JPYC's Okabe Inquires About Stablecoin Donations for Kumamoto Earthquake Relief to the Financial Services Agency

On July 29, Noritaka Okabe, president of JPYC, which handles the Japanese yen stablecoin "JPYC," revealed on his X account that he had inquired with the Financial Services Agency's Fintech Support Desk about a donation mechanism using stablecoins for relief efforts in the areas affected by the Kumamoto earthquake that occurred on the 28th.
Okabe explained that JPYC would collect donations and provide cash to local governments and other entities, while also maximizing support for donors who wish to redeem their contributions. He noted that this method would not require system modifications and could be initiated the quickest.
I am Bokujyuumai (@bokujyuumai), specializing in cryptocurrency for 11 years. Reports have emerged that the approval of the Clarity Act, which is a prerequisite for the surge of Ethereum (ETH) and Bitcoin (BTC) within 2026, is being discussed by President Trump, who advocates for cryptocurrency, with U.S. Senate members.
On July 28, CoinDesk reported that the U.S. Senate plans to postpone discussions on the Clarity Act, which establishes a comprehensive regulatory framework for the cryptocurrency market.
Politico reported on July 28 that two organizations representing U.S. prosecutors are seeking amendments to the "CLARITY Act" concerning the structure of the cryptocurrency market.
The "net position change of long-term Bitcoin holders (30-day cumulative)" has reached one of the highest positive levels ever. This indicates that the BTC that has moved to long-term holders significantly exceeds the BTC sold by them.
On July 28, gumi announced that it would start operating the "SBI Crypto Fund I," a cryptocurrency management fund jointly established by its subsidiary gC Labs and SBI Financial Services, on August 1.
Convano, which operates the nail salon "FASTNAIL" and is listed on the Tokyo Stock Exchange Growth Market, announced on July 24 the complete sale of its cryptocurrency holdings worth approximately 8.7 billion yen. Following the resignation of Director Akira Hirata, who led the BTC holding strategy, the company has made its stance on withdrawing from the cryptocurrency business clear.
According to a report by the South Korean cryptocurrency media Digital Asset on July 24, at least 29 overseas cryptocurrency exchange apps, including OKX and Bybit, are currently unable to be newly installed on Google Play in South Korea.