ChainCatcher news, according to The Block, U.S. Senate Banking Committee Chairman Tim Scott has proposed a bill aimed at prohibiting regulators from overseeing banks on the grounds of "reputational risk." This move comes in response to accusations from the crypto industry that U.S. government agencies are excluding it from the financial system.The Republican senator from South Carolina submitted the bill on Thursday and stated in a press release that the legislation would "limit the weaponization of federal banking agencies and eliminate the power of regulators to use 'reputational risk' in the regulatory process."The Federal Reserve defines "reputational risk" as: "The risk of loss resulting from negative public opinion (whether true or not) regarding an institution's business practices, which may result in a loss of customers, costly litigation, or revenue decline."

ChainCatcher news, according to Cryptonews, Colombian Senator Gustavo Moreno and Congressman Julián López have introduced a bill aimed at establishing a legal framework to "protect" cryptocurrency users in the country. Moreno pointed out that the lack of regulation means that cryptocurrency exchanges and other companies operate in an unregulated space, which "brings uncertainty and risk to customers."The bill contains 16 provisions covering monitoring, marketing rules, education, cryptocurrency taxation, and anti-money laundering and counter-terrorism financing measures (AML/CFT). Lawmakers stated that by "protecting users," the bill could also "encourage (cryptocurrency) investment" in the long term. The bill also seeks to introduce a licensing system for cryptocurrency operators, who will need to register as virtual asset service providers (VASP). In other countries, the VASP licensing system is typically designed to force cryptocurrency exchanges and wallet companies to comply with AML/CFT protocols.Since 2021, the Colombian Financial Superintendence has been conducting pilot projects related to cryptocurrency. However, the pilot projects of the Financial Superintendence have yet to produce a "concrete regulatory framework."

ChainCatcher news, according to Bitcoin.com, the European Central Bank (ECB) recently revealed that it is assessing the impact of a more deregulated cryptocurrency ecosystem on financial markets.In a memorandum from the January monetary policy meeting, the ECB mentioned that the Trump administration's lenient stance on crypto assets could pose long-term risks, including issues related to leverage and overvaluation. The ECB pointed out that the deregulation of the U.S. financial system, particularly in the realm of crypto assets, could exacerbate financial stability risks and even lay the groundwork for future financial crises.Recently, there has indeed been a relaxation of regulations in the U.S. crypto market, such as the SEC withdrawing multiple lawsuits against cryptocurrency exchanges. Despite the rapid development of the cryptocurrency market, the ECB remains cautious about its risks and regulatory issues, believing that it could pose a long-term threat to global financial stability.

ChainCatcher news, according to CoinDesk, the U.S. Senate Banking Committee held its first hearing on digital assets, focusing on stablecoin legislation and Congress's role in future crypto regulation.The hearing was chaired by crypto-friendly Senator Cynthia Lummis, who stated that Congress is close to introducing a bipartisan framework for stablecoin and market structure legislation, but stablecoin regulation will be prioritized. Former CFTC Chairman Timothy Massad suggested that Congress should postpone market structure legislation for several years until the current regulatory frameworks of the SEC and CFTC are implemented and adjusted.Additionally, Senator Mark Warner expressed concerns about stablecoin KYC issues, pointing out that while issuers perform KYC, stablecoins do not undergo identity verification when circulating between wallets, which could be used for illegal activities. Lightspark Chief Legal Officer Jai Massari responded that blockchain can provide immutable on-chain records and suggested further development of tracking tools to balance privacy and compliance.

ChainCatcher news, U.S. Senate Banking Committee Chair Cynthia Lummis posted on the X platform calling for the United States to launch a bipartisan-supported regulatory framework for stablecoins, as the stablecoin race has already begun and the U.S. is falling behind.

ChainCatcher news, Coinbase Chief Legal Officer Paul Grewal posted on social media, "Case dismissal" is the phrase every defendant in a case longs to hear. The U.S. Securities and Exchange Commission will dismiss the Coinbase case, and there will be no settlement or compromise ------ mistakes will only be corrected.However, Coinbase still has a lot of work to do and cannot be distracted. Legislation is crucial to ensure that such illegal activities do not happen again. Coinbase will not stop fighting until clear rules are established that allow the industry to truly thrive in the U.S. Collaboration will be key, and we look forward to working with U.S. Congress and SEC staff to drive progress in the next phase.

ChainCatcher news, according to CoinDesk, S&P Global Ratings stated in a report on Wednesday that the lack of stablecoin regulation in the U.S. is one of the main barriers to the adoption of this currency.Analysts led by Mohamed Damak pointed out that the lack of regulation is one of the main obstacles to the adoption of stablecoins in the U.S. and hinders the broader institutional adoption of stablecoins, which are expected to play an increasingly important role in on-chain transactions. It is anticipated that once regulation is in place, the adoption rate will increase.

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 news, Fox Business reporter Eleanor Terrett revealed that the SEC will respond to Coinbase's appeal request on February 14. Previously, Judge Failla had approved Coinbase's request for an interlocutory appeal regarding whether the existing securities laws apply to its platform's digital assets.The SEC currently faces four options: first, oppose the appeal request, maintaining the stance from the Gensler era that securities laws clearly apply to most crypto tokens, despite the current acting chair Uyeda and Commissioner Peirce both stating that the law in this area is not clear; second, not oppose the appeal, indicating a willingness to address the applicability of securities laws through a crypto working group; third, request an extension; fourth, choose to withdraw the lawsuit.The SEC's decision will serve as an important indicator of its stance on crypto regulation under the new leadership.

ChainCatcher news, Ripple CEO Brad Garlinghouse posted on the X platform stating, "Any criticism of today's press conference is 'missing the forest for the trees.' The chairmen of the Senate Banking Committee, the House Financial Services Committee, the Senate Agriculture Committee, and the House Agriculture Committee joined the crypto czar's press conference, committing to clarity legislation for cryptocurrencies, which is 100% a big deal (and something we've never seen before)."

ChainCatcher news, according to Petra, Jordan has announced plans to develop a comprehensive regulatory framework for virtual and digital assets within a year, aimed at aligning with global standards and promoting the development of its digital economy.The plan will be led by the Jordan Securities Commission (JSC) and supported by the National Future Technology Committee, focusing on creating the necessary legal and technical infrastructure to oversee cryptocurrency trading platforms and virtual asset activities.A ministerial committee led by the Minister of Digital Economy and Entrepreneurship will manage the challenges and guide the implementation of these regulations, consisting of officials from the country's central bank, JSC, and the National Cybersecurity Center.This move comes as Jordan seeks to address the vulnerabilities highlighted by the Financial Action Task Force (FATF). Due to concerns over virtual asset risks and money laundering loopholes, the task force placed Jordan on the gray list in 2023.

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.