🌐 #Shanghai Considers Stablecoin Regulation Shanghai’s st | Cleta Hegener jkSH on Binance Square

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🌐 #Shanghai  Considers Stablecoin Regulation
Shanghai’s state regulator convened about 60 – 70 officials to explore a Yuan-pegged stablecoin—a marked departure from China’s 2021 crypto ban. This may pave the way for Chinese firms like JD.com and Ant Group to launch such tokens from Hong Kong once new regulations take effect August 1  

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#Bitcoin , Ether, and XRPclimbed modestly: BTC rose about 0.1% to $114,400, ETH gained 2.1% to $3,627, and XRP advanced to $3.03, buoyed by expectations of an upcoming U.S. interest rate cut. Analysts note BTC remains below recent highs (~$122K) but is holding above key support levels near $100K • A machine learning model forecasts XRP could reach up to $5.50 later this year $BTC $ETH $XRP

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#CFTCCryptoSprint 🚨 Major Shift in U.S. Crypto Regulation! 🚀 The CFTC has kicked off “Crypto Sprint” — a rapid-response initiative to implement key digital asset reforms backed by the Trump Administration. Working alongside the SEC’s “Project Crypto,” this marks a major step toward long-awaited clarity around crypto rules in the U.S. 📢 Key highlights: • Regulated platforms may soon offer spot crypto trading • Support is growing for 24/7 crypto markets • DeFi risks and asset classification are under the microscope Both agencies aim to strengthen investor protection while keeping the U.S. at the forefront of the global digital economy. 📅 Public comments are open until August 18. Innovation is finally meeting regulation — and fast.

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