The Bank for International Settlements (BIS) says U.S. dollar-pegged stablecoins are repeating a pattern central banks have watched for decades, and the regulatory tools that used to work no longer apply. A Bank for International Settlements (BIS) working paper published in July 2026 by BIS economists Boris Hofmann, Aaron Mehrotra, and Jan Paulick compares the […]
The Digital Chamber, a crypto trade association led by CEO Cody Carbone, sued the state of Illinois over its new Digital Asset Tax Act, becoming the first industry group to challenge the nation’s first state-level tax targeting crypto business activity. A 0.2% Tax on Every Transfer The Digital Chamber filed its complaint in Sangamon County […]
Bitcoin has overtaken gold as the preferred hard asset among American investors, according to bitcoin financial services firm River. The firm found that 49.6 million Americans, or 18.6% of the adult population, now own bitcoin, compared to 28.8 million, or 10.8%, who hold gold. Bitcoin Adoption Outpaces a 5,000-Year-Old Rival River, a bitcoin-focused financial services […]
Scott Bessent has said that the CLARITY Act is at the “1-yard line” and urged Congress to pass it before recess, even as Senator Kirsten Gillibrand faces backlash from progressive groups over her role brokering the bill’s ethics provisions. A Bill ‘Almost There’ Bessent told Bloomberg that the digital asset market structure bill, formally the […]
A Washington state judge has granted a preliminary injunction against Kalshi after rejecting its argument that federal commodities law overrides state gambling rules. The court found Washington is likely to prove its claims, but will not finalize the restrictions imposed on the prediction market until August. Court Says Federal Registration Does Not Displace State […]
Polymarket traders are pricing a 70% chance that bitcoin (BTC) touches $67,500 at some point in July, up from roughly 56% odds cited earlier this week, as the asset trades near $66,000. A Market Betting on a Modest Bounce Polymarket’s “What price will Bitcoin hit in July” market prices a range of outcomes rather than […]
The White House has agreed on an ethics package for the CLARITY Act and sent the language to Senate Republicans. President Donald Trump personally signed off on the provision, clearing what negotiators call the bill’s last major obstacle before a Senate floor vote. A Fresh Push After Months of Deadlock The Digital Asset Market CLARITY […]