Senate Votes on Crypto's Clarity Act as Bitcoin Slides | CoinDesk Daily

0:00Bitcoin slides as a Senate votes on crypto's biggest bill. And the DOJ moves to seize $61 million tied to Iran's military. This is Coin Desk Daily. Want trusted crypto research? Check out the stack. GraceGalesBlog. Visit grayscale.com slash the stack. Real Fight. A smarter stablecoin backed by real-world assets. Join the test net now at realfie.co. Bitcoin has slipped below 77,000 ahead of clarity acts make or break moment today. The Senate is set to vote at 2.15pm Eastern on whether to advance the market structure bill. Polymarket betters have turned cautious. All to the bill being signed this year's split from 34% Monday to 20%. The U.S. Department of Justice is moving to seize $61 million in crypto. It says was funding Iran's military. Prosecutors have filed a civil forfeiture complaint tied to Iran's black market sales of sanctioned crude oil. Two Chinese firms allegedly used Binance accounts to launder the funds before routing them back to Tehran.

1:00Binance says it has zero tolerance for sanctions violations and did not permit transactions with sanctioned individuals. In a U.S. House committee is set to vote Wednesday on the first major crypto tax bill to move through Congress. The Ways and Means Committee released the 114-page Digital Asset Tax Certainty Act late Monday. The headlin provision would eliminate taxes on crypto transactions under $10. A long standing industry ask that would make it easier to use digital assets for small purchases like a cup of coffee. Get more updates on coindesk.com. Want trusted crypto research? Check out the stack. GraceGalesBlog. Visit GraceGales.com slash the stack. Real Fight. A smarter stablecoin backed by real-world assets. Join the testnet now at realfie.co