The U.S. Senate has postponed its vote on the CLARITY Act to September, pushing the crypto regulation bill further down the calendar. The delay gives industry lobbyists more time to work the hallways, but it also leaves exchanges and developers waiting on rules that could reshape the market. The news lands alongside a flurry of other developments: a Bitcoin security team says it found thousands of flaws in open-source code, Circle reports stronger USDC growth and a launch date for its Arc platform, and World Cup trading sent prediction markets to record volumes.
Senate punts CLARITY Act to September
The vote was originally expected sooner, but senators have pushed it back to September. No new date was given beyond the month. The CLARITY Act, which aims to clarify which agencies regulate digital assets, has been a priority for the industry. A delay isn't a defeat, but it stretches the uncertainty. For now, firms are left to guess how the bill will land.
Bitcoin security team flags thousands of open-source flaws
A Bitcoin-focused security team has uncovered thousands of potential flaws across open-source projects. The team, whose name wasn't disclosed in the report, said the issues range from minor bugs to serious vulnerabilities. Open-source code underpins much of crypto infrastructure, so the findings could spur a wave of patches. The team's work is a reminder that the ecosystem's security often rests on volunteer-maintained code.
Circle reports USDC growth, sets Arc launch date
Circle said its USDC stablecoin saw stronger growth in the second quarter. The company also set a launch date for Arc, its new platform. Arc has been in development for a while, and the date gives customers a concrete timeline. USDC's growth comes as competition among stablecoins heats up, with regulators paying closer attention to the sector.
World Cup trading pushes prediction markets to records
World Cup trading drove prediction markets to record volumes this week. Betting on match outcomes, goalscorers, and tournament winners surged as fans and traders alike piled in. The spike shows how real-world events can draw a new crowd into crypto-based prediction platforms.
