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Polk dog, you give me a quick down [tears]

State versus federal regulatory authority is a key bipartisan point of contention, with Republican and Democratic lawmakers failing to agree on the distribution of stablecoin regulatory powers.

Encryption companies seize the favourable information from policies to make inroads into the American banking industry. Recently, several cryptocurrency companies are actively seeking to enter the traditional banking sector in the United States. They hope to further integrate into the mainstream financial system by taking advantage of the current relatively relaxed regulatory environment. Some well-known encryption companies such as Ripple, Circle, and BitGo have applied for a national trust bank license, which will allow them to provide some banking services. Meanwhile, a certain encryption trading platform plans to launch a bank card business next month. The co-CEO of the trading platform stated that this is a natural integration process, and the company expects to launch debit and credit card services around the end of this month. These actions highlight that cryptocurrency companies are seeking to expand their business scope, no longer limited to simply providing digital asset services. Due to the current government's open attitude towards digital assets, the confidence of industry executives has greatly increased. Headquartered in New York,

The U.S. authorities are considering criminal charges against employees of Dragonfly Capital, including Tom Schmidt, over their investment in Tornado Cash, amid concerns about money laundering and privacy rights in the crypto industry.

Tornado Cash co-founder Roman Storm is calling on privacy advocates to help raise $500,000 for legal expenses ahead of his July 14 trial. Storm, in a July 12 X post, said his team was “working nonstop to defend code as free speech, protect software development, and push back against