bills

US President Trump stated at the Republican conference in Florida that he would refuse to sign any other legislation until Congress approves the "SAVE America Act" (a bill regarding voter identification, citizen verification, and restrictions on mail-in ballots).This statement may hinder the long-awaited Digital Asset Market Clarity Act for the crypto industry. This crypto bill is currently undergoing difficult negotiations in the Senate Banking Committee, having previously passed through the Senate Agriculture Committee.Although Trump has been calling for improvements to the crypto regulatory framework since early last year and considers it a White House priority, he is currently insisting that the voter identification bill is the top priority, claiming that this bill is key to ensuring Republican victories in the midterm elections and beyond.

According to official news, Citibank announced that it has tokenized a bill of exchange and completed its entire lifecycle (from issuance to settlement) on the Solana blockchain.

According to the Hong Kong Government News Bulletin, the Financial Services and the Treasury Bureau and the Securities and Futures Commission are formulating the regulatory details for virtual asset trading and custody services. The goal is to submit a bill to the Legislative Council this year regarding the regulation of four types of service providers related to virtual assets, including opinions on virtual assets and virtual asset management services. In addition, the Hong Kong "Stablecoin Ordinance" officially came into effect in August 2025, and the Monetary Authority is currently processing related license applications.In establishing an international gold trading market, Hong Kong has set a target to expand gold storage by over 2,000 tons within three years to build a regional gold reserve hub. The Hong Kong Central Clearing System, wholly owned by the government, has been established, and the target clearing system is set to commence trial operations within this year. Furthermore, the Financial Services and the Treasury Bureau is studying the optimization of tax relief measures related to the treasury center and exploring the possibility of shortening the stock settlement cycle from the current T+2 to T+1.

Florida State Representative Joe Gruters submitted bills SB 1038 and SB 1040. Bill SB 1038 proposes the establishment of a Florida Strategic Cryptocurrency Reserve under the Office of the Chief Financial Officer, while bill SB 1040 proposes the establishment of a Florida Cryptocurrency Reserve Trust Fund, outlining its sources and uses of funding.The effective date for both bills is July 1, 2026, provided that SB 1040 and SB 1038 or similar legislation is enacted, and such legislation must be passed and become law during the same legislative session or its extended session.

According to official news, the OKX 2025 Annual Report is now officially online. Users can not only unlock their personal exclusive annual titles but also participate in activities to win multiple grand prizes. Specifically, users can follow the activity rules published by the OKX Chinese official Twitter, complete designated retweet tasks, and share the exchange or Web3 annual report for a chance to participate in the lottery. After the event ends, the OKX Chinese official Twitter will select 1 loyal fan to receive a spot for the New Year's dinner, and will also draw 50 users to receive luxurious merchandise gift boxes, 2025u airdrop positions, 66U, and various other rewards.It is reported that the OKX Annual Report covers two main sections: the exchange and the Web3 wallet, presenting users' trading journey throughout the year with multi-dimensional and diversified data, helping users to comprehensively review and summarize. Users who upgrade the OKX APP to version 6.69.0 or above can immediately view their exclusive annual report.

According to Jinshi, Federal Reserve Chairman Powell stated that purchasing short-term Treasury bills is to support effective control of the policy interest rate.

According to Jinshi reports, the Federal Reserve FOMC statement will purchase $40 billion in Treasury bonds over the next 30 days.

According to Jinshi reports, the Federal Reserve FOMC statement will begin purchasing Treasury bills on December 12.

The top official of the Monetary Authority of Singapore (MAS) stated on Thursday that the Singapore central bank plans to advance the construction of a scalable and secure tokenized financial ecosystem. To this end, a pilot for tokenized MAS bill issuance will be launched next year, along with the introduction of relevant laws to regulate stablecoins.Chia Der Jiun, the Director of the Monetary Authority of Singapore, pointed out at the Singapore FinTech Festival: "Tokenization has begun, but has asset-backed tokens reached 'escape velocity'? Not yet." He mentioned that the MAS has been refining the details of the stablecoin regulatory framework and will subsequently draft relevant legislative proposals, with a core focus on "robust reserve asset support and reliable redemption mechanisms." Chia Der Jiun also added that the MAS is simultaneously supporting various pilot projects under the "Blue Initiative," which aims to explore the use of tokenized bank liabilities and regulated stablecoins for settlement.

ChainCatcher news, according to Cointelegraph, Illinois Governor JB Pritzker has signed the Digital Asset and Consumer Protection Act (SB 1797) and the Digital Asset Self-Service Terminal Act (SB 2319).The former authorizes the state’s Department of Financial and Professional Regulation to oversee digital asset exchanges and related businesses, requiring them to maintain sufficient financial resources and implement cybersecurity measures; the latter addresses cryptocurrency ATMs, stipulating that operators must register, provide full refunds to scam victims, limit transaction fees to no more than 18%, and restrict new users to a daily transaction limit of $2,500.

ChainCatcher news, according to Cointelegraph, Logan Payne, a lawyer at Winston & Strawn specializing in the cryptocurrency field, analyzed the three upcoming cryptocurrency bills and stated that the GENIUS bill may bring uncertainty to how DeFi platforms handle stablecoins. "How GENIUS will affect DeFi, at least for now, we have intentionally left some mysteries unsolved, and there will still be a lot of uncertainty in the future, but in the overall policy environment, if this trend continues, we will gradually get some answers over time."Payne stated, "In the coming years, more legislation will be introduced, and some regulations will be enacted to fill some gaps in the DeFi space."

According to ChainCatcher, on Thursday local time, the U.S. House of Representatives passed three pieces of cryptocurrency-related legislation: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act.The CLARITY Act and the Anti-CBDC Surveillance State Act will be sent to the Senate for consideration. The GENIUS Act is expected to be officially signed into law by Trump on Friday local time. (Jin Shi)

ChainCatcher news, encrypted journalist Eleanor Terrett posted on the X platform stating that according to the voting schedule released by House Majority Leader Steve Scalise, the U.S. House of Representatives will hold a procedural vote this afternoon local time to determine the terms for floor debate on the GENIUS, CLARITY, and Anti-CBDC bills, which were reviewed by the Rules Committee yesterday. The final vote may take place tomorrow or Thursday.

ChainCatcher news, encrypted journalist Eleanor Terrett posted on the X platform stating that according to the voting schedule released by House Majority Leader Steve Scalise, the U.S. House of Representatives will hold a procedural vote this afternoon local time to determine the terms for floor debate on the GENIUS, CLARITY, and Anti-CBDC bills.These three bills were previously reviewed by the Rules Committee yesterday, and the final vote may take place tomorrow or Thursday.

ChainCatcher news, CryptoQuant reported that according to the latest SEC filing by Strategy (MSTR), as of June 30, 2025, the company holds 597,000 bitcoins, purchased for $42.4 billion, with a current market value of $64.4 billion.However, the new accounting rule ASU 2023-08 requires companies to report bitcoin assets at fair value, even if not actually sold, which could trigger a 15% corporate minimum tax rate (CAMT) starting in 2026.Strategy explicitly stated in the filing that the company "may need to liquidate a portion of its bitcoin holdings or issue additional debt or equity securities to raise sufficient cash to meet its tax obligations." This means that tax pressure may force Strategy to sell part of its bitcoin holdings in the future to address the actual tax bill arising from unrealized gains.

ChainCatcher news, according to DLNews, the House plans to kick off "Crypto Week" on July 14 to review three important pieces of legislation, including the "Genius Act," the "Payment Stablecoin Clarity Act," and the "Anti-CBDC Surveillance State Act."The "Genius Act" will set federal standards for dollar-backed stablecoins, with issuers exceeding the $10 billion threshold facing oversight from the Federal Reserve and the Office of the Comptroller of the Currency. The "Payment Stablecoin Clarity Act" will establish a federal regulatory framework for stablecoins, while the "Anti-CBDC Surveillance State Act" aims to permanently prohibit the Federal Reserve from issuing retail central bank digital currency.Cryptocurrency lawyer John Deaton stated that once the bill is signed into law, the likelihood of the government changing policies in the future will be significantly reduced. The market is currently closely watching the outcome of this vote, which is seen as a pivotal moment in determining the direction of U.S. crypto regulation.

ChainCatcher news, David Sacks, the White House's cryptocurrency and artificial intelligence director, known as the "crypto czar," stated in a post that the week of July 14 is House Cryptocurrency Week: The "GENIUS Act" is about to be sent to the President. Meanwhile, the "CLARITY Act" (U.S. Digital Asset Market Clarity Act) is also set to be sent to the Senate.