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According to Foresight News, Bitcoin financial services platform Avalon Labs has revealed its latest efforts in Washington, D.C., to advocate for clearer cryptocurrency policies. The company aims to influence government legislation from the perspectives of blockchain innovation, job creation, and inclusive finance, particularly concerning crypto enterprises and Bitcoin lending operations. Avalon Labs believes that a clear and stable regulatory environment will enable crypto businesses to operate more safely and compliantly in the United States. Additionally, Avalon Labs is urging government support for the Blockchain Regulatory Certainty Act. This legislation seeks to provide legal clarity for non-custodial crypto services, thereby fostering healthy industry development.

According to Cointelegraph, U.S. Senator Tim Scott, who chairs the Senate Banking Committee, announced plans to pass legislation concerning digital asset market structure by the end of September. During a discussion with Wyoming Senator Cynthia Lummis and White House crypto adviser Bo Hines, Scott emphasized the necessity of legislative action for the market to function effectively. He set a target date of September 30 for passing a market structure bill. Lummis expressed her support, stating, "You’re the chairman, and we will do as you wish," indicating readiness to meet Scott's timeline. Lummis, speaking at the Bitcoin Policy Summit, voiced her disappointment over the potential delay in passing the Guiding and Establishing National Innovation for US Stablecoins (GENIUS Act) and other digital asset market structure legislation before 2026. The GENIUS Act, having passed the Senate, awaits consideration in the House of Representatives, but neither chamber has scheduled a floor vote on market structure legislation as of June. The White House had initially aimed to sign the crypto bill into law by August, but timelines from Lummis and Scott may conflict with U.S. President Donald Trump's plans. On June 18, Trump urged the House to expedite the GENIUS Act to his desk. However, the timing for a House vote remains uncertain. Lummis mentioned at the Thursday event her intention to assist in drafting market structure legislation, aiming for a release before the August recess and a markup session in September. She suggested that lawmakers might consider the House's proposed Digital Asset Market Clarity Act (CLARITY Act) while drafting the Senate version. Although the CLARITY Act moved out of committee in June, Lummis and Scott's comments imply that Senate efforts might take precedence over the House's initiatives. The proposed legislation seeks to provide clearer guidelines for digital asset companies operating in the United States, potentially clarifying which digital assets are classified as securities and fall under the jurisdiction of the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).

According to PANews, the Central Bank of Brazil has released a draft regulatory resolution concerning the accounting recognition, measurement, derecognition, and disclosure standards for virtual assets and utility tokens by financial institutions. This initiative aims to enhance the transparency, comparability, and quality of related accounting information. The public is invited to submit their opinions and suggestions through the Central Bank's website or the government platform 'Participa + Brasil' by August 24, 2025.

According to Foresight News, India's ruling party spokesperson Pradeep Bhandari has analyzed the United States' Bitcoin reserve initiatives and the cryptocurrency's advantages. He suggests that India is at a pivotal moment where a cautious Bitcoin strategy, potentially starting with a reserve pilot, could enhance economic resilience and modernization. As the U.S. progresses and countries like Bhutan adopt Bitcoin, India needs to clarify its crypto policies to unlock Bitcoin's potential.

According to Odaily, the U.S. dollar has fallen to multi-year lows against the euro and Swiss franc due to concerns over the future independence of the Federal Reserve. These worries have shaken confidence in the stability of U.S. monetary policy. Nick Rees, Head of Macroeconomic Research at Monex Europe, noted that from a market perspective, this situation not only undermines the credibility and independence of the Federal Reserve but also poses risks to the outlook for U.S. interest rates. These concerns have put pressure on the dollar today. Additionally, remarks from U.S. President Donald Trump's team could further strain the dollar as the July 9 deadline for the "reciprocal tariffs" suspension approaches.

According to BlockBeats, Hong Kong brokerage stocks faced a short-term downturn on June 26. Hongye Futures (03678.HK) saw a drop of over 9%, while Guotai Junan International (01788.HK) fell by more than 7%. Victory Securities (08540.HK) experienced a narrowing of gains to less than 50%.

According to Foresight News, Hong Kong's Cyberport has introduced the 'Blockchain and Digital Asset Pilot Funding Program,' which is now open for applications. The initiative aims to provide financial support to companies in the development phase to test impactful blockchain and digital asset solutions. Eligible pilot projects can receive up to 80% funding, with a maximum grant of HKD 500,000. The funding will be distributed in two phases: an initial startup fund and a final grant upon completion of pilot testing and confirmation by sponsoring institutions. The application deadline is August 1.The program covers various sectors, including RWA tokenization, stablecoins and payment solutions, decentralized identity, Web3 security, distributed AI/machine learning (ML), and social innovation and digital experiences. Companies must have a sizable institution as their sponsor, demonstrating the commercial potential of their pilot projects. Applicants must be companies or research institutions registered and operating in Hong Kong, meeting the relevant eligibility criteria. The solutions must be directly related to recognized Web3 fields and address real issues faced by Hong Kong institutions, offering innovative and market-unique solutions.

According to Cointelegraph, World Liberty Financial, a cryptocurrency venture associated with U.S. President Donald Trump, is set to release an audit of its stablecoin and has hinted at potential changes to its governance token, WLFI. During the Permissionless conference in Brooklyn, co-founder Zak Folkman revealed that the stablecoin had recently undergone its first attestation by an accounting firm. Folkman announced that the attestation report would be available on the project's website in the coming days. He also hinted at a possible transformation for WLFI, the governance token, which currently offers voting rights but remains nontransferable. Folkman suggested that significant developments could be expected in the next few weeks, which he believes will be well-received by the community. Additionally, World Liberty Financial plans to introduce a new app designed to simplify cryptocurrency usage for retail participants, potentially increasing the platform's appeal as the election cycle approaches.In a recent post on X, World Liberty Financial confirmed that the WLFI token might soon become transferable, responding to growing community demand. The project assured its followers that the team is actively working to implement this change, promising significant announcements soon. However, the news has elicited mixed reactions. While some community members are enthusiastic about the prospect of acquiring WLFI, others remain skeptical. Critics have suggested that the move might be an attempt by the team and other investors to offload their holdings, with concerns that retail investors might end up bearing the brunt.U.S. President Donald Trump has reported substantial earnings from World Liberty Financial, amounting to $57.4 million, as disclosed in his 2025 financial report filed with the Office of Government Ethics. Trump holds over 15 billion governance tokens in the project, which provide voting rights, and his income is derived from token sales. Since its inception in September 2024, World Liberty Financial has raised $550 million through two public token sales. The platform is focused on decentralized finance (DeFi) services and dollar-pegged stablecoins, positioning itself as a challenger to traditional financial systems. The project has attracted significant investment from notable figures in the crypto industry, including Tron founder Justin Sun, who invested $30 million in WLFI tokens, and Web3Port, which contributed $10 million. Oddiyana Ventures also joined as a backer in early 2025.

According to PANews, the U.S. Securities and Exchange Commission (SEC) has announced an extension for the compliance deadline of the revised Rule 15c3-3, known as the Customer Protection Rule. Originally set for December 31, 2025, the new deadline is now June 30, 2026. This rule mandates certain broker-dealers to shift the frequency of customer reserve calculations from weekly to daily to enhance financial safeguards. SEC Chairman Paul S. Atkins stated that the extension aims to prevent operational challenges for broker-dealers. It is important to note that this rule applies only to securities-related digital asset custody and does not affect non-securities digital assets like Bitcoin. In May 2025, the SEC withdrew a 2019 joint statement, allowing broker-dealers to establish control over uncertificated digital asset securities through qualified custodians such as banks. The extension provides institutions with additional time to adjust their systems and test the daily calculation processes.

According to Cointelegraph, Wyoming Senator Cynthia Lummis expressed optimism that Congress will pass two significant pieces of cryptocurrency legislation concerning stablecoins and market structure by the end of 2025. Speaking at the Bitcoin Policy Summit in Washington, D.C., Lummis highlighted the progress of the Digital Asset Market Clarity (CLARITY) Act in the House of Representatives and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in the Senate. She emphasized her disappointment if these bills do not pass by 2026. Lummis, who chairs the Senate Banking Committee’s digital asset subcommittee, acknowledged the challenges in securing bipartisan support for crypto-related bills. She noted concerns about potential advantages for individuals with family ties to the administration, which complicates the legislative process. During a recent hearing, Lummis stressed the importance of bipartisan input, stating, "I don’t want to come up with a piece of legislation that the other side of the aisle feels they haven’t had adequate input in." While some Democrats have joined Republicans like Lummis in supporting crypto bills, including the GENIUS Act, others have raised concerns about U.S. President Donald Trump's involvement in the crypto sector. The president, who has launched his own line of memecoins and holds a stake in World Liberty Financial, a family-backed crypto business, has also received political donations from digital asset company executives. These factors have led to calls for addressing potential conflicts of interest before advancing legislation. The timeline for passing these bills remains uncertain. Lummis aims for completion by 2026, a later target than Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, who suggested the GENIUS Act could be ready before Congress' August recess. President Trump has indicated his willingness to sign the bill without amendments if it passes swiftly. However, with Republicans holding a narrow majority in the House, bipartisan support will be crucial for the passage of both the market structure and stablecoin bills.

Key Takeaways:The FHFA will allow Fannie Mae and Freddie Mac to consider cryptocurrencies as reserve assets in mortgage risk assessments.Borrowers can now include Bitcoin and other crypto holdings without converting them to USD.The move aligns with President Trump’s broader push to make the U.S. a global crypto hub.In a landmark move for crypto adoption in U.S. housing finance, the Federal Housing Finance Agency (FHFA) will now allow Fannie Mae and Freddie Mac to include cryptocurrencies as part of their single-family mortgage risk assessments.The directive was issued Wednesday by FHFA Director William J. Pulte, who said the policy shift reflects President Donald Trump’s vision of making the U.S. the global capital of digital assets.“This decision follows significant studying and brings us in alignment with the president’s crypto-forward agenda,” Pulte said during a press briefing.What the Decision Means for HomebuyersFor the first time, crypto assets—such as Bitcoin (BTC) or Ethereum (ETH)—will be considered reserve assets when evaluating mortgage applicants. This means borrowers won’t need to convert their crypto into U.S. dollars to qualify for home loans backed by Fannie Mae or Freddie Mac.Both institutions play a foundational role in the U.S. housing market by buying mortgages from lenders, which provides liquidity and lowers borrowing costs for millions of Americans. The FHFA’s decision marks a significant policy shift since it assumed oversight of both GSEs in 2008 following the subprime mortgage crisis.Part of a Broader Crypto Integration TrendThe announcement comes amid a wave of moves signaling growing institutional adoption of digital assets in the U.S. financial system:JPMorgan is reportedly allowing select clients to use Bitcoin ETFs as collateral for financing.Crypto-backed mortgages are already available via niche platforms like Ledn, where borrowers use BTC or ETH to secure real estate loans without liquidating holdings.“We’ve seen strong demand from Bitcoin holders using crypto as real estate collateral,” said Mauricio Di Bartolomeo, co-founder of Ledn.Regulatory Momentum Under the Trump AdministrationThis is the latest in a series of crypto-friendly policies emerging under the Trump administration. Earlier this year, Trump endorsed legislation supporting stablecoin frameworks and pledged to support broader crypto integration across federal agencies.With the FHFA now opening the doors for digital asset inclusion in mortgage underwriting, crypto may soon play a far more central role in traditional finance, accoridng to Cointelegraph.

According to PANews, IMF Vice President Li Bo addressed the development of stablecoins at the 2025 Summer Davos Forum, emphasizing both opportunities and challenges. He identified effective regulation as the core challenge, noting that while there have been various global efforts and regulatory attempts concerning stablecoins, these are merely initial steps. Li Bo stressed the need for further exploration and consensus on a global scale to address unresolved issues in stablecoin regulation.

According to Foresight News, DWF Labs has announced the renewal of its strategic partnership with the DMCC Crypto Centre. The collaboration aims to bolster the development of Dubai's cryptocurrency ecosystem. DWF Labs is committed to supporting this growth through investments, advisory support, and facilitating access to global markets.

According to PANews, recent reports indicate that the daily trading volume of dollar-pegged stablecoins has surpassed $100 billion since June, significantly exceeding the trading volumes of Bitcoin and Ethereum. Based on quarterly reports from Tether and Circle, it is estimated that U.S. Treasury bonds constitute at least 80% of the reserve assets for the total $250 billion in dollar stablecoins, effectively increasing the demand for U.S. Treasuries by $200 billion.Standard Chartered Bank forecasts that by 2028, the stablecoin market will reach a size of $2 trillion, correlating with a demand for U.S. Treasury bonds ranging from $1.2 trillion to $1.6 trillion. This growth positions stablecoin issuers as the second-largest buyers of U.S. Treasuries, following the Federal Reserve.

According to PANews, Morgan Stanley has projected that the Federal Reserve will implement seven interest rate cuts in 2026. The reductions are expected to commence in March, ultimately bringing the rate down to a range of 2.5% to 2.75%.

According to PANews, Grayscale, a digital asset investment platform, announced the launch of the Grayscale Space and Time Trust on Tuesday. This new investment tool provides investors with the opportunity to access the native token SXT of the Space and Time blockchain protocol. Rayhaneh Sharif-Askary, Grayscale's Head of Product and Research, stated that the trust offers investors a chance to engage with a project that combines blockchain technology with enterprise-level data architecture, enabling extensive applications in both Web 2.0 and Web 3.0 domains.The Grayscale Space and Time Trust was registered in Delaware the previous day.

According to BlockBeats, the Hong Kong Special Administrative Region Government announced that the Stablecoin Ordinance will take effect on August 1, marking the establishment of the world's first comprehensive regulatory framework for fiat-backed stablecoins.Hong Kong Monetary Authority (HKMA) Chief Executive Yu Weiwen recently highlighted the high entry barriers for licensing, considering the emerging nature of stablecoins, associated risks, user protection, and market capacity for sustainable development. Initially, only a limited number of licenses will be issued.Yu emphasized that the stablecoin issuer sandbox program, initiated by the HKMA in 2024, is not a prerequisite for future stablecoin issuer license applications. Participation in the sandbox does not guarantee a license. The HKMA will carefully evaluate all applications based on consistent and stringent standards.Applicants must present feasible business plans and practical application scenarios, with a focus on reserve management, compliance systems, and technical security. The initial batch of stablecoins will concentrate on cross-border trade and Web 3.0 applications.

According to PANews, Arizona has passed the Bitcoin Reserve Bill HB2324, as reported by Bitcoin Laws. This legislation establishes a reserve fund for assets seized through criminal forfeiture. If signed by Governor Hobbs, it will become the state's second reserve bill to be enacted.

According to PANews, the U.S. Treasury Department released a joint statement with the UK Financial Regulatory Working Group on June 24, 2025, announcing a significant alliance to enhance digital asset regulation and reshape financial markets. This follows the 11th meeting held on June 3 in London, where multiple U.S. and UK departments engaged in in-depth discussions on digital finance and innovation.The discussions highlighted collaborative efforts to advance legislation on stablecoins and digital securities, aiming to establish unified regulatory standards. Both governments exchanged priorities and legislative progress on digital asset regulation, with the UK sharing updates on its digital securities sandbox and strategies to foster cross-border innovation.Authorities emphasized the importance of effective regulation for financial stability and growth, committing to ongoing collaboration through global organizations. The regulation of artificial intelligence also garnered attention, with both parties striving to balance innovation and safety.In capital markets, the U.S. and UK outlined plans for settlement cycle adjustments and listing rule changes. The working group agreed to reconvene by early 2026 to maintain open dialogue.

According to PANews, eight major South Korean banks are preparing to establish a joint venture to issue a Korean won-backed stablecoin. The participating banks include KB Kookmin Bank, Shinhan Bank, Woori Bank, NongHyup Bank, Korea Development Bank, Suhyup Bank, Citibank Korea, and Standard Chartered Bank Korea. This initiative is being developed in collaboration with the Open Blockchain and Decentralized Identifier Association and the Korea Financial Telecommunications and Clearings Institute.Currently, discussions are ongoing regarding the shared infrastructure for the project. If regulatory approval is granted, the joint venture could be launched by the end of this year or early next year. The project team is considering two models for stablecoin issuance: a trust model, where customer funds are individually trusted before issuing stablecoins, and a deposit token model, which links stablecoins to bank deposits.