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The US Securities and Exchange Commission has postponed a pivotal vote on cryptocurrency exemptions, adding to momentum uncertainty as Congress stalls on its flagship digital asset legislation during a five-week recess.
The US Senate is pushing forward with the Clarity Act, landmark legislation that would establish federal oversight of cryptocurrencies. The bill faces a procedural vote in mid-September after the August recess, with support from President Trump and the crypto industry.
Johor authorities have dismantled an illegal bitcoin mining operation powered by stolen electricity from Tenaga Nasional Bhd. Three suspects were arrested and 71 mining devices seized during raids conducted across two days in late July.
The Financial Action Task Force has flagged a surge in organised crime exploiting cryptocurrency to launder billions, with criminals increasingly using stablecoins to evade asset seizure.
Paul Grewal, Coinbase's chief legal officer, is stepping down after six years heading the cryptocurrency exchange's legal strategy and Washington lobbying efforts. He will remain as an adviser.
Malaysian authorities have dismantled thousands of illegal cryptocurrency mining operations, confiscating more than 75,000 machines and detaining hundreds of suspects in a sustained enforcement drive.