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- 【Gate Daily Market Digest】📊
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- #Digital Asset Market Clarity Act#
US House Republicans have introduced the Digital Asset Market Clarity Act to clarify crypto regulations. The bill gives the CFTC exclusive authority over digital commodity spot markets, and crypto platforms can register with either the CFTC or SEC. Will this reshape crypto regulation? What’s your take?
#Trump Tariff Update#
A US appeals court has reinstated Trump-era tariffs during the appeal, and further tariff hikes (up to 15% for 150 days) are being considered. Could these tariffs return? How might this affect the crypto market?
#Nvidia Tops Global Marke
The Singapore court has approved the liquidation of the Multichain Foundation, with KPMG taking over the asset recovery operations.
According to the Gate.io News bot, Cointelegraph reported that the Singapore High Court has approved Sonic Labs' liquidation application against the Multichain Foundation and appointed KPMG as the liquidator.
This liquidation application is due to the 2023 Multichain hacker attack incident, which resulted in a loss of $210 million in assets. As former employees refused to cooperate with the investigation, Sonic Labs chose to resolve the matter through legal means.
KPMG, as the liquidator, will be responsible for recovering assets, and all recovered funds will be used to return to the affected users. It is worth noting that Multichain has ceased operations in 2024, and its CEO has been detained by the police.