American senator Cynthia Lummis submitted a bill on Thursday proposing to exempt certain cryptographic transactions from taxation and postpone taxes on mining rewards and mark up until the underlying tokens are sold.
“My legislation guarantees that Americans can participate in the digital economy without inadvertent tax violations,” said Lummis.
The Senator’s bill bill was published three weeks after the guide and the establishment of national innovation for American stables, or Genius Act, adopted the Senate during a vote of 68 to 30 years on June 11, reported Cintelegraph.
The law on engineering can “legitimize” stoves for institutional participants by establishing clear guarantee standards, cementing them as a “better form of money,” said Andrei Grachev, director partner at DWF Labs and Falcon Finance.
The growing regulatory clarity of the United States can allow more traditional financial players to seek decentralized financial services, due to their disappointment in the face of traditional banking services, according to the founder of Aave Labs, Stani Kulechov.
“Thanks to horrible banking experiences, we have seen a lot of finances enter the fintech and fintech applications capable of capturing many market share,” Kulechov said on the ETHCC 2025 stage.
Beyond decentralized finance (DEFI), the tokenization of active active people is an “opportunity for several billion dollars” for the cryptography sector to engage with traditional finance, added Kulechov.
In the widest Crypto space, ChainLink, an Orachain Oracle Network decentralized for Crosschain communication, launched a new compliance framework aimed at unlocking more than 100 billions of dollars in institutional capital for the cryptography market.
“Chainlink ACE is the standard of conformity and identity that the tokenized asset economy awaits today, the launch of today offering a final critical construction element for more than 100 billions of dollars in institutional capital to move onchain,” said Sergey Nazarov, co-founder of Chainlink.
American senator Cynthia Lummis writes a tax invoice for autonomous cryptography
American senator Cynthia Lummis submitted a bill on Thursday, describing several provisions to revise the tax code and exempt certain transactions of digital assets from taxation after the cryptographic modifications did not appear in the budget package.
The bill offers a minimis exemption for digital asset transactions and capital gains of $ 300 or less, with an annual exemption ceiling of $ 5,000.
The Wyoming senator has also described the provisions to exempt the cryptography loan agreements and the digital assets used in charity of taxation. In addition, the bill proposed postponing taxes to the mining and markup rewards until the underlying assets were sold. Lummis said:
“This revolutionary legislation is fully paid, crosses bureaucratic administrative formalities and establishes common sense rules that reflect the functioning of digital technologies in the real world. We cannot allow our archaic tax policies to stifle American innovation.
“My legislation guarantees that Americans can participate in the digital economy without inadvertent tax violations,” she added.
The autonomous bill is now the best chances of the Wyoming senator to adopt Pro-Crypto legislation promised to the cryptographic community after the senator adopted the expenditure bill without attacking digital assets.
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250 million dollars Ondo Catalyst Fund signals the “arms race” for RWA tokenization
The Defit Ondo Finance and Venture Company Plan Plan Plan Plan Plan Protocol to increase investments in active world (RWAS), highlighting the growing industry accent on tokenization in the midst of favorable regulatory developments in the United States.
The two companies informed Axios that they planned to invest $ 250 million in RWAS through a new fund called Ondo Catalyst. Ondo’s strategy director Ian de Bode said the funds will be invested to acquire participations and tokens in emerging projects.
“We see a little arms race at the moment” on the tokenization market, said from Bode to Axios, referring to the wave of companies entering space. Exchanges in particular focus on tokenized shares and the stock market offers on the stock market (ETF).
As Cointelegraph has recently reported, the digital brokerage company Robinhood has launched a new layer 2 blockchain to allow European customers to exchange American actions and ETFs.
In May, Kraken announced his intention to offer American action to Tokenized with investors outside the United States.
Meanwhile, Crypto Exchange Coinbase would continue regulatory approval to offer token actions, a decision that would help him compete with Robinhood and other trading platforms.
Ondo Finance has increased its thrust in Onchain finance, recently announcing the formation of a world market alliance with several crypto companies to stimulate the adoption of the blockchain -based capital markets. On Thursday, the company announced that OKX Wallet had joined the alliance.
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Pancakeswap doubles the quarterly volume to $ 530 billion because upgrades increase growth
Pancakeswap, a Multichain decentralized (DEX) scholarship, said a record volume of $ 325 billion for June, the highest volume of monthly trading in the five-year history of the platform.
The total of June exceeded $ 174 billion in May and pushed the volume of the second quarter of Pancakeswap to $ 530 billion, more than double the $ 211 billion recorded in the first quarter, according to Dune Analytics.
The increase in activity follows a series of recent upgrades, including the deployment of April by Pancakeswap Infinity, which has introduced several features designed to improve user experience and trading efficiency.
The upgrade has introduced lower gas costs, customizable liquidity pools using “hooks” and support for advanced liquidity suppliers via types of Clamm and LBAMM swimming pool.
Chef Kids, Pancakeswap manager, told Cintelegraph that Pancakeswap Infinity offers key advantages for developers and liquidity suppliers. For developers, the platform allows new types of pools and personalized hooks to be integrated without redeploying intelligent contracts or launching new versions, which “considerably lowers the general development costs and accelerates innovation”.
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The Fatf cryptography control list refers to the next regulatory repression
Regulations on cryptocurrencies are increasingly aligned with global standards, because 73% of eligible jurisdictions have now adopted laws to implement the travel rule of the Financial Action Group (FATF).
The travel rule obliges cryptographic service providers to collect and share user transaction data, similar to traditional financing requirements. On June 26, the FATF published its annual report which describes how recent regulatory movements by the courts converge with its global anti-flange framework (AML).
This is the direct result of a campaign of several years of the FATF to bring cryptocurrencies in accordance with traditional standards of LMA financing and the fight against terrorism (CFT).
The FATF has highlighted staboins and decentralized finances (DEFI) for the second consecutive year, highlighting their growing use in illicit finance, including by North Korean actors. The organization said it was planning to publish targeted articles on stablecoins, offshore and deffi cryptographic platforms by next summer, alluding to the global cryptography regulations could then go.
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Crypto losses reached $ 2.5 billion in the first half of 2025, but pirates fell in the second quarter: Certik
The losses against hacks, exploits and cryptographic scams increased to $ 2.47 billion in the first half of 2025, but the second quarter experienced a total number of hacks, said the blockchain security company, Certik.
More than $ 800 million was lost in 144 incidents in the second quarter, a decrease of 52% of the lost value compared to the previous quarter, with 59 less hacking incidents, said Certik in a report on Tuesday.
In total, the first half of 2025 experienced more than $ 2.47 billion in losses due to hacks, scams and exploits, which represents an increase of almost 3% compared to the $ 2.4 billion stolen in 2024.
However, given that more than $ 187 million returned to the first half of the year, Certik said the total adjusted total was closer to $ 2.2 billion.
Despite the point of losses, Certik said that “does not necessarily suggest a deterioration of the security landscape” because the share of lion’s losses came from two incidents, against the signing of Crypto Exchange and the Cetus protocol, worth 1.78 billion combined dollars.
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Presentation of the DEFI market
According to Cointelegraph Markets Pro and TradingView data, most of the 100 largest cryptocurrencies by market capitalization ended the week in green.
The grassuated token of the Penguins (Pengu) increased by more than 66% as the biggest winner of the week, followed by Bonk (Bonk) same, up almost 25% on the weekly graphic.
Thank you for reading our summary of the most impactful DEFI developments this week. Join us next Friday for more stories, information and education concerning this dynamically advanced space.
