ChainCatcher news, according to Hong Kong's Ta Kung Pao, Zhu Haokang, the head of digital asset management and family wealth management at Huaxia Fund (Hong Kong), stated that to encourage mainland enterprises with investment and financing needs to raise funds in the Web3.0 industry through Hong Kong's compliant tokenized securities laws and virtual asset trading platforms, Hong Kong can take the following measures:First, Hong Kong should fully leverage its advantages as an international financial center and actively improve the legal and regulatory framework for tokenized securities.At the same time, professional institutions in Hong Kong can provide legal and financial consulting services for mainland enterprises regarding Hong Kong RWA tokenization, helping them familiarize themselves with the issuance and trading processes of tokenized securities.Finally, Hong Kong needs to establish a sound investor protection mechanism to ensure that investors' rights and interests are effectively safeguarded.

ChainCatcher news, the Cyberspace Administration of Hebei announced the results of the "Clear and Bright · Clean Internet" network ecological governance in Hebei Province for December 2024. The provincial cyberspace system investigated and dealt with 137 illegal websites; 31 accounts of internet users were penalized; among them, websites such as "Hui Shijie" and "Ai Quan She," which provided download links for mobile applications for virtual currency trading platforms, were ordered to rectify and remove illegal links according to the law.

ChainCatcher news, according to Reuters, Andrew Chesley, the lawyer for Terra co-founder Do Kwon, defended him and stated that he will not seek bail at this time. U.S. District Court Judge Robert Lehrburger therefore ordered his detention. When U.S. Marshals escorted Do Kwon out of the courtroom, he took with him a 79-page copy of the indictment, and he is expected to appear in court again on January 8.Previous news, Do Kwon has pleaded not guilty to fraud charges in a hearing at the Manhattan federal court.

ChainCatcher news, according to Yonhap News Agency, South Korean President Yoon Suk-yeol's lawyer stated that executing an invalid arrest warrant is illegal and legal action will be taken.Previous news, South Korean law enforcement agencies set out to execute the arrest warrant for Yoon Suk-yeol, and the South Korean president stated he is prepared to take decisive measures against market fluctuations.

ChainCatcher news, the American cryptocurrency lobbying group (Blockchain Association) stated on social media that a lawsuit has been filed against the new "broker" related regulations enacted by the IRS and the Treasury Department.The IRS and the Treasury Department have exceeded their statutory authority by expanding the definition of "broker" to include providers at the front end of DeFi transactions, even though they do not execute trades. This not only infringes on the privacy rights of individuals using decentralized technology but also pushes emerging technologies overseas.

ChainCatcher news, regarding the "U.S. judge ruling that Coinbase can delist WBTC," BiT Global stated that it is disappointed with the ruling but respects the court's decision and appreciates the court's prompt handling of the matter and serious consideration.It emphasized that this ruling is not a final judgment on the case, but merely determines that Coinbase's delisting does not seem to have caused irreparable harm to BiT Global, thus the temporary restraining order is reasonable. The court clearly stated that this ruling does not prevent BiT Global from seeking a preliminary injunction or continuing to litigate the case through trial in the future. "We look forward to continuing to litigate this case and having the opportunity to fully demonstrate the impact of Coinbase's erroneous decision in the future."

ChainCatcher news, according to Bloomberg, the Internal Revenue Service (IRS) stated in a lawsuit that staking cryptocurrency should immediately create a tax obligation upon completion.The IRS dismissed the lawsuit filed by cryptocurrency investor Joshua Jarrett in the U.S. District Court for the Middle District of Tennessee. The lawsuit concerns the tax treatment of staking, which is the process of generating new tokens by using existing tokens and computing power to validate currency transactions.In a response on December 20, the IRS denied that staking creates new property and argued that the taxpayer (Jarrett) should pay taxes on the value of the tokens when he receives the staking rewards.

ChainCatcher news, according to Jinshi reports, the U.S. Senate has passed a temporary funding bill to avoid a government shutdown, and Biden is expected to sign the bill into law on Saturday.ChainCatcher previously reported, citing Fox News as reported by Jinshi, that after Congress failed to pass a temporary spending bill to avoid a government shutdown and send it to President Biden's desk before the deadline, some government agencies have shut down. The Senate is currently actively voting on amendments and other deliberations to submit the bill to Biden. This temporary bill is expected to pass in the Senate within the next few hours.This partial government shutdown comes just days before Christmas and New Year. However, since the Senate is expected to pass the bill shortly, the disruption to government functions from the brief shutdown will be minimal.

ChainCatcher news, Luxembourg has passed the "Blockchain Law 4," aimed at making the adoption of DLT for securities easier. This is the country's fourth blockchain law.According to the current DLT securities law, Luxembourg adopts a two-tier concept, including a central account manager, similar to a Central Securities Depository (CSD), but less cumbersome. The second tier involves account managers, i.e., custodians.EU credit institutions or investment firms or Central Securities Depositories (CSD) can act as control agents. There is no need to obtain a license in Luxembourg, but the regulatory authority (CSSF) must be notified several months in advance.

ChainCatcher news, encrypted influencer Haliey Welch posted a response to the HAWK token crash incident. She stated that she will fully cooperate with the investigation and assist the legal team representing the affected investors, dedicated to uncovering the truth and holding the responsible parties accountable.Previously, a meme coin featuring Haliey Welch's portrait, HAWK, was launched on December 4, reaching a market cap of $500 million, before plummeting 90%, prompting investors to file lawsuits. Welch urged affected investors to contact the Burwick legal team.

ChainCatcher news, the team behind the memecoin HAWK related to Haliey Welch or "Hawk Tuah Girl" has been sued by investors for allegedly violating securities laws.The lawsuit filed in a New York federal court claims that HAWK's actions resemble unregistered securities, attracting first-time cryptocurrency investors who subsequently suffered "huge losses" after the token's decline. Twelve plaintiffs who invested in HAWK collectively incurred financial losses of $151,000 and are suing for a jury trial.

ChainCatcher news, according to market news, 21Shares has registered its Polkadot trust in Delaware, and the trust product is named "21SHARES POLKADOT TRUST".

ChainCatcher news, according to CCTV International News, the legal advisor of impeached South Korean President Yoon Suk-yeol, Seo Dong-hyun, stated to the media that if there is anything he needs to clarify during the Constitutional Court's review of Yoon Suk-yeol's impeachment case, Yoon is willing to explain it himself. Seo Dong-hyun mentioned that Yoon Suk-yeol has never considered instigating a rebellion, so he cannot agree with the charge of "rebellion."

ChainCatcher news, according to Cointelegraph, a crypto advocacy group is urging the U.S. Securities and Exchange Commission to immediately review all existing crypto-related investigations, Wells notices, and ongoing lawsuits from the first day of Trump's new administration.The Digital Chamber's Token Alliance stated in a release that the new U.S. government will provide the SEC with an opportunity to reset its "historically problematic relationship" with the digital asset industry. Notably, Trump's nominee for SEC Chairman, Paul Atkins, is one of the members of the advisory board of this alliance.

ChainCatcher news, according to Jin10, Federal Reserve Chairman Powell stated that the Federal Reserve has no intention of holding Bitcoin. Powell said at the press conference following the FOMC meeting: "We are not allowed to hold Bitcoin. This is something for Congress to consider, but we have no intention of seeking to change the law."

ChainCatcher news, according to Cryptonews, former South Korean Democratic Party lawmaker Kim Nam-guk is facing legal consequences for concealing a large amount of cryptocurrency assets, reflecting South Korea's strict stance on cryptocurrency regulation.According to local reports, prosecutors have proposed a six-month prison sentence for Kim Nam-guk, on the charge that he intentionally altered the asset declaration submitted to the National Assembly, concealing cryptocurrency assets worth $7.5 million.

According to ChainCatcher news, as reported by decrypt, Crypto.com voluntarily withdrew its lawsuit against the U.S. Securities and Exchange Commission (SEC). Market analysts believe that the timing of this decision is not coincidental, as the exchange's CEO Kris Marszalek had previously met with Donald Trump at Mar-a-Lago. The decision to withdraw the lawsuit may indicate that Crypto.com believes closer cooperation with the new government could be beneficial for its open attitude towards supporting crypto innovation.

ChainCatcher news, former South Korean Democratic Party lawmaker Kim Nam-guk attended the first public trial today at the Southern Seoul Court for allegedly concealing cryptocurrency holdings and falsely reporting assets in the 2021 and 2022 National Assembly property declarations. Former lawmaker Kim is accused of adjusting the total amount of assets by transferring part of his cryptocurrency deposits to a bank account and converting the remaining portion into cryptocurrency, thereby obstructing the National Assembly's Ethics Committee's review of asset changes. The court has decided to sentence him to 6 months in prison. The incident is still under further investigation.