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ARTICLE · 24 JULY 2026

Crypto Brief

Lowenstein Sandler LLP
Lowenstein Sandler LLP
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Lowenstein Sandler LLP

Lowenstein Sandler LLP

Lowenstein Sandler LLP is a national law firm with over 400 lawyers based in New York, Palo Alto,...

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This weekly digest from Lowenstein Crypto examines critical developments in digital asset regulation, including new ethics provisions in the CLARITY Act that would prohibit federal officials from issuing cryptocurrencies, SEC Commissioner Hester Peirce's guidance on crypto vaults and lending strategies, and a legal challenge to Illinois' controversial digital asset tax. The brief also covers BitMEX's planned shutdown and Russia's new retail crypto trading framework.

United StatesCorporate/Commercial Law

Lowenstein Crypto advises leading digital asset and cryptocurrency projects, exchanges, and trading firms. Our practice covers regulatory advice, transactions and structuring advice, investigations, and adversarial matters including commercial disputes, bankruptcy, and related litigation. As these markets continue their rapid growth and market participants continue to evolve and mature their businesses, we are providing this weekly digest as a resource that highlights and summarizes a selection of key recent legal regulatory developments.

New Draft of CLARITY Act Includes Ethics Provisions 

On July 22, the U.S. Senate released a new draft of the Digital Asset Market Clarity Act (CLARITY Act), including ethics provisions which would prohibit a covered individual (e.g., the president and other federal officers) from issuing or sponsoring a digital asset in exchange for consideration. The new draft also includes a safe harbor if a covered individual places any direct interest in a

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