In today's crypto news, President Trump has exempted certain electronics like smartphones and processing chips from trade tariffs, providing relief to US tech companies. Following this announcement, Bitcoin surged approximately 2.5%, breaking the $85,000 mark, which indicates a renewed risk appetite among investors. Meanwhile, former Binance CEO Changpeng Zhao, known as CZ, denied allegations that he consented to testify against Tron founder Justin Sun as part of a plea deal with US prosecutors, calling the claims baseless. He pointed out discrepancies in the Wall Street Journal’s report and dismissed it as an attempt to smear his reputation. Additionally, acting SEC Chair Mark Uyeda proposed a temporary regulatory framework for the crypto industry while permanent regulations are developed, advocating for a conditional exemptive relief to foster innovation in blockchain technology. During a roundtable discussion, Uyeda emphasized the need for a short-term solution to support the evolving crypto landscape in the US while working towards long-term regulations.

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