Oratomic raises $300M to build 20,000-qubit quantum computer, and crypto should pay attention

The post Will a $189M Lobbying Campaign Result in Crypto CLARITY? appeared on BitcoinEthereumNews.com. The crypto industry has spent years convincing Washington that it deserves a seat at the table. Now, as Congress inches toward passing the CLARITY Act, a long-awaited crypto market structure bill, it seems it finally has one. The question is no longer whether lawmakers are listening to digital asset advocates, but whether the crypto lobby’s deep pockets and influence in election campaigns will be enough to get the legislation over the line. That debate comes as Senate negotiators work toward a potential floor vote before Congress breaks for its August recess.  In a June 25 thread on X, Kristin Smith, president of the Solana Policy Institute and former chief executive of the Blockchain Association, argued that crypto’s advocacy operation is “the strongest and most sophisticated it has ever been.” She pointed to bipartisan negotiations, daily meetings with lawmakers, and what she descri

The post UK Labour MPs push for permanent crypto donation ban after Farage resignation appeared on BitcoinEthereumNews.com. UK Labour MPs have proposed making a temporary ban on cryptocurrency donations to political parties permanent after Nigel Farage resigned amid investigations into multimillion-pound gifts linked to crypto industry figures. Summary UK Labour MPs have proposed making the temporary ban on cryptocurrency donations to political parties permanent after Nigel Farage’s resignation. The proposal comes as Parliament investigates multimillion pound gifts Farage received from crypto linked figures including Christopher Harborne and George Cottrell. Lawmakers are expected to debate the amendments next week while Labour begins choosing a new leader who could influence future UK crypto policy. The Guardian reported on Thursday that members of the ruling Labour Party have tabled amendments to existing political donation rules that would permanently prohibit digital asset donation

UK Labour MPs have proposed making a temporary ban on cryptocurrency donations to political parties permanent after Nigel Farage resigned amid investigations into multimillion-pound gifts linked to crypto industry figures. The Guardian reported on Thursday that members of the ruling…

The post Democrat Wyden sides with crypto industry over BRCA as it becomes Clarity Act’s make-or-break fight appeared on BitcoinEthereumNews.com. Sen. Ron Wyden, the Oregon Democrat sent a letter this week to Senate Majority Leader John Thune and Senate Democratic Leader Charles Schumer. His ask: keep Section 604 in future drafts of the Clarity Act. The disputed section is the Blockchain Regulatory Certainty Act, known as BRCA. BRCA began as its own bill. It later got folded into the bigger Clarity Act, and it has since become one of the hardest sticking points as lawmakers try to move crypto legislation forward. The measure creates a safe harbor for developers who don’t hold or control customer funds. It says plainly that these developers should not count as money transmitters. Sen. Cynthia Lummis, R-Wyo., introduced the original bill earlier this year. Wyden is its only cosponsor. “Smart policy will empower law enforcement to do its job and facilitate innovation at the same time,” Wy

The post UN Forum: Blockchain For Good Alliance Pushes Verifiable Infrastructure As Trust Foundation appeared on BitcoinEthereumNews.com. The crypto industry’s bid for policy relevance took an unusual diplomatic detour when the Blockchain for Good Alliance (BGA) brought its message of verifiable trust infrastructure directly to a United Nations cultural forum. The original report details how the non-profit, founded by crypto exchange Bybit, urged policymakers to treat blockchain and AI not as isolated risks but as joint building blocks for institutional trust. The intervention comes at a precarious moment for crypto regulation in Washington, where banks are trying to kill sweeping Senate legislation just days before a decisive vote. While national lawmakers debate the future of digital asset oversight, BGA’s audience on the international stage highlighted a parallel track: the attempt to define crypto’s value not by market swings but by its capacity to anchor truth in an information en

The post Paradigm Raises $1.2 Billion AI Fund, Keeps Bitcoin Bets Alive appeared on BitcoinEthereumNews.com. Crypto News Paradigm, one of the crypto industry’s largest venture investors, has raised $1.2 billion for a new fund dedicated to artificial intelligence and robotics — its most explicit push yet beyond digital assets. The vehicle, the firm’s third venture fund, closed on Wednesday and signals a broadening strategy rather than a retreat from crypto. Managing partner Alana Palmedo described digital assets as the firm’s first frontier and still a compelling market, while acknowledging that developments elsewhere in technology had become too significant to ignore. The raise lands as Bitcoin trades near $62,000, down sharply on the year, underscoring how capital is rotating toward AI across the broader altcoin market. Founded in 2018 by Matt Huang, a former Sequoia Capital partner, and Coinbase co-founder Fred Ehrsam, Paradigm built its reputation backing protocol-level crypto proje

The post Nigel Farage resigns as MP amid crypto donor gifts controversy appeared on BitcoinEthereumNews.com. Nigel Farage has resigned as a Member of Parliament after confirming he will seek re-election in a by-election while facing scrutiny over multimillion-dollar gifts from figures linked to the crypto industry. Summary Nigel Farage has resigned as MP and will contest a Clacton by-election while parliamentary investigations continue. Farage denies wrongdoing over multimillion-dollar gifts linked to crypto figures Christopher Harborne and George Cottrell. The controversy comes as crypto-related political funding faces growing scrutiny in both the UK and the US. According to statements Farage made during an X livestream on Tuesday, the Reform UK leader stepped down as the MP for Clacton so local voters could decide whether he should continue representing the constituency while parliamentary investigations into his financial declarations continue. Farage said he had “done nothing wrong

Nigel Farage has resigned as a Member of Parliament after confirming he will seek re-election in a by-election while facing scrutiny over multimillion-dollar gifts from figures linked to the crypto industry. According to statements Farage made during an X livestream…