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Today’s news highlights: Bitcoin reserves are running low, industry dynamics are in focus, and regulatory policies are being tightened
In the latest chapter of the digital currency market, a series of key dynamics are reshaping the industry landscape. Bitcoin exchange reserves have fallen to a three-year low, indicating potential increased market volatility. At the same time, the modification of Ethereum ETF registration documents, the fermentation of security disputes, and policy-level updates have a profound impact on market trends.
As an observer, this article will sort out and analyze the key information and dynamics of the cryptocurrency circle on June 20. It will deeply explore the influencing factors behind these events and predict how they will shape the future trends and development directions of the market, giving you insight into the latest pulse of the digital currency field.
As an observer, this article will sort out and analyze the key information and dynamics of the cryptocurrency circle on June 20. It will deeply explore the influencing factors behind these events and predict how they will shape the future trends and development directions of the market, giving you insight into the latest pulse of the digital currency field.
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Harris promises cryptocurrency regulation, but details remain unclear
U.S. Vice President Kamala Harris recently announced that she will support the development of policies to protect cryptocurrency investors, with a special focus on black men.
As part of the Democratic campaign, Harris, on behalf of the team, emphasized the importance of male voters of color, which may be crucial to them in the upcoming November presidential election. At the same time, her support may be one of the strategies of the Democratic Party to win voter support in the cryptocurrency field.
Committed to advancing crypto regulatory framework to ensure black rights
As part of the Democratic campaign, Harris, on behalf of the team, emphasized the importance of male voters of color, which may be crucial to them in the upcoming November presidential election. At the same time, her support may be one of the strategies of the Democratic Party to win voter support in the cryptocurrency field.
Committed to advancing crypto regulatory framework to ensure black rights
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House challenge fails: Biden's veto remains strong despite SEC softening
Accounting Bulletin 121 (SAB 121) issued by the U.S. Securities and Exchange Commission (SEC) requires companies, including banks, to treat crypto assets held by customers as liabilities on their balance sheets. This requirement has led to efficiency bottlenecks for large banks in providing cryptocurrency custody services.
To change this situation, the U.S. House of Representatives and Senate passed a bipartisan Congressional Review Act (CRA) resolution aimed at repealing the guidance of SAB 121. However, the Biden administration vetoed the resolution in May.
Although the president's veto posed an obstacle to the passage of the bill, according to American Banker, the House of Representatives held a vote on July 11 to try to override the veto. Unfortunately, the vote did not reach the two-thirds majority required to override the president's veto, with a final vote of 228 in favor and 184 against, failing to overturn the president's veto resolution.
To change this situation, the U.S. House of Representatives and Senate passed a bipartisan Congressional Review Act (CRA) resolution aimed at repealing the guidance of SAB 121. However, the Biden administration vetoed the resolution in May.
Although the president's veto posed an obstacle to the passage of the bill, according to American Banker, the House of Representatives held a vote on July 11 to try to override the veto. Unfortunately, the vote did not reach the two-thirds majority required to override the president's veto, with a final vote of 228 in favor and 184 against, failing to overturn the president's veto resolution.
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🚨Vitalik speaks out on Durov's arrest: Worrying about the future of free communication in Europe!
🌐 Ethereum founder Vitalik Buterin recently expressed his views on the arrest of Telegram founder Pavel Durov on the X platform.
He said that despite past criticism of Telegram's encryption practices, he believes that if the arrest is based solely on allegations of "lack of regulation" and does not involve data leaks, then this practice is indeed worrying.
📑 He also said that this situation may indicate that Europe's future direction in software and communication freedom may not be optimistic. At the same time, Vitalik's concerns also touch on a core issue, that is, how do we protect innovation and personal freedom while pursuing security and regulation?
🔗 Durov's arrest is not only a warning to Telegram, but also a profound revelation to the encryption community and the technology community. It highlights our urgent challenge to maintain the right to free communication in an increasingly tightening regulatory environment.
🤝 This incident also reminds us that the crypto community and the wider technology sector need to unite to face regulatory measures that may threaten free communication.
🛡 At this critical moment, our voices and actions are crucial to shaping the future of the digital world!
👇 How do you think Durov’s arrest will affect freedom of communication in Europe? Are Vitalik’s concerns justified? How can we maintain the right to communicate freely while ensuring security? Share your views in the comments!
#VitalikButerin #Telegram #通信自由 #监管政策 #加密社区讨论
🌐 Ethereum founder Vitalik Buterin recently expressed his views on the arrest of Telegram founder Pavel Durov on the X platform.
He said that despite past criticism of Telegram's encryption practices, he believes that if the arrest is based solely on allegations of "lack of regulation" and does not involve data leaks, then this practice is indeed worrying.
📑 He also said that this situation may indicate that Europe's future direction in software and communication freedom may not be optimistic. At the same time, Vitalik's concerns also touch on a core issue, that is, how do we protect innovation and personal freedom while pursuing security and regulation?
🔗 Durov's arrest is not only a warning to Telegram, but also a profound revelation to the encryption community and the technology community. It highlights our urgent challenge to maintain the right to free communication in an increasingly tightening regulatory environment.
🤝 This incident also reminds us that the crypto community and the wider technology sector need to unite to face regulatory measures that may threaten free communication.
🛡 At this critical moment, our voices and actions are crucial to shaping the future of the digital world!
👇 How do you think Durov’s arrest will affect freedom of communication in Europe? Are Vitalik’s concerns justified? How can we maintain the right to communicate freely while ensuring security? Share your views in the comments!
#VitalikButerin #Telegram #通信自由 #监管政策 #加密社区讨论
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Singapore Leads the Race for Digital Assets in Asia, Regulatory Advantage Surpassing Hong Kong
According to the latest report from Bloomberg, Singapore is rapidly rising and is expected to surpass Hong Kong by 2024, becoming the leader in Asia's digital asset space, particularly excelling in regulatory efficiency and attracting cryptocurrency companies.
This year, Singapore significantly increased the issuance of cryptocurrency licenses, reaching a total of 13, more than double that of last year. Well-known international platforms such as OKX, Upbit, Anchorage, BitGo, and GSR have obtained operational licenses, further proving Singapore's strong attractiveness to cryptocurrency firms.
In stark contrast, Hong Kong has made slow progress in issuing licenses, with only seven platforms obtaining formal licenses, while several others hold temporary licenses.
This year, Singapore significantly increased the issuance of cryptocurrency licenses, reaching a total of 13, more than double that of last year. Well-known international platforms such as OKX, Upbit, Anchorage, BitGo, and GSR have obtained operational licenses, further proving Singapore's strong attractiveness to cryptocurrency firms.
In stark contrast, Hong Kong has made slow progress in issuing licenses, with only seven platforms obtaining formal licenses, while several others hold temporary licenses.