1. White House Crypto Czar Claims Stablecoin Legislation is About to Pass

White House crypto czar David Sacks stated, "Stablecoin legislation is about to pass in the Senate, and Bitcoin has just hit an all-time high." -Original

2. Texas Bitcoin Reserve Bill to Vote Today

The state of Texas has confirmed that its Bitcoin reserve bill SB 21 will undergo a final vote today (local time). The bill has been included in the Texas House of Representatives' third reading agenda. -Original

3. Senator Cynthia Lummis Claims Americans are Ready to Update Gold Reserves with Bitcoin

4. Hong Kong Passes Stablecoin Regulation Draft, Compliance Issuance Applications Available by Year-End

Hong Kong Legislative Council member Wu Jiezhuang tweeted that the Hong Kong Legislative Council has passed the Stablecoin Regulation Draft in its third reading, and institutions are expected to apply to the Monetary Authority to become compliant stablecoin issuers by the end of this year. Wu Jiezhuang welcomed global companies to apply in Hong Kong and emphasized that developing application scenarios and releasing stablecoin interest will be key focuses moving forward, helping Hong Kong build an international Web3 center. -Original

5. SEC Commissioner Peirce States NFT Royalty Mechanism Does Not Constitute Securities

Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), clearly stated in a public speech that NFTs with creator royalty mechanisms typically do not fall under the category of securities. Peirce pointed out that the characteristic of NFTs allowing artists to profit from resales is similar to the model of streaming platforms paying creators for copyrights, and this revenue distribution does not constitute "enterprise profit-sharing rights" as defined in traditional securities. Oscar Franklin Tan, Chief Legal Officer of Atlas Development Services, added that some media misinterpreted Peirce's statements, emphasizing that the SEC has never regarded creator royalties as subjects of securities regulation. He explained that when royalties belong solely to the original creator, their nature is closer to "business income" rather than "investment income"; however, if the NFT design involves distributing royalty profits to multiple holders, it may trigger securities compliance issues. -Original

6. Pakistan Establishes Digital Asset Management Authority

The Ministry of Finance of Pakistan announced that the government has officially established the Digital Asset Management Authority (PDAA) to comprehensively regulate the cryptocurrency and blockchain industry. The agency will be responsible for licensing and compliance management of market entities such as exchanges, custodians, stablecoins, and DeFi applications, aiming to build a regulatory framework that meets FATF standards. Finance Minister and Chairman of the Pakistan Crypto Committee (PCC) Muhammad Aurangzeb stated that the PDAA will promote the compliance of the $25 billion informal crypto market and explore innovative applications such as national asset tokenization and government debt digitization. The new regulations will not only involve crypto assets but will also open new financial export channels through tokenization and Web3 innovations. This move makes Pakistan the latest emerging market to establish a dedicated digital asset regulatory agency, following the UAE and Singapore. -Original

7. OKX to Adjust Minimum Trade Amount for Some Spot Pairs

According to an official announcement, in order to mitigate market risks, enhance overall market liquidity, and optimize user trading experience, OKX plans to adjust the minimum trade amount for some spot pairs on May 23, 2025, from 2:00 PM to 6:00 PM (UTC+8). The specific adjustments involve trading pairs including: ACT/USDT, BIO/USD, BIO/USDT, PROMPT/USDT, RACA/USD, RACA/USDT, SOL/TRY, XRP/BRL, XRP/TRY, ZERO/USD, and ZERO/USDT. Additionally, if there are ongoing strategy orders and the current order quantity is less than the adjusted minimum order quantity, the order will be canceled, and the corresponding strategy will also be terminated. For more details, please click the announcement link: https://www.okx.com/zh-hans/help/okx-to-adjust-the-minimum-trade-amount-of-spots-21-may-2025 -Original

8. Tether Issues 1 Billion USDT on TRX Chain

According to data provided by OKX Explorer, on May 21 at 19:48 (UTC+8), Tether issued 1 billion USDT on the TRX chain, transaction hash: cddc3403cd7c610f6d5f60f1fd6ba1cc090993229193d95eb8e6be36a0be15a6. For details, visit: https://web3.okx.com/explorer/trx/tx/cddc3403cd7c610f6d5f60f1fd6ba1cc090993229193d95eb8e6be36a0be15a6. Note: The above data is sourced from OKX Explorer. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com).

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。