Galaxy Digital lowers CLARITY Act passage odds to 10%, crypto firms urge AI labs for security access, and regulators clash over prediction markets as Bitcoin drops 3.3%.
Tyler Williams, a senior US Treasury official overseeing digital asset policy and adviser to Treasury Secretary Scott Bessent, has left the department. His departure comes as Congress remains deadlocked over the CLARITY Act.
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.
The SEC's draft 5-year plan (2026-2030) signals a policy shift towards blockchain and digital assets, focusing on regulatory architecture and market modernization rather than enforcement. This change aims to build institutional confidence and facilitate compliant capital formation within a stable legal framework.
A Politico-Public First survey of 2,035 US adults reveals that only 4% of voters prioritize crypto policy when deciding on a candidate, with affordable housing, consumer fraud protection, and lower bank fees being top concerns. Despite significant lobbying efforts and spending by the crypto industry, 27% support legitimizing crypto as a mainstream asset, while 31% oppose it.
A Politico survey of 2,035 US adults found only 4% prioritize crypto policy in voting decisions, with affordable housing, consumer fraud protection, and lower bank fees being top concerns. Despite significant lobbying efforts, 27% support and 31% oppose crypto mainstream legitimization.
Washington isn't trying to solve every crypto policy fight at once, but it appears to be carving out a workable path for one specific category of digital asset: the regulated, dollar-pegged stablecoin. The GENIUS Act established the first federal regulatory framework for payment stablecoins, and a bipartisan House tax discussion draft now proposes friendlier tax […] The post Congress on verge of making regulated dollar stablecoins act almost like digital cash appeared first on CryptoSlate.
