As Congressional representatives mull giving more power to the Securities and Exchange Commission to regulate the crypto industry, a contrasting bill was introduced to instead give the Commodities Futures Trading Commission more authority. So reports PBS. 

Congress has reached a stalemate regarding a planned overhaul of stablecoin regulations and will continue to grapple with the matter as it heads into its mid-summer recess.

The Bank of England is calling for tougher cryptocurrency regulations in the wake of heavy losses—more than $2 trillion in the space—in its newest financial stability report. So reports the Associated Press.

FTX U.S. President Brett Harrison said he is pushing for greater governmental regulation of the crypto industry as prices for major tokens continue to flounder. So reports Newsweek.