Trump will sign the "Beautiful Big Law" at 5 AM Beijing time on Saturday.

Gate News bot news, according to the summary of key events by Baihua Blockchain, U.S. President Trump will sign the "Beautiful Big Bill" at 5 AM Beijing time on Saturday. The U.S. Securities and Exchange Commission (SEC) suddenly rejected the GDLC listing application, and Grayscale stated that it will continue to advance the encryption ETF conversion plan.

Important Events from Last Night to This Morning:

1. Trump will sign the "Beautiful Big Law" at 5 AM Beijing time on Saturday;

2. SEC's sudden GDLC listing application, Grayscale still plans to advance the encryption ETF conversion plan;

3. The U.S. House of Representatives will establish "encryption week" in mid-July to advance the "GENIUS Act" and two other pieces of legislation;

4. A U.S. Senator submits an independent encryption tax bill aimed at ending double taxation and clarifying the tax rules for staking and mining;

5. Ondo Finance and Pantera Capital launch a $250 million fund;

6. U.S. Treasury Secretary Yellen: If the Federal Reserve does not cut interest rates at this meeting, the rate cut in September may be larger;

7. Multiple xStocks on-chain US stocks experienced decoupling, with HOODX briefly breaking through 800 dollars;

8. A New York law firm has filed a class action lawsuit against Strategy, accusing it of misleading investors about the profitability of its Bitcoin strategy.

9. Tether issued 1 billion USDT on the Ethereum network 5 hours ago;

10. In the first half of the year, stablecoins accounted for 74.6% of the total institutional over-the-counter trading volume, with USDC trading volume growing 29 times compared to the same period last year.