InstitutionalVisa Closes Meme Coin Card Rewards Loophole
Visa will no longer accept meme coin card purchases coded as digital media. Points and cash back on them will most likely vanish.
Stablecoin Regulation
Institutional
RegulationUS House Committee Approves Crypto Tax Overhaul
The House Ways and Means Committee passed the Digital Asset Tax Certainty Act, reshaping US tax rules for staking, mining, stablecoins and wash sales.
RegulationUS Senate Blocks Clarity Act as Bitcoin ETFs Lose $450 Million in a Day
The US Senate rejected cloture on the Clarity Act 49-50. Bitcoin fell below $76,000 as Bitcoin ETFs lost $450 million in a single day.
RegulationUS DOJ Seeks $61M USDT Forfeiture Over Iran Oil Sanctions
The US DOJ is seeking forfeiture of $61.19M in USDT allegedly tied to sanctioned Iranian oil sales moved through Hong Kong shell companies.
BitcoinCoinbase CEO Calls $400K Bitcoin Target Reasonable by 2030
Brian Armstrong explains why he thinks Bitcoin cycle bottom is in, and how the September 15 Clarity Act vote could shape the outlook.
RegulationReform UK Gets a Record $97 Million From Two Crypto Billionaires
BitMEX billionaire Ben Delo and Tether investor Christopher Harborne each gave Reform UK 36 million pounds in two days, a record for UK politics.
RegulationBlock Applies for Bank Charter to Custody Bitcoin
Block has filed with the OCC for a national trust bank charter called Builders Bank to consolidate its Bitcoin custody under one federal regulator.
RegulationUS Senate Gets Revised CLARITY Act Ahead of September 15 Vote
Senate Republicans released a 630-page revised CLARITY Act five days before a decisive procedural Senate vote on September 15.
SecurityUS Seizes $52 Million in Crypto From Xinbi Scam Marketplace
The US Justice and Treasury departments froze over $52M in crypto tied to the Xinbi scam network and sanctioned two supporting firms.