The crypto industry is angry and disappointed that the Senate is not holding a procedural vote on the Clarity Act this month, …
State
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The Michigan State Retirement Fund has increased its stake in Strategy (formerly MicroStrategy) by 141%, bringing its total holdings to 14,000 shares …
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The Senate is going on its summer break in a week, leaving next to no time left to sort out its remaining …
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The Senate leaves town in two weeks. Here’s what needs to happen for Clarity to advance before then. www.coindesk.com
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Adoption
Digital Chamber Sues Illinois Over First State Crypto Transaction Tax
by shayaanby shayaanIllinois is set to become the first U.S. state to apply a direct tax on every crypto transaction, and the crypto lobby …
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The stablecoin-focused GENIUS Act became a law a year ago. www.coindesk.com
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Several sources told CoinDesk that a new draft of the Clarity Act may drop this week, but challenges remain. www.coindesk.com
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Regulation
New Hampshire Bill Aims to Shield Crypto Payments and Self-Custody from State Restrictions
by shayaanby shayaanThe U.S. state of New Hampshire is considering new legislation to explicitly protect the use of cryptocurrency for payments and the right …
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All parties are still optimistic that Clarity can happen before the midterms, but time is really starting to run out. www.coindesk.com
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Regulation
Ukraine Takes $8.3M in Seized Crypto Under State Management in a First
by shayaanby shayaanIn brief Ukraine has for the first time placed seized crypto under state management, transferring more than $8.3 million in $USDT to …