Compiled by: Jerry, ChainCatcher
Key News:
- US House of Representatives to Designate Week of July 14 as "Crypto Week", to Advance GENIUS Stablecoin Act and Two Other Legislations
- Tornado Cash Co-Founder to Appear in New York Court on July 14, Facing Money Laundering and Conspiracy Charges
- Binance Alpha to List Chainbase (C) on July 14 and Launch Airdrop
- US to Release June CPI Data on July 15 at 20:30
July 14 (Monday)
According to DLNews, the House of Representatives plans to launch "Crypto Week" on July 14, reviewing three important legislations including the Genius Act, Payment Stablecoin Clarity Act, and Anti-CBDC Surveillance State Act.
The Genius Act will set federal standards for USD-backed stablecoins, with issuers above the $10 billion threshold facing regulation from the Federal Reserve and Office of the Comptroller of the Currency. The Payment Stablecoin Clarity Act will establish a federal stablecoin regulatory framework, while the Anti-CBDC Surveillance State Act aims to permanently prohibit the Federal Reserve from issuing retail central bank digital currency.
Crypto lawyer John Deaton stated that once the bill is signed into law, the possibility of government policy changes will significantly decrease. The market is currently closely watching the voting results, which are seen as a critical moment in determining the direction of US crypto regulation.
According to Cointelegraph, Tornado Cash cryptocurrency mixing service co-founder and developer Roman Storm will appear in New York court on July 14, facing money laundering and conspiracy charges.
Less than two weeks before the US criminal trial, Storm stated in a video interview that his legal team intends to address allegations of personally profiting from illegal funds through his role at Tornado Cash. However, he refused to disclose whether he will testify in his own defense, saying he currently has no 100% answer regarding charges of money laundering, operating an unlicensed money transfer institution, and conspiring to violate US sanctions.
Storm has been prosecuted by US authorities since 2023, about a year after the Office of Foreign Assets Control sanctioned addresses associated with Tornado Cash. Government agencies stated that the mixing service facilitated money laundering of cryptocurrencies stolen by North Korean hackers.
Plasma: XPL Public Sale to Begin on July 17, Deposits and Withdrawals to be Locked on July 14
The stablecoin project Plasma announced on social platforms that the XPL public sale will officially begin on July 17, with deposits and withdrawals to be locked on July 14 (72 hours before the sale). This is users' last chance to withdraw, and vault deposits cannot be used for this quota sale. All deposits will remain locked for at least 40 days after the sale ends.
Binance Alpha to List Chainbase (C) on July 14 and Launch Airdrop
Binance Alpha announced that it will list the Chainbase (C) platform project on July 14. Eligible users can claim airdrops through Binance Alpha points on the Alpha event page after trading opens. The official statement says more details will be announced soon, and users can follow Binance channels for the latest information.
July 15 (Tuesday)
US to Release June CPI Data on July 15 at 20:30
The US will release June CPI data at 20:30 Beijing time on July 15.
July 17 (Thursday)
WLFI Token Transferability Proposal Currently Supported at 99.93%, Voting to End on July 17
According to the official page, the WLFI token transferability proposal has been open for community voting, with current support at 99.93%. Voting will end on July 17.
The proposal aims to seek community opinion and formally initiate token transferability. If approved, the team will start distributing tokens to eligible early supporters and launch community governance through a second vote to decide on the unlocking of remaining tokens.
