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H.R. 10357 would ease rules for crypto payments, fees and qualifying loans while expanding loss-deferral and trader-accounting provisions. CryptoSlate reported that the proposal is expected to raise an additional $500 million in taxes.
CoinDesk reports that last-minute political disputes derailed the Clarity Act vote, disappointing a crypto industry that had placed major hopes on the market-structure legislation. No new timetable or details of the disagreements were provided.
Crypto trading rebounded in August, but activity remained concentrated at the largest exchanges as CoinEx announced its exit after nine years, CryptoSlate reported.
Major banks increasingly expect the Federal Reserve to deliver its first rate hike in three years. Markets have largely priced in the move, while Bitcoin, bonds and Donald Trump could face wider political and market implications.
aelf has restored public nodes and key dapps after a seven-day emergency shutdown tied to an August security incident. The outage eliminated one week of staking rewards, while a final review and consistent exchange transfers remain pending.
The Senate blocked the Clarity Act, likely ending its chances of advancing in 2026, Bitcoin Magazine reported. The move represents a setback for landmark crypto legislation and the broader digital-asset industry.
Bitcoin Magazine’s discussion with John Deaton focused on the Clarity Act cloture vote, which would determine whether Congress can begin debating the crypto bill rather than decide its final passage.
Bitcoin Core is targeting an Oct. 10 final tag for an update that changes default wallet protocols. CryptoSlate says compatibility checks cover PSBTs, fee estimation, HTTP clients, indexes and private broadcast, with temporary disruption possible for some apps.
The Senate failed to advance the CLARITY Act after bipartisan negotiations collapsed and several Democrats withheld support. H.R. 3633 fell short of the 60 votes needed for cloture, blocking further Senate consideration.
The Clarity Act failed to secure the 60 Senate votes needed to advance, according to CoinDesk. The result prompted reactions across the crypto industry and adds uncertainty around a key proposed U.S. market-regulation measure.
