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SEC AND BINANCE FILE JOINT MOTION FOR ANOTHER 60-DAY PAUSE IN LEGAL DISPUTE

▪️The SEC and Binance have asked the judge overseeing their legal dispute to pause the case for 60 days as “productive discussions” continue.

▪️The pause would extend the current 60-day stay, which was approved in February.

▪️If approved, the parties will submit a joint status report at the end of the 60 days, in mid-June.

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CLEAN CLOUD ACT' DRAFT BILL REQUIRES CRYPTO MINERS TO CUT EMISSIONS OR FACE FINES

▪️Senate Democrats introduced a bill Thursday that would set regional limits on the emissions from crypto mining facilities and AI data centers, imposing fines on facilities that surpass the cap.

▪️The regional caps would be reduced by 11% annually until reaching zero by 2035, requiring facilities to operate on 100% renewable energy, or face fines.

▪️The draft bill would also require facilities to submit detailed annual reports on electricity usage and sourcing to allow the EPA to calculate each facility’s emission intensity.

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SEC PUBLISHES DISCLOSURE GUIDANCE FOR CRYPTO ISSUERS

The US Securities and Exchange Commission (SEC) published guidance on the application of disclosure requirements to crypto-asset securities issuances. It acknowledged that this is an interim step while the SEC Crypto Task Force works on comprehensive guidance. Issuers are expected to comply for the issuance of debt or equity, or a crypto-asset token which is an investment contract at the point of issuance.

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NEW YORK LAWMAKER INTRODUCES BILL THAT WOULD ALLOW STATE AGENCIES TO ACCEPT CRYPTO PAYMENTS

A new bill working its way through New York’s legislature would allow residents to pay state agencies with crypto.

New York State Assemblyman Clyde Vanel (D-Queens) introduced Assembly Bill A7788 on Thursday, and the potential legislation was referred to the Standing Committee on Governmental Operations.

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SEC CRYPTO ROUNDTABLE EXPLORES UNIFIED LICENSING AND REGULATORY CLARITY

The second roundtable hosted by the SEC’s Crypto Task Force was held in Washington, with the purpose of addressing how the existing regulatory framework can better facilitate crypto asset trading in the United States.

Mark Uyeda opens the event

Acting Chairman Mark Uyeda presided over the session, joined by Commissioners Hester Peirce and Caroline Crenshaw. The conference was called “Between a Block and a Hard Place” and brought together the most important players from both the traditional and crypto finance world to achieve practical solutions for making blockchain technology a part of the current markets.

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CHINA IMPOSES NEW TARIFFS, BLAMES US FOR GLOBAL TENSIONS

China has responded sharply to U.S. President Donald Trump’s latest tariff hike, calling the United States a “joke” and imposing retaliatory tariffs of its own, as European Union leaders prepare an unusual visit to Beijing amid growing global trade tensions.

Xi Criticizes Trade Isolation

China responded forcefully on Friday to a dramatic tariff increase by the United States, announcing a 125% tariff on American goods and calling the U.S. approach to trade “economic bullying,” the Times of India reports. The move came just hours after U.S. President Donald Trump raised duties on Chinese imports to 145%, a decision that Beijing said violated international trade rules.

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TRUMP MAKES HISTORY SIGNING FIRST CRYPTO BILL INTO LAW -  THE LAW REPEALS THE IRS’S CONTROVERSIAL 'DEFI BROKER RULE'

In a historic move, President Trump has signed into law a bill that blocks the Internal Revenue Service from collecting tax reporting data from decentralized crypto platforms.

It marks the first time a cryptocurrency-specific piece of legislation has become law in the United States.

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NEW HAMPSHIRE HOUSE PASSES STATE BITCOIN RESERVE BILL

The “Live Free or Die” state is one step closer to embracing Bitcoin after the House of Representatives passed a reserve bill.

A bill proposing the creation of a state Bitcoin reserve was passed by the New Hampshire House of Representatives on Thursday.

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PRESIDENT TRUMP USHERING IN CRYPTO ‘GOLDEN AGE,’ WHITE HOUSE OFFICIAL SAYS

The return of US President Donald Trump has come with some concern, but according to one White House official, his administration is set to usher in a new crypto ‘golden age.’ Indeed, Trump’s executive director of digital assets, Bo Hines, recently discussed the impact that his presence will have on cryptocurrency development in the country.

In a post to X (formerly Twitter), Hines called Trump the “true crypto President.” He noted that his stance on the emerging asset class will propel growth. Moreover, he said this effort will help crypto companies that “were victims of a weaponized justice system under the Biden regulatory regime.”

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JUST IN: SENATE CONFIRMS PAUL ATKINS AS SEC CHAIR, NEW ERA FOR CRYPTO?

In a 52-44 vote, the U.S. Senate has confirmed Paul Atkins as the next Chair of the Securities and Exchange Commission (SEC). The confirmation now heads to the White House, where President Donald Trump is expected to formally sign off on the appointment. Once that process is complete, Atkins will be officially sworn in. According Fox Business’ Eleanor Terrett, the timing for these next steps remains unclear.