Trump Pressures Senate on Budget and Cryptocurrency Legislation
As Congress resumes its sessions, senators face a busy agenda to meet deadlines set by President Donald Trump. The massive budget and tax overhaul known as the “Big Beautiful Law” passed the House of Representatives last month by a narrow margin of 215 to 214. As Trump’s pressure mounts for the bill to pass the Senate, cryptocurrency regulations are also being brought to the forefront.
SEC Chairman: A Rational Regulatory Framework for Cryptocurrencies Will Be Created
SEC Chairman Paul Atkins announced that the agency is entering a new phase in its policy toward cryptocurrencies. Emphasizing the need to create a “rational regulatory framework” for digital assets rather than enforcement actions, Atkins said the SEC will continue its reform agenda.
Democrats: SEC Hiding Important Information About Crypto Law
Democrats in the US House of Representatives accused the SEC of not sharing important information about the crypto regulations being prepared. They said that expert analysis, which is normally provided to bipartisan lawmakers under the name of technical assistance (TA), was not provided this time. According to the Democrats, this prevents the full impact of the law from being assessed.
Senator Hagerty: GENIUS Act Will Modernize the U.S. Payment System
U.S. Senator Bill Hagerty announced that the GENIUS Act is a historic regulation that will bring the payment system into the 21st century. The law aims to maintain the U.S.’s global leadership in innovation. It also covers regulations in the areas of stablecoins and digital payments.
Metaplanet CEO: Stock Trading Volume Leads in Japanese Stock Exchange
Metaplanet CEO Simon Gerovich announced that the company ranked first in both trading volume (170 million shares) and trading value (222 billion yen, approximately $1.51 billion) on the Tokyo Stock Exchange. This performance demonstrates growing interest in Metaplanet’s crypto investment strategies.
MELANIA Project Transfers 150 Million Tokens,
The Melania Trump-themed memecoin $MELANIA transferred 150 million tokens (approximately 50 million dollars) from its community wallet to enhance liquidity. Of these tokens, 20 million (approximately 6.62 million dollars) were sent to the address of market maker Wintermute.
Truth Social Files Bitcoin Spot ETF Application
Truth Social, the social platform affiliated with Trump Media, has filed a Bitcoin spot ETF application through the NYSE Arca exchange. The application indicates that the platform intends to launch an ETF that will track Bitcoin spot prices. If approved, Truth Social will become the first social media platform to file such an application.
Greed Sentiment in the Crypto Market Has Declined
According to Alternative.me data, the Crypto Fear and Greed Index stands at 62 today, indicating that the “greed” sentiment has eased slightly. The index was at 64 yesterday. The market remains cautiously optimistic overall.
Bitcoin Spot ETFs See $378 Million in Single-Day Inflows
Bitcoin spot ETFs saw a net inflow of $378 million yesterday, ending three consecutive days of capital outflows. The largest inflows were seen in the ARKB (140 million dollars) and FBTC (137 million dollars) funds. The total net assets of Bitcoin ETFs have reached 128.13 billion dollars, corresponding to 6.1% of Bitcoin’s total market value.
Ethereum Spot ETFs Record Inflows for the 12th Consecutive Day
Ethereum spot ETFs recorded inflows of $109 million yesterday, continuing their streak of positive net inflows for 12 consecutive days. The largest inflows were into BlackRock’s ETHA fund ($77 million), followed by Fidelity’s FETH fund ($21 million). The total value of Ethereum ETFs reached 9.813 billion dollars, equivalent to 3.11% of ETH’s market value.
by Darkex Research – 1 min read
Click for Market Pulse news articles prepared by the Darkex Research Team.
