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On the 30th (local time), the White House released the first cryptocurrency policy report in the United States. The White House's cryptocurrency policy report classified cryptocurrencies as securities and commodities, appointing the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) as the main supervisory agencies for the cryptocurrency market, and specifically designated the CFTC as the supervisory agency for cryptocurrency spot trading. The report also mentioned the need for clear licensing procedures for U.S. banks to adopt cryptocurrencies and the acceptance of stablecoins to maintain the status of the U.S. dollar.
2. JP Morgan "Will Provide Cryptocurrency Purchase Service from Fall... Collaborating with Coinbase"
JP Morgan plans to provide cryptocurrency purchase services starting this fall. On the 30th, Coinbase announced through an official statement that cryptocurrencies can be purchased on Coinbase through JP Morgan Chase credit cards, and USDC can be obtained through JP Morgan bank points from next year. Coinbase also said that JP Morgan Chase card users can directly link their bank accounts to Coinbase.
3. Hong Kong "Begins 6-Month Transition Period Before New Stablecoin Regulation Implementation"
The Hong Kong Monetary Authority (HKMA) announced that it is entering a 6-month transition period before implementing new stablecoin regulations in Hong Kong. Local media Radio Television Hong Kong reported on the 30th that the HKMA will begin accepting licenses for 6 months, including issuing temporary licenses to license applicants before issuing licenses to stablecoin issuers.
4. Trump's 'World Liberty Financial' Invests $10 Million in Stablecoin Development
The DeFi project 'World Liberty Financial' from Donald Trump's family announced on the 30th that it has invested $10 million in infrastructure development company Falcon Finance for stablecoin development. World Liberty Financial explained that it will invest $10 million to improve interoperability between the stablecoin Falcon USD (USDf) and World Liberty Financial USD (USD1), and develop a new stablecoin infrastructure.
5. U.S. CBOE Exchange Requests Simplification of Cryptocurrency Spot ETF Listing
On the 30th, the Chicago Options Exchange (CBOE) submitted a rule change request to the SEC, requesting the removal of approval procedures for individual cryptocurrency spot ETFs.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
