Odaily News The SEC Chairman Paul Atkins stated on the X platform that he will participate in a fireside chat about Project Crypto at the SALT Wyoming Blockchain Conference today. SALT is a global investment platform connecting institutional asset owners with asset managers and tech entrepreneurs.

Jin10 Data reported on June 12 that a key Republican negotiator indicated that Republican senators are considering setting a $30,000 cap on State and Local Tax (SALT) deductions as a compromise between the current law and the more generous limits in the House version of the Trump tax law. Moderate Republican Senator Thom Tillis, who is involved in the negotiations, stated that Republican senators are trying to reduce the $40,000 SALT cap passed by the House to at least $30,000.

U.S. House Republican Speaker Johnson stated that a consensus has been reached to raise the State and Local Tax (SALT) deduction to $40,000, addressing one of the issues that hindered Trump's economic plan. The $40,000 SALT cap will be gradually eliminated, which is considered a significant step forward.

Fission Labs raised $1.6 million in Pre-Seed round led by SALT Fund and Kraynos Capital, with the participation of Anthony Scaramucci, founder of SkyBridge. Fission Labs intends to bring venture capital into on-chain Decentralized Finance applications, launching a testnet on the Ethereum network to support investment and trading of Token supported by private sale equity.

Ledn platform processed approximately $1.16 billion in cryptocurrency loans, with the majority coming from financial institutions. The BTC collateralized loan market is currently around $8.5 billion and is expected to grow to $45 billion by 2030. With more regulated cryptocurrency custodians entering the market, the field is rapidly developing.

U.S. senators say that 2024 will be the time window for encryption legislation to pass, and some bills may still be passed this year. Senators are calling for more support for the encryption industry's interests from the Republican Party than the Democratic Party, and may establish a digital asset subcommittee to promote the passage of relevant legislation.