While votes on crypto legislation are likely on pause until after the election, September is expected to include Congressional hearings on DeFi, SEC oversight, and possibly more crypto-related issues. On the enforcement front, the CFTC brought an action against Uniswap Labs that drew sharp criticism from two commissioners, and the Federal Reserve brought another enforcement action against a bank doing business with crypto customers. Rep. French Hill continues to call for the release of Tigran Gambaryan – a U.S. citizen, Binance executive, and former IRS employee – who is reportedly being denied medical care while being detained on money laundering charges that some U.S. lawmakers have described as “fabricated.”
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