The U.S. Senate Banking Committee updated the text of the Crypto Markets Structure Bill, incorporating stablecoin rewards and DeFi developer terms.
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Chrome updated its app store policy on August 1st, classifying prediction markets as regulated goods and strictly controlling extension data collection.
PANews reported on July 6th that, according to the Google Developer Blog, the Chrome Web Store (extension market) has updated its developer program policy, which will be strictly enforced starting August 1, 2026. The new rules explicitly classify prediction markets as regulated goods, prohibiting extensions that support real-money transactions based on prediction results; user data collected by extensions must be used only for a single, pre-disclosed purpose and cannot be used for other purposes; all data collection activities must be clearly disclosed to users, and developers must proactively inform users if data processing methods change after installation; new clauses also prohibit extensions that bypass AI service security protections and usage restrictions. Extensions that violate these rules may be forcibly removed from the store or subject to other penalties.
The US OFAC updated its ISIS-K sanctions list, adding 134 new cryptocurrency wallet addresses.
PANews reported on July 2nd that, according to Chainalysis, the U.S. Treasury Department's Office of Foreign Assets Control updated its sanctions list for the extremist group ISIS-Khorasan on July 1st, adding 134 cryptocurrency wallet addresses as identifiers. Of these, 131 are TRON blockchain addresses and 3 are Monero addresses. Tether has frozen the balances of all 131 TRON addresses. These wallets have received over $1.4 million and sent over $880,000 since 2023. ISIS-K is the Islamic State's branch in Pakistan and Afghanistan, and its media arm has raised funds through cryptocurrency donations.
Trump's financial disclosures exacerbate ethical controversies surrounding the crypto bill, with Democrats demanding restrictive clauses be added.
According to Odaily Odaily, newly released 927-page financial disclosures by US President Trump reveal that his income includes hundreds of millions of dollars in crypto-related earnings, including millions of dollars related to World Liberty Financial, a DeFi project launched by the Trump family in 2024. This disclosure has accelerated congressional negotiations on the ethics provisions of the Clarity Act, a bill concerning the structure of crypto markets. Currently, lawmakers from both parties are negotiating the Clarity Act, which aims to establish the first comprehensive federal regulatory framework for cryptography in the United States. One of the key points of the negotiations is whether to include ethical restrictions to prevent the president, vice president, members of Congress, and other federal officials from profiting from digital assets while in office. Democratic lawmakers reiterated after the documents were released that the bill must include strict ethical provisions. Senator Angela Alsobrooks stated that the restrictions should apply to the president, vice president, and all members of Congress, adding that ordinary Americans should benefit from digital assets in a fair and honest manner, rather than allowing politicians to profit through corruption and systemic loopholes. Senator Kirsten Gillibrand also stated that both parties are still pushing for rigorous ethical reforms to prohibit the president, vice president, and members of Congress from using crypto assets for personal gain. Elizabeth Warren added that if the Clarity Act fails to prevent the president, members of Congress, and their families from profiting from the crypto industry, the bill will further fuel the Trump-related crypto corruption controversy. Republicans have stated that ethical provisions remain part of the bipartisan negotiations. With the July deadline for advancing the Clarity Act approaching, the disclosure of the Trump family's encrypted income could become a key variable influencing the final text of the bill and Democratic support.
Tom Lee: The Ethereum Foundation is addressing key issues such as financial infrastructure, which are of concern to governments, policymakers, and markets.
According to Odaily Odaily, Tom Lee posted on the X platform that he was pleased to see the Ethereum Foundation carefully addressing key issues concerning the role of governments and policy markets in financial infrastructure, economics, and the crucial role of neutral blockchains like Ethereum.
CFTC to join SEC in exploring crypto regulations without CLARITY bill
The CFTC will hold a meeting for its Innovation Advisory Committee on Aug. 20 to address regulation related to crypto assets, artificial intelligence and prediction markets.
Following the "end" of the US-Iran ceasefire, cryptocurrency and stock markets experienced widespread declines.
PANews reported on July 8th that, according to CoinDesk, the US launched airstrikes against Iranian Islamic Revolutionary Guard Corps ships, and Iran subsequently attacked Kuwait and Bahrain. US President Trump announced the "end" of the ceasefire with Iran, calling the negotiations "meaningless," causing a sharp drop in global risk appetite. Bitcoin and Ethereum fell by more than 2%, the CoinDesk 20 index fell by nearly 3%, and Nasdaq 100 and S&P 500 futures fell by about 1.5% at one point. In the crypto derivatives market, BTC futures open interest declined slightly, while ETH triggered approximately $90 million in long position liquidations during the price drop. Overall, the 24-hour crypto market saw approximately $450 million in liquidations, of which approximately $350 million came from Altcoin trading pairs. Altcoins generally fell, and Solana erased all gains since July.