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Former New York Governor and OKX Director Andrew Cuomo stated that if the Democratic Party wins Congress in the midterm elections, the current regulatory progress in the cryptocurrency industry may be overturned. He noted that the ad hoc rules set by regulators are much weaker than legislation and emphasized that "regulation is not legislation."Previously, on September 15, the Senate voted 49 in favor and 50 against to veto the CLARITY Act, which aimed to establish federal rules for the cryptocurrency market, failing to reach the 60-vote threshold; the SEC granted a five-year exemption for tokenized stock trading on September 17. Andrew Cuomo expects the new Congress to closely scrutinize such agency rules and hopes that the lame-duck Congress will pass relevant legislation before January 1 of next year.

The Democratic investigators of the Permanent Subcommittee on Investigations of the U.S. Senate Committee on Homeland Security and Governmental Affairs released a report accusing USDT of becoming an important financial conduit for Iran's shadow banking system, and called for the Treasury Department and the Justice Department to investigate whether Tether violated sanctions and banking laws. The report mentioned Tether's relationship with the Trump administration, including business dealings between Tether and Cantor Fitzgerald, controlled by Commerce Secretary Howard Lutnick's family, as well as Bo Hines, the former head of the White House Cryptocurrency Committee, serving as Tether's head of U.S. operations.This report continues the Democratic investigation into the Trump family's cryptocurrency business. In May 2025, Richard Blumenthal launched an investigation into TRUMP, the token holders' dinner, and World Liberty Financial; in June, Elizabeth Warren and Jeff Merkley demanded explanations from MGX and Binance on why they used the Trump family-affiliated stablecoin USD1 to settle a $2 billion investment. In November, the Democratic members of the House Judiciary Committee released a report accusing the Trump family of profiting from cryptocurrency businesses such as WLFI and TRUMP, describing regulatory rollbacks, termination of enforcement, and pardons for related individuals as a form of benefit transfer, claiming their cryptocurrency assets were valued at up to $11.6 billion, with related revenues exceeding $800 million in the first half of 2025.In 2026, Ro Khanna investigated reports that members of the UAE royal family spent $500 million to acquire a 49% stake in WLFI, and whether this transaction was related to U.S. policies on AI chips in the UAE;

The crypto media The Block reported that there are 36 days until the U.S. midterm elections. The cumulative trading volume on the U.S. presidential election market on the prediction market platform Polymarket US has surpassed $545 million, making election-related markets one of the largest by trading volume on the platform.Traders currently assign a 91% probability to the Democratic Party winning the U.S. House of Representatives, up from 73% in May. The aforementioned trading volume and probability are both derived from the U.S. election-related markets on Polymarket US.

According to a report by Reuters, if the Democrats gain control of the House of Representatives or the Senate after the midterm elections in November, they are expected to launch investigations into business dealings related to Trump and his family, focusing on the cryptocurrency, prediction markets, and investment businesses involving the Trump family, as well as companies that funded projects for the White House.The report states that controlling either chamber of Congress will give the Democrats more resources for committee investigations and subpoena power, with some investigations potentially starting as early as February next year. The subjects of investigation frequently mentioned by Democratic lawmakers include the venture capital firm 1789 Capital, in which Donald Trump Jr. is involved, as well as cryptocurrency companies related to the Trump family, but a final list of investigations has not yet been established.Additionally, Republican Senator John Curtis has previously called for an investigation into some of Donald Trump Jr.'s business relationships, believing that the commercial activities of the presidential family should be subject to consistent congressional oversight.

A survey by the Democratic Party of the U.S. Senate claims that the stablecoin USDT issued by Tether has become a major payment method for Iran. The survey shows that among over 800 sanctioned cryptocurrency wallets, about 84% primarily or exclusively use USDT.The U.S. Senate Permanent Subcommittee on Investigations had previously stated that its review of blockchain records, sanctions lists, and asset seizure notices found that the sanctioned wallets are mainly distributed across the Tron and Ethereum networks and have conducted USDT transactions.

The U.S. midterm elections have become a key concern for the stock market amid the surge in AI trading. Polls indicate that the Democratic Party may regain control of Congress, and Wall Street strategists point out that this could put pressure on AI boom stocks.The Chief Market Strategist at Zacks Investment says that if the Democrats perform strongly in the elections, hearings on AI safety issues may increase. A strategist at Wolfe Research expects that the Democrats may establish an "AI Special Committee" for inquiries.

Democratic members of the U.S. Senate Banking Committee sent a letter to the committee's chairman, Republican Senator Tim Scott, calling for a congressional hearing on prediction markets. The Democrats stated in the letter that the committee has a "critical oversight responsibility" in regulating prediction markets and emphasized that Congress should examine prediction markets through public hearings on a bipartisan basis, rather than in closed-door roundtable meetings limited to Republicans and industry-friendly discussions. Senators including Elizabeth Warren signed the letter.On the same day, Republican members of the Senate Banking Committee met with Tarek Mansour, CEO of the prediction market platform Kalshi. Scott stated in a statement to The Block that he convened Republican lawmakers to meet with Kalshi to better understand the opportunities and challenges presented by securities-linked products. The two sides discussed keeping innovation within the United States, how investors use these products, protecting retail investors, and regulatory issues that Congress should address. Kalshi did not immediately respond to a request for comment.Currently, the U.S. Commodity Futures Trading Commission (CFTC) advocates for a leading role in the regulation of prediction markets but faces opposition from various states, which claim jurisdiction over sports event contracts. The Senate Banking Committee, on the other hand, has jurisdiction over the SEC and is responsible for regulating "securities-linked products" related to prediction markets. Democrats pointed out that the bets offered by such products, which are linked to company performance metrics, may fall under the SEC's regulatory scope. It has been reported that Cboe Global Markets is seeking SEC approval for its listing of "all-or-nothing options" linked to company earnings results.

U.S. Republican Senator and Wyoming Federal Senator Cynthia Lummis stated: The Democrats had previously requested that any cryptocurrency project raising more than $25 million from the public provide audited financial statements, and this requirement has been written into the bill.Lummis noted that the Democrats voted against the transparency they had requested. Lummis has served as a Federal Senator from Wyoming since 2021, having previously served as a member of the U.S. House of Representatives from 2009 to 2017.

Crypto In America host Eleanor Terrett reported that seven Democratic senators, including Kirsten Gillibrand, Mark Warner, Ruben Gallego, and Angela Alsobrooks, stated that they are "committed to passing the Clarity Act in a bipartisan manner."This statement comes as both sides are making initial efforts to restart bipartisan negotiations and assess the willingness of all parties to return to the negotiating table and push for the passage of the Clarity Act before the end of the year. This information comes from three informed sources.

According to Crypto in America, the U.S. Senate will hold a crucial procedural vote on the "Clarity Act" at 2:15 PM on September 15, which requires 60 votes to advance to formal debate. The Republican Party has made 126 substantive amendments to the bill at the request of the Democrats, covering ethical provisions, software developer protections, and a "circuit breaker" mechanism for stablecoin deposits, and has designated this as the "final, best, and ultimate" text.On the eve of the vote, the Democrats still proposed counter-proposals, calling for further tightening of large cryptocurrency holding limits, blockchain regulatory provisions, and exchange conflict of interest rules. Patrick Witt, Executive Director of the White House Crypto Council, expressed that he "feels good" about the voting outcome but admitted that the final result depends more on political maneuvering than on the policy itself.Eight banking industry groups, including the American Bankers Association, continue to oppose the bill, arguing that there are loopholes in the existing stablecoin yield provisions; meanwhile, the White House Council of Economic Advisers has introduced new tools to counter the banking industry's assertion that stablecoins will lead to deposit outflows.

According to Politico, U.S. Senate Minority Leader Chuck Schumer arranged a Democratic caucus meeting to discuss the Clarity Act on Sunday evening.The landmark cryptocurrency bill will face a Senate vote on Tuesday.

U.S. Republican Senator Cynthia Lummis has once again criticized the Democrats for delaying the much-anticipated Clarity Act. Lummis stated in response to a Semafor report on the X platform that if the bill fails, the responsibility lies with the Democrats for failing to join Republicans in supporting this bipartisan legislation. She pointed out that the Democrats' continued demands for amendments could lead future regulatory agencies to "stifle the crypto industry." Lummis added that if the differences can be bridged, she believes the Clarity Act could pass, but this requires further compromise from the Democrats, rather than concessions from the White House. Lummis had previously stated that if the bill fails, it will be due to the Democrats. The U.S. Senate is set to hold a procedural vote on the bill next week, and Lummis warned that if it does not pass next week, there will be no realistic opportunity within this decade. The Clarity Act aims to formally delineate the responsibilities of regulatory agencies and distinguish whether digital assets are classified as securities, commodities, or stablecoins. The bill was passed by the House of Representatives last July but was shelved due to conflicts between banking lobbyists and crypto companies over customer stablecoin yield issues. A new draft circulating in July prohibits government officials from promoting or profiting from crypto, with Democrats criticizing the Trump family for venturing into this area, yet still deeming the bill insufficient and calling for amendments.

Matthew Sigel, the Head of Digital Asset Research at the asset management company VanEck, stated on CNBC that Bitcoin does not need a Republican president to perform well, and former President Biden is not anti-Bitcoin. Sigel pointed out that despite Republicans repeatedly criticizing Democrats for being anti-cryptocurrency, and the regulatory agencies under the Biden administration suing digital asset companies, Bitcoin can still develop healthily under Democratic governance.Sigel also discussed the delay in the legislation of the Clarity Act, which aims to establish a classification framework for digital assets and clarify the regulatory jurisdiction over securities, commodities, or payment stablecoins. Some Republican senators accused Democrats of delaying the legislation, while Coinbase's Chief Policy Officer Faryar Shirzad believes that the opposition mainly comes from older Democrats, and the younger generation better understands technological changes, making cryptocurrency potentially the most bipartisan issue in Washington.Recently, Bitcoin has shown strong price performance, rising nearly 24% in the past seven days, reaching as high as $81,160, and currently retreating to about $78,438. Previously, the Trump administration promoted the establishment of a Bitcoin strategic reserve and issued several executive orders supporting cryptocurrency.

Zhao Changpeng stated on the X platform that the fifth season of EASY Residency under YZi Labs is now open for applications, with a deadline of September 14. This season's recruitment directions include programmable capital and on-chain markets, AI infrastructure and computational economics, AI interfaces and consumer layers, as well as AI × biotechnology and programmable science. CZ also mentioned that the Demo Day for the fourth season of EASY Residency will be held next week in Bhutan, and he will attend.

According to Catcher Predict monitoring, the "Democratic Party 2028 Presidential Candidate" event is currently the most actively traded on the prediction market Polymarket, with a cumulative pool size reaching $12.654 billion. The option with the highest market consensus is "Alexandria Ocasio-Cortez," corresponding to a winning probability of approximately 22.9%.

Lighter CEO Vladimir Novakovski stated at the first meeting of the CFTC Innovation Advisory Committee that DeFi should not be seen as the opposite of regulators, and that on-chain verifiable transaction records assist regulators in their work regarding transparency, consumer protection, and market fairness. He pointed out that decentralized verifiable finance is expected to become an important part of the future financial infrastructure in the United States, and the industry should promote the evolution of technology towards open-source and verifiable directions.Novakovski also mentioned that AI has the opportunity to drive financial democratization, allowing users to build trading strategies based on their own judgment, a capability that has primarily been available to high-net-worth individuals and professionals in the past. He also warned that the main risk of AI in the financial sector is consumer protection issues, such as users not understanding the actual functions of models or being misled by deceptive advertising, and suggested establishing a sandbox mechanism to validate the effectiveness and verifiability of AI models before large-scale application.

According to Bloomberg, AI pioneer Fei-Fei Li stated that the tech industry needs to better explain the value of artificial intelligence to the public and warned that the growing anti-AI sentiment in the United States could pose risks to global AI development. In an interview with Bloomberg, Fei-Fei Li mentioned that tech practitioners need to strengthen communication with the public to showcase the positive impacts that AI technology can bring.She pointed out, "If we do not demonstrate a positive attitude and a positive direction for development, everyone will be affected." The United States has significant influence in the global tech sector, and if the U.S. cannot show a "positive attitude and development path for AI," it will ultimately affect the entire world.

The AlphaArena Bali Grand Finals will be held on August 20 during CoinFestAsia in Bali, Indonesia. The event is sponsored by MEXCVentures and co-hosted by TRIV, with a total of 20 professional traders expected to participate. The lineup consists of players who advanced from regional online competitions and TRIV participants, with a total prize pool equivalent to $100,000 for this season.The finals will adopt an esports-style DEMO simulated trading format, featuring timed rounds, real-time profit and loss simulations, live leaderboards, and event commentary. The public can watch the competition through the official livestream and AlphaArena channels.