考虑针对数字资产公司提供创新免税方案。 已经要求SEC工作人员探索清晰的监管制度。 美国证券交易委员会（SEC）主席Paul Atkins谈及稳定币立法草案，称：全速推进加密数字货币解决方 案的开发工作。 ...

Core Points - A legislative proposal regarding cryptocurrency has passed a procedural hurdle in the U.S. House of Representatives [1] - Prior to this, the House faced a failure in a procedural vote [1]

美国银行业监管部门就贷款机构持有加密数字货币发布蓝皮书，为传统银行进入加密资产领域提供了新的路线图。 7月14日据媒体报道，美国监管机构发布了新的指导方针，指导银行如何为客户提供加密货币托管服务而不违反规定。此举被 视为自"特朗普2.0时代"以来，监管层在如何引导传统金融涉足数字资产问题上的又一重要动向。 据报道，美联储、联邦存款保险公司和货币监理署联合发布声明，指出若计划提供加密资产保管服务的银行，必须考虑到加 密市场的演变特性及底层技术，并建立能适应相关风险的治理框架。 这一新指引的出台背景，是监管机构在今年4月撤回了此前发布的加密行业相关风险指南。当时，美联储同时废除了一项2022 年的指令，该指令曾要求银行在开展加密资产活动前需提前报备。 如今，这些银行的加密业务将被纳入常规的监管流程中进行监督。此举被市场解读为监管"松绑"的信号，它给予了银行在向 客户提供数字资产产品和服务时更大的自主权，也从此前更为审慎的监管立场上出现了明显转变。 华尔街见闻此前提及，受美国国会将迎来"加密周"并审议三项关键法案的消息提振，市场情绪高涨。比特币周一盘中一度突 破12.3万美元，再度刷新历史纪录后快速回落至12万美元 ...

美联储、美国联邦存款保险公司（FDIC）、以及美国货币监理署（OCC）发布联合声明。 美国银行业监管部门就贷款机构持有加密数字货币（即加密货币抵押品）发布蓝皮书。 ...

加密货币和传统金融将在未来合流。 Robinhood的CEO：加密数字货币是时候超越迷因币（memecoins）了。 ...

Group 1: Trump's Policy Logic - The logic behind Trump's policy is structured, focusing on increasing government revenue through tariffs, promoting manufacturing return, and adjusting tariffs based on industry rather than country [2][3] - The "Big and Beautiful" plan aims to reduce taxes and spending while raising the debt ceiling, with projected federal revenue loss of approximately $4 trillion over the next decade [3] - Deregulation is intended to stimulate the economy by removing banking regulations related to cryptocurrency and expediting government approval processes [3] Group 2: Market and Election Pressures - Market pressure plays a significant role in Trump's policy adjustments, particularly in response to movements in the U.S. Treasury market, with a tendency to ease policies when 10-year Treasury yields rise significantly [4][5] - Election pressures are also a factor, as economic downturns and inflation from tariff wars could negatively impact Trump's voter base, necessitating a softening of tariff policies [6] Group 3: U.S. Treasury Market Dynamics - High U.S. Treasury yields are unlikely to be sustained due to the Federal Reserve's current stance and the need for policy space amid economic uncertainties [8][9] - The long-term outlook suggests that U.S. Treasury yields may exceed nominal economic growth rates, which could suppress economic growth [9][10] - A new framework for long-term Treasury pricing is proposed, incorporating a sovereign risk premium to account for market concerns about U.S. debt [20][22] Group 4: Broader Economic Considerations - The U.S. is seeking new support for the dollar through high-tech exports and controlling supply chains, which may mitigate inflation domestically [23][24] - The U.S. Treasury's debt ceiling situation is critical, with current measures to manage liquidity potentially leading to a "fiscal window" before a new debt agreement is reached [25][26]

比特币缓解了美元承受的压力。 我们已经创造了一个非常强大的产业。 赞赏加密货币带来的就业机会。 美国总统特朗普：加密数字货币是一种非常有意思的东西。 ...

当美元在"特里芬难题"里越陷越深，一些国家的货币则想抓住这轮机遇。 拉加德呼吁，欧洲应夯实"国际货币使用的三个重要基础"——地缘政治基础、经济基础和法律基础，以 提升欧元的全球地位。 今年以来，美元指数已经跌去7.5%，而且关税政策、白宫对美联储的施压，或冲击美元信用和经济前 景，导致美元进入长周期下行区间。美元强势失据之际，欧洲再次对国际储备货币之位发起进攻，但问 题是，欧元有替代美元的潜力吗？当市场不再坚定买美元，哪些资产可能成为替代选项？ "全球欧元时刻"有戏吗？ 据新华社报道，欧洲央行行长拉加德5月26日在德国柏林参加一场活动时指出, 在当前地缘政治环境下， 美元的主导地位面临不确定性，目前美元在全球外汇储备中的占比约为58%，处于1994年以来最低水 平；欧元在全球外汇储备中的占比约为20%。 "拉加德这次的演讲带有宣战（battle cry）的意味。"荷兰合作银行策略师Jane Foley评价道。 在2008年金融危机爆发前，欧洲官员一直抱有挑战美元的雄心，无奈后来的欧债危机浇灭了这种希望 ——欧央行拒绝成为最后贷款人，银行体系趋向"本国化"，成员国主权债风险差异巨大，都极大削弱了 欧元作为单一主 ...

Core Viewpoint - Etoro Group Ltd. (ETOR), a fintech company providing trading services for stocks, cryptocurrencies, ETFs, indices, currencies, and commodities, experienced a significant increase in its stock price on its first day of trading following its IPO, opening nearly 34.02% higher at $69.69, compared to the IPO price of $52 per share [1] Company Summary - Etoro Group Ltd. is a financial technology company that offers a wide range of trading services [1] - The company went public in the United States, marking a significant milestone in its growth trajectory [1] Market Performance - On its IPO debut, Etoro's stock opened at $69.69, reflecting a 34.02% increase from the initial offering price [1] - The IPO price was set at $52 per share, indicating strong investor interest and market demand [1]