People’s Bank of China officials to address economic support at Lujiazui Forum

A shift to an overnight rate policy by China's central bank could lead to more volatile short-term liquidity and impact global financial markets. The post People’s Bank of China hints at shift toward overnight rate policy appeared first on Crypto Briefing.

The crypto industry's significant investment in Moore's campaign highlights the growing influence of digital asset regulation in U.S. politics. The post Crypto industry backs Barry Moore in Alabama Senate race with nearly $7M war chest appeared first on Crypto Briefing.

China's sustained gold acquisition signals a strategic shift towards diversifying reserves, potentially impacting global gold markets and currency dynamics. The post People’s Bank of China extends gold-buying streak to 19 months with massive May haul appeared first on Crypto Briefing.

DOJ's insider trading prosecutions in prediction markets signal a major shift in legal landscape. The post Steve Sosnick: DOJ’s insider trading prosecutions target prediction markets, legal definitions of insider trading differ from public perception, and the Chastain case reshapes digital asset regulation | Unchained appeared first on Crypto Briefing.

XRP marked its 14th anniversary on Tuesday, June 2, with Ripple executives and long-time community figures reflecting on the asset’s origins just as the company announced a larger footprint in Washington, D.C. The timing places XRP’s history and Ripple’s policy ambitions side by side, at a moment when US digital asset regulation remains a central […]

Ripple expanded its Washington, D.C., office as institutional crypto adoption accelerates and U.S. policymakers debate the future of digital asset regulation. The move emphasizes clear rules, consumer protection, and collaboration with regulators and industry stakeholders. Expanded Washington Presence Reflects Long-Term Policy Engagement Ripple announced on June 2 that it expanded its Washington, D.C., office, reinforcing […]

The SEC placed digital asset regulation at the forefront of its draft strategic plan, signaling that crypto policy will be a key focus for the agency in the coming years. The proposal calls for a clearer regulatory framework as blockchain-based markets and tokenized financial products continue to expand. SEC Puts Crypto Rules at the Front […]

The post PBOC sets USD/CNY reference rate at 6.8167 vs. 6.8176 previous appeared on BitcoinEthereumNews.com. On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8167 compared to Friday’s fix of 6.8176 and 6.7643 Reuters estimate. PBOC FAQs The primary monetary policy objectives of the People’s Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. The PBoC is owned by the state of the People’s Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party (CCP) Committee Secretary, nominated by the Chairman of the State Council, has a key influence on the PBoC’s management and direction, not the governor. However, Mr. Pan Gongsheng currently holds both of these posts. Unlike the Western economies, the PBoC uses