U S Senate

Large Bitcoin holders have accumulated over 20,000 BTC since July 29, while U.S. spot Bitcoin ETFs attracted $754.69 million this week. The buying has not yet delivered a decisive breakout, with technical traders watching for a close above $65,000.

The U.S. Senate will not vote on the Digital Asset Market Clarity Act before its late-summer break, slowing momentum for one of the crypto industry’s most closely watched bills. Lawmakers are expected to revisit the measure when the Senate returns to Washington, D.C., in September, but unresolved political and policy disputes remain.

Senate negotiations over the Digital Asset Market Clarity Act remain focused on conflict-of-interest limits for federal officials. The central dispute is whether enforcement should rest with state attorneys general or the U.S. attorney general.

The U.S. Senate approved a nonbinding resolution stating that Sam Bankman-Fried should under no circumstances receive a presidential pardon or commutation. The move highlights continued bipartisan anger over FTX’s collapse, customer losses exceeding $8 billion, and one of the most infamous fraud cases in crypto history.