Ripple executives Andrew Whitworth and Susan Friedman praised the UK’s attitude towards the cryptocurrency industry, arguing that the UK is leaving the United States behind when it comes to cryptocurrency regulation. On June 29, King Charles of the United Kingdom approved the Financial Services and Markets Bill (FSMB), which focuses on other topics, but it includes provisions governing cryptocurrencies and stablecoins, allowing regulators to develop a legal framework for digital assets. Additionally, the bill recognizes stablecoins as a form of payment and makes crypto a regulated financial activity within the UK. It also strictly monitors crypto advertising and promotions. The U.S.’s attitude toward cryptocurrency regulation has been criticized by relevant stakeholders. Financial regulators, including the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), are scrambling to regulate this emerging field and engage the market. were confused.

Ripple CEO Brad Garlinghouse noted that this regulatory ambiguity has prompted many U.S. crypto companies to explore opportunities in foreign jurisdictions. For example, the uncertain regulatory environment has led several crypto companies such as Bittrex and Paxful to exit the United States.

Important news overview:

1. Hong Kong is exploring the launch of the stablecoin HKDG:

2. FCA: Crypto companies that fail to comply with new marketing regulations will face criminal charges;

3. Despite the SEC lawsuit, Coinbase's market share is still rising;

4. The UK's Economic Crime and Corporate Transparency Bill was passed by the House of Lords:

5. UK financial regulator reminds cryptocurrency companies of January marketing compliance deadline:

6. Wu Jiezhuang released a poll on "Should the Hong Kong government create a public blockchain to promote daily applications"

7. Goldman Sachs: Due to increased regulation and criminal activities, cryptocurrency holders are more willing to keep their property themselves:

8. Grayscale: SEC’s “unfair discrimination” against spot Bitcoin ETF issuers violates the Securities Exchange Act.

BTC：

Bitcoin failed to break through the pressure of 31400-31500 yesterday and fell back. The short-term bulls were not willing to attack, resulting in a continued decline in the short term. From a technical perspective, it is still in a volatile adjustment range between 29500-31500. The adjustment is expected to take about a week, and then Bitcoin will attack upward. The overall trend is still bullish. It is recommended that everyone remain patient and continue to buy low and hold.

eth:

Ethereum has recently been paying attention to the situation of retracing to the platform support. Once the retracement ends, Ethereum's trend will be stronger than Bitcoin.

BCH：

BCH has most likely reached its peak. At this position, the risks are still greater than the opportunities. You can only keep a small position and sell it if it falls below 269.

ARB：

The overall trend of arb has not changed. It is just oscillating and adjusting under pressure. In the short term, Ethereum's trend is correcting, and arb is unlikely to rise in the short term.

LTC:

LTC has fallen back to the support range today. Hua Ge expects the range of the fall will be limited. If there is a pullback, you can buy in batches.

ETC：

The trends of etc and lite are similar, both are adjustments and repairs after a surge. If there is another pullback, buy in batches and wait for the rise.

Platform Coin:

BG has recently launched a new coin. Only those who hold BGB can participate. BGB is likely to rise in a wave, so you can make a short-term layout!

Wealth code:

Agix can be deployed at low prices. There will be an artificial intelligence conference in July, and Agix is ​​the leader!

c98 has favorable news, so you can buy it at a low price.

The above analysis is for reference only and does not constitute investment advice!