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The White House announced the establishment of an independent committee responsible for overseeing the implementation of the artificial intelligence agreement and receiving reports from the operational control team as well as internal and external auditors and evaluators.

According to CNBC, James Comer, the chairman of the House Oversight Committee and a Republican Congressman from Kentucky, is expanding the investigation into insider trading in prediction markets and is requesting three online platforms to explain their measures to combat related activities.In a letter sent on Tuesday, Comer requested documents and information from the CEOs of Hyperliquid Labs, Crypto.com, and Aristotle Exchange Inc., which owns the PredictIt platform, asking them to clarify their identity verification procedures and how they identify and prevent insider trading on their platforms.Comer stated, "As online prediction platforms continue to evolve and become more mainstream, some bad actors are betting using non-public information, making thousands of dollars. The House Oversight Committee is investigating whether these platforms are fulfilling their legal obligations and taking sufficient measures to identify and prevent insider trading before it occurs."

According to CoinDesk, French Hill, the chairman of the U.S. House Financial Services Committee, stated that tokenization has shifted from being viewed as a "futuristic" concept during the discussions of FIT21 and the CLARITY Act to a reality that is happening in real-time.He said, "We may really be tokenizing an asset like a real security— in fact, we are doing that right now."

According to Ledger Insights, the latest statistics on bank cryptocurrency activities for the second half of 2025 released by the Basel Committee on Banking Supervision (BCBS) show that the overall prudent exposure of banks remains flat, but the composition of assets has changed significantly.In the Americas, the proportion of BTC in bank cryptocurrency exposure dropped sharply from 75.8% to 44.2%, while ETH rose to 38.5%, and SOL and XRP accounted for 7.8% and 5.6%, respectively. Other regions have shifted more towards stablecoins. Customer-related activities grew significantly, with a 93% increase in the Americas to 6.4 billion euros, while Europe saw a 25% decrease to 1.9 billion euros.

Democratic members of the U.S. Senate Banking Committee sent a letter to the committee's chairman, Republican Senator Tim Scott, calling for a congressional hearing on prediction markets. The Democrats stated in the letter that the committee has a "critical oversight responsibility" in regulating prediction markets and emphasized that Congress should examine prediction markets through public hearings on a bipartisan basis, rather than in closed-door roundtable meetings limited to Republicans and industry-friendly discussions. Senators including Elizabeth Warren signed the letter.On the same day, Republican members of the Senate Banking Committee met with Tarek Mansour, CEO of the prediction market platform Kalshi. Scott stated in a statement to The Block that he convened Republican lawmakers to meet with Kalshi to better understand the opportunities and challenges presented by securities-linked products. The two sides discussed keeping innovation within the United States, how investors use these products, protecting retail investors, and regulatory issues that Congress should address. Kalshi did not immediately respond to a request for comment.Currently, the U.S. Commodity Futures Trading Commission (CFTC) advocates for a leading role in the regulation of prediction markets but faces opposition from various states, which claim jurisdiction over sports event contracts. The Senate Banking Committee, on the other hand, has jurisdiction over the SEC and is responsible for regulating "securities-linked products" related to prediction markets. Democrats pointed out that the bets offered by such products, which are linked to company performance metrics, may fall under the SEC's regulatory scope. It has been reported that Cboe Global Markets is seeking SEC approval for its listing of "all-or-nothing options" linked to company earnings results.

The U.S. House Financial Services Committee passed the amended H.R. 8957, the U.S. Reserve Modernization Act, with a vote of 28 to 21, aiming to incorporate the U.S. strategic Bitcoin reserve and digital asset reserve program into federal law. The bill proposes that Bitcoin legally held by the federal government and without other statutory purposes must be held for at least 20 years from the effective date of the bill, during which it cannot be sold, exchanged, auctioned, pledged, or disposed of in any other way.The bill still needs to be passed by the House, the Senate, and signed by Trump. The bill also requires the Treasury Department to establish relevant reserves within 180 days of its enactment and to publish an annual reserve certification report covering holdings, transactions, and private key control. The Treasury Department and the Department of Commerce will study legal and budget-neutral ways to increase Bitcoin holdings, but this provision does not authorize direct purchases.

On Wednesday, the U.S. House Financial Services Committee advanced the American Reserve Modernization Act (H.R. 8957) with a vote of 28 in favor and 21 against. All 28 votes in favor came from Republicans, while all 21 votes against came from Democrats. The bill requires the Treasury Department to establish a Bitcoin strategic reserve and digital asset reserve within 180 days and mandates federal agencies to report their held assets within 60 days.The Bitcoin included in the reserve cannot be sold, exchanged, auctioned, or mortgaged for 20 years. The revised text removes provisions for purchasing more Bitcoin using Federal Reserve funds, gold certificates revaluation, and tariff revenue, adjusting the frequency of reserve proof reporting from quarterly to annually. The bill does not authorize the purchase of Bitcoin but only requires the Treasury and Commerce Departments to study acquisition plans with no cost to taxpayers.

The House Committee on Ways and Means passed the "Digital Asset Tax Clarification Act" with a vote of 38 in favor and 5 against, establishing the first federal tax framework for digital assets. The bill sets a threshold for taxation, stating that cryptocurrency transactions with network or transaction fees not exceeding $10 are exempt from taxes, but this exemption does not apply to service providers conducting transactions on behalf of others, and the relevant provisions will not take effect until December 2027.The bill also requires the Treasury Department to establish a voluntary disclosure program for digital assets within 12 months of the bill's enactment, allowing eligible taxpayers to amend previous filings and settle owed taxes, interest, and penalties. The bill specifies that income from mining and staking will be taxed as ordinary income, while allowing certain investment trusts to stake without affecting their tax status. The previous version included an option for deferred income recognition, but that provision has been removed, and the issue of income recognition timing remains unresolved.Committee Chairman and Republican Congressman Jason Smith called it a historic moment for the committee. This vote took place the day after the Senate's procedural vote on the "Clarity Act" failed (49 votes to 50), with Democrats opposing the bill mainly due to ethical concerns raised by Trump's cryptocurrency interests. The House will recess until after the November elections, and the bill may advance during the lame-duck session, with public attention shifting to the Senate Finance Committee.

The U.S. House Financial Services Committee plans to review H.R. 8957, the "2026 U.S. Reserve Modernization Act," on September 16, 2026 (Wednesday), and the bill will enter the committee voting process.The bill was introduced by Congressman Nick Begich, with Jared Golden as the only Democratic co-sponsor. It aims to establish a strategic Bitcoin reserve at the U.S. Department of the Treasury and create a separate digital asset reserve for non-Bitcoin assets. The bill stipulates that Bitcoin obtained through confiscation will be included in the reserves, and funds from the sale or exchange of non-Bitcoin assets can be used to purchase more Bitcoin or pay off national debt. The Treasury and Commerce Departments will also explore strategies to acquire more Bitcoin in a budget-neutral manner over the next five years, with provisions explicitly stating that funding for purchases cannot come from borrowing, new taxes, or deficit spending. The committee's review is scheduled to begin at 10:00 AM Eastern Time on Wednesday.

The U.S. House of Representatives' fundraising committee is scheduled to review a series of digital asset tax legislation on September 16, advancing the crypto tax bill toward a full House vote. This review focuses on two core issues: when miners and stakers should pay taxes on newly created tokens, and whether the wash sale rules applicable to stocks should cover digital assets.The two key bills are the "Mining and Staking Tax Clarification Act" H.R. 9175 and the "Applying Existing Tax Anti-Abuse Rules to Digital Assets Act" H.R. 9172. The former stipulates that miners and stakers do not need to pay taxes immediately upon receiving new tokens but can wait until the tokens are actually sold to pay taxes as ordinary income; the latter extends wash sale and constructive sale rules to actively traded digital assets, closing tax loopholes that crypto traders have exploited for years.

The Watchdog Committee of the Arbitrum ecosystem (composed of Entropy Advisors and others) submitted a proposal to the governance forum on September 3, requesting a permanent ban on the projects Good Entry, Limitless, and APX Finance, as well as their founders, prohibiting their participation in all future ArbitrumDAO initiatives. The committee determined that these three projects engaged in grant abuse within the STIP and LTIPP incentive programs, involving a total amount of 457,553 ARB (approximately $76,000).Specifically, Good Entry received 200,000 ARB in the first round of STIP, of which 142,839 ARB flowed to 1,032 ineligible users, and there is evidence of self-farming by associated addresses, with the team refusing to cooperate with the investigation; Limitless exchanged all 75,000 ARB for USDC and cross-chain to Base, being classified as suspected theft; APX Finance was approved for 525,000 ARB, of which 239,714 ARB involved issues related to funds being held in the treasury, delayed distribution, and witch cluster problems. APX later merged with Astherus and rebranded as Aster, with approximately 70% of its assets located on the BNB Chain.According to the proposal, the three projects may defend themselves in the forum post before September 10. If the explanations are not accepted and the funds are not returned, the committee will initiate three separate Snapshot votes to decide whether to permanently ban the relevant projects and founders.

Echo Base is an institution focused on stabilizing digital asset companies, assisting in the formation of the BitMart Creditors' Committee, representing users holding frozen assets, and hiring legal advisors to evaluate recovery plans, including applying for bankruptcy proceedings without financial support. Echo Base had proposed a funding plan of up to $10 million to support BitMart in submitting a pre-negotiated bankruptcy application, but received no response from BitMart.Echo Base stated that the relevant actions stem from BitMart's failure to respond to the restructuring proposal and user withdrawal requests. Sonn Law Group has initiated an investigation for users with frozen assets of $500,000 or more at BitMart, assessing potential claims and asset recovery plans. Echo Base CEO Roshan Dharia stated that BitMart's employee plan can only sustain operations until January 2027, and the longer the delay, the fewer viable options there will be.

Polish Olympic Committee President Radosław Piszczek was arrested on Thursday, suspected of receiving kickbacks from the cryptocurrency platform Zondacrypto during the signing of a sponsorship agreement. Polish Sports Minister Jakub Rudnicki confirmed the arrest on the X platform, stating, "Such a person should not hold the position of President of the Polish Olympic Committee; Piszczek has brought shame to Polish sports." Interior Minister Marcin Kwiatkowski referred to him as "a symbol of extreme corruption plaguing the Olympic movement."According to the investigation, Piszczek facilitated the sponsorship agreement between the Polish Olympic Committee and Zondacrypto in October 2025, which promised cryptocurrency rewards to medalists of the 2026 Milan-Cortina Winter Olympics. The Polish government accused Zondacrypto of having ties to nationalist opposition groups, organized crime, and Russian intelligence agencies, estimating that the platform's collapse caused losses of about 350 million zlotys (approximately 80 million euros), affecting around 30,000 people. The Interior Minister described Zondacrypto as "essentially a Ponzi scheme."Media investigations also revealed that Piszczek received a Patek Philippe watch worth approximately 40,000 euros from Zondacrypto CEO Przemysław Kral, who claimed the watch was purchased out of his own pocket. Kral is currently cooperating with prosecutors in hopes of a reduced sentence. Zondacrypto was founded by Sylwester Sucheck in 2014, who went missing in 2022, with Kral taking over his position. The Polish prosecutors launched an investigation in April of this year, and most Polish sports federations subsequently called for Piszczek's resignation.

According to South Korean media NATE, Dunamu, the parent company of South Korean cryptocurrency exchange Upbit, responded to rumors of a U.S. listing, stating that the company has indeed been in contact with the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), but has not yet confirmed a U.S. listing and has not converted its financial statement accounting standards to U.S. Generally Accepted Accounting Principles (US GAAP).Dunamu stated that it had previously only compared and understood the differences between Korean accounting standards and US GAAP, and is currently planning to complete a share exchange with Naver Financial by December 31. After the transaction is completed, both parties plan to establish an IPO committee and promote the listing within a year, but the specific country and market for the listing have not yet been determined. Market analysts believe that if a U.S. listing ultimately occurs, Dunamu and Upbit's Korean legal entity and existing business will remain unchanged, and it is expected that they may adopt the American Depositary Receipt (ADR) method.

The Central Cybersecurity and Informatization Commission issued the "Action Plan for Promoting High-Quality Development of Internet and Information Enterprises (2026-2030)."It mentions strengthening the construction of cyber rule of law. Actively carry out forward-looking research on legislation in the field of internet and information. Accelerate the legislative process in emerging areas such as artificial intelligence, anti-cyber violence, digital economy, online platforms, and blockchain.Promote the revision of the "Internet Information Service Management Measures," improve the legal system for internet information service management, "self-media" management, and algorithm governance. Advance the formulation of the Telecommunications Law, Cybercrime Prevention Law, and Cybersecurity Level Protection Regulations, and improve the supporting regulations for the "Regulations on the Protection of Minors Online" and "Regulations on the Management of Cyber Data Security."Standardize administrative inspections involving internet and information enterprises, minimizing interference with the normal production and operational activities of internet and information enterprises. Improve supervision and law enforcement measures that adapt to the new characteristics of internet development governance, and severely crack down on illegal and irregular activities online.

The first meeting of the U.S. CFTC Innovation Advisory Committee (IAC) will be held on August 20 from 1:00 PM to 4:00 PM Eastern Time, which is August 21 from 1:00 AM to 4:00 AM Beijing Time.The meeting is mainly divided into three parts: the first part discusses the transition of cryptocurrency regulation from "uncertainty to clarity," including the absence of federal market structure, fragmentation of state-level licenses, overlapping regulatory authorities, enforcement-style regulation, and how to improve regulatory clarity under existing statutory authorities; the second part discusses the application of AI in trading, compliance, monitoring, risk management, and "Agentic Finance," and clarifies the intersection of cryptocurrency and AI; the third part focuses on prediction markets and event contracts, discussing federal and state regulatory authorities, state-level litigation and enforcement, market manipulation, customer protection, and long-term regulatory frameworks. CFTC Chairman Michael S. Selig, IAC Chairman Walt Lukken, and designated federal official Michael J. Passalacqua will deliver opening remarks.

The U.S. Commodity Futures Trading Commission (CFTC) has announced the agenda for the inaugural meeting of the Innovation Advisory Committee (IAC). The committee will hold its first meeting on August 20, focusing on regulatory issues in emerging areas such as crypto assets, artificial intelligence, and prediction markets.CFTC Chairman Michael S. Selig stated that the U.S. has long been a global center for financial innovation and hopes to explore how emerging technologies and financial products can drive market development through discussions with innovative entrepreneurs, researchers, and industry builders, and to jointly explore the "new frontiers of finance." The meeting will be live-streamed on the CFTC official website. Committee members and attendees will discuss topics such as the regulatory framework for digital assets, the impact of AI technology on financial markets, and the development of prediction markets. The public can submit relevant opinions by August 27, and these opinions will be publicly released through the U.S. Federal Regulations website Regulations.gov. The CFTC indicated that the meeting agenda may be adjusted based on the committee's subsequent focus.The Innovation Advisory Committee aims to provide the CFTC with recommendations on emerging technologies, financial products, and trends in market innovation, covering important areas such as digital assets and artificial intelligence that may influence the structure of future financial markets.

Hyperliquid Policy Center issued a statement, and HPC attended the CFTC Agricultural Advisory Committee meeting, submitting a formal statement. The statement revolves around three points: first, agricultural end users need diversified market choices, and the historical ban on agricultural options has proven to be overly restrictive; second, the CFTC's phased approach to perpetual contracts is the correct path, and end user demand should drive the adoption of new derivatives; third, public blockchains contribute to modernizing clearing and settlement infrastructure, while enhancing collateral liquidity and preserving the market integrity protection mechanisms of the Commodity Exchange Act.HPC stated that it will continue to collaborate with the agricultural community to promote the regulatory implementation of perpetual contracts in the U.S. market.