The CFTC initiates the development of cryptocurrency related rules amidst legislative stagnation in Congress.

Bitmine Chairman Tom Lee stated that even if the CLARITY bill fails to pass, the cryptocurrency market will continue to rise, and market demand is more important than a single bill. The original plan of the CLARITY Act was to establish a regulatory framework for the cryptocurrency industry and empower the US Commodity Futures Trading Commission (CFTC) with regulatory responsibilities. Even if the bill fails, the US Securities and Exchange Commission (SEC) and CFTC will still serve as the main federal regulatory agencies for the cryptocurrency industry. Tom Lee uses forecasting and sports markets as examples to illustrate how these areas continue to grow despite regulatory uncertainty.

From the late night of the 18th to the early morning of the 19th Japanese time, the Japanese yen exchange rate rose sharply, reaching the latter half of the level of 1 US dollar to 156 Japanese yen. The Bank of Japan has implemented an exchange rate check that asks market participants about the exchange rate level, and the market's vigilance towards the Japanese government and the Bank of Japan's intervention in buying Japanese yen and selling US dollars has increased. (Source: Nikkei News)

The Beijing Municipal Bureau of Economy and Information Technology and the Development and Reform Commission have released an action plan for 2026-2028, which calls for accelerating the iteration of basic models to enhance model capabilities, enforcing model and chip adaptation and optimization, supporting the research and development of inference specific chips, model lightweighting, and edge deployment, and guiding the high-level construction and collaborative use of intelligent computing resources to improve token production capacity.

The Beijing Municipal Bureau of Economy and Information Technology and the Beijing Municipal Development and Reform Commission have released an Action Plan to Accelerate Token Economy Development (2026-2028), which supports software and information service enterprises to build token distribution platforms that benchmark international best practices, promote cross model, cross modal, and cross regional access to the platform, and achieve unified API, model aggregation, token measurement, and settlement services. At the same time, the token distribution platform will be included in the new infrastructure plan.