According to BlockBeats, U.S. Treasury Secretary Becerra stated that it is 'somewhat confusing' that tariffs did not push the Federal Reserve to cut interest rates. He believes the Federal Reserve may cut rates before autumn, at the latest by September.
● The crypto tax incentive clause proposed by Trump in the (Beautiful Law) was not included
According to BlockBeats, on July 2, the (Beautiful Law) proposed by President Trump barely passed the Senate but failed to include tax amendment clauses benefiting crypto users.
Senators supporting cryptocurrency and industry policy leaders attempted to include the crypto tax incentive clause in the bill at the last moment, benefiting stakeholders such as stakers and miners.
However, due to insufficient time, the amendment was not included for deliberation before the bill passed on Tuesday noon. Crypto policy advocates expressed regret over this outcome, calling it a 'missed opportunity' for the industry.
● The U.S. SEC’s Division of Corporate Finance has released new guidelines for crypto ETP disclosures
According to ChainCatcher, the U.S. Securities and Exchange Commission's Division of Corporate Finance released new guidelines for crypto asset exchange-traded products (ETPs) disclosure requirements on July 1, 2025, aimed at providing legal clarity.
The guidelines require crypto asset ETP issuers to disclose specific content in their offering and registration documents. ETPs are defined as investment products listed on national securities exchanges that typically hold spot crypto assets or derivatives.
According to the guidelines, ETP issuers must register their offerings and securities categories under the (Securities Act of 1933) and (Securities Exchange Act of 1934) and comply with federal securities laws' anti-fraud provisions.
● The U.S. SEC approves Grayscale Digital Large Cap Fund conversion to ETF
According to Odaily Planet Daily, the U.S. SEC has approved the Grayscale Digital Large Cap Fund's conversion to an ETF. The digital assets involved in the fund include BTC, ETH, XRP, SOL, and ADA.
According to BlockBeats, public companies purchased a total of 245,510 bitcoins in the first half of 2025, more than double the amount purchased by ETFs (118,424 BTC) during the same period.
This figure from the beginning of the year represents a 375% increase compared to the 51,653 BTC purchased by companies in the first half of 2024. In contrast, ETF purchases decreased by 56%, with up to 267,878 BTC purchased when ETFs were launched in early 2024.
According to Deep Tide TechFlow, Strategy founder Michael Saylor stated that the company achieved a 7.8% bitcoin yield in the second quarter. The company gained 41,407 bitcoins, valued at approximately $4.4 billion.
● Arizona Governor vetoes the Bitcoin Reserve Bill HB2324
According to ChainCatcher, Arizona Governor Katie Hobbs vetoed the 'Bitcoin Reserve' Bill HB2324. The bill aimed to establish a digital asset reserve for storing digital assets derived from criminal asset forfeitures.
