Major News Headlines for Today

1. Ripple CEO Testify At U.S. Senate Banking Committee Hearing
CEO Brad Garlinghouse of Ripple will attend a U.S. Senate Banking Committee hearing scheduled for Jul. 9 and testify to establish regulations on cryptocurrency in the U.S. The hearing calls for a clear definition of cryptocurrency in the U.S. and a classification of regulatory agencies.

2. U.S. SEC Asks to Revise Solana Spot ETF Application..."Approved at the End of July?"
The U.S. Securities and Exchange Commission(SEC) has requested a revision of the Solana spot exchange-traded fund(ETF) approval application filed by Fidelity on Jul. 8. The SEC's request is the first time for the SEC to directly communicate with the new Solana spot ETF. At the SEC's request, Fidelity must submit a revised document within three weeks.

3. Ton "UAE Long-Term Residency, Independent Ideas"
The Ton Foundation, which insisted that it would provide a 'golden visa' for long-term residence in the United Arab Emirates(UAE) under Tone's staking deposit, said in an official blog post on Jul. 7 that the Tone Foundation's claim was a one-sided idea and that it should cooperate with UAE government agencies in the future. The Tone Foundation explained that no official cooperation has yet been made with the UAE and that the idea is only in the early stages of development.

권승원 기자 ksw@blockstreet.co.kr