Crypto Compliance

CLARITY Act

2026-07-23 01:29:05

Senate Republicans release 616-page CLARITY Act with crypto ban for federal officials until 2029

Senate Republicans on July 22 released the full 616-page text of the CLARITY Act, a digital asset market structure bill that includes what the White House described as the broadest and most comprehensive ethics provision to date. Under the measure, all federal officials, government employees, and their spouses would be barred from issuing or sponsoring any digital asset. Crypto trading platforms would also be prohibited from listing tokens issued or sponsored by those officials. Senator Cynthia Lummis, a leading backer of the bill, said the ethics provision would apply to President Donald Trump as well. The restriction is not permanent: it would automatically expire on Jan. 20, 2029, the day Trump’s second term ends. The bill assigns primary enforcement authority to the U.S. attorney general rather than state authorities. The legislation is still awaiting a Senate vote, then would need to return to the House before it could potentially reach Trump’s desk. Reaching the 60-vote threshold will require support from some Democrats, several of whom have said they will not back the bill without strong ethics language. The text also appears not to cover officials’ children, a point that has drawn attention because Trump’s three sons are co-founders of World Liberty Financial, and two of them also launched Bitcoin mining company American Bitcoin.

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BitGo

2026-07-23 00:50:14

BitGo Offers EU Crypto Firms a MiCA-Compliant Route Ahead of July 1 Deadline

BitGo CEO Mike Belshe is calling on crypto firms still awaiting approval to use the company’s Germany-licensed EU infrastructure before MiCA’s July 1 deadline cuts off unauthorized access to EU clients.

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Dubai VARA

2026-07-23 00:40:15

Dubai VARA Tightens AML Rules and Raises the Compliance Bar for Licensed Crypto Firms

Dubai’s VARA has updated its AML guidance, requiring licensed crypto firms to run ongoing risk reviews, revisit assessments at least every three months, and give senior management direct responsibility for current risk exposure.

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New York regu

2026-07-22 21:15:14

New York Sues Coinbase and Gemini Over Alleged Unlicensed Prediction Markets

New York has sued Coinbase and Gemini, alleging they operated unlicensed prediction markets, allowed 18-to-20-year-old users to participate, and bypassed state approvals and taxes.

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Taiwan regula

2026-07-22 19:20:13

Taiwan Expands Anti-Fraud Rules, Allowing Banks and VASPs to Share Data and Liquidate Crypto for Victim Restitution

Taiwan’s regulator has amended anti-fraud rules to let banks, e-pay firms, and VASPs share suspicious transaction data, while allowing leftover crypto in flagged accounts to be sold and returned to victims in fiat.

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HTX

2026-07-22 18:05:13

HTX Says Funds Are Safe After UK Sanctions Huobi Global S.A.

After the UK sanctioned Huobi Global S.A. over alleged Russia-linked financial services, HTX said the entity is separate from its trading platform, operations remain normal, and user funds are safe.

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policy

2026-07-22 15:35:13

Former FBI Investigator Says Crypto Traceability Depends on Platform Rules, Not Anonymity

Stephanie Talamantez argues that crypto and cloud mining are not inherently untraceable. The bigger risks come from opaque platform structures, unclear rules, and weak responsibility boundaries, with IO DeFi presented as an example.

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UK sanctions

2026-07-22 14:50:13

UK Blocks Xinbi From Crypto Market as Sanctions Tie Network to $580 Million Freeze

The UK has barred Xinbi from its crypto market, freezing related activity across exchanges, custodians, and payment rails. The move comes as international enforcement, including the FBI and Thai police, has already frozen $580 million in crypto tied to scam groups.

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