ChainCatcher news, according to techinasia, the Hong Kong Legislative Council discussed the proposed "Stablecoin Bill" on January 23. This was the first meeting on the bill since its first reading on December 18, 2024. Key officials, including Francis Ho, Deputy Secretary for Financial Services and the Treasury, outlined the regulatory framework for stablecoins.The bill requires issuers to obtain a license from the Hong Kong Monetary Authority (HKMA) and maintain reserves of high-quality, highly liquid assets. The proposed legislation aims to ensure compliance and stability, supporting Hong Kong's strategy to attract international cryptocurrency companies.On the same day, the Legislative Council subcommittee reviewed the licensing framework for cryptocurrency trading platforms.

ChainCatcher news, according to Jinshi reports, the elected President of the United States, Donald Trump, is about to take office, and a series of cryptocurrency supporters and holders he has promoted will soon influence the U.S. crypto policy.The crypto industry has been struggling with lawsuits and enforcement actions from the U.S. government for years, thus hoping that the incoming Trump administration will bring a shift in policy. Politicians appointed by Trump will be scrutinized for potential conflicts of interest with the crypto industry, and some have already pledged to sell their holdings.

ChainCatcher news, according to Bloomberg, there have been reports that the Trump team is reviewing some unresolved cryptocurrency enforcement cases from the U.S. Securities and Exchange Commission (SEC), with plans to overhaul cryptocurrency policies, potentially freezing some lawsuits that do not involve fraud allegations.It is reported that relevant officials are still discussing whether to include a directive requiring all government agencies to review policies related to digital assets and possibly suspend any lawsuits involving cryptocurrencies, with halting legal actions against several companies ranging from the world's largest cryptocurrency exchange Binance Holdings Ltd. to the startup Ripple Labs Inc. being a top priority for the industry.However, insiders warn that the executive order, which may be released as early as next Monday, has not been finalized and may be modified before it is made public. As of now, Trump's representatives have not immediately responded to requests for comment.

ChainCatcher news, the Seoul Central District Court in South Korea completed the review procedure for the arrest appropriateness requested by Yoon Suk-yeol on the 16th, and Yoon Suk-yeol himself did not attend. The court has not yet made a decision on whether to accept or reject the request from Yoon Suk-yeol's side. (Jinshi)

ChainCatcher news reports that the Korea Deposit Insurance Corporation (KDIC) has established a new team aimed at reviewing wealth related to cryptocurrencies. This initiative follows the amendment of the Depositors Protection Act in October, which aims to transform the agency into a more digitally focused organization.The amendment to the Depositors Protection Act provides a legal framework for reviewing the financial assets of virtual asset service providers (VASPs). It is reported that the insurance corporation is a quasi-governmental agency in South Korea designed to protect depositors' interests and maintain the stability of the financial system.

ChainCatcher news, according to @tier10k citing Reuters, Trump's SEC team is reviewing several pending cryptocurrency enforcement cases in court, and is expected to comprehensively reform cryptocurrency policies, potentially freezing some lawsuits that do not involve fraud allegations.

According to ChainCatcher's message, the "Asset Listing Prioritization and Standards" released by Coinbase shows that all assets must undergo legal, compliance, and technical security reviews by the Digital Asset Support Group (DASG), and must pass a rigorous business analysis before being listed on the exchange. Key evaluations include market demand, project team performance, token distribution methods, and liquidity.Other information:Assets that do not meet the standards may be suspended from trading.90% of assets do not meet the listing requirements.Support for new networks and token standards requires significant engineering workload.

ChainCatcher news, according to Bloomberg, U.S. federal regulators are deciding whether to investigate the legality of Crypto.com's futures contracts, which allow investors to bet on who will win major sporting events, including the Super Bowl.According to informed sources, the Commodity Futures Trading Commission (CFTC), composed of five members, is voting on a measure that calls for a 90-day review of these contracts, but these individuals are not authorized to speak publicly. The agency does not have the power to immediately halt trading, and the review will continue until after the Super Bowl on February 9, but the commission may ban such contracts after the review is completed.The issue is whether these contracts, listed on Crypto.com's derivatives exchange in Chicago, may violate gambling laws. The company followed legal procedures and notified the CFTC of its plans to start trading two days before Christmas on December 19 last year. However, the agency did not have time to review these contracts at that time, as they were submitted just days before the holiday, and the government could potentially shut down.

ChainCatcher news, a California resident has sued three Asia-based banks, accusing them of failing to perform basic checks that led to his loss of nearly $1 million in a cryptocurrency scam.According to a complaint filed on December 31, 2024, Ken Liem's attorney claims that his client was contacted about a cryptocurrency investment opportunity via LinkedIn in June 2023 and was persuaded to transfer funds to the scammers. The funds were then deposited into the three Asian banks and ultimately transferred to a third-party account.The attorney alleges that these banks failed to conduct compliance checks such as "know your customer" (KYC) and anti-money laundering, failing to identify the fraudulent activity, thereby allowing the scammers to open accounts and carry out the scam.

ChainCatcher news, according to Bitcoin Magazine, the Swiss Federal Government has officially begun reviewing a referendum proposal titled "Building a Financially Robust, Sovereign, and Responsible Switzerland (Bitcoin Initiative)."The proposal has been published in the Federal Gazette and has entered the signature collection phase, aiming to incorporate Bitcoin into the Swiss national financial system through a constitutional amendment.

ChainCatcher news, according to Cointelegraph, a crypto advocacy group is urging the U.S. Securities and Exchange Commission to immediately review all existing crypto-related investigations, Wells notices, and ongoing lawsuits from the first day of Trump's new administration.The Digital Chamber's Token Alliance stated in a release that the new U.S. government will provide the SEC with an opportunity to reset its "historically problematic relationship" with the digital asset industry. Notably, Trump's nominee for SEC Chairman, Paul Atkins, is one of the members of the advisory board of this alliance.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X that during a meeting this week with staff from SEC commissioners Hester Peirce and Mark Uyeda, the Token Alliance of the Digital Chamber pointed out that addressing the 2018 Hinman speech is a priority for the Corporation Finance division on its first day, citing its lack of relevance to the Howey test, which has caused market confusion and "improperly created a winner/loser dynamic."Other items marked as "key" priorities for the first day include:Initiating a review of all existing crypto-related investigations, Wells notices, and ongoing litigation, and seeking to pause those cases that do not involve actual fraud or investor harm;Rescinding SAB 121 and publishing a rescission order in the Federal Register;Formally withdrawing and reconsidering the proposed amendment to Rule 3b-16, which proposed to expand the definition of "exchange" to include DeFi protocols;

ChainCatcher News, The New York Times reported on the 17th that SpaceX and its founder Elon Musk have repeatedly violated federal reporting agreements aimed at protecting national secrets, including failing to provide details of his meetings with foreign leaders, which has drawn military scrutiny.The report cites numerous anonymous sources stating that the Department of Defense's Office of Inspector General, the Office of the Under Secretary of Defense for Intelligence and Security, and the U.S. Air Force have initiated reviews this year regarding Musk's security issues. The U.S. Air Force recently denied Musk high-level security clearance, citing potential security risks, with some countries, including Israel, expressing concerns that he might share sensitive data with other nations.The report states that SpaceX is one of the major contractors for the Department of Defense and NASA, and Musk holds a top-secret security clearance at the company, allowing him access to classified materials such as advanced U.S. military technology. According to government secrecy regulations, Musk is required to report details about his personal life, foreign travel, and other information to the Department of Defense, but he has not complied with these reporting requirements since at least 2021.

ChainCatcher news, Jingji Financial International (01468) announced that the company's board of directors has established an investment committee, effective from December 15, 2024. The establishment of the investment committee aims to improve operational efficiency and strengthen investment decision-making and risk management processes, especially considering the group's strategic focus on cryptocurrencies and related technologies.The investment committee will be responsible for reviewing appropriate transactions and investment strategies involving virtual assets (crypto assets) and managing such assets, providing recommendations to the board of directors. In addition, the investment committee will evaluate, approve, and make recommendations on various investment opportunities proposed by the group's management team.Jingji Financial International stated that incorporating cryptocurrency investments into the group's asset allocation and green energy-oriented investment strategy focused on green energy and artificial intelligence will enhance the group's overall financial position.

ChainCatcher news, Congressman French Hill may play a key role in shaping financial services priorities next year. He expressed concerns about the de-banking of the cryptocurrency industry and plans to closely examine this issue in the new year.Venture capitalist Marc Andreessen stated in a recent interview on Joe Rogan's podcast that the U.S. government had pressured banks to close certain accounts related to cryptocurrency and other industries.Hill said during a technology and finance-focused hearing held by the House Financial Services Committee on Wednesday, "There is no patience for this from either party. Legitimate businesses in this great country of America should have the freedom to access banking and financial services. We have seen this time and again. This committee will take a strong stance on this, and we have received documents and are reviewing them. We will continue to review this before the end of this Congress and into the next Congress."

ChainCatcher news, CryptoQuant CEO Ki Young Ju stated that the President of South Korea has declared a state of emergency, and all media and publications will be subject to censorship by the authorities.Ki Young Ju urged the social platform X to provide a space for free speech for the people of South Korea and requested assistance from X platform owner Elon Musk.

ChainCatcher news, South Korean crypto KOL Joseph Young posted, "The South Korean president has announced a curfew. If you are out and about after 11 PM, you will be checked, and if deemed suspicious, you will be arrested. Currently, major centralized exchanges (CEX) in South Korea are experiencing trading difficulties for unknown reasons."

ChainCatcher message, Jupiter posted on X that it will review the updated Jupuary proposal and initiate the second vote on Wednesday at 11:30 AM (UTC+8).It is reported that on November 30, the Jupuary governance vote failed to reach the required 70% absolute majority for approval, with 58% in favor and 42% against. The first Jupuary vote opened on November 26, and if the 70% support requirement is not met, the team will quickly iterate new votes until the required 70% support milestone is achieved.

ChainCatcher news, according to market news, the supervisory authority of the Norwegian wealth fund will review footwear manufacturers, cryptocurrency, and gambling companies in 2025, which may lead to divestment.

ChainCatcher news, according to Cointelegraph, U.S. Securities and Exchange Commission (SEC) Chairman Gery Gensler announced plans to resign on January 20, 2025. However, the new nominee for SEC Chairman will face scrutiny from the U.S. Senate, as all commission members must be confirmed by the Senate.It is reported that Trump may attempt to bypass some appointment confirmation procedures through a recess appointment; however, this would require Congress to vote for a recess, and Congress may be reluctant to do so unless the nominee is uncontroversial.