According to Wu Shuo, the Japanese Financial Services Agency issued a document on June 24, planning to bring crypto assets under the regulatory framework of the Financial Instruments and Exchange Act. Related topics will be submitted to the Financial Review Council for review on the 25th.
If the reforms proceed, the Bitcoin ETF will be established in Japan and will be subject to a tax separation system of about 20%, replacing the current maximum comprehensive tax of up to 55%.
● U.S. Senators release principles for crypto market structure, emphasizing six key directions
According to Deep Tide TechFlow, on June 24, U.S. Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott, along with Senators Cynthia Lummis, Thom Tillis, and Bill Hagerty, jointly released principles for crypto market structure, aimed at guiding future cryptocurrency legislation.
The principles emphasize six key directions, including clarifying the legal status of digital assets; responsibilities of regulatory agencies, avoiding a single all-powerful regulator; modernizing regulation to promote innovation, including new exemptions for digital asset financing provided by the SEC; protecting traders' rights; formulating anti-money laundering measures that promote innovation; and federal financial regulatory agencies should welcome responsible innovation.
The principles particularly emphasize protecting self-custody rights, distinguishing the differences between centralized and decentralized platforms, and recognizing that tokenization is an evolution of financial infrastructure rather than a fundamental change.
● Federal Reserve Chairman Powell: Banks can provide services to the crypto industry
According to BlockBeats, on June 24, Federal Reserve Chairman Powell stated that banks can provide banking services and conduct related business for the cryptocurrency industry, provided that the safety and soundness of the financial system are ensured.
According to Jin10 Data, during his testimony before Congress, Federal Reserve Chairman Powell was asked whether he was prepared to cut rates at the July meeting, and he declined to provide a clear answer. Powell stated, "I do not want to point to any particular meeting. I do not think we need to rush it."
Republican Congressman Mike Lawler questioned why the Federal Reserve did not lower rates in the context of cooling inflation, echoing President Trump's criticism of the Federal Reserve Chairman.
● Richard Teng: Binance is working to bridge CeFi and DeFi
In the 'CEO Connect: June Edition' AMA, when asked about the role of DeFi and centralized exchanges in an increasingly DeFi-oriented environment, Binance CEO Richard Teng stated that the rapid development of DeFi brings positive signals to the entire crypto ecosystem, but centralized exchanges will still play an important role, especially since current DeFi has not yet reached all users. Although crypto-native and veteran users can easily use DeFi, some users still prefer the convenience, security, and user-friendly experience offered by centralized platforms.
Richard Teng also stated that Binance is actively adapting to this evolving landscape and is committed to building a bridge between CeFi and DeFi. For example, the launch of the Binance wallet and Binance Alpha provides users with a seamless entry into Web3 and DeFi.
● Strategy holds Bitcoin gains of 85,871, valued at approximately $9 billion
According to PANews, Michael Saylor tweeted that Strategy ($MSTR) has gained 85,871 Bitcoins this year, valued at approximately $9 billion based on current prices.
● Several crypto entrepreneurs plan to issue $125 million in bonds to purchase SUI tokens
According to Deep Tide TechFlow, on June 24, several well-known crypto entrepreneurs plan to raise $125 million through a bond issuance to purchase SUI token reserves and establish SuiStrategy Company.
The company will operate around SUI tokens, including holding tokens, obtaining staking rewards, participating in the construction of RWA and derivatives, and achieving exits through listings, equity, or mergers and acquisitions. Project promoters include WLF crypto advisor Matthew Morgan, Delano Capital managing partner Julian Bharti, Web3 Antivirus founder Alex Dulub, and lawyer Eric Galen. The plan aims to gain support from the SUI community, with the goal of creating a complete financial strategy system for SUI.
