PANews reported on June 19 that according to Decrypt, cryptocurrency prime broker FalconX is in initial contact with investment bank advisors and plans to submit an IPO application as early as 2025, taking advantage of the current wave of crypto companies going public. Sources said that FalconX has recently increased its mergers and acquisitions efforts and established cooperation with Standard Chartered Bank, Cantor Fitzgerald, etc., with the intention of expanding institutional services. The company's valuation in 2022 was once US$8 billion.

Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

