In a virtual hearing, the judge presiding over the Tornado Cash case didn't mince words as she highlighted what she plans to focus on as trial begins next week.
U.S. senators and crypto specialists propose stipulations for digital asset market structure legislation while highlighting the reality of illicit financing on public blockchains and noting the Trump family’s crypto dealings.
Long-time Bitcoin advocate Senator Cynthia Lummis (R-WY) has drafted a bill that allows Bitcoin enthusiasts to spend small amounts of bitcoin without incurring capital gains taxes (which is very cool), but many — including myself — feel that the spending limits in the bill are too low.
Despite a push from Senator Cynthia Lummis (R-WY), an amendment regarding de minimus capital gains exemption on crypto spending was not included in the version of the One Big Beautiful Act that passed in the Senate.
Members of the crypto industry and digital asset specialists argue that if the U.S. doesn’t pass legislation on digital asset market structure soon, it might cede authority to legal regimes from other countries.
Senator Bill Hagerty (R-TN), the main sponsor for the GENIUS Act, and policy analysts from the Bitcoin Policy Institute and Galaxy Digital believe that combining the GENIUS Act with the CLARITY Act as the former heads to the House floor for a vote will lower the likelihood of it passing.
The section of the CLARITY Act (H.R. 3633) that protects Bitcoin and crypto users’ right to use noncustodial wallets as well as developers’ right to create such tools without being subject to The Bank Secrecy Act (BSA) will remain in the bill as it gets voted on in the House.
At Bitcoin 2025, NYC mayor, Eric Adams, proclaimed that he’s going to push to issue a BitBond, but judging by his past inaction on Bitcoin as well as a statement from NYC’s comptroller, odds are New Yorkers won’t see a BitBond in the near future.
WIN BITCOIN
