China's Judicial Response to Virtual Currencies Takes Center Stage Amid Global Regulatory Shifts

The global cryptocurrency market is abuzz with developments as key stakeholders and governments weigh in on regulation. In China, the Supreme People's Court has signaled its intention to enhance judicial responses to emerging financial cases, including virtual currencies.

Former US President Donald Trump has urged lawmakers to pass the 'Ban Insider Trading Act' without delay, emphasizing the need for swift action to prevent illicit activities. Notably, Trump also expressed disappointment over a recent Supreme Court decision, reiterating his commitment to implementing tariff policies.

In related news, xAI has secured an agreement with the US Department of Defense allowing its AI model, Grok, to be used in classified systems. The Blockchain Association, representing the crypto industry, has submitted a tax proposal to the US Congress for consideration.