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

ChainCatcher news, Ripple CEO Brad Garlinghouse posted on X congratulating Trump on winning the 2024 election and listed the priorities for the first 100 days of the Trump administration, calling for a reshaping of the U.S. SEC and clarifying cryptocurrency regulation, specifically including:Dismiss SEC Chairman Gary Gensler and appoint Giancarlo, Brooks, or Gallagher to replace him;Push the Senate to pass the Digital Asset Market Structure Act;Clarify whether ETH is a non-security like XRP and BTC.

ChainCatcher news, according to Bitcoin.com, the Russian government released a document on Friday detailing a law signed by President Putin that expands the scope of digital currency regulation. This new law significantly increases government oversight of cryptocurrency mining activities and related infrastructure nationwide.The legislation will take effect on November 1, and includes several amendments aimed at strengthening oversight and imposing restrictions on crypto mining activities based on regional needs. The law enables the Russian government to implement mining restrictions based on location and defines specific procedures and circumstances under which mining operations are prohibited. A notable provision in the law grants the government the power to block digital currency mining pools from operating in certain areas. Additionally, the government now has the authority to regulate infrastructure providers that support mining operations.This legislation also authorizes multiple federal agencies, beyond the Federal Financial Monitoring Service (Rosfinmonitoring), to access digital currency identification addresses. This expansion includes federal administrative and law enforcement agencies, enhancing their ability to track transactions that may be related to money laundering or terrorist financing activities.Furthermore, the amendments transfer the responsibility for the national mining registry from the Ministry of Digital Development to the Federal Tax Service, which will now oversee the registration of mining businesses and remove companies that repeatedly violate regulations. While individual miners can continue to operate without registration if they comply with specific electricity consumption limits, companies and individual entrepreneurs must adhere to the new registration requirements.

ChainCatcher news, the blockchain company Consensys has issued an open letter to future U.S. presidents, calling for clear and supportive regulations for cryptocurrencies and Web3. The letter, released on October 23, emphasizes that regulatory decisions need to be transparent to keep the U.S. competitive globally while addressing consumer protection and illegal activities.

ChainCatcher news, to better protect cryptocurrency users, Argentina is innovating its cryptocurrency framework. The Argentine securities regulator (CNV) recently announced a public consultation on a draft to regulate the operations of virtual asset service providers (VASP) in the country, imposing new compliance requirements on these entities. If Resolution 1025 is approved, it will force cryptocurrency companies to disclose agreements with third parties and clients. Additionally, it aims to prevent money laundering and terrorist financing by establishing policies and cybersecurity standards. This framework is a follow-up to the VASP registration launched earlier this year. (Bitcoin.com)

ChainCatcher news, according to Cointelegraph, CFTC Chairman Rostin Behnam claimed that as U.S. cryptocurrency regulatory negotiations have stalled, the agency is facing "constraints."Rostin Behnam stated that efforts to regulate the digital asset industry through a legislative framework have "stalled so far." However, he still believes that the new Congress and president can make more progress.Rostin Behnam said, "I don't think anything is necessarily going to happen by the end of this year, but I do believe that this election has had a unique impact on digital assets and technology." He added that without any legislation, the agency is "really constrained" in "regulating" the cryptocurrency market, which would put investors "at risk."

ChainCatcher news, according to Finance Magnates, the UK's Financial Conduct Authority (FCA) defended its "overly strict" approach to the registration of cryptocurrency companies, stating that strong standards are crucial for establishing a sustainable and trustworthy digital asset industry.Val Smith, the FCA's Director of Payments and Digital Assets, responded today in a statement to criticisms that the regulator's stringent requirements could stifle innovation in the crypto industry and that the registration threshold is "too high." Smith warned, "Innovations built quickly on unsafe, unregulated, and untrustworthy foundations are like houses built on sand—likely to collapse. Instead, we want to work closely with the government, industry, and partners in other jurisdictions to develop a crypto industry built on reliable, solid foundations."The FCA has come under scrutiny for the relatively low number of cryptocurrency companies registered under the UK's Money Laundering Regulations (MLR). Some industry observers believe that the regulator's standards may be too high and could jeopardize the UK's position as a global financial leader. Smith countered these claims, emphasizing that the FCA never directly rejects applications and takes the risks of financial crime seriously. She mentioned concerns regarding terrorism, organized crime, sanctions evasion, and human trafficking.

ChainCatcher news, according to Jinshi reports, Japan plans to assess the effectiveness of its cryptocurrency regulations. This review will take place over the next few months and may pave the way for the country to launch cryptocurrency exchange-traded funds (ETFs).An official from the Financial Services Agency (FSA) of Japan stated that the review will evaluate whether the country's current regulatory approach under the Payment Services Act (PSA) is sufficient. The PSA was originally enacted in 2009, and Japanese lawmakers have amended it multiple times to address changes in the financial services landscape brought about by the emergence of digital currencies. The legislation recognizes Bitcoin (BTC) and other cryptocurrencies as legal property. It also requires cryptocurrency exchanges to register and comply with the country's anti-money laundering (AML) and counter-terrorism financing (CFT) obligations.

ChainCatcher news, according to Bloomberg, the Financial Services Agency (FSA) of Japan will begin reviewing the country's cryptocurrency regulatory rules in the coming months. An FSA official stated that this assessment will focus on whether the current Payment Services Act adequately regulates cryptocurrencies. This move could pave the way for reducing digital asset taxes and launching cryptocurrency investment funds in Japan.Currently, the Japanese cryptocurrency industry is seeking to lower the digital asset capital gains tax rate from the current maximum of 55% to 20%.

ChainCatcher News, the U.S. Third Circuit Court of Appeals is reviewing the decision by the U.S. Securities and Exchange Commission (SEC) to dismiss Coinbase's petition for regulatory rulemaking on cryptocurrency, questioning the reasoning as too limited.In July 2022, Coinbase requested that the SEC propose and adopt regulatory rules regarding "securities offered and traded through digital native methods," including clarifying which crypto assets qualify as securities.The SEC dismissed the petition at the end of 2023, prompting Coinbase to petition the appellate court to compel the SEC to respond. Judge Thomas Ambro stated that the SEC is not required to provide a detailed explanation for its dismissal, but the record should contain substantive content. He described the SEC's dismissal as "almost devoid of content."Coinbase's Chief Legal Officer Paul Grewal stated on social media that the SEC "refuses to provide a reasonable explanation for its simple dismissal while arbitrarily enforcing against our industry under the guise of authority."