ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan stated that with the appointment of AI and cryptocurrency "czar" David Sacks by Trump to advance reasonable regulatory policies, fraud and bad actors in the crypto industry will significantly decrease over the next four years. Hougan believes that the previously enforcement-oriented regulatory approach has actually increased risks for investors.Previously, Sacks indicated that the Digital Asset Working Group would focus on establishing market structure norms, a regulatory framework for stablecoins, and assessing national digital asset reserves.

ChainCatcher news, according to Cointelegraph, Coinbase CEO stated at the Davos Forum that during Trump's presidency, the U.S. Congress may introduce new cryptocurrency legislation that would help unlock significant investments in the industry.

ChainCatcher news, cryptocurrency exchange Gemini announced that it will establish a dedicated compliance center in Malta to ensure compliance with the EU's Markets in Crypto-Assets Regulation (MiCA) framework. This initiative follows Gemini's receipt of its sixth European Virtual Asset Service Provider (VASP) registration certificate issued by the Malta Financial Services Authority (MFSA) in December 2024.Gemini stated that Malta actively supports fintech innovation and the crypto ecosystem, providing an ideal environment for its operations in Europe.

ChainCatcher message, Ripple's Chief Legal Officer Stuart Alderoty outlined six key principles on New Year's Eve, urging the U.S. SEC to adopt a prudent approach to cryptocurrency regulation:The SEC has jurisdiction only over securities transactions;Selling gold bars with contractual rights, ownership, or mining interests may constitute a securities transaction;Selling the same gold bar without post-sale rights or obligations is merely an asset sale, which the SEC has no authority to regulate;The SEC's jurisdiction will not expand based on its self-serving view of who "should" disclose;Tokens are not securities, although they can be the subject of securities transactions;The notion that tokens can "evolve" from securities to non-securities is a fictional fallacy with no legal basis.

ChainCatcher news, a report from CITIC Securities states that if Trump plans to relax regulations on the cryptocurrency industry after taking office as President of the United States in 2025, the primary task will be to clarify the regulatory responsibilities of the industry. Against this backdrop, the currently stalled "21st Century Financial Innovation and Technology Act" in the U.S. Senate is expected to gain new momentum. With the anticipated easing of the regulatory environment in the U.S., the cryptocurrency industry chain in the U.S. stock market is expected to receive a positive boost, and three directions are recommended for attention:The increase in trading activity in the U.S. cryptocurrency industry may benefit U.S. cryptocurrency exchanges;Favorable policies for the U.S. cryptocurrency industry are expected to promote the growth of mining machine demand;The development of the U.S. cryptocurrency industry may benefit the U.S. utility sector. (Jin Shi)

ChainCatcher news, according to Ledger Insights, the German Parliament (Bundestag) passed the Financial Market Digitalization Act (Finanzmarktdigitalisierungsgesetz of FinmadiG) this week. The parliament responded to industry demands to ensure legislation is in place before MiCAR fully comes into effect on December 30.FinmadiG not only pertains to cryptocurrencies and MiCAR but also affects other EU laws, such as DORA and the Funds Transfer Regulation. For MiCAR, it introduces the Cryptocurrency Market Regulation Act (KMAG), which replaces Germany's old cryptocurrency rules with MiCAR.Technically, MiCAR is a regulation, so local laws are not required. However, legislation must designate BaFin as the regulatory authority; otherwise, BaFin cannot issue licenses. This will allow EU companies with cryptocurrency licenses from other countries to operate in Germany, but German companies will not be able to operate in the EU.Additionally, MiCAR allows companies holding existing licenses to continue operating for up to 18 months, with the transition period determined by each jurisdiction. The new German legislation specifies one year.

ChainCatcher news, Ripple's Chief Legal Officer Stuart Alderoty posted on social platform X, calling on the U.S. Congress to establish a regulatory framework for cryptocurrencies that supports innovation. He emphasized that regulation should focus on behavior rather than the technology itself, and suggested adopting a framework familiar to regulators and judges, avoiding the incorporation of abstract policy principles from previous administrations into law without thorough research.SEC Commissioner Mark Uyeda recently also publicly criticized the SEC's tough enforcement stance, arguing that it is inappropriate to take enforcement action solely for being unregistered. The industry anticipates that the Trump administration may appoint cryptocurrency supporter Paul Atkins to a regulatory position, signaling a more friendly regulatory environment.

ChainCatcher news, according to CoinDesk, the European Securities and Markets Authority (ESMA) released its final guidance on Tuesday to assist member states in implementing the upcoming regulations. ESMA published the final report on reverse solicitation, systems, the potential classification of cryptocurrencies as financial instruments, and technical standards for preventing market abuse.The EU's dedicated regulation for the cryptocurrency industry, the Markets in Crypto-Assets (MiCA) regulation, is set to come into effect on December 30 across 27 member states. However, some countries have yet to develop legislation to implement MiCA. The Bank of Portugal stated on Monday that, as the legislation has not yet been passed, it is currently unclear which national authority will be responsible for these rules. Industry associations noted that part of the delay in national authorities is due to the short time gap between ESMA's release of the final technical standards in October and the implementation date.ESMA Chair Verena Ross stated, "Looking ahead, as the transition period progresses, we will continue to provide guidance and work with all national competent authorities (NCAs) to ensure the smooth implementation of MiCA and support a level playing field through regulatory convergence actions."

ChainCatcher news, according to Cryptoslate, the UK's Financial Conduct Authority (FCA) launched a public consultation on cryptocurrency regulation on December 16, 2024. The new framework aims to balance innovation and risk control, focusing on issues such as market manipulation and financial fraud.The FCA proposed to authorize trading platforms to share information on suspicious market abuse and will restrict the operations of unregistered crypto businesses. The consultation period will last until March 14, 2025, with a draft regulatory framework expected to be released in 2025 and plans for full implementation in 2026, covering areas such as trading activities, stablecoin regulation, and asset custody.

ChainCatcher news, according to OKG Research analysis, the FIT 21 bill, stablecoin-related legislation, and the repeal of the SAB 121 proposal are the three most likely and crucial crypto regulations to be introduced in the future.If the FIT 21 bill is passed, it is expected to promote the launch of spot ETFs for cryptocurrencies like SOL and XRP, and inject new momentum into the DeFi sector, especially through exemption policies and RWA integration. At the same time, the SEC may allow Ethereum spot ETF staking, which will attract attention to staking projects within the DeFi ecosystem.The market share of stablecoins in cross-border payments and settlements will continue to grow, expected to surpass traditional financial institutions like Visa. The repeal of the SAB 121 proposal will simplify the compliance burden for crypto custodians, attracting more banks and institutional investors into the crypto space.

ChainCatcher news, Jorge Tenreiro, who previously served as the acting head of the cryptocurrency and cybersecurity oversight division of the U.S. Securities and Exchange Commission (SEC), has been appointed as the chief litigation counsel, expanding his responsibilities. Tenreiro played a significant role in several landmark cases, including the lawsuit against Ripple Labs.This promotion comes as the Trump administration is about to take office, indicating that the SEC will continue to enforce strict cryptocurrency regulations. The establishment of Tenreiro's new position is expected to drive crypto innovation while continuing to focus on areas such as ICOs, token sales, and market manipulation, further influencing the legal standards for cryptocurrencies.

ChainCatcher news, according to Coindesk, the European Parliament approved the list of commissioners on Wednesday, which includes those responsible for overseeing digital asset regulation. Commissioners Stéphane Séjourné, Maria Luís Albuquerque, and Henna Virkkunen may bring cryptocurrencies under their jurisdiction.In September, European Parliament President Ursula Von der Leyen proposed a list of commissioners. Although cryptocurrencies are not the core topic of these positions, the committee will be responsible for ensuring the implementation of digital asset rules.Additionally, the EU's crypto assets market legislation MiCA will come into full effect at the end of December, so more work may be needed to ensure implementation.

ChainCatcher news, according to CoinDesk, the UK's financial regulator FCA plans to implement a cryptocurrency regime by 2026 to address the growing ownership of cryptocurrencies in the country.The roadmap released by the FCA indicates that the agency plans to publish a discussion paper on market abuse and disclosure by the end of this year, and intends to release documents regarding stablecoins, trading platforms, staking, prudent cryptocurrency risk exposure, and lending by early next year. The regime is set to take effect after the final policy statement is published in 2026.A study commissioned by the FCA shows that the country's crypto asset holdings have increased by 4% over the past two years, with approximately 7 million adults owning crypto assets among the country's roughly 68 million population.

ChainCatcher News, the American Blockchain Association announced that it submitted a letter to the newly elected President Trump and the new Congress on behalf of its nearly 100 members, outlining the priorities that need to be considered in the first 100 days affecting the cryptocurrency industry.Key points include: establishing a cryptocurrency regulatory framework, ending the de-banking of cryptocurrency and blockchain technology companies, appointing a new SEC chairman and rescinding SAB 121, appointing new leadership at the Treasury and the IRS, and establishing a cryptocurrency advisory committee to work with Congress and federal regulators.

ChainCatcher news, according to Coindesk, based on Bernstein's research report, Robinhood is expected to be the biggest beneficiary of the potential relaxation of cryptocurrency regulations in the United States.With the possible pro-cryptocurrency policies from the U.S. Securities and Exchange Commission (SEC), Robinhood's market potential is expected to increase significantly. Bernstein raised the target stock price for this trading platform from $30 to $51 and maintained an outperform rating on its stock.In addition, Robinhood recently acquired the cryptocurrency exchange Bitstamp, which will enhance its ability to offer value-added crypto services.

ChainCatcher news, according to The Block, JPMorgan analysts outlined six key regulatory and market changes for the cryptocurrency industry under the Trump administration that could reshape the landscape of cryptocurrency in the U.S. under the leadership of Trump and the Republican-led Congress.JPMorgan analysts indicated that several stalled cryptocurrency bills may quickly gain approval. These bills include the "Financial Innovation and Technology for the 21st Century Act" (FIT21), which could provide much-needed regulatory clarity for the crypto industry by clearly defining the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).They also stated that as the regulatory framework becomes clearer, the SEC's strategy of increasing enforcement may evolve into a more collaborative approach. High-profile lawsuits against companies like Coinbase may be eased, settled, or even dismissed. Regulatory notices sent to companies like Robinhood and Uniswap could be reconsidered, thereby reducing the litigation risk for the broader crypto industry. The SEC's "Staff Accounting Bulletin No. 121" (SAB 121), which restricts banks from holding digital assets, may be repealed.Additionally, JPMorgan analysts noted that the SEC may seek to resolve lawsuits concerning unregistered securities and require the launch of futures-based ETFs for these assets before approving spot ETFs. These factors could delay the approval of new ETFs or require re-filing. Clearer regulations may increase venture capital, mergers and acquisitions, and initial public offerings in the cryptocurrency space. Although strategic Bitcoin reserves would significantly enhance Bitcoin's legitimacy and could potentially drive up its price, the likelihood of this passing is low.

ChainCatcher news, ARK Invest CEO Cathie Wood discussed the impact of political and technological changes with Research Director Sam Korus and Portfolio Manager Nick Grous in the latest episode of "The Brainstorm" podcast. Wood believes that a new government could drive significant reforms, particularly in the regulation of crypto assets.Key discussion points include Trump's reform experience, the future development of cryptocurrencies, the impact of tariffs on the dollar, and market expansion driven by innovation. Wood stated that technological advancements could lead to a decrease in inflation and interest rates.

ChainCatcher live report, Orbiter Finance Chief Business Officer AVA, Risc Zero Global Market Director Tina Liu, Impossible Finance Core Developer Calvin Chu, Zypher Network Chief Operating Officer Maggie, and AlterVerse Chief Marketing Officer Andy jointly attended the DeInsight conference and engaged in an in-depth discussion on hot topics such as the dilemmas and breakthroughs of Web3 innovation in a roundtable titled "Insights from Innovators."The focus of the attendees was on industry changes such as meme coins, institutionalization, and AI empowerment. Institutionalization means that assets are gradually accepted as emerging assets, while meme coins are favored by users for their ability to easily generate huge profits, akin to the allure of a casino. The combination of AI and blockchain technology is gradually transcending company boundaries.Regarding regulation, the guests believed that crypto regulation would tighten our connection to the real world and help crypto technology have a positive impact in reality. Vitalik Buterin supports friendly regulatory policies, pointing out that excessive freedom could lead to potential risks. Therefore, the industry urgently needs to find a balance between regulation and privacy, such as taking measures to prevent theft and money laundering.Looking back at the development of the streaming industry in 2024, the guests unanimously agreed that AI will be a key focus, with the application of AI becoming increasingly important in every crypto project, and the technology becoming more accessible and advanced.Looking ahead, the attendees held an optimistic view of the market, expecting new investment opportunities to emerge in 2025, especially in the fields of the metaverse and modular infrastructure design. Overall, the industry is undergoing profound changes, providing ample development space for young entrepreneurs.Remote participation 👉Live video link: https://www.youtube.com/live/tTVcUPumPysImage live link: https://www.pailixiang.com/album_ia7637038926.html