The SEC has suffered a setback in the Ripple lawsuit regarding the nature of XRP tokens. Additionally, the SEC may face another disappointing outcome in the Grayscale case. The D.C. Circuit has ruled that the SEC's decision to exclude certain stock volatility futures from certain regulations was unfair and lacked a reasonable basis. As a result, SPIKES Index Futures will now fall under "securities futures" rather than "futures," and market participants will have three months to adjust their transactions.
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SEC Faces Another Setback in Grayscale Case as Court Deems Its Decision Unfair and Lacking Reasonable Basis
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Strategist: Fiscal policy could trigger a sharp repricing of U.S. Treasuries
Jussi Hiljanen, Chief Interest Rate Strategist at SEB Research, said in a report that the long-term US Treasury yield may further rise, partly because market confidence in US policy is waning. "Trust in US policy is eroding, considering the cost of forex hedging, lack of attractiveness in valuation, and investors shifting to European bonds, all indicate that long-term US yields face structural upward pressure, with long-term Treasury yields expected to rise modestly, but fiscal policy may trigger a significant repricing of US Treasury bonds." -
South Korean Conservatives Promise Trump-Style Crypto Policy in Presidential Campaign
according to Yonhap News Agency, Hong Joon-pyo, a presidential candidate for the ruling party National Power Party in South Korea, promised to significantly reduce regulations on blockchain and cryptocurrency at a policy forum. This conservative candidate stated that he will emulate the regulatory approach of the Trump administration in the United States. He pledged to implement blockchain technology in government services and promote virtual assets as a separate industry. -
South Korea plans to issue new guidelines in Q3 to lift ban on institutional cryptocurrency investments
South Korean financial regulatory agency announced on Wednesday that it plans to release comprehensive guidelines for institutional cryptocurrency investments in the third quarter. The Financial Services Commission made this announcement during a meeting with local cryptocurrency industry experts. While investment guidelines for listed companies and professional investors are expected to be introduced in the third quarter, the Financial Services Commission stated that its goal is to release investment guidelines for non-profit organizations and cryptocurrency exchanges in April. The Financial Services Commission first announced in January that it would gradually lift the ban on institutional investors investing in cryptocurrencies. Last month, the regulatory agency revealed that it intends to first allow charities and universities to sell their cryptocurrency assets in the second quarter. The upcoming detailed guidelines further solidify South Korea's shift in stance towards cryptocurrencies, no longer strictly opposing the entry of crypto assets into traditional financial markets. -
Utah Bitcoin Bill Passes State Senate, But Key Provisions Are Deleted
The Bitcoin bill in Utah has passed the state Senate, but the core provisions of the bill have been removed. The provision was originally intended to make Utah the first state in the United States to have its own Bitcoin reserve. The "HB230 Blockchain and Digital Innovation Amendment" bill now only provides basic custody protection to Utah citizens, giving them rights to mine Bitcoin, run nodes, and participate in staking. On March 7, the bill passed with 19 votes in favor, 7 votes against, and 3 abstentions, and will now be sent to Utah Governor Spencer Cox for signature into law. -
Texas Senate Advances Bitcoin Reserve Bill with Bipartisan Support
The Texas Senate has just passed Senate Bill 21 (SB-21) with a huge majority, marking a major step towards integrating digital assets into the national financial system. -
Trump signs executive order establishing White House 2026 World Cup task force
President Trump signed an executive order to establish a special White House 2026 World Cup task force. -
US media: TSMC invests another $100 billion in the US; Trump still considers imposing tariffs on Taiwanese chips
Golden Finance reported that TSMC is investing another billion US dollars in the United States, but the US "Wired" magazine reported on the 4th that an informed source said that this move did not stop the Trump administration from considering imposing potential tariffs of up to 100% on TSMC and other Taiwanese chip factories. The source said that one plan is that the tax objects will not only be Taiwanese chips themselves, but also electronic products such as iPhones equipped with Taiwanese chips. According to Wired magazine, the White House and the US Department of Commerce did not immediately comment, and TSMC declined to comment. (Jinshi) -
Trump pledges to fire SEC Chair Gary Gensler ‘on day one’ if reelected
The Republican candidate laid out a plan for crypto policies should he win in November against prospective Democratic presidential nominee Kamala Harris.
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Cointime June 29th News Express
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The US SEC has returned the S-1 form to the potential Ethereum ETF issuer with a few comments, asking it to fix the problem and resubmit.
The US Securities and Exchange Commission has returned the S-1 form to the potential Ethereum ETF issuer with some comments, asking them to address the issues and resubmit. Sources say that at least one more round of review is needed before these measures can take effect. The issuer has reportedly been asked to address these comments and resubmit before July 8th. Sources note that this will not be the final declaration after the form is returned, meaning that at least one more declaration is needed before the ETF can begin trading.
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