Nikhilesh De

After a long stretch without breakthroughs in the crypto market structure bill, insiders say a new draft may emerge in a final push for late-July action — though it still lacks bipartisan buy-in.

Coinbase Chief Legal Officer Paul Grewal will depart the exchange, though he'll continue as an adviser, he said Thursday.

Several sources told CoinDesk that a new draft of the Clarity Act may drop this week, but challenges remain.

Illinois enacted a 0.2% tax on all crypto transactions last month, with the tax taking effect next year.

Several of the Democrats most likely to vote for the crypto market structure bill said they had issues with the new draft published by Republicans earlier in the day.

Senator Cynthia Lummis, one of the lead negotiators on the bill, told CoinDesk she was "pleased" that the updated bill was ready for release.

The Senate leaves town in two weeks. Here's what needs to happen for Clarity to advance before then.

A federal judge ruled that Minnesota's law criminalizing prediction markets would probably violate the federal Commodity Exchange Act.

The Senate is going on its summer break in a week, leaving next to no time left to sort out its remaining priorities in August. And obviously, the fate of Clarity is one of those priorities.

The Senate has not yet indicated if it will advance the Digital Asset Market Clarity Act, and with its summer recess looming, here are the possible outcomes.