The US Senate failed to advance the Clarity Act on a procedural vote, formally ending this Congress’s effort to pass a comprehensive crypto regulatory framework. Despite millions spent on lobbying by Coinbase, a16z and other industry leaders, the outcome deepens uncertainty across the sector.
The US Department of Justice announced on September 15 criminal charges against two Robinhood engineers, alleging that between 2025 and 2026 they used inside information about the company’s upcoming crypto asset listings to take front-running positions on Hyperliquid decentralized perpetual contract exchange, with illegal profits potentially reaching several million dollars. This case represents the first criminal charge by US judicial authorities for insider trading conduct on a decentralized finance (DeFi) protocol, and will have profound effects on DeFi regulation, on-chain transaction privacy, and US crypto industry compliance architecture.
The US Senate’s cloture vote on September 15 on the CLARITY Act failed to clear the 60-vote threshold needed for passage, marking a significant legislative setback for this key bill that the crypto industry had long awaited. The core obstacles to passage were the ethics controversy over President Trump’s family crypto wealth and the long-standing partisan divide over the regulatory boundary between the SEC and CFTC. The result will directly affect compliance expectations of US-based crypto firms, market structure choices of stablecoin issuers, and the pace at which major global economies borrow from each other’s crypto legislative paths.
The US House Ways and Means Committee released a sweeping crypto tax bill ahead of Wednesday’s markup, establishing tax treatment rules across crypto payments, stablecoins, mining, and staking, while introducing a $10 de minimis exemption for small crypto payments. The bill will shape US crypto industry compliance costs, tax architecture, and retail crypto payment adoption, and may become a baseline text for subsequent Senate legislation and bipartisan crypto legislative negotiations.
Core Summary Polish Olympic Committee President Radosław Piesiewicz has been detained by Polish prosecutors over alleged bribery connections to the collapsed crypto exchange Zondacrypto. The case involves suspected bribery and money laundering, marking one of Europe’s biggest sports corruption scandals in recent years and highlighting the cascading risks from inadequate crypto industry oversight. Event Details CoinDesk first reported that Polish prosecutors, during their investigation of the collapsed exchange Zondacrypto, discovered the platform may have provided benefits to senior sports figures in exchange for political protection and business facilitation. Polish Olympic Committee chief Piesiewicz is the latest high-profile suspect detained. ...
The U.S. Securities and Exchange Commission (SEC) has unexpectedly proposed new crypto offering rules as Congress stalls on digital asset legislation, marking the first major regulatory proposal on crypto market structure.
According to sources, U.S. President Trump is expected to attend a White House meeting with cryptocurrency industry CEOs next week. The meeting will bring together leaders from crypto, prediction markets, and AI sectors, signaling the U.S. government’s growing focus on digital asset regulation.
The U.S. Securities and Exchange Commission (SEC) has again delayed releasing its ‘innovation exemption’ rules for crypto tokenization and suddenly canceled the scheduled Reg Crypto proposal meeting. This decision means the long-awaited regulatory framework for the crypto industry will continue to be postponed.
Core Summary UK lawmakers expressed strong dissatisfaction with banks refusing banking services to compliant crypto firms, calling it “one of the single biggest barriers to growth.” A parliamentary committee has formally demanded major banks explain their crypto client policies. Event Overview According to The Block and CoinDesk, a UK parliamentary committee recently questioned executives from major banks about why they refuse basic banking services to crypto companies registered with the Financial Conduct Authority. Lawmakers noted that many compliant crypto firms have been forced to relocate operations overseas due to lack of bank accounts, threatening the UK’s position as a fintech hub. ...
Core Summary The U.S. Securities and Exchange Commission (SEC) has announced it will hold a meeting this week to vote on proposing a new regulatory framework called “Reg Crypto,” aimed at providing clear compliance pathways for certain types of digital asset offerings. This marks the SEC’s first major crypto rulemaking process since its establishment, signaling a new phase in U.S. crypto asset regulation. Event Details According to CoinDesk reporting, the SEC plans to formally introduce the Reg Crypto rule proposal at its public meeting this week. The rule aims to provide exemption from registration or streamlined registration procedures for digital asset offerings that meet specific conditions, while clarifying issuers’ disclosure obligations and investor protection requirements. ...