2025-05-30 Market Watch: Crypto sees regulatory shifts, adoption, and market moves

Here is what happened yesterday in the crypto market:

US Lawmakers Introduce Bipartisan Regulatory Framework for Digital Assets

US Representatives have introduced the Digital Asset Market Clarity Act of 2025, aiming to establish a clear regulatory structure for digital assets. This bipartisan effort seeks to provide much-needed clarity to the crypto market.
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Bybit Obtains MiCA License in Austria, Expanding EU Presence

Crypto exchange Bybit has secured a Markets in Crypto-Assets (MiCA) license in Austria, enabling it to broaden its services within the European market. This move marks a significant step for Bybit’s expansion and compliance with European regulations.
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Reform UK to Accept Crypto Donations, Farage Pledges Pro-Crypto Legislation

Reform UK, led by Nigel Farage, will be the first European political party to accept crypto donations. Farage has also promised to introduce crypto-friendly legislation and establish a Bitcoin reserve if his party comes to power.
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Telegram Raises $1.7 Billion Via Convertible Bonds

Telegram has successfully raised $1.7 billion through a convertible bond offering. The funds will be used to refinance existing debts and extend repayment timelines for the messaging app.
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SEC Files to Dismiss Lawsuit Against Binance

The U.S. Securities and Exchange Commission (SEC) has filed to dismiss its lawsuit against crypto exchange Binance, without providing a specific explanation in the court filing.
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