U.S. Senator Marsha Blackburn (R-TN) has announced, in a press release sent to Bitcoin Magazine, that her re-election campaign now accepts cryptocurrency donations. This move comes as Blackburn’s campaign recently launched a page dedicated to Bitcoin donations.

“Our campaign is committed to meeting supporters where they are,” said Senator Blackburn. “As a growing number of Americans utilize digital currencies for everyday transactions, we are excited to take this next step and stay on the cutting edge of the 21st-century digital world.”

This announcement follows a recent trend of Bitcoin adoption among U.S. politicians. Just yesterday, Blackburn chaired the RNC Platform Committee…

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The Bank of Italy is set to release guidelines that will facilitate the integration of new European Union regulations on crypto assets. Governor Fabio Panetta announced these developments during a speech at the Italian Banking Association. These guidelines aim to support the stable operation of the payment systems amidst evolving digital finance landscapes.

According to Panetta, the upcoming EU regulation, known as the Market in Crypto Asset (MiCA) Regulation, will include provisions for electronic money tokens (EMTs) and asset-referenced tokens (ARTs). These tokens are designed to meet the stringent requirements necessary for use as payment methods. EMTs are specifically tied to the value of a single official currency, enhancing their stability and trustworthiness.

Panetta emphasized the critical role of EMTs, stating that they are the most viable digital instruments for preserving public trust in payments. These can be issued by banks or electronic money institutions, ensuring a secure and regulated approach to digital currency transactions.

Reuters

Blockchain-focused asset manager DigitalX has secured regulatory approval to launch its spot Bitcoin exchange-traded fund (ETF), marking the second Bitcoin ETF to trade on the Australian Securities Exchange (ASX). Set to debut under the ticker BTXX on July 12 at 10 am local time, the approval was hailed as a “watershed moment” by DigitalX CEO Lisa Wade. Wade emphasized that the DigitalX Bitcoin ETF is a spot ETF product, offering ASX customers direct access to Bitcoin via a regulated and liquid fund structure. DigitalX’s Chair, Toby Hicks, noted the approval as a reflection of the growing and developing digital assets market in Australia.

DigitalX partnered with investment management firm K2 Asset Management to serve as the responsible entity and issuer of the spot Bitcoin ETF. Additionally, the company will collaborate with cryptocurrency-focused investment firm 3iQ to promote and distribute the product across Australia and internationally. This launch follows the recent approval of VanEck’s spot Bitcoin ETF by the ASX on June 15, which started trading on June 20. Despite VanEck’s ETF closing its first trading day with $1.3 million in volume, it still lags behind the average daily volume seen by the nine United States spot Bitcoin ETFs. Australian fund manager Betashares is also reportedly pursuing a Bitcoin ETF on the ASX.

June’s web traffic statistics for major cryptocurrency exchanges reveal significant variations, indicative of shifting user behaviors and market conditions. Binance leads with 65 million visits, despite a slight 1.3% drop, showcasing its dominance in the sector. Conversely, Coinbase experienced a more notable decrease of 10%, which may reflect changing user preferences or increased competition affecting its market position.

In contrast, BYBIT saw a traffic increase of 10%, suggesting effective strategies in attracting users or expanding its offerings. Similarly, Gate.io and BingX reported increases of 8% and 11% respectively, marking significant growth that could indicate successful marketing efforts or enhanced user engagement.

Other platforms like Bitget and Whitebit saw declines in their traffic, down by 3.4% and 5% respectively, while HTX and BitMart experienced minor drops of 1%. These fluctuations underscore the competitive and volatile nature of the cryptocurrency exchange market, highlighting how different platforms are adapting to ever-changing market demands and user interests.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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A Republican National Committee panel has approved a draft of its 2024 party platform, which includes strong support for Bitcoin. On page nine, the draft explicitly states, “We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their digital assets, and transact free from Government Surveillance and Control.” Additionally, it promises to end what it describes as the Democrats’ “unlawful and unAmerican Crypto crackdown” and opposes the creation of a Central Bank Digital Currency (CBDC). The Hill reports that the platform committee overwhelmingly approved the new draft, which will face a final vote on Tuesday.

This decision signifies the Republican party’s clear stance in favor of Bitcoin and cryptocurrency innovation, positioning itself against the current approach by the Biden Administration and Democrats. The draft highlights the growing interest and advocacy for Bitcoin protection and support within the party, aligning with broader trends of Bitcoin adoption among various Republican politicians. In May, Donald Trump stated his commitment to ensuring that “the future of crypto and Bitcoin will be made in the USA.”