Aug 7, 2026 · 7 min · 9 segments
Today's blockchain and crypto news Bitcoin is up slightly at $64,947 Ethereum is up slightly at $1,914 BNB is up slightly at $591 reviewing bipartisan ethics language tied to the Clarity Act…
Well, President Donald Trump is reviewing bipartisan ethics language tied to the Clarity Act that would require him to divest from crypto-related businesses, a move Bloomberg reports could also let him defer federal taxes on those gains for years or potentially indefinitely, creating millions of dollars in taxes.
potential tax savings.
Senators sent the proposal last week and the provision has become central to securing Democratic support for what would be the first comprehensive federal crypto regulatory framework.
The latest proposal would also allow state attorneys general to enforce the ethics rules, reversing an earlier version that gave sole enforcement authority to the Justice Department.
The Senate faces a tight timeline, with lawmakers scheduled to leave Friday for a month-long recess and attention likely shifting toward the November elections afterward.
Crypto market maker Wintermute has registered its New York-based subsidiary Wintermute USA as a broker-dealer with the SEC and FINRA, allowing it to expand beyond cryptocurrency.
The firm can now provide liquidity to U.S. securities exchanges and over-the-counter counterparties, trade stocks and options for its own account, self-clear digital asset securities transactions, and act as an authorized participant for exchange-traded products, including those tied to digital assets.
CEO Evgeny Gaivoy said the move reflects Wintermute's view that crypto and traditional finance will increasingly converge, particularly as tokenization expands.
The SEC has generally supported blockchain experimentation, but has emphasized that putting securities on-chain does not exempt them from existing securities laws and that many tokenized securities activities require proper licensing.
Wintermute has already expanded into market making for tokenized gold and prediction markets this year.
While a Michigan federal judge denied Coinbase's request for a preliminary injunction that would have blocked the state from enforcing gambling laws against its planned sports event contracts, ruling that the exchange failed to show federal law likely preempts Michigan's authority, Coinbase sued Michigan in December 2025, arguing prediction markets fall exclusively under the Commodity Futures Trading Commission and that state regulation conflicts with the Federal Commodity Exchange Act, particularly as it seeks to offer Michigan customers event contracts.
U.S. District Judge Shalina Kumar rejected those arguments, finding Coinbase had not established that sports event contracts qualify as swaps under federal law or that complying with both federal and Michigan law would be impossible, dismissing its claims as applesauce and noting that added cost or difficulty does not make compliance impossible the case is part of a wider fight over prediction market regulation coinbase has also sued illinois and connecticut arguing prediction markets are fundamentally different from sportsbooks while the cftc has separately sued nine states as it pushes for federal control of the sector Well, the mother of late Ando finance founder Nathan Allman is seeking control of the company and the removal of the current CEO and president, alleging in a Delaware court filing that he improperly assumed leadership after her son's death without board approval.
She argues that as representative of Nathan's estate, that she controls a majority voting interest and had authority to reconstitute Ando's board.
After being appointed a state representative in late June, she named herself sole director, and expanded the board.
The complaint also alleges the CEO used company resources to pressure her into signing documents supporting his control and that Ondo refused to provide a shareholder list.
The CEO called the allegations meritless, said the current leadership retains support from key stakeholders, lead investors, and the Ondo Foundation, and continues to identify himself as CEO.
Well, President Donald Trump is reviewing bipartisan ethics language tied to the Clarity Act that would require him to divest from crypto-related businesses, a move Bloomberg reports could also let him defer federal taxes on those gains for years or potentially indefinitely, creating millions of dollars in taxes.
potential tax savings.
Senators sent the proposal last week and the provision has become central to securing Democratic support for what would be the first comprehensive federal crypto regulatory framework.
The latest proposal would also allow state attorneys general to enforce the ethics rules, reversing an earlier version that gave sole enforcement authority to the Justice Department.
The Senate faces a tight timeline, with lawmakers scheduled to leave Friday for a month-long recess and attention likely shifting toward the November elections afterward.
Crypto market maker Wintermute has registered its New York-based subsidiary Wintermute USA as a broker-dealer with the SEC and FINRA, allowing it to expand beyond cryptocurrency.
The firm can now provide liquidity to U.S. securities exchanges and over-the-counter counterparties, trade stocks and options for its own account, self-clear digital asset securities transactions, and act as an authorized participant for exchange-traded products, including those tied to digital assets.
CEO Evgeny Gaivoy said the move reflects Wintermute's view that crypto and traditional finance will increasingly converge, particularly as tokenization expands.
The SEC has generally supported blockchain experimentation, but has emphasized that putting securities on-chain does not exempt them from existing securities laws and that many tokenized securities activities require proper licensing.
Wintermute has already expanded into market making for tokenized gold and prediction markets this year.
While a Michigan federal judge denied Coinbase's request for a preliminary injunction that would have blocked the state from enforcing gambling laws against its planned sports event contracts, ruling that the exchange failed to show federal law likely preempts Michigan's authority, Coinbase sued Michigan in December 2025, arguing prediction markets fall exclusively under the Commodity Futures Trading Commission and that state regulation conflicts with the Federal Commodity Exchange Act, particularly as it seeks to offer Michigan customers event contracts.
U.S. District Judge Shalina Kumar rejected those arguments, finding Coinbase had not established that sports event contracts qualify as swaps under federal law or that complying with both federal and Michigan law would be impossible, dismissing its claims as applesauce and noting that added cost or difficulty does not make compliance impossible the case is part of a wider fight over prediction market regulation coinbase has also sued illinois and connecticut arguing prediction markets are fundamentally different from sportsbooks while the cftc has separately sued nine states as it pushes for federal control of the sector Well, the mother of late Ando finance founder Nathan Allman is seeking control of the company and the removal of the current CEO and president, alleging in a Delaware court filing that he improperly assumed leadership after her son's death without board approval.
She argues that as representative of Nathan's estate, that she controls a majority voting interest and had authority to reconstitute Ando's board.
After being appointed a state representative in late June, she named herself sole director, and expanded the board.
The complaint also alleges the CEO used company resources to pressure her into signing documents supporting his control and that Ondo refused to provide a shareholder list.
The CEO called the allegations meritless, said the current leadership retains support from key stakeholders, lead investors, and the Ondo Foundation, and continues to identify himself as CEO.
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