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Jinse Finance reported, citing an article from The Block, that several cryptocurrency companies, including a certain exchange, Paxos, and Uniswap Labs, are urging Senate committee leadership to include adjustment provisions in market structure-related legislation. Over the past year, members of the U.S. House of Representatives and Senate have been advancing legislative efforts aimed at comprehensively regulating the cryptocurrency industry. Relevant stakeholders have stated that if the necessary protective measures are not implemented, they will be unable to support this market structure bill.

ChainCatcher reported that Cycle Network now officially supports the stablecoin USD1. According to information released on Cycle Network's official Twitter, the platform is building a multi-chain settlement layer, aiming to achieve seamless multi-chain interaction through a three-layer architecture. The goal is to become the "VisaNet" of the crypto industry and drive crypto payments into the mainstream. It is reported that the platform hopes to bring broader application prospects to the industry ecosystem by supporting the stablecoin USD1. For example, merchants can conveniently receive cryptocurrency just like fiat currency; users can enjoy low-cost, frictionless transfer experiences; and developers can easily integrate stable payments, enabling one-click global payments.