According to ChainCatcher, as reported by Cointelegraph, SEC Commissioner Caroline Crenshaw publicly stated on May 8 that if the Ripple settlement agreement is approved, it will further undermine the SEC's legal credibility in cryptocurrency regulation and erode the court's role in interpreting securities law. She criticized that such settlements have become a "chain of concessions," harming investor interests and causing the SEC's internal legal position to waver continuously.

ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal stated that Coinbase has made public over 10,000 pages of regulatory documents obtained through the Freedom of Information Act (FOIA), aiming to promote government transparency. He pointed out key materials including the 2019 SEC internal acknowledgment of the "crypto regulatory gap," the 2023 New York Attorney General's request for the SEC to support the claim that ETH is a security, and the SEC's inability to view Coinbase's response video due to IT issues, emphasizing that this battle for information transparency relates to the public's right to know.

ChainCatcher news, according to official news from SunPump, the TRON ecosystem officially released the April "Ecosystem Star" list on May 8, honoring 30 outstanding community contributors and sharing a prize pool of $25,000. The winners contributed to the development of the TRON ecosystem through high-quality content creation, frequent interactions, and the promotion of ecosystem projects. In addition, 8 high-impact contributors, including @0xMoon6626 and @Baby__BTC, will receive an additional "mystery incentive reward," and all eligible participants will receive $100 in TRX. This Ecosystem Star event will continue to incentivize community builders and promote the decentralized development of the TRON ecosystem.

ChainCatcher News, U.S. Senator Cynthia Lummis stated, "Digital assets are the future. We either embrace them or fall behind; there is no middle ground."

ChainCatcher News, U.S. Senator Chris Murphy posted on the X platform that he will introduce the "MEME Act," which prohibits the President or members of Congress from issuing Meme coins. Murphy stated, "Trump Coin is the biggest corruption scandal in the history of the White House," and expressed that he will work with Congressman Sam Liccardo to promote legislation to curb such behavior.

ChainCatcher news, according to The Verge, after suddenly withdrawing support for the Senate's first stablecoin regulatory bill, Senate Democrats announced on Tuesday that they will introduce a new bill prohibiting federal officials and their families from issuing digital assets, directly targeting the stablecoins and meme coins currently held by Trump and his family.The bill's sponsor, Oregon Democratic Senator Sen. Jeff Merkley, stated, "Currently, anyone hoping to establish a relationship with the president can profit personally by purchasing cryptocurrencies that he owns or controls, which is an extremely corrupt act that threatens our national security and erodes public trust in government. We must put an end to this corruption immediately."

ChainCatcher news, according to Chainwire, UAE digital asset broker BurjX has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).According to reports, BurjX was co-founded by Omar Abbas, co-founder of the Canadian cryptocurrency exchange NDAX, and Adam Ferris, a former executive at Goldman Sachs. It plans to officially launch a complete digital asset trading and custody solution later this year.

ChainCatcher news, the Securities Commission of Malaysia (SC) today released a consultation paper aimed at gathering public opinions on the draft regulatory framework for tokenized capital market products. The public consultation period will last from May 6, 2025, to June 16, 2025.The SC pointed out that tokenized capital market products digitize traditional financial products such as stocks, bonds, and funds through distributed ledger technology (DLT) and should be distinguished from digital tokens and digital currencies, as the latter are regulated under different frameworks.The SC stated that the establishment of the regulatory framework is in response to the growing market interest in tokenized products. The framework will focus on exploring the application of DLT in the capital market, including programmable assets, fractional ownership, and enhanced transparency, while ensuring investor protection. The draft also addresses key areas such as public disclosure requirements, governance controls, and technology risk management, and proposes additional requirements for relevant licensees.

ChainCatcher news, according to analysis by The Kobeissi Letter, two key indicators of US tech stocks have hit recent lows: the ratio of US tech stocks to global tech stocks has fallen to 1.6 points, the lowest in 18 months; the ratio of US tech stocks to non-tech sectors has dropped to 1.5 points, also a new low in 18 months.The decline in these two indicators has exceeded that during the bear market of 2022. Year-to-date, the Nasdaq 100 index has declined about twice as much as the S&P 500 (excluding information technology).

ChainCatcher news, according to official IOTA news, the IOTA mainnet Stardust has successfully completed its decommissioning. Currently, 13 genesis validators are conducting the genesis ceremony to launch the new IOTA mainnet in a fully decentralized manner.

ChainCatcher news, according to Crypto News, U.S. Senator Elizabeth Warren has requested a delay in the consideration of the stablecoin bill. Warren stated that the bill has potential conflicts of interest with President Trump and requires further review.

ChainCatcher message, Dogecoin official posted on X: "Regulators do not see us as a 'Meme coin', it's like scientists do not consider Pluto a planet. Everyone knows we still excel in key areas."

ChainCatcher news, according to Eleanor Terrett, Senator Ruben Gallego and 9 other senators issued a joint statement expressing their inability to support the updated version of the GENIUS Act released last week. The group pointed out several issues, including insufficient anti-money laundering provisions, concerns regarding national security, and the safety of the financial system.Notably, Democratic senators Gallego, Warner, Kim, and Blunt Rochester, who were on the list, supported the original version of the bill during the March Banking Committee review. The bill's co-sponsor Angela Alsobrooks did not sign the letter.

ChainCatcher news, according to CoinDesk, Tether CEO Paolo Ardoino criticized the EU's stablecoin regulatory framework during an interview on the Less Noise More Signal podcast. This framework forces stablecoin companies like Tether to keep a significant portion of their reserves (up to 60%) in uninsured bank deposits. Due to the interplay of high-risk loans and new cryptocurrency regulations, Europe may soon face a wave of bank failures.Paolo Ardoino added that the European regulatory system is designed to assist banking institutions in the eurozone by providing more liquidity, but it has resulted in "huge systemic risks," as large European banks like UBS will not incorporate stablecoins into the banking system, ultimately forcing stablecoin issuers to choose smaller banks, thereby further exacerbating the risks.

ChainCatcher news, CryptoQuant analyst Axel posted on social media that the annualized real MVRV (Market Value/Realized Value Ratio) of BTC has returned to positive territory, indicating that the average cost price of all tokens purchased in the past year is now below the current market price. Panic selling pressure is easing------most holders are now in profit and do not need to sell at a loss. Holder confidence is continuously strengthening. This "critical point transition" coincides with the market recovery phase, marking the beginning of a more sustainable price growth cycle. This trend will continue until speculative premiums accumulate to a sufficiently high level, prompting holders to choose to take profits.

ChainCatcher news, U.S. Senator Cynthia Lummis, chair of the Senate Banking Subcommittee on Digital Assets, praised Senate Majority Leader Thune for accelerating the vote on the Guidance and Establishment of the U.S. Stablecoin National Innovation (GENIUS) Act, which establishes a clear regulatory framework for payment stablecoins.

ChainCatcher news, according to The Block, informed sources revealed that French Hill, the chairman of the House Financial Services Committee, and others are expected to release a regulatory draft on cryptocurrency ahead of the hearing scheduled for May 6 (local time).The hearing will take place at 10 AM Eastern Time on the 6th, with the theme "The Future of American Innovation and Cryptocurrency: A Blueprint for the 21st Century." It is expected to focus on the long-awaited legislation to define the structure of the U.S. cryptocurrency market. The draft is anticipated to be similar to the "Financial Innovation and Technology for the 21st Century Act" (FIT 21) that passed the House last year. A staff member from the House Agriculture Committee also confirmed that the draft text will be released before the hearing.Committees in both the House and Senate have advanced bills focused on stablecoins, while legislation regulating the entire cryptocurrency industry is seen as the next step. Former President Donald Trump stated that he hopes to see a stablecoin bill before August, but some have indicated that these bills may be interconnected.