Donavan McKinney, running against Michigan incumbent Shri Thanedar, said that “the crypto lobby is paying my opponent back for helping Trump“ with the PAC-funded ads. An affiliate of the cryptocurrency-aligned political action committee (PAC) Fairshake is attempting to influence voters in a primary race for Michigan’s 13th congressional district, with about $1 million in media...Continue Reading

According to Senator Cynthia Lummis, one of the bill’s advocates, the ethics language would apply to US presidents’ crypto ventures, including Donald Trump’s. Senate Republicans have released the proposed text for the Digital Asset Market Clarity (CLARITY) Act, including language on ethics that would bar all US federal officials — including President Donald Trump —...Continue Reading

The SEC commissioner said crypto vaults, onchain lending products and other asset management tools may trigger US securities laws depending on how they are structured and operated. SEC Commissioner Hester Peirce said crypto vaults and onchain lending products may fall under US securities laws, urging developers to assess whether products that actively manage user assets...Continue Reading

Anthropic will provide Claude AI models to companies participating in the UK Financial Conduct Authority’s next Supercharged Sandbox cohort, as the regulator pushes to test AI applications in financial services. Anthropic will provide its Claude AI models to firms participating in the UK Financial Conduct Authority’s (FCA) second Supercharged Sandbox cohort, expanding the regulator’s effort...Continue Reading

The proposed alliance would enable more than 150 broker-dealers to trade and settle digital asset securities through OTC Link ATS using BitGo’s custody infrastructure. Digital asset infrastructure provider BitGo and OTC Markets Group, the operator of regulated over-the-counter securities markets, plan to partner on digital asset trading and custody infrastructure for broker-dealers, a move that...Continue Reading

The group alleged that the tax signed into law in June “discriminates against people who transact in digital assets“ and should be blocked from implementation and enforcement. Cryptocurrency and blockchain advocacy organization The Digital Chamber is suing the State of Illinois over the state’s 0.2% tax on crypto transactions expected to go into effect in...Continue Reading

Bitcoin and US stocks stayed strong in the face of US-Iran escalation as analysis predicted BTC price action outperforming equities later. Bitcoin (BTC) held higher on Wednesday as crypto and risk assets continued to brush off US-Iran war tensions. Key points: Data from TradingView showed BTC/USD down 1% on the day, having earlier hit five-week...Continue Reading

Franklin Templeton’s digital assets lead said that the autonomous AI agent economy will increase demand for blockchain protocols hosting machine-to-machine micropayments. Artificial intelligence (AI) agents are the next “killer” use case for blockchain and cryptocurrency, according to investment management giant Franklin Templeton’s head of digital assets and innovation. Sandy Kaul said in a X post...Continue Reading

Proponents of the digital euro say its a better alternative to cash that’s fully backed by the ECB. But critics argue it could provide the EU with too much power over its citizens. The digital euro is one of Europe’s most contentious financial projects. Supporters see it as a way to preserve the bloc’s monetary...Continue Reading

US prosecutors are seeking more than $25 million in cryptocurrency allegedly connected to international fraud and laundering networks. The US Department of Justice (DOJ) has filed five civil forfeiture complaints seeking more than $25 million in crypto allegedly tied to international investment, romance and recovery scams targeting victims in Canada and the United States.  On...Continue Reading