Crypto News Today | 2 Min News | The Daily News Now!

The Senate’s Clarity Act is heating up — with a new ethics clause aimed at stopping top officials from profiting off crypto tied to their names. But with recess looming in two weeks, passage looks tough. Democrats demand enforceable accountability, while Republicans and the White House push back. The current provision lets officials divest or use blind trusts within a year — but critics say it’s toothless, especially against sitting presidents, and vanishes with new administrations. Crypto advocates and Senate staffers are rallying for the bill, arguing it’s the only way to protect investors. A procedural vote next week could bring it to the floor — but a deal on the ethics clause must be done by Thursday. Time’s running out.

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The CFTC is stepping up its regulatory game on prediction markets, issuing a second warning this year to ensure contracts stay within legal bounds. While markets can self-certify as long as they comply with existing rules, the agency’s new advisory outlines a three-step process to screen for risky content like terrorism or assassination. With public feedback due soon, the CFTC aims to prevent harmful contracts from slipping through — tightening oversight to keep these markets responsible and on the right track.

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Russia’s Sberbank is racing to launch its own crypto trading infrastructure by December, complete with a digital depository and client wallet management — all while Moscow drafts sweeping crypto regulations that could let digital assets enter foreign trade. As the EU sanctions crypto exchanges like HTX for aiding Russia’s financial evasion, Moscow is betting big on blockchain to reshape its financial future — under its own rules.

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The CFTC is cracking down on prediction market platforms for failing to disclose enough detail when launching multiple similar contracts — forcing regulators to review each one individually to ensure compliance. As these platforms explode in popularity, especially for sports and political events, the lack of clear legal boundaries and self-certification practices are creating regulatory headaches. While the CFTC allows grouping related contracts for filings, the key is transparency and proper documentation — a balancing act in a fast-evolving, legally murky space where court battles may soon define the regulator’s true authority.

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South Korea’s largest bank, KB Kookmin, is set to revolutionize cross-border trade by launching a new payment service in August using JPMorgan’s Kinexys blockchain platform. Targeting US dollar transactions across ten key countries—including the U.S., Singapore, and the UAE—the service promises near-instant settlements and lower costs, powered by JPMorgan’s institutional-grade tech integrated with SWIFT. As KB Financial Group’s flagship, this bold move signals a major shift toward blockchain adoption in global finance, making international payments faster, cheaper, and more secure for businesses worldwide.

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