* U.S. House Out For Recess. Senate in Session Until 8/8 * |
butterscotch is the only media outlet exclusively covering news about inclusion in Web3, DeFi, crypto. CHEWS is our inaugural, weekly newsfeed, providing timely policy updates, industry trends, market research.
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The Word 'Financial Inclusion' In Clarity Act |
The crypto Clarity Act lumps financial inclusion in with illicit finance: There is an obscure reference awkwardly inserted, yet not associated with any actionable policy, on page 197.
Democrats, y’all got some 'splainin' to do.
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| Dems Oppose White House Ethics Proposal |
U.S. Senators Cynthia Lummis (WY) Bernie Moreno (OH) brokered an agreement on ethics with the White House. Among the various sticking points is whether State Attorney Generals or the U.S. Department of Justice should lead enforcement. This is a major barrier to bipartisanship and significant challenge to securing 60 votes in the Senate.
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Today, Democratic Senators Host Anti-Crypto Forum |
"Trump’s Crypto Corruption”
Monday, July 27, 2026, 3:30 PM
G-50 Dirksen Senate Office Building
Monday, July 27, 2026, 3:30 PM ET, U.S. Senators Richard Blumenthal (CT), Ranking Member of the Senate Permanent Subcommittee on Investigations, and Chris Van Hollen (MD), a senior member of the Banking, Housing, and Urban Affairs Committee, are hosting a public forum on Clarity Act.
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White House: Who's Leaving & Staying? |
Despite recent announcement of his departure, White House Crypto Council's Patrick Witt this week shared that his mandatory army training has been deferred, and he will stay on to lead negotiations of the Clarity Act. However, Harry Jung, deputy director of the council, has posted that he will leave the White House.
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Senator Ruben Gallego eyes crypto bill ethics counteroffer, calling GOP proposal a ‘piece of s--t’. - POLITICO
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Revised GOP crypto package doesn’t assuage Democrats’ concerns. New ethics language covers public officials, including president. - Roll Call
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Progressives scorch Gillibrand over crypto. The groups argue that Gillibrand's son's involvement in an equity trading platform leaves Democrats vulnerable to the very charge they are trying to level against President Trump. - Axios
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SEC's Peirce warns crypto vault builders against twisting securities law. - The Block
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House Ways and Means Committee is aiming to mark up a long-awaited crypto tax bill in September, moving on a priority of the deep-pocketed industry in the little time left before the midterm elections, according to multiple sources familiar with the plans. - Punchbowl
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- The Digital Chamber filed a lawsuit Tuesday against the Illinois Department of Revenue over the state’s digital asset tax. - Bloomberg
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Cryptocurrency exchange BitMEX to shut down. - CNBC
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CLEVE'S TAKE ON CLARITY ACT |
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| | Amanda Estiverne is joining Money20/20 as Vice President of Global Strategic Partnerships.
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THE GET DOWN: BEYOND BITCOIN PODCAST |
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Stream all episodes on your favorite platform.
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butterscotch is a digital news studio broadcasting stories about Black, Latino, Indigenous DeFi retail investors, Web3 consumers, founders, executives, officials. The virtual newsroom - featuring eNews, Podcast, Live Events – seeks to deepen mainstream understanding of diverse segments of the emerging $3 trillion crypto industry.
Cleve Mesidor, CEO & Managing Editor
Ashlynn Mesidor, CTO & Co-Founder
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