The two sides voting had written more than 600 pages of compromise between them, yet still what broke it was the ethics section, the few pages about whether people in government can hold and launch crypto while they are the ones writing the rules for crypto.
Trump agreed to a version of that language on Sunday, right before the vote, which was big news at the time...
It would bar covered officials and their spouses from issuing or sponsoring a digital asset, make them sell any “significant financial interest” in crypto or move it into a blind trust, let state attorneys general sue to enforce it, and stop exchanges from listing any token issued by one of those officials.
For a moment it looks good, but here is the part, Democrats read it differently.
Their argument was that it blocks new launches yet doesn’t clearly reach what is already in place, and they wanted it extended to large holdings, dependent children and paid crypto promotion.
For context on why that section was the one that mattered:
- Trump’s own financial disclosure in June showed at least $1.4 billion in crypto income for 2025. - Around $594 million from World Liberty Financial and about $635 million from the $TRUMP coin. - Besides the fact that crypto was his single biggest source of income for the year, bigger than real estate.
What now?
The SEC and the CFTC keep going with their own rulemaking, which was already happening in the background. That route is slower, narrower, and much easier for the next administration to undo.
The crypto PACs now decide what they do with the senators who voted no, with the election on November 3.
And if the Senate changes hands in November, the next version of this bill gets written in a very different room.
Regardless of how anyone feels about this bill, the part I keep coming back to and failing to move on from is the selfish side of our nature as humans, this was a bill with more than six hundred pages and the whole thing fell apart over the section about themselves.
The two sides voting had written more than 600 pages of compromise between them, yet still what broke it was the ethics section, the few pages about whether people in government can hold and launch crypto while they are the ones writing the rules for crypto.
Trump agreed to a version of that language on Sunday, right before the vote, which was big news at the time...
It would bar covered officials and their spouses from issuing or sponsoring a digital asset, make them sell any “significant financial interest” in crypto or move it into a blind trust, let state attorneys general sue to enforce it, and stop exchanges from listing any token issued by one of those officials.
For a moment it looks good, but here is the part, Democrats read it differently.
Their argument was that it blocks new launches yet doesn’t clearly reach what is already in place, and they wanted it extended to large holdings, dependent children and paid crypto promotion.
For context on why that section was the one that mattered:
- Trump’s own financial disclosure in June showed at least $1.4 billion in crypto income for 2025. - Around $594 million from World Liberty Financial and about $635 million from the $TRUMP coin. - Besides the fact that crypto was his single biggest source of income for the year, bigger than real estate.
What now?
The SEC and the CFTC keep going with their own rulemaking, which was already happening in the background. That route is slower, narrower, and much easier for the next administration to undo.
The crypto PACs now decide what they do with the senators who voted no, with the election on November 3.
And if the Senate changes hands in November, the next version of this bill gets written in a very different room.
Regardless of how anyone feels about this bill, the part I keep coming back to and failing to move on from is the selfish side of our nature as humans, this was a bill with more than six hundred pages and the whole thing fell apart over the section about themselves.
What an Honor to be featured with so many incredible women in crypto.
Binance Blog
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What does it take to build a career in crypto as a woman?
For this special feature, we spoke with Randi Hipper (Miss Teen Crypto), JanaCryptoQueen, Hadir Gaber, and CryptoMegan about how they entered the industry, the challenges they faced, the moments that almost made them quit, and what crypto changed for them personally.
📅 June 15 ⏰ 2:30 PM UTC
Watch the premiere on Binance Square – save the date.
What does it take to build a career in crypto as a woman?
For this special feature, we spoke with Randi Hipper (Miss Teen Crypto), JanaCryptoQueen, Hadir Gaber, and CryptoMegan about how they entered the industry, the challenges they faced, the moments that almost made them quit, and what crypto changed for them personally.
📅 June 15 ⏰ 2:30 PM UTC
Watch the premiere on Binance Square – save the date.
Restaking is maturing, and Bedrock 2.0 is what comes next
For a while, restaking was sold on one thing: The Number. Not any number, but how much each protocol offers you in APY. The problem: Majority of this initial restaking mechanics were base on token being generated and price speculation, which isn't the same as actual work being done. Since 2024, those early restaking numbers have come down across the whole market. Why? market maturing. A lot of that early yield was never really yield, it was people farming points and future airdrops, backed up by token emissions. On top of that, far more capital got restaked than there were real services willing to pay for security. When supply floods in faster than genuine demand, the return falls toward what the actual activity can support. The inflated phase was the marketing. What is left is the part that was always real. This is the context for Bedrock 2.0 and why I think it is worth understanding Bedrock started life as a restaking protocol. One pool, one source of yield. With 2.0 it stops being a single pool and becomes something closer to a real ecosystem. Your Bitcoin comes in through one liquid token, uniBTC, and that token becomes your key into different markets rather than a receipt that just sits in one strategy pool. What This Actually Means? Instead of your Bitcoin earning from a single source, uniBTC can be routed into genuinely different strategies depending on what makes sense in current conditions. Delta-neutral quant strategies that aim to earn whether BTC goes up or down. DeFi-native yield. Lending and credit markets. Real-world asset vault that brings off-chain instruments on chain, (which is the part I find most interesting as a good fan of RWA) None of these are invented farm tokens dressed up as returns, and the execution runs with established names: Selini Capital on the market-neutral and trading side, Cap providing the credit infrastructure, and Symbiotic underneath as the shared security layer. Lastly, there is also BRclaw, an on-chain AI analyst built to help normal people understand the risk and mechanics of each vault. Again, great tool considering a fast pace AI growth and the use of this evolution to help us doing smart decissions is the way for more adoption of such mechanics. I am not here to tell you to believe in anything, before you having the proper time to understand what this represents, I've been dedicating time and study as much as possible because this shift isn't only here with Bedrock, but the whole industry is moving i throught. Finally we're leaving behind products that exist only to chase yield, and moving toward infrastructure built to last and earning trust slowly. A liquid Bitcoin position that can move intelligently across real markets is a lot closer to that future than another pool promising the biggest number. I'm excited to be trying @Bedrock and looking forward the long term work, what about you? $BR