ChainCatcher news, according to Watcher.Guru, U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda acknowledged that their approach to cryptocurrency is "a disaster for the entire industry."

ChainCatcher news, Ripple's Chief Legal Officer Stuart Alderoty posted on social media stating, "The U.S. Securities and Exchange Commission (SEC) decision to appeal is disappointing but not surprising. This is just prolonging a situation that has already embarrassed the agency. The court has dismissed the SEC's suggestion of Ripple's reckless behavior, and there are no fraud allegations in the case, certainly no victims or losses.Under the leadership of current Chairman Gary Gensler, the SEC has not faithfully executed the law but continues to wage a lawsuit war against the crypto industry. We are evaluating whether to file a counterclaim. In any case, the SEC's lawsuit has been irrational and misleading from the start, and we are ready to prove this again in the appellate court (leading the industry once more).The SEC's enforcement director announced their resignation about an hour before this news was released; is this a coincidence?"

ChainCatcher news, the Chief Legal Officer of Variant Fund posted on X yesterday, stating that as U.S. regulators continue to crack down on the cryptocurrency space, many cryptocurrency founders are considering geofencing as a compliance strategy.In short, geofencing means blocking access to a product for people in specific "geographical locations" by creating a virtual "fence" around the product. If a company cannot comply with regulations, such as providing disclosures and KYC, it can serve as a backup compliance strategy.However, Chervinsky added, "Regarding the issue of regulatory uncertainty, this is a rather extreme solution—completely abandoning the U.S. market—but sometimes there is no choice." He noted that geofencing "is an extreme and costly measure to ensure compliance with U.S. laws."

ChainCatcher news, the political action committee (PAC) for the cryptocurrency industry is making a significant investment in the Ohio Senate race, supporting Republican candidate Bernie Moreno against incumbent Senator Sherrod Brown.As of September 27, 2024, the PAC, backed by companies like Coinbase and Ripple Labs, has invested $40 million to support Moreno. This massive expenditure has allowed Moreno to quickly catch up to Brown in the polls, with some polls even showing Moreno in the lead.Brown, as the chairman of the Senate Banking Committee, has been skeptical of cryptocurrency, and several crypto-related bills have been stalled in the committee. If Moreno wins, the Republicans could gain a majority in the Senate, which would have a significant impact on the legislative process for the cryptocurrency industry. However, some industry insiders are concerned about Fairshake PAC's attempt to unseat Brown, believing it could undermine the industry's legislative push.

ChainCatcher news, according to CNBC, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler expressed his views on the current state of cryptocurrency regulation, stating: "This sector cannot exist long-term without investor protection."

ChainCatcher news, Watcher.Guru disclosed on platform X that SEC Chairman Gary Gensler stated in an interview with CNBC that Bitcoin is not a security.In addition, Gary Gensler also mentioned that for the crypto industry, disliking rules and having no rules are not the same.

ChainCatcher news, according to The Block, based on data from the Web3 bug bounty platform Immunefi, the crypto industry lost $413 million in the third quarter due to hacks and fraud, with the largest losses being from cryptocurrency exchanges WazirX and BingX, which were stolen $235 million and $52 million, respectively.

ChainCatcher news, according to Unchained, Saga founder Rebecca Liao stated that the "Web3 Financial Compensation Report" shows that women in the Web3 finance sector earn an average of 46% less than men, a gap significantly higher than the 39% (U.S.) and 28% (U.K.) in Web2 finance.In 2024, over 90% of blockchain venture capital funding is directed towards male-dominated projects, and in 2023, women held only 26% of positions in the crypto industry, with only 6% in leadership roles.Although an earlier report from Pantera indicated that women in the crypto field earned 14.6% more than men, this study also showed that women in the industry had an average experience level of 5.3 years, compared to 4.5 years for men.Rebecca Liao stated that these two studies do not present a contradictory picture but rather emphasize the fact found by McKinsey in its 2023 Women in the Workforce report: women are not hindered by a lack of opportunities for C-suite promotions, but rather face a "leakage." This means that women progress from junior to mid-level positions at a slower rate than men, thereby hindering their chances of advancing to senior levels.

According to ChainCatcher news and CoinGecko data, the sports projects that have received the most sponsorships in the crypto industry since 2021 are: football (33 sponsorships), motorsports (21 sponsorships), esports (16 sponsorships), basketball (8 sponsorships), fighting (3 sponsorships), baseball (2 sponsorships), American football (2 sponsorships), and cricket (2 sponsorships).

According to ChainCatcher news and data disclosed by CoinGecko, the most sponsored sports projects in the cryptocurrency industry since 2021 are:Football - 33 sponsorship dealsMotorsport - 21 sponsorship dealsEsports - 16 sponsorship dealsBasketball - 8 sponsorship dealsCombat sports - 3 sponsorship dealsBaseball - 2 sponsorship dealsAmerican football - 2 sponsorship dealsCricket - 2 sponsorship deals

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on social media that Zhao Changpeng should not be underestimated and deserves respect.When the intrinsic value of an industry is lower than the capital it absorbs, society often views it as a "sin." In this case, those labeled as "sinners" are the individuals who build and participate in this industry. Society lists the most influential figures as the main culprits, believing they should be responsible for the industry's failure to develop properly. Although many have made mistakes, only a few atone for the "sins" of this industry.From the perspective of a mature society, the crypto industry bears many "evils." It has absorbed massive capital, yet its intrinsic value has not grown correspondingly. Like other young and immature industries, crime is rampant—this is one of the growing pains it faces.Binance co-founder and former CEO Zhao Changpeng will end his four-month detention. While he has indeed made mistakes, his detention also carries an alternative meaning, representing the growing pains of the industry. Zhao Changpeng is a respected businessman. Without Binance, the cryptocurrency industry would not have attracted the immense global liquidity it has today.It is crucial to clearly distinguish his merits from his faults. "In my opinion, Zhao Changpeng's achievements far outweigh his mistakes. He has paid fines, and his detention period is about to end. The industry should start to view him with a fresh perspective."

ChainCatcher news, according to Decrypt, former U.S. President Trump stated during a live broadcast on World Liberty Financial that if he is not elected in November this year, he believes that cryptocurrency builders who are under investigation by the U.S. SEC "will be in hell."Trump said, "If we do not win the election, those who are under investigation, those who are free right now, and those who are not being watched in the crypto world, they will feel like they are living in hell."Trump discussed what he described as the "incredibly hostile" regulatory approach towards the crypto industry under the current SEC Chairman Gary Gensler.There had been speculation that Trump's public endorsement of cryptocurrency and his promise to bring friendlier regulations to the industry might persuade the Biden administration to cool down on crypto enforcement. Trump himself believes this makes sense, stating, "Frankly, since they heard I was getting involved, their attitude towards industry participants has improved a lot, maybe they think this is a way to get votes."

ChainCatcher news, as reported by Bitcoin Magazine, Trump stated during a live broadcast that cryptocurrency "really has a chance to become something special. It is still young and growing... I believe in this."

ChainCatcher news, according to Cointelegraph, the UK's cryptocurrency industry self-regulatory organization CryptoUK stated that the strict regulations from the Financial Conduct Authority (FCA) are hindering the development of the cryptocurrency sector.According to the organization, the registration process for UK cryptocurrency companies is lengthy and difficult, which poses obstacles to business growth. In the past 12 months, UK regulators have only approved 4 out of 35 cryptocurrency companies for registration.International law firm Reed Harris revealed that the FCA takes an average of 459 days to process a registration application, which is comparable to the time required to apply for a full banking license. Industry insiders are concerned that strict regulations may cause the UK to lose its competitiveness against more crypto-friendly regions.

ChainCatcher news, CryptoQuant founder Ki Young Ju posted on the X platform that the crypto industry is in crisis. In the past, the crypto industry itself was like a game. The game abstracts the happy path of humanity, providing a pleasure experience similar to real life by triggering dopamine release. The performance of altcoins in 2024 is bleak. Funds are not flowing into this industry. If we do not create a new game to stimulate traders' dopamine, the crypto industry will face long-term stagnation.Ki Young Ju said, "Some people are even building completely different ecosystems, to the extent that they are classified as belonging to industries outside of crypto. Where have those builders gone who inspire us and explore new technologies? Why did they leave? I don't know. I want to ask Vitalik Buterin."Ki Young Ju added, "It is important to clarify that I am referring to Web3/Crypto, not Bitcoin."