1.Trump: Simplify Crypto Rules, Consider National Reserve.
according to Fortune reports, U.S. President Donald Trump on Thursday solidified his pro-cryptocurrency stance in an executive order, stating that his administration will support the development and use of digital assets and blockchain technology.
The executive order instructs the government to establish a clear regulatory framework for the crypto industry and explore the creation of a national digital asset reserve, bringing several major victories to the cryptocurrency.
The executive order establishes the so-called President’s Digital Asset Market Working Group, chaired by AI and cryptocurrency special advisor David Sacks, with other senior government members including the chairs of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The key points of this executive order include:
·Clarify the regulatory framework for the crypto industry to responsibly support industry growth
·Explore the establishment of a national digital asset reserve
·Prohibit government agencies from issuing CBDC
·Repeal SAB 121 that hinders institutions from holding cryptocurrency
2.SEC Allows Banks to Hold Cryptocurrency.
according to the official website, the U.S. SEC has issued SAB 122, formally revoking SAB 121 that prevented banks from custodying cryptocurrency.
It is reported that Staff Accounting Bulletin 121 (SAB 121) was a guidance issued by the U.S. SEC in 2022, requiring companies holding cryptocurrency to record these assets on their balance sheets and disclose related risks. This guidance applied to all SEC-regulated entities, especially banks and financial institutions, potentially subjecting them to higher capital requirements, thereby affecting their ability to provide cryptocurrency custody services.
3.Senator Lummis: 2025 Is the Year of Bitcoin and Digital Assets.
Cynthia Lummis, the proponent of the “Bitcoin Strategic Reserve Act” and chair of the Senate Banking Committee’s Digital Assets Subcommittee, posted on social media that this year will be the year of Bitcoin and digital assets.
4.Trump: U.S. Will Be Global Crypto Capital.
Trump mentioned cryptocurrency for the first time in his second term, stating that the United States will become the world capital of cryptocurrency.
5.Trump says he will ask for a rate cut.
Cointelegraph stated on social media that Trump expressed his intention to request a rate cut.
6.Trump: Congress to Pass Largest Tax Cut in U.S. History.
US President Trump stated that Congress will pass the largest tax cut bill in American history.
7.CZ: US Bitcoin Reserve Plan Confirmed.
CZ commented on X platform on “US Senator Cynthia Lummis Serving as Chair of US Senate Banking Committee on Digital Assets,” stating: “US strategic Bitcoin reserve, essentially confirmed. Cryptocurrency once again moving forward at crypto speed.”
8.CZ: Global Leaders to Discuss Cryptocurrency Adoption.
CZ commented on an upcoming call between Trump and the President of El Salvador on the X platform, stating: “Presidents of various countries will begin to discuss how to adopt cryptocurrency if they haven’t already.”
9.Trump to Call El Salvador’s President.
President Trump will hold a phone call with the President of El Salvador at 3:30 PM EST.
10.BlackRock CEO Fink: Hopes SEC Approves Tokenizing Bonds and Stocks.
BlackRock CEO Fink expressed his hope that the U.S. Securities and Exchange Commission (SEC) would approve the tokenization of bonds and stocks.
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