The Senate has entered what could be its final practical window to advance the CLARITY Act this year, with a merged draft expected as early as next week before lawmakers run out of time ahead of the August recess.

According to a CoinDesk report, Senate negotiators are preparing updated legislative text that combines proposals from the Senate Banking and Agriculture committees into a single version of the crypto market structure bill.

The report said the draft is expected to add more than 70 pages of new material and place stronger focus on consumer protections alongside revisions negotiated over recent weeks.

With the Senate targeting possible floor action during the week of July 20, the legislative calendar has become increasingly compressed. Debate on the bill could take several days, leaving lawmakers with only a narrow period before the chamber begins its summer recess and attention turns toward the fall midterm campaign season.

The CLARITY Act would establish a federal framework for digital asset markets by defining how regulatory authority is divided between the Securities and Exchange Commission and the Commodity Futures Trading Commission.

While the House approved its version of the legislation with bipartisan backing in 2025, the Senate has continued negotiating key provisions before bringing the measure to a vote.

Democratic support remains the biggest hurdle

Despite progress on the draft, the legislation still lacks the bipartisan backing needed to clear the Senate’s 60-vote threshold. According to CoinDesk, Democratic support remains uncertain as negotiations continue over several unresolved issues.

One of the largest sticking points is an ethics provision backed by Democratic lawmakers. The proposal would prevent senior government officials, including the president, from maintaining business interests connected to the cryptocurrency industry. Several senators have indicated they cannot support the final bill unless an agreement is reached on those restrictions.

CoinDesk also reported that the ethics debate is only one part of a broader negotiation. Outstanding issues still include Senate Agriculture Committee concerns, law enforcement requests involving legal protections for decentralized finance developers, and disagreements over stablecoin yield provisions.

Another section expected to receive fresh attention is federal preemption, which determines how much authority individual states would retain after a nationwide crypto regulatory framework takes effect.

Separately, staffing at the SEC and CFTC has become part of the broader political discussion surrounding the legislation. As crypto.news previously reported, the Trump White House rejected claims that it was refusing to nominate Democratic commissioners to either agency.

In a letter sent to Senate Majority Leader John Thune and Senate Democratic Leader Chuck Schumer, the administration said it had already requested suitable Democratic nominees for both regulators but had not received any names.

Final negotiations continue before Senate debate

The appointments dispute has added another layer to negotiations because both the SEC and CFTC would receive expanded responsibilities if the CLARITY Act becomes law. As crypto.news previously reported, lawmakers are already working against the Senate’s Aug. 7 recess, leaving limited time to finalize the legislation.

Meanwhile, the decentralized finance industry is watching whether the Blockchain Regulatory Certainty Act remains part of the package. The provision would prevent developers who do not control customer assets from being classified as money transmitters, and support from Senator Ron Wyden has been viewed by industry advocates as a positive development this week.

Although negotiators are expected to unveil the merged draft shortly, the report noted that the legislation remains unfinished. The White House has not signed off on the latest version or participated in the most recent negotiations, while enough Democratic votes have yet to be secured for Senate passage.

Even if senators approve the revised bill, the House would still need to pass the updated text before it can be sent to President Donald Trump’s desk, leaving several procedural and political hurdles before the CLARITY Act can become law.

The list of meme coins to buy usually comes with an open clock. This week it doesn’t. Bullski ($BULLSKI) opens stage one of its presale at 5pm UTC on Friday, July 10, and the run-up is short.

Until then, the one move that matters is free: claim a spot on the priority list through Bullski’s site so you enter stage one ahead of the public rush. Here’s what the window really is, what to do before Friday, and where the listed memes fit around the event.

What the Before-Friday Window Really Is

The window is short and specific. Bullski’s presale opens to the public at 5pm UTC this Friday, and the days before it are a reservation phase. Joining the free priority list holds your place so stage one starts with you already through the door.

That’s the entire trick to a launch with a hard date: the people who did the two-minute step early are the ones who buy at the opening price.

Myth: Buying before a launch means finding somewhere to buy the token early. Reality: there is nowhere to buy $BULLSKI before Friday, and any page that says otherwise is not Bullski. The move before Friday is the free reservation; the buying happens at stage one, once the presale is live.

The One With the Deadline

Bullski is the reason the deadline exists, and its numbers hold up under a clock. It’s an ERC-20 token on Ethereum with a fixed 120 billion supply, sold through a 16-stage presale where each stage prices higher than the last on the way to a $0.0025 listing reference. Stage one is the lowest rung on that ladder, and stage one is what opens Friday, July 10.

The checks are already in place, which matters more when a date is pushing you. The contract is verified on Etherscan, an audit is in process, and liquidity locks at launch. Staking starts with the first purchase, and a referral program pays holders for bringing people in.

A deadline with a paper trail behind it is a very different thing from a deadline alone.

The Listed Memes Around the Event

The big listed memes are context here, not competition. Dogecoin has traded through every cycle since 2013 and is still the category benchmark, though its supply keeps growing and its early window closed more than a decade ago. Shiba Inu built one of the largest holder communities in crypto.

Pepe proved in 2023 that a fresh meme coin can still run hard. All three are listed, which means you can buy them any day you like. None of them has a Friday.

The short window belongs to the coin that does.

Side by side, the split looks like this.

That leaves a short list between now and Friday.

• Set up an Ethereum wallet such as MetaMask and fund it with ETH or USDT for fees.

• Claim your priority spot now instead of at five minutes to five on Friday.

• Save the official Bullski links so launch day involves zero searching.

Watch Out: A ticking window is exactly when people skip their checks. The Friday date is real, but so are the fake pages that cluster around any launch drawing attention. Verify every link through Bullski’s official channels before you connect a wallet, however close to the deadline you get.

Beating the Window: Your Before-Friday Move

If the countdown has your attention, spend it in the right order. The reservation is the whole game between now and launch: it costs nothing, takes about two minutes, and decides whether you enter at the lowest stage price or wait behind the crowd that reserved earlier. Fund your wallet, then reserve your stage-one entry on the official site.

When the presale opens Friday evening UTC, priority holders step into stage one first, buy with ETH or USDT, and can stake their $BULLSKI straight away.

$250 USDT Giveaway: There’s one more free move before the window closes. Bullski’s Bullish by Default draw pays $250 USDT to one winner, picked at random, with no purchase needed. You can join the Bullski giveaway draw through the Telegram and X, and bringing a friend adds entries. Winners are announced only on the official channels, and the team will never ask for your wallet keys.

Meme Coins to Buy Before Friday FAQ

What meme coins should I buy before Friday?

Bullski is the one with an actual deadline attached: stage one of its 16-stage presale opens Friday, July 10 at 5pm UTC, and the free priority list is how you enter it first. DOGE, SHIB, and PEPE are the listed names around it, buyable any day. Do your own research before committing to any of them.

What can I actually do before the launch?

Three things. Claim your priority list spot, set up an Ethereum wallet with a little ETH or USDT, and save the official links so you’re not searching in a hurry on the day. There’s nothing to pay before launch; the buying starts at stage one.

What happens at 5pm UTC Friday?

Stage one of Bullski’s presale opens. Priority list holders enter first, buy $BULLSKI with ETH or USDT at the lowest price of the sixteen stages, and can stake right away. From there the presale climbs stage by stage toward its $0.0025 listing reference.

How do I reserve a stage-one entry?

Go to the official Bullski site and add yourself to the priority list; it takes moments. Then fund an Ethereum wallet and wait for July 10. When stage one opens, your reservation puts you ahead of the public queue.

For More Information

Website: Visit the official Bullski website at bullski.io

Telegram: Join the Bullski Telegram channel at t.me/BullskiCoinOfficial

X (Twitter): Follow Bullski on X at x.com/bullskicoin

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

Digital broker Robinhood’s new chain is off to a flying start, and the benefits are trickling to Ethereum-based network Arbitrum.

The native token of Arbitrum (ARB) jumped 19% over the past 24 hours, making it the best-performing asset in the top 100 cryptocurrency, according to CoinDesk data. Bitcoin BTC$63,214.70 edged 1.5% higher to trade above $63,000, while ether (ETH) was up 0.5% in an otherwise muted day.

The gains came as Robinhood Chain, built on top of Arbitrum’s technology stack and rolled out to the broader public a week ago, processed over $568 million in daily trading volume on Wednesday and logged over $350 million so far on Thursday, according to blockchain data from Entropy Advisors. Much of that activity was driven by a burst of memecoin trading, while stablecoin balances on the network also climbed quickly above $260 million within its first week.

The activity is translating into revenue for Arbitrum. Under the agreement, 10% of Robinhood Chain’s net protocol revenue flows back to the Arbitrum ecosystem, split between the DAO treasury and the Developer Guild.

Robinhood’s crypto push

Robinhood unveiled the chain at its London event last week as the centerpiece of a broader crypto push. The brokerage announced it would expand access to tokenized U.S. stocks to customers in more than 120 countries, launched a DeFi-powered savings vault offering yields through the lending protocol Morpho, and outlined plans to expand its crypto business into AI-powered trading and additional asset classes.

Coinbase Chief Legal Officer Paul Grewal is leaving the company after its high-profile, years-long legal fight with U.S. regulators, and the U.S. exchange also announced further changes to its senior leadership.

Grewal is departing to work at a startup, according to a Thursday announcement from Coinbase. Molly Abraham will now lead the company’s legal team as general counsel, and Ryan Van Grack will become vice chairman, in what’s anticipated to be a broader and more public-facing role.

“Leading Coinbase’s legal team through the biggest fight of our industry has been the single greatest achievement of my six-year tenure,” Grewal said in a statement. “Our legal wins helped ensure crypto not only had a future in this country, but could flourish.”

His statement continued on to say he would continue as an adviser to Coinbase, and would work on Coinbase’s trust charter work through the Office of the Comptroller of the Currency.

Abraham has been at Coinbase since March 2021, running multiple legal teams as the company’s vice president of legal. Prior to that, she was general counsel at an electric flying car startup, according to her LinkedIn.

Bitdeer Technologies Group shares rose sharply on Thursday after the Bitcoin mining infrastructure company said it will build a new manufacturing facility in Nevada. The project is designed to expand US production capacity for Bitdeer’s mining hardware and, according to the company, reduce dependence on third-party suppliers.

The stock climbed 14.1% to $14.33, wiping out much of an earlier selloff in the week. Even with the rebound, Bitdeer remains about 27% below its June high, though it is up roughly 26% year-to-date.

Key takeaways

• Bitdeer plans to build a Nevada manufacturing facility in Sparks to assemble its SEALMINER mining machines.
• The plant is expected to begin commercial production by the end of the year.
• Bitdeer says the facility includes production of key mining hardware components, potentially lowering reliance on external hardware sources.
• While competitors push into AI and high-performance computing, Bitdeer’s Nevada expansion is specifically focused on mining hardware.
• Bitdeer also reported mining output of 921 BTC in May, representing a 370% increase versus the prior year.

Why a Nevada manufacturing push matters

Bitdeer’s announcement centers on a new facility in Sparks, Nevada, intended to assemble its SEALMINER line of Bitcoin mining equipment. The company says the site will also produce major components used in the machines, with commercial production slated to start by the end of the year.

For investors and mining-industry watchers, the importance of this shift is straightforward: hardware supply and lead times are often pivotal to mining operations, particularly when market demand accelerates. By bringing more manufacturing in-house within the US, Bitdeer is positioning itself to better control key parts of its supply chain rather than relying entirely on external vendors.

The facility also signals a broader strategic bet—mining infrastructure companies are increasingly expected to compete not only on hashrate and operating costs, but on the ability to scale equipment production reliably.

Incentives and local partnership cited by management

According to remarks attributed to Bitdeer CEO Catherine Guo by local media, the company worked with Nevada Governor Joe Lombardo’s administration and local authorities to secure tax incentives, including a reduction in qualifying sales taxes, as part of its decision to establish operations in the state.

These kinds of incentives can materially change the economics of industrial expansion, especially for manufacturing-heavy projects with significant upfront capital requirements. They also help explain why some mining-related manufacturers prioritize certain jurisdictions—cost structures and time-to-production can be decisive when trying to scale.

Bitdeer stays on hardware while rivals diversify

Bitdeer’s Nevada facility comes as several large Bitcoin miners and mining-adjacent companies broaden their businesses into AI, high-performance computing, and related digital infrastructure. In those cases, access to power and data center infrastructure can make it easier to pivot toward compute-intensive services beyond mining.

However, Bitdeer’s plans for Sparks are explicitly tied to Bitcoin mining hardware production rather than a broader AI-focused overhaul. The company has reportedly expanded into AI cloud services and high-performance computing, but the new Nevada plant is intended specifically for manufacturing SEALMINER equipment and components.

This creates an interesting contrast within the sector. While some publicly traded miners are using their infrastructure footprint to chase contracts in the AI ecosystem, Bitdeer is emphasizing the practical bottleneck on the mining side: getting capable hardware built and delivered at scale.

Earlier coverage from Cointelegraph has highlighted how the AI pivot among Bitcoin miners faces investor scrutiny, including concerns around insider sales. Against that backdrop, Bitdeer’s more narrow manufacturing focus may appeal to investors looking for tangible supply-chain expansion inside the core mining industry.

Output update underscores the company’s operating momentum

Alongside the manufacturing announcement, Bitdeer also provided a production update stating it mined 921 BTC in May. The company said this represented a 370% increase compared with the previous year.

That matters because new manufacturing capacity typically takes time to translate into higher throughput. In the meantime, investors often look for evidence that operations are already improving—either through added capacity, better utilization, or improved efficiency. Bitdeer’s May output increase offers some near-term confirmation that the company’s mining business is not only expanding on paper but also generating stronger results.

Even so, the market reaction to Thursday’s news suggests investors are treating the Nevada facility as more than incremental: the prospect of end-of-year commercial production could mark a meaningful step in the company’s ability to scale its hardware footprint.

Cointelegraph previously reported on how MARA Holdings announced plans to acquire a Texas site with up to 2 gigawatts of capacity to expand its AI and digital infrastructure business, and how TeraWulf signed a 20-year data center lease with Anthropic that the company said could generate roughly $19 billion in contract revenue. Those developments highlight how quickly many miners are moving toward AI-driven business models—even as hardware production remains central to the mining sector’s long-term competitiveness.

What to watch next

As Bitdeer works toward end-of-year commercial production in Nevada, the key question for investors is whether the facility meaningfully changes hardware availability, delivery timelines, and cost structure. The next signals to track are updated production metrics, progress on the manufacturing timeline, and any further detail on how the Nevada plant is expected to reduce dependency on third-party components.

Grayscale’s chief financial officer Edward McGee has stepped down after seven years at the crypto asset manager, becoming the latest senior executive to leave the company, according to a filing with the U.S. Securities and Exchange Commission on Thursday.

McGee resigned effective July 2 for personal reasons and not because of “any disagreement with the company or its operations, policies or practices,” the filing said.

The company has named Kathryn Masci and Daniel Plourde as interim co-chief financial officers. Masci will also serve as principal financial and accounting officer and join the board of managers.

Masci joined Grayscale in 2020 and most recently served as senior vice president of finance.

Before that, she held finance and accounting roles at Garrison Capital, Pzena Investment Management and Ernst & Young. Plourde joined Grayscale in 2022 after senior positions at Gabelli Asset Management and State Street Global Advisors. He has also served as assistant treasurer of the Grayscale Funds Trust.

The leadership change follows another recent executive departure. Just weeks ago, managing director and head of distribution and partnerships John Hoffman left Grayscale to join tokenized asset platform Ondo Finance.

OpenAI has launched GPT-5.6 across ChatGPT, Codex, and its API, introducing GPT-5.6 Sol with a four-agent reasoning system and two lower-cost models as the rollout begins worldwide.

According to OpenAI, the GPT-5.6 family introduces a new three-tier lineup consisting of Sol, Terra, and Luna, replacing its previous naming approach with capability-based tiers that separate model generation from intelligence, speed, and pricing.

The company said availability is expanding across consumer, enterprise, and developer products, with global deployment expected to reach full availability within 24 hours.

Built as the flagship model, GPT-5.6 Sol is designed for coding, scientific research, cybersecurity, and complex knowledge work. OpenAI said the model completes more successful tasks while using fewer tokens and delivering lower estimated costs than its previous frontier models. Sol can also inspect intermediate results, coordinate external tools, and revise its own work before returning a final response, according to the company.

Four-agent reasoning expands advanced workflows

For users handling more demanding workloads, OpenAI has added two higher-compute operating modes. The company said Max gives GPT-5.6 additional time to reason through problems and verify answers before producing results.

Ultra extends that process further by coordinating multiple AI agents simultaneously. OpenAI described the default Ultra configuration as four agents working independently on separate tasks before combining their findings into a single output. The company said this approach is intended for complex projects that benefit from parallel reasoning instead of a single sequential workflow.

Developers also receive new workflow tools through Programmatic Tool Calling. According to OpenAI, the feature allows GPT-5.6 to write and execute lightweight programs in memory, filter intermediate information, and determine follow-up actions without sending every processing step back through the language model.

Coding performance remains one of the launch’s central themes. OpenAI said GPT-5.6 Sol achieved the highest score on the Artificial Analysis Coding Agent Index while also improving results on Terminal Bench 2.1 and DeepSWE, two benchmarks that measure command-line execution and long-duration software engineering tasks.

The company added that Terra exceeded Anthropic’s Claude Fable 5 on selected coding agent benchmarks, while Luna delivered stronger performance than Claude Opus 4.8 at a lower estimated operating cost.

Enterprise features and safety remain central

OpenAI said GPT-5.6 is designed to work across business software including documents, spreadsheets, presentations, Slack, Notion, Microsoft 365, and Google Drive. When users provide templates or reference files, the company said Sol produces higher-quality editable presentations, financial models, spreadsheets, and written documents.

Alongside the productivity features, OpenAI released updated safety information covering the new models. According to the company’s system card, GPT-5.6 Sol is classified as High capability in cybersecurity, while Terra and Luna also reach the High capability threshold despite offering lower overall performance than Sol.

OpenAI said testing found GPT-5.6 to be more capable in cybersecurity and biology than earlier systems, although the models remain below the company’s Critical threshold in both areas. To manage higher-risk capabilities, the company said it combines model training with real-time safety checks, monitoring, account-level enforcement, and access controls while continuing to support legitimate defensive work such as secure code reviews, vulnerability validation, threat modeling, and software patching.

API pricing starts at $5 per one million input tokens and $30 per one million output tokens for Sol. Terra costs $2.50 for input and $15 for output, while Luna is priced at $1 for input and $6 for output. OpenAI also introduced more predictable prompt caching, including explicit cache breakpoints and a minimum cache lifetime of 30 minutes.

Meanwhile, competition in advanced AI models continues to intensify. Separately, Elon Musk confirmed that SpaceXAI will publicly release Grok 4.5 on Thursday after completing beta testing. Musk described the model as an Opus-class system that is faster, more token-efficient, and lower cost, placing its launch alongside OpenAI’s GPT-5.6 rollout during a week of major AI product releases.

White House officials have pushed back against concerns from Senate Democrats about vacancies at two key US financial regulators, saying the administration has already been soliciting Democratic names for open seats at both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

In a Thursday letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer, administration officials responded to a June 10 request from 12 Senate Democrats that raised staffing and oversight worries at federal agencies, including the SEC and CFTC. The letter argues that, despite the leadership gaps, the normal nomination process has been pursued with Senate Democratic leadership.

Key takeaways

• White House officials say they have already sought Democratic nominee names for both the SEC and CFTC vacancies, countering Senate Democrats’ earlier claims.
• The SEC currently has two vacant Democratic seats, while the CFTC chair and sole commissioner is Republican Michael Selig.
• Democratic lawmakers have linked understaffing concerns to delays in crypto market structure legislation, including the Digital Asset Market Clarity (CLARITY) Act.
• CFTC chair Michael Selig has argued in a recent interview that regulators may be forced to “write all the rules” on digital assets without new legislation.

White House response to Senate Democrats over regulator vacancies

The latest dispute centers on whether the White House has followed a customary, bipartisan approach to identifying Democratic candidates for independent agency vacancies. In June, the 12 Democratic senators warned that the White House was leaving many important posts open indefinitely rather than engaging with Senate Democratic leadership through the “normal process” of selecting nominees.

That request cited understaffing across federal agencies and pointed specifically to the SEC and CFTC. The letter also noted that while President Donald Trump has submitted some Democratic nominees for other agencies—including the National Labor Relations Board and the International Trade Commission—financial regulators have allegedly remained stuck without full bipartisan representation.

The Thursday response attempts to close that gap by asserting that the administration had already solicited names from Senate Democrats for the SEC and CFTC. According to the filing, the SEC and CFTC are both operating with incomplete leadership slates, with only Republican commissioners currently nominated and confirmed by the Senate.

SEC and CFTC staffing status and what it means for policy

As of Thursday, the SEC had two vacant Democratic seats alongside three Republican commissioners. One of the commissioners, Hester Peirce, was reported to be expected to leave the role by November, leaving open the prospect of further turnover during an already politically charged period for financial regulation.

At the CFTC, Michael Selig serves as chair and the only commissioner. His position has come with an assertive stance on jurisdictional control, particularly in relation to prediction market companies. Over the past several months, he has been outspoken about defending what he described as the agency’s “exclusive jurisdiction” in that area.

For market participants, regulator staffing is not just a governance issue—it directly affects how quickly and confidently agencies can move on rulemaking priorities, interpret complex market structures, and coordinate with Congress. When leadership teams are incomplete, policy timelines can become harder to predict and enforcement priorities can face more scrutiny.

Crypto legislation remains stalled amid bipartisan arithmetic

The staffing argument has run alongside a broader policy fight: the delay and partial progress of crypto market structure legislation in the Senate. With the Senate in state work periods through Monday, reports indicate discussions continue over the Digital Asset Market Clarity (CLARITY) Act, and Republicans have reportedly been preparing for a July vote.

However, the bill’s path has not been straightforward. The digital asset market structure legislation first passed the House of Representatives in July 2025, but it has faced significant delays since then, including government shutdowns and debates over ethics provisions. Even as Senate committees advanced versions of the bill earlier this year, the proposal still requires Democratic support to reach the 60-vote threshold needed for Senate passage.

That gap matters because the practical impact of legislation—on how markets are classified, overseen, and supervised—can determine whether regulators have clear mandates or must rely primarily on existing statutory authorities and enforcement discretion.

Selig warns of “all the rules” risk without legislation

In a Wednesday interview with Fox Business, CFTC chair Michael Selig argued that the CLARITY Act is being derailed by ethics and other “extraneous issues,” reducing the chances of a bipartisan outcome. He suggested that if the bill does not move forward, regulators like him could end up setting most of the regulatory framework themselves.

According to Selig’s comments, the problem is not merely delay but the likelihood that the final policy shape would be less collaborative and less bipartisan than intended. In his framing, the longer Congress takes, the more rulemaking power shifts toward regulators—an approach that can be politically contentious, especially for fast-moving crypto markets.

For investors and builders, that raises a key question: will digital asset market regulation arrive through a comprehensive legislative package, or will it instead emerge through fragmented agency actions and interpretations? Until Congress resolves the bipartisan vote challenge, market participants may need to plan for continuing regulatory uncertainty.

What to watch next

The immediate question is whether the Senate’s return and any July scheduling will translate into real movement on the CLARITY Act, and whether regulator staffing disputes cool down as nominations continue. Market stakeholders should also watch how the SEC’s leadership changes—particularly around Hester Peirce’s expected departure—interact with ongoing legislative negotiations and agency rulemaking priorities.