Senate negotiations on the CLARITY Act are stalled over ethics language limiting profits from digital assets for senior officials, including the President and Vice President, with Democrats seeking stronger restrictions to secure their votes.
The White House is pushing back against Senate Democrats' rejection of the latest CLARITY Act draft, citing ethics provisions as a major sticking point. The dispute over crypto market legislation highlights deep divisions among lawmakers, risking delays to broader regulatory reform.
The US launched its 12th consecutive night of strikes against Iran, targeting infrastructure to degrade its ability to threaten maritime traffic. Iran retaliated against US allies and warned "no infrastructure will be safe" if its security isn't guaranteed, leading to an escalation of attacks and abandonment of an interim peace deal.
Patrick Witt, the White House's top crypto adviser, deferred his military training to remain and advance the CLARITY Act in the Senate before the August 8 recess. This comes as deputy director Harry Jung announced his departure from the council.
Hamas announced Monday the election of Khalil al-Hayya, its lead negotiator in ceasefire talks with Israel, as the new head of its political bureau. He succeeds Yahya al-Sinwar, who was killed by Israeli forces in Gaza, and defeated former chief Khaled Meshaal.
Hamas has elected Khalil al-Hayya as its new leader, succeeding Yahya Sinwar, who was killed by the Israeli military. Hayya, a hardline faction representative and chief negotiator, is expected to continue Sinwar's political line, having survived an Israeli airstrike in Qatar.
US military completed ninth night of strikes against Iran after three US service members died. Iran retaliated in Syria; Kuwait and Bahrain reported attacks. Rubio warned Iran's Strait of Hormuz leverage impacts global shipping and oil prices.
Iran's top negotiator Mohammad Ghalibaf warned the US against violating the terms of a memorandum of understanding regarding the Strait of Hormuz. The IRGC announced the waterway would be closed to shipping due to alleged US "illegal interventions," following US strikes.
Angelo Martino, a former ransomware negotiator for DigitalMint, was sentenced to 70 months in prison for colluding with BlackCat scammers. He provided confidential negotiation information to cybercriminals to inflate ransom demands, receiving a portion of the payments. Five victims paid over $75 million, with likely millions inflated due to Martino's actions.
Former Italian PM Giuseppe Conte urged the EU to immediately appoint a special representative for negotiations with Russia, criticizing the ongoing "mad arms race" and "anti-Russian hysteria." He argued diplomacy is more effective than rearmament for peace and security, highlighting economic damage to EU countries and rising energy prices as real citizen concerns. Conte also stated conditions are not right for Ukraine's EU accession and opposed sending weapons to Kyiv.
Angelo Martino, a former ransomware negotiator, was sentenced to over five years in prison for conspiring with hackers to deploy BlackCat ransomware. The U.S. seized over $10 million in crypto and assets purchased with stolen funds. Martino is the third person jailed in the scheme.
Qatari negotiators are in Iran meeting with officials to ease US-Tehran tensions, coordinating with the US to foster dialogue and discuss a ceasefire memorandum. Issues like freedom of navigation in the Strait of Hormuz are also on the agenda.
Iran's chief negotiator, Mohammad Bagher Ghalibaf, stated the Strait of Hormuz will open under Iranian arrangements, following retaliatory strikes between Iran and the US. He warned of consequences for US actions and vowed reciprocal strikes.
Kremlin spokesman Dmitry Peskov hailed the IOC's decision to provisionally lift the suspension of the Russian Olympic Committee and recommend lifting restrictions on Russian athletes as a "great achievement" after difficult negotiations.
President Trump declared the ceasefire agreement with Iran "over" after renewed fighting, calling Iran's leadership "scum" and "cuckoo." Oil prices rose 6% following the comments. The US and Iran exchanged fire following attacks on oil tankers in the Strait of Hormuz.
The US has warned Iran of consequences for alleged attacks on commercial ships in the Strait of Hormuz, canceling sanctions relief on Iranian oil. Officials stated at least three ships were targeted.
Russia's Deputy Foreign Minister Mikhail Galuzin stated that the personal qualities of an EU negotiator are irrelevant as long as Brussels presents unacceptable conditions for ending the Ukraine conflict, which Moscow views as tantamount to capitulation. Galuzin emphasized that the core issue is the EU's intentions and directives for the negotiator, not their identity.
Russian Federation Council Deputy Speaker Konstantin Kosachev stated that the EU will find it difficult to identify a negotiator with Russia who is not associated with anti-Russian policies. He noted that such a person would need authority in Europe and credibility in Russia, and should not be linked to the EU's "criminal policy" towards Russia, especially concerning the Ukraine crisis.
U.S. and Iranian negotiators met separately with Qatari and Pakistani mediators in Dubai on Wednesday, with Qatar reporting "positive progress" and agreeing to continue discussions. Key sticking points include the Strait of Hormuz and Lebanon, with Iran asserting control over the waterway and demanding an end to fighting in Lebanon.
US and Iran negotiators met separately with Qatari and Pakistani mediators in Qatar, reporting "positive progress" on an interim maritime agreement. Discussions will resume after Iran's Supreme Leader's funeral, with key issues like the Strait of Hormuz and Lebanon conflict remaining.
US envoy Steve Witkoff and Jared Kushner met Qatari PM Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani in Doha. The meeting occurs as attempts are made to restart direct talks between Tehran and Washington, following a 60-day ceasefire extension and a memorandum of understanding.
US negotiators are reportedly pushing to remove language on poverty reduction, energy transition, and gender from a joint declaration, narrowing the focus to immigration, crime, terrorism, investment, and trade. This effort, described by sources as favoring US interests, aims to shape the agenda for an upcoming summit.
The United States and Iran continue to test a fragile ceasefire, marked by airstrikes and warnings, even as negotiations for a broader agreement persist. A senior US official confirmed talks are on track, with Pakistan mediating a resumption on Tuesday. Jake Sullivan described this cycle of flare-ups and de-escalation as the "new normal."
The EU and China have established a new high-level consultation mechanism to address growing commercial tensions and the EU's significant trade deficit with Beijing. The mechanism will focus on trade balancing, export controls, IP rights, and WTO reform.
