US Federal Officers’ Group Backs CLARITY Act

The Digital Asset Market Clarity Act has secured its second public endorsement from a major US law enforcement organization, coming just weeks before what many see as a make-or-break legislative deadline before the Senate’s August recess. In a July 10 statement, the Federal Law Enforcement Officers Association (FLEOA) said it submitted a letter to the…

Binance.US CEO says exchange is rebuilding, eyes return to 20% U.S. market share

Latest developments: CEO Stephen Gregory said Binance.US is focused on growth after what he described as a two-year “hibernation” tied to regulatory issues surrounding the broader Binance brand. Gregory said Binance.US is a separate U.S.-only entity with its own governance structure, though it shares a common beneficial owner and brand name with Binance.com. He said…

Thai’s Scammer’s $122M Wallet, Japan Embraces Crypto Credit: Asia Express

Interpol operation exposes $122M crypto wallet tied to romance scam laundering A crypto wallet linked to a suspected romance-scam money launderer processed more than $122.5 million in 10 months, according to Interpol. Interpol said that Thai authorities arrested two suspects and uncovered a money-laundering network that funneled proceeds from romance scams into cryptocurrencies, using cross-chain token…

Donald Trump Invokes Lindsay Graham’s Death to Push Crypto Bill

US President Donald Trump is urging members of the Senate to pass the Digital Asset Market Clarity (CLARITY) Act “in honor of” Senator Lindsey Graham, who died over the weekend. In a Monday Truth Social post, Trump said that Graham had been “a big supporter” of the CLARITY Act, calling on the Senate to pass…

Bitcoin Edges Lower on Iran Pressure With $62,000 at Risk

Bitcoin (BTC) fell further into Monday’s Wall Street open as markets reacted to the US-Iran escalation. Key points: Bitcoin falls toward $62,000 as losses intensify on nerves over the US-Iran war. Donald Trump says that the US should “run” the Strait of Hormuz as a tug-of-war with Iran continues. BTC price action is described as…

Lawson Tests Yen Stablecoin Payments as Netstars Opens Merchant Service

Japanese convenience-store operator Lawson plans to test yen-denominated stablecoin payments at a Tokyo location in August, examining whether stablecoin payments can work inside a standard convenience store checkout flow. On Monday, blockchain company HashPort said it had signed an agreement with Lawson and telecom group KDDI to conduct the trial at the Lawson Takanawa Gateway…

Trump’s crypto riches loom over Clarity Act talks to ban conflicts for U.S. officials

On Monday, several Senate Democrats announced that they’d hold a press conference this week to state their opposition to Clarity and what they said is its “failure to rein in President Donald Trump’s corrupt crypto schemes.” Senator Murphy will join senators Chris Van Hollen and Jeff Merkley at that event on Capitol Hill, which will…

India Crypto Tax Filings Lagged Trading Activity: Reuters

India’s tax department reportedly found widespread gaps in crypto tax reporting, warning that offshore exchanges, private wallets and peer-to-peer (P2P) trades are making crypto activity harder to track.  Reuters on Wednesday reported government documents showed that fewer than a quarter of 645,000 individuals who made crypto transactions in the year ending in March 2023 reported…

Bitcoin Whale Moves $188M for First Time in 7 Years

A wallet last active when Bitcoin was trading near $6,500 transferred $188 million of its holdings in recent days, its first onchain movement in seven years. With the biggest cryptocurrency now trading at around $64,000 apiece, the whale transferred 2,931 Bitcoin (BTC) from wallet “356my” to wallet address “bc1qn” on Sunday, according to blockchain data…

UK Digital Gilt Push Could Help Unlock $44B in Annual Output

The United Kingdom could add as much as 33 billion British pounds ($44 billion) to its annual economic output by 2035 by becoming a leader in tokenized financial markets, according to a government-backed industry task force.  The estimate appears in the first report from Wholesale Digital Markets Champion Chris Woolard, who was appointed by HM…