ChainCatcher news, according to Fox Business reporter Eleanor Terrett, based on information from three Senate aides familiar with the matter, Republican members of the Senate Banking Committee are considering reviewing and amending the stablecoin bill (GENIUS Act) proposed by Senator Hagerty during the week of March 10.Previous news, the U.S. Senate Digital Assets Subcommittee's first hearing focused on stablecoin regulation.

ChainCatcher news, Satoshi Action Fund (SAF) co-founder Dennis Porter tweeted that seven states in the U.S. have passed the committee review of the strategic Bitcoin reserve bill, and the legislative process is moving forward.

ChainCatcher news, Strategy (formerly MicroStrategy) founder Michael Saylor posted on social media, "On Tuesday, I had the opportunity to meet with members of the U.S. House Financial Services Committee and its chairman French Hill to discuss digital assets and how to make the U.S. a global leader in Bitcoin and cryptocurrency, and I presented a digital asset framework at the meeting."

ChainCatcher news, according to Bitcoin Magazine, the strategic Bitcoin reserve bill in Texas has passed the review stage of the Business and Commerce Committee and will be submitted to the Senate for consideration.

ChainCatcher news, according to CoinDesk, Pakistan will establish a national cryptocurrency committee responsible for legislating the industry. This decision was made after a meeting with President Donald Trump's digital asset advisors.The committee will be a dedicated advisory body composed of government representatives, regulators, and industry experts. The committee will be responsible for formulating regulatory policies and collaborating with other countries to promote the establishment of standardized frameworks, the Pakistani Ministry of Finance stated.

ChainCatcher news, according to Cryptonews, the U.S. House of Representatives' fundraising committee passed a resolution by a vote of 26-16 to push for the repeal of the "DeFi Broker Rules." This rule was originally set to take effect in 2027, requiring decentralized exchanges and other digital asset brokers to report transaction details to the Internal Revenue Service (IRS).This repeal action occurs against the backdrop of a Republican-controlled Congress, with hundreds of pro-cryptocurrency candidates winning congressional seats, leading industry leaders to predict that the U.S. government may become the most cryptocurrency-friendly government in history.If this resolution passes in the House, it will be submitted to the Senate for approval, ultimately to be decided by President Donald Trump on whether to sign it into law.

ChainCatcher news, according to CoinDesk, the U.S. House of Representatives' fundraising committee passed a resolution by a vote of 26-16 to initiate the repeal of the IRS's new tax regulations on decentralized finance (DeFi) platforms. This resolution must be approved by a majority in both the House and the Senate and signed by the President to take effect.The IRS approved a transaction reporting system in December 2024, incorporating DeFi protocols into the traditional broker tax framework, which has faced widespread opposition from the crypto industry. Several organizations jointly signed an open letter calling on Congress to repeal this policy. Senator Ted Cruz has already introduced a companion resolution in the Senate.Republican lawmakers believe that the regulation exceeds legal authority and will increase the compliance burden on American taxpayers and the IRS, while Democratic lawmakers argue that it helps ensure that crypto transactions are taxed according to the law. It is estimated that repealing this regulation will reduce tax revenue by $3.9 billion over the next decade.

ChainCatcher news, according to Forbes business reporter Eleanor Terrett, former North Carolina Congressman and Chairman of the U.S. House Financial Services Committee Patrick McHenry will join a16z as a Senior Advisor for Technology Policy.

ChainCatcher news, the Oklahoma House committee has passed the Bitcoin Strategic Reserve Bill, which will go to a full vote in the House.The bill allows the state to invest 10% of public funds in Bitcoin or any digital asset with a market capitalization exceeding $500 billion.

ChainCatcher news, Cointelegraph reported that the Ohio Bitcoin Strategic Reserve Bill has passed committee review, bringing it one step closer to approval.

ChainCatcher news, according to Cointelegraph, Utah's HB230 "Blockchain and Digital Innovation Amendment" was passed by the state's Senate Tax Committee on February 20 with a vote of 4-2-1. The bill will proceed to the Senate for a second and third reading.According to the bill, for a digital asset to qualify as a reserve asset, its average market value must reach $500 billion or more in the previous calendar year. Currently, only Bitcoin meets this requirement.The bill also authorizes the state treasurer to participate in cryptocurrency staking operations, allowing the state treasury to invest no more than 5% of digital assets in five state-level accounts, including the general budget fund, income tax fund budget, and state disaster recovery account, among others.

ChainCatcher News: The U.S. Senate Banking Committee on Digital Assets will hold its first hearing on February 26, local time, to discuss the topic of "Exploring a Bipartisan Legislative Framework for Digital Assets."

ChainCatcher news, according to the Satoshi Action Fund, the strategic Bitcoin reserve legislation in Montana, USA has passed committee review and is about to enter the House voting stage.

ChainCatcher message, Slow Mist founder Yu Xian posted on the X platform stating that someone is impersonating Slow Mist employees to scam, poison, and steal coins, reminding users to be cautious.Yu Xian added that he has gathered enough information about the relevant individuals, including another active X account, and advised them to return the stolen funds.

ChainCatcher news, according to Cointelegraph, Wyoming Stablecoin Committee Executive Director Anthony Apollo stated that the state's stablecoin project is expected to enter the testnet within the next six weeks and plans to officially launch in the next quarter.The project has shortlisted Ava Labs (Avalanche) and Mysten Labs (Sui) for interviews this week. Securitize, Franklin Advisors, and Northern Trust have been shortlisted for reserve management candidates, while three of the Big Four accounting firms are in the running for internal controls candidates. Blockchain.com will be the first platform to launch the stablecoin.Apollo revealed that the stablecoin will maintain a 102% over-collateralization, fully backed by U.S. Treasury securities, cash, and repurchase agreements to prevent de-pegging risks. The committee is exploring a native yield distribution mechanism for token holders. Additionally, the project plans to use zero-knowledge proof technology to ensure compliance and privacy, and may utilize subnets or layer two networks to achieve permissioned access and transaction privacy protection.

ChainCatcher news, according to Bitcoin News, the U.S. Securities and Exchange Commission (SEC) is publicly soliciting new members for its Investor Advisory Committee. This committee was established under Section 911 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and is primarily responsible for advising the SEC on regulatory priorities, securities products, trading strategies, and other matters.SEC Acting Chair Mark T. Uyeda stated that diverse investor perspectives will help the SEC better fulfill its mission. Applicants must submit their applications via email by March 15, 2025. Notably, after Uyeda succeeded Gary Gensler as Acting Chair, the SEC's regulatory stance on cryptocurrencies has shifted, and Commissioner Hester Peirce is currently leading a new working group dedicated to revising digital asset regulations.

ChainCatcher news, Scroll announces the establishment of a Security Committee. The Security Committee is a decentralized governance body responsible for overseeing protocol upgrades, emergency responses, and other important decisions affecting the Scroll ecosystem. Its main goal is to maintain the security and integrity of the Scroll network.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X: "Insiders reveal that as digital assets become a top priority for regulators, the SEC and CFTC are currently discussing how to effectively collaborate on cryptocurrency regulation.One idea is to reinstate the charter of the CFTC-SEC Joint Advisory Committee, which was established in 2010 to provide a platform for discussing emerging regulatory issues affecting both agencies. The committee has been inactive since 2014.The CFTC acting chair last year called for reform of the advisory committee, stating that it is a strong signal of a new collaborative and cooperative regulatory approach to digital assets in the U.S."

ChainCatcher message, Federal Reserve Chairman Powell stated that it is necessary to re-examine the issue of de-banking and will be committed to ending matters related to "de-banking."