Home Blog Page 10

US Law Enforcement Group Moves to ‘Neutral’ position on CLARITY Act

0

The National Sheriffs’ Association (NSA) has dropped its opposition to a cryptocurrency market structure bill scheduled for a vote later this month when the US Senate returns to session.

In a Thursday letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, the US law enforcement group said that it was changing its position on the Digital Asset Market Clarity (CLARITY) Act to “neutral.” The NSA cited the “significant work undertaken by Congress, the Administration, and stakeholders to navigate the many legal, regulatory, and enforcement considerations involved” in addressing the bill.

“At this time, we believe the most appropriate course is to step back and allow the legislative process to proceed to establish a clear, effective, and much needed regulatory framework,” said NSA president Troy Wellman and CEO and executive director Justin Smith.

The NSA previously expressed opposition to provisions in the CLARITY Act, saying it had “significant concerns” about amendments to exempt crypto mixers from many registration requirements. According to the group, the provision could “[impair] law enforcement’s ability to trace transactions and digital assets, and recover victims’ money.”

“The CLARITY Act protects the crypto industry, not the public,” said Sheriff Jim Skinner in a July video from the NSA.

Related: Rushed CLARITY Act vote could set legislation back, Gallego warns

Passed by the US House of Representatives in July 2025, the CLARITY Act has faced several hurdles since it was sent to the Senate for consideration. Although the Senate agriculture and banking committees passed their versions of the bill in 2026, many interest groups and lawmakers continue to raise concerns about aspects of the legislation, including stablecoin rewards, tokenized equities and potential conflicts of interest from President Donald Trump and his family. 

Before breaking in August, Thune filed a motion to hold a cloture vote on the bill on Sept. 15 after senators return from state work periods. 

US regulators to move forward without CLARITY?

In August, Trump stood alongside the heads of the US Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC) and several digital asset companies to push for passage of CLARITY. SEC Chair Paul Atkins and CFTC Chair Michael Selig — both nominated by Trump — have signaled that their agencies would address crypto regulation if Congress were unable to pass the market structure bill.

Magazine: Token buybacks are booming. But are they good for crypto projects?

Southeast Asia’s crypto funding rebounds to $680 million as investors focus on mature firms

0

Blockchain investment in Southeast Asia in 2026 has been led by crypto financial services, though funding remains heavily concentrated in Singapore and a handful of companies.

IMF confirms El Salvador’s bitcoin growth was funded by private donations, not public money

0

The IMF confirmed that all bitcoin added to official holdings since June 2025 was sourced from private donations, with no public funds used for accumulation.

Bitcoin clears $81,000 as privacy coins lead a broad crypto rally

0

BTC pushed through the level that capped it in late August, while zcash gained 16% and dash 19%.

U.S. Sheriff’s association shifts opposition stance to Clarity Act to 'neutral'

0

The law enforcement association said it has pivoted its position regarding the Clarity Act to neutral, months after it warned against a law it said would shield crypto crime.

FinCEN Ties $13B in Crypto Scams to Non-US Operations

0

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.

All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.

From warning to listing: UK’s largest retail investment platform opens access to crypto ETNs

0

The U.K.’s largest retail investment platform, Hargreaves Lansdown, has reversed course following the FCA’s decision to lift its retail ban on crypto ETPs in October.

AMC CEO tells Robinhood to stop issuing stock token as industry executives weigh in

0

Adam Aron said synthetic AMC shares could divert demand from the actual stock and strip investors of shareholder rights, drawing support from some tokenization executives.

Kalshi Traffic Jumps 1,520% as Market Share Expands

0

Major prediction market platform Kalshi has seen its US web traffic explode over the past year, underscoring the platform’s rapid growth while regulators and courts scrutinize its expanding event-contract business.

Kalshi recorded 15.4 million visits from the United States in July, up about 1,520% from just under 1 million in August 2025, according to Similarweb traffic estimates reviewed by Cointelegraph on Friday.

US traffic accounted for nearly 80% of Kalshi’s traffic in July, up from 72.8% in August 2025, showing that its growth has remained heavily concentrated in the country.

The surge comes as Kalshi faces mounting legal challenges over whether its sports contracts fall under federal oversight or state gambling laws, with New Jersey taking the dispute to the US Supreme Court.

Trading volume outpaces traffic growth

Kalshi’s surge in web traffic has come alongside even faster growth in trading activity, as prediction markets have expanded rapidly over the past year.

Kalshi recorded about $40 billion in monthly notional trading volume in August, up from $874 million a year earlier, an increase of roughly 4,500%, according to a Dune Analytics prediction market data dashboard.

Source: Dune Analytics

Across the prediction-market industry, monthly notional volume rose to $50.7 billion from about $2 billion over the same period, with Kalshi accounting for nearly 79% of the latest total.

Related: Michigan authorities continue pursuit to block Kalshi as Supreme Court fight looms

Sports contracts accounted for 83% of Kalshi’s trading volume in July, Barron’s reported Thursday.

Kalshi draws growing traffic from restricted jurisdictions

Canada generated about 450,000 visits to Kalshi’s website in July, up from roughly 50,000 in August 2025, while UK traffic increased to 296,000 from 31,000.

Both Canada and the UK are among the jurisdictions where Kalshi’s member agreement currently prohibits users from directly accessing or trading on Kalshi’s platform. Kalshi partnered with Canadian financial services company Wealthsimple in June to provide access to nearly 4,000 eligible Kalshi contracts through a separate app.

Kalshi website traffic by country in July 2026 and August 2025. Source: Similarweb

From August 2025 to July 2026, Canada’s share of Kalshi’s traffic slipped to 2.3% from 3.8%, while the UK’s share fell to 1.5% from 2.4%, even as visits from both countries increased.

Cointelegraph contacted Kalshi for comment on the traffic from restricted jurisdictions but had not received a response by publication.

Magazine: BTC will hit $1M by 2030… but Arthur Hayes is buying ETH instead

Zcash jumps 20% to landmark $1,000 level as short sellers lose $34 million

0

ZEC briefly traded above $1,020 as a sharp rally forced traders betting against the token out of leveraged positions.