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According to CoinDesk, the National Sheriffs' Association (NSA) sent a letter to Senate leadership on Thursday, announcing a shift in its position on the Clarity Act from opposition to neutrality. Association President Troy Wellman and Executive Director Justin Smith stated in their letter to Senate Majority Leader John Thune and Minority Leader Chuck Schumer that, given the complexity of the bill and the significant details still under review, the most appropriate course of action is to take a step back and allow the legislative process to continue in order to establish a clear, effective, and urgently needed regulatory framework.Previously, the NSA had sent a letter to the Senate Banking Committee in May, warning that Section 604 of the bill would grant "blanket exemptions" to mixers, tumblers, and DeFi platforms from anti-money laundering rules, and stated that individuals might exploit evolving software, algorithms, and AI agents to transfer digital assets without tracking or accountability, engaging in activities such as money laundering, financing terrorism, and evading sanctions. A month after that letter was sent, the White House invited law enforcement organizations expressing concerns about the cryptocurrency market structure bill to meet and discuss how to address the bill's controversies regarding the prevention of illegal finance. Blockchain Association CEO Summer Mersinger also criticized the NSA's opposition stance in a July column, calling the bill "the most significant consumer protection measure in years."The NSA's shift to neutrality removes one of the most outspoken critics from the law enforcement community ahead of the September vote on the bill.

According to News.bitcoin, the Independent Community Bankers of America (ICBA), which has about 5,000 community banks, opposes the CLARITY Act, emphasizing that there is no room for compromise on the issue of stablecoin rewards. ICBA President and CEO Rebeca Romero Rainey stated that the "loopholes" related to stablecoin rewards must be completely closed, and there is no compromise solution. ICBA claims that stablecoins could lead to $1.3 trillion in deposits leaving the banking system and reduce local lending by $850 billion.Rebeca Romero Rainey indicated that there are no signs that cryptocurrencies will replace these deposits and reinvest them back into local communities. She also criticized the report titled "Impact of the Stablecoin Reward Ban on Bank Lending" released by the White House Council of Economic Advisers (CEA) for downplaying banks' concerns about deposit outflows. The Senate plans to vote on the CLARITY Act on September 15; if it fails to gain the support of at least 60 senators, the bill will not proceed to further consideration and may halt progress for the foreseeable future.

The Independent Community Bankers of America (ICBA), representing about 5,000 community banks in the United States, is opposing the Clarity for Digital Assets Act (CLARITY Act). ICBA Chair and CEO Rebeca Romero Rainey stated that the "loopholes" related to stablecoin rewards must be completely closed, with no compromise solutions. The ICBA claims that stablecoins could lead to $1.3 trillion in deposits leaving the banking system and reduce local lending by $850 billion.The association has prompted Republican Senators Josh Hawley and Jerry Moran to oppose the current version of the bill. Rebeca Romero Rainey indicated that there are no signs that cryptocurrencies will replace these deposits and reinvest them into local communities. She also criticized the report titled "Impact of the Stablecoin Yield Ban on Bank Lending" released by the White House Council of Economic Advisers (CEA) for downplaying banks' concerns about deposit outflows. The Senate plans to vote on the CLARITY Act on September 15; if it cannot secure support from at least 60 senators, the bill will not proceed to further consideration and may halt progress for the foreseeable future.

The bankers' associations from 39 states in the United States have jointly formed the BankChain alliance, planning to build an industry-owned blockchain network for tokenized deposits, stablecoins, smart payments, and automated settlements, with the goal of launching in 2027. The alliance is currently still selecting technical partners and has not yet become an operational payment network.The BankChain alliance states that the 39 member associations represent 3,283 banks, with total assets of $21.8 trillion. The board of the alliance is chaired by Kathy Kraninger, president and CEO of the Florida Bankers Association. Howard Headlee, president of the Utah Bankers Association, stated that governance is a differentiated advantage, and BankChain aims to allow member banks to "equally access a network owned by them and have their voices heard."The area that BankChain is entering has a bank tokenization deposit project led by The Clearing House, which was announced in June and aims to facilitate on-chain clearing and settlement of tokenized commercial bank money, connecting the RTP and CHIPS payment networks. In contrast, BankChain's product range is broader, covering stablecoins and automated settlements, but it is still in the early stages and needs to first identify technology suppliers and convert association-level support into commitments from member banks.

According to CoinDesk, Coinbase Chief Policy Officer Faryar Shirzad wrote an article for CoinDesk rebutting the arguments made by the American Bankers Association (ABA) against the stablecoin reward provisions in the Clarity Act. ABA CEO Rob Nichols claimed that only minor wording changes were needed to strengthen the bill and warned that allowing stablecoin rewards would lead to a loss of deposits for community banks.Shirzad pointed out that Coinbase has been paying stablecoin rewards for USDC for over four years, while community bank deposits grew by 26% from June 2019 to March 2026, amounting to approximately $482 billion.Shirzad cited research from Charles River Associates and the Economic Advisory Council stating that there is no significant correlation between stablecoins and bank deposits. He emphasized that the credit card industry was built on reward mechanisms, and the banking industry itself relies on this model. The current text of the bill was reached after months of negotiations between Senators Tillis and Alsobrooks and bank representatives, clearly delineating the boundaries: prohibiting returns on idle funds but allowing compensation for real activities.Shirzad believes that the Clarity Act will grant banks the broadest statutory powers since the Gramm-Leach-Bliley Act of 1999, including custody, staking, lending, payments, clearing, and market-making, with community banks benefiting the most. He called on all parties to accept this compromise and work together to advance the bill.

The American Bankers Association announced plans to create a nationwide financial infrastructure based on blockchain to optimize industry collaboration and settlement efficiency.

According to The Block, the Blockchain Association has submitted a letter of opinion regarding the stablecoin issuer rules proposed jointly by the U.S. Department of the Treasury's Financial Crimes Enforcement Network, the Office of the Comptroller of the Currency, and the Federal Reserve. The association supports limiting the Customer Identification Program (CIP) obligations to transactions where issuers directly face customers in the primary market, and it should not extend to peer-to-peer transfer activities in the secondary market.At the same time, the association calls on regulators to further clarify definitions such as "account," "customer," and "digital asset service provider," excluding one-time redemptions and other non-continuous businesses, and to avoid creating overlapping compliance burdens with anti-money laundering rules. The association stated that the implementation of the rules should balance stablecoin security, operability, and space for industry innovation.

The digital asset advocacy organizations Crypto Council for Innovation (CCI) and Blockchain Association (BA) have filed a lawsuit against Illinois officials, opposing the state's 0.2% cryptocurrency tax. This tax is expected to take effect from January 2027, taxing based on transaction volume rather than income.The two organizations submitted the lawsuit in the Sangamon County Seventh Judicial Circuit Court, claiming that the tax violates the U.S. Constitution, the Illinois Constitution, federal and state due process laws, and the Internet Tax Freedom Act, and may result in double taxation. The lawsuit also states that the tax regulations are overly vague, placing compliance responsibilities on residents and brokers, and exposing them to civil and criminal penalties.Blockchain Association CEO Summer Mersinger stated that Illinois cannot implement a tax system that discriminates against digital businesses and increases uncertainty for consumers and enterprises. The Digital Chamber filed a similar lawsuit in July regarding the same tax, claiming it discriminates against digital asset traders.

The China Payment and Clearing Association issued the "Self-Regulatory Convention for Intelligent Agent Payment Applications," which regulates the behavior of member institutions in initiating and executing payment instructions using large models and other artificial intelligence "intelligent agents" in payment scenarios. The convention requires banks, non-bank payment institutions, clearing institutions, and others engaged in intelligent agent payment applications to adhere to the principle of "who provides the payment service is responsible," and to implement cybersecurity, data security, and privacy protection.The convention proposes the establishment of "Know Your Agent (KYA)," a hierarchical management system for intelligent agents, and a full-link identity transmission mechanism, strengthening model robustness and traceability, anti-money laundering and anti-fraud controls, and setting stricter authorization and risk control measures for vulnerable groups such as the elderly and minors. The convention will be implemented from the date of its release.

According to CoinDesk, the Crypto Innovation Council (CCI) and the Blockchain Association recently filed a civil lawsuit in Sangamon County, Illinois, officially joining the legal challenge against the state's digital asset tax policy. This move follows a lawsuit initiated by the Digital Chamber last month, marking a further escalation of the industry's coalition against the measures.The plaintiffs accuse the state’s new tax law of violating the U.S. Constitution, the Illinois Constitution, and the Internet Tax Freedom Act. The controversy stems from the tax law's stipulation that any entity conducting business or providing services to residents in the state with an annual income exceeding $100,000 must pay a 0.2% tax on digital asset transactions or storage. Although lawmakers expect this measure to raise $6 million annually for the state budget, the plaintiffs argue that the lack of corresponding taxes on traditional assets constitutes a 'unique punitive treatment' of digital assets, allegedly resulting in unfair resource allocation through the tax code.

The China Gold Association issued a stern statement regarding the U.S. Department of Homeland Security's inclusion of certain domestic gold enterprises in the "Uyghur Forced Labor Prevention Act" (UFLPA) entity list, which led to the London Bullion Market Association (LBMA) suspending the qualified delivery status of related enterprises. The association stated that the U.S. "forced labor" accusations lack factual basis and are an attempt to politicize human rights issues and promote trade protectionism.The LBMA, without sufficient factual verification, accepted false information and suspended qualifications, harming the legitimate rights and interests of Chinese gold enterprises and disrupting the stability of the global gold market. The association stated that the Chinese gold industry chain has the ability to withstand external risks and will work together with the industry to protect rights, strengthen compliance self-discipline and traceability system construction, and support the Chinese government in taking necessary countermeasures, urging the U.S. to lift sanctions and calling on the LBMA to correct related decisions.

According to CoinDesk, Rob Nichols, President and CEO of the American Bankers Association (ABA), stated that the goal is to strengthen rather than block the passage of the CLARITY Act. He believes that the digital asset industry needs a clear regulatory framework, but a key provision in the bill regarding stablecoin rewards still needs to be tightened further. Nichols pointed out that the GENIUS Act, set for 2025, has already prohibited stablecoin issuers from paying interest or returns to holders, and the current controversy revolves around whether related parties, such as cryptocurrency exchanges, can offer similar interest-like rewards.He believes that if stablecoin wallets attract bank deposits out through such mechanisms, it could weaken the funding base that banks use for small business loans, housing mortgages, and agricultural financing. The American Bankers Association suggests amending the relevant statements in the bill to prohibit stablecoin rewards that are "substantially similar" to interest payments and to remove certain wording that may cause ambiguity. Nichols stated that these modifications would not prevent crypto companies from offering other reward programs but could avoid the reward mechanism evolving into a disguised form of deposit interest.He also mentioned that the American Bankers Association is pushing for senators to amend the relevant provisions before the vote in September and believes that the U.S. can be both a global banking center and a global crypto center, provided that clear and consistent regulatory rules are established.

The Blockchain Association submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), urging it to abolish outdated rules 611 and 610(e) to promote market structure adaptation to tokenization development.The association pointed out that the current rules can no longer match the technological realities of blockchain and tokenized securities, calling for timely updates to the regulatory framework to facilitate compliant innovation and enhance market efficiency.

Rob Nichols, the President of the American Bankers Association, stated in an interview that the banking industry's lobbying group hopes for the passage of the CLARITY Act, but issues surrounding stablecoins still need to be resolved.The bill is about 600 pages long, and the banking industry only suggests making minor and precise modifications to two sections to prevent stablecoins from replacing bank deposits. They are referred to as payment stablecoins for a reason, not deposit stablecoins. However, he does believe that the cryptocurrency industry and the banking industry can coexist.

According to CoinDesk, as the competition for tokenization in the capital markets heats up, the Securities Transfer Association (STA) recently submitted a letter of opinion to the U.S. Securities and Exchange Commission (SEC), warning that stock tokens issued by third-party organizations may undermine market integrity and calling on regulators to prioritize support for tokenized securities authorized by publicly listed companies in future rule-making.The STA represents several Wall Street transfer agents, whose members believe that true tokenized stocks should be formally authorized by the issuing company and recorded in the official shareholder register, rather than created as "packaged" token products by independent platforms.The association pointed out that third-party stock tokens may confuse investors about the actual rights they hold and expose them to risks related to platform credit, custody, and operations, without establishing a direct legal relationship with the publicly listed company. Therefore, any innovative exemptions, pilot projects, or permanent regulatory frameworks for tokenized securities should prioritize the issuer-supported model.The STA also urged the SEC to reform the existing Direct Registration System (DRS), arguing that the current U.S. securities custody system is inadequate to meet the real-time transfer and settlement needs of on-chain securities, and suggested that regulators collaborate with the Depository Trust & Clearing Corporation (DTCC) to optimize the digital securities infrastructure.Currently, the global market for tokenized stocks, valued at approximately $2 billion, is primarily dominated by third-party models, including products launched by Ondo Finance and Kraken, while organizations like Securitize and Figure adopt the issuer authorization model.

According to Jinshi reports, the International Financial Association pointed out that the Federal Reserve is becoming more hawkish, and with the resurgence of oil price fluctuations, this may tighten U.S. dollar liquidity and raise the risk threshold for emerging markets.

The China Payment and Clearing Association has issued a warning to prevent cross-border gambling scams involving virtual currency, aimed at helping the general public enhance their awareness of fraud prevention and their ability to recognize scams.The China Payment and Clearing Association reminds that cross-border gambling results in "ten bets, ten losses." Participating in gambling through virtual currency is more concealed and risky. Engaging in gambling and providing funding for gambling activities is illegal and against regulations. Do not participate in virtual currency gambling transactions, and maintain the bottom line of financial security.

According to Cryptonomist, the prediction market platform Kalshi recorded a trading volume of $5.1 billion in the first week of the 2026 FIFA World Cup, setting a historical high for the platform. In May, Kalshi's monthly trading volume had already approached $18 billion, setting a historical record at that time. Kalshi also announced an official partnership with the Argentine Football Association (AFA) during the World Cup, with Messi promoting the platform on social media.