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๐Ÿ”ฅ Major County Sheriffs of America Takes Neutral Stance on the Clarity Act After Discussions

MCSA has shifted to a neutral position on H.R. 3633, the Digital Asset Market Clarity Act, after earlier raising concerns over the billโ€™s law-enforcement implications.

In a July 3 letter to Senate Banking Committee Chairman Tim Scott and Ranking Member Elizabeth Warren, MCSA said continued discussions with the administration and state and local law enforcement had provided โ€œadditional clarityโ€ on the interpretation and expected implementation of Section 604.

MCSA says that, based on its continued review of the bill, there remains an opportunity to โ€œfurther strengthen the legislation in ways that support responsible innovation and the practical needs of state and local law enforcement.โ€


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๐Ÿ‡ง๐Ÿ‡ท๐Ÿค‘ XRP Ledger Powers Brazil's Stablecoin Growth with Real-World Issuance

โฌ‡๏ธ The XRP Ledger (XRPL) is strengthening its role in global digital finance, with its growing contribution to Brazil's booming stablecoin market.

๐ŸŸ The XRPL is already powering real-world issuance of Brazilian real (BRL)-backed stablecoins in one of the world's fastest-growing digital asset ecosystems. Brazil now has more than 10 BRL-denominated stablecoins in circulation, spanning both public and institutional use cases.

๐ŸŸ Projects such as BRZ, BRLA, and BRLM are driving faster digital payments, lower-cost cross-border transfers, and broader tokenized finance adoption.

Brazil's rapid stablecoin growth reflects its emergence as one of Latin America's leading fintech markets, fueled by widespread adoption of the Pix instant payment system, rising cryptocurrency usage, and an increasingly supportive regulatory environment. ๐Ÿš€

The momentum also aligns with Ripple's broader vision of the XRP Ledger serving as core infrastructure for stablecoins, tokenized assets, and eventually CBDCs.

โžก๏ธThis vision recently gained further credibility and steam after the IMF identified the XRPL among the blockchain networks being used by banks for stablecoin issuance.

With real-world stablecoin adoption accelerating in Brazil, growing institutional recognition, and continuous network upgrades, the XRP Ledger is evolving into a foundational layer for the next generation of digital finance.

#Stellar #BRICS

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๐Ÿค– SK hynix, Samsung, Micron among semiconductor industry group lobbying against government intervention on domestic memory chip supply

Government attempts to address the global memory chip shortage by influencing prices or production capacity would worsen a historic squeeze on supply driven by the AI boom, a semiconductor industry group warned the Trump administration.


In a letter to senior administration officials, the SEMI industry association urged the US instead to allow companies to continue striking long-term agreements with customers and extend tax breaks aimed at increasing output in the US.

Apple is attempting to address this shortage by lobbying the government to let it purchase memory chips from blacklisted Chinese firm CXMT. SEMI takes a different approach for a temporary solution to the crisis. Instead of allowing a new player to enter the U.S. market, it suggested that the administration should work with Congress to pass tax deductions or credits on consumer electronics, thus offsetting the rising prices caused by the chip shortage.

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โšก๏ธ๐Ÿ‡บ๐Ÿ‡ธDonald Trump: "My Administration is delivering another fantastic America First Victory."

The Department of Treasury will now accept philanthropic contributions of readily tradable Publicly Traded Stock to help fund TRUMP ACCOUNTS for eligible American children. This opens the door for GREAT American Businesses, Philanthropists, and Job Creators to invest directly in the future of our children, and help build a Generation of Savers, Investors, and Owners.


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๐Ÿค– New Multi-Site Computer Austria (or MUSICA) supercomputer performs 45,110 trillion calculations/sec with 1,088 Nvidia chips

Austria has just launched one of the worldโ€™s 100 fastest supercomputers, which is equipped with 1,088 Nvidia chips and can carry out 45,110 trillion calculations per second. It is reportedly among the 100 fastest supercomputers in the global TOP500 ranking. More than 400 of them run on Nvidia technology (81%).

MUSICA
is equipped with 1,088 high-end Nvidia H100 GPUs and cloud servers. These are highly advanced, enterprise-grade processors specifically designed for data centers and massive AI workloads. The new system delivers 45.11 petaflops of performance. This means it can carry out more than 45,110 trillion calculations per second. It is more than eight times the computing power of the VSC-4 and VSC-5 supercomputers.

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๐ŸŽ‰๐Ÿ‡บ๐Ÿ‡ธHappy 250th Anniversary to America!

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๐ŸŽŠ๐ŸŽ‰The White House has released videos celebrating America's 250th anniversary!

Today, America wakes 250 years later as a beacon of hope, a republic entrusted to its people, an idea that changed the world.

A nation worth preserving. A dream worth pursuing. A freedom defended by every generation.

Happy 250th, America! ๐Ÿ‡บ๐Ÿ‡ธ


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๐Ÿ‡ฉ๐Ÿ‡ช German Local Banks Expand Crypto Trading To Millions Of Retail Customers

Cryptocurrency trading is set to become more accessible in Germany as the countryโ€™s cooperative and savings banks expand digital asset services, allowing millions of retail customers to buy and sell cryptocurrencies directly through their local lenders.

โฌ‡๏ธ The move marks a significant shift for Germanyโ€™s traditionally conservative banking sector, which had previously resisted offering crypto services to retail investors because of concerns over volatility and investor protection.

๐Ÿ”ตCooperative banks have already begun rolling out crypto trading through a platform developed by DZ Bank, enabling customers to trade cryptocurrencies including Bitcoin, Ethereum, Litecoin, and Cardano.

๐Ÿ”ตMeanwhile, DekaBank is preparing to launch a similar platform for Germanyโ€™s savings banks later this year, with the rollout expected to take place in phases.

โžก๏ธEach local institution will decide whether to offer the service, though industry participants expect widespread adoption. Representatives from DZ Bank said interest among member banks has been strong, with hundreds expected to introduce crypto trading over time.

Supporters say integrating digital assets into existing banking platforms could bring cryptocurrencies to a broader audience by allowing customers to trade through institutions they already know and trust. ๐Ÿš€

As German cooperative banks begin offering crypto access through familiar banking apps, digital assets could become a more common part of everyday investment services across Europe. ๐Ÿ‡ช๐Ÿ‡บ

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๐Ÿ‡บ๐Ÿ‡ธโ€œAmericaโ€™s Time Capsuleโ€ has just been buried for the next 250 years at Independence National Historical Park in Philadelphia, PA

Inside the capsule are contributions from all three branches of the U.S. federal government, all 50 states, Washington, DC and five U.S. territories, America250 tentpole programs, as well as select national partners and institutions whose contributions reflect the people, places, ideas, and innovations shaping the United States at 250 years.

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๐Ÿ‡ฌ๐Ÿ‡งUK's Bold New Crypto Rules Promise To Unlock Global Trading

The U.K.'s Financial Conduct Authority (FCA) unveiled its cryptocurrency regulatory framework this week, winning early praise for taking an internationally connected approach.

๐Ÿ”ตThe FCA cut the amount of financial backing that needs to be set aside to 1% of the total value of the stablecoins they issue. It was previously 2%. The proposed requirement is lower than the 2% equivalent stipulation under the EU MiCA regulation.

โžก๏ธThe FCA's aim is to simplify key elements of the regime to make it more workable in practice.

โžก๏ธThe FCA also aims to simplify the framework for crypto exchanges. Under the new rules, they will need to set aside 40% of their trading capital to cover potential losses and apply a 40% potential loss to the value of their collateral when lending or trading with other parties.

"The publication of the FCA's final crypto rules is a major milestone for regulatory clarity and a strong outcome for the U.K.'s competitiveness in digital asset innovation," Katie Harries, Coinbase's head of policy for Europe, said.


โ—๏ธParticularly, FCA's new Qualifying Cryptoasset Trading Platform (QCATP) model should allow overseas exchanges to serve U.K. customers through locally authorized branches connected to existing global trading infrastructure.

About DeFi: "The U.K.'s future approach to DeFi will be critical," Harries said, arguing such restrictions would leave it out of step with jurisdictions such as the U.S., where policymakers are exploring DeFi as part of broader tokenization strategies.


The FCA's package of rules creates a framework that preserves access to global liquidity through overseas trading venues and allows non-U.K.-issued stablecoins to circulate.
๐Ÿš€

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๐Ÿค‘๐Ÿค‘ DTCC's "Holy Trinity" Signals the Next Phase of Tokenization With Stellar

According to crypto analyst Zach Rector, the tokenization era is being driven by three major forces that are finally coming together inside the world's largest settlement infrastructure.

These are:
๐Ÿ”น Institutional participation
๐Ÿ”น Digital cash through stablecoins and tokenized deposits
๐Ÿ”น Regulatory clarity

โ—๏ธDTCC Digital Assets head Nadine Chakar emphasized that tokenization is no longer a proof of concept. Beginning July 14, the platform will process real trades with real assets and real cash, marking the transition from testing to live financial markets.

โžก๏ธ Rector also highlighted DTCC's roadmap, which begins with Canton and is expected to extend to Stellar in 2027, while noting that DTCC patents also reference the XRP Ledger. He argues that XRP's regulatory clarity following the SEC case could position it to participate in future tokenized settlement infrastructure.

The foundation is now being built for traditional financial assets to gradually transition to blockchain-based settlement.

Now the conversation is about which blockchain networks will capture the next wave of institutional finance. ๐Ÿš€

#Stellar

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๐Ÿ‡บ๐Ÿ‡ธU.S. Treasury Announces the Official Launch of Trump Accounts and Full Scope of the App

The platform is giving American families a new way to view, manage, and grow their childrenโ€™s stake in the nationโ€™s economic future.

โ€œTrump Accounts are now live, giving every child a stake in the American Dream from day one thanks to President Trump,โ€ said U.S. Treasury Secretary Scott Bessent

โ€œThe Trump Accounts app is now updated with the full suite of account capabilities: you can start funding your childโ€™s account, exploring financial education modules, and more.โ€


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โšก๏ธ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ท๐Ÿ‡บPutin congratulated Trump and the American people on the 250th anniversary of U.S. independence and invites him to visit Russia during a phone call

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๐Ÿ‡ฎ๐Ÿ‡ณ Indiaโ€™s CG Semi Starts Production With 200 Million Chips

Indiaโ€™s CG Power & Industrial Solutions Ltd.โ€™s new semiconductor unit has started production with an annual capacity of 200 million chips, Prime Minister Narendra Modi said, marking a fresh milestone in the countryโ€™s goal to build a domestic chip industry and gain a foothold in the global supply chain.

The plant, operated by CG Semi Pvt. Ltd., aims to eventually scale up output to 5 billion chips a year, Modi said, while inaugurating the Outsourced Semiconductor Assembly and Test facility in Sanand, Gujarat, his home state.

#BRICS

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๐Ÿ‡ฆ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡ธA Tribute From The UAE To The U.S. On 250th Anniversary of U.S. Independence Day

#BRICS

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