According to Eleanor Terrett, U.S. Senate Banking Committee Chairman Tim Scott, along with Senators Lummis, Hagerty, and Moreno, have jointly released the much-anticipated market structure discussion draft. This draft was delayed due to House proceedings and covers issues such as token classification, regulatory fragmentation, banking operations, information disclosure, and illicit finance, further refining the content based on the CLARITY Act passed by the House and the Lummis-Gillibrand proposal. The senators also publicly solicited opinions on 35 topics, including SEC/CFTC regulatory authority, stablecoins, custody, investor protection, DeFi exemptions, and “pig butchering” scams.
U.S. Senator Cynthia Lummis tweeted that the U.S. has been leading the world in financial innovation and has not slowed down. Lummis stated that she looks forward to working with the industry and both parties to develop market structure legislation that is favorable to digital assets, encourages innovation, and protects consumers.
3, Goldman Sachs expects the Federal Reserve to cut interest rates starting in September due to a slowdown in the job market.
On July 22, Goldman Sachs predicted that the Federal Reserve would keep interest rates unchanged next week and begin to cut rates in the remaining three meetings of 2025, as the slowing job market puts pressure on policymakers. Current private sector hiring is nearing a “standstill pace,” with risks of a further slowdown; meanwhile, consumer spending has stagnated for six consecutive months, which is extremely rare outside of an economic recession. Goldman Sachs also expects the Federal Reserve to cut rates two more times in early 2026. -Original text
According to CME’s “FedWatch”: The probability of the Federal Reserve maintaining interest rates in July is 95.3%, while the probability of a 25 basis point rate cut is 4.7%. The probability of the Federal Reserve maintaining interest rates in September is 40.3%, the cumulative probability of a 25 basis point rate cut is 57%, and the cumulative probability of a 50 basis point rate cut is 2.7%. -Original text
U.S. President Trump stated that the United States has reached a trade agreement with Indonesia, which will impose a 19% tariff on Indonesian goods. Indonesia will supply key minerals to the U.S., and Indonesia will eliminate 99% of tariff barriers. Indonesia will purchase Boeing aircraft, U.S. agricultural products, and energy.
On the 22nd local time, the International Monetary Fund released a report stating that the Trump administration’s practice of imposing import tariffs on almost all trading partners may further significantly impact the global macroeconomy. The report pointed out that the United States’ imposition of tariffs will reduce global demand in the short term, leading to rising import prices and further exacerbating inflationary pressures. In addition, the uncertainty surrounding the tariffs may weaken consumer and business confidence, increasing volatility in financial markets. The report noted that the U.S. imposition of tariffs could lead countries to respond to the worsening trade imbalance by further raising trade barriers, which could exacerbate geopolitical economic fragmentation, resulting in lasting damage to the global economy.
The UK Office of Financial Sanctions Implementation (OFSI) has released a report stating that since 2022, UK encryption asset companies are likely to have inadequately reported violations of financial sanctions, with most violations occurring unintentionally and involving direct or indirect transactions with sanctioned individuals or entities. Since August 2022, suspected sanction violations must be reported to OFSI. The report also warns that UK encryption companies face high-risk attacks from North Korean hackers, who often act on behalf of sanctioned parties. The report shows that since 2022, over 7% of the suspected violations reported to OFSI involve encryption asset companies. Since the outbreak of the Russia-Ukraine conflict in 2022, the UK and several other countries have explicitly extended the scope of sanctions to the cryptocurrency sector. Currently, there are 55 encryption companies registered with the Financial Conduct Authority in the UK, but the specific number of violating companies has not been disclosed.
At 21:18 Beijing time, two Bitcoin Trust addresses under Grayscale transferred 235.99 and 78.66 BTC to Coinbase Prime, totaling 314.65 BTC, equivalent to approximately 37.57 million USD at current prices. -Original text
The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin ()