Crypto PAC Backs 32 House Candidates Ahead of US Midterms

Fairshake, the crypto-backed political action committee supported by major industry players including Coinbase, Ripple Labs and Andreessen Horowitz, has

• Fairshake, a crypto-backed PAC, is allocating $6 million to six House candidates and plans to spend over $100 million on political ads for the 2026 U.S. midterms.
• The PAC's support is tied to 32 candidates who voted for the Digital Asset Market Clarity Act, despite its uncertain legislative path.
• The spending aims to influence policy and create a pro-crypto caucus, with a significant focus on key Senate races like Ohio's.

Topics: Political endorsements opposition, Legal regulatory, Pro innovation policy, Legislative debates, Securities law classification

Tags: #fairshake #cryptopac #usmidterms #housecandidates #digitalassetmarketclarityact #coinbase #ripplelabs #andreesenhorowitz #politicalspending #regulatoryclarity

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Ex-CFTC leader to leave Blockchain Association after CLARITY vote fails

Former Blockchain Association CEO Kristin Smith will return as an interim leader for the cryptocurrency advocacy organization after Summer Mersinger announced her departure.

• Summer Mersinger is stepping down as CEO of the Blockchain Association due to the failure of a key legislative priority, the Digital Asset Market Clarity Act.
• Kristin Smith, former CEO, will return as interim leader for the cryptocurrency advocacy organization.
• Mersinger's tenure focused on advocating for regulatory clarity and the GENIUS Act for stablecoins, but the failure of the Clarity Act highlights ongoing legislative challenges in the US.

Topics: Legal regulatory, Jurisdictions, Political endorsements opposition, 3 1 securities law classification, 2 1 established hubs, 13 3 legislative debates

Tags: #blockchainassociation #summermersinger #kristinsmith #cftc #sec #genesisact #digitalassetmarketclarityact #washington #congress #stablecoins

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CFTC updates guidance on tokenized assets, blockchain records after failed vote

CFTC guidance originally released in March was updated to include changes to policies on keeping records using blockchain and companies investing user funds in tokenized forms.

• The CFTC has updated its guidance on tokenized assets and blockchain recordkeeping, allowing customer funds to be invested in tokenized forms if legal rights are equivalent to traditional assets.
• The regulator will not object to the use of blockchain-based recordkeeping under the new rules, aiming to provide regulatory clarity for the crypto industry.
• This update comes after the failure of the Digital Asset Market Clarity Act in the Senate, suggesting regulators will continue to advance policies through rulemaking in the absence of congressional action.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, 3 1 securities law classification, 2 3 regulatory sandboxes pilots, 6 1 ethereum evm l 1 s

Tags: #cftc #tokenizedassets #blockchainrecords #regulatoryclarity #digitalassetmarketclarityact #sec #rulemaking #customerfunds #legalrights

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Republican senator calls for probe into US presidents’ sons, citing crypto ventures

Utah Senator John Curtis asked for subpoenas for Donald Trump Jr. and Hunter Biden, arguing their relationship to the presidency was used for business dealings.

• Senator John Curtis is calling for an investigation into Donald Trump Jr. and Hunter Biden, citing their involvement in cryptocurrency ventures and potential use of presidential relationships for financial gain.
• The senator has requested subpoenas for both individuals, aiming to determine if existing laws cover their dealings and to identify necessary reforms to prevent the presidency from being used for private enrichment.
• This call for investigation comes amidst ongoing debates about crypto regulation in the US Senate, with concerns raised about potential corruption and the use of digital assets for profit.

Topics: Legal regulatory, Political endorsements opposition, Blockchain usage, Enforcement actions litigation, Pro innovation government policy, Legislative debates, Ethereum evm l 1 s

Tags: #johncurtis #donaldtrumpjr #hunterbiden #cryptoventures #senatejudiciarycommittee #subpoenas #financialbenefit #regulatorypurview #digitalassetmarketclarityact #corruption

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Crypto-Backed PAC Cuts Massachusetts Primary Ad Spend

An affiliate of Fairshake, one of the best-known political networks tied to the U.S. crypto industry, is spending on media ahead of Tuesday’s

• A crypto-aligned PAC, Fairshake's affiliate Protect Progress PAC, has spent over $189,000 on media supporting Representative Jake Auchincloss in the Massachusetts primary.
• Challenger Jason Poulos alleges some mailers were AI-generated and urges Auchincloss to renounce the PAC's support, citing his voting record on digital asset legislation.
• This spending highlights the increasing political engagement of crypto groups in broader election cycles, even outside of direct crypto policy races, with Fairshake reporting substantial resources for the 2026 cycle.

Topics: Political endorsements opposition, Legal regulatory, Pro innovation policy, Legislative debates, Securities law classification

Tags: #fairshake #protectprogresspac #jakeauchincloss #jasonpoulos #massachusettsprimary #cryptopolicy #politicalspending #aigeneratedmailers #digitalassetmarketclarityact #electioncycle

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Crypto-backed PAC scales back ad spending in Massachusetts primary

Democratic candidate Jason Poulos, running in Massachusetts’ 4th district primary, said a Fairshake PAC had funded “AI-generated slop mailers” to support incumbent Jake Auchincloss.

• Fairshake PAC, a crypto-industry-backed political action committee, is spending over $189,000 to support incumbent Jake Auchincloss in the Massachusetts 4th district primary.
• Democratic candidate Jason Poulos criticized the PAC's 'AI-generated slop mailers' and Auchincloss's past acceptance of crypto industry funds.
• Despite scaling back some ad spending, Fairshake PAC has significant funds remaining for the upcoming general election, indicating continued influence efforts.

Topics: Political endorsements opposition, Blockchain usage, Pro innovation government policy, Ethereum evm l 1 s

Tags: #fairshakepac #protectprogresspac #jakeauchincloss #jasonpoulos #massachusettsprimary #cryptoindustry #digitalassetmarketclarityact #aigeneratedmailers #politicalspending

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SEC to again delay 'innovation exemption' for tokenization amid Wall Street, White House concerns

The SEC was ready to release at least some part of the innovation exemption alongside its now-canceled open meeting for "Reg Crypto" on Friday.

• The SEC has delayed its planned 'innovation exemption' for tokenized securities due to concerns from the White House and Wall Street firms.
• The White House fears the exemption could complicate ongoing congressional negotiations on crypto legislation, while financial institutions argue for a formal rulemaking process.
• This delay occurs despite growing momentum in tokenization, with projections of a multitrillion-dollar market and ongoing infrastructure development by major exchanges.

Topics: Legal regulatory, Jurisdictions, Scalability, Securities law classification, Regulatory sandboxes pilots, Institutional capital inflows

Tags: #sec #innovationexemption #tokenization #tokenizedsecurities #whitehouse #wallstreet #digitalassetmarketclarityact #sifma #regulationnms #blockchain

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Over 1 million Americans urge senators to support the CLARITY Act

More than 1 million Americans have now contacted their US senators in support of the Digital Asset Market Clarity Act, a grassroots mobilization driven i | Bitget crypto news!

• Over 1 million Americans have contacted their senators in support of the Digital Asset Market Clarity Act (H.R. 3633), aiming to establish clear regulatory authority between the SEC and CFTC.
• A revised version of the bill, including ethics rules and a sunset provision, passed the Senate Banking Committee and has garnered support from major financial institutions like Fidelity.
• The act is seen as crucial for attracting institutional capital to digital asset markets by providing a clear federal framework, addressing consumer protection, and combating illicit finance.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Cross jurisdictional policy, Asset manager initiatives

Tags: #clarityact #digitalassetmarketclarityact #hr3633 #sec #cftc #congress #fidelity #cryptocouncilforinnovation #blockchainassociation #regulatoryclarity

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What Is The Future Of Tokenized Equity?

A token can represent a right, record it and transfer it across a programmable ledger. However, the right itself has to exist in law, not just in code.

• The collapse of tokenized equity instruments like PreStocks for Anthropic and OpenAI highlights a critical failure in legal grounding, not blockchain technology, leading to significant investor losses.
• The demand for tokenized private equity is legitimate due to traditional market restrictions, but responsible tokenization requires legal rights, not just digital representations.
• The future of tokenized equity hinges on compliance with existing regulations and the development of products with a solid legal foundation, as indicated by advancing legislation and regulatory statements.

Topics: Asset types, Legal regulatory, Institutional adoption, Equity, Securities law classification, Investor protection disclosure, Asset manager initiatives

Tags: #tokenizedequity #prestocks #anthropic #openai #legalgrounding #regulatoryframework #investorprotection #compliance #digitalassetmarketclarityact #sec

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Cynthia Lummis emphasizes importance of Clarity Act for US tech leadership

• Senator Cynthia Lummis is urging for a Senate vote on the CLARITY Act before the August 2026 recess to establish clear US crypto regulations and maintain technological leadership.
• The CLARITY Act aims to define jurisdictional boundaries between the CFTC and SEC for digital assets and includes provisions for anti-money laundering (AML) measures.
• Lummis warns that failure to pass the act could significantly delay US crypto regulation, potentially until 2030, while other nations like the EU and Singapore advance their frameworks.

Topics: Jurisdictions, Legal regulatory, Political endorsements opposition, Cross jurisdictional policy, Securities law classification, Legislative debates, Pro innovation policy

Tags: #cynthialummis #clarityact #digitalassetmarketclarityact #hr3633 #cryptoregulation #ussenate #cftc #sec #aml #financialinfrastructure

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Senator Lummis fires back at Jamie Dimon over crypto Clarity Act criticism

• Senator Lummis publicly criticized Jamie Dimon for allegedly misrepresenting the Clarity Act's AML provisions, stating the bill explicitly includes these requirements.
• The Digital Asset Market Clarity Act (H.R. 3633) aims to define jurisdictional lines between the SEC and CFTC for digital assets and is facing a crucial Senate vote.
• The bill's passage is complicated by ethical concerns regarding Trump family holdings and opposition from law enforcement groups over software developer liability.

Topics: Legal regulatory, Jurisdictions, Compliance, Securities law classification, Cross jurisdictional policy, Aml antimoneylaundering

Tags: #clarityact #jamiedimon #senatorcynthialummis #digitalassetmarketclarityact #hr3633 #aml #banksecrecyact #sec #cftc #congress

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The CLARITY Act - Crypto Has One Chance Left at Legal Clarity - Brave New Coin

The short answer for anyone searching today: the CLARITY Act has not passed the Senate, it will not be signed into law by July 4, and its realistic window to become law in 2026 now closes when the Senate leaves for its August recess. The bill is not dead. It is stuck, and it is stuck for reasons that have almost nothing to do with how crypto should be regulated.

• The CLARITY Act, a comprehensive attempt to define regulatory authority over US crypto markets between the SEC and CFTC, is currently stalled in the Senate.
• Key disputes over an ethics provision and the Blockchain Regulatory Certainty Act are preventing the bill from advancing, despite bipartisan support in committees.
• The upcoming August recess presents a critical deadline, with failure to pass potentially delaying a federal digital asset framework until 2030.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Cross jurisdictional policy, Onboarding prime brokerage

Tags: #clarityact #cryptoregulation #sec #cftc #digitalassetmarketclarityact #hr3633 #senate #houseofrepresentatives #blockchainregulatorycertaintyact #ethicsprovision

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Cynthia Lummis calls CLARITY Act a commitment, not a concession

• Senator Cynthia Lummis is advocating for the CLARITY Act, emphasizing it as a commitment to US crypto leadership rather than a concession.
• The bill aims to define regulatory oversight between the SEC and CFTC for digital assets, including Bitcoin and Ethereum, and addresses stablecoin regulation.
• Lummis warns that regulatory delays could cede competitive advantage to other nations and highlights Bitcoin's potential as an inflation hedge.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Cross jurisdictional policy, Onboarding prime brokerage

Tags: #clarityact #cynthialummis #digitalassetmarketclarityact #sec #cftc #stablecoinregulation #bitcoin #ethereum #uscryptoleadership #regulatoryclarity

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