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According to Foresight News, the U.S. Senate Banking Committee has announced a set of principles for developing market structure legislation. These principles were released by Senate Banking Committee Chairman Tim Scott, Digital Assets Subcommittee Chair Cynthia Lummis, Senator Bill Hagerty, and Senator Thom Tillis. The guidelines aim to direct discussions and negotiations with industry participants, legal and academic experts, and government stakeholders regarding the legislative text. The market structure principles emphasize the need for legislation to clearly define the legal status of digital assets. They advocate for a clear distinction between digital asset securities and digital asset commodities within regulations. The principles also suggest considering existing laws to provide predictability, enhanced legal precision, and much-needed regulatory certainty. Furthermore, the principles call for a clear delineation of jurisdiction among regulatory agencies. They also recognize that not all distributed ledger technologies should fall under the regulation of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

According to Foresight News, Cointelegraph reports that Turkey's Ministry of Finance is planning to enforce stricter cryptocurrency regulations to combat money laundering and financial crimes. The new rules will require crypto platforms to collect information on the source and purpose of each transaction, with users needing to provide a transaction description of at least 20 characters. Additionally, most withdrawals will face a 48-hour delay, while first-time withdrawals will require a 72-hour waiting period. The regulations will also impose limits on stablecoin transfers, with ordinary users having a daily limit of $3,000 and a monthly limit of $50,000. Platforms that fully comply with the "travel rule" can benefit from double these limits. Transfers related to liquidity provision, market-making, and arbitrage will be exempt from these restrictions under platform monitoring.

According to PANews, Japan's Financial Services Agency announced plans to potentially shift the regulation of crypto assets from the Payment Services Act to the Financial Instruments and Exchange Act framework. If implemented, this change would classify crypto assets as financial products. Consequently, the tax system could transition from a maximum comprehensive tax rate of 55% to a separate tax rate of approximately 20%. Additionally, the move might lift the ban on Bitcoin ETFs, thereby improving the investment environment for investors.

According to BlockBeats, U.S. President Donald Trump is prepared to sign the GENIUS Act, as stated by U.S. Senator Hagerty during an interview. The legislation is anticipated to reach the President's desk soon. The GENIUS Act is considered a significant milestone in stablecoin regulation and is expected to have a profound impact on the industry.

According to BlockBeats, Texas has officially enacted SB1498, a law permitting the state to seize Bitcoin and other digital assets associated with specific crimes. The confiscated assets will be deposited into a forfeiture fund.

According to PANews, U.S. Senator Adam Schiff, along with nine Democratic colleagues, has introduced the "Curtailing Officials' Income and Non-disclosure Act" (COIN Act). This legislation aims to prohibit U.S. President Donald Trump and other public officials from issuing, promoting, or endorsing cryptocurrencies during their tenure and for a period of 180 days to two years thereafter. The proposal is a direct response to the disclosure of $57.4 million in income from World Liberty Financial (WLF), a cryptocurrency platform linked to President Trump's family, and the launch of the USD1 stablecoin by WLF in March. The bill specifically targets payment-type stablecoins and seeks to expand the reporting requirements of the existing STOCK Act to include digital assets. Previously, Representative Maxine Waters had introduced a similar "Preventing Trump Crypto Corruption Act," but the prospects for passing such legislation remain uncertain as Democrats hold a minority position in both chambers of Congress.

According to BlockBeats, U.S. President Donald Trump has called on the House of Representatives to quickly pass the stablecoin regulation bill recently approved by the Senate. However, a key lawmaker involved in advancing the bill stated on Monday that there are still details that need to be coordinated. French Hill, Chairman of the House Financial Services Committee and a long-time advocate for stablecoin discussions, expressed reluctance to commit House members to forgo amendments to the Senate's version of the bill. He mentioned ongoing consultations with leadership, highlighting that there are numerous issues to resolve between the Senate-approved version and the one still being developed by the House.

According to BlockBeats, Federal Reserve Governor Bowman has stated that it is time to consider adjusting policy rates. This announcement comes amid ongoing discussions about the economic outlook and monetary policy strategies.

According to Foresight News, the Norwegian Labor Party government has announced plans to impose a temporary ban on new cryptocurrency mining data centers that utilize high-energy proof-of-work (PoW) systems. This measure is expected to take effect in the fall of 2025. Norway's Minister of Digitalization, Karianne Tung, stated that cryptocurrency mining consumes significant amounts of electricity while providing minimal employment and income benefits to local communities. Tung emphasized that the government's decision reflects a clear intention to limit cryptocurrency mining within Norway as much as possible. Despite Norway's abundant renewable hydropower resources, which have long attracted Bitcoin miners seeking low-cost clean energy, regulators believe that these high-capacity electricity resources should be better allocated to sectors such as manufacturing, heating, or AI data processing.

According to BlockBeats, Hong Kong Monetary Authority (HKMA) Chief Executive Eddie Yue announced that Hong Kong has established stringent standards for stablecoin issuers. The entry requirements are high, aligning closely with the regulations for electronic wallets and banks. It is anticipated that only a few licenses will be issued in the initial phase, with licensed stablecoins serving specific purposes such as cross-border trade.Eddie Yue emphasized that the HKMA imposes rigorous risk management requirements, covering asset reserve management, stabilization mechanisms, redemption policies, and anti-money laundering regulations, which are nearly identical to those for electronic wallets and banks. The Stablecoin Ordinance provides a comprehensive regulatory framework for issuers, ensuring that similar risks are subject to similar regulatory rules, promoting the healthy and sustainable development of the industry.

According to PANews, the Solana Foundation has signed a memorandum of understanding with the government of Kazakhstan to establish a Solana economic zone in the country, aiming to advance Web3 technology. The collaboration focuses on developing tokenized capital markets, nurturing Web3 developers, and providing infrastructure and policy support for blockchain enterprises.The Solana Foundation will partner with AIX, Jupiter, and Intebix to develop pilot projects that integrate tokenized tools into traditional markets. Additionally, the foundation plans to collaborate with local universities to launch educational programs, including Rust courses, to cultivate Web3 talent. The initiative also aims to offer infrastructure, regulatory support, and business incentives for blockchain companies.

According to Foresight News, Iran's Supreme Leader Ayatollah Ali Khamenei has issued a statement following an attack on Iran's nuclear facilities by the United States. He tweeted that the "Zionist enemy (Israel) has made a grave mistake and committed a major crime, which must be punished."

According to PANews, U.S. Securities and Exchange Commission (SEC) Chair Atkins stated on Monday that the current framework allowing brokers to act as custodians for digital assets might need to be abolished and replaced. He revealed that the SEC is considering granting hedge funds the authority to self-custody crypto assets. Currently, only two institutions nationwide have been granted 'special purpose broker-dealer' licenses. Atkins highlighted during a digital asset roundtable that the low response rate is due to 'significant restrictions' set by the previous administration. He emphasized that broker-dealers have never been prohibited from custodying non-securities crypto assets or crypto securities. However, he noted that the SEC might need to clarify how customer protection and capital requirements apply to such institutions. Atkins has requested SEC staff to explore new regulatory paths for cryptocurrencies, including examining whether custody rules should be revised to allow hedge funds, trading companies, and investment advisors to self-custody digital assets.

According to Cointelegraph, the United Kingdom's ambiguous regulatory approach to digital assets is facing sharp criticism from industry participants. Many attribute the country's lag in defining digital finance to "policy procrastination," which has resulted in the UK falling behind both the European Union and the United States. In a blog post dated June 20, John Orchard, chairman, and Lewis McLellan, editor of the Digital Monetary Institute at the Official Monetary and Financial Institutions Forum (OMFIF), highlighted that the UK has squandered its early advantage in distributed ledger finance. The post, titled "The UK keeps missing the boat on DLT finance," pointed out that the UK was once anticipated to establish a post-Brexit gold standard for crypto regulation but continues to discuss regulation in vague terms for the future. The European Union has already implemented its Markets in Crypto-Assets (MiCA) framework, while the US Senate recently passed the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, which sets federal guidelines for stablecoins. Despite these advancements, the UK's Financial Conduct Authority has yet to confirm a go-live date for its crypto regime. Orchard and McLellan noted that this lack of a workable framework hinders the UK's ability to adapt to the potential shift of finance moving on-chain. The criticism extends to the UK's handling of stablecoins, which are treated as investment assets rather than distinct payment tools, unlike the US approach under the Genius Act. This decision has puzzled market participants. The Bank of England's initial stance further exacerbated concerns, as its draft framework required systemic stablecoins to be fully backed by central bank money—a condition deemed commercially unviable by industry players. Although the Bank has started to relax this position, it has yet to present a feasible model. Meanwhile, other jurisdictions are progressing with their crypto regulations. In May, Hong Kong passed a stablecoin bill and is swiftly developing a tokenization ecosystem through its Project Ensemble initiative. The authors also commended the United Arab Emirates' Virtual Assets Regulatory Authority (VARA) for being a dedicated digital asset regulator, contrasting it with the UK's attempt to adapt legacy institutions to new financial models. The blog concluded by noting that while the UK led fintech innovation in the 2010s and still enjoys advantages such as its time zone, language, and legal system, its position is not secure. "Financial centers come and go," the authors cautioned, urging regulators to take swift action to maintain the UK's standing in the global financial landscape.

According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has held discussions with representatives from blockchain financial company Dinari and the law firm Wilmer Cutler Pickering Hale and Dorr. The meeting focused on addressing regulatory issues related to crypto assets. Key topics included exploring methods to regulate a proposed system for trading tokenized securities across multiple blockchains and understanding the legal framework governing its operation.

According to Foresight News, TikTok's official policy account on X has refuted claims regarding its ownership acquiring TRUMP coin. The denial comes in response to accusations made by California Democratic Representative Brad Sherman. Sherman had previously alleged that TikTok's Chinese owner announced a $300 million purchase of TRUMP coin.

According to PANews, Bank of England Governor Andrew Bailey recently expressed skepticism about the necessity of a consumer-facing digital pound during a conference in Kyiv, Ukraine. Bailey stated that he remains unconvinced of the need to create a new form of currency, marking the clearest official reservation regarding the "Britcoin" initiative. The project is currently in the design phase but faces public concerns over privacy and security, banking industry worries about deposit outflows, and warnings from the House of Lords Economic Affairs Committee that the risks may outweigh the benefits. Bailey noted that while progress is being made on wholesale central bank digital currencies for interbank settlements, the retail version still requires justification of its practical benefits.

According to Odaily, QCP Capital's market commentary on June 20 highlights that despite the potential for escalating tensions in the Middle East, Bitcoin's price remains stable, with investors adopting a wait-and-see approach as they anticipate a clear catalyst. The derivatives market reflects a cautious tone, with the risk reversal structure for Bitcoin and Ethereum indicating a preference for downside protection, suggesting that bulls are hedging their spot positions. Additionally, Ethereum's implied volatility for June is lower than that of September contracts, possibly indicating a decline in short-term event-driven volatility or profit-taking by some investors. QCP Capital believes that although volatility is currently low, the market is in a 'ready-to-explode' state, where any macroeconomic event, policy change, or unexpected news could trigger significant fluctuations.

According to PANews, Anatoly Aksakov, Chairman of the Financial Markets Committee of the Russian State Duma, announced on June 18 that the widespread implementation of the digital ruble is now scheduled for 2026. The initial plan was to launch after July 1, 2025, but it has been postponed to allow financial institutions more time to enhance their infrastructure.Since its pilot phase began in August 2023, the digital ruble initiative has expanded to include 15 banks, approximately 2,000 individuals, and 50 businesses. To date, the system has processed over 55,000 personal transfers and 15,000 payments for goods.The Central Bank of Russia has emphasized that the adoption of the digital ruble will be entirely voluntary, and there are no plans to eliminate cash or non-cash payment methods.

According to PANews, the Brazilian Ministry of Justice and Public Security announced a contract bidding on June 20, 2025, for the procurement of a cryptocurrency tracking software system. The software is required to support transaction monitoring for at least 12 major blockchains, including Bitcoin and Ethereum, with the capability to expand to more blockchains in the future. It must also be able to obtain critical data such as IP addresses, geographical locations, and wallet addresses. The system will initially be deployed in the capitals of 15 states, with a contract duration of 36 months.The Brazilian government has intensified efforts to combat cryptocurrency-related crimes, launching four major operations over the past year targeting money laundering and illegal crypto activities. This initiative reflects Brazil's commitment to enhancing its ability to track and address illicit activities within the cryptocurrency sector.