Once a project is funded in Umia, its tokens don't get placed in a team treasury, but instead in a noncustodial treasury. Thanks to an automatic monthly disbursement, teams are still able to operate and develop within the agreed upon budget. Any larger requests are done through decision markets, and the outcome with the highest-price conditional token price is the one that gets executed. Through this mechanism, Umia allows founders to continue developing while giving markets a direct say.

The CLARITY Act nearly died Thursday morning. Negotiations between Republicans and Democrats collapsed Wednesday night after talks stalled over changes to the BRCA, which protects noncustodial software developers from money transmitter prosecution. Thursday morning, the five pro-crypto Democrats met in Warner's office to strategize. "Members were still hashing it out as late as 10:29 a.m." The hearing started at 10:30. The deal came together in the ante room right after Warren's opening statement. Senators Tillis, Lummis, Alsobrooks, and Gallego struck a last-minute compromise while GOP aides handwrote draft amendments and rushed printed materials to members in real time. One staffer called it "chaotic and unprecedented." The compromise removed BRCA-referencing language from Section 301, which DeFi advocates say could weaken developer protections. Other revisions authorized banks to engage in digital asset activities, banned insider trading on ancillary assets, and preserved state consumer protection laws. The bill passed 15-9. Both Democratic yes votes made clear their support doesn't carry to the floor. Gallego: "My vote here does not guarantee a vote on the floor." The bill now gets merged with the Senate Agriculture Committee text before a full Senate vote.

🚨 Ep. 100 of @TokenizedPod: Visa Stablecoin Settlement Hits $20BN - Up 15X @PetBerisha is joined by: - @Elise_X_Digital, Former Regulator, Policy & Regulatory Specialist - @cyril_mathew, Co-Founder & CEO, @rtp - @mattgmarcus, Co-Founder & CEO, @ModernTreasury To discuss: 🚀 @ModernTreasury Treasury launches noncustodial stablecoin wallets with fiat rails - Latitude raises $35 million to connect stablecoins with local rails - OpenFX provides onchain FX liquidity for cheaper stablecoin payouts - MoneyGram launches stablecoin linked Visa card and cash off ramps -@RobinhoodApp expands prediction markets and its fast growing blockchain ecosystem -Prediction markets and global regulation *** Timestamps: 00:00 Introduction 03:00 Modern Treasury launches noncustodial stablecoin wallets with fiat rails 05:13 Stablecoin agnosticism and likely consolidation among leading stablecoins 08:00 Business stablecoin demand across products, liquidity and payment infrastructure 10:11 Dollar denominated stablecoins, dollarization and global monetary sovereignty 13:28 Latitude raises $35 million to connect stablecoins with local rails 18:19 Regulation first stablecoin infrastructure and Latitude’s global licensing strategy 20:28 Stablecoins reducing cross border payment fragmentation and last mile complexity 23:23 OpenFX provides onchain FX liquidity for cheaper stablecoin payouts 27:52 MoneyGram launches stablecoin linked Visa card and cash off ramps 37:36 Robinhood expands prediction markets and its fast growing blockchain ecosystem 51:48 Prediction markets and global regulation *** 👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈

The National Sheriffs’ Association was the last of the major police organizations opposing the Clarity Act to change its position, moving from opposition to neutral. But that shift is notable. Compare the language in this letter with the one the group sent July 31, when it described the bill as “harmful,” warned of “significant law enforcement and public safety risks” and characterized the BRCA language as “terrible policy.” While not an endorsement, the shift likely reflects significant behind-the-scenes work between White House officials and the group this summer to move it from its earlier highly critical stance to neutral. Not expected to change their positions, I’m told, are the prosecutors: the National District Attorneys Association and the National Association of Assistant U.S. Attorneys. Both groups have conditioned their support on significantly narrowing the BRCA’s protections for noncustodial software developers, including making it easier to prosecute them as unlicensed money transmitters for knowingly moving illicit funds. The White House, Treasury, Members of Congress and the crypto industry have made clear they are unwilling to make those changes. Democratic Senator @SenCortezMasto aligned herself with the prosecutors’ groups in a July letter backing the proposed changes and has not publicly shifted her position since. But the NSA’s move to neutral is generally being viewed as removing another obstacle on the path to the September 15 vote.

INTERVIEW: Why Every Chain, Wallet & App Is Integrating NEAR Intents | Kendall Cole @NEARProtocol wants users to stop thinking about blockchains altogether. @proximityfi co-founder Kendall Cole joins @TrustlessState to explain how @near_intents connects 35 chains, powers products like @infinex, brings tokenized assets and confidential transactions into one seamless experience, and turns fragmented crypto markets into a single account where users see assets, not infrastructure. [TIMESTAMPS] 0:00 Intro 2:29 Chains Need Neutrality 4:20 Near’s Chain Abstraction Vision 6:03 Wallets to Retail Expansion 9:30 Bootstrapping Liquidity and Partners 11:23 RWA Asset Explosion 15:00 Tokenized Stocks on Near 15:57 One App Across Chains 19:01 Near as Chain Abstraction 21:35 Trading Bots and Payments 24:54 MiCA’s Market Shock 28:16 Noncustodial Compliance Strategy 29:17 Euro Onramps into Near 31:38 Regulation Meets On-Chain Freedom 38:09 Confidential Intents Launch 41:15 Privacy for Users and Firms 43:36 Private zcash:native Routing 46:50 Privacy for AI Models 49:52 near:native’s Fee Capture Model 52:19 Crypto as Exchange Infrastructure

“Non-custodial” describes a wallet’s control structure. It doesn’t determine how regulators will classify it. With @infinilex, a legal and compliance firm operating across India, the UAE, and the US, we compare six jurisdictions. Full article:

🌟 Non-custodial means AlloX never holds your funds. Not for a second. Every portfolio you build executes directly on-chain. Every token lands straight in your wallet. Every swap is signed by you. We bring the AI, the routing, and the allocation logic. You keep everything else. Your keys. Your assets. Always. 👉

JUST IN: CFTC allows non-custodial wallet interfaces to connect traders and crypto derivatives exchanges. • Protects front-end software developers and app providers. 👉Regulatory clarity is underway!