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🚨 LATEST: Senator Lummis says the CLARITY Act would protect customer assets when crypto projects fail, citing Terra’s $40B collapse.

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πŸ”Ž RESEARCH: Bringing private credit onchain is not just a distribution problem.

The bigger challenge is aligning three layers: retail access, disciplined underwriting and enforceable claims.

Structured-access hybrid models keep funding and ownership onchain, while borrower checks, physical collateral and default recovery remain within regulated legal frameworks.

That matters for SMEs, whose loans are often backed by equipment, vehicles, real estate or inventory rather than crypto assets.

8lends illustrates this structure: it operates as the retail-facing distribution and settlement layer, while Maclear AG, a FINMA-supervised financial intermediary, underwrites the loans, registers collateral and manages enforcement.

Read the full report:


https://s3.cointelegraph.com/reports/8lends_report.pdf

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πŸ‡ΊπŸ‡Έ JUST IN: Crypto industry stakeholders will hold a call with Republican leadership later this morning for an update on the latest CLARITY Act text.

h/t: Eleanor Terrett

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πŸ‡ΊπŸ‡Έ NEW: Hester Peirce says crypto vaults and onchain lending strategies may fall under federal securities laws depending on their design.

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πŸ‡ΊπŸ‡Έ JUST IN: The SEC announced that Principal Deputy Director of Enforcement Sam Waldon will leave the agency on July 31 after more than 14 years of service, with former SEC official Osman Nawaz set to succeed him.

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πŸ‡ΊπŸ‡Έ JUST IN: Senate lawmakers are considering updated CLARITY Act legislation that would prohibit presidents and other federal officials from issuing, sponsoring, or profiting from cryptocurrencies and other digital assets.

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πŸ‡ΊπŸ‡Έ JUST IN: β€œA president chose a higher standard of ethics than the law required,” Senator Cynthia Lummis says after agreement on CLARITY Act language banning federal officials from issuing or sponsoring digital assets for profit.

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⚑️ Bitwise CIO Matt Hougan: The next crypto bull market will be driven by stablecoins, tokenization, 24/7 trading, instant settlement, and institutional DeFi scaling into the trillions.

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πŸ‡ΊπŸ‡Έ BIG: The U.S. House has officially passed a bill that would ban members of Congress from engaging in insider trading.

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πŸ‡ΊπŸ‡Έ JUST IN: Seven pro-crypto Senate Democrats say the Republican-drafted CLARITY Act still falls short on ethics, consumer protection, and illicit finance provisions.

They say they remain committed to working with Republicans to get the bill over the finish line.

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🚨 ALERT: Blockaid detected a ~24.15M $USDC exploit on AFX, a third-party bridge protocol on Arbitrum.

Offchain Labs co-founder Steven Goldfeder says the native Arbitrum bridge itself was not hacked or exploited and they are investigating.

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πŸ‡ΊπŸ‡Έ LATEST: US Senate Majority Leader John Thune plans to hold a vote on the Clarity Act as soon as next week, even without a deal with Democrats.

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🚨 JUST IN: BitMEX will shut down operations on Sept. 23, 2026, following a strategic review by parent company.

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