On July 29, according to a tweet by Eleanor Terrett, America's Credit Unions, together with credit union leagues across all 50 U.S. states, expressed support for most of the CLARITY Act but raised concerns about the stablecoin yield-related provisions in the bill. The organization stated that the current Tillis-Alsobrooks compromise could still allow 'functionally passive' reward mechanisms, leading to deposits flowing from local credit unions to stablecoin-related products, and thus urged the Senate to further strengthen relevant regulations. Previously, former NCUA Chairman Rodney Hood said that credit unions will play an important role in the modernization of the financial system.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
U.S. Credit Union Organization Supports CLARITY Act but Calls for Tighter Stablecoin Yield Provisions
-
Wechat scan to share
Recommended for you
-
U.S. Says Iran Launched Multiple Missiles at American Forces in the Middle East
On July 29, the U.S. Central Command stated on the 28th local time that at 5:45 p.m. Eastern Time that day, Iran's Islamic Revolutionary Guard Corps launched several ballistic missiles from Iranian territory, "attempting to launch a sudden attack on U.S. forces stationed in the Middle East." The U.S. Central Command said all missiles were successfully intercepted. The U.S. military remains on high alert and in a state of readiness. There has been no response from Iran yet. (CCTV News) -
SpaceX drops over 4% in early US trading, hits record low
On July 28, SpaceX dropped over 4% in early US trading, hitting a record low, with a decline of over 50% from its peak. SpaceX's stock price fell 20% from its IPO issuance price, and its market value evaporated $1.2 trillion from its peak market cap. -
Apple's Market Cap Surpasses $5 Trillion for the First Time
On July 28, Apple's share price rose 1% in early trading, hitting a new all-time high and officially breaking the $5 trillion market capitalization mark, making it the second publicly traded company globally to reach this milestone after Nvidia. Apple's stock has performed strongly recently, climbing from around $274 since late June, with a cumulative gain of over 20% in the past month, far exceeding the S&P 500's roughly 0.8% gain over the same period. Nvidia's current total market capitalization stands at about $4.7 trillion, ranking second among global listed companies by market value. -
Morgan Stanley Launches Ethereum and Solana Exchange-Traded Products on NYSE Arca
Market News: Morgan Stanley has launched Ethereum and Solana exchange-traded products on the NYSE Arca platform. -
US President Trump: Now is a Good Time for Iran to Reach a Deal
On July 28, US President Trump said that now is a good time for Iran to reach a deal; he hopes to avoid attacking Iran's bridges and power plants. Iran needs to formally declare that it does not possess nuclear weapons. -
Bank of America: July Fed Rate Hike Would Be Unprecedented
On July 28, although the market expects a small possibility that the Fed will raise rates in July, Bank of America still expects the Fed to keep rates unchanged. The bank said that if the Fed raises rates in July, it would be unprecedented: since 1994, the Fed has never raised rates when the market probability of a rate hike was below 60%. Bank of America believes that higher oil prices are the main inflation risk and remains bullish on the dollar. (Jin10) -
Nasdaq Futures Fall 0.72%
On July 28, U.S. stock index futures showed divergent trends, with Dow futures rising 0.8%, S&P 500 futures rising 0.07%, and Nasdaq 100 futures falling 0.72%. -
Corning pre-market drops over 15%
On July 28, Corning's U.S. stocks fell over 15% in pre-market trading. The company's Q2 core sales were $4.74 billion, up 17% year-over-year; core earnings per share were $0.78, up 30% year-over-year. -
ChangXin Memory Technologies to Disrupt Global Storage Monopoly, Foreign Media Say
On July 28, the Korea Composite Stock Price Index (KOSPI) plunged 10.84% to 6,023.63 points. Samsung Electronics closed down 13.39%, its biggest single-day drop in 18 years, while SK Hynix closed down 14.65%, nearly halving from its June high. Multiple South Korean media outlets interpreted this sharp stock market decline as the impact of the listing of China's largest semiconductor company, ChangXin Memory Technologies (CXMT). Market concerns have spread that CXMT will use the funds raised from its stock market listing to catch up with semiconductor companies such as Samsung Electronics and SK Hynix, leading to a dent in investor sentiment. According to earlier reports from CNBC, Peter Alexander, an analyst at Z-Ben Advisors, believes that following the development path of the steel and new energy vehicle industries, CXMT will quickly capture market share in the low-end memory chip segment and ultimately shake the monopoly of Samsung Electronics, SK Hynix, and Micron Technology in the global storage industry.
Daily Must-Read
-
KeyFlow: Connecting UniKey, AI Agents, and the KEY Value System, Turning Intelligent Services from “Being Called” into “Sustainable Flow”
-
The AI Universe Gateway Is About to Open: KeyFlow Official DApp to Launch Global Public Beta and Genesis Registration on July 29
-
The Invisible Bill: Unpacking the Token Amplification Effect
-
ENI Takes the Stage at WebX Japan and Builds a Bridge from Traditional Capital to the Future Economy
-
GWDC 2026 KOREA: The New Asian Paradigm of Web3 & AI Sets to Debut in Seoul on Sept 29-30, Inviting Global Builders to the Ultimate Developer Summit
-
From User Journey to Consumption Loop: Understanding UniKey’s Product Logic and the Three Core Use Cases of KEY
All Comments