Odaily News According to Fox Business News: U.S. Oregon Democratic Senator Jeff Merkley proposed an amendment to the "Big and Beautiful Act" (OBBB) to prohibit elected officials from promoting or profiting from cryptocurrency tokens in which they have a financial interest. U.S. Republican Senator Lummis of Wyoming opposed the amendment, saying it would seriously damage U.S. innovation and competitiveness and undermine the government's ability to effectively understand and regulate digital assets.

Odaily News US President Trump said on social media: Powell and his entire committee should be ashamed for letting this happen in the United States. Their job is one of the easiest but most prestigious jobs in the United States, but they have failed and continue to fail. If they did their job properly, our country could save trillions of dollars in interest costs. The committee just sat there and watched, so they are also to blame. Our interest rate should be only 1%, or even better! (Jinshi)

Odaily News The stock tokenization platform xStocks of the crypto exchange Kraken is now online. It is currently launched on Kraken and Bybit, and has achieved tokenization and 24-hour trading of 60 US stocks. In the future, more tokenized stocks will be launched and listed on Solana. Related reading: "Crypto and US stocks are going both ways, taking stock of the 8 major securities tokenization trading platforms"

Odaily News According to market news: Goldman Sachs has brought forward the time for the Fed to cut interest rates from December to September. (Jinshi)

Odaily News U.S. Senator Cynthia Lummis posted on the X platform that the United States is a leader in financial innovation and thanked President Trump for continuing to maintain this position. She is currently drafting an amendment to the "Big and Beautiful" bill to ensure that Americans can use digital assets with peace of mind without worrying about tax violations. Market analysis shows that Cynthia Lummis's amendment to the "Big and Beautiful" bill may exempt capital gains taxes on Bitcoin payments

Odaily News Arbitrum posted on the X platform that Robinhood will launch tokenized stocks on Arbitrum One, and L2 is built on the Orbit stack. Robinhood will issue more than 200 US stock and ETF tokens on Arbitrum One for EU customers to use directly in their Robinhood application.