* CRYPTO INDUSTRY PUSH FOR SENATE CLARITY VOTE * |
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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Last week, the full court press to get a Senate vote of the CLARITY Act scheduled was in full swing. In addition to a House Financial Services Committee Field Hearing, Senators Cynthia Lummis (WY) and Bernie Moreno (OH) met with White House officials to discuss the bill. An updated, reconciled version of the Senate legislation is expected to be released on Thursday.
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White House crypto adviser to leave this month. Patrick Witt's exit comes just as a bill setting up a new regulatory framework for the more than $2 trillion crypto market approaches the finish line. - POLITICO
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Congress’ July sprint off to a stumbling start. Republican leaders laid the groundwork for a final dash to pass partisan legislative priorities before August recess. But if this week was any indication, it won’t be an easy run. - Roll Call
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DOJ flags fresh money-laundering risks in Clarity. The Justice Department’s Criminal Division outlined concerns this month about language in crypto market structure legislation that officials say could complicate money-laundering prosecutions. - Punchbowl News
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U.S. regulators missed GENIUS Act's one-year deadline for final stablecoin rules. The Treasury Dept and the four primary federal stablecoin regulators reached the GENIUS Act’s July 18 rulemaking deadline without a final set of implementing regulations. - The Block
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Kalshi says it’s working with feds over nearly $100K in Trump teleprompter speech bets. - The Hill
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Senate passes resolution saying Bankman-Fried shouldn’t receive pardon. - The Hill
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Trump targets Brazil's payments system while dollar stablecoins are quietly overtaking country's payments. Washington views Brazil’s promotion of non-dollar payment channels, including Pix and the growth of stablecoins, as a potential threat to dollar-based trade, even as dollar-linked stablecoins account for about 90% of Brazil's crypto transactions. - CoinDesk
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THE GET DOWN: BEYOND BITCOIN PODCAST |
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📣 Releasing Soon: 2nd Annual DeFi & Web3 Change-Makers to Watch 2026
Last year our inaugural 'who's who' captured a sampling of the visionaries advancing policy, innovation, market growth. We sought to spotlight some of the leaders fueling blockchain and cryptocurrency sectors. Before our new list goes live, check out the 2025 line up.
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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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