6.14 AI Daily Crypto Assets market fluctuations intensify, regulatory trends attract follow

1. Headline

1. Trump's Media Group Bitcoin Treasury Plan Approved, Triggering Regulatory Controversy

Trump Media & Technology Group (TMTG) announced that its registration statement for the Bitcoin treasury plan submitted to the U.S. Securities and Exchange Commission (SEC) has been approved and is effective. The plan aims to raise $2.3 billion in Bitcoin reserves for TMTG's businesses, such as its social media platform Truth Social.

TMTG indicates that the Bitcoin treasury will provide a source of funding independent of the traditional financial system, ensuring freedom of speech. However, this move has drawn the attention of regulators. SEC Chair Gensler warned that cryptocurrencies could be used to evade sanctions and launder money. Congressional Democrats have questioned whether Trump has a conflict of interest.

Analysts point out that TMTG's Bitcoin treasury plan reflects the increasing popularity of cryptocurrencies among mainstream enterprises. However, it also highlights the risks and uncertainties brought about by the regulatory vacuum. The future direction of cryptocurrency regulation will have a profound impact on the industry.

2. Iran's missile attack on Israel triggers a geopolitical crisis

The Iranian Islamic Revolutionary Guard launched missile attacks against Israel on Tuesday, sharply escalating tensions between the two sides. Israel stated that it successfully intercepted most of the missiles and retaliated against Iran.

The conflict stems from Israel's earlier drone airstrikes against Iran. Both sides attacking each other has sparked a new round of geopolitical crisis. Analysts warn that if the situation continues to escalate, it could threaten peace and stability in the Middle East.

The energy and financial markets reacted strongly to this geopolitical risk. International oil prices briefly surpassed the $80 per barrel mark. Risk assets like Bitcoin also experienced significant volatility. Investors are concerned that the conflict may escalate, which could impact global supply chains and economic growth.

3. The securities exchange appoints crypto-friendly officials, and the policy may ease.

The U.S. Securities and Exchange Commission (SEC) appointed four executives with backgrounds in cryptocurrency this week, which is seen as a signal that its cryptocurrency policies will become more lenient.

The newly appointed officials include the former Chief Compliance Officer and former executives from Paxos. They have extensive experience in the cryptocurrency industry and may hold cryptocurrency assets. Analysts believe that this personnel appointment reflects SEC Chairman Atkins' desire to adopt a more pragmatic and inclusive stance on cryptocurrency regulation.

The cryptocurrency industry has long criticized the SEC for its uncertainty in regulatory issues. The addition of new officials is expected to drive the SEC to establish a clearer and more consistent regulatory framework. However, some analyses suggest that there are still internal disagreements within the SEC regarding cryptocurrency regulation.

4. Multiple institutions apply for Solana ETF, futures funds may be approved.

According to reports, several asset management companies, including Fidelity, Invesco, and VanEck, have submitted application documents for a Solana spot ETF to the SEC. Analysts expect that the SEC is likely to approve the listing of the first Solana futures fund in the coming weeks.

Solana is the third largest cryptocurrency after Bitcoin and Ethereum. Its outstanding performance and low transaction fees make it highly favored among institutional investors. Analysts believe that the approval of a Solana ETF will provide institutional investors with a more convenient investment channel, likely promoting the further development of the Solana ecosystem.

However, some believe that the introduction of cryptocurrency ETFs may exacerbate market volatility. Investors need to have a full understanding of the high risk associated with cryptocurrencies.

5. The founder of Cardano proposed the establishment of a $1 billion sovereign wealth fund.

Charles Hoskinson, the founder of Cardano, proposed to exchange approximately $1 billion worth of ADA tokens in the Cardano treasury for Bitcoin and stablecoins to establish a "decentralized sovereign wealth fund."

Hoskinson stated that the fund aims to provide liquidity support for the Cardano ecosystem and inject funds for the development of DeFi applications. He believes that converting a portion of treasury assets into Bitcoin and stablecoins can diversify risk.

Analysts point out that Hoskinson's proposal reflects the cryptocurrency project's demand for enhancing the utility of tokens. However, there are also concerns about operational risks and community divisions. The Cardano community's response to the proposal has been mixed.

2. Industry News

1. Bitcoin briefly fell below the $105,000 mark, and market analysts say the correction is not yet over.

Bitcoin briefly fell below the $105,000 mark on June 14, hitting a daily low of $104,993.6, down 0.41% from the previous day's closing price. Affected by geopolitical tensions, Bitcoin once dipped to $102,600, then quickly rebounded above $106,000, but the subsequent upward momentum could not be sustained, and it retreated again to around $105,200.

Analysts generally believe that Bitcoin's current trend lacks continuity in breakthroughs, and the pullback may not be over yet. The CoinDesk 20 index fell 4.4% during the same period, with mainstream tokens like Ethereum, Avalanche, and TON experiencing declines of 6%-8%. Despite the overall downturn in cryptocurrency stocks, Circle's stock price rose 13%, possibly influenced by news from Amazon and Walmart regarding their plans for stablecoins.

Traders have divergent views on the future trend of Bitcoin. Some analysts believe that Bitcoin will continue to oscillate within a range in the short term, and further downside risks should be monitored. However, there are also opinions suggesting that the long-term bullish structure of Bitcoin has not been damaged, and the short-term pullback provides a good opportunity for long-term investors. Overall, market sentiment remains cautiously optimistic, and investors need to closely watch the developments in the geopolitical situation.

2. Ethereum futures open interest hits a new high, ETF fund inflows surge.

Ethereum futures open interest set a new record of $2 billion this week, marking an increase in trader confidence and demand for leveraged trading. This data is consistent with the recent upward momentum in Ethereum prices.

Analysts point out that the activity in the Ethereum derivatives market reflects investors' optimism about Ethereum's long-term prospects. The application of Ethereum in decentralized finance and the NFT sector is continuously expanding, driving institutional investors' allocation demand. Data shows that over the past 30 days, more than $240 million has flowed into Ethereum spot ETFs, enhancing bullish sentiment and market stability.

However, some analysts have expressed concerns about the rapid growth of Ethereum futures open interest. Excessive leverage may amplify price fluctuations, and once large-scale liquidations occur, it could trigger a chain reaction, exacerbating market turbulence. Therefore, investors need to closely monitor indicators such as funding rates to manage their risk exposure in a timely manner.

Overall, the activity in the Ethereum futures market reflects investors' optimistic expectations for the long-term prospects of Ethereum. However, investors should also be cautious of the risks brought by excessive leverage and maintain a moderate risk appetite.

3. XRP price may face downside risks in the short term, but the long-term outlook remains bullish.

XRP experienced a brief decline in the past 24 hours, with the price dipping to $0.6412 at one point, marking a maximum intraday drop of 6.01%. Analysts believe that XRP may face further downside risks in the short term.

On one hand, XRP is currently trading within a descending triangle pattern, and the market structure shows a bearish outlook. On the other hand, XRP has recently formed a death cross signal, indicating an increase in bearish pressure. If XRP fails to gain strong support at the $0.6 level, it may further decline towards the $0.5 range.

However, in the long term, the outlook for XRP remains bullish. Analysts point out that XRP ledger activity continues to increase, reflecting the network's strong utility. In addition, the lawsuit with the Securities and Exchange Commission is expected to be settled this year, which will bring positive news for XRP. Once the regulatory environment becomes clear, it is expected to attract more institutional funds, driving up the price of XRP.

Overall, XRP may continue to fluctuate downwards in the short term, and investors need to be cautious of the risks. However, in the long run, the fundamentals of XRP remain positive, and after regulatory clarity, it will regain development momentum. Investors can take advantage of short-term fluctuations and accumulate positions on dips.

4. The Solana ecosystem continues to heat up, potential issuers of SOL ETF have submitted updated application documents.

The Solana ecosystem continues to heat up, becoming a new force in the cryptocurrency market. According to reports, seven potential issuers of Solana ETFs have submitted S-1 update filings to the U.S. Securities and Exchange Commission, incorporating staking content. This indicates that regulatory agencies are increasingly paying attention to the Solana ecosystem.

Solana, as a high-performance public chain, has broad development prospects in the fields of decentralized applications and NFTs. Data shows that developer activity and capital inflow in the Solana ecosystem continue to grow, reflecting investors' recognition of its long-term value.

Meanwhile, Solana's own token SOL has also performed strongly over the past week, leading the rise among large-cap tokens. Analysts expect that SOL is likely to break through the historical high of $275 within this year. However, there are also views suggesting that SOL's current valuation may be too high, and investors need to be cautious of the risk of a pullback.

Overall, the continuous warming of the Solana ecosystem reflects the profound changes occurring in the cryptocurrency market. As a new generation public chain, Solana may become an important force for future development. However, investors need to carefully assess the risk-reward ratio when allocating their investments, seizing opportunities while controlling risk exposure.

5. The short-term volatility of the cryptocurrency market has intensified, and investor sentiment is becoming cautious.

In recent days, the cryptocurrency market has experienced increased volatility, with major coins undergoing significant fluctuations. Tokens such as Bitcoin, Ethereum, and Avalanche have all seen declines of 5%-10% in a short period.

Analysts believe that the recent decline is mainly influenced by geopolitical situations. Israel's military strikes against Iran have intensified tensions in the Middle East, triggering a sell-off of risk assets. At the same time, Iran's threat to block the Strait of Hormuz has also heightened the market's risk aversion sentiment.

At the same time, the funding rates and futures open interest in the cryptocurrency market have rapidly declined, reflecting a cautious sentiment among investors. Data shows that the cryptocurrency fear and greed index has dropped to 52, falling within the neutral range.

However, some analysts believe that the current pullback presents a good opportunity for long-term investors. The relative strength index of Bitcoin has entered an oversold zone, indicating potential rebound opportunities. In addition, the weakening of the dollar and inflationary pressures will also drive the demand for risk asset allocation.

Overall, the cryptocurrency market may maintain volatility in the short term, and investors need to maintain a cautiously optimistic mindset. On one hand, control risk exposure, and on the other hand, seize long-term investment opportunities. At the same time, closely monitor the developments in geopolitical situations, as this will be a key factor influencing market trends.

6. The regulatory agencies release positive signals, and the prospects for cryptocurrency are optimistic.

Recently, U.S. regulators have released a series of positive signals for the cryptocurrency industry, reflecting a further relaxation of regulatory attitudes. This brings positive expectations for the long-term development of cryptocurrencies.

First, the U.S. Securities and Exchange Commission appointed two executives with backgrounds in cryptocurrency and blockchain to serve as the market director and head of investment management. This is seen as a signal that the SEC's policy direction is tending to soften.

Secondly, the Securities and Exchange Commission has withdrawn 14 proposed rules aimed at regulating cryptocurrency and decentralized finance platforms. This indicates that regulators are reassessing their approach to cryptocurrency regulation, with the expectation of reducing unnecessary restrictions.

In addition, Congress is reviewing the CLARITY Act, which aims to establish an authoritative regulatory framework for digital assets. If the bill is passed, it will bring greater certainty and room for growth to the cryptocurrency industry.

Analysts believe that improvements in the regulatory environment will bring new development opportunities for cryptocurrencies. Once regulations are clarified, it will help attract more institutional funds into the market, promoting the long-term healthy development of the industry. However, it is also necessary to be cautious of the short-term volatility risks brought about by regulatory changes.

3. Project Highlights

1. Kaito AI: The New Star of the We Information Platform

Kaito AI is an information platform established in 2022, aimed at addressing the issue of information fragmentation in the crypto world. The platform's core products include the AI-driven Kaito Pro search engine and Kaito Connect InfoF network. They are capable of real-time aggregation of multi-source data from social media, research forums, podcasts, and more, utilizing large language models and semantic understanding technology to transform unstructured information into instant insights, providing features such as sentiment analysis, keyword tracking, and narrative mining.

Kaito recently announced that it has distributed tokens worth over $90 million to holders and users. This initiative aims to incentivize community participation and promote the platform's growth. Kaito's innovation lies in leveraging AI technology to integrate We information, providing users with efficient information access and analysis tools.

The emergence of Kaito fills the gap in information integration within the We domain and is expected to become a leader in the industry. Its AI-driven information processing method provides users with an unprecedented experience and helps promote the development of the We ecosystem. However, Kaito also faces challenges from other competitors and needs to continue innovating to maintain its leading position.

Industry analysts are optimistic about Kaito's prospects. They believe that as the We ecosystem continues to expand, the demand for efficient information integration tools will increase day by day. With its first-mover advantage and innovative technology, Kaito is expected to occupy an important position in this field.

2. Sui: A New Star in the Move Ecosystem

Sui is an emerging public chain project built on the Move language, founded by former Meta blockchain researchers. During the TOKEN 2049 conference, the price of Sui's token saw a significant increase, attracting widespread attention.

As a rising star in the Move ecosystem, Sui's core innovation lies in its adoption of a brand new execution engine and parallel execution model, significantly enhancing throughput and scalability. At the same time, Sui introduces a new type of object ownership model, improving the security and composability of assets.

Recent developments show that Sui has successfully launched on the mainnet and introduced several ecosystem projects, including the decentralized exchange Cetus and the NFT marketplace Scallop. In addition, Grayscale Trust and USDC have also landed on the Sui network, providing stable liquidity support.

The emergence of Sui brings new vitality to the Move ecosystem, promising to drive innovation and development in this field. Its high performance and security are expected to attract more developers and projects to settle in, building a diversified ecosystem. However, Sui currently has few tradable assets, and the construction of the ecosystem still requires time.

Insiders are cautiously optimistic about the prospects of Sui. They believe that Sui has outstanding technical strength, but to truly break through, it needs more ecological projects and application scenarios to be incubated. The Sui team needs to strengthen ecological construction efforts to attract more quality projects in order to occupy an important position in the Move ecosystem.

3. Directed Acyclic Graph ( DAG ): The emergence of a new generation of blockchain.

A Directed Acyclic Graph ( DAG ) is a new type of blockchain architecture that has recently gained widespread attention in the cryptocurrency field. Unlike traditional blockchains, DAG uses a acyclic topological structure, allowing for parallel transaction processing, significantly increasing throughput and scalability.

The latest advancements in DAG technology are that some emerging public chain projects such as Conflux and Byteball have already been deployed based on this architecture. They showcase the advantages of DAG technology through innovative consensus mechanisms and transaction processing models, attracting the attention of a large number of developers and investors.

The emergence of DAG architecture has brought new hope for solving the scalability problem of blockchain. Compared to traditional public chains like Ethereum, DAG can support a higher volume of concurrent transactions, making it more likely to meet the demands of large-scale applications in the future. Additionally, DAG has higher energy efficiency, which helps promote the development of blockchain technology in an environmentally friendly direction.

However, DAG technology is still in a relatively early stage, and aspects such as security and decentralization still need to be further improved. Some analysts are concerned that DAG may struggle to achieve absolute immutability like Bitcoin.

Overall, DAG is considered one of the new directions in blockchain development, with broad prospects for growth. As more outstanding projects are incubated, DAG is expected to occupy an important position in the future, driving the evolution of blockchain technology.

4. The Solana ecosystem ETF is expected to be approved.

Latest news shows that seven asset management companies have submitted updated S-1 registration statements for the Solana ETF to the U.S. Securities and Exchange Commission ( SEC ). This is seen as an important step towards the approval of the Solana ecosystem ETF.

As a leading high-performance public chain, the Solana ecosystem has developed rapidly in recent years, attracting a large number of excellent projects and funds. The launch of the Solana ETF will provide investors with a more convenient investment channel and is expected to further promote the development of this ecosystem.

However, analysts point out that the likelihood of Solana ETF approval is not high this week. The SEC may need more time to review the related applications to ensure that investors' interests are fully protected. Previously, the SEC has been relatively cautious in its regulatory stance towards cryptocurrencies.

If the Solana ETF is finally approved, it will signify the regulatory body's high recognition of this ecosystem. This will not only bring more capital inflow to Solana but also further enhance its position in the public chain field.

Industry insiders remain optimistic about the prospects of Solana ETF approval. They believe that as cryptocurrency regulations become clearer, the SEC will be more open to approving cryptocurrency ETFs. As a leading public chain ecosystem, Solana has a high chance of approval.

5. New Trends in Stablecoin Regulation: Significant Progress on the GENIUS Act

The U.S. Congress has reached an important agreement on stablecoin regulation, known as the "GENIUS Act." This bill aims to establish unified standards for the issuance and regulation of stablecoins, with hopes of promoting healthy development in this field.

The core contents of the GENIUS Act include: requiring stablecoin issuers to hold sufficient reserve assets to ensure that the tokens are fully backed; stipulating that stablecoin issuers must undergo audits to guarantee transparency; and granting regulatory agencies the authority to impose penalties for violations, among other things.

The introduction of this bill marks a significant increase in regulatory efforts by U.S. regulators in the stablecoin sector. As the use of stablecoins expands in areas such as payments and settlements, the need for unified regulatory standards has become urgent.

The GENIUS Act has been passed, which will create a more regulated and orderly environment for the development of stablecoins. This helps to enhance investor confidence, attract more institutional funds, and promote the development of the entire ecosystem. However, some analysts are concerned that excessive regulation may limit innovation.

Overall, the advancement of stablecoin regulatory legislation is seen as a positive signal. It reflects that regulators are paying attention to this field and are striving to create a favorable environment for it. The introduction of relevant regulations will contribute to the long-term healthy development of the stablecoin ecosystem.

6. The XRP case is expected to reach a settlement, and the prospects for Ripple are optimistic.

According to the latest news, Ripple is expected to reach a settlement in its long-term lawsuit with the U.S. Securities and Exchange Commission (SEC). Both parties have agreed on a $125 million custody transaction, marking a potential end to this protracted legal battle.

Since being sued by the SEC in 2020, Ripple has been caught in a whirlwind of public opinion. The SEC accused its token issuance of constituting an illegal securities offering, while Ripple Labs denied any wrongdoing. The two sides have been entangled for years, affecting the development of the XRP token.

If a settlement is ultimately reached, it will clear obstacles for the future development of XRP. Analysts believe that once the case is settled, XRP will usher in new development opportunities, and its application prospects in areas such as cross-border payments will be significant.

In addition, the achievement of the settlement agreement will boost investor confidence and is expected to drive a rebound in the price of XRP. Currently, XRP is in a leading position in the cryptocurrency market capitalization ranking, and an influx of more institutional funds can be anticipated.

Industry insiders welcome the settlement of the XRP case. They believe that this will set a positive regulatory precedent for the entire cryptocurrency industry, contributing to the long-term healthy development of the industry. At the same time, it also provides a reference for the resolution of other similar cases.

Overall, the smooth resolution of the XRP case will open a new development stage for the project and will also bring positive impacts to the entire cryptocurrency ecosystem.

4. Economic Dynamics

1. The Federal Reserve's interest rate hike expectations are rising, and inflationary pressures continue.

Economic Background: The U.S. economy is expected to grow modestly in the first quarter of 2025, but inflationary pressures remain elevated. According to the latest data, GDP grew at an annualized rate of 2.4% in the first quarter, slightly lower than the previous quarter's 2.6%. Meanwhile, the core personal consumption expenditures price index (PCE) rose 4.7% year-on-year in April, up from 4.6% in March, suggesting that inflationary pressures have not eased significantly. The unemployment rate hovered at a low of 3.5% and the job market remained solid.

Important Events: The Federal Reserve did not raise interest rates at the monetary policy meeting in May, but emphasized that appropriate actions will be taken based on economic data to bring the inflation rate down to the target level of 2%. Most officials expect one or two more rate hikes this year. Meanwhile, U.S. Treasury Secretary Yellen urged Congress to raise the debt ceiling as soon as possible to avoid potential default risks.

Market reaction: Investors' expectations for the Federal Reserve's interest rate hike have increased, and the US dollar index has risen recently. The three major US stock indices experienced a pullback in May, exacerbating investors' concerns about the economic outlook. In the bond market, the yield on the 10-year Treasury bond broke 3.7% in early June, reflecting ongoing concerns about inflationary pressures.

Expert view: Goldman Sachs chief economist Jan Hatzius said that the Fed may need to raise interest rates above 5.5% to effectively curb inflation. He expects the U.S. economy to fall into a mild recession in the second half of 2025. On the other hand, Morgan Stanley Chief Economist Chetan Ahya believes that the Fed may pause interest rate hikes later this year as signs of a slowdown in the economy and a pullback in inflation will gradually emerge.

2. The pace of China's economic recovery is accelerating, and policy support continues.

Economic Background: The Chinese economy showed signs of recovery in the first quarter of 2025, with a year-on-year GDP growth of 4.5%, up from 2.9% in the previous quarter. In April, the Manufacturing Purchasing Managers' Index (PMI) was 51.1, remaining in the expansion zone for the third consecutive month. However, inflationary pressures have increased, with the Consumer Price Index (CPI) rising 2.7% year-on-year in April, higher than the 2.5% in March.

Important Events: The Chinese government continues to implement proactive fiscal policies and prudent monetary policies to support economic recovery. In May, the People's Bank of China lowered the reserve requirement ratio for some financial institutions, releasing approximately 500 billion yuan in long-term funds. At the same time, the State Council's executive meeting deployed a series of measures, including increasing infrastructure investment and supporting the development of the manufacturing industry.

Market Reaction: Investors are optimistic about the prospects of China's economic recovery, with stock indices in the Shanghai and Shenzhen markets rising in May. The RMB exchange rate has remained stable recently, reflecting market confidence in the effectiveness of policies. However, the real estate market is still under pressure, with housing prices in first-tier cities decreasing by 2.1% year-on-year.

Expert opinion: Ba Shusong, Dean of the Chongyang Institute for Financial Studies at Renmin University of China, stated that the foundation of China's economic recovery is still relatively weak and that policy support needs to be further strengthened. He expects that the economic growth rate will further rebound to around 5% in the second half of the year. On the other hand, Chen Yunhui, Chief Economist of CICC, believes that with the improvement of export and consumption demand, the economic recovery will become more extensive and lasting.

3. Eurozone inflation reaches a new high, increasing pressure on the European Central Bank to raise interest rates.

Economic Background: The Eurozone economy slowed down in the first quarter of 2025, with GDP growing by 0.1% year-on-year, down from 0.5% in the previous quarter. The unemployment rate hovers at a low of 6.5%, but inflationary pressures continue to build. In May, the Eurozone inflation rate reached a historical high of 8.1%, well above the European Central Bank's target level of 2%.

Important event: The European Central Bank decided to raise interest rates by 25 basis points at its monetary policy meeting in June, increasing the benchmark rate to 4%. This is the first rate hike by the ECB since 2011. ECB President Lagarde stated that further actions will be taken based on inflation data to bring the inflation rate down to the target level of 2%.

Market reaction: Eurozone stock markets experienced a decline in June, as investors' concerns about the economic outlook intensified. The euro has weakened against the US dollar recently, reflecting market doubts about European economic growth. In the bond market, the yield on German 10-year government bonds has surpassed 2.5%, reaching a new high since 2011.

Expert Opinion: David Folkerts-Landau, Chief Eurozone Economist at Deutsche Bank, stated that the European Central Bank may need to raise interest rates to above 4.5% to effectively curb inflation. He expects the Eurozone economy to enter a mild recession in the second half of 2025. On the other hand, Philippe Gudin, Chief Eurozone Economist at BNP Paribas, believes that the ECB should adopt a gradual rate hike strategy to avoid causing excessive shock to the economy.

5. Regulation & Policy

1. The White House rejects the provisions on cryptocurrency conflicts of interest in the CLARITY Act.

The "CLARITY Act" aims to establish a regulatory framework for the cryptocurrency industry in the United States, but it recently faced a significant hurdle in Congress. According to reports, the White House rejected provisions regarding conflicts of interest in the bill during critical negotiation stages.

The purpose of this provision is to restrict the president, vice president, members of Congress, and their immediate family members from engaging in cryptocurrency-related businesses during their term to avoid conflicts of interest. The two parties originally intended to sincerely draw on the language of existing campaign finance and financial disclosure regulations, but the White House ultimately stated that it would not accept it.

This decision has sparked widespread attention, as President Trump and his family are currently involved in multiple cryptocurrency projects, including stablecoins, Bitcoin mining, and DeFi. Democrats are concerned that the president may exploit his power for personal profit from these projects, and therefore hope to restrict it through this provision. Meanwhile, Republicans are trying to prevent this provision from being seen as a direct attack on Trump.

Currently, the two sides have not reached a consensus. House Republicans and the White House are drafting alternative proposals, but Democratic support remains uncertain. If an agreement on the conflict of interest provisions cannot be reached, it may affect the passage of the CLARITY Act before the July congressional recess.

Insiders have expressed concern about this. Some experts believe that clear conflict of interest regulations help maintain the fairness of regulation and enhance investor confidence. However, there are also views that overly strict restrictions may hinder the development of the cryptocurrency industry. Overall, all parties hope that Congress can reach a balance on this to create a favorable regulatory environment for the industry.

2. The Securities and Exchange Commission appoints executives with a background in cryptocurrency, policy direction may ease.

The recent personnel appointments by the U.S. Securities and Exchange Commission ( SEC ) are seen as a signal that its cryptocurrency regulatory policies may become more lenient.

The SEC announced that former global head of institutional markets Jamie Selway will take over as the director of the Trading and Markets Division, while Brian Daly, a partner at a law firm with experience in the cryptocurrency field, will also join to lead the Investment Management Division.

These two appointments reflect a policy shift by the SEC regarding cryptocurrency regulation. In recent years, the SEC's stance on regulating cryptocurrency projects has been relatively strict, leading to legal disputes with multiple companies and individuals. However, the newly appointed executives have extensive experience in the cryptocurrency industry, which may promote a more open and inclusive regulatory approach from the SEC.

Market participants welcomed this. A spokesperson for the cryptocurrency exchange Coinbase stated that the company has hired about 200 employees in Europe and invested resources to ensure operational safety, and the new appointment will help the SEC better understand industry practices.

However, some analysts remain cautious about the SEC's policy shift. They believe that SEC Chairman Paul Atkins has consistently supported strict regulation, and the influence of the newly appointed may be limited. Overall, however, the market expects the SEC's regulatory direction to become more moderate, which is favorable for the long-term development of the cryptocurrency industry.

3. The European Union may approve the license application for Coinbase and operating in 27 countries

According to a Reuters report, two major cryptocurrency companies, Coinbase and another company, are expected to obtain licenses to operate across the 27 EU countries.

According to the "Regulation on the Supervision of the Cryptocurrency Asset Market" that came into effect this year (MiCA), EU member states can issue cross-border operating licenses. Sources reveal that a license from the Maltese government is about to be obtained, while Coinbase's application is expected to be approved by Luxembourg.

Previously, Malta had swiftly approved the operating license for Gate, raising questions among other member states regarding its approval speed and regulatory capacity. The European Securities and Markets Authority is reviewing Malta's licensing process and plans to release a related report.

An insider said that the debate surrounding regulation is intensifying. Although Coinbase's application has been in progress for several months, some have pointed out that its planned business scale in Luxembourg is relatively small.

This licensing has attracted significant attention and is seen as an important milestone in the regulation of cryptocurrencies in the EU. Companies that obtain licenses will be able to operate legally across the entire EU, which will enhance the stability of trading and support global expansion.

However, some experts have expressed concerns about this. They believe that differences in the speed and strictness of approvals among different countries may affect the consistency of regulations. Additionally, overly lenient regulations could also pose potential risks. Overall, the industry hopes that the EU can strike a balance between promoting innovation and preventing risks.