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The Clarity Act has slipped to September, but banks continue building crypto-related infrastructure. A CoinDesk opinion piece says prolonged regulatory uncertainty benefits closed platforms and delays a broader market structure.
California’s Senate passed a bill seeking to block listings of memecoins issued by federal public officials for state residents. Cointelegraph said the proposal cites conflicts of interest and potential “pay-to-play arrangements.”
A Sheikh Tahnoon-linked group is reportedly backing a 49% stake in the holding company behind World Liberty’s conditionally approved US trust bank, The Wall Street Journal reported, linking Abu Dhabi capital to the Trump-associated crypto venture.
A bill due before the House of Lords in September would give the Bank of England a legal duty to foster stablecoin innovation, while keeping financial stability as its primary objective, Decrypt reports.
Unstoppable Domains has dropped plans to bring .crypto and .bitcoin to the standard internet. CoinDesk reports that the abandoned bids would have cost more than $2 million in base fees alone.
