ChainCatcher news, according to Unchained, the Trump administration may not launch the previously promised official "Cryptocurrency Committee," but instead plans to hold a series of industry summits focused on specific cryptocurrency policy issues.According to three informed sources, these summits will invite different leaders from the cryptocurrency industry to participate in rotation. The initial meetings are expected to focus on topics such as banking, payments, data centers, and Bitcoin mining. Several industry associations are currently providing recommendations on related proposals.Informed sources indicate that the decision to hold summits instead is seen as a measure to avoid conflicts between different factions within the cryptocurrency industry. These divisions mainly exist between centralized and decentralized crypto projects, Bitcoin maximalists and altcoin supporters, as well as groups that support and oppose the integration of traditional finance.

ChainCatcher news, FOX reporter Eleanor Terrett stated that tomorrow is expected to be a busy day for cryptocurrency policy-making in the U.S. Congress.

ChainCatcher news, according to The Block, Presto Research analyst Min Jung stated that the rise in the crypto market is mainly driven by lower-than-expected CPI data, which temporarily alleviated inflation concerns. The core consumer price index for December was 3.2%, lower than expected and also below November's 3.3%. Additionally, news related to Trump played an important role, including his plan to make cryptocurrency a "national priority" and his openness to exploring support for establishing a cryptocurrency reserve in the United States.Min Jung indicated that the broader market is cautiously optimistic, with macro-level focus primarily on inflation issues. The lower CPI data provided a temporary relief, but investors are still closely monitoring any signals that may indicate sustained inflationary pressures. Jung predicts that more news related to Trump potentially establishing a national Bitcoin reserve may further exacerbate market volatility in the short term.

ChainCatcher news, according to a Reuters report, three insiders have stated that senior Republican officials at the SEC are preparing to reform the agency's cryptocurrency policies as early as next week after Trump takes office.Two of the insiders indicated that measures being considered by Commissioners Hester Peirce and Mark Uyeda include initiating relevant procedures to ultimately formulate guidance or rules that clarify under what circumstances the agency will consider cryptocurrencies as securities, and reviewing some cryptocurrency enforcement cases currently in court.Previous news reported that the Trump team is reviewing unresolved cryptocurrency enforcement cases at the SEC or may suspend some enforcement actions.

ChainCatcher news, according to Reuters, the excitement over the policies of President-elect Trump is expected to boost the outlook for several industries, including banking, energy, and cryptocurrency. Michael Rosen, Chief Investment Officer of Angeles Investments, stated: "People hope that next year's taxes and regulations can be lowered or reduced, which will help support corporate profits, and corporate profits are the main driver of the market."In addition, Trump's inauguration on January 20 next year may also bring some surprises to the market, as he is expected to issue at least 25 executive orders on his first day in office, covering a range of issues from immigration to energy and cryptocurrency policies.

ChainCatcher news, according to industry officials, the cryptocurrency industry is pushing Trump's team to issue an executive order on his first day in office next month to initiate the promised cryptocurrency policy reforms, helping to drive the mainstream adoption of tokens. During his campaign, Trump promised to become the "cryptocurrency president," and the industry hopes he will fulfill this promise by creating a Bitcoin inventory through an executive order, ensuring that the industry can access banking services, and establishing a cryptocurrency committee. (Jin Ten)

ChainCatcher news, according to Cointelegraph, the regulatory body of the Bank of England has required companies to disclose any current or future cryptocurrency risk exposures by March next year, in order to monitor stability and assist in policy formulation.The UK's Prudential Regulation Authority stated: "This will provide information for the Prudential Regulation Authority and the Bank of England's work on crypto assets, helping us calibrate our prudent handling of crypto asset risk exposures and analyze the relative costs and benefits of different policy options."

ChainCatcher news, according to sources, the nominee for the chair of the SEC, Paul Atkins, recently expressed a desire to have Republican Commissioner Hester Peirce (known as "Crypto Mom") lead the crypto policy alongside her Republican colleague Mark Uyeda.It is reported that Peirce hopes to lead an internal crypto working group that will reassess the agency's stance on digital assets and engage in open dialogue with the industry. Peirce's term will end in June, and it is currently unclear whether she wishes to be nominated for the position again. Uyeda's term will end in 2028.Paul Atkins has publicly stated the need to establish best practices for digital assets and their trading platforms. Since 2017, he has served as the co-chair of the Token Alliance. The Token Alliance is an industry-led initiative composed of former regulators, industry experts, and lawyers aimed at promoting the mainstream adoption of digital assets. He is also a member of the advisory board of the Digital Chamber of Commerce, a crypto advocacy organization based in Washington, D.C.

ChainCatcher news, according to Cryptonews, Japan's newly appointed Digital Minister Masaaki Taira announced on November 27 at a forum that Prime Minister Shigeru Ishiba has restructured his party's web3 and cryptocurrency policy-making department.Masaaki Taira explained that the ruling Liberal Democratic Party will dissolve the existing Web3 project team (PT) and establish a dedicated department within the party's Digital Society Promotion Division. Former Web3 project team secretary general Akihisa Shiozaki will lead this new unit.Since the restructuring, Shiozaki's X account profile has been updated, but it is noted that the relevant content regarding "Web3 policy" has not been removed. The government has not yet clarified the full responsibilities of the Digital Society Promotion Division.

ChainCatcher news, according to CrowdFund Insider, the board of the crypto bank Custodia Bank voted this week to further scale back operations and preserve capital in response to the significant upcoming crypto policy reforms from the new Washington government. The bank stated that this move will preserve its core businesses, including its banking license, API-based real-time payments, Bitcoin custody platform, and patented bank-issued stablecoin.Custodia Bank founder and CEO Caitlin Long expressed satisfaction with the team, customer service, and team resilience, despite facing multiple unwarranted delistings from banks.In August of this year, influenced by the Biden administration's crypto asset regulatory policies, Custodia Bank laid off 9 out of 36 employees to conserve resources in response to legal actions with the Federal Reserve. The bank is seeking to obtain master account access, which would allow it to directly access the Federal Reserve's liquidity tools and avoid additional costs incurred through other institutions.

ChainCatcher news, Cointelegraph reports that Summer Mersinger, a commissioner of the U.S. Commodity Futures Trading Commission (CFTC), spoke at the North American Blockchain Summit, calling for the establishment of standard policies for cryptocurrencies through formal notice and comment procedures. Mersinger stated that the current "enforcement-style regulation" strategy taken by regulators towards the cryptocurrency industry is problematic, specifically mentioning the case of Uniswap Labs. She emphasized that the CFTC is the "ideal regulatory body for the cryptocurrency spot market," as it can implement significant legislative changes quickly without disrupting the market.Mersinger pointed out that while cryptocurrency entities (including decentralized finance, DeFi) are often categorized under existing classifications and required to comply with the same laws, there is currently no formal registration pathway. She suggested that the cryptocurrency industry should begin outreach immediately after the new government leadership is determined to facilitate early dialogue. Notably, the relatively small settlement amount recently reached by the CFTC with Uniswap reflects a subtle shift in regulatory attitudes.

ChainCatcher news, Cardano founder Charles Hoskinson suggested Coinbase CEO Brian Armstrong as the best candidate for the proposed cryptocurrency policy position in Donald Trump's second administration. In a post on X on November 20, Hoskinson outlined the key qualifications for the "crypto czar," emphasizing neutrality, cross-protocol collaboration, and a solid grasp of the unique values of cryptocurrency. Hoskinson believes that Armstrong's leadership at Coinbase makes him an ideal choice. Under Armstrong's leadership, Coinbase has become the largest cryptocurrency exchange in the United States and one of the first publicly listed cryptocurrency companies:"Coinbase has grown to be one of the pillars of the cryptocurrency industry and has had to endure the unfair tactics of the government to impose regulation through enforcement. I know Armstrong can build a broad tent coalition to unite the entire industry and help us get the government to come together to take real action, including through new legislation."

ChainCatcher news, according to The Block, has reported that Vinay Gupta, a technical expert who helped coordinate the launch of Ethereum, is seeking to promote rational cryptocurrency policies to the transition team of elected President Donald Trump.Additionally, inspired in part by Trump's overwhelming victory on Election Day, Gupta is considering relocating himself and his team from the blockchain company Mattereum in the UK to the United States. He added, "We plan to move personnel (including myself) to Washington, D.C. soon to assist with the cryptocurrency transformation in America."Vinay Gupta stated that part of his plan includes replicating some of the policies he helped formulate in the UK, including a recently proposed parliamentary bill that attempts to formally define crypto assets as property, as well as successfully advocating for the country to recognize smart contracts as "actual contracts."