23:59 2025-07-03
The US House of Representatives has declared mid-July as "Crypto Week" and will consider a number of cryptocurrency billsThe leadership of the U.S. House of Representatives announced Thursday that the week of July 14 will be designated as "Crypto Week", during which it will focus on three important cryptocurrency bills: the GENIUS Stablecoin Act, the Digital Asset Market Clarity Act, and a bill on a central bank digital currency (CBDC).
The GENIUS Act requires stablecoins to be fully backed by US dollars or highly liquid assets, and to conduct annual audits of large issuers. Digital assets...
23:35 2025-07-03
Golden Morning News | List of important events overnight on July 421:00-7:00 Keywords: Big America Act, Tax Reform Act, Trump
1. Trump: Today's data is good news, much better than expected.
2. The "Big and Beautiful" bill was passed by the House of Representatives of the United States Congress and only needs to be signed by the president;
3. US Senator Cynthia Lummis proposes a comprehensive crypto tax reform bill.
4. US Treasury Secretary: If the Federal Reserve does not cut interest rates, it may cut interest rates even more in September.
5. Federal Reserve ...
23:35 2025-07-03
Grey release says SEC suspension of trading in its digital fund "unexpected"Crypto-asset manager Grayscale said in an email on Thursday that the decision by the Securities Exchange Commission (SEC) to suspend trading in its Digital Large Cap Fund (GDLC) was "unexpected". The company said the regulator's decision on Wednesday surprised industry observers and showed that the regulatory environments were changing.
Grayscale said: "While this development is unexpected, it reflects the regulatory backlash surrounding pioneering digital asset products like GDLC.
22:56 2025-07-03
The popularity of stablecoins remains high, and fund subsidiaries are actively trying early adoptersWith the active promotion of stablecoin-related regulatory rules overseas and the passage of the Stablecoin Bill by the Legislative Council of the Hong Kong Special Administrative Region of China, the gradual improvement of the regulatory mechanism has made stablecoins the focus of the market. Recently, the announcement of Guotai Junan International's upgrade of its virtual asset trading service license directly promoted the surge in stablecoin concept stocks, and financial technology and other ...
22:31 2025-07-03
Canada's finance minister: can negotiate the best trade deal with the United States, no more digital taxesFrancois Philippe, Canada's finance minister, said his country could negotiate better trade deals with the Trump administration than other countries, rejecting suggestions that Canada might have to accept new benchmark tariffs on all exports to the US. "We import more from the US than Japan, the UK and France combined, so we are not in the same camp as other countries," Mr. Philippe said. "The competitiveness of North America depends on the relationship between Canada and the US, and Canada has ...
22:31 2025-07-03
U.S. Treasury Secretary: May initially meet financing needs by issuing short-term bondsUS financing needs are likely to rise following the passage of the Republican sweeping tax cut and spending bill, Treasury Secretary David Bescent said on Thursday. The Treasury is likely to replenish the Treasury account by issuing more short-term US debt after the debt ceiling limit is lifted. "This legislation also helps us get out of that terrible debt ceiling predicament, which is why we had to limit debt issuance," Mr. Bescent said. "So we are likely to replenish the Treasury's general acc...