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Crypto Trends

Is Binance Cutting Deals with Team Trump? That’s What Senate Democrats Are Asking

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Binance, the largest global crypto exchange, is still under the constraints of a massive, $4.3 billion U.S. enforcement action, though Senator Elizabeth Warren and other Democrats are asking the Trump administration about reports that it’s easing off on those orders.

In 2023, the major digital assets platform agreed to settle with U.S. authorities for sanctions violations, insufficient money-laundering protections and operating without proper licensing, and its leader, Changpeng “CZ” Zhao, pleaded guilty to Bank Secrecy Act violations, stepping down from the company and serving a brief prison sentence. Warren and two other senators, Richard Blumenthal and Mazie Hirono questioned Attorney General Pam Bondi in a letter this week, asking about reports by outlets including Bloomberg News that the company has spoken to the U.S. about dropping its independent compliance monitor.

The senators also raised the continuing financial ties between the family of President Donald Trump and Binance, through their stake in World Liberty Financial.

“These reports make it more important than ever that the public understand the Trump administration’s interactions with, and relationship to, Binance and its employees,” they wrote, demanding “meaningful” answers to several questions about the U.S. Department of Justice’s interactions with Binance, including whether a pardon is being considered for CZ.

As the markets contemplated a potential return of CZ, the Binance-tied BNB token rocketed over $1,000 for the first time, leaping over SOL to become the fifth-largest cryptocurrency by market capitalization.

The prosecution of Binance in the U.S., where the independent Binance.US arm still operates, occurred under the previous administration, and the arrival of President Trump and his pro-crypto choices to be regulators and law enforcement officials has rapidly shifted the stance of the U.S. government. Many of the efforts of previous officials to address digital assets market risks and the dangers of their use in illicit finance and drug trafficking have been overtaken by the administration’s interest in financial innovation and establishing the U.S. as a global crypto hub.

In May, the Securities and Exchange Commission moved to drop its long-running lawsuit against Binance.

Read More: BNB Hits $1,000 All-Time High as Binance Nears DOJ Deal, Rumors of CZ’s Return Grow



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Best Altcoins to Buy After US Senate Confirms Tokenized Stocks Are Still Securities
Crypto Trends

Best Altcoins to Buy After US Senate Confirms Tokenized Stocks Are Still Securities

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Complicated rules and regulations have long been the tightest noose around crypto’s neck – but that’s now changing rapidly with Donald Trump back in the president’s seat for a second term.

The latest sign of the US government’s pro-crypto stance is the Senate’s new bill, the Responsible Financial Innovation Act of 2025.

Most notably, the bill introduces a crucial provision clarifying that tokenized stocks and similar assets will remain classified as securities.

Keep reading to learn why this clarification is a win for crypto, how it simplifies things for blockchain businesses, and what the best altcoins to buy to make the most from the momentum this regulatory shift is set to create.

Why the Senate’s 2025 Bill Could Supercharge the Crypto Market

The Senate’s latest bill is crucial because it ensures that companies involved in tokenization can continue operating within familiar frameworks, including broker-dealer systems, clearing mechanisms, and trading platforms.

Even better, the bill also lays out clear guidelines on when digital assets will fall under the jurisdiction of the Securities and Exchange Commission (SEC) versus the Commodity Futures Trading Commission (CFTC).

Wyoming Senator Cynthia Lummis reinforced the urgency, saying, ‘We want this on the president’s desk before the end of the year,’ showing that the Senate isn’t just committed to pro-crypto changes but also to rolling them out quickly for maximum impact.

Combined with the prospect of multiple Federal Reserve rate cuts in 2025, there may not be a better time to load up your portfolio with explode-worthy altcoins like the following.

1. Snorter Token ($SNORT) – New Telegram-Based Trading Bot Helping Retail Meme Coin Traders

Snorter Token ($SNORT) powers a new Telegram trading bot built to restore parity in the meme coin trading space.

Right now, deep-pocketed investors with advanced tools and algorithms scoop up most of the liquidity in newly listed tokens, effectively shutting out retail traders from those early meme coin pumps.

Snorter Bot’s automatic execution changes that. It lets you place buy/sell orders in advance and then executes them the moment liquidity becomes available – something nearly impossible to do manually.

This gives you the chance to ride the earliest (and often biggest) price jumps in new meme coins.

On top of that, the bot is loaded with robust safeguards against common on-chain threats, including rug pulls, honeypots, front-running, and sandwich attacks.

Why buy $SNORT, Snorter Bot’s native cryptocurrency?

  • A potential 807% ROI by year-end, according to our $SNORT price prediction
  • No daily sniping limits
  • Advanced analytics
  • Generous staking rewards, currently yielding 123%
  • Reduced trading fees: just 0.85% vs. 1.5% charged to non-holders

Interested? Join the $SNORT presale, which has already pulled in over $3.77M from early investors. And each token is currently priced at just $0.1037.

Check out Snorter Token’s presale page to snort your way to profitable trades.

2. Maxi Doge ($MAXI) – Dogecoin-Themed Meme Coin with Aggressive Marketing Plans

Maxi Doge ($MAXI) might not have an other-worldly staking mechanism or any underlying utility, but its raw, laser-focused mission to overshadow Dogecoin has crypto degens hooked.

Simply put, Maxi is Dogecoin’s distant cousin who, thanks to Doge’s pomp and show as the best meme coin ever, grew up in the shadows. This left Maxi licking his paws in frustration.

That’s why Maxi harbors an undying hatred for Dogecoin. The million-dollar question, however, is whether $MAXI is capable of being the next 1000x crypto.

The answer? A resounding yes. With over 40% of its total token supply reserved for marketing (think PR campaigns, influencer partnerships, and social media blitzes), $MAXI has locked in a solid plan to go viral.

Additionally, it won’t stop at DEX and CEX listings – $MAXI is also eyeing a futures platform launch.

This could make it even more popular among high-risk, high-reward traders, who will be able to take leveraged positions and chase potentially life-changing gains.

Join the tribe by buying $MAXI while it’s still in presale at just $0.000256. The project has already amassed $1.9M in funding within just a few weeks.

Join the presale and go with this unhinged Maxi Doge in his journey to take down Dogecoin.

3. Comedian ($BAN) – Viral Meme Coin Based on Controversial Artwork

Comedian ($BAN)’s 130%+ rise over the past month is already impressive, but its additional 22% gain this past week is particularly noteworthy, as it comes right after a major breakout.

The breakout in question was a run-up out of a descending triangle pattern – the same formation that pushed the token into a nearly 90% drawdown back in February-April this year.

According to textbook technical analysis, by measuring the width of the triangle and projecting it from the breakout, $BAN could be on its way to $1.419360 – an eye-popping 1,000% gain from current price levels.

For context, Comedian is based on the controversial artwork featuring a banana taped to a wall.

This so-called piece of ‘modern’ art that has sparked endless online debate about whether it represents brilliance or just lazy absurdity.

Wrapping Up

With the US government showing no signs of slowing down its pro-crypto stance, the stage is set for the crypto market to rise by leaps and bounds in the coming weeks.

Remember, this article is not financial advice, and you must always do your own research before investing.

Authored by Krishi Chowdhary, Bitcoinist — https://bitcoinist.com/best-altcoins-to-buy-us-senate-confirms-tokenized-stocks-still-securities/

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Crypto Trends

US Senate Banking Updated Market Structure Bill

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The US Senate Banking Committee has now released an updated version of the crypto market structure bill. This particular legislative bill, titled the “Responsible Financial Innovation Act 2025,” now includes new provisions centered on developers, bankruptcy, among others, which are vital to the broader crypto industry.

Updated Crypto Market Draft Reveals Protection For Blockchain Developers

US digital asset regulation took a major step forward on Friday as the amended crypto market structure bill advanced out of the House Banking Committee. The bill, which seeks to clearly define the line between digital asset securities and commodities, among other goals, now heads to the Senate for another hearing, though with some modifications.

Most notably, the Responsible Financial Innovation Act now shields blockchain developers from being treated as financial institutions under existing securities laws. Therefore, activities such as providing interfaces or creating wallets are not regulated as securities dealings. However, developers are still accountable under anti-fraud, anti-manipulation, and anti-money laundering laws, and protection does not apply if someone takes custody of users’ funds or exercises central control over a system.

The bill also creates a safe harbor for non-fungible tokens (NFTs), clarifying that unique digital tokens representing art, memberships, tickets, or collectibles are not securities just because they can be resold or may rise in value. Interestingly, secondary sales are safe too, as long as the resale doesn’t raise new capital for the original promoter. But NFTs that are mass-produced, fractionalized, or structured as financial claims remain subject to securities laws. 

Meanwhile, a change to the Bankruptcy section of the act allocates digital commodities and ancillary assets to the same categories as cash and securities in bankruptcy rules. Therefore, when a firm goes bankrupt, customer claims are not limited to cash or traditional securities but now explicitly cover crypto and related digital assets as well.

SEC & CFTC To Set Up Joint Advisory Committee On Digital Assets

In other important news, the updated Responsible Financial Innovation Act 2025 proposes a Joint Advisory Committee on Digital Assets, jointly run by the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).

Unlike the earlier version of the bill that tilted oversight of crypto markets more heavily toward the SEC, this framework pushes both regulators to work together to study digital assets and provide nonbinding recommendations on rules, oversight, and regulatory harmonization.

The body will include up to 14 non-government members from across the industry, academia, and user base, alongside input from the National Institute of Science and Technology in a non-voting role.  Meanwhile, the total crypto market cap is now valued at $3.76 trillion 

Total crypto market cap valued at $3.76 trillion on the daily chart | Source: TOTAL chart on Tradingview.com

Featured image from Britannica, chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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SEC Chair Paul Atkins (Anna Moneymaker/Getty Images)
GameFi Guides

Legislation Steering U.S. Fate of Crypto Emerges in New Version in Senate

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The U.S. Senate’s work on the crypto industry’s top policy priority — a bill to establish the regulatory workings of crypto markets in the U.S. — advanced further on Friday with the private circulation of a new draft bill that further outlines protections for crypto developers, bankruptcy guidelines for some digital asset issuers and how federal regulators can support tokenization in financial markets.

Despite the big lobbying win this year in which the U.S. House of Representatives passed the Digital Asset Market Clarity Act that represents one approach to setting crypto market structure, the House’s work has represented only a broad jumping-off point for the Senate, which is pursuing its own version that is expected to take the lead as the policy most likely to be enacted.

The much lengthier new version obtained by CoinDesk would establish legal protections for those “developing, publishing, constituting, administering, maintaining or otherwise distributing” a distributed ledger system or a “decentralized finance messaging system.”

The new market structure draft from Senate Banking has the best developer protections language we have seen to date. Still digging into the rest of the bill, but this is worth celebrating immediately.

Could not be more thrilled to see @BankingGOP include an amendment to Section… pic.twitter.com/MufkAfOgpQ

— Amanda Tuminelli (@amandatums) September 5, 2025

The new draft also includes a section on bankruptcy, amending existing law to account for “ancillary assets” and clarifying that during bankruptcy procedures, ancillary assets and digital commodities should be treated as customer property.

The bill’s authors want the SEC and CFTC to conduct a joint study on tokenizing securities and other real-world assets with the aim of developing standards for how third-party custodians can handle tokenized assets, as well as what standards should exist for those tokenized assets. Following the study, the agencies could go through the rulemaking process for “tailored regulatory pathways” if needed.

Tokenized securities are still to be treated as securities, while tokenized real-world assets that aren’t securities should not be treated as securities because they’re tokenized, the bill said.

Though the bill is now circulating, it’s not yet clear whether this version pushed by key Republicans in the Senate Banking Committee will win support from their Democratic counterparts, or from the Senate Agriculture Committee that also must get behind the legislative effort.

While the House’s Clarity Act did clear its 308-122 vote with very wide bipartisan support, the Senate’s requirement for 60 votes puts a higher technical demand on Republican leaders there to win several Democrat votes. When the Senate’s previous major crypto undertaking, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, arrived for House consideration, President Donald Trump urged that chamber to pass it as-is rather than putting its own stamp on the language.

That’s what happened, with the Senate’s take on stablecoins becoming law, marking the biggest U.S. policy accomplishment for the industry so far.

Though the two chambers’ separate market-structure efforts are broadly similar, some significant differences have emerged, including in how a crypto asset can transition from a security to a commodity. That’s one of the core questions as the center of the legislation, working out which agency may have oversight authority for specific approaches to digital assets. Uncertainty remains over the timing of the Senate’s work. Trump had originally said he wanted it done by August — a deadline that is now in the rearview. Senate Banking Committee Chairman Tim Scott, a South Carolina Republican, had later set a Sept. 30 target and repeatedly claimed it could be met. While Senator Cynthia Lummis, the Wyoming Republican who runs the panel’s crypto subcommittee, had agreed with Scott’s plan, she later said Trump can sign it by Thanksgiving.

The Senate has this week returned from its August break. Congress faces a full plate with budget demands and other matters, but crypto has remained among its leading priorities — and the one that’s consistently drawing major support from both parties. Before now, the Senate Banking Committee had first released some broad priorities for the market structure bill, held a hearing on the topic and then put out a discussion draft in July to gather thoughts from interested parties.

This latest, full version of the bill represents another step toward passage. It could next get what’s known as a markup hearing in which senators may be permitted to amend the legislation, then a Senate floor vote in which it’ll need 60 votes to advance. To win Democratic backing, this version would almost certainly be further revised with those lawmakers’ proposals.

Before any bill can become a law, matching legislation must pass both the Senate and House. So, if this bill eventually clears the Senate, the House then gets its vote, and judging by the margin by which the Clarity Act passed, it’s likely to clear that hurdle easily.

UPDATE (Sept. 5, 2025, 22:23 UTC): Adds detail on tokenization.





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Clarity Act Gains Bipartisan Support As Senate Weighs Next Steps
GameFi Guides

Clarity Act Gains Bipartisan Support as Senate Weighs Next Steps

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The debate over U.S. digital asset regulation is gaining momentum as lawmakers push for clearer rules. Representative French Hill revealed that the Clarity Act, aimed at shaping digital asset market structure, received overwhelming bipartisan support in the House. 

In an interview with Fox Business, Hill said that 78 Democrats backed the bill, alongside strong Republican support. The legislation now moves to the Senate, where discussions continue under the leadership of Senator Tim Scott. Hill urged the Senate to “consider taking up the Clarity Act in their process and simply make improvements to it.”

NEW: Chairman @RepFrenchHill on digital asset market structure legislation:

“The CLARITY Act in the House, which I wrote, got 78 Democrat votes here in the House. … We got such overwhelming support by Democrats and Republicans. … I would hope that the Senate would consider… pic.twitter.com/58gIMZMPIN

— Financial Services GOP (@FinancialCmte) September 3, 2025

Senator Scott is optimistic that between 12 to 18 Democrats might support a framework for the crypto market. Additionally, prominent figures like Senators Kirsten Gillibrand and Cynthia Lummis are playing an active role in this effort. 

On this matter, Hill said he is hopeful that the bill could be passed in just a few weeks, especially considering the pressing need to effectively regulate digital assets.

Concerns Over Fed’s Role and Stablecoins

As support for crypto legislation continues to grow, worries about its effects on traditional finance remain. During the Kansas City Fed’s Jackson Hole Symposium, Fed Governor Mickey Bowman described digital assets as a “seismic shift” in the understanding of money and value. 

He cautioned that if people don’t adapt, blockchain systems might completely sidestep the banking industry. Hill responded to these concerns by highlighting the role banks play in issuing dollar-backed stablecoins. He clarified that these stablecoins would mainly facilitate cross-border trade instead of replacing banks altogether.

“A dollar back payment stable coin is simply a new payment method,” Hill said. These stablecoins, he added, would require issuers to hold assets in banks or U.S. Treasury bills, supporting short-term government debt markets.

CBDC Debate Intensifies

According to him, central banks are looking into government-backed digital currencies, such as the digital euro in Europe. Hill emphasized that the U.S. should lean towards solutions from the private sector, showing the need for consumer choice and financial privacy.

Meanwhile, the House recently passed the Anti-CBDC Surveillance State Act, which seeks to block the Federal Reserve from launching a digital dollar. However, competing proposals, including a revision to the National Defense Authorization Act, are still under debate.

The Clarity Act could reshape U.S. crypto regulation by bridging partisan divides. Hence, the coming changes will determine whether Congress sets a clear path for digital assets.

Also Read: Federal Reserve to Host Payments Innovation Conference on Oct. 21





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Crypto lobby issues ultimatum to Senate on developer safeguards
GameFi Guides

Crypto lobby issues ultimatum to Senate on developer safeguards

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A bloc of 112 companies and advocacy groups informed Senate committees that their support for pivotal market structure legislation is entirely contingent on robust, explicit safeguards for software developers, framing it as a dealbreaker.

Summary

  • 112 crypto firms and advocacy groups told Senate committees their support for a market structure bill depends on explicit developer safeguards.
  • Signatories demand federal protections for blockchain developers and non-custodial service providers to prevent misclassification and conflicting state laws.

On August 27, an alliance of 112 crypto firms, investors, and advocacy groups delivered a pointed missive to the Senate Banking and Agriculture committees.

The coalition, a veritable who’s who of the industry, including Coinbase, Kraken, a16z, and every major lobbying shop, presented a unified front with a stark condition: their support for the pivotal market structure bill is wholly dependent on the inclusion of explicit, federally preemptive safeguards for software developers.

The letter, orchestrated by the DeFi Education Fund, stated that without these protections, the industry “cannot support” the legislation, framing it as a non-negotiable term for their endorsement.

The stakes behind the ultimatum

The letter argues that forcing open-source software creators into regulatory frameworks designed for traditional financial intermediaries like banks or brokerages is not just impractical; it’s a fundamental misclassification that could paralyze development.

Notably, the signatories point to a stark brain drain, citing data that the U.S. share of open-source software developers has plummeted from 25% in 2021 to just 18% in 2025, a decline they attribute directly to regulatory uncertainty.

The urgency is compounded by recent legal actions that have sent a chill through the developer community, including the recent conviction of Tornado Cash developer Roman Storm on charges of conspiracy to commit money laundering, operating an unlicensed money transmitter, and violating sanctions law, which served as a sobering precedent.

Prosecutors argued that by creating and maintaining the privacy-focused protocol, Storm was responsible for its misuse by North Korean hackers and other bad actors, despite not controlling the protocol or user funds. The conviction crystallized the industry’s fear that developers could be held criminally liable for the actions of third parties who use their neutral, open-source technology.

The demands

The specific protections the coalition demands are both technical and sweeping. They are asking lawmakers to explicitly shield individuals from regulation solely for the act of creating, publishing, or maintaining blockchain code.

“To create an environment in which innovators across America can confidently and safely build financial infrastructure, the final version of market structure legislation must include explicit federal protections for blockchain infrastructure developers and non-custodial service providers,” the letter read.

Crucially, they seek a federal preemption to prevent a conflicting patchwork of state laws and an explicit carve-out that prevents developers from being misclassified and prosecuted as unlicensed money transmitters under statute 18 U.S.C. § 1960.



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Senate Probe Uncovers Allegations of Widespread Abuse in ICE Custody
Gaming Gear

Senate Probe Uncovers Allegations of Widespread Abuse in ICE Custody

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A United States Senate investigation has identified more than 500 credible reports of human rights abuses in US immigration detention since January, including alarming allegations of mistreatment of pregnant women and children.

As of late last month, the investigation—led by US senator Jon Ossoff, a Democrat of Georgia—had unearthed 41 cases of physical and sexual abuse; 14 involving pregnant detainees and 18 involving children.

The accounts of abuse span facilities in 25 states and include Puerto Rico, US military bases, and charter deportation flights. Among the most harrowing: a pregnant woman reportedly bled for days before being taken to a hospital, only to miscarry alone without medical attention. Others described being forced to sleep on the floor or denied meals and medical exams. Attorneys reported that their clients’ prenatal checkups were canceled for weeks at a time.

Children as young as 2 were also subjected to neglect. One US citizen child with severe medical needs was hospitalized multiple times while in Customs and Border Protection custody, where an officer allegedly dismissed her mother’s pleas for help by telling her to “just give the girl a cracker.” Another child recovering from brain surgery was reportedly denied follow-up care, and a 4-year-old undergoing cancer treatment was deported without access to doctors.

The Senate investigation found most abuse reports at detention centers in Texas, Georgia, and California, spanning both facilities run by the Department of Homeland Security and federal prisons used under Immigration and Customs Enforcement (ICE) agreements. The findings are based on dozens of witness interviews, Ossoff’s office says, including detainees, family members, attorneys, correctional staff, law enforcement, doctors and nurses, as well as site inspections of detention centers in Texas and Georgia.

The report also cites corroborating news investigations and public records, drawing on sources such as WIRED, Miami Herald, NBC News, CNN, BBC, and regional outlets like Louisiana Illuminator and VT Digger.

Together, these sources formed the foundation of what the report describes as an “active and ongoing investigation” into systemic mistreatment of pregnant women and children in US custody.

ICE did not respond to WIRED’s request for comment.

A WIRED investigation published in late June focused on 911 calls from 10 of the nation’s largest ICE detention centers, and it revealed a pattern of medical crises ranging from pregnancy complications and suicide attempts to seizures, head injuries, and allegations of sexual assault. (WIRED shared its findings with Ossoff’s office upon request last month.)

Sources told WIRED that detention staff frequently failed to respond to urgent calls for help, including multiple cases in which pregnant women suffered serious complications or miscarriages without timely medical attention.

The Trump administration’s detention system is undergoing rapid expansion, with plans to more than double capacity to over 107,000 beds nationwide. New facilities are rising in West Texas, where a $232 million contract has funded a tent-style camp at Fort Bliss capable of holding up to 5,000 people; and in Indiana, where ICE struck a deal to house 1,000 detainees in the state prison system.

Florida’s so-called “Alligator Alcatraz” caged encampment has already drawn lawsuits over alleged human rights abuses and environmental damage, while critics warn that relying on military bases and remote rural prisons to absorb the surge strips detainees of due process and shields conditions from public scrutiny.

Civil rights groups and local advocates argue that the expansion cements a system already plagued by neglect, pointing to reports of miscarriages, untreated illness, and violence inside.

With contracts flowing to private prison companies and military facilities alike, the US is locking in the largest immigration detention network in the country’s history—an infrastructure that critics say is designed not only to hold migrants but to make their suffering invisible.



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