. The White House\'s cryptocurrency policy report classified cryptocurrencies into securities and commodities, appointed the U.S. Securities and Exchange Commission(SEC) and the U.S. Commodity Exchange Commission(CFTC) as the main supervisory authority for the cryptocurrency market, and specifically named the CFTC as the supervisory authority for spot trading of cryptocurrenci', 'https://img.blockstreet.co.kr/photo/2025/06/09/20250609000001_0640.png', 'https%3A%2F%2Fwww.blockstreet.co.kr%2Fnews%2Fview%3Fud%3D2025073108464830495'));){kind=link}
);)
The White House released its first cryptocurrency policy report on Jul. 30(local time). The White House's cryptocurrency policy report classified cryptocurrencies into securities and commodities, appointed the U.S. Securities and Exchange Commission(SEC) and the U.S. Commodity Exchange Commission(CFTC) as the main supervisory authority for the cryptocurrency market, and specifically named the CFTC as the supervisory authority for spot trading of cryptocurrencies. The report also mentioned the need to accept stable coins to maintain the status of the U.S. dollar and clear licensing procedures for U.S. banks to adopt cryptocurrencies.
2. JP Morgan to Offer Cryptocurrency Purchase Services from Fall...Cooperation with Coinbase"
JP Morgan will offer a cryptocurrency purchase service starting this fall. Coinbase said in an official statement on Jul. 30 that cryptocurrency can be purchased from Coinbase through JP Morgan Chase credit card and USDC can be obtained through JPMorgan Bank Points starting next year. Coinbase also said JP Morgan Chase card users can link their bank accounts directly to Coinbase.
3. Hong Kong "Starts 6-Month Transition Period Before Enforcement of New Stablecoin Regulations"
The Hong Kong Monetary Authority(HKMA) has announced that it will begin a six-month transition period before the implementation of new stablecoin regulations in Hong Kong. Local media Radio Television Hong Kong reported on Jul. 30 that HKMA will begin accepting licenses for six months, including the process of issuing temporary licenses to license applicants before the enforcement of the regulations, which issue licenses to stable coin issuers.
4. Trump 'World Liberty Financial' Invests $10 Million in Developing Stablecoins
World Liberty Financial, a DeFi project by U.S. President Donald Trump's family, announced on Jul. 30 that it has invested $10 million in infrastructure developer Falcon Finance to develop stablecoins. World Liberty Financial explained that it will invest $10 million to develop a new stablecoin infrastructure to improve interoperability between stablecoins Falcon USD(USDf) and World Liberty Financial USD(USD1).
5. U.S. CBOE Exchange Calls for Simplification of Listing Crypto Spot ETFs
The Chicago Option Exchange(CBOE) submitted a request for a rule change to the SEC on Jul. 30 and requested the removal of the approval process for individual cryptocurrency spot ETFs.
권승원 기자 ksw@blockstreet.co.kr