Crypto News Today: CLARITY Act Odds Slide to 38%, Jack Mallers Resigns, Bitcoin Quantum Push Gets Backing

Last Updated: July 25, 2026

Today’s Top Stories

• Senate Democrats blast CLARITY Act ethics text. Senate Banking Committee Minority Staff, led by Elizabeth Warren, released a fact sheet on July 24 criticizing the Republican ethics-compromise language released July 22, arguing it does “nothing to prevent” officials from further crypto profits. The bill’s practical deadline has slipped to the Senate’s early-August recess.
• LayerZero retires 20 low-activity chains. LayerZero will phase out support for 20 blockchains between July and September; users are urged to bridge assets out before individual deadlines to avoid losing access to funds.
• CFTC extends Kraken derivatives relief to August 2027. The regulator extended its non-enforcement letter for Kraken’s derivatives exchange, giving the platform runway to weigh partnerships or a possible sale while it works toward formal contract-market status.
• Robinhood in talks with Crypto.com over prediction contracts. Robinhood is reportedly exploring adding Crypto.com’s prediction markets to its platform, joining existing partners Kalshi, ForecastEx, and Rothera.
• Crypto.com hits $20 billion valuation. A $400 million investment from Citadel Securities values Crypto.com at $20 billion, with the exchange planning expansion into tokenized securities and derivatives.
• EU sanctions package targets offshore crypto platforms aiding Russia. The new sanctions bar transactions with 14 foreign crypto service platforms and create a legal mechanism to block third-country providers assisting Russian sanctions evasion.
• Ripple boosts RLUSD with new minting platform and compliance integration. Ripple launched an institutional RLUSD minting platform and added the stablecoin to Notabene’s compliance network; holder growth rose even as monthly transfer volume fell to $10.95 billion.
• Dango Crypto to shut down July 29. The platform will halt operations and close out positions at oracle prices, becoming the latest smaller trading venue to exit the market.

Market Snapshot

Total crypto market cap fell 1.1% to $2.28 trillion as fresh Trump tariffs on 60 nations and Iran-linked military tension pushed oil toward $88.60 and dragged both equities and crypto lower. Bitcoin traded near $64,065, Ethereum near $1,861 — one of the few majors in the green today. Full price breakdown: crypto market today.

Regulatory Watch

The CLARITY Act remains the top regulatory story. Beyond Warren’s fact sheet, the bill faces unresolved disputes over Section 604 (law-enforcement access concerns raised by the National District Attorneys’ Association), federal preemption, and stablecoin yield rules. Coinbase CEO Brian Armstrong has publicly endorsed the bill, while the White House Crypto Council secured its first law-enforcement endorsement from the National Organization of Black Law Enforcement Executives — but the ethics dispute remains the binding constraint on 60 votes.

For asset-specific coverage, see Bitcoin news today, Ethereum news today, XRP news today, Dogecoin’s price page, Zcash news today, and HBAR news today. For the full price picture, see crypto market today; for why the CLARITY Act matters for prices, see why is crypto down today.