🔔 MARKET MOVING NEWS! (13/04/25)
1️⃣ Senator Tim Scott Is Confident Market Structure Bill Passed by August ‼️
Senator Tim Scott, the chairman of the US Senate Committee on Banking, Housing, and Urban Affairs, reportedly expects a crypto market bill to be passed into law by August this year. He emphasised that the committee prioritizes crypto policy, highlighting its advancement of the GENIUS Act, a comprehensive stablecoin regulatory bill, in March 2025.
He stated,
We must innovate before we regulate — allowing innovation in the digital asset space to happen here at home is critical to American economic dominance across the globe.
2️⃣ CZ Denies Allegations Made In WSJ Report 👀
Binance founder Changpeng Zhao (CZ) has reportedly denied claims recently made in a Wall Street Journal (WSJ) report. For context, the WSJ report claims CZ agreed to provide evidence against Tron founder Justin Sun as part of a plea deal with the United States Department of Justice (DOJ). The report cited unnamed sources familiar with the matter. Responding to the report, CZ claimed he had heard that someone paid WSJ employees to run a smear campaign against him. He further speculated that the report could be linked to lobbying efforts against him and his former company.
3️⃣ Scottish School Will Accept Bitcoin Payments, May Launch BTC Reserve 💸
Lomond School, a school in Helensburgh, Scotland, is reportedly going to start accepting Bitcoin payments. The school stated that the decision comes after multiple parents requested for the facility. For context, the private boarding school has a number of international students. To "manage and mitigate risk," the school said it would start accepting BTC in phases, and would convert digital coins received into pound sterling. It also added that it would consider building a reserve of the cryptocurrency if its use case grows in the UK.
4️⃣ 'Clean Cloud Act' Draft Bill Requires Crypto Miners To Cut Emissions Or Face Fines 🔍
A draft bill dubbed the "Clean Cloud Act of 2025" was reportedly introduced to the U.S. Senate on Thursday by Democratic Senators Sheldon Whitehouse and John Fetterman. The bill seeks to curb emissions from crypto mining facilities and AI data centers. It would amend the Clean Air Act to require data centers with more than 100 kW of energy capacity to meet emissions caps that vary by region, as laid out in the Department of Energy's National Transmission Needs Study. The caps would be set by the end of 2025, and would lower by 11% each year until reaching zero in 2035. Facilities that exceed the emissions caps would pay inflation-adjusted fines based on how much their emissions exceeded the caps.
