Democrats push back on GOP’s ‘final’ CLARITY offer with counterproposal: Politico
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US Republicans send ‘final’ CLARITY Act offer to Democrats
The 635-page revised proposal includes Trump-backed ethics provisions and comes just two days before a key procedural vote.
Why Trump Backed Tougher Ethics Rules in Clarity Act, and Why the Crypto Industry Thinks It Can Pass
Republicans' "last, best and final offer" wins Trump's backing on stronger ethics rules and concedes on DeFi and stablecoin sticking points, but it's unclear if enough Democrats will cross over Tuesday.
GoPlus: Only $14,000 returned; LIT users were arbitrageurized by Backrunner due to routing to low-liquidity pools.
According to Foresight News , security analytics platform GoPlus tweeted regarding the incident where a user exchanged approximately 1,126 ETH (about $2.01 million) for 5,776 LIT (about $14,000) on Uniswap, resulting in a loss of nearly $2 million. GoPlus stated that the core cause of the incident was not a sandwich attack, but rather backrunner arbitrage within the same block. The routing contract dumped a large amount of WETH into a poorly liquid AVAIL/WETH trading pool, causing the user to buy AVAIL at a price significantly deviating from the market price (approximately 120 times the fair value). Subsequently, within the same block, the backrunner reverse-traded the pool with a very small amount of AVAIL at the true price, withdrawing approximately 1,072 WETH and paying the majority (approximately 1,018 ETH) to Titan Builder as a builder payment.
Washington Goes All-In on Crypto: Trump Pushes Clarity, SEC Rules, and CFTC Warnings
Trump urged executives to pass a "fair version" of the Clarity Act, the CFTC warned it would write its own rules if the bill stalls, and the SEC abruptly advanced its first crypto fundraising framework.
Rushed CLARITY Act vote could set legislation back, Gallego warns
Gallego said the White House has not provided point-by-point feedback on a bipartisan ethics proposal as a September vote approaches.
Wall Street Pushback Halts SEC's Crypto Fundraising Framework, Sources Say
The securities regulator cited an "unforeseen scheduling issue," but sources point to a legal threat from Wall Street trade group SIFMA and an administration waiting to see whether the Clarity Act passes in September.