Crypto Market Update: Vietnam Regulation, ETF Growth, and Market Decline

The SEC has officially withdrawn proposed DeFi sector regulations and crypto asset custody rules previously introduced by former Chairman Gary Gensler. The June 13, 2025 decision marks a significant shift from the February 2024 stance when the SEC had adopted stricter oversight measures for DeFi protocols. Key points: - Complete withdrawal of proposed DeFi regulations - Removal of proposed crypto custody rules - Reversal of February 2024 regulatory framework This regulatory pullback may reduce compliance burdens for DeFi protocols and could support sector growth. Industry participants should monitor for potential new guidance from the SEC.

Ukrainian lawmakers introduced groundbreaking legislation (Bill 13356) that would allow the National Bank to include cryptocurrencies in state reserves. This could set a global precedent for national crypto adoption. Other significant developments: - SEC requested updated Solana ETF filings, decisions expected by July 24 - Canary Capital filed for first US Solana ETF with staking rewards - Senate to vote on stablecoin bill June 17 - Solana Strategies aims to raise $1B for ecosystem growth The stablecoin bill notably includes provisions preventing elected officials from profiting through crypto connections.

xUSD is highlighting the benefits of minting on Arbitrum: - **Lightning-fast transactions**: Arbitrum's Layer 2 solution offers rapid processing times. - **Pocket-friendly gas fees**: Lower transaction costs compared to Ethereum mainnet. - **Seamless entry to xUSD ecosystem**: Easy onboarding for new users. The combination of efficient minting and Arbitrum's advantages opens up numerous possibilities for xUSD users. This update emphasizes the platform's commitment to providing a user-friendly and cost-effective stablecoin experience. **Key Takeaway**: Minting xUSD on Arbitrum offers speed, affordability, and accessibility.