ChainCatcher news, according to Bitcoin.com, Binance CEO Richard Teng recently stated that under the regulatory changes led by Trump, strategic initiatives in the U.S., and the momentum supporting cryptocurrencies, he predicts that Bitcoin will reach an all-time high in 2025.He emphasized that the policies of the Trump administration could bring the much-needed regulatory clarity, driving the next phase of growth for cryptocurrencies like Bitcoin. Teng also pointed out that the support from U.S. lawmakers and regulators for cryptocurrencies is increasing, and legislation regarding token issuance, trading, and asset management may move forward. He commented, "Compared to the past, both the House and the Senate now support cryptocurrencies."

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan stated that with the appointment of AI and cryptocurrency "czar" David Sacks by Trump to advance reasonable regulatory policies, fraud and bad actors in the crypto industry will significantly decrease over the next four years. Hougan believes that the previously enforcement-oriented regulatory approach has actually increased risks for investors.Previously, Sacks indicated that the Digital Asset Working Group would focus on establishing market structure norms, a regulatory framework for stablecoins, and assessing national digital asset reserves.

ChainCatcher news, according to Cointelegraph, Coinbase CEO stated at the Davos Forum that during Trump's presidency, the U.S. Congress may introduce new cryptocurrency legislation that would help unlock significant investments in the industry.

ChainCatcher news, cryptocurrency exchange Gemini announced that it will establish a dedicated compliance center in Malta to ensure compliance with the EU's Markets in Crypto-Assets Regulation (MiCA) framework. This initiative follows Gemini's receipt of its sixth European Virtual Asset Service Provider (VASP) registration certificate issued by the Malta Financial Services Authority (MFSA) in December 2024.Gemini stated that Malta actively supports fintech innovation and the crypto ecosystem, providing an ideal environment for its operations in Europe.

ChainCatcher News, the Web3 Working Group of the Liberal Democratic Party of Japan's Digital Society Promotion Headquarters held its second study session, focusing on the review of regulations related to crypto assets (virtual currencies).The meeting discussed the different regulatory approaches to crypto assets compared to traditional securities and explored the direction for future regulatory revisions. Participants believed that, in addition to investor protection, it is necessary to consider the coordination with overseas regulations and the smoothness of transactions, suggesting further improvements to disclosure regulations, market access, and conduct standards.In addition, some experts pointed out that the existing regulatory framework should be abandoned, and more detailed regulatory discussions should be conducted based on the characteristics of crypto assets.

ChainCatcher news, according to CoinDesk, analyst Omkar Godbole stated that the defensive positioning in the stock market may stem from concerns that President-elect Trump's inauguration on January 20 could become a "buy the rumor, sell the news" event. Over the past two months, risk appetite in the financial markets has increased, with the market anticipating that the incoming Trump administration will implement reforms favorable to businesses and the economy, but the possibility of profit-taking cannot be ignored.Trump will be inaugurated on January 20, and there is widespread expectation that this move will drive changes in cryptocurrency regulation, and may even establish strategic Bitcoin reserves in the coming months, both of which could support the next round of market trends. QCP Capital shares a similar view and suggests that traders should wait for new U.S. economic data on Friday before making further positioning.

ChainCatcher news, Binance officially stated in its 2024 year-end report that Binance achieved milestones in 2024 with over 250 million registered users, over $160 billion in managed user assets, and a cumulative trading volume reaching $100 trillion. With the surge in institutional participation, Binance's VIP user base has doubled, and the number of registered institutional users has nearly doubled as well.In addition, Binance has doubled its commitment to enhancing compliance and security in 2024, investing hundreds of millions of dollars in key projects. Currently, Binance's internal compliance team has grown to 650 members, enabling it to obtain regulatory authorization in 21 jurisdictions.

ChainCatcher news, according to Morningstar, investors seeking to continue the cryptocurrency bull market will closely monitor any regulatory changes in 2025, as well as whether Trump's commitments to the crypto industry will materialize. Trump has repeatedly vowed to support the crypto industry during his campaign and has received backing from several key figures in the sector.Fundstrat's head of digital assets, Sean Farrell, explained, "The first 100 days of Trump's term will be very, very important, as analysts often use the 'first 100 days' as a benchmark for measuring the efficiency and influence of an incoming U.S. president." Although the incoming president has yet to outline any specific plans, investors will be watching to see if Trump fulfills his promise to establish a strategic Bitcoin reserve in the U.S., which primarily includes:Clear guidelines on which cryptocurrencies should be classified as securities;Whether Trump will fulfill his commitment to establish a strategic Bitcoin reserve in the U.S.;Any changes to the SAB121 bill, which establishes accounting standards for companies that custody cryptocurrencies, requiring publicly traded companies, including banks, to recognize the cryptocurrencies they hold in custody as liabilities on their balance sheets;Whether the Federal Reserve will significantly lower its key policy interest rates in 2025.

ChainCatcher message, Ripple's Chief Legal Officer Stuart Alderoty outlined six key principles on New Year's Eve, urging the U.S. SEC to adopt a prudent approach to cryptocurrency regulation:The SEC has jurisdiction only over securities transactions;Selling gold bars with contractual rights, ownership, or mining interests may constitute a securities transaction;Selling the same gold bar without post-sale rights or obligations is merely an asset sale, which the SEC has no authority to regulate;The SEC's jurisdiction will not expand based on its self-serving view of who "should" disclose;Tokens are not securities, although they can be the subject of securities transactions;The notion that tokens can "evolve" from securities to non-securities is a fictional fallacy with no legal basis.

ChainCatcher news, according to the Financial Times, despite the regulatory authorities' request to remove illegal cryptocurrency advertisements, half of the banned ads remain online, and the UK's financial regulators have yet to penalize any companies for failing to remove illegal cryptocurrency ads. According to data obtained through a freedom of information request, of the 1,702 alerts issued by the UK's Financial Conduct Authority between October 2023 and October 2024, only 54% resulted in the closure of illegal crypto ads, apps, or websites.Regulators can impose fines or initiate criminal proceedings against groups that violate the new law, which aims to clean up the extensive promotion of illicit activities in the UK cryptocurrency market. The new regulations require cryptocurrency ads to be authorized by the FCA or an FCA-authorized firm before being published online; otherwise, regulators will take "tough" action. However, sources familiar with the process indicate that the FCA has not yet exercised any new powers. Instead, it is focusing on targeting "financial influencers," who promote such schemes online.

ChainCatcher news, in August this year, the Hong Kong High Court heard the world's first lawsuit involving "Decentralized Autonomous Organizations (DAO)", ruling that six defendants must disclose detailed financial statements and supporting documents for their blockchain and Real World Asset (RWA) projects in response to allegations of asset misappropriation, involving over 6 billion HKD. Wu Jiezhuang, Chairman of the Hong Kong Legislative Council, Web3 and Virtual Asset Development Forum Committee, believes that the current development framework for Web3 in Hong Kong is still not完善, and suggests that the SAR government introduce regulations for DAO.He stated that the entire digital asset ecosystem can be divided into two important segments: one is exchanges, and the other is public chains, which usually exist in the form of DAOs but are like "orphaned souls" without a place to land worldwide. If Hong Kong wants to develop a digital asset ecosystem, it needs to regulate DAOs as soon as possible and establish a framework for DAOs so that these public chains can land in Hong Kong.Wu Jiezhuang further pointed out that the United States and Abu Dhabi already have relevant legal frameworks regulating DAOs, and Hong Kong should establish one as soon as possible. Since DAOs do not have legal entities, he suggested that the SAR government could refer to the current licensing practices in the securities industry to establish a DAO licensing system, requiring licensed DAOs to clarify internal individual relationships and to establish Responsible Officers (RO) to ensure that licensed companies comply with regulatory requirements and maintain daily operations.

ChainCatcher news, Trump made some promises to the crypto industry during his campaign, and whether he will make the U.S. government a holder or even a buyer of Bitcoin remains a hot topic. SkyBridge Capital founder Anthony Scaramucci stated, "I want to remind everyone, if you think that after January 20th next year a switch will be flipped and everything will get better, and the Bitcoin and digital asset community will thrive, you are mistaken; that's not how Washington works."

ChainCatcher news, according to Solid Intel, Japan has implemented stricter regulations to strengthen oversight of unregistered cryptocurrency exchanges.

ChainCatcher news, according to The Block, ETHDenver founder John Paller stated in an interview: "Trump's focus on deregulation and promoting economic growth could create ideal conditions for the flourishing of DeFi. That said, we need to protect innovative policies while allowing builders to experiment without fear."Web3 company Vanar's CEO Jawad Ashraf also mentioned that a more direct impact on DeFi is that the new U.S. government may provide clearer regulations on whether crypto tokens qualify as financial securities. This will lead to more fee conversion implementations and also make it possible to legally pay protocol revenues to token holders in the form of dividends.

ChainCatcher news, a report from CITIC Securities states that if Trump plans to relax regulations on the cryptocurrency industry after taking office as President of the United States in 2025, the primary task will be to clarify the regulatory responsibilities of the industry. Against this backdrop, the currently stalled "21st Century Financial Innovation and Technology Act" in the U.S. Senate is expected to gain new momentum. With the anticipated easing of the regulatory environment in the U.S., the cryptocurrency industry chain in the U.S. stock market is expected to receive a positive boost, and three directions are recommended for attention:The increase in trading activity in the U.S. cryptocurrency industry may benefit U.S. cryptocurrency exchanges;Favorable policies for the U.S. cryptocurrency industry are expected to promote the growth of mining machine demand;The development of the U.S. cryptocurrency industry may benefit the U.S. utility sector. (Jin Shi)

ChainCatcher news, according to Ledger Insights, the German Parliament (Bundestag) passed the Financial Market Digitalization Act (Finanzmarktdigitalisierungsgesetz of FinmadiG) this week. The parliament responded to industry demands to ensure legislation is in place before MiCAR fully comes into effect on December 30.FinmadiG not only pertains to cryptocurrencies and MiCAR but also affects other EU laws, such as DORA and the Funds Transfer Regulation. For MiCAR, it introduces the Cryptocurrency Market Regulation Act (KMAG), which replaces Germany's old cryptocurrency rules with MiCAR.Technically, MiCAR is a regulation, so local laws are not required. However, legislation must designate BaFin as the regulatory authority; otherwise, BaFin cannot issue licenses. This will allow EU companies with cryptocurrency licenses from other countries to operate in Germany, but German companies will not be able to operate in the EU.Additionally, MiCAR allows companies holding existing licenses to continue operating for up to 18 months, with the transition period determined by each jurisdiction. The new German legislation specifies one year.

ChainCatcher news, Ripple's Chief Legal Officer Stuart Alderoty posted on social platform X, calling on the U.S. Congress to establish a regulatory framework for cryptocurrencies that supports innovation. He emphasized that regulation should focus on behavior rather than the technology itself, and suggested adopting a framework familiar to regulators and judges, avoiding the incorporation of abstract policy principles from previous administrations into law without thorough research.SEC Commissioner Mark Uyeda recently also publicly criticized the SEC's tough enforcement stance, arguing that it is inappropriate to take enforcement action solely for being unregistered. The industry anticipates that the Trump administration may appoint cryptocurrency supporter Paul Atkins to a regulatory position, signaling a more friendly regulatory environment.