Gate Daily (July 8): US SEC Releases 2026 Regulatory Agenda; EU Adopts Digital Asset Policy after MiCA Transition Period

Bitcoin (BTC) edged slightly lower after a rebound, temporarily trading around $63,570 on July 8. The U.S. Securities and Exchange Commission (SEC) released its 2026 regulatory agenda, proposing revisions to rules for crypto exchanges and broker-dealers, as well as easing corporate filings. EU lawmakers adopted a digital asset policy stance after the transition period of the Markets in Crypto-Assets Regulation (MiCA), assessing DeFi, staking, crypto lending, and NFTs.

Macro Events & Crypto Hotspots

1. According to The Block, the U.S. Securities and Exchange Commission (SEC) has officially released its 2026 regulatory agenda. The document not only outlines the blueprint for reform in the U.S. capital markets for the new year but also explicitly lists "resolving how crypto assets apply to traditional regulatory rules" as a major priority by the end of this year.

In the latest published agenda, the SEC plans to provide clear road rules for the issuance, custody, and trading of crypto assets. The most substantive changes will focus on rule amendments for broker-dealers and exchanges. The SEC's proposed specific rule changes include:

· Revising the minimum liquid capital rule for broker-dealers: Redefining the minimum liquid capital standards that broker-dealers must maintain when holding or trading crypto assets.

· Revising customer asset protection rules in bankruptcy: Clarifying how to effectively isolate and protect customers' crypto assets from infringement when a broker-dealer faces bankruptcy liquidation.

· Revising recordkeeping rules: Tailoring recordkeeping standards for broker-dealers' crypto assets to address the decentralized and immutable characteristics of blockchain.

· Considering proposing new exchange rule modifications: Evaluating how to bring existing crypto trading platforms into compliance or incorporate them into a new type of trading system framework.

2. According to CoinTelegraph, EU lawmakers on Tuesday passed a position paper on digital assets, outlining the EU's views on how to approach crypto regulation after the launch of the MiCA framework. The paper calls on the European Commission to assess whether activities such as DeFi, crypto lending, staking, and NFTs should be more clearly included in the EU's regulatory scope. The paper also urges member states to implement the MiCA regulations consistently and warns against national rules that could fragment the EU's digital asset market.

MiCA's transition period ended on July 1, requiring crypto-asset service providers under the framework to obtain EU-wide or national authorization to continue operating within the EU.

News Updates

1. Russian State Duma approves final version of crypto regulation bill, removes mandatory requirement to report wallet addresses

2. Justin Sun: BitTorrent team has completed BTTC cross-chain bridge retirement plan, all funds are safe

3. Wormhole: Moonbeam network to shut down on July 31, 2026

4. New Hampshire lawmakers to hold hearing on $100 million bitcoin bond on Wednesday

5. US-Iran ceasefire falters in less than 20 days: US heavily bombs Iran, revokes oil waivers, scale of strikes expands fivefold

6. Strike launches "volatility-resistant" bitcoin loans to prevent forced liquidation of bitcoin

7. Zcash nears completion of mathematical proof for counterfeiting vulnerability

8. US SEC may propose crypto rules as early as this month to simplify startup fundraising

9. US SEC releases 2026 regulatory agenda, plans to revise crypto asset rules for exchanges and broker-dealers

10. US SEC Chair announces 2026 regulatory agenda: Focus on crypto assets and capital market reform

Market Trends

1. Latest Bitcoin news: $BTC edged slightly lower after a rebound, temporarily trading around $63,570. In the past 24 hours, liquidations totaled $67.25 million, primarily long positions.

2. U.S. stocks closed lower on July 7, with selling pressure in AI and semiconductor stocks intensifying. Samsung Electronics' earnings failed to meet high market expectations, coupled with attacks on ships in the Hormuz Strait pushing up oil prices and bond yields, raising investor concerns about whether the AI rally can continue. The Dow Jones Industrial Average fell 130.76 points, or 0.3%, to close at 52,925.15; the S&P 500 fell 33.58 points, or 0.5%, to 7,503.85; the Nasdaq Composite fell 302.47 points, or 1.16%, to 25,818.69, down 4.7% from its all-time high on June 2.

(Source: Gate)

3. In the Gate BTC/USDT liquidation map, based on the current price of 63,629.20 USDT, if it falls to around $62,400, cumulative long liquidation volume exceeds $645 million; if it rises to around $64,350, cumulative short liquidation volume exceeds $133 million. Short-side liquidation volume is significantly lower than long-side, suggesting reasonable leverage ratios to avoid triggering large-scale liquidations during market fluctuations.

(Source: Coinglass)

4. Over the past 24 hours, BTC spot inflows were $1.66 billion, outflows were $1.69 billion, with a net outflow of $30 million.

(Source: Coinglass)

5. Over the past 24 hours, $LAB, $EVAA, $ADA, $ZEC, $CL led in net contract outflows, presenting trading opportunities.

X KOL Selected Views

Phyrex Ni (@Phyrex_Ni): "Today's U.S. stocks, especially AI and semiconductors, are still not looking good, driving indices down. I've written seven or eight related tweets recently, pinned at the top. Many friends who moved from crypto to U.S. stocks still use rough strategies. I find it hard to comment, but for U.S. stocks, data significance may be more important."

"For example, capital flows, reasons for institutions and hedge funds exiting tech stocks, where retail funds came from in this round, whether there is excessive leverage or higher-leveraged ETFs—these are data that affect stock trends, especially when the U.S. is still in a period of monetary tightening, with high rates being unfriendly."

"However, compared to U.S. stocks, Bitcoin performed well today. Not only was it unaffected by Monday's $MSTR selling $BTC , but it actually rose to $64,000. I saw a comment in the English crypto community suggesting this rise correlates with whether Trump's account includes Bitcoin—of course, that's just one theory."

"Actually, we've been saying that buying sentiment for Bitcoin has been very high starting from $60,000. Yesterday's spot ETF data shows almost all institutions had net inflows. Although the amounts are small, it indicates traditional investors may be paying attention to Bitcoin again."

Today's Outlook

1. Germany Q1 GDP (year-on-year, unadjusted), prior 0.5%

2. Germany Q1 GDP (quarter-on-quarter, seasonally adjusted), prior 0.3%

3. U.S. Weekly EIA crude oil inventory change (10,000 barrels, to Jul 3), prior -3.775 million

4. Reserve Bank of New Zealand interest rate decision

5. RBNZ Governor Breman holds monetary policy press conference