This week, we break down the latest market selloff as bitcoin slips below $60,000, Strategy's mounting paper losses, and a wave of crypto industry layoffs. We also examine the escalating legal fight over Illinois' proposed crypto transaction tax, what Congress' summer recess means for pending crypto legislation, and the growing uncertainty surrounding the Clarity Act.

Then, we sit down with three expert guests: StarkWare General Counsel Katherine Kirkpatrick Bos to unpack the CME Group's lawsuit against the CFTC over perpetual futures, Sumsub Chief Growth Officer Ilya Brovin to discuss how AI is transforming compliance and fraud prevention, and Connecticut State Police Detective Matt Hogan to provide a front-line perspective on crypto investigations, blockchain policy, and the practical impact of regulation on law enforcement.