According to ChainCatcher news and reported by Bitcoin Laws, the U.S. House of Representatives has passed the HB1664 bill directing the Department of Commerce to promote "blockchain technology."The bill is titled the "Deploying American Blockchains Act," which instructs the Department of Commerce to take several measures: develop policies to enhance U.S. competitiveness, coordinate the adoption of blockchain technology across agencies, issue relevant guidelines, and support the construction of open-source infrastructure.

ChainCatcher news, according to Crypto In America, Republican lawmakers are engaged in a fierce battle over the strategy for advancing key cryptocurrency legislation. The current question is------"Should it be passed separately or bundled together?" The "GENIUS Act," which was passed by the Senate last week, was handed over to the House on Monday, but lawmakers are still debating whether to push it as a standalone bill or to bundle it with the House's "Market Structure Act" and resubmit it to the Senate for revision.House Majority Whip Tom Emmer stated to Punchbowl News on Tuesday that the "GENIUS Act" is likely to pass in the House------"provided it is advanced in sync with the 'CLARITY Act' (the House market structure legislation)." Majority Leader Steve Scalise emphasized to CNBC that combining the two bills "aligns with industry demands."Currently, the "bundling faction," represented by Coinbase and venture capital giant a16z, believes that bundling legislation is the only viable path to complete market structure reform this year. The "step-by-step faction," primarily led by the DeFi community, advocates for quickly passing the "GENIUS Act" to achieve a phased victory.

ChainCatcher news, according to reporter Eleanor Terrett on the X platform, the U.S. House of Representatives is considering advancing the market structure legislation CLARITY Act alongside the stablecoin legislation GENIUS Act, in line with the legislative deadline set by Trump for August.

ChainCatcher news, recently, a blockchain strategy proposal submitted by the international organization GBA to the Bahraini government has been officially released. In this document titled "Blockchain BEACON Initiative," Oracle and CESS Network are listed as candidate partners for the infrastructure layer.In the current rapid integration of AI, RWA, and DePIN, CESS has comprehensively laid out its strategy from underlying chains, decentralized storage, content distribution to data sovereignty, proposed the IEEE decentralized storage standard (P3220.02), and passed the GBA official BMM Level 1 certification (Blockchain Maturity Model) ------ BMM is a standardized assessment framework for on-chain infrastructure.CESS's network architecture consists of Layer 1 blockchain public chain, DeOSS object storage layer, CD²N content distribution layer, and privacy and security mechanisms such as PoDR², which have been validated through cooperation with government organizations in the United States, Hong Kong, and the Middle East. This proposal project alongside Oracle not only strengthens CESS's technical capabilities in the infrastructure field but also provides strong support for its subsequent valuation and institutional attention. It again reflects CESS's core positioning as a decentralized data value infrastructure and opens up imaginative space for future collaboration with traditional tech giants to build a national-level digital foundation.Oracle's success proves the logic of "infrastructure equals value," while CESS is reconstructing this path in a decentralized manner. The future will welcome a Web3 era with billions of data flows globally, and CESS is at the forefront of this trend.

ChainCatcher news, the El Salvador National Bitcoin Office (ONBTC) announced today that President Bukele held talks with White House representative Bo Hines, where both sides discussed cooperation between the United States and El Salvador in the field of Bitcoin and digital assets. It is reported that Bo Hines's deputy, Patrick J. Witt, also participated in the meeting.

ChainCatcher news, according to The Block, during the review of the "Digital Asset Market Clarification Act" (CLARITY) by the U.S. House Financial Services Committee, some Democratic lawmakers questioned President Trump's involvement in cryptocurrency, stating that it could constitute a conflict of interest and interfere with the legislative process. The 236-page bill aims to clarify the regulatory responsibilities of the SEC and CFTC regarding the cryptocurrency market and requires companies to disclose information and separate customer funds.Although the bill has some support from Democrats, Democratic lawmakers are calling for the inclusion of conflict of interest provisions, or they will oppose its passage. The committee is expected to continue its review next week.

ChainCatcher news reports that, according to official sources, the U.S. Securities and Exchange Commission (SEC) crypto special team has held talks with representatives from CoinShares International Limited and its legal advisor Chapman & Cutler LLP to discuss the regulatory challenges faced in launching crypto asset exchange-traded products (ETPs) in the United States.It is reported that the topics discussed in the meeting included: how to integrate staking mechanisms into the ETP structure, appropriate standards for reviewing new digital asset ETP rule change applications, issues related to crypto asset custody, comparisons between physical and cash redemption mechanisms, and the feasibility of registered investment companies investing in digital asset ETPs.CoinShares also introduced its crypto asset ETP business in Europe, where the company manages over $6 billion in assets and offers 20 publicly listed ETP products covering 13 digital assets and 3 digital asset indices.

ChainCatcher news, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) will hold a conference on "Emerging Trends in Asset Management" on June 5, 2025, with topics including digital assets and tokenization.SEC Commissioner Hester Peirce will attend, and the guest list will also include representatives from well-known financial institutions such as BlackRock, Franklin Templeton, and Fidelity.

ChainCatcher news, crypto reporter Eleanor Terrett stated that the Chairman of the House Financial Services Committee, French Hill, has scheduled the review date for the House cryptocurrency market structure bill for June 10.

ChainCatcher news, according to Bitcoin Laws, Texas has passed the strategic Bitcoin reserve bill SB 21, which was approved by a vote of 101 in favor and 42 against in its third reading, and is now submitted to the governor's office for signing.

ChainCatcher news, according to France24, French Interior Minister Bruno Retailleau will convene cryptocurrency industry professionals this Friday to discuss how to prevent the increasing number of kidnapping incidents targeting cryptocurrency entrepreneurs. This move comes swiftly in response to an incident in downtown Paris where armed assailants attempted to kidnap the daughter and grandson of a CEO of a cryptocurrency trading platform.Recently, France has witnessed several violent kidnapping cases targeting cryptocurrency millionaires, including the heinous incident where Ledger co-founder David Balland was kidnapped and had his fingers severed. The Interior Minister stated that measures will be taken to protect the safety of cryptocurrency practitioners and their families, while also promising to track down the criminals "no matter where they hide."

ChainCatcher news, according to The Block, informed sources revealed that French Hill, the chairman of the House Financial Services Committee, and others are expected to release a regulatory draft on cryptocurrency ahead of the hearing scheduled for May 6 (local time).The hearing will take place at 10 AM Eastern Time on the 6th, with the theme "The Future of American Innovation and Cryptocurrency: A Blueprint for the 21st Century." It is expected to focus on the long-awaited legislation to define the structure of the U.S. cryptocurrency market. The draft is anticipated to be similar to the "Financial Innovation and Technology for the 21st Century Act" (FIT 21) that passed the House last year. A staff member from the House Agriculture Committee also confirmed that the draft text will be released before the hearing.Committees in both the House and Senate have advanced bills focused on stablecoins, while legislation regulating the entire cryptocurrency industry is seen as the next step. Former President Donald Trump stated that he hopes to see a stablecoin bill before August, but some have indicated that these bills may be interconnected.

ChainCatcher news, according to Cointelegraph, the North Carolina House of Representatives passed the Digital Asset Investment Act (HB 92) with a vote of 71 in favor and 44 against, allowing the state treasurer to invest up to 5% of state government funds in approved cryptocurrencies. The bill has now been submitted to the state Senate for review.North Carolina State Treasurer Brad Briner publicly supports the bill, making North Carolina the second state in the U.S. to advance government crypto investment after Arizona. The Arizona legislature passed two cryptocurrency reserve-related bills (SB 1025/SB 1373) on April 28, which are currently awaiting Governor Katie Hobbs' signature. Arizona may become the first state in the U.S. to require public funds to invest in Bitcoin.

ChainCatcher news, the Arizona House of Representatives has passed two bills that may allow the state to establish reserves in Bitcoin or other cryptocurrencies.In the third reading of Senate Bill 1025 (SB1025) on April 28, 31 lawmakers voted in favor, while 25 opposed. Another similar bill, SB1373, passed with 37 votes in favor and 19 against. These approvals bring these bills closer to being signed into law than similar initiatives in any other state in the U.S.Meanwhile, President Trump signed an executive order in March proposing the establishment of a "strategic Bitcoin reserve" and "digital asset reserves."

ChainCatcher News, the Arizona House Committee in the United States passed the "SB 1373" bill on Thursday, which aims to establish a Strategic Digital Asset Reserve Fund, with funding sources including appropriations and seized cryptocurrency assets. The Treasurer may hold and lend assets through compliant channels to generate revenue, with an annual investment cap of 10% of the total fund amount. The bill covers blockchain assets such as Bitcoin, stablecoins, and NFTs. The bill will officially take effect after being submitted to the governor for signature.

ChainCatcher news, economist Peter Schiff posted on X that House Republicans have just passed Trump's ugly massive budget proposal. This budget will lead to higher spending and a larger budget deficit than Biden's. Worst of all, we have just freed ourselves from the shackles of foreign lenders. Get ready for indefinite quantitative easing.

ChainCatcher news, according to Jinshi reports, the U.S. House of Representatives has passed a plan to advance Trump's tax cuts and raise the debt ceiling.

ChainCatcher message, First Digital issued an official statement on social media: "Today, Justin Sun's accusations against FDT at the press conference are unfounded. We firmly deny any claims regarding FDT's alleged involvement in coordinating plans or misappropriating funds. We want to emphasize that these accusations are completely baseless and factually incorrect.FDT acts solely as an intermediary, executing transactions at the direction of Techteryx and its authorized representatives. FDT has not, and is not obligated to, independently assess or advise on Techteryx's investments. We have never moved or invested funds without explicit written instructions from Techteryx or its authorized representatives. All reserve assets are deployed strictly according to the written instructions provided by Techteryx and its authorized representatives at the time. We have records of all written instructions as evidence.Regarding Techteryx's request for fund redemption, ARIA has expressed its anti-money laundering (AML) and Know Your Customer (KYC) concerns regarding the acquisition transaction between TrueCoin and Techteryx, as well as the identity of Techteryx's ultimate beneficial owners. As of today, Techteryx has refused to provide the information requested by ARIA.We reiterate that FDT remains fully solvent, with each FDUSD fully backed by cash and cash equivalents at a 1:1 ratio. The exact ISIN numbers of all reserve assets supporting FDUSD are clearly listed in our certification report and are available for public verification. We are processing redemption requests as usual. We are seeking legal advice, and FDT will take legal action to protect its rights and reputation."