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According to Cointelegraph, the Cato Institute, a U.S. think tank, released a report stating that the U.S. government should eliminate the capital gains tax on Bitcoin and other cryptocurrencies to make it easier for cryptocurrencies to be used as everyday currency and to promote fair competition among different currencies.Currently, U.S. tax law treats Bitcoin as a capital asset, triggering a taxable event when users pay for goods or services with Bitcoin, requiring the calculation and reporting of capital gains. This results in even small everyday purchases potentially generating hundreds of pages of tax documents, significantly increasing the compliance burden. Cato aims to remove the current U.S. tax policy barriers to the use of cryptocurrencies as currency. Cato researcher Anthony emphasized, "Congress should simplify the tax code so that ordinary Americans can easily fulfill their obligations, which will greatly alleviate the pressure of tax season and create a more competitive economic environment."According to a 2025 survey, 39% of U.S. cryptocurrency holders have used crypto assets to purchase goods and services, and currently, about 11,000 merchants worldwide accept Bitcoin payments.

According to official news, Coinbase has included Diem (DIEM) and Opengradient (OPG) in its listing roadmap.

According to CoinDesk, U.S. Representatives Steven Horsford and Max Miller have reintroduced the "Digital Asset Protection, Regulation, Innovation, Taxation, and Revenue Act" (PARITY Act), aimed at revising the way the IRS handles cryptocurrency taxation.The bill was first released for discussion in December last year and was reintroduced on March 26 this year for further consideration. The bill removes the previous $200 de minimis exemption threshold for small transactions and stipulates that when trading with regulated payment stablecoins, gains or losses are not recognized unless the taxpayer's cost basis in the stablecoin is less than 99% of its redemption value, and sets a $1 recognized cost basis for exchange transactions.The bill also applies wash sale rules to digital asset transactions and distinguishes between "passive staking" and trading activities. It is currently unclear what the next steps for the bill will be, but industry insiders expect a strong push to incorporate cryptocurrency provisions into tax legislation that may become law.

Paul Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), stated on social media, "The design goal of Project Crypto is that once Congress takes action, the SEC and CTFC will be ready to implement the CLARITY Act. Treasury Secretary Basant is right: it's time for Congress to plan for future regulatory safeguards and advance comprehensive market structure legislation to President Trump's desk."

U.S. Treasury Secretary Scott Bessenet wrote that the United States has long dominated global financial market regulatory standards, but this leadership is not a given. He urged Congress to pass the Clarity Act as soon as possible to establish a clear regulatory framework for digital assets.Bessenet cited data indicating that the global market value of digital assets has fluctuated between $2 trillion and $3 trillion over the past year, with about one-sixth of Americans holding some form of digital asset. The application of blockchain technology in payments, settlements, and physical asset exchanges continues to expand. He emphasized that cryptocurrency is no longer a niche experiment but a technology widely adopted globally, and the U.S. must take proactive measures to continue leading in the formulation of rules in this field.

UBS stated that it has lowered its gold price forecast for the end of June to $5,200 per ounce, citing a cooling in investor demand amid increased market volatility.

According to Jinshi reports, Morgan Stanley has downgraded its global stock rating from overweight to neutral, and upgraded its ratings for U.S. Treasuries and cash from neutral to overweight. The institution pointed out that there is uncertainty regarding the scale and duration of oil supply disruptions, which means that the trends of risk assets have become increasingly asymmetric.

Crypto journalist Eleanor Terrett revealed that the office of U.S. Senator Thom Tillis plans to publicly release legislative text related to stablecoin yields and reward mechanisms next week, and is currently in ongoing communication with various industry stakeholders.According to reports, this move comes in response to dissatisfaction expressed by participants in the crypto industry, such as Coinbase, regarding the relevant terms presented earlier this week. Coinbase's Global Head of Investment Research, David Duong, stated that the industry is preparing a coordinated counter-proposal aimed at pushing for adjustments to the terms to protect users while maintaining a sustainable reward mechanism.

U.S. lawmakers have introduced the PREDICT Act, which aims to prohibit the President, members of Congress, and other senior government officials from participating in prediction market trading.The bill was jointly proposed by Adrian Smith and Nikki Budzinski and aims to restrict the use of insider information in prediction activities related to political events or policy outcomes, extending its scope to the spouses and family members of the relevant personnel. The bill also proposes a penalty of 10% of the total contract value for violations, with all profits being forfeited to the U.S. Treasury.

According to market news, U.S. Democratic Representative Alexandria Ocasio-Cortez has officially called for the removal of Trump from office under the 25th Amendment of the Constitution. The 25th Amendment of the U.S. Constitution states that if the president is unable to perform the duties of office, the vice president shall assume those powers.

Citigroup has lowered its price expectations for Bitcoin and Ethereum against the backdrop of stalled progress on the cryptocurrency market structure bill. Citigroup has revised its 12-month Bitcoin price forecast in the "baseline scenario" from $143,000 to $112,000, while lowering its Ethereum forecast from $4,304 to $3,175.Additionally, the forecasts under different scenarios are as follows: 1. Pessimistic scenario: If a recession occurs, Bitcoin could drop to $58,000, and Ethereum may fall to $1,198; 2. Optimistic scenario: Driven by strong end-investor demand from channels like ETFs, Bitcoin could rise to $165,000, and Ethereum could reach $4,488. Alex Saunders, head of Citigroup's research, stated, "The improvement of the regulatory framework is expected to promote the adoption of Bitcoin and inflows of funds, but the likelihood of the U.S. completing relevant legislation this year is decreasing."

OnGreen, the Web3-enabled platform bridging green technology with MENA's transformation needs, today announced the appointment of Abbie Tsang as an Advisor. Abbie brings over 15 years of business development leadership, most notably as Head of SME Business Development at American Express Hong Kong, where she delivered 190% portfolio growth and consistently exceeded sales targets by 275%. A Certified ESG Planner, Abbie merges growth strategy with sustainability metrics, helping organizations unlock new market opportunities while mitigating risk. Her expertise spans go-to-market strategy, strategic partnerships, and purpose-led client solutions. At OnGreen, Abbie will lead partnership expansion, connecting ESG experts, industry associations, investors, and enterprises. She will advise on B2B client acquisition and spearhead commercialization of OnGreen platform's cutting-edge suite of services. "I have spent my career helping businesses grow by aligning commercial strategy with market needs," said Abbie. "What excites me about OnGreen is applying this experience to something truly transformative. By bringing together ESG expertise, strategic partners, and enterprise clients, we can accelerate OnGreen's technology adoption across MENA—creating synergy that delivers both environmental impact and tangible business value."

Trump stated on social media that yet another fake news media outlet deliberately fabricated a misleading headline regarding the situation of five refueling aircraft shot down at an airport in Saudi Arabia, but this information is completely useless.In fact, the base was hit days ago, but those planes were not "shot down" or "destroyed." Four of them were barely damaged and have already returned to flight capability. One was damaged more severely, but it will soon be back in operation. Not a single one was destroyed or close to being destroyed, as the fake news media claimed in their headlines. The New York Times and The Wall Street Journal (especially these two media outlets) and other such inferior "newspapers" and media actually hope we lose this war. Their terrible reporting is completely contrary to the actual facts! They are truly pathological and insane people who do not understand the damage they are causing to America.Fortunately, as demonstrated by our great and decisive electoral victory in 2024, the people of our nation have a far better understanding of what is happening than those fake news media.

The Bitcoin Policy Institute warns that the U.S. Congress has only a few months left to pass a micro-exemption policy for small Bitcoin transactions. The organization has met with 19 congressional offices to promote this change.

OnGreen, a platform connecting global green technology with the transformation needs of the Middle East and North Africa (MENA), announced that its co-founder Zhang Yu (Martin Zhang) has officially assumed the role of Chief Green Officer (CGO). This appointment will further strengthen OnGreen’s capability in executing and implementing ecological restoration and sustainable agriculture projects. Zhang Yu has more than 20 years of practical experience in sustainable agriculture and desertification control. He has been recognized as a “Lifelong Expert in Desertification Control” by the Chinese Academy of Sciences, and has led multiple national-level agricultural demonstration projects in Hebei, Shanxi, Gansu, and Qinghai. Zhang Yu stated: “At the OnGreen platform, I hope to bring these experiences to the international stage. By combining physical technologies with the Web3 financial layer, we can accelerate the green transformation of the Middle East and make deserts the foundation of sustainable civilization.” This appointment comes as OnGreen accelerates the development of its Oasis Journey model. The model integrates desertification control, low-carbon construction, AI optimization, and real-world asset (RWA) tokenization, and will align with regional strategic initiatives such as the Saudi Green Initiative and UAE Net Zero 2050. OnGreen is the Web3-enabled green technology platform transforming the Middle East and North Africa region from Sand to Seed, Brown to Green, Desert to Oasis. Through blockchain-verified impact measurement and the Oasis Journey ecosystem model, OnGreen creates transparent, accessible, and community-driven environmental transformation. The platform's ESG Token, Carbon Credit Registry and Green Asset Exchange shall provide the digital infrastructure for MENA's transition to a sustainable economy.

Investment bank TD Cowen stated that the U.S. Congress may be close to passing legislation to permanently prohibit the Federal Reserve from issuing a Central Bank Digital Currency (CBDC). This move could benefit stablecoin issuers but may also introduce new complexities for cryptocurrency market structure legislation.Last week, U.S. Senator Ted Cruz proposed an amendment in the housing bill "21st Century ROAD to Housing Act," calling for a permanent ban on the Federal Reserve issuing CBDC. The amendment aims to convert the currently effective temporary ban, which lasts until 2030, into a permanent provision. The housing bill is expected to be submitted for a Senate vote as early as this week.Jaret Seiberg, Managing Director of TD Cowen's Washington research department, indicated that the housing bill ultimately submitted for the president's signature is likely to include this ban, and the possibility of a permanent ban is higher than that of a temporary one. Seiberg pointed out that the amendment is primarily aimed at solidifying the current policy stance.The Federal Reserve has repeatedly stated that it will not issue a digital dollar without explicit authorization from Congress. Meanwhile, several U.S. lawmakers have recently co-signed a letter to congressional leadership, urging for a permanent ban on CBDC. Congressman Ralph Norman stated that unlike cash, CBDC could allow the government to track transactions and monitor individual spending behavior, thus a permanent ban is necessary to protect the privacy and freedom of Americans.It is noteworthy that the U.S. House of Representatives passed the "Anti-CBDC Surveillance State Act" last year, which prohibits the Federal Reserve from directly issuing CBDC to individuals. Cruz has also been actively pushing for similar legislation in the Senate.

The U.S. Treasury Department, in its report on the GENIUS Act submitted to Congress, suggested that Congress consider creating a "hold law" for digital assets. This proposal aims to provide a legal safe harbor for crypto platforms, allowing them to temporarily and voluntarily freeze digital assets suspected of illegal activity during investigations.Ari Redbord, policy director at TRM Labs, stated that this legislation would give law enforcement time to address the rapid nature of blockchain transactions. Although the Bank Secrecy Act protects institutions that submit suspicious activity reports, there is currently a lack of clear statutory provisions authorizing platforms to freeze funds without a court order. The report noted that this move would strengthen public-private partnerships in combating crypto fraud and money laundering.

The U.S. Treasury submitted a 32-page report to Congress stating that cryptocurrency mixers can be used for legitimate financial privacy purposes, allowing users to protect sensitive information such as personal wealth, business payments, or charitable donations. This stance marks a shift from its attitude when sanctioning Tornado Cash in 2022.The report reveals that North Korean cybercriminals stole at least $2.8 billion in digital assets between January 2024 and September 2025, including $1.5 billion stolen from Bybit, and regularly used mixers for multi-step money laundering. Since May 2020, over $1.6 billion in mixer deposits have flowed into cross-chain bridges, with more than $900 million concentrated in a bridging protocol related to North Korean money laundering activities.The report distinguishes between custodial and non-custodial mixers, noting that compliant custodial mixers can provide customer identity and off-chain transaction data, but it did not recommend imposing new restrictions on non-custodial mixers. In terms of legislative recommendations, the report urges Congress to create a digital asset-specific "freezing law" to provide safe harbor protection for financial institutions to temporarily freeze suspicious assets during short-term investigations, and suggests that Congress clarify which DeFi participants should bear anti-money laundering obligations.The report also proposes adding a "sixth special measure" to Section 311 of the USA PATRIOT Act, authorizing the Treasury to impose bans or restrictions on specific digital asset transfers that do not involve agency banking relationships. This report was prepared based on Section 9 of the GENIUS Act signed in July 2025.

According to CCTV News, Dong Jin, a representative of the National People's Congress and the director of the Beijing Microchip Blockchain and Edge Computing Research Institute, stated that China's independently developed underlying blockchain technology has been applied in 16 central ministries and 27 central enterprises, achieving positive progress in areas such as taxation, cross-border trade, and global payments.Every year, hundreds of billions of invoices are "run" on the independent blockchain in our country, with over 300,000 enterprises in cross-border trade on the blockchain, and the trade amount reaching trillions of yuan.

According to CoinDesk, despite the Clarity Act being stalled in Congress, the Trump administration is providing regulatory clarity for the crypto industry through executive actions.Analyst Brady Dale pointed out that Trump's appointment of Paul Atkins as SEC chairman could be a decisive move, as Atkins, a seasoned regulatory expert, has clearly stated that the SEC has the authority to establish the necessary rules for the crypto industry without waiting for congressional legislation. The appointment of new CFTC chairman Michael Selig further ensures coordination between the two major regulatory agencies. The two agencies are expected to submit draft rules this fall and finalize them in the spring of 2026, which will establish dedicated rules for decentralized financial networks for the first time, allowing exchanges to operate in compliance and making token sales possible.