After Major Loss, Crypto PACs Put $1.5M Into 3 US State Races

Fairshake-affiliated political action committee groups have reported fresh ad spending aimed at congressional races in several states after a loss in

• Crypto PACs, including Fairshake affiliates, have spent over $1.5 million on ad campaigns supporting candidates in Florida, Alaska, and Wyoming.
• This spending follows a primary loss in Michigan where a supported candidate was defeated, highlighting the unpredictable nature of political advertising.
• The efforts are tied to influencing U.S. politics, particularly concerning proposed market-structure legislation like the CLARITY Act.

Topics: Political endorsements opposition, Jurisdictions, Pro innovation policy, Established hubs

Tags: #fairshake #cryptopacs #electionspending #usstateraces #marketstructurelegislation #defendamericanjobs #protectprogress #nickbegich #clarityact #geniusact

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Crypto voters prioritize candidates’ stances ahead of midterms, but the numbers tell two very different stories

• The crypto industry claims a significant voting bloc is motivated by digital asset policy, but independent polls suggest this influence is vastly overestimated.
• Despite low voter interest, crypto Political Action Committees are heavily funding campaigns, spending $189 million in the 2026 electoral cycle.
• The effectiveness of this spending hinges on whether pro-crypto candidates are elected and prioritize the industry's agenda, creating market uncertainty.

Topics: Political endorsements opposition, Legal regulatory, Political opposition bans, Securities law classification, Legislative debates

Tags: #cryptovoters #midterms #standwithcrypto #digitalassetpolicy #clarityact #geniusact #stablecoinbill #politicalactioncommittees #pacspending #regulatoryclarity

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X Money Is Live, and the Most Interesting Thing About It Is the Bank - Brave New Coin

Elon Musk's payments app launched with a 6% yield, a metal Visa card and no crypto at all. The deposits sit at Cross River, and the regulator that would have policed it no longer meaningfully exists.

• X Money, Elon Musk's new payments app, has launched as a fiat-only service offering a 6% yield on deposits held at Cross River Bank.
• The app operates with limited federal oversight due to the dismantling of the CFPB, raising concerns about regulatory gaps and potential future stablecoin issuance.
• Despite its large user base, X Money's current structure as a subscription-gated service in 41 states limits its immediate impact on traditional banking.

Topics: Asset types, Jurisdictions, Legal regulatory, Stablecoins digital cash, Regulatory sandboxes pilots, Securities law classification

Tags: #xmoney #elonmusk #crossriverbank #6yield #stablecoin #moneytransmitterlicenses #cfpb #geniusact #fdic #paymentsapp

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Trump advisers Howard Lutnick, Bo Hines allegedly steered GENIUS Act toward Tether’s favor: Report

• Advisers to former President Trump, Howard Lutnick and Bo Hines, allegedly influenced the GENIUS Act to favor Tether, the largest stablecoin issuer.
• The legislation, despite Democratic opposition citing AML concerns and potential misuse by sanctioned actors, included provisions favorable to Tether, such as a longer compliance grace period.
• Critics warn that loopholes in the final act could undermine US anti-money-laundering enforcement and the dollar's global standing, while Tether and the White House defend the process.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, 3 1 securities law classification, 3 3 investor protection disclosure, 2 1 established hubs, 2 4 cross jurisdictional policy, 7 1 asset manager initiatives

Tags: #tether #geniusact #stablecoinlegislation #howardlutnick #bohines #conflictsofinterest #aml #regulatoryloopholes #cantorfitzgerald #trumpadministration

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How Launchpads Help New Crypto Projects Raise Capital

Crypto startups raised 16.1 billion dollars through token launches in 2024 alone, according to Qubit Capital. That figure confirmed launchpads as a primary capital-formation channel for early-stage blockchain projects globally.

• Crypto launchpads are crucial platforms for early-stage blockchain projects to raise capital through structured token sales, with IDOs and IEOs being primary formats.
• The landscape is evolving with increased regulatory scrutiny, including the SEC's Reg Crypto framework and the GENIUS Act, impacting how token sales operate in the US and globally.
• Investors face risks such as rug pulls and smart contract vulnerabilities, while regulatory changes are likely to consolidate the market around fewer, more compliant platforms.

Topics: Institutional adoption, Legal regulatory, Scalability, Asset manager initiatives, Securities law classification, Growth metrics, Institutional capital inflows

Tags: #cryptolaunchpads #tokensales #fundraising #ido #ieo #secregulation #geniusact #investorrisks #blockchainstartups #capitalformation

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NEAR Holds Near $1.92 as US Misses GENIUS Act Stablecoin Rule Deadline

NEAR News NEAR Protocol (NEAR) held near $1.92 as US regulators let the GENIUS Act’s one-year rulemaking deadline pass without a single final rule in place | Bitget crypto news!

• US regulators missed the July 18 deadline for finalizing rules under the GENIUS Act concerning stablecoins, leaving issuers with incomplete compliance frameworks.
• The missed deadline effectively locks in an January 18, 2027 effective date for stablecoin regulations, compressing preparation windows for firms.
• Regulatory uncertainty surrounding reserve eligibility and AML/KYC standards impacts stablecoins on networks like NEAR Protocol, affecting on-chain liquidity and RWA settlement.

Topics: Legal regulatory, Jurisdictions, Infrastructure providers, Securities law classification, Regulatory sandboxes pilots, Tokenization platforms

Tags: #geniusact #stablecoin #nearprotocol #usregulators #rulemakingdeadline #regulatoryambiguity #onchainliquidity #blackrock #aml #kyc

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One Year Later: Has the GENIUS Act Changed Crypto in the U.S.?

The GENIUS Act marks one year as Selig, Anchorage and Lummis call for CLARITY Act rules on crypto markets and customer protection.

• The GENIUS Act, focused on stablecoin regulation, has marked its one-year anniversary, with proponents like Mike Selig and Anchorage Digital claiming it has helped establish the U.S. as a global crypto hub.
• Industry figures and policymakers are now advocating for the CLARITY Act to extend similar regulatory clarity and customer protection measures to broader digital asset markets, citing past bankruptcies as a cautionary tale.
• The article highlights the ongoing debate in the U.S. Senate regarding the future of crypto regulation, with a focus on defining oversight between the SEC and CFTC and ensuring user protection.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Established hubs, Asset manager initiatives

Tags: #geniusact #clarityact #stablecoin #cryptoregulation #uspolicy #customerprotection #anchoragedigital #cynthialummis #mikeselig #sec #cftc

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Mỹ và Anh lên kế hoạch xây dựng các quy tắc chung cho token hóa và stablecoin

• The US and UK Treasuries are collaborating on common rules for tokenized assets and stablecoins, aiming for regulatory harmony without market distortion.
• Key recommendations include fully-backed stablecoins (1:1 with high-quality assets) and establishing a private-sector group to test cross-border tokenized asset use cases.
• This initiative signals a move towards concrete infrastructure development and consistent regulatory frameworks for digital assets in both jurisdictions.

Topics: Jurisdictions, Legal regulatory, Infrastructure providers, Cross jurisdictional policy, Securities law classification, Major financial incumbents

Tags: #stablecoin #tokenization #ustreasury #uktreasury #regulatorycoordination #digitalassets #crossborder #geniusact #assetbacked

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Stablecoins: How They Work & the Rules | SQX Alts

Stablecoins are digital tokens pegged to the dollar, backed by reserves — the cash rail of tokenized markets, now under the GENIUS Act's federal framework.

• Stablecoins are digital tokens pegged to the U.S. dollar, backed by reserves of cash and short-term government securities, serving as the settlement currency for tokenized markets.
• The GENIUS Act provides a federal regulatory framework for U.S. payment stablecoins, mandating full reserves, disclosure, and redemption rights, while prohibiting issuer-paid yield to holders.
• Stablecoins are considered essential infrastructure for the RWA market, functioning as payment instruments rather than investments, with risks primarily related to the issuer and reserve quality.

Topics: Asset types, Legal regulatory, Integration with defi, Stablecoins digital cash, Securities law classification, Rwa collateral lending

Tags: #stablecoin #digitaldollar #geniusact #reserves #tokenizedmarkets #blockchain #regulatoryframework #treasurybills #settlement #issuer

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RWA deposits in DeFi surge 200% year-over-year to $7.4B in Q2 2026

Real-world asset deposits parked in decentralized finance protocols tripled over the past year, climbing from $2.33B in Q2 2025 to $7.44B in Q2 2026. Tha | Bitget crypto news!

• Real-world asset deposits in DeFi have surged by 200% year-over-year, reaching $7.44 billion in Q2 2026, indicating significant growth in the integration of traditional finance assets into decentralized protocols.
• Key drivers include large institutional players like BlackRock and Ondo Finance tokenizing stable assets such as Treasuries, and DeFi platforms like Aave and Morpho enabling their use as collateral.
• Despite rapid growth, challenges related to regulatory clarity, technical composability, and transfer restrictions still limit the full utilization of tokenized RWAs within DeFi, representing a substantial expansion opportunity as these barriers fall.

Topics: Asset types, Scalability, Integration with defi, Financial instruments, Institutional capital inflows, Rwa collateral lending

Tags: #rwadeposits #defi #tokenizedtreasuries #blackrockbuidlfund #ondofinance #aave #morpho #pendle #geniusact #institutionalcapital

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RWA Deposits in DeFi Surge 200% YoY to $7.4B in Q2 2026

Real-world asset deposits parked in decentralized finance protocols tripled over the past year, climbing from $2.33B in Q2 2025 to $7.44B in Q2 2026. That’s rou

• Deposits of real-world assets (RWAs) in decentralized finance (DeFi) protocols have surged by 200% year-over-year, reaching $7.44 billion in Q2 2026.
• Major players like BlackRock and Ondo Finance are driving this growth with tokenized Treasuries and money market instruments, which are increasingly being integrated as collateral in DeFi platforms.
• Despite rapid growth, a significant 'composability gap' remains, with regulatory and technical hurdles limiting the full utilization of tokenized RWAs within open DeFi lending protocols.

Topics: Asset types, Scalability, Integration with defi, Financial instruments, Institutional capital inflows, Rwa collateral lending

Tags: #rwadeposits #defi #blackrockbuidl #ondofinance #tokenizedtreasuries #aave #morpho #pendle #geniusact #institutionalcapital

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On-chain money and data center collateral: what actually funds AI compute

On-chain money is reaching data center collateral, but not via payment stablecoins: the real financing is tokenized private credit.

• AI infrastructure's massive capital needs are being met by tokenized private credit, not traditional payment stablecoins, due to regulatory restrictions like the GENIUS Act.
• This on-chain credit market, distinct from payment money, uses data center collateral like GPUs and leases, offering flexible financing but facing risks such as hardware depreciation and jurisdictional enforceability.
• While promising for startups and mid-sized operators, this market is separate from mainstream stablecoins and its long-term survival hinges on GPU economics and regulatory clarity.

Topics: Asset types, Legal regulatory, Integration with defi, Private credit high yield, Securities law classification, Rwa collateral lending

Tags: #aicompute #tokenizedprivatecredit #geniusact #datacentercollateral #syntheticdollars #gpufinancing #onchaincreditmarket #stablecoin #yieldban #offchaincontracts

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JPMorgan’s JLTXX tokenized money market fund surges 250% in a month to nearly $700M

• JPMorgan's JLTXX tokenized money market fund experienced rapid growth, increasing AUM by 250% in one month to nearly $700 million.
• The fund, which invests in U.S. Treasuries, operates on the public Ethereum blockchain and is designed to meet stablecoin reserve requirements under the new GENIUS Act.
• This growth highlights the increasing intersection of traditional finance and crypto-native infrastructure, particularly for institutional investors seeking compliant yield.

Topics: Asset types, Institutional adoption, Public debt, Financial instruments, Asset manager initiatives, Tokenized us treasuries

Tags: #jpmorgan #jltxx #tokenizedmoneymarketfund #ustreasuries #ethereum #kinexys #stablecoinreserves #geniusact #anchoragedigital #aumgrowth

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NYLIM executive says tokenization will make personalized portfolios the next big use case

New York Life Investment Management is not a firm you typically associate with crypto-native experimentation. With roughly $807B in assets under manageme | Bitget crypto news!

• New York Life Investment Management (NYLIM) has launched its first tokenized product, a high-yield corporate bond strategy, in partnership with Centrifuge.
• NYLIM views this as a foundational step towards creating scalable, personalized investment portfolios by embedding investor goals directly into the token.
• The launch is seen as significant due to NYLIM's size and careful approach, with the recent passage of the Genius Act cited as a key enabler for institutional adoption.

Topics: Asset types, Institutional adoption, Legal regulatory, Financial instruments, Asset manager initiatives, Securities law classification

Tags: #tokenization #personalizedportfolios #newyorklifeinvestmentmanagement #centrifuge #highyieldcorporatebond #geniusact #onchaininfrastructure #etfs #regulatorycompliance

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BVI represents over 10% of global tokenized US Treasuries, research shows

The distributed value of US tokenised treasuries in the BVI reached $1.5bn in June

• The British Virgin Islands (BVI) now represents over 10% of the global market for tokenized US Treasuries, with $1.5bn in distributed value as of June 1, 2026.
• The BVI also leads in hosting tokenized securities and has a significant presence in stablecoin asset holders and transfer volumes.
• Regulatory developments like the GENIUS Act and CLARITY Act are seen as catalysts for institutional capital inflow into the tokenized asset space.

Topics: Jurisdictions, Asset types, Public debt, Established hubs, Financial instruments, Tokenized us treasuries

Tags: #britishvirginislands #tokenizedustreasuries #bvifinance #stablecoins #onchain #digitalassets #regulatorydevelopments #institutionalcapital #geniusact #clarityact

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Regulating Digital Assets: Michael Piwowar Interview

The 29th Annual Milken Institute Global Conference kicked off live in Beverly Hills in May of 2026. This year, we present a RealClearMarkets exclusive interview with Dr. Piwowar. Dr. Michael Piwowar,

• The interview discusses the ongoing efforts to regulate digital assets in the US, focusing on the proposed Clarity Act and the already enacted Genius Act for stablecoins.
• Key themes include the jurisdictional division between the SEC and CFTC, the regulatory treatment of Bitcoin versus stablecoins, and the application of the Howey Test to tokenized assets like real estate.
• The discussion also touches upon the 'Invest America Accounts' initiative for early childhood wealth building and a critique of the Dodd-Frank Act's Financial Stability Oversight Council (FSOC).

Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Regulatory sandboxes pilots, Ethereum evm l 1 s

Tags: #digitalassets #regulation #sec #cftc #clarityact #geniusact #stablecoins #bitcoin #tokenization #investamericaaccounts

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Fidelity Launches Reserves Digital Fund, a Money Market Fund Built for Stablecoin Issuers

Fidelity launches the Reserves Digital Fund on June 19, a GENIUS Act-aligned money market fund for stablecoin issuers targeting $1.00 NAV and 0.18% expense ratio.

• Fidelity has launched the Reserves Digital Fund, a money market fund specifically designed for stablecoin issuers to hold their backing reserves in GENIUS Act-compliant assets.
• The fund targets a stable $1.00 NAV with a competitive 0.18% expense ratio, undercutting typical institutional money market fund fees and launching shortly after State Street's similar offering.
• This launch signifies a competitive institutional race in stablecoin reserve management, driven by the GENIUS Act, and expands Fidelity's digital asset services to include reserve management for stablecoin issuers.

Topics: Asset types, Institutional adoption, Legal regulatory, Stablecoins digital cash, Asset manager initiatives, Securities law classification

Tags: #fidelityreservesdigitalfund #stablecoinissuers #geniusact #moneymarketfund #reservemanagement #institutionalinfrastructure #assetmanagement #nav #expenseratio #statestreetsscxx

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US Agencies Push User ID Requirements for Stablecoin Issuers Akin to Regulated Banks

• US agencies are proposing new rules that would require stablecoin issuers to verify user identities, similar to regulated banks, under the Bank Secrecy Act.
• This proposal is part of the implementation of the GENIUS Act and aims to address Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) requirements.
• The rule is currently open for public comment, highlighting ongoing regulatory efforts to integrate stablecoins into the traditional financial framework and address concerns about illicit finance.

Topics: Legal regulatory, Compliance, Jurisdictions, 3 1 securities law classification, 33 2 kyc aml frameworks, 2 1 established hubs

Tags: #stablecoinissuers #useridentification #banksecrecyact #geniusact #amlcft #usagencies #regulatedfinancialinstitutions #customerduediligence #fincen #treasury

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Crypto industry backs Barry Moore in Alabama Senate race with nearly $7M war chest

• The crypto industry, primarily through the Fairshake affiliate Defend American Jobs, has heavily backed Rep. Barry Moore's Alabama Senate campaign with nearly $7 million.
• Moore's support stems from his legislative record, including backing the CLARITY Act and GENIUS Act, which aim to create clearer regulatory frameworks for digital assets, and his opposition to central bank digital currencies.
• His potential win could bolster the pro-crypto caucus in the Senate, though such significant industry spending may also lead to accusations of special-interest capture.

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

Tags: #barrymoore #alabamasenaterace #cryptoindustry #fairshake #defendamericanjobs #superpac #digitalassets #clarityact #geniusact #stablecoinregulation

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US banks move to lock in deposit insurance for tokenized deposits

Three banking trade groups have urged the FDIC to confirm in binding rule text that tokenized deposits qualify for deposit insurance, a move aimed less at

Topics: Legal regulatory, Banks bankingsystems, Compliance, 3 1 securities law classification, 28 1 custody asset servicing, 33 1 automated on chain compliance

Tags: #fdic #tokenizeddeposits #depositinsurance #bankingtradegroups #ruletext #geniusact #administrativerecord #legalchallenge #regulatoryclarity #categorized

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