Sen. Roger Marshall (R-KS) said in an interview with Fox Business that he still has concerns about crypto, noting its use by cartels and other illicit actors to launder money, but praised the GENIUS Act as “a great first step in protecting us from money laundering.” Sen. Marshall also criticized the Biden Administration for failing to take the issue up. Other topics of focus included the Senate's efforts to pass a three-bill bundle of appropriations bills before August recess and Russiagate.

The Senate Agriculture Committee postponed Monday’s scheduled vote on the nomination of Brian Quintenz to serve as CFTC chair following a request from the White House to delay the vote. A White House official said Quintenz is still President Trump’s nominee, though it is unclear when the vote will be rescheduled. An anonymous White House official told Politico that "President Trump remains committed to making the United States the crypto capital of the world." Quintenz, a former CFTC commissioner, would be taking over the agency as it prepares to take on new authority in the crypto market.

The European Banking Authority (EBA) published its 2025 Opinion on money laundering and terrorist financing risks affecting the EU’s financial sector, noting that crypto remains a high-risk sector, with many CASPs lacking effective AML/CFT systems. The Opinion also highlights the 2.5-fold increase in authorized CASPs between 2022 and 2024. Other areas of focus include FinTech, RegTech, and fraud and AI.

Sens. Jeff Merkley (D-OR), Elizabeth Warren (D-MA), Chris Van Hollen (D-MD), Mazie Hirono (D-HI) and Bernie Sanders (I-VT) sent a letter to Federal Housing Finance Agency (FHFA) Director William Pulte, raising concerns about proposals to allow mortgage lenders to account for unconverted crypto assets in the underwriting process, arguing this “could introduce unnecessary risks to consumers and pose serious safety and soundness concerns for the US housing and financial markets.” The lawmakers also stress concerns about how the FHFA will prevent conflicts of interest among stakeholders with financial ties to the crypto industry, including to President Trump and his family.

The Senate Agriculture Committee rescheduled a vote to advance Brian Quintenz’s nomination to serve as CFTC chair for today, after canceling a planned vote last week due to attendance issues. Senate Agriculture Chair John Boozman (R-AR) attributed last week's scratched vote to travel delays, noting that all Republicans will be needed to push Quintenz's nomination through committee.

Spain launched BeToken, its first regulated euro-denominated tokenized investment fund. The fund, developed by Beself Brands, tokenizes shares in a digital-native wellness and lifestyle company, providing investors real economic and governance rights. The offering will be overseen by Spain's Comisión Nacional del Mercado de Valores (CNMV).

House Majority Whip Tom Emmer (R-MN) argued in an interview that the Senate will ultimately pass the House’s CLARITY Act, instead of its own proposal, in order to meet the White House’s September 30 deadline for passing market structure legislation. He asserted that the Senate will start working through the process and "realize the amount of time and attention that's been spent on the CLARITY ACT," adding that he believes the Senate "will bring it up, vote on it, and send it back."

Senate Banking Committee Ranking Member Elizabeth Warren (D-MA) discussed crypto in an interview with Vanity Fair, expressing frustration that Congress is rushing to pass “industry-designed” crypto bills and voicing concern with President Trump’s ties to the industry. Warren argued that "Trump is using the presidency to enrich himself through crypto, and he's doing it in plain sight," noting his meme coin and stablecoin.

House Financial Services Committee Chair French Hill (R-AR) discussed digital assets in an interview with Fox Business, arguing that passing the CLARITY Act is critical in order to see the full benefits of the GENIUS Act. Hill explained that the GENIUS Act without the CLARITY Act is like having cellphones without cell towers. Hill also talked about the Trump Administration's newest actions on AI and the FY 2026 appropriations process.