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On September 22, the House of Representatives of Jamaica began reviewing the "Virtual Assets Service Providers Act," which aims to establish a licensing and regulatory framework for cryptocurrency exchanges and other virtual asset service providers, and to ensure compliance with international standards such as anti-money laundering.The bill stipulates that businesses providing virtual asset services to Jamaican consumers, regardless of their headquarters location, must obtain a license from the Financial Services Commission (FSC); operating without a license will constitute a criminal offense. Licensed entities must also fulfill obligations such as customer identity verification, transaction monitoring, and reporting suspicious activities.Jamaica's Minister of Finance Fayval Williams stated that FSC licensing only regulates business operations and does not constitute official recognition or guarantee of the digital assets being traded. The Jamaican dollar remains the only legal tender in the country, and the FSC will be authorized to license, supervise, and shut down non-compliant virtual asset businesses.

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.

Axios reported that allies of Trump are attacking Dario Amodei, the CEO of the artificial intelligence company Anthropic, as a representative of the "doomsday" narrative surrounding artificial intelligence and one of the founders of the effective altruism movement. Sources say that during the midterm elections, allies may target Anthropic when countering his warnings about AI safety; due to his political stance and concerns about AI safety, he is seen as an easy target. This is concerning for investors as the company is preparing for an anticipated record-breaking initial public offering.The report states that a memo began circulating internally within the White House this week, attempting to portray effective altruism as a fringe, cult-like group detached from mainstream America, with Axios claiming to have obtained the document. The memo was written by a Trump political advisor not currently employed by the White House, stating that effective altruism "has established a doomsday pipeline for artificial intelligence," placing Amodei at the foundational position of the movement, while also mentioning his sister, Daniela Amodei, president of Anthropic, referring to these connections as "Anthropic nodes." A source close to the government said that Amodei embodies an ideology and globalist innovation path that contradicts the president's "America First" agenda.Anthropic has been distancing itself from effective altruism. Daniela Amodei stated in a 2025 Wired report that she does not agree with the term. Dario Amodei has insisted in interviews that he is not a member of the movement and has promoted the benefits of artificial intelligence.

On Wednesday, the U.S. House Financial Services Committee advanced the American Reserve Modernization Act (H.R. 8957) with a vote of 28 in favor and 21 against. All 28 votes in favor came from Republicans, while all 21 votes against came from Democrats. The bill requires the Treasury Department to establish a Bitcoin strategic reserve and digital asset reserve within 180 days and mandates federal agencies to report their held assets within 60 days.The Bitcoin included in the reserve cannot be sold, exchanged, auctioned, or mortgaged for 20 years. The revised text removes provisions for purchasing more Bitcoin using Federal Reserve funds, gold certificates revaluation, and tariff revenue, adjusting the frequency of reserve proof reporting from quarterly to annually. The bill does not authorize the purchase of Bitcoin but only requires the Treasury and Commerce Departments to study acquisition plans with no cost to taxpayers.

The House Committee on Ways and Means passed the "Digital Asset Tax Clarification Act" with a vote of 38 in favor and 5 against, establishing the first federal tax framework for digital assets. The bill sets a threshold for taxation, stating that cryptocurrency transactions with network or transaction fees not exceeding $10 are exempt from taxes, but this exemption does not apply to service providers conducting transactions on behalf of others, and the relevant provisions will not take effect until December 2027.The bill also requires the Treasury Department to establish a voluntary disclosure program for digital assets within 12 months of the bill's enactment, allowing eligible taxpayers to amend previous filings and settle owed taxes, interest, and penalties. The bill specifies that income from mining and staking will be taxed as ordinary income, while allowing certain investment trusts to stake without affecting their tax status. The previous version included an option for deferred income recognition, but that provision has been removed, and the issue of income recognition timing remains unresolved.Committee Chairman and Republican Congressman Jason Smith called it a historic moment for the committee. This vote took place the day after the Senate's procedural vote on the "Clarity Act" failed (49 votes to 50), with Democrats opposing the bill mainly due to ethical concerns raised by Trump's cryptocurrency interests. The House will recess until after the November elections, and the bill may advance during the lame-duck session, with public attention shifting to the Senate Finance Committee.

Crypto journalist Eleanor Terrett posted on the X platform, stating that although the CLARITY Act has been stalled in the U.S. Senate, the House of Representatives will continue to advance several cryptocurrency-related legislations today. At 10 AM Eastern Time, the House Ways and Means Committee will review and amend a cryptocurrency tax bill.Meanwhile, the House Financial Services Committee will also begin reviewing several bills, including the House Strategic Bitcoin Reserve Act proposed earlier this year by Congressman Nick Begich.

OpenAI supports the FRONTIER Act proposed by both parties in the U.S. House of Representatives, which requires leading artificial intelligence companies to bring in external assessment organizations to ensure model safety.Chris Lattner, OpenAI's head of global affairs, stated that the company supports the key provisions of the bill and met with the sponsors on Capitol Hill to discuss arrangements for independent verification organizations.

The Chairman of the U.S. House of Representatives' Ways and Means Committee, Jason Smith, announced the 114-page "Digital Asset Tax Clarification Act" (H.R. 10357), which aims to exempt taxes on network or transaction fees below $10, and will hold a committee review on September 16 at 10 AM. The bill stipulates that users with more than 5,000 transfers in the previous year are not eligible for the aforementioned fee exemption.Another accompanying bill aims to include digital assets in wash sale rules and presumption of sale rules, but excludes qualified stablecoins, expecting to increase revenue by $2.074 billion from fiscal years 2026 to 2036. The accompanying bill also proposes to allow miners and stakers to defer income from newly generated tokens until the time of sale, with an expected ten-year fiscal cost of $2.956 billion. Republican members of the committee are considering removing the relevant provisions or limiting the deferral period to five years.

The U.S. House of Representatives' fundraising committee is scheduled to review a series of digital asset tax legislation on September 16, advancing the crypto tax bill toward a full House vote. This review focuses on two core issues: when miners and stakers should pay taxes on newly created tokens, and whether the wash sale rules applicable to stocks should cover digital assets.The two key bills are the "Mining and Staking Tax Clarification Act" H.R. 9175 and the "Applying Existing Tax Anti-Abuse Rules to Digital Assets Act" H.R. 9172. The former stipulates that miners and stakers do not need to pay taxes immediately upon receiving new tokens but can wait until the tokens are actually sold to pay taxes as ordinary income; the latter extends wash sale and constructive sale rules to actively traded digital assets, closing tax loopholes that crypto traders have exploited for years.

According to Polish Radio, the Polish House of Representatives failed to overturn President Karol Nawrocki's veto of the cryptocurrency market regulation bill. In the vote, 241 of the 442 attending members supported overturning the veto, 198 opposed it, and 3 abstained, falling 25 votes short of the required 266. This is the third time Karol Nawrocki has vetoed the bill. The bill proposes that the Financial Supervision Authority (KNF) be responsible for regulating the cryptocurrency market. The president believes the bill is overly regulatory and could force Polish businesses to relocate. Prime Minister Donald Tusk called for support of the bill before the vote and mentioned the investigation into the defunct Zondacrypto exchange.

The crypto market has always been rife with rumors. Today, an HTX spokesperson responded to recent rumors regarding Sun Yuchen and the platform, emphasizing that this is part of the "expected game" and that the platform's operations are normal. In the Web3 industry, there are very few trading platforms that can survive and cross a 13-year cycle; time and data are often the most objective measures to test market FUD.

The U.S. House of Representatives will vote next Tuesday on a temporary funding bill. This vote will use the "suspension of the rules" procedure, which means the bill must receive a two-thirds majority support from those present to pass. This high threshold voting procedure is typically used for legislative matters that are less controversial and have bipartisan consensus.The background for this vote is the funding deadline pressure facing the U.S. federal government. The federal funding for the current fiscal year will expire on September 30, and if Congress fails to pass a new funding bill or a temporary continuing resolution before then, the federal government will face the risk of a partial shutdown. Previously, the House and Senate have each advanced their own temporary funding proposals aimed at extending government funding into the fall.

According to three informed sources, in mid-May, when U.S. negotiators attempted to reach an agreement to end the war with Iran, they encountered a problem: they could not determine whether the Iranian representatives across the negotiating table truly represented the Islamic Revolutionary Guard Corps, which holds significant influence in the country. The report stated that, as a result, officials from the Trump administration took an unusual approach—bypassing the Iranian negotiating representatives and directly contacting senior leaders of the Islamic Revolutionary Guard Corps.The U.S. chose Nechirvan Barzani, the President of the Kurdistan Region of Iraq, to handle this secret communication channel. He possesses a rare advantage: he has gained the trust of both the U.S. and the leadership of the Islamic Revolutionary Guard Corps. This incident highlights that one of the significant reasons for the difficulties in U.S.-Iran negotiations is Washington's inability to determine who truly holds decision-making power in Iran. The U.S. and Iran did eventually reach a memorandum of understanding, but it quickly fell apart.

According to CoinDesk, U.S. House Democrat Maxine Waters submitted an 11-page letter to the U.S. Department of Labor, requesting the withdrawal of a proposal that allows 401(k) retirement plans to invest in alternative assets (including private equity, private credit, real estate, commodities, and digital assets).Waters stated, "On one hand, the Department of Labor acknowledges that digital assets are suitable for the retirement savings of ordinary Americans, while on the other hand, the Securities and Exchange Commission (SEC) is still building investor protection mechanisms aimed at ensuring the safety of ordinary investors in these assets, which is inherently contradictory. The risks are not limited to the volatility of individual tokens (although the volatility is indeed significant); it reflects the general deterioration of the entire digital asset ecosystem, with trading activity, developer participation, and user engagement all significantly declining."Waters previously served as the chair of the House Financial Services Committee during the last Democratic administration, and if the Democrats win a majority in the U.S. House of Representatives after the November midterm elections, she may again serve as the chair of that committee.

According to Cointelegraph, the U.S. House of Representatives passed housing legislation with a vote of 358 to 32, which includes a provision for a temporary ban on central bank digital currencies (CBDC), lasting until 2030. The bill has now been sent to President Trump for signing. Previously, it was reported that the U.S. Senate passed a housing bill that includes a four-year ban on the Federal Reserve's CBDC.

Chairman of the U.S. House Military and Foreign Affairs Subcommittee, Republican Congressman William Timmons, announced that a roundtable meeting will be held on June 25, focusing on how digital assets and cryptocurrencies can help individuals protect their wealth, access assistance, and maintain economic autonomy. In addition, this roundtable will also explore the intersection of digital finance and U.S. national security interests, and examine how the U.S. can promote financial innovation and maintain competitiveness in the digital finance sector.

According to Livecoins, the Brazilian House of Representatives' Finance and Taxation Committee (CFT) has approved a bill to penalize cyber fraud, authorizing the freezing of cryptocurrency balances of individuals under police investigation, and also proposing amendments to relevant provisions of the Penal Code to increase penalties for cybercriminals.Crimes committed through social media or phone will face harsher penalties, with those convicted of cyber attacks facing imprisonment of 6 to 10 years, up from the previous 4 to 8 years. Additionally, judges will have the authority to freeze suspects' assets in Bitcoin exchanges and bank accounts. Some preventive measures include freezing physical assets and prohibiting the use of payment systems. The bill will next be submitted to the Constitution and Justice Committee (CCJ) for review, which is expected to be completed in the coming days.

According to CoinDesk, bipartisan members of the U.S. House of Representatives introduced a bill on Thursday to establish a federal cryptocurrency theft task force led by the Attorney General, aimed at coordinating and leading investigations into cryptocurrency theft, fraud, and hacking.The bill was jointly initiated by Republican member Lance Gooden of the House Judiciary Committee and Democratic member Josh Gottheimer of the House Financial Services Committee.The task force will encompass multiple federal agencies, including the Department of Justice, the Federal Bureau of Investigation, the Department of Homeland Security, and the Department of the Treasury, aiming to address the $11 billion theft and fraud issues caused last year and provide a unified federal response mechanism for victims.

According to crypto journalist Eleanor Terrett, the U.S. House of Representatives' fundraising committee held a crypto tax hearing at 2 PM local time, introducing six separate bills and a discussion draft beforehand. The six bills cover crypto donations, taxation of mining and staking, reporting requirements, equal tax treatment, voluntary disclosure, and applying existing anti-abuse tax rules to digital assets; the discussion draft addresses offshore crypto tax evasion.The committee stated that the aforementioned bills aim to create clarity, fairness, and operability for digital assets, and to maintain the U.S. position as a global crypto hub. Witnesses attending the hearing included representatives from Fidelity, Coinbase, Coin Center, and NYU's Tax Law Center.