The U.S. House Ways and Means Committee Votes to Pass Trump's Tax Cut Plan

On May 14th, according to financefeeds, former House Financial Services Committee Chair Patrick McHenry said that the private stance of former U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler on digital assets is much more favorable than his public position. Patrick McHenry stated on the "U.S. Cryptocurrency" podcast that during private discussions, Gensler has expressed appreciation for the potential of blockchain and digital assets, which is in sharp contrast to his aggressive regulatory stance while leading the SEC. McHenry recalled that Gensler often mentioned his time at MIT where he taught courses on blockchain and digital currencies, and he also saw the value of digital assets and understood blockchain technology. Others who have worked with Gensler during his academic career have also confirmed this view. Sei Labs Chief Legal Officer Gerald Gallagher pointed out that Gensler made contributions to the early conceptualization of token airdrops, a detail that is

On May 14th, according to HTX market data, Bitcoin has fallen below $103,000 and is currently trading at $102,883.

On May 14th, Coindesk analyst Omkar Godbole pointed out that the Bitcoin weekly MACD histogram has crossed above the zero axis, suggesting a strengthening of the bullish momentum. The appearance of this bullish signal coincided with Bitcoin's rebound from the 50-week Simple Moving Average (SMA). This mirrors the trends observed in mid-2024 and early 2023, both of which were followed by substantial price increases. The analyst noted that over the past five years, the MACD has entered the positive zone five times. There was only one false signal in March 2022 (circled in the chart), which led to the bulls misjudging the market direction.

On May 14th, according to a report in "Securities Daily", recently, some rumors have interpreted the account verification of the China Securities Depository and Clearing Corporation Limited (CSDC) as "strictly investigating off-exchange margin financing". Reporters learned from CSDC that the account verification is a routine business carried out by CSDC and some securities firms every quarter in accordance with years of practice. Its purpose is to confirm whether investors' securities accounts are registered under real names. There is no special arrangement targeting the so-called "investigation of off-exchange margin financing" as rumored online. The speculation and dissemination on the internet are severely inconsistent with the facts. (FX168)

On May 14th, as monitored by on-chain data analyst Yu Jin, a whale address swapped 197.1 WBTC for 20,444,000 USDT on the blockchain in the past half hour. The selling price was $103,697 per bitcoin. The address had withdrawn 197.1 WBTC from OKX to the on-chain address half an hour earlier. It then sold the WBTC for USDT and transferred the USDT back to OKX.

On May 14th, as per the report by The Block, Commissioner Summer Mersinger of the Commodity Futures Trading Commission (CFTC) is set to leave her post to serve as the CEO of the Blockchain Association, which is the leading lobbying group for the cryptocurrency industry in Washington. The Blockchain Association announced on Wednesday that Summer Mersinger will assume the CEO position on June 2nd, with May 30th being her final day at the CFTC. It is reported that Summer Mersinger, who was nominated by former President Biden, served as a Republican Commissioner of the U.S. Commodity Futures Trading Commission (CFTC) and was sworn in in March 2022. During her time at the CFTC, she has advocated for the collaboration between the CFTC and the U.S. Securities and Exchange Commission (SEC) in 2023 to jointly establish a digital asset regulatory framework.