House Republican leaders struggled Wednesday to resolve an impasse with GOP hardliners on crypto legislation backed by President Donald Trump https://t.co/VgHe9kYffg ...

Market Trends & Inflation - Bitcoin fell after inflation data showed prices climbed 2.7% in June [1][2] - Standard Chartered is launching digital asset trading service for institutional clients, allowing spot trading of Bitcoin and Ether [2][3] Regulatory Landscape & Legislation - Grayscale confidentially submitted an S1 with the SEC to list on a US stock exchange, number of shares and price range have not yet been determined [1][4] - The House failed to clear a procedural hurdle to move crypto bills forward, facing opposition from both Republicans and Democrats [7] - Coinbase's chief legal officer discussed the Clarity Act, the Genius Act (Stablecoin Regulation Bill), and the Anti-CBDC Surveillance State Act, emphasizing the need for regulatory clarity [8][9] - The Genius Act has already passed the Senate and could be signed by the president soon [10] - The Clarity Act aims to clarify the jurisdiction of the SEC and CFTC over digital assets [11][12][13] - The President aims to sign stable coin legislation by August recess and wants a market structure bill ready for signature no later than September 30th [19][20] Stablecoins & Blockchain Adoption - White House official David Saxs said more companies could be encouraged to use blockchain technology if the Genius Act passes, potentially leading to wider adoption by institutions like banks, Visa, and Mastercard [5][6] - US law recognizing stable coins is critical for confidence in the market and for major institutions to invest in this technology [15][16] Coinbase & Political Action - Fair Shake, a political action committee focused on the crypto industry, has $141 million cash on hand, including an additional $25 million contribution from Coinbase [22] - Coinbase has contributed nearly $100 million to Fairshake to date, supporting the enactment of sensible rules for crypto on a bipartisan basis [22][23]

🇺🇸 🟠 Bitcoin is hitting new all-time highs while Congress votes on crypto legislation.Welcome to Crypto Week! ...

🇺🇸 CRYPTO WEEK: This week, the House is expected to vote on major crypto legislation including the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act.Big week ahead! https://t.co/vAJomURSnZ ...

Regulatory Landscape - Lawmakers are facing challenges in advancing crypto legislation before October [1] - The industry is pushing for clear regulatory frameworks for cryptocurrencies [1]

Stand with Crypto joins over 60 other groups in urging US lawmakers to back sweeping crypto legislation https://t.co/whiLYryqiZ ...