Brazil's central bank will delay crypto transfers over $10,000 by up to 24 hours under new anti-fraud rules.

The rule targets transfers to foreign exchanges and self-custody wallets, citing the growing use of stablecoins to move money from financial scams.

The measure takes effect next year, the central bank says it is not an asset freeze.

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Bitcoin Core developer Luke Dashjr says changing Bitcoin's proof-of-work is "the only option" if BIP 110 fails.

Critics warn if six mining pools can block the proposal, Bitcoin's decentralization is "effectively lost." Meanwhile, Bitcoin briefly topped $65,340, its highest since July 27, before pulling back near $65,000.

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White House Official Patrick Witt says Democrats blocked a vote on the Crypto Clarity Act before summer recess.

"If they can't get there by September 15, they never will."

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Coinbase CEO Brian Armstrong says "Bitcoin gives a store of wealth that can't be inflated away."

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🇺🇸 White House vows to PASS the crypto CLARITY Act in September.

Patrick Witt says the Trump administration remains “fully committed” to passing the crypto bill, adding, the US "can’t afford to wait forever.”

The bill now faces a 60-vote test on September 15.

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The CFTC charges a Florida man over a $397 MILLION crypto Ponzi scheme with 1,600 victims.

Christopher Delgado and his firm Goliath Ventures allegedly lied about putting customer funds in DeFi liquidity pools.

Instead he spent $48 million on a yacht, $4.9 million on world travel and $2.9 million on luxury apparel and jewelry.

Delgado already pleaded guilty to wire fraud in June and faces up to 20 years per count. The SEC filed parallel charges Tuesday.

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