U.S. Senate Puts Off CLARITY for Now | CoinDesk Daily

Uyen Truong (0:00)

The Senate is putting off Clarity for now, in a fake Bitcoin wallet on Apple's App Store during $1.84 million. This is CoinDesk Daily.

Lower rates, protected Bitcoin. Ledn's lowest loan rates ever. Check yours at ledn.io. The US. Senate has shelved the Clarity Act, sidelining crypto's biggest bill. Majority leader John Thune is moving a Russia sanctions bill and a batch of nominations first. This pushes Clarity to next week at the earliest, just days before the summer break begins August 8th. Apple allegedly left a fake Bitcoin wallet app on its App Store for more than a week after a customer reported losing $875,000.

A federal lawsuit filed July 24th says three people had roughly $1.84 million stolen after downloading an app, impersonating Sparrow Wallet and entering their seed phrases. The plaintiffs argue Apple's marketing led them to believe App Store apps were vetted and safe. Realfi, a smarter stable coin backed by real world assets. Visit realfi.co. And a federal judge has blocked Minnesota's ban on prediction markets, siding with Cal-Sheet Polymarket and the CFTC.

Judge Catherine Menendez granted a preliminary injunction ruling the state law is likely preempted by the Federal Commodity Exchange Act because prediction contracts are structured as swaps. She said the companies are likely to succeed on the merits and that letting the ban stand would cause irreparable harm. Get more updates on coindesk.com. Follow JPEG Trading on X for insights on crypto markets, liquidity and DeFi.