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Commerce Dept. Asks for Public Comments on Framework for US Crypto Competitiveness
The request is in response to President Biden’s executive order in March asking for agencies to coordinate their approach to digital assets.
Por Nelson Wang
The U.S. Department of Commerce’s International Trade Administration is seeking public comments on how it can respond to President Joe Biden’s executive order on crypto, according to a notice issued on Thursday.
- The executive order called for the Commerce, State, Treasury and other U.S. departments and agencies to establish a framework for enhancing U.S. economic competitiveness in the digital asset sector. It was issued in March.
- In its request, the Commerce Department is specifically asking for comments on a broad range of questions about the global competitiveness of U.S. digital asset businesses, comparisons to traditional financial services and financial inclusion considerations, and technological considerations.
- Written comments must be received on or before 5 p.m. Eastern Time on July 5.
Read more: The US and Europe Can't Regulate Crypto Alone
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Key U.S. Senator on Crypto Bill, Lummis, Negotiating Dicey Points With White House
The Republican lawmaker who is among the core negotiators on the U.S. market structure bill said the White House has rejected some ethics language.
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- Sen. Cynthia Lummis (R-Wyo.) said she is negotiating with the White House on behalf of Senate Democrats trying to insert ethics provisions into Congress' market structure legislation.
- Lawmakers should reveal a new draft market structure bill by the end of the week and hold a markup hearing next week, she said.
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