In a formal request for congressional oversight, Representative Maxine Waters has sounded the alarm over what she characterizes as a dramatic and potentially politicized retreat from cryptocurrency enforcement at the Securities and Exchange Commission. Citing data showing approximately 60% of crypto cases dismissed since January and zero new actions filed in 2025, Waters’ letter to Committee Chair French Hill demands a hearing with SEC Chairman Paul Atkins, raising fundamental questions about regulatory independence and investor protection under the new administration.
about Waters Demands SEC Oversight Amid Crypto Enforcement CollapseUS House of Representatives
0 in Finance and 0 in Crypto last weekUS Lawmakers Propose Crypto Tax Relief for Small Payments & Staking
A new legislative draft circulating in the U.S. House of Representatives proposes significant modifications to the Internal Revenue Code, aiming to ease tax burdens for everyday cryptocurrency users. The proposal, introduced by Representatives Max Miller of Ohio and Steven Horsford of Nevada, focuses on creating a capital gains tax exemption for small stablecoin payments and allowing deferred taxation for staking and mining rewards. This initiative seeks to align tax rules with the growing use of digital assets in routine consumer transactions, addressing long-standing industry complaints about compliance complexity.
about US Lawmakers Propose Crypto Tax Relief for Small Payments & StakingUS Stocks Hit Records on AI Optimism, Reopening Hopes
Wall Street surged to new heights as the Dow Jones Industrial Average climbed 0.6% to record levels, fueled by AMD’s 8% jump following CEO Lisa Su’s $1 trillion AI market forecast and renewed optimism about ending the government shutdown. Financial stocks led the charge with Goldman Sachs, JPMorgan, and American Express hitting intraday records, while technology gains extended across the sector as investors balanced AI enthusiasm with political developments in Washington.
about US Stocks Hit Records on AI Optimism, Reopening HopesUS Lawmakers Discuss Strategic Bitcoin Reserve in Roundtables
US lawmakers held multiple roundtable discussions with cryptocurrency industry leaders this week to explore establishing a strategic Bitcoin reserve. The meetings focused on the proposed BITCOIN Act and broader market structure frameworks, with industry advocates emphasizing the need for legislation to secure America’s financial future through Bitcoin reserves.
about US Lawmakers Discuss Strategic Bitcoin Reserve in RoundtablesHouse May Fast-Track CBDC Ban via Market Bill
The US House of Representatives is employing a strategic legislative maneuver to accelerate a ban on Federal Reserve-issued central bank digital currencies. By potentially attaching the Anti-CBDC Surveillance State Act to the existing Digital Asset Market Clarity Act, lawmakers are creating a faster path to prohibit CBDC development. This parliamentary tactic could significantly reshape the future of digital currency regulation in the United States, though its ultimate success depends on Senate approval.
about House May Fast-Track CBDC Ban via Market BillMcCarthy Warns US Debt Crisis Threatens Dollar Dominance
Former US House Speaker Kevin McCarthy has issued a stark warning about the escalating national debt, which surged by $519 billion in July alone, reaching $36.8 trillion. In a CNBC interview, McCarthy emphasized that unchecked borrowing risks the dollar’s status as the world’s reserve currency, citing sanctions and BRICS’ efforts to bypass the dollar. He stressed that the next president must tackle the debt crisis to avoid deep cuts to Social Security, noting the lack of fiscal hawks in Congress. McCarthy called for public education and congressional action to prevent a 24% reduction in Social Security benefits.
about McCarthy Warns US Debt Crisis Threatens Dollar DominanceUS Senate to Address Crypto Bills Before August Recess
The US House of Representatives is on recess for August, but the Senate still has a week to deliberate on two crypto-related bills. One of these, the Anti-CBDC Surveillance State Act, sponsored by Representative Tom Emmer, aims to restrict the Federal Reserve’s ability to issue a central bank digital currency (CBDC). Emmer emphasized that the bill, introduced in March, would allow the Fed to emulate cash but currently prevents it from issuing a CBDC. The progress of this bill could shape the future of digital currency regulation in the US.
about US Senate to Address Crypto Bills Before August RecessCoinbase Stock Hits $436 High Amid Crypto Bill Wins
Coinbase shares reached an all-time high of $436 on July 18, driven by legislative progress for crypto regulation in the US, including the GENIUS and CLARITY Acts. The surge contributed to a 14% weekly gain and pushed the company’s market cap above $100 billion. While institutional investors like the State of Alaska and Czech National Bank increased their stakes, insiders—including CEO Brian Armstrong—sold over $230 million in shares, raising questions about short-term valuations despite long-term sector confidence.
about Coinbase Stock Hits $436 High Amid Crypto Bill WinsEthereum Hits $3,650 as Altseason Optimism Grows
Ethereum’s price has soared above $3,650, marking a pivotal moment as it enters the top 30 global assets by market cap ($416B). This rally reflects strong institutional demand, spot ETF inflows, and bullish technical indicators. The recent passage of US crypto bills, including the GENIUS Act, has further boosted confidence. ETH’s breakout above key resistance levels, including the 200-day SMA, signals potential for further gains, with $4,000 as the next psychological target. Analysts suggest this could be the start of a broader altcoin surge, with Ethereum at the forefront of crypto’s maturation.
about Ethereum Hits $3,650 as Altseason Optimism GrowsCrypto Market Rallies as GENIUS Act Awaits Trump’s Signature
The cryptocurrency market has seen a notable rally, led by $XRP and $DOGE, as investors await President Trump’s approval of the GENIUS Act, which aims to regulate stablecoins. The market’s positive response includes $DOGE rising by 11.82% and $XRP by 6.15%. Amid the rally, affordable altcoins like Snorter Token ($SNORT) and Best Wallet Token ($BEST) present investment opportunities. $SNORT offers a Telegram bot for early token access and security features, while $BEST provides a non-custodial wallet with staking rewards. Litecoin ($LTC) is also highlighted as an undervalued asset with growth potential. Investors are advised to research before purchasing.
about Crypto Market Rallies as GENIUS Act Awaits Trump's SignatureCrypto Rally Ahead of GENIUS Act Signing: Top Picks
Cryptocurrencies, led by $XRP and $DOGE, rallied ahead of the expected signing of the GENIUS Act, which provides a regulatory framework for stablecoins. The market responded positively, with $DOGE surging 11.82% and $XRP up 6.15%. Affordable altcoins like Snorter Token ($SNORT) and Best Wallet Token ($BEST) offer promising opportunities, with features such as bot-assisted trading and secure non-custodial wallets. Litecoin ($LTC) also remains undervalued, presenting growth potential. Investors are advised to research before purchasing, as the market continues to rally.
about Crypto Rally Ahead of GENIUS Act Signing: Top PicksUS House Passes Crypto Market Clarity Act with Bipartisan Support
The US House of Representatives passed the Digital Asset Market Clarity (CLARITY) Act with a 294-134 vote, signaling bipartisan support for crypto regulation. The bill aims to create a structured market for digital assets, overcoming delays tied to debates over central bank digital currencies (CBDCs). Nearly 80 Democrats backed the Republican-led legislation, one of three bills set to advance before Congress’s August recess. Republicans framed the vote as part of their ‘crypto week’ push, aligning with former President Trump’s call for swift action on crypto policies. Critics, however, raised concerns about conflicts of interest and regulatory gaps.
about US House Passes Crypto Market Clarity Act with Bipartisan Support