Connect with us

Crypto World

Bitcoin Loses $80,000 as Critics Swarm Treasury's $950 Billion Buyback Plan

Published

on

Bitcoin Price Performance. Source: BeInCrypto

Bitcoin (BTC) touched $80,000 on Monday, then handed the level straight back. Critics are lining up against the US Treasury plan that sparked the move.

The token traded near $78,835 at press time. The bond market had already run this exact play last week, and it did not hold.

Bitcoin Price Performance. Source: BeInCrypto
Bitcoin Price Performance. Source: BeInCrypto

What Pushed Bitcoin to $80,000

The Treasury General Account (TGA) is the government’s checking account at the Federal Reserve. Tax receipts fill it. Treasury Secretary Scott Bessent has let it swell, with reports pegging the account near $950 billion.

Treasury’s own daily cash statement showed $935.1 billion on August 20, the latest official reading. Two senior Treasury officials told CNBC that money could fund bond buybacks.

Advertisement

Treasury doubled those buybacks on August 19. Long-end operations rose from $2 billion to at least $4 billion each. The first lands on September 9, per the department’s own announcement.

Traders liked the plumbing. Spending TGA cash does not grow the Fed’s balance sheet. It just moves money into bank reserves. That reads as liquidity, and liquidity has been Bitcoin’s fuel all month.

The Bond Market Already Round-Tripped This Trade

Treasury’s own yield data tells the story. The 30-year yield hit 5.31% on August 17, its highest reading since 2007.

The buyback news knocked it down to 5.19% two days later. By August 21 it sat at 5.27%. The entire rally vanished in two sessions.

Advertisement
Bitcoin tests $80,000 while US 10-year and 30-year Treasury yields slip. Source: TradingView
Bitcoin tests $80,000 while US 10-year and 30-year Treasury yields slip. Source: TradingView

Monday delivered a second bounce. The 30-year eased to 5.21% and the 10-year to 4.69%. Bitcoin’s spot price rode that wave to $80,000, then slid.

Why Critics Say It Will Not Hold

Bessent calls the strategy a “Treasury Twist.” The name echoes Operation Twist, the 1961 attempt to bend long-term rates lower.

Citadel Securities calls it financial repression. The firm warns it could weaken the dollar and stoke inflation. The deficits behind the yield spike go untouched.

Peter Schiff, chief economist at Euro Pacific Asset Management, has long warned about bond markets.

Advertisement

“This reckless plan will substantially shorten the average maturity of the national debt, increasing our exposure to rising short-term rates… It’s a recipe for massive QE and runaway inflation. Got gold?” Schiff wrote.

Benjamin Chabot, a former economist at the Federal Reserve Bank of Chicago, asked the sharper question.

“Does it matter if Treasury uses the TGA to buy bonds? Probably not. TGA funds are mostly spoken for. What matters is how Treasury refills the TGA after purchases,” he stated.

Fundstrat’s Tom Lee took the other side. He says the shift favors long-duration assets, crypto included.

Treasury has not spent a dollar of the account. September 9 is when the talk becomes numbers.

Advertisement

The post Bitcoin Loses $80,000 as Critics Swarm Treasury's $950 Billion Buyback Plan appeared first on BeInCrypto.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Stand With Crypto backs 32 lawmakers who supported CLARITY Act

Published

on

CLARITY Act's real obstacle: Trump's crypto business

Coinbase-backed Stand With Crypto has endorsed 32 House lawmakers seeking reelection in November after each supported the CLARITY Act during its passage through the chamber last year.

Summary

  • Stand With Crypto endorsed 32 incumbent House members from both major parties.
  • Every endorsed lawmaker voted for the CLARITY Act when it passed the House.
  • The group says it has more than 3 million registered advocates across the United States.
  • Crypto groups have committed close to $200 million during the 2026 midterm cycle.

Stand With Crypto ties 32 endorsements to CLARITY vote

Reuters reported Monday that Stand With Crypto had selected 32 incumbent members of Congress for its latest endorsement round ahead of the Nov. 3 midterm elections.

All 32 lawmakers voted for the Digital Asset Market Clarity Act when the House passed the proposal in July 2025. The legislation would divide oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission while setting rules for crypto exchanges and other market participants.

Advertisement

By using the House vote as a central test, the group has tied its election activity to a specific legislative record rather than party membership. Its latest list includes Republicans Tom Emmer of Minnesota and Bill Huizenga of Michigan, as well as Democrats Ritchie Torres of New York and Josh Gottheimer of New Jersey.

Stand With Crypto Executive Director Mason Lynaugh told Reuters that the organization wants to return lawmakers who supported the bill to Congress. The group plans to announce its Senate endorsements closer to Election Day.

“In 2024, we were very much proving that the crypto voter is real,” Lynaugh said.

Advertisement

“In 2026, we’re very much showing that we have the organizing capacity and that our advocates are a true voting bloc that can move the needle.”

Coinbase launched Stand With Crypto in 2023 to organize people who support digital asset legislation. Unlike a super political action committee, the organization says its election work centers on voter outreach and mobilization rather than large independent campaign expenditures.

The group currently claims more than 3 million registered U.S. advocates, up from the 2.7 million cited when Lynaugh discussed its campaign plans in May. At that event, crypto.news covered its midterm strategy, which initially included endorsements for six House incumbents.

Bipartisan list includes lawmakers in competitive races

Several lawmakers in the latest group are running in districts where the November result could be close, increasing the potential value of volunteer outreach and voter mobilization.

Arizona Republican Juan Ciscomani and Pennsylvania Republican Brian Fitzpatrick are among the endorsed members facing competitive contests, according to Reuters. Lynaugh said Stand With Crypto could become “the difference maker” in some of the races, though the group has not disclosed any forecast for their outcomes.

Advertisement

Huizenga, another member of the endorsed group, secured the Republican nomination in Michigan’s 4th Congressional District earlier in August. Defend American Jobs, the Republican-aligned affiliate of Fairshake, spent nearly $512,000 supporting him, according to campaign finance data compiled by Tech Influence Watch.

During the same round of primaries, several Fairshake-supported candidates advanced in Washington state. Democratic Representatives Suzan DelBene, Kim Schrier and Marilyn Strickland won their party primaries, while Republican Amanda McKinney also moved forward, as detailed in an Aug. 5 report on Fairshake-backed primary victories.

Torres has also received support from crypto-linked political groups during the election cycle. Protect Progress, Fairshake’s Democratic-aligned affiliate, spent about $1.5 million supporting his reelection campaign ahead of the New York primary, while Fellowship PAC reportedly added roughly $300,000 in advertising.

Stand With Crypto’s own polling, conducted with Impact Research, found that 59% of crypto owners do not reliably vote for one political party. Nearly half of respondents said they could support a candidate whose crypto position matched theirs even when they disagreed with the candidate on other subjects, according to the organization’s May presentation.

Advertisement

CLARITY Act delay raises the stakes for the next Congress

The House passed the CLARITY Act by a 294-134 vote in July 2025, but the proposal has remained held up in the Senate amid disputes over stablecoin rewards, decentralized finance oversight, anti-money laundering requirements and ethics restrictions involving government officials’ crypto holdings.

A Senate Banking Committee markup initially scheduled for Jan. 15 was postponed after Coinbase withdrew its support hours before the meeting. The company objected to parts of the draft, leaving senators without an agreement needed to move the legislation forward.

Alongside the Banking Committee’s work, the Senate Agriculture Committee must address sections involving the CFTC. The bill would then need to pass the full Senate, return to the House if senators change its text, and reach President Donald Trump for his signature.

Because most legislation requires 60 votes to overcome a Senate filibuster, Republicans would need Democratic support even if every Republican senator backed the proposal. A report examining the CLARITY Act’s midterm risk noted that the congressional calendar has narrowed as lawmakers approach the election.

Advertisement

The proposal remains important for U.S. crypto companies and investors because it would set federal rules for when digital assets fall under SEC or CFTC oversight. Supporters say the division would reduce uncertainty over trading, registration and token classifications, while disagreements in the Senate show that lawmakers have not settled the bill’s consumer protection, ethics and financial crime provisions.

Stand With Crypto’s endorsements focus on House members who supported the existing text, but the next Congress could revisit the proposal if the Senate does not finish work before the current session ends. Any unfinished bill would have to be introduced again after the new Congress takes office in January 2027.

Crypto election spending approaches $200 million

Political spending by the digital asset industry has continued alongside the grassroots campaign. Reuters estimated that crypto-linked groups have committed close to $200 million during the 2026 midterm cycle, with much of the money flowing through Fairshake and its affiliated committees.

Consumer advocacy group Public Citizen separately calculated that crypto companies had contributed about $189 million to the 2026 election cycle by the end of June. Its report said the amount represented roughly 37% of corporate political contributions tracked during the period and had already surpassed the industry’s estimated $170 million in 2024 spending.

Advertisement

According to Public Citizen, Fairshake had spent more than $82 million during the current cycle, while MAGA Inc., a super PAC largely supported by Crypto.com, had spent more than $56 million. Public filings cited in the report showed Fairshake, Defend American Jobs, and Protect Progress held a combined $193 million in January.

During the 2024 elections, crypto groups supported congressional candidates across party lines, many of whom won their races. Congress later passed the GENIUS Act, creating a federal framework for payment stablecoins and handing the industry one of its main legislative victories.

Stand With Crypto has taken a different role from the major super PACs by organizing advocates and publicly rating candidates’ policy records. The organization endorsed six incumbents in March before adding the latest 32 House members, and Lynaugh said its Senate slate would be released closer to Election Day.

Advertisement

Source link

Continue Reading

Crypto World

BitcoinIRA, iTrustCapital accused of hiding data breaches

Published

on

BitcoinIRA, iTrustCapital accused of hiding data breaches

On-chain investigator ZachXBT alleged this morning that BitcoinIRA and iTrustCapital suffered data breaches this year without disclosing the incidents to their customers.

ZachXBT claimed that threat actors accessed personal details from the crypto retirement services, such as customers’ portfolio holdings, banking details, custodian details, and verification status.

Once he was confident that the breaches occurred, the researcher emailed both platforms on August 21. After three days of no response, he published the alert publicly today.

iTrustCapital responded to the allegations via X, writing, “ITrustCapital has not experienced and is not aware of any recent third-party vendor data breaches affecting our platform.

Advertisement

“Our multi-step closed-loop system is designed to mitigate losses for clients who may be targeted, phished, scammed or compromised at a personal level.”

BitcoiIRA hadn’t responded publicly by publication time.

Who are the businesses involved?

Chris Kline, Johannes Haze, and Camilo Concha started BitcoinIRA a decade ago out of Sherman Oaks, California, according to a BBB business listing. 

The company markets itself as the ‘original’ service to hold bitcoin (BTC) inside a retirement account and it has claimed more than $14 billion worth of assets.

Advertisement

iTrustCapital, meanwhile was founded in 2018 by Todd Southwick and Blake Skadron. It was based in Long Beach, California when it announced a $125 million Series A round in January 2022. 

The company has claimed to have processed more than $10 billion in cumulative transactions across roughly 53,000 accounts, and iTrustCapital’s own homepage now claims more than $17 billion worth of transactions across over 300,000 accounts.

Read more: ZachXBT slams Bitget execs over suspicious $480M withdrawals

California breach database does not list BitcoinIRA nor iTrustCapital

Both companies have been headquartered in California, a state that recently tightened its data breach disclosure rules. 

Advertisement

Senate Bill 446 was signed into law in October 2025 and took effect this January. This new law gives businesses 30 days to notify residents after discovering a significant data breach. A further 15 days are allowed to notify the state attorney general, once a company has notified more than 500 residents. 

Neither BitcoinIRA nor iTrustCapital appears in that registry. BitcoinIRA, despite having a California address in its corporate history, also lists a subsequent Nevada base of operations that might exempt it from the requirements of this registry.

However, this registry only publishes breaches that clear the 500 resident threshold, or that a company volunteers. So, although the absence is conspicuous, it is not necessarily indicative of wrongdoing.

When the alleged breach occurred

The exact date of the data breach(es) is unknown, but ZachXBT dates at least one attack as early as June 2026.

Advertisement

The investigator wrote an August 10 thread about a threat actor using spoofed BitcoinIRA emails allegedly acquired through that data breach.

iTrustCapital’s own help center says that even if a client’s email, SIM card, password, or two-factor login is compromised, crypto “can not be drained from an iTrustCapital account as there is no connectivity to external wallets.”

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on XBluesky, and Google News, or subscribe to our YouTube channel.

Advertisement

Source link

Continue Reading

Crypto World

Polymarket Trump Impeachment Odds Turn on Control of Congress

Published

on

Polymarket Trump Impeachment Odds Turn on Control of Congress

Prediction Market Polymarket traders price a House impeachment of Donald Trump before his term ends at roughly 68%, against a fraction of that, around 2%, for the same outcome landing before December 31, 2026.

That 33x spread between two contracts asking a nearly identical question is the real story: it’s not a prediction that impeachment is coming, it’s a market pricing the calendar and congressional arithmetic separately from the politics.

The Contract Split: Two Clocks, One President

Polymarket’s “Will Trump be impeached before his term ends?” market resolves “Yes” if the House passes at least one article of impeachment by simple majority any time before January 20, 2029.

Advertisement

As of its last update on August 24, 2026, that contract was trading around 68%, on roughly $94,463 in cumulative volume since the market opened on March 19, 2026.

Source: Polymarket

A separate, shorter-dated contract asks the same question but caps the window at December 31, 2026, before the newly elected House even takes its committee assignments. That contract has traded at a premium of closer to 2%, according to Polymarket pricing referenced in Washington Examiner coverage of the market.

Same event, same officeholder, wildly different implied probability, because the two contracts are betting on different Congresses.

Why the Math Changes After the Midterms

Republicans currently hold narrow majorities in both chambers, and a GOP-controlled House has no institutional incentive to advance articles of impeachment against a Republican president absent a major break within the party.

Advertisement

That’s the entire explanation for the 2% price: it’s a bet that this specific Congress will act before its term expires, and the base rate for that is close to zero.

The 68% figure prices in something structurally different, the 2026 midterms. If Democrats retake the House, they gain subpoena power, Judiciary Committee control, and the ability to schedule a floor vote on their own terms, none of which exists under the current majority.

Forecasters tracking generic ballot trends have generally shown Democrats favored or competitive to flip the chamber, and Polymarket’s long-dated contract is effectively a compounded bet: probability of a Democratic House multiplied by the probability that a Democratic majority actually brings articles to a vote sometime in the roughly two years of runway that follow.

Prediction markets have increasingly become the fastest-moving gauge for exactly this kind of time-bound political risk. The same dynamic played out in Kalshi’s government shutdown odds market, where prices fluctuated in lockstep with the legislative calendar rather than with sentiment alone.

The mechanism is identical here: traders aren’t voting on whether Trump deserves impeachment, they’re pricing the sequence of procedural gates that would have to open first.

Advertisement

Impeachment Is Not Removal, And Markets Know It

Both Polymarket contracts resolve on House passage alone. Neither requires a Senate trial, conviction, or removal from office to settle “Yes.” That distinction matters enormously for how these odds should be read, and it’s grounded directly in constitutional mechanics rather than market convention.

Per the Congressional Research Service’s report on House impeachment procedure, the House impeaches by a simple majority vote adopting articles, effectively a formal accusation, comparable to a criminal indictment.

Removal is an entirely separate Senate proceeding requiring a two-thirds vote of senators present to convict, and disqualification from future office requires only a majority vote as a distinct, additional step.

Advertisement

The CRS report notes the House has impeached three presidents, Andrew Johnson in 1868, Bill Clinton in 1998, and Trump himself in both 2019 and 2021, and in every case, the Senate declined to convict.

A 68% price on House impeachment therefore says nothing about the far higher bar of Senate removal, which is a structurally separate market question entirely.

When the Calendar Changes the Odds, Prediction Market Kalshi Lets Traders Price the Trump And Political Path Directly

The Trump impeachment markets show why political probabilities can swing dramatically without anyone changing their underlying view of the politician involved. What changes is the path: elections, congressional control, committee power, deadlines, and the number of procedural steps still left.

Advertisement

Kalshi gives traders a way to take positions directly on those kinds of political outcomes.

Rather than trying to translate a House flip, impeachment vote, or government funding fight into a stock, Bitcoin, or bond trade, users can focus on the event itself and the exact conditions required for the contract to settle.

That distinction matters when two similar-looking questions can carry wildly different probabilities simply because one has months to resolve and the other has years.

For traders already thinking in terms of congressional arithmetic and timing, Kalshi turns that thesis into a market of its own.

Eligible new users who join Kalshi through CryptoNews can also receive $25 through our referral link.

Advertisement

Make Your Prediction Count With $25 For Free on Kalshi

The post Polymarket Trump Impeachment Odds Turn on Control of Congress appeared first on Cryptonews.

Source link

Advertisement
Continue Reading

Crypto World

Zcash (ZEC) Explodes to an 8-Year High, But an Analyst Warns of a Major Crash

Published

on

ZEC is one of the best-performing top 100 cryptocurrencies over the past week, with its price surging by nearly 65%.

And while many market observers believe the bulls aren’t done yet, one analyst warned that a violent move south could come next. Here’s why.

ZEC is Not BTC

The cryptocurrency market has enjoyed a sudden and evident resurgence over the last several days, following the monetary policy changes in the US announced by the Treasury Department, among other factors.

ZEC caught the green wave and rallied harder than BTC, ETH, XRP, and many other popular cryptocurrencies, probably because another catalyst directly affected it. As CryptoPotato reported, the leading digital asset manager Grayscale revealed discussions with a Digital Currency Group (DCG) subsidiary over a contribution of roughly 200,000 ZEC to its Zcash Trust. Later, it was revealed that the product would be converted into an ETF, with the launch scheduled for August 25.

Advertisement

ZEC’s price briefly jumped to roughly $880 on August 23, representing the highest mark since January 2018. In the following hours, the bulls lost some steam, and the asset currently trades at around $848 (per CoinGecko), with a market capitalization of over $14 billion.

X user jussy recently opined that ZEC “is looking good” after its solid increase, anticipating further gains to $930 if it successfully breaks $850. For their part, Crypto Tony claimed that $1,000 is the minimum of the cycle.

Contrary to the predominant optimistic views, Crypto with Harris ₿ argued that ZEC’s “real value” lies below $500. The analyst reminded about the critical vulnerability Zcash experienced earlier this year, which triggered a massive price collapse. Back then, the crash prompted some prominent industry figures, such as Arthur Hayes, to sell their entire positions in the coin.

Crypto with Harris ₿ paid close attention to ZEC’s chart and noted that the price is well above its daily averages and even the upper Bollinger Band. In their view, this is proof that the move has already been “extremely stretched,” warning people to be aware of influencers who project rallies beyond $2,000.

Advertisement

“ZEC is ZEC. It is not Bitcoin,” they concluded.

Another Bearish Sign

Anyone looking to engage with ZEC should also take into account its recent exchange net flow.

Over the last several days, inflows have far outpaced outflows, indicating that many investors have abandoned self-custody and flocked to centralized platforms. This is considered a bearish signal as it increases immediate selling pressure.

ZEC Exchange Netflow
ZEC Exchange Netflow, Source: CoinGlass

The post Zcash (ZEC) Explodes to an 8-Year High, But an Analyst Warns of a Major Crash appeared first on CryptoPotato.

Source link

Advertisement
Continue Reading

Crypto World

Germany Expands MiCA Role as EU Register Adds 6 More Banks

Published

on

Crypto Breaking News

Germany has extended its lead in the EU’s MiCA licensing rollout, after ESMA added six more crypto asset service providers registered under the Markets in Crypto-Assets Regulation. With the latest update, the total number of authorized CASPs across the European Union now stands at 331.

In the previous ESMA register update on Aug. 12, the additions were also reflected in the count. The most recent change, released on Friday, specifically increases Germany’s share by adding six German cooperative banks to the list of licensed entities.

Key takeaways

  • ESMA’s MiCA register now lists 331 authorized crypto asset service providers (CASPs) after Friday’s update.
  • Germany added six new CASPs, all cooperative banks, bringing the country’s total to 79.
  • Germany leads the EU standings by CASPs, ahead of France (35) and the Netherlands (29).
  • ESMA’s non-CASPs datasets tied to asset-referenced tokens (ART), electronic money tokens (EMT), and non-compliant entities were unchanged.

ESMA adds six German cooperative banks

According to ESMA’s MiCA register update published on Friday, six entities were added to the list of authorized crypto asset service providers. Compared with the Aug. 12 update, each of the newly registered providers is German and operates as a cooperative bank:

  • Raiffeisenbank Aidlingen
  • Ihre Volksbank
  • VR-Bank Mittelfranken Mitte
  • Volksbank Euskirchen
  • VR Bank Ried-Überwald
  • Volksbank Backnang

This expansion reinforces Germany’s position as the most active EU market in terms of MiCA authorizations, at a time when investors are watching which jurisdictions are moving fastest through the new regulatory framework.

Germany’s MiCA authorization gap widens

Germany now accounts for 79 CASPs under MiCA, compared with France’s 35 and the Netherlands’ 29, based on ESMA figures previously reviewed by Cointelegraph. The country’s lead has also been building quickly: Germany’s total stood at 57 CASPs in late June, when Cointelegraph reported that Germany was already ahead in the number of authorizations.

The pace matters because MiCA authorization is a prerequisite for compliant crypto-asset services across the EU. A larger number of authorized providers can translate into broader availability of regulated services for users in that country and potentially more competition among licensed entities.

Advertisement

Why Germany has more CASPs than its peers

Germany’s higher authorization count reflects structural features of its financial sector and how existing regulatory pathways mapped onto MiCA’s implementation. In June, Germany’s Federal Financial Supervisory Authority (BaFin) told Cointelegraph that the high number of MiCA authorizations is partly due to the country’s large financial industry and the number of credit institutions that are eligible to offer crypto services.

BaFin also pointed to Germany’s earlier national licensing regime. The regulator said that this established framework allowed some CASPs to benefit from simplified authorization procedures during the transition to MiCA, helping explain why the authorizations in Germany accelerated earlier and at a higher volume than in some other jurisdictions.

Token-category registers remain stable

Beyond the CASP register, ESMA maintains datasets related to specific token classifications. In the Friday update, those token-category datasets did not change: the asset-referenced token (ART) register remained empty, the electronic money token (EMT) register continued to show 43 entries, and the list of non-compliant entities stayed at 167.

For market participants, these static figures are useful context. While the number of licensed service providers is climbing, the token-category registers indicate that the regulatory focus is still separating the licensing progress of service firms from the readiness and reporting status of token issuers or categories tracked under ESMA’s framework.

Advertisement

Readers should watch the next ESMA register releases for whether Germany’s additions continue at the same pace, and whether any movement appears in the ART and non-compliant entity datasets—areas that remain unchanged despite growth in CASP authorizations.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Source link

Advertisement
Continue Reading

Crypto World

Coinbase-Linked Group Backs US Midterm Candidates Ahead of Vote

Published

on

Crypto Breaking News

Stand With Crypto, an advocacy group launched by Coinbase in 2023, has endorsed 32 candidates for U.S. House races ahead of the 2026 midterm elections. The group says the move is designed to shape federal digital-asset policy by backing lawmakers it views as credible champions for the sector.

In a notice issued Monday, Stand With Crypto framed its candidate slate as part of a broader effort to mobilize “crypto voters,” arguing that digital-asset issues may become more influential in close races where candidates seek support beyond traditional political constituencies. The organization’s executive director, Mason Lynaugh, said the timing reflects what he called an inflection point for crypto policy in Washington.

Key takeaways

  • Stand With Crypto endorsed 32 House candidates for the 2026 midterms based on their stated digital asset policy views.
  • The group is targeting competitive races where it believes its influence is most likely to matter for outcomes.
  • Stand With Crypto argues crypto voters are becoming a durable bloc that can affect tight congressional elections.
  • The push lands as the Senate’s next steps on the Digital Asset Market Clarity (CLARITY) Act remain uncertain.

A targeted endorsement strategy for 2026

Stand With Crypto said its slate is intended to influence how digital assets are regulated and overseen at the federal level. The group did not present a full list of criteria in the notice excerpt, but it characterized the backed candidates as “proven digital asset policy champions” and emphasized its focus on races most likely to swing based on its outreach.

The endorsement announcement follows earlier activity from the organization. It previously unveiled initial endorsements in March as part of its broader midterm plan, describing a battleground approach meant to help candidates move from their primaries into the November election. According to the notice, that initial tranche included three Republicans and three Democrats who advanced to the general election.

While the group’s messaging is political, it arrives in a wider environment where crypto-linked spending has increasingly intersected with U.S. election cycles. During the 2024 election cycle, organizations and political action committees backed by crypto companies spent more than $170 million to support candidates they believed would be favorable to the industry, and many of those candidates won, according to the notice.

Advertisement

Why the midterms matter for crypto legislation

Stand With Crypto’s endorsement push is anchored to the argument that congressional elections can determine whether major crypto policy proposals move forward. The group pointed to the 2025 flow of pro-crypto candidates into Congress, claiming that more than 270 such candidates were sent to Washington in 2025—an outcome the organization linked to potential progress on legislation, including the GENIUS Act, which concerns stablecoin-related frameworks.

For investors and builders, the practical implication is straightforward: crypto policy is still shaped less by broad market narratives and more by whether specific bills gain traction in both chambers and the extent to which lawmakers treat digital-asset regulation as a near-term priority. In that sense, the group’s focus on competitive House seats fits a common legislative dynamic—narrow margins in the House can change committee influence and voting outcomes.

At the same time, the organization’s claims about crypto voters being a “durable, motivated” bloc reflect a strategic bet: that voters attentive to digital-asset issues may be sufficiently organized to affect campaigns even when crypto does not dominate national headlines.

CLARITY still faces timing risk in the Senate

Separate from the endorsement slate, the legislative timeline for one of the sector’s key policy proposals remains a live issue. The Digital Asset Market Clarity (CLARITY) Act, which the House passed with bipartisan support in July 2025, is still pending in the Senate. The notice highlights that Senate discussions have included topics such as ethics requirements, tokenization provisions, and stablecoin rewards.

Advertisement

Under the current schedule described in the coverage, CLARITY is expected to be considered through a cloture motion once the Senate returns from recess on Sept. 15. However, the Senate would have only 14 days in session before breaking ahead of the November election, creating a narrow window for the bill to advance.

After the midterms, the Senate would have another 22 days before 2027 to bring CLARITY back to the chamber. If the bill reaches final action in that later period, it could then return to the House and ultimately move to the president for approval.

The notice also points to political pressure on the Senate in the immediate term. Earlier coverage cited the president, Donald Trump, standing alongside several crypto CEOs and executives to urge lawmakers to pass what he described as a “fair version” of CLARITY. That push, however, may face credibility hurdles given the broader public scrutiny around Trump’s financial ties to the industry, with a cited poll showing a majority of Americans calling those crypto investments not “appropriate.”

For market participants, these dynamics matter because the Senate calendar and the bill’s handling—whether it can be processed in time to clear major procedural hurdles—could determine whether a clearer regulatory structure arrives before or after the 2026 election cycle. Even when legislation is broadly supported, procedural delays can push outcomes into later sessions and lengthen uncertainty around implementation.

Advertisement

What to watch next

As the 2026 midterm clock moves forward, attention should track not only which candidates Stand With Crypto supports, but also whether CLARITY can progress through the Senate in the limited post-recess window. The biggest open question for the next phase of U.S. crypto regulation remains timing: whether lawmakers can convert the legislative momentum already shown in the House into Senate action before politics and procedural constraints reshuffle priorities.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Source link

Advertisement
Continue Reading

Crypto World

Bitcoin nears $80,000, but analysts say the next pullback will be key

Published

on

Bitcoin nears $80,000, but analysts say the next pullback will be key


Analysts say consolidation could strengthen bitcoin’s rally, while thin trading above $80,000 may set up sharper price moves.

Source link

Continue Reading

Crypto World

HR World Summit South Africa Returns to Johannesburg for Its 5th Edition

Published

on

Crypto Breaking News

Bringing Together HR Leaders to Shape the Modern Workplace in South Africa

16th September 2026 | Johannesburg, South Africa

Johannesburg, 3 July 2026: As South Africa’s business landscape evolves in response to rapid technological advancement, changing workforce expectations, and increasing economic complexity, the role of Human Resources has become more strategic than ever before. Today, HR leaders are responsible for workforce planning, leadership development, employee experience, skills transformation, and building organisational capability while aligning people strategies with business priorities.

Recognizing the critical role of HR in shaping the evolving workforce, Exito Media Concepts, a global B2B events organiser, announces the 5th Edition of HR World Summit South Africa 2026, taking place on 16 September 2026 at Focus Rooms – Universe, Johannesburg. Designed as a platform for industry discussions and networking, the summit will bring together more than 200 CHROs, HR Directors, People & Culture Leaders, Talent Acquisition Heads, Learning & Development Executives, Employee Experience Specialists, business leaders, and solution providers to discuss workforce planning, leadership, talent strategy, and the future of work.

Through keynote presentations, panel discussions, fireside conversations, and interactive sessions, attendees will explore strategies for addressing today’s workforce challenges and preparing organisations for AI adoption, evolving workforce expectations, and future skills requirements. The summit offers HR leaders an opportunity to exchange ideas, build strategic partnerships, and explore current workforce trends.

Advertisement

Shaping the Next Chapter of Work and Leadership

organisations across South Africa are adapting to rapid technological advances, changing workforce expectations, and shifting business priorities. Technologies such as artificial intelligence (AI), automation, and data-driven decision-making are redefining how organisations operate, compete, and manage their workforces.

To remain adaptable, organisations must rethink traditional approaches to leadership, talent management, learning, employee wellbeing, and organisational culture. HR leaders are integrating AI into HR processes, strengthening employee engagement, expanding learning and development initiatives, and building skills needed for an increasingly digital workplace. The summit agenda addresses these priorities through industry discussions, case studies, and real-world examples.

The agenda focuses on the key workforce priorities shaping HR strategy across South African organisations.

Key discussions will include:

Advertisement
  • Navigating Work, Leadership, and Innovation in a rapidly changing business landscape
  • Exploring the role of Artificial Intelligence in HR and workforce planning
  • Strengthening employee wellbeing and workforce engagement
  • Building skilled workforces for an evolving world of work
  • Developing strategies to attract, retain, and develop talent
  • Building a culture of continuous learning and skills development
  • Learning from CHROs on people, culture, and change management
  • Creating inclusive workplaces that support innovation and organisational performance

These discussions will provide practical insights, case studies, and proven approaches that HR leaders can apply across talent management, leadership development, employee experience, and workforce planning.

A Platform Where HR Leaders Shape the Future

The summit will provide delegates with practical examples of workforce transformation, leadership development, HR technology adoption, and people strategy from organisations across

South Africa.

Alongside the conference sessions, attendees will have opportunities to network with peers, connect with solution providers, and exchange real-world insights on workforce trends and workforce challenges.

Learn from South Africa’s Leading HR Visionaries

The speaker lineup includes HR leaders from organisations including:

Advertisement
  • Tebogo Maenetja- Chief Human Resources Officer, MTN
  • Michele Seroke- Chief Human Resources Officer, Mediclinic
  • Nomsa Lewisa- CIO Group Human Technology, First Rand
  • Mikateko Nkuna- Valoyi, Managing Executive: Talent & Culture, Vodacom
  • Lerato Thelejane- Executive: People Change Readiness and Enablement, Absa Group

Event Details

Event: 5th Edition of HR World Summit South Africa 2026

Date: 16 September 2026

Time: 9:00 am – 5:00 pm

Venue: Focus Rooms – Universe, Johannesburg, South Africa

About Exito Media Concepts

Exito Media Concepts is a global B2B events organisation with over 16 years of experience delivering conferences across technology, cybersecurity, digital transformation, healthcare, finance, human resources, and other industries.

Advertisement

Exito brings together business leaders, solution providers, and decision-makers through conferences focused on knowledge sharing, collaboration, and executive networking.

For more details on the HR World Summit South Africa 2026, visit:

https://exito-e.com/hrworldsummit/south-africa/

For Media Enquiries, please contact:

Advertisement

Ashrith Shetty | Senior Marketing & PR Executive, Exito Media Concepts Email: ashrith.shetty@exito-e.com

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Source link

Advertisement
Continue Reading

Crypto World

Coinbase-Affiliated Advocacy Group Endorses Candidates for US Midterms

Published

on

Coinbase-Affiliated Advocacy Group Endorses Candidates for US Midterms

Stand With Crypto, an advocacy organization launched by Coinbase in 2023, endorsed 32 candidates for House of Representatives seats ahead of the 2026 US midterm elections based on their digital asset policy views. 

In a Monday notice, Stand With Crypto said its slate of 32 candidates for the 2026 midterm elections was part of efforts to influence digital asset policy in the federal government. The organization said it had endorsed politicians who were “proven digital asset policy champions,” also targeting competitive races “where Stand With Crypto advocate numbers are most likely to influence outcomes.”

“Crypto Voters have become a durable, motivated voting bloc, which has the potential to swing key congressional races in the midterms,” said Stand With Crypto executive director Mason Lynaugh, adding:

“The midterms come at a key inflection point for crypto policy in Washington, D.C. As candidates from both parties are trying to reach voters outside of more traditional constituencies, they overlook Crypto Voters at their own peril.”

The move comes as some experts expect crypto policy to be a potential swing issue for voters in many close elections. Stand With Crypto announced six candidates for its first group of endorsements in March — three Republicans and three Democrats — all of whom advanced from their primaries to compete in the November election.

Advertisement

Related: Ripple- and Coinbase-funded PAC spends $2M in Florida race with little mention of crypto

During the 2024 election cycle, organizations and political action committees (PACs) backed by crypto companies spent more than $170 million supporting candidates they considered to favor the industry, many of whom went on to win their races. Stand With Crypto said that more than 270 “pro-crypto“ candidates were sent to Congress in 2025, potentially influencing votes on legislation like the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.

CLARITY vote still waiting for Senate’s return

The makeup of the next US Congress in both the House and Senate could potentially impact whether a comprehensive crypto market structure bill becomes law. Although the House passed the Digital Asset Market Clarity (CLARITY) Act with bipartisan support in July 2025, the Senate’s consideration of the legislation has been marked by discussions over ethics, tokenization and stablecoin rewards.

CLARITY is scheduled for a cloture motion once the Senate returns from recess on Sept. 15, but the chamber will only have 14 days in session before breaking before the November election. After the midterms, the Senate will have another 22 days before 2027 to return the bill to the House, after which it could then head to the president’s desk for approval.

Advertisement

Last week, President Donald Trump stood alongside several crypto CEOs and executives, urging the Senate to pass a “fair version” of CLARITY. However, the Trump family’s financial ties to the industry could complicate a potential vote, with a majority of Americans calling the crypto investments not “appropriate” in a recent poll.

Magazine: Bitget CEO isn’t buying the Bitcoin rally — She’s waiting for $50K

Source link

Advertisement
Continue Reading

Crypto World

CFO Leadership Summit South Africa Announces Its 27th Edition

Published

on

Crypto Breaking News

Intelligent Finance for a Digital-First Economy

17 September 2026 | Johannesburg, South Africa

Johannesburg, 3 July 2026: As organisations across South Africa adopt digital technologies, accelerate digital initiatives, advance digital capabilities, navigate economic uncertainty, and adapt to an increasingly data-driven business environment, the role of the Chief Financial Officer has evolved far beyond traditional financial stewardship. Today’s finance leaders are expected to guide capital allocation, strengthen liquidity management, improve forecasting accuracy through FP&A and predictive analytics, oversee enterprise risk, and lead the adoption of AI and digital finance technologies that support informed business decision-making.

The CFO Leadership Summit South Africa, taking place on 17 September 2026 at Focus Rooms – Universe, Johannesburg, is set to convene South Africa’s prominent finance leaders, CFOs, and industry experts to discuss how CFOs are strengthening financial resilience, improving capital efficiency, modernising finance operations, and preparing organisations for an increasingly data-driven economy. As one of the region’s prominent gatherings of finance executives, the summit will bring together over 200 CFOs, Finance Directors, Group Finance Executives, Controllers, Treasury Leaders, Risk & Compliance Heads, Tax Leaders, Digital Finance Experts, business leaders, and technology innovators to explore the strategies, technologies, and leadership approaches shaping the future of finance.

Designed as a major platform for sharing insights and executive networking, the summit will facilitate discussions among senior finance professionals, industry experts, and solution providers committed to supporting finance transformation. Through keynote presentations, executive panel discussions, fireside conversations, and interactive sessions, attendees will gain practical insights into AI-powered finance, modern FP&A, treasury optimisation, automation, ESG reporting, regulatory compliance, and enterprise risk management.

Advertisement

Redefining Finance Leadership in the Digital Era

South African organisations are navigating economic uncertainty, rising operating costs, evolving regulatory requirements, and rapid advances in AI and automation. As finance teams respond to these challenges, CFOs are increasingly focused on improving forecasting accuracy, optimising liquidity, strengthening governance, and using real-time financial data to support faster business decisions. The summit has been designed to showcase practical case studies, implementation strategies, and lessons from organisations leading finance transformation.

With an agenda focused on emerging finance trends designed for finance and business leaders, the summit will spotlight the key trends transforming modern finance.

Strategic discussions will include

  • Architecting Financial Agility in an increasingly volatile and unpredictable economic landscape
  • Managing Cash Flow, Controlling Costs, and Optimising Liquidity Through Intelligent, Data-Driven Financial Strategies to Navigate Persistent Inflationary and High-Cost Business Environments
  • Advancing Precision Finance through Real-Time FP&A, Predictive Analytics, and Data-Driven Decision-Making
  • Redefining the CFO’s Role as a Growth Architect through strategic capital allocation and value creation
  • Evolving from a compliance function into a source of competitive advantage
  • Integrating ESG and Sustainable Finance to drive long-term profitability, cash flow, and operational efficiency beyond regulatory compliance

These discussions will provide finance leaders with practical approaches to improving forecasting accuracy, strengthening liquidity, modernising finance operations, adopting AI responsibly, and supporting sustainable business growth.

A Platform Where Finance Leaders Drive Business Transformation

The summit will feature a notable line-up of experienced CFOs, senior finance executives, digital transformation leaders, and industry experts representing some of South Africa’s most respected organisations. As a CFO Summit, the event will provide delegates with case studies on finance automation, AI adoption, FP&A modernisation, treasury management, ESG reporting,

regulatory compliance, and enterprise risk management.

Advertisement

Beyond the conference sessions, the event will offer networking opportunities, enabling senior executives to establish professional connections, exchange ideas with peers, explore AI, FP&A, treasury, ERP, analytics, and finance automation solutions.

Learn from South Africa’s prominent Finance Visionaries

  • Mikaeel Tayob- Regional CFO, Bridgestone Middle East & Africa
  • Polani Sokombela- Chief Financial Officer, Auditor-General of South Africa
  • Qiniso Mthembu– Chief Financial Officer, Johannesburg Stock Exchange
  • Akesh Bansee- Chief Financial Officer, Unilever
  • Bradley Wentzel- Chief Financial Officer, Barloworld Equipment

Event Details

Event: CFO Leadership Summit South Africa 2026

Date: 17 September 2026

Time: 9:00 am – 5:00 pm

Venue: Focus Rooms – Universe, Johannesburg, South Africa

Advertisement

About Exito Media Concepts

Exito stands for “success,” a principle reflected in every experience we create. With over 16 years of expertise, Exito Media Concepts is a globally recognised B2B events organisation delivering more than 240 conferences annually across technology, cybersecurity, digital transformation, healthcare, finance, human resources, and other emerging enterprise sectors.

Through carefully curated agendas, globally recognised speakers, and market-driven insights, Exito creates high-impact platforms that foster strategic collaboration, accelerate innovation, and enable business leaders to address the evolving challenges of their industries.

For more details on the CFO Leadership Summit South Africa 2026, visit:

https://cfoleadershipsummit.com/south-africa/

Advertisement

For Media Enquiries, please contact:

Ashrith Shetty | Senior Marketing & PR Executive, Exito Media Concepts Email: ashrith.shetty@exito-e.com

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Advertisement

Source link

Continue Reading

Trending

Copyright © 2025