#Fed Ends Novel Activities Supervision#  

Major developments in cryptocurrency over the past 24 hours.
The cryptocurrency market has experienced some pullback as investors have adopted a cautious attitude amid macroeconomic uncertainty. The total cryptocurrency market capitalization has decreased to $3.95 trillion. The trading price of Bitcoin ( BTC ) is $115,030, while the trading price of Ethereum ( ETH ) is $4,235. The trading price of XRP is $3, and the trading price of Solana is $179. Meanwhile, on August 18, the total outflow of funds from Bitcoin ETFs was $121.81 million, and the outflow from Ethereum ETFs was $196.62 million.
The U.S. Department of the Treasury has requested public comments on the GENIUS Act.
The U.S. Treasury has requested public comments on the GENIUS stablecoin legislation, which was signed into law by President Donald Trump in July.
In a statement released yesterday, the Treasury Department announced that it welcomes "interested individuals and organizations" to provide feedback on "innovative approaches, technologies, and strategies" for identifying and preventing illegal financial risks associated with digital assets. The deadline for comments is October 17. Treasury Secretary Scott Bansen stated in the announcement that this step is crucial for the implementation of the law and pointed out that it will ensure the United States' leadership in the field of digital assets. After the comments are concluded, the department will evaluate the proposals and submit a report to the Senate Banking Committee and the House Financial Services Committee.
The law regarding the payment of stablecoins will take effect 18 months after it is signed into law on July 18, or 120 days after the Treasury Department and the Federal Reserve finalize the relevant regulations. The Treasury Department has specifically requested feedback on preventing illegal activities such as cryptocurrency money laundering. The review also involves tracking using APIs, artificial intelligence, digital identity verification, and blockchain technology.
The U.S. Securities and Exchange Commission has postponed its decision on the Solana and XRP crypto ETFs.
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the three major cryptocurrency exchange-traded funds (ETF), extending its review period to October. According to a notice released yesterday, the new decision dates are October 8 for the Bitcoin and Ethereum ETFs, October 16 for the Solana ETF, and October 19 for XRP. The Bitcoin and Ethereum ETFs are presented under the Trump brand and are a commodity-based structure that directly holds BTC and ETH and issues underlying shares.
The agency delayed numerous ETF applications in the summer and is expected to announce most decisions in the fall. In March, ETF proposals based on XRP, Litecoin, and Dogecoin were also postponed. Meanwhile, the SEC extended the review deadline for requests to trade spot Bitcoin and Ethereum ETFs directly with cryptocurrency instead of cash to September. #机构以太坊储备破1000万枚#