Golden Finance quoted The Guardian as saying that as doubts about the Trump administration’s covert connection to the cryptocurrency industry continue to rise, a senior Democratic member of the US House of Representatives has taken action. Representative Jamie Raskin, the chief Democratic member of the House Judiciary Committee, has demanded that Donald TRUMP disclose the list of attendees at the private dinner he held for major investors of his Meme coin Trump last week.
Just this week, at a grand cryptocurrency conference held in Las Vegas, the Trump administration showed a positive attitude towards the cryptocurrency industry. Against this backdrop, Jamie Raskin from Maryland called on Thursday for an investigation into the private dinner held last week at TRUMP’s golf club in Virginia, which was specifically designed for the main buyers of Trump’s digital tokens.
Raskin seriously pointed out in a letter: “It is crucial to publish this list. The American people have the right to know who has invested tens of millions of dollars in our president. Only in this way can we explore what these huge investments have exchanged for, apart from the almost worthless Meme coins.”
It is worth noting that when US Vice President JD Vance and other senior Trump administration officials showed up in Las Vegas on Wednesday and Thursday to attend the “Bitcoin 2025” conference and vigorously promote the US government’s crypto-friendly policies to industry leaders and investors, Raskin’s investigation call was timely raised, attracting widespread attention.
Republicans in the US House of Representatives have introduced a new version of the digital asset market regulation bill
Golden Finance reports that Republicans in the US House of Representatives have officially launched their latest version of the digital asset market regulation bill – the “Clarity Act of the Digital Asset Market”. This bill aims to establish a regulatory structure for the digital asset market and respond to the demands of the industry over the years.
As the successor to the previous Financial Innovation and Technology Act, the Digital Asset Markets Clarification Act was pushed by senior Republican members of the House Financial Services Committee and the Agriculture Committee. Dusty Johnson, a Republican from South Dakota and the chairperson of the Agriculture Subcommittee, said, “The United States deserves to be the leader in the global digital asset market, but the prerequisite for achieving this goal is to establish a clear and definite regulatory framework.”
This bill grants the Commodity Futures Trading Commission (CFTC) “exclusive regulatory jurisdiction” over the spot market for digital commodities and establishes a special system that allows crypto platforms to independently choose to register with the CFTC or the Securities and Exchange Commission (SEC) based on the nature of the digital commodities or securities they trade.
The bill also covers many important contents: requiring crypto platforms to be regulated by the Bank Secrecy Act; Grant exemption from SEC regulation to some DeFi operations and wallet providers; Prohibit future regulatory agencies from attempting to require custodian companies to record client assets in their own balance sheets; Grant the regulatory authority over part of the transactions of stablecoins paid to existing relevant regulatory authorities.
In addition, the bill requires the CFTC to clearly define the standards for “qualified digital asset custodians” and demands that the SEC, the CFTC, and the Department of the Treasury submit research reports on DeFi within one year. If the bill is passed smoothly, all regulatory rules will come into effect officially within one year.
The head of the SEC’s crypto affairs called for lenient regulation, saying that investors should be held responsible for their own losses
Golden Finance News: Hester Peirce, the head and commissioner of the Crypto Task Force of the U.S. Securities and Exchange Commission (SEC), delivered an important speech at the Bitcoin 2025 conference. She emphasized that regulation should become more lenient and crypto investors need to be held responsible for their own losses.
Hester Peirce made it clear: “You can’t cry to the government for help when things go wrong.” Investors should have the right to make free choices. When problems arise in their investments, they should pick themselves up and learn from them so as to perform better in the next investment. This is the correct path to promote the development of the industry.
She further pointed out that most crypto tokens themselves are not securities, and the relevant trading platforms do not need to register as stock exchanges. For instance, Meme coins are a typical case of “not within the scope of SEC enforcement concerns”. For investors who are keen on hyping Meme coins, she said straightforwardly, “One should approach investment with a mature and responsible attitude.” If you choose to speculate, you will have to bear the corresponding consequences. Once problems arise, don’t complain about the government. At the same time, she added, “It is reasonable for listed companies to hold crypto assets, and I am neutral about this.”
The U.S. Securities and Exchange Commission voluntarily withdrew the lawsuit against Binance
Golden Finance reported that a court document on Thursday local time showed that the US Securities and Exchange Commission (SEC) has voluntarily withdrawn the lawsuit against Binance. The SEC of the United States, Binance and the lawyer of Binance’s founder, Changpeng Zhao, jointly signed a joint withdrawal agreement and submitted it to the federal court in Washington, D.C.
Looking back at 2023, the SEC compared multiple accusations against Binance, including using improper means to exaggerate trading volume, transferring customer funds, failing to effectively restrict the use of the Binance platform by US customers, and misleading investors in terms of market supervision and control. In addition, the SEC also accused Binance of illegally facilitating the trading of several tokens that it regarded as unregistered securities. The SEC’s voluntary withdrawal of the lawsuit has drawn widespread attention from the cryptocurrency industry. The future development trend of Binance in the crypto market is highly anticipated.
The CEO of Tether showcased the asset reserves, claiming that gold competes with fiat currency
Golden Finance News: Paolo Ardoino, the CEO of Tether, disclosed through a presentation of slides at the Bitcoin 2025 conference that the stablecoin issuer currently holds over 100,000 Bitcoins and more than 50 tons of gold.
Ardoino particularly pointed out at the meeting: “Gold is not competing with Bitcoin, but with legal tender.” This view has sparked in-depth discussions within the industry about the complex relationship among gold, Bitcoin and fiat currency. With the continuous development of the cryptocurrency market, Tether’s asset reserve situation and its interpretation of the market pattern are of great reference significance to investors and market participants.
Panama is considering establishing a strategic Bitcoin reserve to allow Bitcoin to cover multiple fees
Golden Finance reports that Panama has made a new move in the cryptocurrency field. The country is considering establishing a strategic Bitcoin reserve and exploring the possibility of using Bitcoin to pay for various fees, including those through the Panama Canal.
Previously, Panama has passed a bill allowing the use of Bitcoin to pay taxes, parking tickets, licenses and other fees. This series of measures demonstrates Panama’s proactive exploration of cryptocurrency applications. With the advancement of relevant policies, Panama is expected to make new progress in the field of cryptocurrency payments and provide a new model for global cryptocurrency applications.
Crypto investment firm Pantera Capital is betting on several listed digital asset enterprises
Golden Finance reported that crypto investment firm Pantera Capital disclosed in an investor briefing that it has placed bets on several publicly listed enterprises that hold a large amount of digital assets. These enterprises include Twenty One Capital, which focuses on Bitcoin, DeFi Development Corp, which focuses on Solana, and Sharplink Gaming, which reserves Ethereum.
Pantera claims that these “digital asset reserve companies” can “provide stock market investors with a cryptocurrency investment channel that does not require direct holding of digital currencies”. Partner Cosmo Jiang pointed out: “These stocks have opened the door to crypto investment for those investors who are still worried about wallet management or exchange risks.” With the continuous innovation of the crypto investment market, such investment models are expected to attract more investors’ attention and inject new impetus into the integrated development of cryptocurrencies and traditional capital markets.
European football giant Paris Saint-Germain announced the inclusion of Bitcoin in its asset reserves
Golden Finance News: A major piece of news has come from the European football world. Football giant Paris Saint-Germain has announced that it will include Bitcoin in its asset reserves. This move marks a further expansion of the application of cryptocurrencies in the sports field, and football clubs have begun to actively explore diversified asset allocation methods. This decision by Paris Saint-Germain not only reflects its recognition of the future value of cryptocurrencies but may also provide a reference for other sports clubs, promoting the wider application of cryptocurrencies in the sports industry.
The legend of cypherpunks predicted that the price of Bitcoin would reach millions of dollars
Golden Finance reports that Adam Back, the legendary figure of cypherpunk and the CEO of Blockstream, has made a bold prediction. He believes that the price of Bitcoin will reach one million US dollars within five years. Buck has a high influence in the industry, and his viewpoints are based on in-depth research and unique insights into the long-term trends of the cryptocurrency market. This prediction has sparked a heated discussion in the market about the future price trend of Bitcoin, with investors and market participants re-examining their investment strategies and expectations for Bitcoin.
Coinbase will add support for Hyperliquid perpetual contracts
Golden Finance reports that Coinbase announced that it will add support for Hyperliquid perpetual contracts on Coinbase International Exchange and Coinbase Advanced. The highly anticipated HYPE-PERP marketplace is scheduled to officially open at 9:30 a.m. (UTC) on or after June 5, 2025. This business expansion by Coinbase will offer users more trading options, further enrich the product range in the cryptocurrency trading market, and is expected to attract more investors to participate in related transactions, thereby enhancing the activity level of the cryptocurrency trading market.
The U.S. SEC stated that the PoS network equity pledge activities do not involve the issuance and sale of securities
Golden Finance reported that the Corporate Finance Division of the U.S. Securities and Exchange Commission (SEC) issued an important statement on May 29. It is clearly pointed out that the “equity pledge activities” in the PoS network do not involve the issuance and sale of securities in the sense of Section 2 (a)(1) of the Securities Act of 1933 or Section 3 (a)(10) of the Securities Exchange Act of 1934.
This means that individuals and entities participating in such activities do not need to register with the SEC for such transactions, nor do they need to apply the registration exemption clause. This statement elaborately covers three types of protocol staking forms: (1) “self-staking” where node operators pledge their own crypto assets; (2) “Self-custody pledge” conducted by asset holders through third-party node operators; (3) A “custody arrangement” where a custodian institution lends out crypto assets on behalf of the client and conducts pledge. The statement document particularly emphasizes that “the equity pledge reward is a service return provided by the PoS network to validators in accordance with its underlying protocol, rather than profits derived from others’ entrepreneurial or management efforts.”
This statement from the SEC provides clear guidance for the compliance of PoS network equity pledge activities and has a significant impact on the development of related businesses in the cryptocurrency industry.
Thailand will ban five unlicensed cryptocurrency trading platforms
On May 30th, it was reported that according to the Securities and Exchange Commission of Thailand, in accordance with the “Technology Crime Prevention and Suppression Act (No. 2)” which came into effect on April 13, 2025, in order to protect the rights and interests of investors and prevent illegal platforms from being used as money laundering channels, Thailand will ban five unlicensed cryptocurrency trading platforms, namely Bybit, 1000X, CoinEx, OKX and XT.COM, starting from June 28, 2025.
The Ministry of Digital Economy and Society of Thailand will be responsible for the specific implementation of the relevant lockdown measures. The Securities and Exchange Commission of Thailand particularly reminds investors holding assets on the above-mentioned platforms to properly handle their assets before the platforms are banned to avoid possible losses. This time, Thailand’s ban on unlicensed cryptocurrency trading platforms demonstrates its determination to strengthen the regulation of the cryptocurrency industry and maintain the stability of the financial market.
On-chain data shows that USDC Treasury has newly minted a large amount of USDC on the Solana chain
Golden Finance reported that according to the monitoring of the on-chain data tracking service Whale Alert, around 8:40 Beijing time, USDC Treasury made significant moves on the Solana chain, newly minting 250 million USDC. This data has drawn market attention to USDC’s layout on the Solana chain and its market impact. The large-scale new minting of USDC may have multiple impacts on the cryptocurrency trading ecosystem on the Solana chain, including but not limited to changes in market liquidity and fluctuations in trading pair prices. Market participants are closely monitoring the subsequent development trends.
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