Mukesh Nayak

@mukeshnayak

205 Following

43 Followers

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🇺🇸 Trump’s Crypto Council Head Bo Hines: GENIUS heads to the President’s desk. Clarity moves to the Senate. Time to make America the Crypto Capital of the World.

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🚨 Major moves ahead in US next week 🇺🇸 🔹 Senate Banking Committee to drop revised market structure draft 🔹 House subcommittee reschedules crypto tax hearing for July 16 🔹 Floor votes happening on: • GENIUS Act → Heads to Trump • CLARITY Act → Moves to Senate • Anti-CBDC Surveillance State Act → Moves to Senate

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JUST IN: 🇺🇸 US Treasury officially scraps controversial crypto tax reporting rule for DeFi platforms 🔥

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JUST IN: 🇺🇸 Senate Banking Committee outlines clear principles for crypto market structure legislation: 1️⃣ Define what’s a security vs. commodity 2️⃣ Support modern trading infrastructure 3️⃣ Ensure illicit finance protections 4️⃣ Protect investors and foster innovation

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BREAKING: 🇺🇸 Donald Trump’s Truth Social files for a Crypto Blue Chip ETF with the SEC. The ETF will invest in a basket of crypto: 70% Bitcoin, 15% Ether, 8% Solana, 5% Cronos, and 2% XRP.

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BREAKING: Trump Sends Tariff Ultimatums to South Korea 🇰🇷 & Japan 🇯🇵 Effective August 1, 2025, the U.S. will impose a 25% tariff on all Korean & Japanese imports — unless they: • Eliminate trade deficits • Remove tariffs, non-tariff policies & trade barriers • Shift manufacturing to the U.S. Tariffs may go higher if they retaliate. Trump calls the current trade setup non-reciprocal and a national security threat.

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BREAKING: 🇺🇸 Elon Musk forms new political party – "America Party"

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JUST IN: 🇹🇷 Turkey blocks 46 crypto sites including major DEX PancakeSwap in sweeping crackdown on “unauthorized” platforms.

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BREAKING: 🇷🇺 Russian defense giant Rostec to launch Ruble-pegged stablecoin on Tron and a digital payment platform in 2025

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JUST IN: 🇺🇸 Trump’s Crypto Council Head Bo Hines says crypto market could hit $15–$20T if stablecoin legislation passes.

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JUST IN: 🇺🇸 SEC Chair Paul Atkins says tokenization is a major innovation and vows to end regulation-by-enforcement. “My goal is transparency and a firm foundation for innovation.”

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🇿🇦 South Africa’s state-owned power company Eskom eyes #Bitcoin mining to boost revenue amid soaring debt.

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JUST IN: 🇺🇸 Treasury Secretary Bessent says work is underway to select Fed Chair Powell’s successor. Bessent adds he’s open to the role: “I will do what the President wants.”

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Breaking : One Big Beautiful Bill advanced in the Senate with a procedural vote of 51-49. The bill still requires a final Senate vote, and any changes would need House approval. Senate Republicans aim to pass it by July 4, 2025

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🇺🇸 Ripple officially ends its legal battle with the SEC. ✅ XRP is not a security. ✅ Retail and secondary market sales are legal. 🔒 Institutional sales were ruled as unregistered securities and remain restricted. Ripple will pay a $125M fine and shift focus to: • Expanding global payment corridors • Boosting XRP Ledger adoption • Building the “Internet of Value”

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🇺🇸 Trump says US must lead in crypto: “If we didn’t have It, China would” 🔸 Calls #Bitcoin a powerful American industry 🔸 Credits his role in boosting adoption 🔸 Says crypto is easing pressure on the dollar & creating jobs

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BREAKING: 🇮🇳 India to release long-awaited crypto discussion paper by July. 🔹 Inspired by US & G20 frameworks 🔹 May classify Bitcoin, stablecoins & altcoins separately 🔹 Remittances seen as key stablecoin use-case Source: Moneycontrol

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JUST IN: 🇺🇸 Federally regulated prediction market Kalshi raises $100M+ at $1B+ valuation — led by crypto VC giant Paradigm.

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JUST IN: 🇺🇸 Powell says the reason for no rate cuts is that both Fed and external forecasts see a meaningful rise in inflation this year.

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NEW: 🇺🇸 DTCC — the key player behind clearing & settling most U.S. securities trades — met with SEC Crypto Task Force to discuss tokenization 🔥

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