The workshop on stablecoins and industrial digital assets was organized by the China Industrial Internet Research Institute to discuss policies and applications.
The meeting gathered financial experts and representatives from the Ministry of Industry and Information Technology to discuss the digital asset transition, the integrated development of RWA with the industrial internet, and the oversight of related policies.
MAIN CONTENT
The SEC is considering regulatory exemptions to promote asset tokenization innovation.
Public companies and major electronic institutions are continuously expanding their strategic cryptocurrency reserves.
Several important cryptocurrency laws are being passed by the U.S. Congress, affirming the global crypto center position.
What is the China Industrial Internet Research Institute's workshop on stablecoins and industrial digital assets?
The China Industrial Internet Research Institute held a workshop to address key issues in developing stablecoins and digital assets applicable to industry, with participation from leading financial experts and representatives from the Ministry of Industry and Information Technology.
The workshop focused on stablecoin oversight policies, the transition of industrial digital assets, and the integrated development between real-world assets (RWA) and the industrial internet.
What plans does the U.S. Securities and Exchange Commission (SEC) have to promote innovation in cryptocurrency?
SEC Chairman Paul Atkins stated that the agency is considering special regulatory exemptions for innovative projects to encourage asset tokenization, aiming to create a sustainable tokenized securities ecosystem.
Establishing laws on stablecoins and easing regulations may help the United States become the global cryptocurrency center.
Paul Atkins, SEC Chairman, 2024 (Bloomberg)
This move comes after the U.S. House of Representatives passed a stablecoin bill, helping to promote the development of new trading forms and support transparency in the cryptocurrency market.
What changes has the U.S. made in tax policy regarding small cryptocurrency transactions?
The White House confirms that President Trump supports tax exemptions for Bitcoin transactions under $600 to encourage the use of Bitcoin and other cryptocurrencies in everyday payments.
The government is committed to continuing to study legal solutions to make cryptocurrency payments more convenient, emphasizing the commitment to building the United States as the 'capital of cryptocurrency.'
How are public companies and major investment institutions expanding their cryptocurrency reserves?
Many companies like SharpLink Gaming, Bit Origin, GameSquare Holdings are continuously increasing their purchases of Ethereum or Bitcoin with values reaching hundreds of millions of USD, viewing cryptocurrency assets as strategic reserves aimed at increasing long-term asset value.
Company Assets Purchased Investment Value (USD) Purpose SharpLink Gaming Ethereum (ETH) 18,712 65.45 million Strategic reserves, operations, and marketing Bit Origin DOGE 500 million Treasury reserves and ecosystem development GameSquare Holdings Ethereum 70 million Increase ETH reserves
What outstanding achievements have XRP and other cryptocurrencies recently accomplished?
XRP price exceeded $3.59, setting a new record with a market capitalization surpassing $210 billion, ranking third after Bitcoin and Ethereum.
At the same time, major transactions by Ripple founder Chris Larsen continue to operate with a value of $26 million transferred to Coinbase, indicating confidence and good liquidity at major exchanges.
What important cryptocurrency laws have been passed by Congress in the United States?
The U.S. House of Representatives has just passed three major bills, including the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act, which are crucial for establishing a legal framework to regulate and promote sustainable cryptocurrency market development.
The signing of the GENIUS Act marks a significant step forward in making the United States a global cryptocurrency power center.
Eleanor Terrett, cryptocurrency journalist, 2024
The GENIUS Act is expected to be officially signed by President Trump, while two other bills are awaiting Senate review.
What is the impact of funding and financial data on cryptocurrency and AI startups?
AI startup Perplexity has a valuation of up to $18 billion after a recent funding round. At the same time, blockchain companies such as Spiko and XMTP have raised tens of millions of USD to expand DeFi services and secure communication based on blockchain.
Company Round Value (USD) Target Perplexity AI New funding 18 billion AI search technology Spiko Series A 22 million Digital money market fund services XMTP Series B 20 million Decentralized communication network
What new moves are banks and regulators in various countries taking regarding cryptocurrency?
Sberbank – the largest bank in Russia – plans to provide cryptocurrency asset custody services to ensure asset safety and support legal regulations. Australia also identifies cryptocurrency as a priority in the fight against financial crime, expanding surveillance across various economic sectors.
How are the current stock markets and cryptocurrency investments performing?
The S&P 500, Nasdaq, and Dow Jones continuously set new highs, with Nvidia achieving a market capitalization of over $4.2 trillion. Coinbase also saw an increase in share price, benefiting from the investment trend in cryptocurrency and blockchain technology.
How are companies planning to issue new stocks or tokens to develop cryptocurrency?
Many listed companies such as SharpLink Gaming, Yala, Plasma, and BSTR Holdings are planning or have implemented additional stock/token issuances to raise capital for reserves, develop ecosystems, and expand cryptocurrency projects.
What are the frequently asked questions about cryptocurrency and blockchain today?
How will the SEC affect the cryptocurrency industry?
The SEC is considering regulatory exemptions for innovative projects, helping the tokenization market develop more safely and enhance transparency.
What does the GENIUS Act mean for cryptocurrency in the United States?
This act promotes a clear legal framework and facilitates the development of cryptocurrency businesses in the United States.
What benefits do public companies gain from purchasing Ethereum and Bitcoin?
Creating strategic asset reserves helps protect value and increase long-term profit potential.
What prominent financial trends are currently present in the cryptocurrency market?
Strong growth of AI startups and tokenization of market funds; large companies are expanding strategic cryptocurrency investments.
What is Russia's Sberbank doing with cryptocurrency?
Developing digital asset custody services, combined with state regulations to protect users and assets.
Source: https://tintucbitcoin.com/tin-tuc-tien-dien-tu-17-18-7/
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