Market Trends - Bitcoin back above $120K as clear crypto policy 'invites' capital, institutions [1]

Legislative Action - The CLARITY Act passed the House with significant bipartisan support, including 78 Democrats voting in favor [1] - The level of support was unexpectedly high, exceeding the expectations of crypto policy leaders [1] Industry Impact - The overwhelming bipartisan support for the CLARITY Act is considered "bonkers" by a crypto policy leader, indicating a potentially significant shift in the regulatory landscape for the crypto industry [1]

Decentralized Finance (DeFi) Regulation - The industry recognizes decentralization as existing on a spectrum, but a shared measurement method is needed for legal clarity [1] - Network science is recommended to map power distribution across validators, developers, and governance processes [2] - New definitions are needed in UK consumer protection law to reflect how DeFi systems operate, as they challenge traditional provider-user relationships [2] ESG Disclosures in Crypto - ESG rules should be linked to the crypto-asset itself, not the intermediary, aligning with MiCA's approach for simplicity and scalability [3] - Web-native formats, live dashboards, APIs, and machine-readable disclosures are proposed to reflect how blockchain systems operate, moving beyond static PDFs [4] - Global alignment with MiCA's Delegated Regulation 2025/422 is recommended to reduce costs, prevent regulatory fragmentation, and position the UK as a leader in global crypto policy [4]