A group of 134 banking association officers and bank leaders from across the United States is urging the Senate to revise the CLARITY Act before final passage, warning that stablecoin incentives could challenge the role of bank deposits.
Key Takeaways
134 bank leaders urged Senate lawmakers to strengthen stablecoin interest and yield restrictions in the CLARITY Act.
Bankers warned incentives tied…
A Fake Crypto Wallet Reached Apple’s App Store — Three Users Say It Cost Them $1.8 Million
July 29, 2026
Three bitcoin investors say they lost nearly $1.8 million after downloading a fake Sparrow Wallet from Apple’s App Store and entering their recovery phrases. The lawsuit now challenges Apple’s app review practices as crypto scams continue targeting mobile users.
Key…
A Darknet Drug Ring Used Crypto to Hide Its Money—Binance Helped India Freeze Its Assets
July 29, 2026
India’s Narcotics Control Bureau dismantled the alleged “Team Kalki” darknet drug network with blockchain intelligence from Binance and the Data Security Council of India. The investigation helped authorities trace illicit crypto transactions, freeze cryptocurrency…
Coinbase CEO Brian Armstrong says artificial intelligence will strengthen crypto’s role rather than replace it. He expects autonomous agents to rely on stablecoins and blockchain networks for payments, trading and financial services.
Key Takeaways
Coinbase’s Brian Armstrong said AI agents will use USDC and Base for real-time payments.
Coinbase says 24/7 agent payments could deepen demand for…
A growing number of digital-asset treasury companies are pivoting toward artificial intelligence after crypto losses crushed their share prices. The strategy has yet to revive investor confidence, while former bitcoin miners have found more success repurposing infrastructure…
The CLARITY Act Is at the One-Yard Line: Coinbase Says ‘It’s Time to Get It Over the Finish Line’
July 28, 2026
Coinbase CEO Brian Armstrong intensified pressure for a Senate vote, portraying the CLARITY Act as a bipartisan breakthrough that could strengthen consumer protections, law enforcement authority, and American leadership in digital assets.
Key Takeaways
Brian Armstrong urged…
‘To Protect Them’: Bank of Russia Governor Defends Controversial New Crypto Purchasing Caps
July 27, 2026
Bank of Russia Governor Elvira Nabiullina rejected the notion of a divide created by the recently passed Bill No. 1194918-8, which establishes a framework for cryptocurrency regulation. She stressed that withdrawal of crypto abroad had no limitations for both qualified and non-qualified investors.
Key Takeaways
Russia’s new crypto bill caps non-qualified investors at a $3,800 limit to mitigate…
Ripple executives are backing the CLARITY Act as lawmakers debate the future of U.S. crypto regulation, with Ripple CEO Brad Garlinghouse urging action while financial firms, technology groups, and advocacy organizations rally behind clearer digital asset rules.
Key…
Operation Commodity: Brazilian Police Smash $196 Million Cocaine and Crypto Laundering Ring
July 27, 2026
The group, which is linked to cocaine shipments in excess of 6.5 tons to Europe through the port of Rio de Janeiro, used bags of coffee and cement to disguise the drugs. The money obtained through these sales was laundered using shell companies, including luxury car…
Goldman Sachs CEO David Solomon urged lawmakers to advance the CLARITY Act as senators circulated a revised crypto market structure bill, intensifying disputes over stablecoin rewards, regulatory authority and ethics restrictions ahead of a possible floor vote.
Key Takeaways
Goldman Sachs CEO David Solomon said the CLARITY Act would provide market stability and encourage regulated financial…
