Multiple U.S. law enforcement groups oppose the provisions in the Senate's crypto market structure bill that protect DeFi developers, arguing that it would weaken the government's ability to combat financial crime. The bill's proposed amendments have triggered a bipartisan rift, and it remains unclear whether it can move forward in the future.

Swiss private bank Banque Syz SA in Geneva has erupted into a generational family split due to major disagreements between founder Eric Syz and his son Marc Syz over cryptocurrency strategy. Marc has departed along with business partner Richard Byworth, planning to advance a dual listing for bitcoin treasury company Future Holdings AG.

Golden Finance reports that, according to official sources, the first peer-to-peer Bitcoin trading protocol Rift has raised $8 million from Paradigm, aiming to bring native Bitcoin trading to Ethereum and other networks.