🕛 This afternoon, several important developments occurred in the fields of cryptocurrency and financial policy, covering Bitcoin policy, stablecoin legislation, and macro perspectives:
1️⃣ According to sources, Bessent is actively persuading Trump not to remove Powell from the position of Federal Reserve Chairman.
2️⃣ The Minister of Finance of El Salvador stated that the government has not increased its holdings of Bitcoin since February.
3️⃣ Venture capital magnate Tim Draper believes that the current macroeconomic situation will weaken the price effects brought by Bitcoin's halving events.
4️⃣ The global policy head of Mastercard stated that the (GENIUS Act) could become a key point for stablecoins to move towards the mainstream.
5️⃣ Shanghai police reported a major case involving the illegal cross-border exchange using stablecoins, with an amount involved as high as 6.5 billion RMB.
6️⃣ The White House voiced support for the GENIUS Act, stating that it helps the U.S. gain an edge in the global digital currency competition.
7️⃣ However, some U.S. lawmakers have warned that the bill may hide the risks of 'central bank digital currency,' describing it as a 'Trojan horse' for digital finance.
📌 Turbulence and turning points coexist, and stablecoin and Bitcoin policies have become a global focus again.
