US House Passes Three Key Crypto Bills Ahead Of August Recess.
After delays in Congress over Republican concerns with central bank digital currencies, the US House of Representatives has passed three pieces of crypto legislation.
In a Thursday House session, lawmakers voted 294-134 to pass the Digital Asset Market Clarity Act, a bill aimed at establishing a market structure for cryptocurrencies, 308-122 in favor of the Guiding and Establishing National Innovation for US Stablecoins – i.e. GENIUS Act, and 219-210 for the Anti-CBDC Surveillance State Act.
Almost 80 Democrats voted yes for the CLARITY Act and more than 100 for the GENIUS Act, with the bills having been expected to move through the chamber before Congress breaks for its August recess.
SharpLink Gaming Ups Stock Sale To $6bn To Power ETH Treasury.
SharpLink Gaming, the largest corporate holder of ether, is raising its equity sale target from $1 billion to $6 billion, expanding its strategy of buying ETH for treasury reserves.
In an updated filing with the U.S. Securities and Exchange Commission on Thursday, the Minnesota-based affiliate marketing firm disclosed a prospectus supplement that increases the amount of common stock eligible for sale by $5 billion, on top of the $1 billion previously filed on May 30.
The firm says it may sell an additional $279 million from the previous authorization, alongside the new $5 billion issuance.
BlackRock Seeks Staking Option For iShares Ethereum Trust In New Filing.
BlackRock is looking to add staking to its iShares Ethereum Trust, a move that would allow the fund to earn rewards by validating transactions on the Ethereum network. Nasdaq, which lists the fund, submitted the amended 19b-4 filing on Thursday.
The update signals that BlackRock is aiming to go beyond simple ether exposure and participate in Ethereum’s proof-of-stake consensus system. If approved, the ETF could stake a portion of its ETH holdings through one or more trusted providers to generate additional yield.
Canary Capital Proposes INJ ETF With Built-in Staking Rewards.
Canary Capital has filed with the U.S. SEC to launch the Canary Staked INJ ETF, offering investors exposure to the Injective token along with built-in staking rewards.
Injective is the native token of the Injective blockchain, a layer-1 platform designed for decentralized finance.
The ETF aims to simplify access to staking by removing the need for self-custody or complex on-chain steps.
Canary Capital says demand for regulated INJ exposure is growing among retail and institutional investors. If approved, the ETF would make staking more accessible while tracking the price of INJ, expanding mainstream investment options in blockchain assets.
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