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On Aug. 7, US authorities sanctioned Shelbit and Aban Tether, two Iranian-linked crypto platforms accused of facilitating transactions tied to Iran’s Islamic Revolutionary Guard Corps and other state-linked entities. The Treasury Department also sanctioned Shelbit founder Siavash Kayvanpour and several companies connected to him in Georgia, Poland and the United Arab Emirates. It said IRGC-linked … Read more

An EU transaction ban will take effect on Aug. 23 against the entity listed as “HTX (HUOBI GLOBAL SA),” giving people and businesses subject to the bloc’s Russia sanctions regime a deadline to establish whether that company is involved in their dealings with the online exchange. The restriction follows the jurisdictional reach of Regulation 833/2014. … Read more

The White House is raising pressure on Senate Democrats ahead of a Sept. 15 vote on the CLARITY Act, arguing that lawmakers have already had enough time to reach a deal on crypto market structure. On Aug. 8, Patrick Witt, executive director of the Presidential Council of Advisors for Digital Assets, accused Senate Minority Leader … Read more

Senate Majority Leader John Thune has formally started the process to force a vote on whether the Senate will take up the CLARITY Act, giving the stalled crypto market-structure bill an immediate path to the floor when lawmakers return in September. Thune filed cloture early Saturday on the motion to proceed to H.R. 3633, the … Read more

Trump Media & Technology Group and Crypto.com scrapped plans for a $6.42 billion digital-asset treasury venture. The move unwinds one of the largest crypto projects connected to President Donald Trump as scrutiny of his family’s digital-asset businesses intensifies in Washington. On Aug. 7, Trump Media, Crypto.com, and Yorkville Acquisition Corp. said they had mutually agreed … Read more