US senator Cynthia Lummis submitted a draft bill on Thursday suggesting to exclude some crypto transactions from taxation and postpone mining taxes and stacking rewards until the underlying tokens sold.
“My law ensures Americans can participate in the digital economy without accidental tax violations,” Says Snow.
Senator’s draft bill has been published three weeks after the guide and establishment of national innovation for US Stablecoins, or Genius Act, passed The Senate in a 68-30 vote on June 11, Cointelegraph reported.
The Genius Act May The “legitimize” stablecoins for institutional participants by setting clear collateralization standards, which cement them as a “better form of money,” said Andrei Grachev, managing the partner at DWF Labs and Falcon Finance.
Increasing the clarity of US regulation can enable more traditional financial players To look for decentralized financial services, because of their failure to traditional banking services, according to Aave Labs founder Stani Kulechov.
“Thanks to the terrible banking experiences, we have seen a lot of finances entering Fintech, and Fintech applications can capture many parts of the market,” Kulechov told onstage at ETHCC 2025.
More Decentralized Finance (DEFI)The Tokenization Of real-world assets is a “multi-trillion-dollar opportunity” for the crypto sector to engage in traditional finances, Kulechov added.
In the wider crypto space, the chainlink, a decentralized blockchain oracle network for crosschain communication, launched A New framework of compliance aims to unlock more than $ 100 trillion worth of institutional capital for the crypto market.
“The Chainlink Ace is the standard of compliance and identification of the tokenized property economy waiting, with the launch today providing a final critical building block for more than $ 100 trillion to institutional capital to move Onchain,” said Sergey Nazarov, the co-founder of the chainlink.
US Senator Cynthia Lummis has drafted Standalone Crypto Tax Bill
US senator Cynthia Lummis filed a draft bill on Thursday, outlining several provisions to overhaul the tax code and exclude some digital transactions from taxation after crypto changes failed in the budget package.
The Bill Suggests an exemption of de minimis for digital asset transactions and capital revenues of $ 300 or less, with a $ 5,000 annual exemption cap.
The Wyoming Senator also described provisions to exclude lending agreements in crypto and Digital assets used in charity contributions From taxation. In addition, the bill suggested that mining taxes and Staking rewards Until the underlying ownership is sold. Bummis Says:
“This groundbreaking law is fully paid, cut by bureaucratic red tape, and establishes common rules that reflect how digital technologies work in the real world. We do not allow our archaic tax policies to stifle modern American.
“My law ensures that Americans can participate in the digital economy without accidental tax violations,” he added.
Standalone Draft Bill which is now the best chance of Wyoming Senator to pass the pro-crypto law promised to the crypto community after SEnator passed the expenditure without addressing digital property.
$ 250 million ondo catalyst fund signals “arms race” for RWA tokenization
The Defi Protocol Ondo Finance and Venture Firm Pantera Capital Plan to increase investments in real-world assets (RWAs), which featured increased industry focus on tokenization amid favorable regulations in the United States.
Both companies have knowledge Axios They plan to invest $ 250 million in RWWA through a new fund called Ondo Catalyst. The Onddo’s chief strategy Ian de Bode, said the fund would invest to obtain equity stakes and tokens on emerging projects.
“We see a little weapon now” in the tokenization market, De Bode told Axios, which refers to the advancement of companies entering the space. The exchanges in particular have zeroed with tokenized stocks and funds exchanged (ETF).
Number Cointelegraph recently reportedDigital brokerage firm Robinhood has launched a new layer-2 blockchain to enable European clients to trade US and ETF stocks tokenized stocks.
In May, in May, Kraken announced the plans to offer tokenized US stock trading to investors outside the United States.
Meanwhile, Crypto exchange Coinbase has been reported pursuing regulatory approval To offer tokenized equities, a step that will help compete with Robinhood and other trading platforms.
Ondo Finance is ramping up its pushing on onchain finance, recently announced the formation of A Alliance of Global Markets with many crypto companies to drive the adoption of Blockchain-based capital markets. On Thursday, the company announced that the OKX wallet joined the alliance.
Pancakeswap doubles the quarterly volume up to $ 530 billion while upgrades promote growth
Pancakeswap, a multichein decentralized exchange (DEX), reported a record-breaking of $ 325 billion in trade volume for June, the highest monthly trading volume in the five-year platform history.
The total June exceeded the $ 174 billion of May and pushed the second-quarter volume of pancakeswap to $ 530 billion, more than the double of $ 211 billion recorded in the first quarter, according to data from Dune Analytics.
Climbing the activity follows a series of recent upgrades, including the April Rollout of Pancakeswap Infinity, which introduced several features designed to improve user experience and trading efficiency.
The upgrade introduced lower gas fees, customizable liquidity pools using “hooks,” and support for advanced liquidity providers through clamm types and LBAMM pools.
The Chef Kids, head of Pancakeswap, told Cointelegraph that Pancakeswap Infinity offers basic benefits for those who develop and provide with liquidity. For the developers, the platform allows new types of pools and custom hooks to be included without re -reviewing smart contracts or launching new versions, which are “very low -increasing overhead and accelerating change.”
FATF Crypto Hints of the FATF in the next regulatory cracking
Cryptocurrency regulations are increasingly aligned with global standards as 73% of the right jurisdictions have now passed the laws to enforce the travel rule of the Financial Action Task Force (FATF).
The Travel Rule requires crypto service providers to collect and share users’ transaction data, similar to traditional financial requirements. On June 26th, the FATF released Its annual report outlines how recent regulations that move through the constituents convert its global anti-money laundering (AML) framework.
This is a direct result of a year’s FATF campaign to bring cryptocurrencies in accordance with the traditional AML standards and counter-terrorist financing (CFT).
FATF Spotlighted Stablecoins and Decentralized Finance (DEFI) for the second consecutive year, emphasizing their rising use of illicit finances, including North Korean actors. The organization said it plans to release targeted papers in Stablecoins, Crypto platforms outside the country and DEFI next day, indicating where Global Crypto regulation can go.
Crypto losses hit $ 2.5B in the first half of 2025, but hacks fall into Q2: Certik
Losses in crypto hacks, exploitation and scams spun $ 2.47 billion in the first half of 2025, but the second quarter saw a collapse in the total number of hacks, the blockchain security firm Certik said.
More than $ 800 million lost in full 144 Q2 incidents, a 52% decrease in amount lost compared In the previous quarter, with 59 fewer incidents in hacking, certik Says In a report last Tuesday.
In total, the first half of 2025 saw more than $ 2.47 billion in losses Due to hacks, scams and exploitationrepresenting the nearly 3% increase to $ 2.4 billion stolen in 2024.
However, considering more than $ 187 million returning to the first half of the year, Certik said the suited sum is closer to $ 2.2 billion.
Despite the spike in losses, Certik said it was not necessary to “suggest a worsening security landscape” because part of lion’s losses came from only two incidents, against the crypto exchange bybit and Cetus protocol, worth $ 1.78 billion combined.
Overall -Defi Market
According to the data from Cointelegraph Markets Pro And tradingview, most of the 100 largest cryptocurrencies by market capitalization ended the week in green.
The pudgy penguins (Pledge) token increased by more than 66% as the largest week of the week, followed by Bonk (Bonk) Memecoin, up to about 25% in the weekly chart.
Thanks for reading our summary of the most affecting defi development of this week. Join us next Friday for more stories, perspectives and education about the dynamic advancement of this space.
