Top headlines: 🇰🇷 South Korea's authorities instructed local institutions to refrain from increasing their stakes in crypto-related firms 🛑 SEC puts brakes on Bitwise Crypto ETF approval 🪙 Goldman Sachs and BNY Mellon launch tokenized money market funds for institutions
Tether announced that it assisted the US authorities in freezing and reissuing about $1.6 million in USDT. These funds were related to the Gaza BuyCash company and were accused of terrorist financing. Tether said it had frozen more than $2.9 billion in USDT.
Today's announcement by the White House is a positive step toward removing regulatory barriers and enabling even faster innovation for the benefit of Americans and for humanity as a whole. We are pleased to see the White House prioritize AI innovation.
JUST IN: President Trump has signed three executive orders on AI to accelerate data center infrastructure development, promote American AI model exports globally, and protect citizens from biased AI systems influenced by radical ideologies.
"My Administration will use every tool at our disposal to ensure that the United States can build and maintain the largest, most powerful, and most advanced A.I. infrastructure anywhere on the planet... It's time to reclaim our heritage as a nation of builders."
Bo Hines, Executive Director of the President's Digital Asset Advisory Council, stated that the White House's first policy report on digital assets will be released to the public on July 30.
Answers to the DM questions: Tether is not regulated under the Genius Act because it is based outside the US in El Salvador. The Genius Act says only US based Stable Coin issuers are licensable. Tether will create a US based entity. Its just a matter of time. Nothingburger.
"We've always known legislation was the long-term solution to unlock the next phase of Bitcoin and crypto growth." Last week marked a historic shift in digital asset policy with the passage of the GENIUS Act and progress on the CLARITY Act.
🚨BREAKING: Sen. Josh Hawley announces he is forcing a stock trade ban for Members of Congress THIS WEEK: "Force a vote. Look at a camera and explain why you think you should profit off information the public doesn't have. Impossible to defend it. Forcing a vote this week."
The US Government has also seized and since sold: Jun 2014: 29,657 BTC for $18,740,000 (avg price: $632) - seized from a darknet marketplace Dec 2014: 50,000 BTC for $19,000,000 (avg price: $380) - seized from a darknet marketplace Mar 2015: 50,000 BTC for $13,500,000 (avg price: $270) - seized from