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According to FOX Busines reporter Eleanor Terrett on the X platform, U.S. Senator Bill Hagerty has said he will push the SEC to focus on crypto regulatory clarity because the industry needs to have a proper ecosystem ...... Otherwise it will push crypto outside of the non-US. However, SEC Chairman Gary Gensler countered that there is a difference between violating the law and disliking the law and a lack of clarity.Bill Hagerty said that there is still a lot of uncertainty and lack of clarity about the SEC's initiatives, but that "it doesn't have to be this way."

Movement Labs has announced the launch of a hackathon, "Battle of Olympus," designed to "drive the development and adoption of Movement," the first modular network for the Move blockchain. According to the team, the hackathon, which will take place from July 17 to September 17, is an important part of Movement Labs' broader "Road to Parthenon" initiative, which uses a gamified structure that allows participants to earn points and rewards as they progress.