The Block - 2026-08-05 ​
2 items collected.
1. ‘At a standstill:’ Senate races to salvage Clarity Act before August recess as ethics fight, law enforcement concerns loom ​
Author: Sarah Wynn
Published: 8/5/2026, 9:41:36 PM
Categories: People, Policy, Regulation, U.S. Policymaking, Donald Trump, Senate Agriculture Committee, Senate Banking Committee
With a procedural vote on crypto legislation up in the air, lawmakers are racing to resolve outstanding issues within the next few days.
2. Block’s bitcoin gross profit falls 31% after Cash App fee cuts as shares reverse initial gains ​
Author: Kyle Baird
Published: 8/5/2026, 8:47:25 PM
Categories: Companies, Crypto Ecosystems, Crypto Infrastructure, Equities, Layer 1s, Markets, Public Equities, Token Projects, Bitcoin, Block, Earnings, Wallet Makers
Block raised its 2026 gross profit forecast to $12.51 billion after posting record adjusted operating income.