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American CryptoFed withdrew Locke after staff found material failures in the filing behind its zero-inflation monetary experiment.
Washington removed crypto’s favorite excuse for failure, and the market responded by exposing a problem no regulator could fix: too few buyers.
The review will test whether a securities exchange can list direct Bitcoin index options in a market CME says belongs exclusively under CFTC oversight.
Four crypto allies are exiting Treasury, the White House, SEC and Senate as lawmakers race to finish the US digital asset rulebook.
Covered dealings must end before the cutoff; later withdrawals require discretionary approval and a full exit from HTX.
The CLARITY Act enters the Senate’s final week before recess with no vote scheduled, unresolved disputes and passage odds near 30%.
An ordinary Friday vote requires a Wednesday filing, while a bipartisan petition or unanimous consent could move faster.
U.S. persons must block covered property and report within 10 business days, while foreign exposure hinges on conduct and nexus.
The July 31 petition also seeks restitution and three times alleged gains, while the federal merits remain unresolved.
