On Thursday local time, a federal appellate court suspended the ruling of a group of judges that had forced the suspension of several tariffs imposed by Trump on international trading partners. The United States Court of Appeals for the Federal Circuit said in a brief ruling: “The judgments and permanent injunctions made by the Court of International Trade in these cases will be temporarily suspended until further notice. At the same time, this court will consider whether the execution of the rulings should be suspended for a longer period.”
This decision will postpone the ruling of the lower court at least until June 9th. At that time, both sides will submit legal arguments on whether the case should be suspended, and the appellate court will also weigh the issues in the case. Previously, a judge of the US Court of International Trade ruled yesterday that the International Emergency Economic Powers Act, which Trump cited in multiple executive orders, did not “grant the president unlimited tariff powers”.
Powell met with Trump, focusing on economic development issues
According to the official announcement of the Federal Reserve, at the invitation of US President Trump, Federal Reserve Chair Powell met at the White House today. The two sides discussed issues related to economic development, covering topics such as economic growth, employment and inflation. Chair Powell did not provide specific expectations for the monetary policy outlook during the meeting. He merely emphasized that the policy path would be determined entirely based on future economic data and its impact on the economic outlook.
Finally, Powell pointed out that he and his colleagues on the Federal Open Market Committee (FOMC) will formulate monetary policy in accordance with the law to promote maximum employment and maintain price stability. All decisions will be based on prudent, objective and politically undisturbed analysis.
The US SEC has clearly defined the nature of three types of equity pledge activities
The Corporate Finance Division of the U.S. Securities and Exchange Commission (SEC) issued a statement on May 29, pointing out that “equity pledge activities” in PoS networks It does not involve the acts of offering and selling securities as defined in Section 2 (a)(1) of the Securities Act of 1933 or Section 3 (a)(10) of the Securities Exchange Act of 1934. Individuals and entities participating in such activities do not need to register this transaction with the SEC, nor do they need to apply the registration exemption clause.
The statement elaborately covers three types of protocol staking forms: The first is “self-staking” where node operators pledge their own crypto assets; The second is the “self-custody pledge” conducted by asset holders through third-party node operators; The third type is the “custody arrangement” where the custodian institution lends out crypto assets on behalf of the client and conducts pledge. The statement document also particularly emphasizes that “the equity pledge reward is the return for the PoS network to provide services to validators in accordance with its underlying protocol, and does not come from the profits generated by others’ entrepreneurial or management efforts.”
Republicans in the US House of Representatives have introduced a new bill for regulating digital assets
Republicans in the US House of Representatives have officially launched the latest version of the digital asset market regulation bill – the “Clarity Act on Digital Asset Markets”, aiming to establish a regulatory structure for the digital asset market and respond to the long-standing demands of the industry. As the successor to the previous Financial Innovation and Technology Act, the bill was promoted by senior Republicans on 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 only if a clear and definite regulatory framework is established.” The bill grants the Commodity Futures Trading Commission (CFTC) “exclusive regulatory jurisdiction” over the spot market of digital commodities and establishes a special system, allowing 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.
In addition, the bill also includes important contents such as requiring crypto platforms to be regulated by the Bank Secrecy Act, granting exemption from SEC regulation to some DeFi operations and wallet providers, prohibiting future regulatory authorities from requiring custodiums to record customer assets in their balance sheets, and granting existing relevant regulatory authorities the regulatory authority over some transactions of stablecoins. At the same time, the bill requires the CFTC to clearly define the standards for “qualified digital asset custodians” and demands that the SEC, the CFTC, and the Treasury Department 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 Uniswap Foundation funds the development of cross-chain LP migration protocols
The Uniswap Foundation announced that it will provide funding to the development team of the cross-chain LP migration protocol ChainHopper. This protocol supports one-click migration of Uniswap liquidity provider (LP) positions to different EVM chains and will also facilitate the migration of liquidity to Unichain and the upcoming Uniswap v4.
Currently, if users want to transfer their LP positions to other chains, they need to go through a series of cumbersome steps, including removing liquidity, bridging tokens across chains, waiting for confirmation, and rebuilding positions on the target chain. To help users manage their LP positions more efficiently, the Uniswap Foundation has provided Melio with $235,000 to develop the ChainHopper protocol, which is currently available on the Ethereum mainnet, Unichain, Base, Arbitrum and Optimism.
The CEO of Tether announced the company’s asset reserve situation
Paolo Ardoino, the CEO of Tether, presented slides at the Bitcoin 2025 conference and revealed that the stablecoin issuer currently holds over 100,000 Bitcoins and over 50 tons of gold. Ardoino pointed out: “Gold is not competing with Bitcoin, but with fiat currency.”
On-chain data shows that whales have purchased a large amount of Bitcoin
According to the monitoring of on-chain analyst @ali_charts, whales have purchased more than 20,000 Bitcoins in the past 48 hours. Meanwhile, SOL Strategies, known as the “SOL version of microstrategy”, announced that it would acquire 26,478 SOL tokens for $4.7 million on May 26th, with an average price of $177.5 per SOL.
U.S. Treasury Secretary Basent disclosed the progress of the trade agreement
U.S. Treasury Secretary Basent said that the president has the power to set the U.S. trade agenda. Trading partners are cooperating with the United States in good faith. Their attitudes have remained unchanged in the past 48 hours and several major agreements are about to be reached. Furthermore, the United States has received a large amount of funds from tariff revenues, and the federal budget deficit this year will be less than that of last year.
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