US President Donald Trump is set to meet with several senators on Thursday as negotiators race to get the CLARITY Act across the line before the Senate’s August recess.

Base creator Jesse Pollak is stepping back from leadership of the Base App after admitting he was “definitively wrong” to bet on social experiences driving crypto adoption.

“We are disappointed by this decision and believe it is unfair to Kalshi,” the company’s legal counsel said on X.

“US Treasury is committed to disrupting and degrading Iran’s illicit financial activities, including its abuse of digital assets,” US Treasury Secretary Scott Bessent said Tuesday.

Ethereum staking generated 98% of Bitmine’s revenue last quarter as the company’s pivot from Bitcoin mining gained momentum following its March validator launch.

Coinbase’s Rob Witoff said the company is leaning more on AI to help with execution, but still needs high-agency humans for judgment and strategy.

Witt’s departure comes during a critical moment for the CLARITY Act, with deputy director Harry Jung expected to assume his responsibilities.

The transfers have raised questions over Trump’s Bitcoin reserve pledge, though deposits to Coinbase Prime do not confirm an impending sale.

The Federal Law Enforcement Officers Association expressed support for the CLARITY Act but urged changes to the legislation’s language.

Analysts are not yet ready to call it a recovery in institutional demand for Bitcoin.