ChainCatcher news, former CFTC Chairman Chris Giancarlo discussed the high-profile lawsuit by the U.S. SEC against Ripple regarding XRP in an interview this week. The SEC alleges that Ripple's issuance of XRP violated securities laws, with a federal court ruling that some of the issuance meets the criteria for securities while others do not.Giancarlo believes that the SEC should reconsider its approach, especially in light of recent legal outcomes and the potentially changing regulatory environment. When asked whether the SEC would drop the Ripple lawsuit, Giancarlo stated: I think they should... I bet they will.

ChainCatcher news, according to Caixin, U.S. House Democratic leader Hakeem Jeffries stated that during Thanksgiving, members of the party faced "violent threats," including bomb warnings and attempts to falsely report emergencies to lure SWAT teams to the homes of lawmakers. Similar incidents have also occurred involving cabinet nominees of then-elected President Donald Trump.The incidents targeting Democratic lawmakers included "detailed threats about placing pipe bombs in mailboxes and attempts to lure SWAT teams into action, all of which were signed off with 'MAGA'," Jeffries said in a statement on Friday. The "MAGA" he referred to is Trump's political slogan "Make America Great Again." Jeffries noted that due to the swift response of law enforcement, no devices were found, and members of Congress and their families remained safe during the holiday.Some Democratic lawmakers from Connecticut reported that they were targeted during the Thanksgiving incidents, including Representatives Jim Himes, Rosa DeLauro, and Jahana Hayes. They posted the threats they received on the X social media platform.

ChainCatcher news, according to TASS, Russian President Vladimir Putin has signed a law regulating the taxation of digital currencies.According to the law, digital currencies are recognized as property. This also applies to currencies used for foreign trade payments within the framework of the "Experimental Legal Regime (EPR) in the field of digital innovation." The mining and sale of digital currencies are exempt from value-added tax. Operators of mining infrastructure must report to the tax authorities the issuance of cryptocurrencies using their services. Failure to timely transmit such information may result in a fine of 40,000 rubles.In terms of personal income tax, digital currencies obtained through mining will be classified as tangible income (a term typically used when payment is made using goods or services rather than currency). The value of the income will be determined based on market quotes. Such income will be taxed at the usual progressive tax rates, taking into account tax deductions for the amount of mining expenses.At the same time, income from the acquisition, sale, or other circulation of digital currencies will be taxed at a two-tier personal income tax rate (13% for income up to 2.4 million rubles, and 15% for income exceeding this amount). They will be included in the same tax base as income from transactions with securities, bank deposits, and other sources. Regarding corporate income tax, digital currency mining will be taxed at the standard rate (25% starting in 2025).

According to ChainCatcher, Bloomberg reports that former Binance executive Amrita Srivastava has filed a whistleblower lawsuit in the UK for wrongful termination. During her time in London, Srivastava stated to the labor arbitration tribunal that she was unfairly dismissed after reporting an incident involving colleagues soliciting bribes from clients for preferential treatment.In response, Binance stated that the company was already aware of the matter and had initiated an internal investigation, and that the employee was terminated due to poor job performance, with the dismissal decision made prior to her whistleblowing. The case is currently being heard by the UK labor arbitration tribunal.

ChainCatcher news, Hong Kong Legislative Council member (Financial Services Sector) Lee Wai-hung proposed the motion "Promoting High-Quality Development and Building a Financial Power" at the Legislative Council meeting yesterday (November 27) and it was passed.It is reported that the motion mainly revolves around six strong key core elements, and aims to achieve the goal of a strong financial sector through the development of "five major areas" including technology finance, green finance, inclusive finance, pension finance, and digital finance. In terms of digital finance, he suggested allowing retail investors to participate in more types of virtual asset trading in different currencies, as well as expediting the approval process for license upgrades by the Securities and Futures Commission.He also believes that Hong Kong could explore establishing a Hong Kong version of the ESG certification system to assist domestic enterprises in making ESG reports that meet international standards.

ChainCatcher news, according to Bitcoin.com, the Federation Council of the Russian Parliament approved a government-initiated bill on Wednesday that outlines the tax framework for digital currencies. This legislation was passed in a plenary session after being approved by the lower house, the State Duma, the day before.The new law classifies digital currencies (including currencies used as payment tools under an experimental legal regime) as property under Russian domestic tax law. This classification exempts value-added tax (VAT) on digital currency mining and sales transactions, easing the financial obligations of industry participants. Additionally, services provided by authorized organizations that facilitate transactions within these experimental regimes will also be tax-exempt.An important provision requires operators of mining infrastructure to report personal data of individuals using their systems to tax authorities. Income from digital currency mining will be considered taxable income, forming the basis for personal income tax. Danil Volkov, head of the Russian Ministry of Finance department, stated that businesses engaged in mining activities must pay taxes at the standard corporate income tax rate.

ChainCatcher news, a Brazilian congressman has officially proposed the establishment of a national strategic Bitcoin reserve ------ Bitcoin Sovereign Strategic Reserve. The plan, known as the "Bitcoin Sovereign Strategic Reserve" (Reserva Estratégica Soberana de Bitcoins, abbreviated as RESBit), aims to diversify the national treasury. According to Brazilian media platform Portal do Bitcoin, Congressman Eros Biondini submitted this proposal on Monday.Previous news, as the price of Bitcoin approaches $100,000, the demand and price for Bitcoin exchange-traded fund (ETF) shares on the Brazilian stock exchange have surged. The first cryptocurrency ETF launched on B3, Hashdex, has reached an all-time high, with net asset value nearing $689 million.

ChainCatcher News: Special Counsel Jack Smith of the U.S. Department of Justice submitted materials to the U.S. Federal Court on the 25th, abandoning the litigation process for two criminal cases against former President Trump, who is seeking to return to the White House, regarding allegations of overturning the results of the 2020 U.S. presidential election and mishandling government confidential documents.

ChainCatcher news, according to Cointelegraph, the Bitcoin financial services company Swan Bitcoin filed a lawsuit against its current legal advisor, Gibson, Dunn & Crutcher LLP, for legal malpractice in the California Superior Court on November 22. The lawsuit stems from the law firm's hiring of attorney Barry Berke, who represents the competitor Tether.Swan Bitcoin previously hired Gibson as legal counsel in September to sue a group of former employees for allegedly stealing software code to establish the cryptocurrency mining company Proton Management. Swan claims that Proton persuaded Tether to sever its relationship with Swan and instead support Proton.On November 24, Gibson filed a motion to withdraw from representing Swan in the case against Proton, stating that "the attorney-client relationship has completely broken down." In response, Swan filed for a temporary restraining order in the California Superior Court on November 25, seeking to prevent Gibson from withdrawing from the case and prohibiting it from accepting Tether as a client. The court has scheduled a hearing on the temporary restraining order for November 26.

ChainCatcher news, crypto lawyer John Deaton stated that SEC Chairman Gary Gensler, while refusing to meet with U.S. cryptocurrency executives like Coinbase CEO Brian Armstrong and Kraken CEO Jesse Powell, held a private meeting with FTX's SBF. He questioned whether the $10 million donation from SBF to politicians was related to the special regulatory treatment he received and demanded that the SEC make the relevant meeting records public.

ChainCatcher news, FOX reporter Eleanor Terrett posted on social media, "Global ETF provider WisdomTree has registered an XRP ETF in Delaware. I have confirmed with the company that this is a legitimate filing."

ChainCatcher news, according to Cointelegraph, Texas House Republican Cody Harris spoke on November 21 at the North American Blockchain Summit about the development of Texas's gold-backed token. He believes that the gold-backed tokens issued by the Texas government could serve as a gateway for Texans to explore digital assets like Bitcoin.Previously, in April 2023, two Texas lawmakers introduced two bills aimed at creating a state-issued digital currency backed by gold. Under the plan, each unit of the digital currency would represent a specific fraction of an ounce of gold held in trust. Harris stated that this initiative could help skeptics become more accepting of cryptocurrency by providing a government-issued digital alternative before transitioning to decentralized assets like Bitcoin; for those who are very reluctant to own Bitcoin or explore cryptocurrency, tokens issued by startups may feel somewhat "reassuring" compared to government-issued tokens. While encouraging Texas's gold-backed digital currency project, Harris is opposed to central bank digital currencies (CBDCs).

ChainCatcher news, according to Cointelegraph, Bitwise has submitted documents to the Delaware Department of State in the United States to apply for the registration of its first Solana ETF.

ChainCatcher message, Slow Mist stated on platform X that due to law enforcement intervention, Slow Mist will fully cooperate with law enforcement and DEXX official related investigation requests. If not authorized, it is impossible to disclose information that should not be disclosed. If you are a victim, keep an eye on the wallet address of the attacker corresponding to your stolen funds. Many wallets have an observer wallet mode, which makes it easy to monitor fund movements.

ChainCatcher news, according to sources cited by CoinDesk, Trump is considering appointing blockchain-savvy lawyer Teresa Goody Guillén as the SEC chair. (ibtimes)

ChainCatcher message, according to the disclosures in the FTX lawsuit documents, Meerun is a complex and well-organized criminal who has defrauded FTX by manipulating tokens such as BTMX since 2021, resulting in losses exceeding $1 billion. His methods include manipulating token prices to increase collateral value, exploiting vulnerabilities in the FTX margin system to obtain funds, and evading monitoring through false KYC materials and multiple associated accounts.The FTX team attempted to freeze Meerun's account but failed to timely stop his withdrawals, resulting in his successful cashing out of $450 million. Additionally, Meerun is also suspected of manipulating other tokens such as MOB, BAO, and SXP, profiting significantly from the characteristics of insufficient market liquidity.The documents further indicate that Meerun has close ties to organized crime networks in Poland, Romania, and Ukraine, which are involved in human trafficking and terrorism financing.

ChainCatcher news, the Shanghai High People's Court published an article stating that the Songjiang District People's Court of Shanghai has concluded a dispute case regarding the validity of a virtual currency issuance financing service contract. The court believes that token issuance financing is an illegal public financing behavior, and the "Blockchain Incubation Agreement" involved in the case is invalid.The article points out that virtual currency, as a type of virtual commodity, has property value and is not prohibited by law. Although there are no explicit regulations on virtual currency in Chinese law, regulations issued by the People's Bank of China and other departments have regulated activities related to virtual currency.Therefore, although individuals holding virtual currency purely is not illegal, commercial entities cannot arbitrarily participate in virtual currency investment transactions or issue tokens on their own. Once they touch upon the bottom line of civil and criminal legal principles and rules in their trading activities, they may suffer losses or, in serious cases, be suspected of committing a crime.

ChainCatcher news, according to Coindesk, sources say that the Trump team is considering Teresa Goody Guillén, a partner at the law firm Baker Hostetler and co-head of its blockchain team, as one of the candidates for the next SEC chairman.Goody Guillén is an experienced securities lawyer with a background in serving the SEC and representing blockchain companies and traditional businesses against the agency. Sources indicate that Trump is looking for a non-bureaucratic supporter of cryptocurrency to fundamentally reform the U.S. Securities and Exchange Commission (SEC).Insiders in Washington say that unlike the first term of Trump's administration, the election process for the second term is swift and orderly, with the SEC chairman candidate expected to be selected before Thanksgiving.

ChainCatcher message, Slow Mist posted on platform X stating that its team will assist law enforcement in tracking stolen funds and analyzing related clues. A complete list of hacker addresses will soon be released in collaboration with DEXX. Currently, approximately 2,000 suspicious addresses have been roughly identified.