The U.S. Treasury says Tehran-based BitBank moved hundreds of millions of dollars in bitcoin to Iran’s Revolutionary Guards and processed Strait of Hormuz passage fees. The sanctions freeze its U.S.-jurisdiction assets and threaten foreign transaction processors with exclusion from the American financial system.
The Shark Tank investor says Congress will face pressure to revive crypto market structure legislation as it moves to establish tax rules for digital assets.
The U.S. Securities and Exchange Commission issued a blanket 5-year exemption for listing and trading tokenized securities without registering as an exchange.
Hamas’ military wing has advised donors to avoid using Binance for funding and instead opt for alternative platforms such as Bybit, OKX, Kast, and Redotpay, as revealed in recently unsealed U.S. Department of Justice documents.
Even if the Clarity Act fails to pass, Wall Street's crypto expansion will likely continue as financial institutions have already made significant strides in digital assets. Passage would accelerate adoption, but failure may only slow it rather than stop it entirely.
The House Ways and Means Committee released a 114-page crypto tax bill ahead of a Wednesday markup, with provisions covering small transactions, staking, mining, and broker requirements. The proposal could begin a longer legislative effort, though it is unlikely to become law this year.
Prediction markets are assigning higher probabilities to the passage of the Clarity Act this year, but the bill still faces a challenging legislative path. While odds have surged on Kalshi and Polymarket, the Senate still needs a 60‑vote cloture and further approvals before the president can sign it.
A bipartisan group of state attorneys general is urging the Senate to revise the Digital Asset Market Clarity Act, warning that federal preemption clauses could limit their ability to combat crypto-related fraud and online scams.