#April CPI Data Released#

Trump: I am a big fan of crypto.
Trump: We are ahead of China in cryptocurrency.
JP Morgan has completed the first tokenized bond transaction publicly on the Ondo blockchain.
The Chairman of the U.S. Securities and Exchange Commission, Paul Atkins, has rolled up his sleeves to implement regulations that will support the crypto industry. Atkins stated that the SEC will focus primarily on three areas under its own administration. These are token issuances, custody, and trading activities.
Atkins stated that the "shoot first, ask questions later" approach of former Chairman Gary Gensler is now behind us, emphasizing that in the new era, they will not force crypto companies to go abroad.
Regarding token issuances, Atkins stated that he is determined to pursue a new route to establish new rules that will comply with the crypto industry.
The Chairman stated that companies should be offered more options on how to store their crypto assets regarding custody. Expressing his satisfaction with the repeal of the SAB 121 rule, which complicates the collaboration of crypto companies with banks, Atkins said, "Under certain conditions, custody rules can be updated to allow advisors and funds to hold cryptocurrencies in-house."
Finally, Atkins noted that he is open to the purchase and sale of a wider range of products. The chairman also added that he wants to investigate whether any rule changes are needed to facilitate the listing and trading of cryptocurrencies on national securities exchanges such as the New York Stock Exchange or Nasdaq.