Clarity may get a vote, but don’t get your hopes up yetDespite wealthy memecoin entrepreneur Donald Trump agreeing to an ethics deal, the Clarity Act is floundering as the August recess deadline looms. Senate Majority Leader John Thune doesn’t believe the Act has the votes to pass just yet, but may bring it to a vote anyway to “get Clarity started. We’ll see where the votes are.”The ethics deal would prohibit all US officials from issuing or sponsoring digital assets, but contains some “get out of jail free” provisions for the President that the Democrats are unhappy with, including the…

Russia’s largest bank, Sberbank, plans to build cryptocurrency trading infrastructure and launch a digital depository by Dec. 1 as Russia moves to bring crypto trading, custody and settlement into its regulated financial system.The depository, according to Interfax, will record clients’ ownership of cryptocurrency and process most transactions outside the underlying blockchain. Sberbank will operate active wallets for client-initiated deposits, withdrawals and transfers.The plan follows the Federation Council’s approval of a law regulating cryptocurrency trading through licensed brokers, exchanges, asset managers and depositories.The framework is set to take effect Sept. 1, though rules requiring transactions to pass through licensed intermediaries will…

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