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Jinse Finance reported that, according to crypto journalist Eleanor Terrett, crypto lawyer Khurram Dara stated in his first interview after announcing his candidacy for New York State Attorney General that the New York State Bitcoin license (BitLicense) is an illegal regulation that infringes upon the economic rights of crypto companies intending to conduct business in the state.

Jinse Finance reported that central banks in various countries have warned that market volatility triggered by tariffs could lead to stablecoin runs, which in turn may trigger a concentrated sell-off of U.S. Treasury bonds. The rapid expansion of stablecoins has already constituted a systemic risk, and large-scale redemption activities could impact global financial stability. Faryar Shirzad, a policy executive at an exchange, stated, "The fully reserved collateral mechanism makes stablecoins safer than the banking industry," and "their broader adoption would actually enhance stability." He further explained, "Banks issue long-term and often high-risk loans to individuals and businesses, exposing themselves to both credit risk and liquidity risk. In contrast, stablecoin issuers typically hold short-term government bonds, which are virtually risk-free and highly liquid."