The crypto market is watching Washington closely as momentum builds around the CLARITY Act, with prediction market odds rising after lawmakers reportedly reached an agreement on key ethics provisions. While markets remain divided on whether the legislation will pass this year, Tom Lee, Co-Founder and Head of Research at Fundstrat Global Advisors and Chairman of BitMine Immersion Technologies, believes the current odds may still underestimate its chances. If passed, the bill could provide one of the most significant regulatory frameworks for the U.S. digital asset industry.
Meanwhile, Coinbase scored another legal victory after the U.S. Securities and Exchange Commission (SEC) agreed to pay $150,000 in legal fees to settle the company’s lawsuit over access to internal documents tied to the agency’s cryptocurrency enforcement actions during the Biden administration. The agreement also requires the SEC to release previously withheld documents and review additional records, marking another important development in the ongoing debate over crypto regulation in the United States.
Elsewhere, Robinhood is upgrading its premium Gold Card with expanded travel and lifestyle benefits, while security concerns continue to plague decentralized finance. More than $35 million was lost across multiple bridge and cross-chain protocol exploits in just six hours, impacting ALEX Protocol, the Versa Ethereum Bridge, and the B² Network. From regulation and legal battles to fintech innovation and DeFi security, today’s Crypto Daily Download covers the biggest stories shaping the digital asset industry.