$XRP
StableSnapshot Window: 2026-07-14 22:30 UTC · ← Back to Crypto Overview
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Japan advances bitcoin and crypto ETFs. Upper House committee passes bill reclassifying bitcoin and crypto as financial instruments, enabling spot ETFs as early as 2027. Gains taxed at flat 20% down from up to 55%.
Which date is the cryptocurrency market focused on? US Senator Cynthia Lummis shared the latest developments regarding the Clarity Act in a program she participated in. Cynthia Lummis: "In the next few weeks, Senator John Thune will make his final decision on which week to [Spoken audio]: weeks. Senator Thune will make the final decision about which week to bring clarity to the floor. We're voting today on the motion to proceed to the National Defense Authorization Act. And as you know, we've got issues with Save America to deal with and other things as well. But Senator Thune is well aware of the importance this bill provides for market stability for digital assets, so I think he'll schedule it this four-week period. Yeah, I mean, you make a great point because Congress is back in Washington now for what is really the final stretch of legislative days ahead of the August recess and even the midterm elections. I mean, this is your last meaningful legislative window before the August recess and the midterm campaigns really take center stage. And of course, we're all still reeling over the sudden passing of South Carolina Senator Lindsey Graham. I want to give you my condolences. I know that you were a friend of Lindsey Graham, and it was a complete shock, but you've got this uphill climb with critical legislation to pass. You mentioned the NDAA, Appropriations Bill, Save America Acts, Potential Third Reconciliation Bill. And now, of course, clarity. The Democrats want Republicans to go on the record to reject ethnic standards that would apply to President Trump and to Congress. It's not clear if there is 15 GOP senators willing to take that vote. Can you give us some color on that? Yeah, we've continued to work on ethics language that the Congress has to live under and the president has to live under. So some of the issues are things like, can a state attorney general sue an elected official? answer is absolutely not. And we're going to continue with that position, try to convince our colleagues that that's patently unfair for a state attorney general to sue a federal elected official from their state or another state over digital assets. You know, blind trusts are certainly on the table. And when we finally come to the language that Both the Congress can live with and the White House can live with. I think it's going to be a decent balance and something fair. You know, Maria, we can't just legislate for one person. The president made his money on digital assets before he took the oath of office. So we have to make sure that people, when they are private citizens, can retain their rights to make money and use their intellectual prowess to make money in this country. That's not wrong. In fact, that's kind of the great American capitalist premise. So that's what we're going after. And we have to remember that on the side of stock trading, we've been very willing to let members of Congress, Nancy Pelosi, for example, make money while she was in office off that asset. So we have to be fair. We have to find that balance on what elected officials can do before they're elected, after they're elected, and while they're serving. Yeah. This is a very important analysis that you're making, but, Senator, don't you believe that if there were any limits in this bill on President Trump's crypto endeavors, he'll veto the bill. Well, and if it's targeted towards him, I don't blame him. Yeah. This needs to be something that will withstand the test of time. This bill isn't in effect only while President Trump holds the office of the president. We need to be looking at it blindly in terms of who is occupying the office of president and sitting in the Congress while we do fair ethics disclosures.