US Senator Cynthia Lummis submitted a bill on Thursday, proposing the exemption of certain cryptographic transactions from tax taxes and the defamation of taxes on extracting and imposing prizes, up to the sale of base tokens.
“My legislation ensures that Americans can participate in a digital economy without unintentional violations of taxes”, ” he said Snow.
The bill of the senator act was published three weeks after the conduct and establishment of national innovations for the American Act on the brilliant, or the genius of the Act that the Senate in 68-30 votes on June 11, Cointelegraph said.
The Genius Act can “legitimize” stablecoin for institutional participants, setting clear security standards, establishing them as a “better form of money,” said Andrea Gachev, managing partner at DWF Labs and Falcon Finance.
Increasing American regulatory transparency may allow more traditional financial players to search for decentralized financial services, due to their disappointment with traditional banking services, according to Aave Labs, Stani Kulechov.
“Thanks to terrible banking experience, we saw how many finances come to FinTech and fintech applications, which can capture a immense market share,” said Kulechov on stage at ETHCC 2025.
In addition to decentralized finances (DEFI), tokenization of assets in the real world is a “chance for many trillion dollars” for the cryptocurrency sector to get involved in traditional finances, added Kulechov.
In a wider cryptographic space, Bainlink, a decentralized Oracle Blockchain network for crossing, introduced a new compliance framework to unlock institutional capital with a value of over $ 100 trillion to the cryptographic market.
“ACE LINK LINK is a standard of compliance and identity that the tokenized asset economy was waiting for, and today’s premiere is the final critical component for over $ 100 trillion in institutional capital to transfer onchain,” said Sergey Nazarov, co -founder of Saetlink.
US Senator Cynthia Lummis designs an independent cryptographic tax account
US Senator Cynthia Lummis submitted a bill on Thursday, presenting several provisions to review the Tax Code and the exemption of certain digital assets from taxation after cryptographic amendments did not appear in the budget package.
. Bill proposes de minimis exemption for digital asset and capital profits in the amount of USD 300 or less, with an annual reduction of an exemption of $ 5,000.
Senator Wyoming also outlined the provisions regarding the exemption of loan agreements and digital assets used in taxes for charity. In addition, the Act proposed a postponement of taxes on extraction and imposing prizes until the sale of underlying assets. Lummis he said:
“These groundbreaking regulations are fully paid, cut bureaucratic bureaucracy and establishes the principles of common sense, which reflect the functioning of digital technologies in the real world. We cannot allow our archaic tax policy to suppress American innovations.
“My regulations ensure that Americans can participate in the digital economy without unintentional violations of taxes,” she added.
The independent bill is now the best opportunity for Senator Wyoming to adopt the provisions of the pro-section of the promised cryptographic community after the Senator adopted an expenditure account without solving digital assets.
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$ 250 million ONDO CATALYST Fund SIGNS “RACE” for RWA toxate
The DEFA ONDO Finance and Venture Protocol Panther Capital plans to boost investments in real assets (RWA), emphasizing the growing pressure of the industry on tokenization among favorable regulatory changes in the United States.
Both companies informed Axios that they plan to invest $ 250 million in RWA through a modern fund called Ondo Catalyst. ONDO strategy director, Ian de Bode, said that the funds would be invested to acquire rates and tokens in modern projects.
“We are now seeing some arms race on the tokenization market, debode said Axios, referring to the growth of companies entering space. In particular, the stock exchanges would zero the offers of tokenized shares and the stock exchange fund (ETF).
As recently, Cointelegraph informed, the digital brokerage company Robinhood has introduced a new blockchain of layers 2 to allow European clients to trade toxitated American actions and ETFs.
In May, Kraken announced plans to offer tokenized trade in USAGE SHARES to investors outside the United States.
Meanwhile, Crypto Exchange Coinbase apparently implements regulatory approval to offer toxicated actions, which would help compete with Robinhood and other trading platforms.
Ondo Finance has increased its pursuit of Onchain’s finances, recently announcing the creation of a global Alliance Markets with several cryptographic companies to accept capital markets based on blockchain. On Thursday, the company announced that the OKX wallet joined the alliance.
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PANCACESSWAP doubles a quarterly volume to $ 530 billion because updates increase growth
PANCACESWAP, Multichain decentralized exchange (DEX), reported a record level of turnover $ 325 billion for June, the highest monthly volume of trading in the five -year history of the platform.
In June, the total total in June in the amount of $ 174 billion and increased the PANCACESWAP volume in the second quarter to $ 530 billion, above the doubles of $ 211 billion registered in the first quarter, according to Dune Analytics data.
An increase in activity occurs after a number of recent updates, including the April implementation of Pancakswap Infinity, which introduced several functions designed to improve the impressions of users and trade performance.
The update introduced lower gas fees, configurable liquidity pools using “hooks” and supporting advanced liquidity suppliers through the types of clamm and LBAMM pools.
Chef Kids, head of Pancakswap, told CointeLgraph that PANCACESWAP Infinity offers key advantages for programmers and liquidity suppliers. For programmers, the platform enables the integration of new types of pool and non -standard hooks without re -implementing intelligent contracts or starting new versions, which “drastically reduces general costs and accelerates innovation.”
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Tips regarding the Crypto Fatf checklist in the next regulatory repression
Cryptocurrency regulations are increasingly in line with global standards, because 73% of eligible jurisdiction adopted provisions regarding the implementation of the principle of travel group of the financial group (FATF).
The rule of travel requires cryptographic service providers to collect and share transaction data of users, as well as traditional financial requirements. June 26 Fatf released The annual report presents how the last regulatory movements according to jurisdiction are convergent with its global money prevention framework (AML).
This is a direct result of the Fatf many years to adapt cryptocurrencies in accordance with the traditional AML and counter -counter financing standards (CFT).
Fatf was distinguished by Stablecouins and decentralized finances (DEFI) for the second year in a row, emphasizing their growing use in illegal finances, including actors from North Korea. The organization said that it plans to free targeted articles on Stablecouins, offshore cryptographic platforms and DEFs until the next summer, indicating where global cryptocurrency regulations can be guided.
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Cryptographic losses reached USD 2.5 billion in the first half of 2025, but the hacks are falling in the first quarter: Certical
Losses in cryptographic hacks, exploits and fraud increased to $ 2.47 billion in the first half of 2025, but in the second quarter there was a decrease in the total number of hacks, said Blockchain Security Certik.
Over USD 800 million was lost in 144 incidents in II2 compared with the previous quarter, with 59 smaller hacker incidents, Certik he said In the report from Tuesday.
In total, in the first half of 2025, losses due to hacks, fraud and feats are almost 3% increase compared to $ 2.4 billion in 2024.
However, considering that over $ 187 million returned in the first half of the year, Certik said that the corrected sum is closer to $ 2.2 billion.
Despite the boost in losses, Certik said that it does not necessarily “suggest the deteriorating security landscape”, because the lion’s share of the losses came from only two incidents, against the Crypto Exchange Bybit and Cetus protocol, worth $ 1.78 billion in total.
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DEFI discussion
According to CointeLraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies according to market capitalization ended a week in Zielony.
Pulchena penguins (Pengu) increased by over 66% as the largest week, followed by Bonk (Bonk) Memecoin, by almost 25% on a weekly chart.
Thank you for reading our summary of the most influential DeFI development this week. Join us next Friday to get more stories, observations and education about this dynamically progressive space.
