US Senate Approves “Big and Beautiful” Bill, Sends It to House of Representatives
The US Senate approved Trump’s sweeping tax cut and spending bill by a vote of 51 to 50. Vice President Vance cast the tie-breaking vote. Trump’s “big and beautiful” bill was sent to the House of Representatives for passage before the July 4 deadline, led by House Speaker Mike Johnson.
New York Attorney General: GENIUS Act Lacks Necessary Investor Protections
New York Attorney General Letitia James stated in a statement addressed to Congress that the GENIUS Act on stablecoins does not contain sufficient regulations to protect the public. She recommended that stablecoin issuers be regulated like banks and that digital identity verification be made mandatory.
Arizona Governor Vetoes Crypto Reserve Fund Bill
Governor Katie Hobbs vetoed HB2324, a digital asset reserve fund bill. The bill would have allowed seized digital assets to be used statewide, but Governor Hobbs argued that it would complicate cooperation with local law enforcement.
Tether Signs Partnership Agreement with Zanzibar e-Government Authority
Tether has signed a memorandum of understanding with the Zanzibar Electronic Government Authority (eGAZ) to support digital asset education and financial innovation. This partnership aims to promote financial inclusion in developing regions.
U.S. Treasury Department Imposes Sanctions on Aeza Group and Affiliated Crypto Wallets
Russia-based Aeza Group has been sanctioned by the U.S. Department of the Treasury for allegedly hosting ransomware and information theft software. The company’s executives, crypto wallets, and affiliated companies have also been added to the sanctions list. An address containing $350,000 worth of crypto has also been frozen.
France Announces Plan to Expand AI in Businesses
The French Ministry of Economy has unveiled a new national plan titled “Boldly Embrace Artificial Intelligence.” By 2030, 100% of large companies, 80% of SMEs, and 50% of micro-enterprises will use artificial intelligence in their daily operations. The plan includes information, training, and financial support.
SEC Publishes New Guidelines for Crypto ETFs
The US Securities and Exchange Commission (SEC) has published a statement detailing the disclosures that crypto ETF issuers must include in their filings. The guidelines cover details such as net asset value calculation, custody practices, conflicts of interest, and ETF creation/redemption mechanisms.
SEC Approves Grayscale’s Request to Convert Its Digital Large Cap Fund into an ETF
Grayscale’s Bitcoin-focused digital large-cap stock fund has been approved to convert into a spot ETF through an accelerated process and will begin trading on the New York Stock Exchange Arca. The fund is composed of 80% Bitcoin, 11% Ethereum, and the remainder in Solana, Cardano, and XRP.
by Darkex Research – 1 min read
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