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When Celsius collapsed, its Earn customers learned that the crypto in their accounts belonged to the bankruptcy estate, not to them. Sen. Cynthia Lummis cast the CLARITY Act as a fix on July 20, boiling its promise down to four words. “Your crypto stays yours.” Cynthia Lummis Member, U.S. Senator for Wyoming • U.S. Senate … Read more

President Donald Trump has reportedly agreed to proposed ethics restrictions tied to sweeping US cryptocurrency legislation, addressing one of the biggest obstacles in months of negotiations and shifting the next decision to Senate Democrats who have demanded limits on how public officials can profit from digital assets. The agreement came after Trump met last week … Read more

France’s gambling regulator ordered internet service providers to block access to Polymarket, the crypto prediction-market platform, escalating beyond a transaction geofence that it said had been circumvented in practice. The Autorité nationale des jeux published the order on July 17, arguing that Polymarket’s website promoted an unauthorized gambling offering even where the earlier restriction was … Read more

The UK’s designation of Iran’s Islamic Revolutionary Guard Corps took effect on July 17, creating a new criminal exposure for UK-linked people and businesses that receive or retain value supplied by or on behalf of the group. Under the designation instrument, the IRGC became one of the first three bodies added to Schedule 6A of … Read more

Trump Media is turning Truth Social posts into a feed for traders, and prediction markets now face a timing problem. The issue is what happens after a post becomes public but before most users can see, read, and act on it. On July 17, the Financial Times reported that Trump Media discussed charging traders up … Read more

Washington just gave one of the world’s largest digital currencies a more official place in the US financial system. On July 10, Circle won final approval from the Office of the Comptroller of the Currency to open a national trust bank under federal supervision. Circle called it a major step for USDC, as the approval … Read more

On the eve of the GENIUS Act’s first anniversary, the stablecoin market holds about $310 billion, including roughly $184 billion in USDT and $73 billion in USDC. President Donald Trump signed the law on July 18, 2025, creating a federal framework with one-for-one liquid reserves, redemption rights, and monthly reserve disclosures for a market that … Read more

The White House placed longtime teleprompter operator Gabriel Perez on unpaid administrative leave on July 16 after ABC News reported allegations that he used advance access to President Donald Trump’s prepared remarks to earn more than $100,000 on Kalshi. Sources told the network that the alleged trading covered more than a dozen speeches over roughly … Read more