[Weekly News] The 2nd week of July
Hello! This is Reaphain.
Let's learn about the hottest Bitcoin and cryptocurrency news for the second week of July!
U.S. Senator Renews Comprehensive Cryptocurrency Regulation Legislation
Fortune reported that U.S. Senators Cynthia Lummis and Kirsten Gillibrand are re-initiating a comprehensive cryptocurrency regulation bill. According to reports, they first proposed a related bill in June of last year. Fortune said, "Last year, efforts were made to pass cryptocurrency regulatory laws in the U.S. House and Senate, but due to the collapse of FTX, it has not been able to speed up. The bill proposed by Senators Loomis and Gillibrand covers major legal issues related to cryptocurrencies, such as market structure, stablecoins, and taxation. It will be the most comprehensive cryptocurrency regulatory bill ever debated in Congress." In this regard, Congressman Loomis explained, "The bill is a comprehensive bill that provides strong consumer protection and properly regulates the environment surrounding cryptocurrency assets."
Grayscale Adds LDOs to Its Portfolio of DeFi Funds
Grayscale recently released quarterly updates on its funds' portfolio weightings and weights. According to the announcement, LDO is a new addition to the CoinDesk DeFi Select Index Fund portfolio. The index fund's other assets include UNI, AAVE, MKR, CRV, and SNX. No new tokens have been added or excluded from the CoinDesk Large Cap Select Index and the Grayscale Large Cap Fund (GDLC). The large-cap fund invests in BTC, ETH, ADA, SOL, and MATIC. Neither the CoinDesk smart contract platform Select Ex ETH index nor the Grayscale smart contract platform Ex ETH fund (GSCPxE) added or excluded any new tokens. The assets held by the fund are ADA, SOL, MATIC, AVAX, and ATOM.
Hong Kong Finance Minister "Cryptocurrency sector needs clear regulation and operating rules"
In a speech at an official event in Shanghai, Hong Kong Finance Minister Paul Chan stressed the need for precise regulation and operational rules in the virtual asset sector. He said, "In the past, various problems occurred in virtual assets and Web3. This is due to the sector's lack of clear regulations and operating rules. For example, it is a case where there is a lack of organization in the company's operation, such as mixing company funds and customer funds. Accordingly, Hong Kong introduced new regulations on cryptocurrency trading platforms in June, and many domestic and foreign companies are now showing interest in Hong Kong."
Tether Freezes 2 Addresses Related to Multichain
According to WhaleAlert, Tether has frozen two USDT addresses related to Multichain (MULT). About 2.53 million USDT is deposited at the address. Previously, there was an abnormal withdrawal of $130 million worth of cryptocurrency from Multichain's Phantom Bridge.
Ripple CBDC Advisor "Focused Research on Real Estate Tokenization"
According to Cointelegraph, Ripple (XRP) CBDC advisor Anthony Welfair said in a recent tweet, "Global interest in CBDC and stablecoins has increased." "We are actively exploring applications with a particular focus on real estate tokenization," he said.
★ ReapChain Official Community
Follow the ReapChain official community and have more news!
Homepage: https://reapchain.com/
Telegram (ENG): https://t.me/ReapchainOfficialEnglish
Telegram (KR): https://t.me/joinchat/MbaQ7RaZchMzjAam9yMS0Q
Blog: https://blog.naver.com/reapchain
Facebook: https://www.facebook.com/ReapChain/
Twitter: https://twitter.com/ReapChain
Instagram: https://www.instagram.com/reapchain_reap_doonge/
Bitcointalk: https://bitcointalk.org/index.php?topic=5260297.0
Partnership and Affiliation Inquiries: reapchain@reapchain.com
Investment and Sale Inquiries: sale@reapchain.com
Project Inquiries: reapchain.official@reapchain.com
