand influence through social media and opinion leaders, while also facing scrutiny over information disclosure, market influence, and regulatory compliance. (Politico)