SEC Chair: Innovative Exemption Policies to Promote Asset Tokenization on the Agenda
According to Bloomberg, following the US House of Representatives’ historic passage of the stablecoin bill, SEC Chair Paul Atkins announced that they are considering innovative exemption policies to support the development of tokenization.
SEC staff are reportedly working on more nuanced regulations that would allow exemptions for new trading methods and encourage the development of a tokenized securities ecosystem.
Washington Post: One in Five Senior Officials in Trump Administration Own Cryptocurrency
According to research conducted by the Washington Post, Trump has approximately $51 million in cryptocurrency assets, and approximately 20% of senior executives own virtual currency. When the public asset declarations of 300 officials were examined, it was found that more than 70 had invested directly in cryptocurrency or blockchain companies.
Trump Calls on Fed to Cut Interest Rates: 1% Target
President Trump said that interest rates should be lowered to 1%. Trump stated that high interest rates make it difficult for young people to buy homes and that the Fed should take a more equitable approach.
SEC Chairman Atkins: Stablecoins Are Within the Scope of Banking Regulators
According to Jinshi, SEC Chairman Paul Atkins said that stablecoins fall directly within the scope of banking regulators. This statement came amid discussions on regulatory clarity.
Bit Digital Purchased 19,683 ETH, Bringing Its Total Holdings to Over 120,000 ETH
According to PR Newswire, Bit Digital purchased 19,683 ETH using $67.3 million in private placement proceeds from institutional investors. With this transaction, the company’s total Ethereum holdings reached 120,306 ETH.
Web3 Fantasy Football Game Football.Fun Raises $2 Million
Football.Fun has secured $2 million in funding led by 6th Man Ventures and participation from Devmons, Zee Prime Capital, Sfermion, and The Operating Group. On this Web3-based platform, players can create teams with NFT-like cards and trade on a dynamic AMM marketplace.
FTX China Payments Case: Setting a Global Legal Precedent
A US bankruptcy court will decide whether to block debt payments to certain countries following objections from countries such as China and Saudi Arabia. This decision is expected to set a precedent for global crypto law.
Bank of America: Bank of England May Cut Interest Rates in August and November
According to Jinshi Data, Bank of America predicts that the Bank of England will cut interest rates twice this year. This forecast deviates from the previously predicted scenario of three cuts (August, September, and November).
by Darkex Research – 1 min read
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