[U.S. Senators: Crypto Market Structure Bill Expected to Pass This Year] According to a report by Jinse Finance, U.S. Senators Cynthia Lummis and Kirsten Gillibrand stated that bipartisan efforts to advance crypto market structure legislation are ongoing, with hopes of completing it by the end of the year. Previously, the Senate Banking Committee had set a target for the end of September, but progress has been delayed to October or even year-end. Gillibrand emphasized that Congress is currently facing fiscal cliff negotiations and that legislation should not be bound by 'artificial deadlines,' adding that no 'red lines' have been drawn in the negotiations. Lummis, on the other hand, stated that 'it must be completed by the end of the year,' likening the process to being 'pregnant for four years.' Democrats proposed that the bill should include consumer protections, delineation of regulatory authority, and ethical provisions, such as prohibiting the President, Vice President, and their families from profiting from crypto projects to avoid conflicts of interest. Gillibrand stressed that an ethical perspective is crucial for building trust in the industry, while Lummis argued that restrictions on officials' investments should be legislated alongside other securities, rather than singling out cryptocurrencies.

OKX - AVAX is currently priced at $29.08, with a 24-hour increase of 11.85%. 24-hour transaction volume of 3 billion US dollars, up 78.84%, for reference only

[Texas Man's Crypto Ponzi Scheme Bankruptcy Exemption Rejected] The U.S. Texas Bankruptcy Court has rejected Nathan Fuller's request for bankruptcy exemption, requiring him to bear over $12.5 million in debt in full. Fuller previously operated the crypto investment firm Privvy Investments LLC, which was accused of running a Ponzi scheme and misusing investor funds. An investigation by the U.S. Trustee Program (USTP) revealed that he concealed assets, forged documents, and obstructed bankruptcy proceedings. The court ultimately denied his debt exemption application.

The current price of ETH is $4325.88, with a 0.74% increase in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 1 hour was 19.46 million US dollars, with multiple orders being the main liquidation and 7.09 million US dollars (36.43%) of ETH liquidation. The data is for reference only.

[U.S. Department of Labor Launches Review of Bureau of Labor Statistics Data Issues] The Office of the Inspector General of the U.S. Department of Labor has announced the launch of a review to evaluate the challenges faced by the Bureau of Labor Statistics in economic data collection and reporting. Previously, the Bureau of Labor Statistics reduced the collection of CPI and PPI data and significantly revised downward the estimated number of new jobs in the Employment Situation Report.