Clarity’s final sprint

Congress is back, and lawmakers now have roughly four weeks to schedule, debate and potentially pass the Clarity Act before the August recess – a window many see as its last realistic shot this year. Updated text merging the Senate Banking and Agriculture versions is expected this week, but major issues remain unresolved, including ethics rules around government officials’ crypto interests and protections for non-custodial software developers. With 60 votes needed and bipartisan support still uncertain, it’s another Clarity update that isn’t quite an update. New text, same unresolved issues, and the clock still ticking. Read more →

Brian Armstrong admitted the company “messed up” by leaning into content coins and its Zora crypto social app before pivoting toward AI products. The interesting part isn’t just the reversal — it’s the pressure on Coinbase to prove which crypto use cases can actually build a durable moat. Read more →

Crypto brokerage Blockchain.com has partnered with Polymarket to offer prediction markets to its users in time for the World Cup semifinals. The new betting function is due to go live today just as the highly anticipated soccer games kick off. The feature will appear in the European Union, but not yet in the US. As Blockchain races towards an IPO it looks like they were unable to ignore prediction market revenue. Read more →

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