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Image: crypto.news via LBankCLARITY Act Eyed for Senate Floor Vote Before Upcoming August Recess Amid Heavy Calendar and Ethics Compromise Negotiations
According to reporting by LBank News citing crypto.news, Senator Cynthia Lummis anticipates Senate action on the CLARITY Act prior to the scheduled August recess, while Majority Leader John Thune has allegedly reserved floor time. This development remains not officially confirmed by legislative leadership.
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crypto.news via LBankCLARITY Act Eyed for Senate Floor Vote Before Upcoming August Recess Amid Heavy Calendar and Ethics Compromise Negotiations
According to reporting by LBank News citing crypto.news, Senator Cynthia Lummis anticipates Senate action on the CLARITY Act prior to the scheduled August recess, while Majority Leader John Thune has allegedly reserved floor time. This development remains not officially confirmed by legislative leadership.
theblock.co via LBankSenators Tillis and Gallego Advance New Ethics Compromise to White House Amid Clarity Act Push
According to reporting by LBank News and originating from The Block, a fresh legislative compromise regarding ethics provisions has been transmitted to the White House by Senators Thom Tillis and Ruben Gallego. This development remains not officially confirmed by the executive branch as lawmakers race against an impending legislative recess.
crypto.newsEvernorth Amends SEC Filing Amid Nasdaq Listing Plans and $1B XRP Treasury Proposal
According to crypto.news, Ripple-backed Evernorth Holdings has amended its SEC registration statement, reflecting finalized employment terms for three senior executives as part of its preparations for a Nasdaq listing and a proposed $1 billion public XRP treasury. The report, not officially confirmed, details new executive agreements, compensation packages, and the ongoing business combination with Armada Acquisition Corp II. The value of Evernorth’s XRP holdings has reportedly declined due to market conditions, impacting the treasury’s worth. The company’s governance and compensation structure continues to evolve, but all disclosed arrangements remain subject to shareholder and board approval. The information is based on media reporting and has not been officially confirmed.
crypto.newsSouth Korea Considers Interim Stablecoin Licensing Amid Crypto Law Delay (not officially confirmed)
A policy report published by Hashed Open Research and the Solana Policy Institute, as covered by crypto.news, recommends that South Korea introduce interim stablecoin licensing and phased regulatory guidance before lawmakers finalize the Digital Asset Basic Act. The report, which is not officially confirmed, urges a staged approach to stablecoin rules, addressing issuance, payments, and foreign tokens. It also discusses ongoing debates about bank ownership and fintech management, as well as the consolidation of ten pending proposals into a single government-backed bill. These recommendations reflect symposium participants’ views and do not constitute current law or official policy.
CoinDeskReported Migration of $80 Million ZEC to Zcash's Ironwood Pool: Not Officially Confirmed
CoinDesk has reported that approximately $80 million worth of ZEC, representing about 5% of the retired Orchard pool's balance, migrated into Zcash's new Ironwood shielded pool within the first day of its activation. The remainder of the funds are currently stranded in the now-closed Orchard pool, which cannot accept new deposits. This migration is voluntary, and the timeline depends on how quickly holders, wallets, and exchanges move their assets. These details are not officially confirmed.
crypto.news via LBankBanking Leaders and White House Adviser Clash Over Stablecoin Reward Restrictions in CLARITY Act: Not Officially Confirmed
According to LBank News, 134 banking executives have urged U.S. senators to expand restrictions on stablecoin rewards and incentives, prompting White House crypto adviser Patrick Witt to publicly criticize their stance. Witt argued that banks are opposing legislation that already prohibits stablecoin issuers from paying interest, highlighting inconsistencies in their position. Polymarket traders have reduced the odds of the CLARITY Act passing in 2026 to a record-low 27%, and Senate scheduling has narrowed the window for legislative action before the August recess. These developments are not officially confirmed and rely on media reporting.