Senator Cynthia Lummis announced expectations for final Senate crypto bill language by July 4 recess, aiming for a July floor vote. The bill faces hurdles including an unresolved ethics dispute, conditional Democratic support, and banking sector opposition, with failure before August recess potentially delaying legislation until 2030.
Robert Jenrick, Reform UK's shadow chancellor, stated it's "legitimate" for media to question Nigel Farage's £5m donation from crypto billionaire Christopher Harborne, despite Farage's dismissal. The donation, now under investigation by the parliamentary commissioner for standards, has also prompted a request for an FCA probe.
Cryptocurrency-aligned political action committees (PACs), including Fairshake and its affiliates, spent over $8 million on ads supporting candidates in US primaries. Several of these candidates, including Democrats Ritchie Torres and Adrian Boafo, and Republican Blake Moore, won their respective races in New York, Utah, and Maryland, advancing to the November election.
Catholic leaders have urged the Senate to oppose a section of the Clarity Act, arguing it could facilitate human trafficking and illicit finance by shielding decentralized software developers from prosecution. The Blockchain Regulatory Certainty Act (BRCA) provision is also opposed by law enforcement.
Nigel Farage defended a £5m crypto donation from businessman Christopher Harborne as a "purely private matter" and "not any of your business." He argued it wasn't hypocritical to criticize Keir Starmer's donations, citing his own presenter role vs. Starmer's opposition leadership. Farage also expressed no regret over Brexit.
Cryptocurrency-backed PACs have spent over $8 million supporting candidates in Tuesday's primaries across Maryland, New York, and Utah. The spending aims to influence congressional races, with a focus on specific districts and candidates, drawing criticism over 'dark money' influence.
Tory leader Kemi Badenoch has criticized Nigel Farage's acceptance of a £5m gift from a crypto billionaire, questioning his explanation and ruling out an electoral pact with Reform UK. Badenoch cited the gift's investigation and Reform's poor by-election performance as reasons for her stance.
Labour peer Thangam Debbonaire confronted Reform UK MP Sarah Pochin during a byelection count, accusing her of racism and defending Nigel Farage's undeclared £5m gift. The exchange, broadcast on Sky News, touched on Farage's financial dealings and Pochin's past controversial remarks about diversity in advertising.
Reform UK politicians, including Nigel Farage, and a British crypto billionaire are set to attend the Alliance for Responsible Citizenship (Arc) summit in London. The event, dubbed an "anti-woke Davos," will host 4,000 attendees from over 85 countries, featuring speakers like US Undersecretary of State Sarah B Rogers and Conservative leader Kemi Badenoch.
The Alliance for Responsible Citizenship (Arc) summit in London will host politicians, advisors, and figures from across the populist right, including Reform UK MPs, a crypto billionaire, and Eton College masters. The event, dubbed an "anti-woke Davos," will feature discussions on climate skepticism, Christian evangelical thinking, and US culture-war politics.
Polish President Karol Nawrocki vetoed a cryptocurrency regulatory bill for the third time, delaying the country's implementation of the EU's MiCA regulation. Prime Minister Donald Tusk criticized the veto, highlighting the political deadlock and potential risks to consumers and businesses.
Nigel Farage has remained largely out of the public eye for seven weeks following the revelation of a £5m crypto gift, cancelling events and limiting interviews. His party, Reform UK, is reportedly losing ground to a harder-right rival, and Farage's recent re-emergence was tightly controlled, with select media present and questions limited.
Reform UK deputy leader Richard Tice struggled to definitively rule out further large gifts to party figures beyond a £5m donation from crypto billionaire Christopher Harborne. Tice stated he was unaware of any other gifts and asserted the party complies with rules, while defending crypto and contrasting the donation with a bribery case.
Solana Institute CEO Kristin Smith is urging the US Senate to pass the CLARITY crypto market structure bill, emphasizing the need to maintain protections for open-source developers and blockchain infrastructure providers, who she argues should not be regulated as financial intermediaries.
Galaxy Digital reduces probability of Senate passing crypto bill (CLARITY Act) by 2026 to 60% from 75%, citing closing legislative window before August recess and unresolved provisions.
Labour MPs are alarmed by significant donations to Reform UK from cryptocurrency billionaires Christopher Harborne and Ben Delo, totaling £7m. Concerns are raised about transparency and the potential for wealthy overseas donors to influence politics, despite new electoral finance regulations.
Crypto billionaires Christopher Harborne and Ben Delo donated £7 million to Reform UK in Q1 2026, exceeding Conservative and Labour party hauls. These donations represent 28% of all political donations received in the quarter.
Reform UK received £7m from two British crypto billionaires living overseas earlier this year, boosting its fundraising. The donations came before a planned £100,000 cap on overseas British citizens' donations.
Reform UK has raised £9m, largely from cryptocurrency billionaires, in the first quarter, significantly outstripping other parties. Major donations came from Christopher Harborne and Ben Delo, raising concerns about big money in politics.
Keir Starmer has urged Nigel Farage to address a £5m personal gift from crypto billionaire Christopher Harborne, which is under investigation by the parliamentary standards commissioner. Farage's explanation for the gift has shifted, and Starmer questioned why it was kept secret.
Former NCSC chief Ciaran Martin dismissed Nigel Farage's claim that a Russian hack was behind a Guardian report on a £5m crypto donation as "without any merit" and lacking evidence. Martin stated such an intervention would be unprecedented and urged Farage to provide proof.
A senior Reform UK figure, Danny Kruger, declined to say if leader Nigel Farage should provide evidence of alleged Russian hacking to UK security services. Farage claims Russian agents hacked him to leak details of a £5m gift. Kruger stated the matter was private and he wasn't privy to details, while a Reform source mentioned private 'counter-espionage experts' analyzed Farage's phone.
Nigel Farage faces calls to provide evidence for his claim that Russia hacked his phone to leak details of a £5m undeclared gift from crypto billionaire Christopher Harborne. Critics, including the Guardian and Conservative and Labour parties, dismiss the hack allegations as a deflection tactic.
The AFL-CIO is urging senators to oppose the Senate's Digital Asset Market Clarity Act, arguing it could expose workers' retirement savings to volatile crypto assets under weak oversight, shifting the bill's focus from market structure to retirement security.
