Tom Emmer brushes off law enforcement concerns over Clarity Act
House Majority Whip Tom Emmer said concerns from law enforcement groups about crypto developer protections are being overstated.
Policy
Congress hits Polymarket and Kalshi with a massive insider trading probe
Rep. James Comer is demanding internal records from the prediction market CEOs, warning that government employees could be using classified information to make “huge profits”.
Polymarket moves to list parlays while SEC seeks public input on prediction market ETFs
The “combinatorial outcome contracts” would resolve if every part of an underlying contract resolved, according to a filing.
Federal Reserve proposes limited master accounts long pursued by crypto firms
The U.S. Fed issued a revised proposal on the structure of payment accounts, taking the next step to build on an earlier pitch for so-called skinny accounts.
Latest Congressional swing at crypto tax reform would direct IRS to review de minimis exemptions
The newest version of the Parity Act updates language around payment stablecoins and directs the IRS to report on how a de minimis exemption might work.
Prediction markets firms take heat in Senate Commerce hearing scrutinizing surge
Sports betting on firms such as Kalshi was the focus of questions over advertising to children, cheating from athletes and undermining regulated gaming.
Trump orders government, Fed to review crypto firms’ access to payment rails
Donald Trump’s executive order asks the Fed to review how depository institutions may be granted access to payment services, an area the crypto industry is deeply involved with.
SEC to propose tokenized stock framework as Wall Street efforts deepen: Bloomberg
The U.S. Securities and Exchange Commission is reportedly poised to release a major crypto proposal as it seeks to institute its digital assets agenda.
Minnesotan banks and credit unions set to provide crypto custody Aug. 1
Minnesota established the midwest’s first unified digital asset safety net for banks and credit unions.
A Russian stablecoin built to dodge sanctions says it can survive even if they’re lifted
A7A5, the Russia-linked stablecoin built to move money around banking restrictions, says faster trade settlement, yield and regional crypto infrastructure could keep it relevant even if geopolitical tensions ease.