BlockchainArch

On June 12, U.S. Treasury Secretary Basant reiterated that stablecoins could secure the dollar's dominance.

From June 9 to 10, local time, He Lifeng, the Chinese leader of China-US economic and trade and vice premier of the State Council, and the US leaders, U.S. Treasury Secretary Bessant, Commerce Secretary Luttnik, and Trade Representative Greer held the first meeting of the China-US economic and trade consultation mechanism in London, England. The two sides had a frank and in-depth dialogue, had an in-depth exchange of views on economic and trade issues of mutual concern, reached agreement in principle on the framework of measures to implement the important consensus reached by the two heads of state in the phone call on June 5 and to consolidate the results of the Geneva economic and trade talks, and made new progress in resolving each other's economic and trade concerns.
He Lifeng stated that this meeting is an important consultation carried out under the guidance of the strategic consensus reached by the heads of state of the two countries on June 5 this year. China's attitude and position on China-U.S. economic and trade issues are clear and consistent. The essence of China-U.S. economic and trade relations is mutually beneficial and win-win; cooperation leads to benefits for both, while conflict harms both.
There are no winners in a trade war. China is unwilling to fight, but is not afraid to fight either. Double

Developing offshore RMB stablecoins is an important means to accelerate the internationalization of the RMB, adopting a gradual approach for promotion, which does not affect the monetary policy regulation in the mainland, and can alleviate the uncertainty in the development of Digital Money. At the same time, global attention on encryption Digital Money is also rising.

[挖币] U.S. Senator John Thune spoke about the "GENIUS Act" currently under review in the Senate: "It is clear that Crypto Assets will continue to exist, and now is the time to make it mainstream."

[Chain News] On June 11, U.S. Senate Majority Leader John Thune stated today that the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) aims to bring Crypto Assets into the mainstream.

[Golden Finance] On June 9-10 local time, the Chinese lead in Sino-U.S. economic and trade talks, Vice Premier He Lifeng, met with the U.S. lead, Treasury Secretary Janet Yellen, and Secretary of Commerce Gina Raimondo, as well as U.S. Trade Representative Katherine Tai, in London, United Kingdom, for the first meeting of the Sino-U.S. economic and trade consultation mechanism. The two sides engaged in candid and in-depth dialogue, exchanged views on economic and trade issues of mutual concern, reached a principled consensus on the framework for implementing the important Consensus from the phone call between the two countries’ leaders on June 5, and on measures to solidify the outcomes of the Geneva economic and trade talks, making new progress in addressing each other's economic and trade concerns.
He Lifeng stated that this meeting is an important consultation conducted under the guidance of the strategic consensus reached by the two heads of state on June 5 this year. China's attitude and position on Sino-U.S. economic and trade issues are clear and consistent. The essence of Sino-U.S. economic and trade relations is mutual benefit and win-win; in the field of economic and trade, cooperation leads to mutual benefits, while conflict leads to mutual harm.
There are no winners in a trade war. China is unwilling to fight, but also not afraid to fight.

Ukrainian parliamentarians have registered a draft bill on cryptocurrency reserves in parliament, officially allowing the National Bank to include cryptocurrencies in the country's national reserves. Bill No. 13356, submitted to the Verkhovna Rada of Ukraine on June 10, is a series of amendments to the Law on the National Bank of Ukraine regarding the inclusion of crypto assets in gold and foreign exchange reserves. Ukrainian parliamentarian Yaroslav confirmed the introduction of the bill on his social media, saying that while the bill authorizes the Central Bank of Ukraine to distribute cryptocurrencies such as Bitcoin as part of the country's reserves, it does not force the institution to do so. The bill also does not limit the amount of cryptoassets allocated by the National Bank of Ukraine: "how, when and how much should be allocated should be decided by the regulator itself".

On June 11, U.S. Senator John Thune spoke about the "GENIUS Act" currently under review in the Senate: "Clearly, Crypto Assets are going to continue to exist, and now is the time to make it mainstream."

The Trump administration reduced the functions of the Consumer Financial Protection Bureau through efficiency measures, raising concerns about consumer protection. Although the Crypto Assets industry supports the reforms, users facing account issues have nowhere to appeal. Several organizations have filed lawsuits questioning the legality of the reforms.

[Chain News] U.S. Senate Majority Leader John Thune stated today that the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) aims to bring Crypto Assets into the mainstream.

[Golden Finance] According to reports, the Rhode Island State Senate in the United States has passed Resolution S0373, officially establishing a special legislative committee on Blockchain and Crypto Assets. The committee consists of 5 members and is primarily responsible for researching the Blockchain and Crypto Assets field and making recommendations for related legislation.

The "CLARITY Act" was passed in the Financial Services Committee meeting with 32 votes in favor and 19 against. Now, the bill will be submitted to the House for a full vote.

India's Central Bureau of Investigation arrested Rahul Arora and seized $327,000 worth of cryptocurrency and cash, revealing that his gang used social work skills to defraud victims in the United States and Canada. The operation is part of the "Chakra-V" anti-cybercrime project, which involves international cooperation. The analysis believes that the case should not be misconstrued as a "cryptocurrency fraud".

According to reports, the Rhode Island State Senate in the United States has passed resolution S0373, officially establishing a special legislative committee for Blockchain and Crypto Assets. The committee consists of 5 members and is mainly responsible for researching the fields of Blockchain and Crypto Assets, and making recommendations for related legislation.