This week’s key crypto news includes the fate of the CLARITY Act, which hinges on ethical concerns and prediction market insights. Additionally, stablecoin regulations are set to align between US and
The upcoming Senate vote on the CLARITY Act is crucial for cryptocurrency regulation in the U.S., with Polymarket predicting only a 40% chance of passage this year due to opposition from key Democrats. The bill aims to provide regulatory clarity but faces significant ethical hurdles, particularly concerning President Trump’s crypto earnings.
Bitcoin has set its sights on reaching $80K as market sentiment remains optimistic despite recent fluctuations. Despite the challenging political climate, traders are watching for potential support levels and technical indicators that could drive further gains in BTC price action.
Crypto markets have seen a significant downturn in spot trading volumes over the second quarter of 2026, with centralized exchanges (CEXs) experiencing a drop from $2.7 trillion to just $1.95 trillion. However, prediction market volumes hit record highs, reaching $113.8 billion, highlighting growing interest and engagement among traders.
France has taken action by blocking access to Polymarket, considering it illegal gambling under its national laws. This move underscores the evolving regulatory landscape for crypto platforms across different jurisdictions, with some countries prioritizing traditional financial regulations over emerging decentralized markets.
The FTX Recovery Trust announced another $900 million in distributions, bringing total payouts since bankruptcy filing to about $10 billion. The US Senate has adopted a resolution opposing executive clemency for former FTX CEO Sam Bankman-Fried (SBF), signaling bipartisan opposition despite speculation of potential presidential pardons.
Tokenized stocks reached record market capitalization at $2.3 billion, with Ethereum leading the pack in terms of network share. This trend indicates growing investor interest in blockchain-based equity products and could signal a broader shift towards decentralized finance solutions for traditional investments.
The US and UK are set to align their stablecoin regulations, though specific details on the Genius Act remain to be seen. This collaboration aims to create more consistent standards across international borders but may also face challenges in ensuring both consumer protection and innovation.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.