Clarity survives (barely), Strategy sells and the untold story of Mastercard's $1.8 billion deal: Crypto's week in 5 stories
Crypto legislation in the U.S. faces delays as the Digital Asset Market Clarity Act missed its August window. Meanwhile, the SEC is struggling to implement innovation exemptions due to pressure from the White House and Wall Street.
Why it matters
The regulatory uncertainty continues to impact how digital assets are integrated into the broader U.S. financial market structure.
Add in a major hardware-wallet security scare and a $1.5 billion hack that landed North Korea in U.S. court, and a theme emerged: Crypto is being tested as it enters its grown-up era.
Here are five stories that defined the week.
The Digital Asset Market Clarity Act missed the Senate’s August window, but the crypto market structure legislation will get another shot after lawmakers return in September.
The industry had been hoping for a procedural vote before the congressional recess and reacted angrily when one didn’t materialize. CoinDesk’s State of Crypto analysis made the case that waiting may have been preferable to forcing a vote without enough support and watching the bill fail.
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