U.S. Representative Troy Downing will introduce the Retirement Investment Choice Act this Tuesday, aiming to codify former President Trump’s executive order that allows 401(k) retirement plans to invest in cryptocurrencies and private equity. The bill has reportedly received joint support from four Republican lawmakers. https://t.co/wOkU0d3aQu ...

🇺🇸 NEW: Congressman Troy Downing introduces bill to codify Trump's executive order allowing cryptocurrencies and alternative assets to be included in 401(k) retirement accounts. https://t.co/mXgSsgP5IC ...

Cryptocurrency & Retirement Savings - The bill is expected to "supercharge" the financial security of Americans by exposing their retirement savings to alternative assets [1] - Alternative assets include Bitcoin and other cryptocurrencies [1]

🇺🇸 When Donald Trump suggested renewed friction with China’s President Xi Friday, social media chatter about the topic unsurprisingly spiked across X, Reddit, Telegram, and others. In the chart below:🟦 Social volume of Trump related to Xi, China, tariffs🟥 Social dominance (share of all crypto topics) related to Xi, China, tariffs😱 As the week came to an end, the crowd saw Trump's Truth Social post as a sign of fresh economic tension, sparking a sharp wave of retail selloffs in both crypto and stock markets. ...

Core Insights - The article discusses the importance of due diligence and personal discretion in financial decision-making, emphasizing that the information provided is for educational and research purposes only [1]. Group 1 - The content includes general news, personal analysis, and third-party contributions intended for educational purposes [1]. - It highlights that the information is not a recommendation or advice for any financial actions, including investments or purchases [1]. - The article stresses the necessity for individuals to perform their own due diligence and consult competent advisors before making financial decisions [1]. Group 2 - The website may include advertisements and promotional content, with potential compensation received from third parties [1]. - It clarifies that FX Empire does not endorse any third-party services and is not responsible for users' reliance on such services [1]. - The article warns that cryptocurrencies and CFDs are complex instruments with a high risk of losing money, urging careful consideration before engaging with them [1].

Market Trends - Major cryptocurrencies rebound from steep losses after a brutal weekend selloff [1] - US President Trump sought to quell concerns over the US-China trading relationship [1]

Core Insights - India's regulatory environment for digital currencies is characterized by a preference for Central Bank Digital Currencies (CBDCs) over decentralized cryptocurrencies, despite having the highest grassroots cryptocurrency adoption rate globally [1][2][5] Regulatory Environment - The Indian government is cautious about cryptocurrencies due to concerns over financial stability, illicit activities, and monetary sovereignty, leading to high taxation on crypto transactions [2][7] - Cryptocurrencies are not illegal in India but operate under a heavily taxed framework, with a flat 30% tax on gains from Virtual Digital Assets (VDAs) and additional taxes on transfers and platform fees [6][7] Adoption and Usage - India ranks first in the Chainalysis Global Crypto Adoption Index, driven by a young, tech-savvy population engaging in crypto for trading, savings, and remittances, despite regulatory challenges [4][5] - The Asia-Pacific region, led by India, experienced a 69% year-over-year increase in crypto transaction volume, reaching $2.36 trillion in the year ending June 2025 [4] Central Bank Digital Currency (CBDC) - The digital rupee (e₹) has seen significant growth, with circulation reaching ₹10.16 billion ($122 million) by March 2025, marking a 334% increase from the previous year [10] - The Reserve Bank of India (RBI) advocates for CBDCs as a safer alternative to cryptocurrencies, emphasizing their programmability for welfare transfers and compliance with anti-money laundering laws [12][13] Government Stance - Indian officials have expressed a commitment to developing a fully RBI-guaranteed digital currency, criticizing "unbacked cryptocurrencies" and promoting financial inclusion and faster settlements [11] - Recent discussions have indicated a potential ban on private cryptocurrencies, with officials asserting that CBDCs can fulfill the functions of cryptocurrencies with greater control and reduced risks [9] Global Context - While India maintains a cautious stance on cryptocurrencies, other regions like the U.S. and EU are advancing pro-crypto regulations, highlighting a contrast in regulatory approaches [12] - In neighboring countries like Pakistan, there is a more positive outlook towards crypto and blockchain, although meaningful actions to support the industry are still lacking [15]

Decentralized Exchange (DEX) Integration - MetaMask now natively supports Hyperliquid, facilitating easier speculation on cryptocurrency prices [1] - The integration focuses on the up-and-coming decentralized exchange, Hyperliquid [1]

RT John Wu 🔺 (@John1wu)S&P launches a new crypto index with 15 cryptocurrencies & 35 crypto-related stocks… on Avalanche.More here: https://t.co/VwXlVkKvBO https://t.co/fOVyNSGSLM ...

⚡️ UPDATE: BNB rose 30.3% this week, outperforming the top 5 major cryptocurrencies. https://t.co/3dGCJgHJZg ...