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Crypto

U.S. police union backs Clarity Act revision, Coinbase urges Senate to take position

A large U.S. law enforcement organisation has publicly backed the latest revision to the Clarity Act, prompting Coinbase to press the Senate to clearly state whether it supports the amendment. Coinbase Chief Legal Officer Paul Grewal called for a public position after the Fraternal Order of Police declared support. The group said the revised bill reflects its concerns while preserving enforcement powers to investigate crypto-related crime.

Crypto

Hoskinson says Trump should step back from crypto market

Cardano founder Charles Hoskinson said a sitting president should not participate directly in the cryptocurrency market, arguing that U.S. President Donald Trump’s involvement in crypto businesses fuels conflict-of-interest concerns. The comments followed Senator Elizabeth Warren’s opposition to a revised Clarity bill, which she said does not adequately prevent Trump from profiting while in office. Republicans have proposed an ethics amendment, but the bill’s passage and timing remain uncertain.

Crypto

U.S. House passes bill to curb lawmakers\' stock trading using insider information

The U.S. House of Representatives passed a bill that would ban members of Congress, their spouses and dependent children from buying newly listed stocks. The House approved the Stop Insider Trading Act in a 232-198 vote and sent it to the Senate. The bill aims to prevent lawmakers from profiting from stock trades using insider information and would impose strict penalties for violations. Some Democrats criticised it as insufficient to address conflicts of interest.