The cryptocurrency world is abuzz with significant developments, from heated debates over Bitcoin’s future to regulatory actions reshaping the industry. At the center of the storm is Michael Saylor executive chairman of MicroStrategy, who has vocally opposed BIP-110 a proposal for a temporary Bitcoin fork. Meanwhile, US regulators have missed a critical deadline under the GENIUS Act and France has ordered internet service providers to block access to Polymarket.
These events highlight the dynamic and often contentious nature of the cryptocurrency space, where technological innovation and regulatory oversight frequently collide. As the industry continues to evolve, stakeholders must navigate a complex landscape of technical debates and legal frameworks.
Michael Saylor’s Case Against BIP-110
Michael Saylor took to social media on Sunday to outline his ‘110 reasons’ why BIP-110 is a flawed proposal. The Bitcoin Improvement Proposal-110 introduced in, aims to limit non-monetary transactions on the Bitcoin network, particularly targeting Ordinals inscriptions and other arbitrary data that could potentially spam the network. Saylor argues that such a fork would undermine Bitcoin’s core principles of neutral rules, hard consensus, open markets, and permissionless innovation.
In a lengthy post spanning approximately 3,700 words on, Saylor emphasized the importance of maintaining Bitcoin’s original design as a peer-to-peer cash system. The debate over BIP-110 echoes the Blocksize Wars of 2015-2017, a contentious period when the Bitcoin community fiercely debated the block size limit for scalability. Saylor’s stance underscores the deep divisions within the Bitcoin development community regarding the protocol’s future direction.
US Regulators Miss GENIUS Act Deadline
In a significant regulatory development, US agencies missed the rulemaking deadline under the GENIUS Act on Saturday. The Guiding and Establishing National Innovation for US Stablecoins Act signed into law by President Donald Trump on July 18, 2026, aimed to establish a comprehensive federal regulatory framework for stablecoins. Despite a year of proposed rules and public feedback, no final regulations were issued before the deadline.
The agencies involved, including the Department of the Treasury the Office of the Comptroller of the Currency (OCC) the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board have left stablecoin issuers in a state of regulatory uncertainty. While the GENIUS Act remains valid, the lack of final rules could have significant implications for the stablecoin market and its participants.
France Orders Block on Polymarket
France’s Autorité nationale des jeux (ANJ) has ordered internet service providers to block access to Polymarket a popular prediction market platform. The ANJ classified prediction websites as illegal gambling, citing that Polymarket’s operations are not authorized in France. Advertising unauthorized gambling sites can result in fines of up to 100,000 euros.
Polymarket allows users to buy and sell contracts tied to the outcomes of future events, ranging from elections and sporting events to economic data and geopolitical developments. The platform has gained significant popularity over the past two years, with billions of dollars in trading volume. However, its operations have drawn scrutiny from regulators worldwide, with countries like SingaporePolandPortugalHungaryUkraineBrazil and Indonesia also blocking access. At press time, Polymarket reported being geoblocked in 36 regions.
The ANJ first shared plans to block the platform in for failing to comply with national gambling laws. This latest action underscores the ongoing regulatory challenges faced by crypto-related platforms operating in multiple jurisdictions.
