Other-News
By Bruce Buterin
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What Killed the Momentum This Week. The Senate's August 4 agenda didn't include the CLARITY Act. Not even close.
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Tribal Gaming and the CFTC Fight. During a Senate Indian Affairs Committee roundtable, Tehassi Hill from the Indian Gaming…
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Industry Keeps Moving Without Washington. Bitwise Chief Investment Officer Matt Hougan weighed in, and his read is basically: the industry…
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Senate Majority Leader John Thune didn't move. That's the whole story, really. Before the August recess, Thune failed to file a cloture motion on the CLARITY Act, and now the…
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Prediction markets felt it immediately. On Tuesday, a Kalshi contract tracking the odds of the CLARITY Act taking effect before July 1, 2027, dropped eight percentage points —…
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The Senate's August 4 agenda didn't include the CLARITY Act. Not even close. No cloture motion was filed by the end of Tuesday's session, and without one, the procedural clock…
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Part of the problem is a continuing resolution that's been eating up floor time and political capital.
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During a Senate Indian Affairs Committee roundtable, Tehassi Hill from the Indian Gaming Association made the case that sports and casino prediction markets should fall under…
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It's a real tension. Tribal nations have long-standing governance rights over gaming on their lands, and any legislation that quietly expands CFTC jurisdiction could cut into…
10 / 15
Related: Kalshi CEO Blames Casino Lobby as New York Seeks $100K Per Event Market Penalty
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And he's probably right that the industry won't stall waiting for Congress. Crypto markets have spent years operating under agency rules and enforcement interpretations rather…
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But the longer-term stakes are real. The Act was supposed to draw a cleaner line between which digital assets are securities and which are commodities.
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That uncertainty has costs. Legal bills. Compliance overhead. Deals that don't get done because the regulatory picture isn't clear enough to satisfy institutional partners.
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Related: Trump Meme Coins $3.8 Billion Wipeout Puts Senators on SECs Doorstep
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Right now, traders say 2027. Maybe late 2027. The 65% probability for passage before January 1, 2028, is the market's best guess at a finish line, and even that number carries a…
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