https://t.co/tRbq86H2Fo [Topic of 6/19] GENIUS Act Stablecoin Issuer Customer Identification Program Draft Rules Released, EF Co-Executive Director and Director Xiao Wang Steps Down (Audio News) WebX STUDIO [Cryptocurrency & Blockchain Comprehensive Program] #AISummary Summary of U.S. Stablecoin Regulatory Proposal and Cryptocurrency-Related News 🔳 U.S. Regulatory Proposal on Stablecoins U.S. authorities have released a joint draft rule under the GENIUS Act requiring stablecoin issuers to implement customer identification programs and AML measures equivalent to those of banks, and has also sought public feedback on extending these requirements to secondary market trading. 🔳 Ethereum Foundation Personnel Change Xiao Wang, Co-Executive Director and Director of the Ethereum Foundation, has stepped down. The foundation has indicated it will narrow its scope of activities to prioritize long-term sustainability and focus on essential areas. 🔳 CME’s Lawsuit Against CFTC CME has filed a lawsuit against the CFTC regarding the indefinite approval of cryptocurrency-related futures, arguing that these products qualify as swaps rather than futures. The case has raised market awareness of potential competitive impacts on existing exchanges. 🔳 Expansion of JPYC Circulation on Kaiya The yen-pegged stablecoin JPYC has surpassed ¥300 million in circulation on Kaiya, becoming the top blockchain by circulating supply. However, the number of holding addresses remains lower than on other chains, indicating a concentration among large holders. 🔳 SBI Remit and Facet Partnership SBI Remit has partnered with Facet to explore building a low-cost, rapid international remittance infrastructure by integrating its existing remittance network with stablecoin payment systems. 🔳 SBI VC Trade Discontinues Trading Services SBI VC Trade announced the discontinuation of trading for multiple assets including DAI and OMG, and plans to gradually suspend spot trading and savings services to ensure stable service delivery. 🔳 Base’s Enterprise Ledger Platform Ethereum L2 Base has launched early access to Base Ledgers, a private ledger infrastructure for enterprises, enabling payments and transfers without exposing excessive transaction data on the public chain. 🔳 Tether’s Termination of AUSDT Tether has discontinued AUSDT, a USD-backed asset issued against its gold-backed token XAUT, to concentrate resources on core products with higher demand and liquidity. 🔳 GMO Coin and Bridgewise Strategic Partnership GMO Coin has formed a strategic partnership with Bridgewise to provide Japanese investors with AI-driven financial insights and personalized investment decision support. 🔳 Dutch Authorities’ Response to Polymarket Dutch authorities have signaled their intent to impose a €420,000 penalty on Polymarket’s operator for violating an order to cease participation in unlicensed online gambling. 🔳 Japanese Banks and AI-Driven Cyber Threats The Chairman of the Japan Bankers Association warned of heightened risks from sophisticated cyberattacks leveraging AI, stating that customer asset protection is paramount and that services such as ATMs may be temporarily suspended if necessary. 🔳 Financial Authorities’ Response to AI Threats The Financial Services Agency and the Bank of Japan have urged financial institutions to strengthen their cybersecurity management systems and promptly implement basic protective measures in light of evolving threats posed by frontier AI technologies. 🔳 Program Announcement The new Economic Editorial Team delivers daily cryptocurrency and blockchain-related news on weekdays; all featured news is also available on their website.