Beyond the stolen millions, the breach exposed a deeper truth: Iran’s crypto economy is less a market than an extension of state power. Leaked code shows surveillance built in, VIPs protected, and miners mobilized in crisis. In a report shared…

Iran’s crypto crackdown: what the Nobitex hack really revealed

A bill moving through Congress could reshape how big companies sell their 
shares. Senator Elizabeth Warren of Massachusetts warned that the CLARITY Act 
might let firms dodge long‑standing rules. Related Reading: If You’re Wealthy, 
1 Bitcoin Should Already Be In Your Wallet, Expert Says Based on reports, the 
measure would shift certain tokens onto a “mature” blockchain and hand 
oversight to the CFTC instead of the SEC. Warren Warns Of A Regulatory 
Loophole According to Warren, the bill’s text would let any company listed on 
the NYSE put its stock on a qualifying blockchain. At that point, companies 
could escape SEC registration. She said that could “blow up the value of the 
NYSE” by cutting out investor protections. Under the draft, token sales using 
a functional chain still count as fundraising, but tokenized shares may slip 
free of SEC checks. She wants to limit US companies (Amazon, Meta, GE) to 
protect the &#8220;US economy&#8221; / NYSE? Not against NYSE, but it&#8217;s just one company, 
fully owned by ICE, market cap: ~$100 billion. Amazon market cap: $2.40 
trillion. NYSE ≠ economy. All companies = economy. https://t.co/6Xo6QVgL1p — 
CZ 🔶 BNB (@cz_binance) July 17, 2025 Companies could raise money without 
filing the same forms. They would not need to share audited reports or follow 
proxy rules. Retail investors might face hidden risks if their favorite 
blue‑chip stock suddenly shifts on‑chain. Crypto Week Sees Multiple Bills This 
week in Washington is packed. The House Agriculture Committee and the House 
Financial Services Committee both cleared the CLARITY Act. It now heads toward 
the Senate, where approval is not guaranteed. (Update &#8211; On Wednesday, the GOP- 
led US House navigated crucial procedural checkpoints for crypto reform, just 
a day after President Donald Trump stepped in to keep the effort 
alive—clearing the path for America’s inaugural federal digital-asset statute. 
Those approvals came on the heels of more than nine hours of 
behind‑closed‑doors negotiations, as party leaders courted skeptics uneasy 
about the bill’s design.) US President Donald Trump said he expects these 
bills to land on his desk after Senate votes. Representative Andy Harris noted 
that the House Freedom Caucus plans to meet soon to add CBDC language into the 
CLARITY draft. Large parts of the market are watching closely. Token 
classification under one agency or another could shift billions in trading 
volume overnight. Related Reading: Massive Whale Profits $15 Million—Now 
Betting Big On Ethereum To Crash Industry Voices Split On Regulation Ripple 
CEO Brad Garlinghouse pointed out that over 55 million US citizens now use 
crypto. He cited a $3.4 trillion market cap and urged a clear framework to 
secure the industry’s future. On the other side, Americans for Financial 
Reform warned that the bill would curb the SEC’s powers to guard retail 
investors. They said it is more deregulatory than FIT21 from 2024, raising 
risks of scams and theft. SEC Commissioner Hester Peirce has said token rules 
should not remove securities‑law coverage where it belongs. Representatives 
Maxine Waters and Angie Craig also voiced concerns that the legislation favors 
big crypto players over everyday investors. Featured image from Meta, chart 
from TradingView

Is That Right? US Senator Says Crypto Could ‘Blow Up’ Financial System

The SEC is celebrating a regulatory revolution as landmark crypto legislation 
races toward final approval, promising sweeping clarity, innovation momentum, 
and stablecoin dominance for U.S. markets. SEC Hails Regulatory Breakthrough 
With GENIUS Act Awaiting Trump’s Sign-off U.S. Securities and Exchange 
Commission (SEC) Chairman Paul Atkins released a statement on July 17 
following the passage of […]

SEC Declares Crypto Milestone With GENIUS Act Pushing Toward Trump’s Desk

Crypto just hit warp speed in Washington as three landmark bills cleared the 
House, laying powerful groundwork for U.S. dominance in digital assets, 
stablecoins and blockchain innovation. 3 Crypto Bills Clear House—Wall Street 
and Washington Are Now Aligned The House of Representatives voted July 17 to 
pass three major cryptocurrency bills, signaling a decisive move […]

Crypto Scores Huge Win: House Passes 3 Landmark Crypto Bills

Russia’s largest lender, the state-run Sberbank, revealed Thursday that it 
plans to launch custody services for Russian crypto holdings, according to 
Reuters. With this step, Sberbank aims to claim a pivotal position in the 
country’s shifting digital asset space. Sberbank Responds to Foreign Custody 
‘Risk’ in Russia According to a Reuters report, the announcement follows […]

Sberbank Proposes Russian Crypto Custody Services

XRP&#8217;s surge and regulatory clarity could accelerate its adoption, potentially 
reshaping the stablecoin market and influencing retirement investments.
The post XRP hits new all-time high after seven years as market cap tops $200B 
appeared first on Crypto Briefing.