The New Democrat Coalition Innovation and Technology Working Group, led by Reps. Sam Liccardo (D-CA), Valerie Foushee (D-NC), and Brittany Pettersen (D-CO), unveiled their New Democrat Innovation Agenda, a “roadmap of positions Congress and the Administration should adopt to unleash the full potential of American innovation.” The agenda calls for providing regulatory uniformity for digital assets and ensuring the global primacy of the dollar through stablecoin legislation. Other priorities include investing in R&D, promoting competition, and lowering health care costs.

US District Judge Jessica Clarke declined to dismiss charges against Anton and James Peraire-Bueno, brothers accused of executing a $25 million crypto theft. Judge Clarke argued that prosecutors have shown that the pair's novel methods intended to deceive certain traders and meddled with transactions. The charges stem from an exploit on the ETH blockchain, where the brothers allegedly used their computer science expertise to take advantage of certain automated trading bots by luring them into trades and interfering with the validation process to divert funds to themselves.

The US Court of Appeals for the 9th Circuit issued a ruling finding that Yuga Labs’ Bored Ape Yacht Club NFTs are trademark protectable “goods” under federal law. The unanimous three-judge panel also reversed Yuga Labs' $8 million summary judgment win and ruling that a jury must decide whether rival NFTs confuse consumers. The decision acknowledged the novelty of NFTs, comparing an NFT to a baseball signed by an MLB player.

The Justice Department announced that William McNeilly pleaded guilty to charges related to his operation of an unlicensed money transmitting business, which exchanged more than $1 million in US currency for crypto on behalf of customers. According to court documents, McNeilly knew that some of the funds involved in his illegal business were derived from fraud schemes, and the investigation revealed that cashiers checks from victims of romance fraud schemes were mailed to his business, GIM, and deposited into GIM accounts.

Sen. Bill Hagerty (R-TN) said in an interview with Bloomberg TV that the Senate is planning to move its market structure bill “through expeditiously and get it done this fall.” He added that "US markets are open to digital currencies and blockchain innovation." Hagerty also discussed President Trump's new trade agreement with Japan, implications for China, and the Senate's progress on FY 2026 appropriations.

Rep. Max Miller (R-OH) told reporters he expects to release preliminary text of his crypto tax legislation in the coming weeks, and he is currently accepting feedback on the framework from lawmakers. The proposal would make a variety of tax changes to provide better guidance to taxpayers and increase US competitiveness in the digital asset space. For example, the bill would set rules for crypto lending protocols and create a new de minimis rule exempting small transactions from capital gains tax, among other provisions. House Ways and Means Committee Chair Jason Smith (R-MO) also appears to be on board, according to Politico.

The Senate Agriculture Committee is reportedly planning to release its digital asset market structure discussion draft in early September. The Committee is aiming for a bipartisan proposal, with Democrats like Ranking Member Amy Klobuchar (D-MN) expected to contribute. The report comes after Senate Banking Committee Republicans released a market structure draft earlier this week. The Banking Committee has jurisdiction over the SEC, while the Agriculture Committee oversees the CFTC and is expected to address the agency's domain with respect to digital commodities.

CoinShares announced that its French subsidiary, CoinShares Asset Management, has received authorization under MiCA. The company said in a press release that "This authorization positions CoinShares as the only asset management firm in continental Europe to hold a rare triple regulatory license combination, enabling comprehensive investment services across all asset classes throughout the European Union." On top of MiCA authorization, CoinShares also holds an AIFM license and a MiFID license.

Bank of England officials are reportedly considering whether to set aside plans to create a digital pound amid growing skepticism about the project’s benefits. At a Parliamentary hearing, Governor Andrew Bailey voiced support for payment innovations coming from the banking industry, rather than through the creation of a digital pound. According to Bloomberg, the Bank of England has been privately urging the banking industry to accelerate payment innovations that could result in similar benefits without the creation of a CBDC.