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A House markup this week will examine a proposal to overhaul federal tax treatment of digital assets, including a long-sought crypto de minimis tax break. The measure still requires congressional approval before becoming law.
Revolut exposed passports and complete crypto transaction histories belonging to a limited number of users after fulfilling a fraudulent request sent from a government agency’s own email domain, Decrypt reported.
Revolut exposed Bitcoin-related activity, passports, selfies and home addresses after accepting a fraudulent government request as legitimate. CoinDesk reported that no customer funds were lost in the incident.
Senate Republicans released a revised Clarity Act draft ahead of a September 15 vote. The proposal adds registration requirements for controlled trading protocols, while its ethics provisions remain largely unchanged.
The UK House of Lords backed an amendment requiring the Treasury to develop a digital-asset strategy covering cryptoassets, stablecoins, tokenized securities and digital financial infrastructure, Cointelegraph reported.
Monument Bank postponed its retail tokenized deposit launch while onboarding a Canadian custody partner to meet Financial Conduct Authority requirements. The London-based challenger bank now expects to roll out the service by November.
The Philippines’ central bank is considering a proposal to pause new payment operator registrations and impose enhanced monitoring and transaction limits on arrangements involving virtual asset service providers, Cointelegraph reported.
CryptoSlate reports that Solana’s first account-deposit reduction is live, while the full 90% cut remains incomplete. The broader plan could reduce SOL needed for accounts and weaken one reason to hold the token.
Anthropic says Claude spent 11 days converting Fermat’s Last Theorem into 13 million lines of code that computers can verify independently, marking a notable AI application in formal mathematics.
CryptoSlate reports that Wall Street is building a $61 billion bond market around AI data centers, where electricity, cooling and power availability are increasingly important operating and infrastructure considerations.
QuFi launched a post-quantum cryptography platform for verifying digital asset transactions without changing existing blockchain settlement networks, and demonstrated the system with a proof on the Bitcoin testnet.
AMC’s CEO criticized Robinhood’s tokenized stock offerings as unregulated in the US and said he would ask external securities counsel to request an investigation, according to Cointelegraph.
Bitcoin rose above $82,000 and crossed its 50-week moving average, a level Galaxy Research says ended four of five comparable bear markets. Confirmation requires a weekly close, while CryptoSlate warned of a possible move toward $62,000.
A TrueUSD defendant in a $456 million court case must submit an affidavit identifying sources of legal funding within days. Any sanctions would require a separate application from Techteryx.
