US House of Representatives Passes Three Cryptocurrency Bills
The US House of Representatives has passed the CLARITY Act, the GENIUS Act, and the Anti-CBDC Oversight Act. The CLARITY and Anti-CBDC bills have been sent to the Senate, while the GENIUS Act is expected to be signed by Trump on Friday. A signing ceremony for the GENIUS Act is planned at the White House.
SEC Evaluating Regulatory Exemptions for Crypto Innovations
According to Bloomberg, SEC Chairman Paul Atkins announced plans to introduce regulatory exemptions for innovative projects to encourage tokenization. This announcement, which follows the House of Representatives’ passage of historic stablecoin legislation, strengthens the US’s goal of becoming a global crypto hub.
Trump Paves the Way for Crypto Assets in Retirement Funds
According to the Financial Times, President Trump is preparing to sign an executive order allowing 401k retirement funds to invest in alternative assets such as cryptocurrencies, gold, and private equity. The executive order, which will affect the $9 trillion retirement market, aims to remove barriers and provide investment diversity.
Trump Supports Tax Exemption for Small Bitcoin Transactions
According to Bitcoin Magazine, White House spokeswoman Carolyn Levitt said Trump explicitly supports exempting Bitcoin transactions under $600 from taxation. This step aims to popularize the daily use of cryptocurrencies.
Russia’s Largest Bank Sberbank Wants to Provide Crypto Asset Custody Services
According to Reuters, Sberbank has announced plans to offer custody services for crypto assets in Russia. The bank has submitted a proposal for legal regulation to the central bank, stating that this step will both increase transaction security and protect users.
Semler Scientific Increases Bitcoin Holdings to 4,846 BTC
US-based public company Semler Scientific purchased an additional 210 BTC for $25 million, bringing its total holdings to 4,846 BTC.
USDC Treasury Burns 55 Million USDC on the Ethereum Chain
According to Whale Alert data, the USDC Treasury removed 55 million USDC from circulation on the Ethereum chain. The total value of the burn amounted to approximately 55 million dollars.
Net Inflows into Bitcoin Spot ETFs for the 11th Consecutive Day
According to SoSoValue data, a total of 523 million dollars in net inflows were recorded in Bitcoin spot ETFs on July 17. While 497 million dollars were invested in BlackRock’s IBIT fund, the total market value of ETFs reached 154.6 billion dollars, equivalent to 6.51% of Bitcoin’s total market value.
by Darkex Research – 1 min read
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