ChainCatcher news, according to The Block, the UK government submitted a bill to Parliament on September 11, aiming to officially define crypto assets (including NFTs and RWAs) as property. Minister of State for the Ministry of Justice, Heidi Alexander, stated that previously digital assets were not clearly defined within the property law framework in England and Wales, leaving asset owners in a legal gray area. If the bill is passed, it will introduce a third category of property in addition to the existing "real property" and "rights property," granting specific digital assets personal property rights.Alexander emphasized that the bill aims to maintain the UK's leading position in the global crypto space and attract more businesses and investments. Digital assets contribute £34 billion to the UK economy each year. The bill is a response to the UK Law Commission's 2023 report, which noted that while digital assets do not fall under real property or rights property, they should be regarded as property.

ChainCatcher news, Trump stated at the Bitcoin conference: "If cryptocurrency is to define the future, I want it to be mined, minted, and manufactured in the United States. Cryptocurrency is about to go to the moon. I want the United States to be the leading country."

ChainCatcher news, according to CryptoSlate, the European Securities and Markets Authority (ESMA) has defined Maximum Extractable Value (MEV) as a clear example of illegal market abuse in its draft technical standards under the proposed Markets in Crypto-Assets (MiCA) regulation.Patrick Hansen pointed out that nearly all EU-regulated crypto businesses, including exchanges and brokers, will need to detect and report instances of MEV through comprehensive "Suspicious Transaction or Order Reports" (STORs). The new standards have raised concerns about the feasibility of managing the reporting of every instance.ESMA also suggested that authorities inside and outside the EU cooperate to sanction market abuse, and actors involved in MEV may face investigations and enforcement from international regulatory bodies. The consultation feedback deadline set by ESMA is June 25, and the final standards are expected to have a significant impact on the EU's crypto regulatory environment.

ChainCatcher news, Ethereum infrastructure development company ConsenSys stated on social media, "If the U.S. Securities and Exchange Commission (SEC) successfully defines Ethereum as a security, then companies and developers will see years of work go to waste, and tens of billions of economic value will be destroyed, which could lead to massive unemployment for American workers."In addition, in the article "ConsenSys Sues the SEC to Protect the U.S. Ethereum Community," it stated, "Ethereum is a global computing platform, not an investment scheme. Ether is not a security, but a commodity, a fact that has been confirmed multiple times by the U.S. Commodity Futures Trading Commission (CFTC). Applications that allow people to trade using Ethereum are not securities brokers and therefore cannot be regulated by the U.S. SEC. The illegal power expansion of the U.S. SEC threatens America's position as a leader in the next generation of the internet."

Coinbase Chief Legal Officer Paul Grewal tweeted that today we presented arguments to dismiss the SEC's allegations. The SEC has broad authority over all investments, yet it has not provided any limiting principles for its definition of investment contracts. The SEC cannot unilaterally expand and redefine its regulatory scope; this should be determined by Congress and the ongoing legislative discussions regarding the regulatory framework. Coinbase does not offer securities, and we are confident in our legal arguments. We look forward to a decision from the court that can bring clarity to the industry.

ChainCatcher news, according to DL News, Compound Labs founder Robert Leshner stated at the Permissionless conference in Austin, Texas, that institutional investors like the concept of DeFi but want to use it to trade traditional assets such as stocks, bonds, and currencies, rather than cryptocurrencies. Leshner referred to this as the "great divide," which will "define the next 10 years of DeFi."Previously, Leshner resigned as CEO of Compound Labs and founded a new company, Superstate, which aims to bring traditional assets onto the blockchain.

ChainCatcher news, Hong Kong Legislative Council member Wu Jietzhuang posted a vote on Twitter, with the topic "To further promote Hong Kong as a web3 center, the government and Hong Kong regulators should define and create a semi-private blockchain to integrate all financial services, and create a public blockchain to facilitate daily applications."As of now, a total of 111 people have participated, with 74.8% expressing support, 17.1% opposing, and the voting will continue for 1 more day. (source link)