Gaming groups urge Congress to ban prediction markets sports betting in CLARITY Act







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Among the issues US lawmakers are expected to discuss in a digital asset taxation hearing are βde minimisβ reporting exceptions for crypto transactions.
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The law, part of a budget plan passed by Illinois lawmakers, would put the burden of collecting a 0.2% tax on crypto transactions on a registered broker.
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The lawsuit followed an investigation by Missouri authorities into several crypto ATM companies that involve allegations of βdeceptive fee structuresβ and scams.

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Hester Peirce will become an associate professor at a Virginia law school some 18 months after her term at the SEC expired, leaving another empty seat in the agencyβs leadership.
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Five Republicans and one Democrat won or went to runoffs following primaries in Georgia, Alabama and Kentucky after a crypto-backed PAC and its affiliates spent a combined $20 million on media and ads.
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About 24 hours after Minnesota Governor Tim Walz signed a bill into law passed by the stateβs legislature to effectively ban prediction markets in the state, the CFTC pushed back with its own lawsuit.

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The Massachusetts lawmaker asked the US Comptroller of the Currency to provide all communications between the agency and President Donald Trump potentially related to the charter approvals.
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Many experts voiced concerns that the confirmation of Kevin Warsh as Federal Reserve chair would lead to uncertainty about the central bankβs independence, particularly in setting interest rates.
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A political action committee aligned with crypto interest groups reported spending more than $4 million in support of Democratic US House candidate Jasmine Clark in Georgia.
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Minnesota-based banking institutions and credit unions will be authorized to provide digital asset custody services in a nonfiduciary capacity as of Aug. 1.
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The announced crypto freeze came just one day after Tether said it had frozen $344 million of its USDt stablecoin in response to a request from US law enforcement.
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The US President has confirmed his attendance for the Florida event, but it's unclear whether Tron founder Justin Sun, suing the Trump family's crypto business, will appear.
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After reporting more than $1.7 million to election officials, a crypto-aligned political action committee has reportedly backed out of advertising for a Texas Senate candidate.
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More than 120 entities associated with the crypto and blockchain industry signed onto a letter urging US Senators to move forward with a crypto market structure bill.
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The ex-FTX CEO said he consulted with his parents and lawyers regarding a recent filing he sent from prison, but claimed to be the βultimate author of the documents.β
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Unlike previous years, only a handful of official events at the 2026 version of the iconic Austin festival featured crypto.