Search results for "BILL"
21:44

US Senate Advances Crypto Bill While El Salvador Expands Bitcoin Holdings

Gate News bot message, The US Senate has introduced a new cryptocurrency bill that provides exemptions for staking, airdrops, and DePIN from securities regulations. In other developments, El Salvador has expanded its Bitcoin portfolio by acquiring an additional 8 BTC in a recent purchase. Mean
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BTC-1.59%
00:20

The stock trading ban has gained support from U.S. lawmakers.

U.S. House Speaker Pelosi stated that the Democrats expect to reach a consensus to limit stock trading by congressional members. A bipartisan bill will be announced next week, requiring lawmakers and their families to sell personal stocks within 180 days. New lawmakers will have to sell their stocks within 90 days.
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18:45

Texas Governor signs law to determine the state's congressional district map.

Jin10 reported on August 30, that on August 29 local time, Texas Governor Greg Abbott signed a Republican-friendly redistricting bill approved by the state legislature, finalizing the new congressional district map for the state. Abbott stated that the Republican Party hopes the signing of the bill will help them gain five additional seats in the U.S. House of Representatives. On August 20, the Texas House of Representatives passed a bill regarding the redistricting of congressional districts; on the 23rd, the Texas Senate passed the bill to redraw the state's congressional districts with a vote of 18 to 11, and the bill was subsequently submitted to the Republican Governor Abbott.
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03:16

The South Korean opposition party is promoting a legal framework for the Korean won stablecoin.

Golden Finance reports that South Korea's opposition party, the People Power Party (PPP), has listed a bill to establish a legal framework for the issuance of a stablecoin pegged to the Korean won as a top legislative agenda for the September National Assembly meeting. The legislation aims to establish legal guidelines for the issuance and circulation of stablecoins linked to the Korean won, which may promote the development of the South Korean crypto market in a more regulated environment.
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14:11

Poland warns that funding for Starlink in Ukraine may be interrupted due to presidential veto.

Jin10 data reported on August 25 that the Polish government warned on Monday that the country would be unable to continue paying for Ukraine's Starlink satellite internet system due to the new president's unexpected veto of a bill to extend aid to Ukrainian residents in the country. The bill was originally intended to extend the aid program set to expire on September 30, which includes approximately 25,000 Starlink terminal devices funded by Poland since the outbreak of the Russia-Ukraine conflict in 2022. Polish President Duda stated that a new bill would be proposed, which would include stricter standards for aid to Ukrainian immigrants.
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12:20

The European Central Bank responds to the operation of the digital euro on public chains like Ethereum: No final decision has been made yet.

Odaily News In response to previous reports that European officials are now considering running the digital euro on public blockchains such as Ethereum or Solana, rather than the private blockchain that was previously expected due to privacy concerns, the European Central Bank stated that since the passage of the stablecoin bill in the United States, EU officials have been rethinking the digital euro plan, considering different technologies when developing the digital euro—including centralized and decentralized options, as well as Distributed Ledger technology. No final decision has been made on this matter. (Cailian Press)
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22:26

Pennsylvania lawmaker proposes banning public officials from trading Crypto Assets.

According to a report by Jinse Finance, Pennsylvania Democratic Representative Ben Waxman has introduced a bill (HB1812) that aims to prohibit public officials and their immediate family members from profiting from Crypto Assets during their terms, including the issuance, promotion, or trading of digital assets in which they have a financial interest. The bill stipulates that relevant individuals may not conduct more than $1,000 in Crypto Assets transactions during their term and for one year after leaving office, and they must close all positions within 90 days of the bill taking effect. Violations can result in up to 5 years in prison or a fine of up to $50,000. Waxman introduced this bill in response to the controversy surrounding Trump and his family allegedly profiting from public office.
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03:33

South Korean media: Lee Jae-myung meets Bill Gates

Jin10 Data, August 21 - According to Yonhap News Agency, South Korean President Lee Jae-myung met with Bill Gates, the founder of Microsoft, at the Blue House on the 21st. The report states that this is Bill Gates' first visit to South Korea in three years since 2022. On that day, Lee Jae-myung expressed deep respect for the philanthropic work that Bill Gates has done for the Earth and humanity, and the South Korean government will also make every effort to find ways to participate together. Bill Gates stated that the foundation will allocate approximately $200 billion over the next 20 years, focusing on global health, "South Korea can play a central role in this." Yonhap News Agency mentioned that Bill Gates will also participate in the recording of a popular variety show in South Korea during this visit.
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00:53

Gate Daily (August 21): China considers allowing the first RMB stablecoin; US crypto market structural bill timeline released.

Bitcoin (BTC) price has slightly rebounded, currently reported around $114,260 on August 21. British media exclusively disclosed that China is considering allowing the use of a stablecoin backed by the renminbi for the first time, marking a significant shift in China's stance on digital assets. Wyoming Senator Cynthia Lummis stated that the long-awaited U.S. market structure bill could be "on President Trump’s desk by the end of this year." The Federal Reserve (FED) warned that if banks ignore the adoption of blockchain now, they may become irrelevant.
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BTC-1.59%
22:58

"Runaway" lawmakers return as Texas passes a bill on redistricting congressional districts.

On August 21, Jin10 reported that on August 20 local time, the Texas House of Representatives passed a bill regarding the redistricting of congressional districts. The district map was drawn at the request of President Trump and aims to add five seats for the Republican Party in next year's midterm elections. On the 18th, dozens of Democratic lawmakers from the state ended their "walkout" and returned to Texas. The leader of the Texas House Democrats stated that their return was due to the achievement of the two previously mentioned goals: the current special legislative session of the state was ended early on the 15th due to the resistance of the Democrats; and California and other Democrat-led states are considering redrawing their congressional districts to compensate for the seats that Democrats might lose in Texas.
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17:08

U.S. lawmakers propose to authorize the president to combat overseas Crypto Assets theft.

PANews August 20 news, according to Bitcoin Laws, U.S. Arkansas Congressman David Schweikert has proposed a new bill that suggests allowing the president to issue "privateering licenses" to authorize individuals and companies to arrest Crypto Assets fraudsters outside the United States. The proposal aims to strengthen the crackdown on Crypto Assets theft and protect the interests of the industry.
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BTC-1.59%
08:19

South Korea's financial regulators plan to advance stablecoin legislation in October.

Gate News bot message, according to a report by The Block, the South Korean Financial Services Commission plans to submit a stablecoin regulation bill to the legislative body in October this year. The bill will be part of the second phase of the digital asset legal framework, involving requirements for stablecoin issuance, collateral management, and risk control. At the same time, the four major banks in South Korea are expected to meet with Heath Tarbert, the president of USDC issuer Circle, next week to discuss stablecoin cooperation. Notably, Japan is also expected to approve the issuance of its first yen stablecoin this fall.
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BOT-5.52%
USDC0.01%
12:14
According to a report by Golden Finance, @BTCArchive stated that Satoshi Nakamoto currently has a net worth of over $133 billion, making him richer than Bill Gates.
18:28

Wisconsin has proposed a new bill that requires Bitcoin ATMs to fully implement KYC.

Golden Finance reported that the Wisconsin State Senate in the United States has proposed a new bill SB386, which intends to require all Bitcoin ATMs to fully implement identification verification (KYC), transactions must present identification information, with a single transaction limit set at 1000 dollars, and other personal information must be collected to strengthen regulation.
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17:44

TSL has risen for four consecutive days, delivery times extended, demand increased.

Jin10 data reported on August 12, Tesla (TSLA.O) stock price rose on Monday, marking the fourth consecutive day of increase. The company launched an autonomous taxi service in Austin, Texas in June, and the stock is expected to regain some of the momentum it recently lost. Additionally, the company recently extended the expected delivery date for the Model Y from one to three weeks to four to six weeks. This is a signal of increased orders, and higher demand is good news, but this is also the last quarter for buyers to receive up to $7,500 in federal purchase tax credits, which were eliminated in the tax and spending bill passed by Trump on July 4. Some buyers may be eager to purchase before the subsidy expires, which could drive some demand forward.
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13:24

"Bond King" Gross: GameStop's recent stock price movement is very similar to BTC.

Odaily News "Bond King" Bill Gross made millions in 2021 by shorting GameStop and AMC, stating that GameStop's current performance no longer resembles a "meme stock" and instead is quite similar to BTC. From early January to early April this year, the price of Bitcoin fell, but it has now rebounded to above $110,000. GameStop announced its first purchase of Bitcoin at the end of May and currently holds approximately 4,710 Bitcoins, worth about $537 million. (BusinessInsider)
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01:37

Figment CEO: Changes in US regulation are Favourable Information for Ethereum and the overall encryption industry.

The CEO of staking service provider Figment, Lorien Gabel, believes that changes in the U.S. regulatory environment are a positive signal for Ethereum and the encryption industry, and the passage of the market structure bill helps clarify Ethereum's role. At the same time, he pointed out that the increase in stablecoin volume and the improvement in Ethereum's processing capacity provide support for a bullish price outlook. The staking mechanism is crucial within the network, and encryption technology can offer alternative pathways for the financial system.
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ETH-3.73%
19:22

Costing $200 million, Trump and his donors will foot the bill to renovate the White House.

Jin10 data reported on August 1st, according to Politico, the White House will undertake a $200 million large-scale renovation project of its East Wing, which is the latest construction project by Trump for this executive mansion. White House Press Secretary Levitt announced on Thursday that a White House state dining room, approximately 90,000 square feet and capable of accommodating 650 people, will begin construction in September. According to information on the White House website, Trump and other "patriotic donors" will foot the bill for this $200 million renovation project. Levitt stated that the East Wing will also undergo a "modernization", and during the construction period, all office areas, including the First Lady's office, will be temporarily relocated. This is the most recent and costly among a series of White House renovation projects during Trump's administration. Levitt stated that this project is expected to be completed before the end of Trump's term.
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06:10

The ruling party and the opposition party in South Korea have significant differences over the stablecoin regulation bill.

Odaily News South Korea's ruling party and opposition party submitted stablecoin regulatory bills on Monday, showing significant differences on whether to prohibit interest payments to users. The bill proposed by Democratic Party member Ahn Doo-jae explicitly prohibits interest payments on stablecoins and requires issuers to provide 100% reserve support, with a minimum capital of 5 billion won; ruling party People Power Party member Kim Eun-hye did not restrict interest payments and emphasized promoting innovation and enhancing information disclosure. Both proposals grant the Bank of Korea regulatory authority. (Decrypt)
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12:57

Opinion: The GENIUS Act promotes the shift of stablecoins towards payment applications, which may give rise to a wave of "killer applications."

BlockBeats news, on July 27, Sygnum's Chief Investment Officer Fabian Dori stated that the GENIUS bill will change the stablecoin landscape, shifting issuers from a yield-driven model to payment use cases. The revised bill clearly distinguishes between interest-bearing stablecoins and payment stablecoins, bringing the U.S. framework closer to the EU's MiCA regulations and laying the groundwork for global Consensus. Dori believes that regulatory clarity will stimulate institutions to develop innovative "killer applications," creating new demand for payment services. (Cointelegraph)
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09:45

QCP Asia Analysis: Alts Season Index Breaks 50, ETH Perptual Futures Open Interest Soars to $28 Billion in a Week

Analysis indicates that the altcoin season index has reached a new high, with a significant increase in the open interest of ETH Perptual Futures, showing signs of capital rotation. The GENIUS bill promotes stablecoin regulation, with enterprises focusing on L1 chains, and ETH ETF inflows exceeding BTC. The market is optimistic about ETF approval, ETH market share is rising, and the altcoin season may have already started.
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ETH-3.73%
00:15

Approximately $832 billion The U.S. House of Representatives passed the defense appropriations bill for fiscal year 2026.

On July 19, Jin10 reported that on July 18 local time, the U.S. House of Representatives passed the fiscal year 2026 defense appropriations bill with a result of 221 votes in favor and 209 votes against, totaling approximately $832 billion. It is reported that the bill includes strengthening missile defense, increasing funding for weapon procurement and research, and incorporates funding for the development plan of the "Iron Dome" space-based missile defense system proposed by President Trump.
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21:37

Trump will issue AI-related executive orders.

According to Jinse Finance, the White House is preparing to issue an executive order targeting "Woke AI." Sources say the related order will be part of a package of measures to be announced next week, outlining Trump's AI "action plan." The bill will require AI companies receiving federal contracts to maintain political neutrality, and other directives are expected to promote U.S. tech exports and accelerate the development of data centers.
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05:53

U.S. House Speaker: Ban on Fed issuance of Digital Money is expected to be included in the National Defense Authorization Act later this year.

The conservative factions of the Republican Party have ended their obstruction of the Crypto Assets bill, and the House will vote on the measures supported by Trump. Speaker Mike Johnson confirmed that a clause prohibiting the Fed from issuing Digital Money will be included in the defense authorization bill. Trump expressed satisfaction with this.
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02:17

The GENIUS Act will undergo procedural voting tomorrow, and CLARITY may be voted on next week.

Odaily News According to reporter Eleanor Terrett, the GENIUS bill will undergo a rules vote tomorrow, and the CLARITY bill is expected to be voted on next week. In addition, provisions against Central Bank Digital Currencies (CBDC) will be included in the National Defense Authorization Act (NDAA). The current vote is only a procedural vote and does not represent the final passage of the bill.
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16:32

Trump said he is unsure whether the sanctions bill against Russia is necessary.

Golden Finance reports that, according to CCTV International News, Trump met with visiting NATO Secretary General Jens Stoltenberg at the White House on the morning of July 14 local time. When discussing a new bill being pushed forward by the U.S. Senate to impose severe sanctions on Russia, Trump stated, "I'm not sure we need this." Trump noted that some senior Republicans in the Senate are actively promoting this matter. He does not want them to "waste time." However, he also mentioned, "It could be useful, we'll see."
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13:43

Trump's proposal to lower the Fed's interest rate to 1% has raised questions among economists.

ChainCatcher news, according to Jin10 reports, U.S. President Trump recently suggested that the Fed drop the benchmark interest rate to 1% to reduce government borrowing costs. Economists point out that in the current economic environment, with an unemployment rate of 4.1% and an inflation rate of 2.5%, such a significant rate cut could potentially raise inflation again and harm the independence of Fed policy. Historical data shows that a 1% interest rate typically occurs during economic crises, such as the 2008 financial crisis and the 2020 pandemic. Analysis shows that the large and beautiful bill passed by the Trump administration is expected to expand the budget deficit, and if combined with aggressive rate drops, it may exacerbate market concerns about inflation. Fed officials emphasize that there are risks associated with significant rate drops before the impact of the new tariff policy on inflation becomes clear.
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