Golden Midday Report | Overview of Important Updates on July 20th

[Golden Midday Report | July 20th Midday Important Updates Overview] 7:00-12:00 Keywords: Besant, GENIUS Act, El Salvador

1. Insider: Bessenet advised Trump not to dismiss Powell;
2. Salvador Finance Minister: No more Bitcoin purchases since February;
3. Tim Draper: Macroeconomic factors will weaken the impact of the Bitcoin halving cycle;
4. Mastercard Global Policy Chief: The Genius Act is a "turning point" for the mainstream adoption of stablecoins;
5. Shanghai announced a case of illegal cross-border currency exchange using stablecoins, involving an amount of 6.5 billion yuan;
6. White House: The legislative passage of the "GENIUS Act" will pave the way for the United States to lead the global digital currency revolution;
7. U.S. lawmakers issued a warning regarding the GENIUS Act, calling it a "Trojan horse" for central bank digital currency.