According to Foresight News, Bo Hines, Executive Director of President Trump's Digital Asset Advisory Council, tweeted that the final bipartisan vote is an important step towards safeguarding the future of American finance. The GENIUS Act will consolidate the dominance of the US dollar, upgrade our payment system, and enable the United States to lead the world in digital asset innovation. Now is the time to consolidate the leadership position of the United States and pass this historic legislation
According to the official website of the SEC, US SEC Commissioner Caroline A. Crenshaw gave a speech at the "SEC Speaks" conference, warning that the current regulatory environment is entering a "dangerous building block game", continuously weakening key rules and enforcement, which may shake the market foundation. She pointed out that phenomena such as lax regulation of stablecoins, withdrawal of enforcement, and staff turnover may repeat the regulatory failures before the 2008 financial crisis, ultimately causing ordinary investors to pay a price. Crenshaw calls for a restoration of emphasis on the integrity of the SEC system to avoid future mistakes.
Odaily Planet Daily News: According to Onchain Lens monitoring, a giant whale deposited 186002.69 SOLs worth approximately $31.08 million into Coinbase after staking for 10 months. The giant whale initially pledged 174479.2 SOLs worth $31.9 million, during which it gained a profit of 11540 SOLs, but still incurred an overall loss of approximately $823000.
According to SoSoValue data, most sectors in the cryptocurrency market rose today, with ETH rebounding by 4.27% to above $2500 and BTC rising to $106000. The DeFi sector rose 2.34%, while CRV and AAVE rose 6.75% and 17.19% respectively; The RWA sector rose 1.29%, while MKR and PENDLE rose 4.21% and 7.51% respectively; CeFi, Layer1, Meme, Layer2, and PayFi sectors also saw varying degrees of growth.
According to Bloomberg, Paul Grewal, the legal director of Coinbase, received a total salary of over $8.2 million in 2024, while Daniel Gallagher of Robinhood received $8.6 million, tied for the top spot in high paying legal positions for fintech companies. Both companies have increased executive compensation through significant stock incentives. Coinbase board member and renowned lawyer Paul Clement also received a salary of over $850000. In addition, Circle Legal Director Heath Tarbert has accumulated nearly $30 million in revenue since taking office in 2023.
