Trump: Focus on whether the United States can become the number one in the cryptocurrency field

In the wake of the U.S. GENIUS Act, Canadian lawmakers are moving on Canadian-dollar-backed stablecoin legislation, which is being cheered by crypto interests.

US President Trump has stated that Bitcoin and cryptocurrencies can alleviate the pressure on the US dollar, implying their potential impact on the US dollar. This statement has attracted market attention. Source: (Bitcoin Archive)

Patrick Witt stated that some US senators still struggle to understand the core concept of decentralized finance (DeFi), but progress has been made in pushing for meaningful legislation. He expressed the above viewpoint during an interview at Ripple's Swell 2025 event. In the future, the progress of DeFi related legislation is worth paying attention to. （CoinDesk）

In the past 24 hours, the cryptocurrency market has cleared approximately $1.6 billion in positions, indicating increased market volatility and investors need to pay attention to risks. （Cointelegraph）

Ripple CEO Brad Garlinghouse stated at the Swell 2025 event that cryptocurrency should not be used as a tool for partisan divisions. He believes that regulation should focus on outcomes rather than the technology itself, and warns that politicizing cryptocurrency may bring risks. Garlinghouse emphasizes that technology should transcend partisan boundaries and calls on leaders to promote more inclusive policies. （CoinDesk）