NST

The SEC acting chair instructed to review cryptocurrency-related statements to determine whether modifications or retractions are necessary

ChainCatcher news, according to The Block, Acting Chair of the U.S. Securities and Exchange Commission (SEC) Mark T. Uyeda instructed agency staff on Saturday to review several previously issued employee statements regarding the application of securities laws to cryptocurrency investments and digital assets. This directive was issued under Executive Order 14192 (titled "Promoting Prosperity Through Regulatory Relief") and in response to recommendations from the Department of Government Efficiency (DOGE). Uyeda stated that the statements would be reviewed to determine whether they need to be "modified or rescinded" to align with the SEC's current priorities.The specific statements under review include: the 2019 guidance on whether digital assets constitute securities, which involves how to assess whether digital assets fall under securities through the "Howey Test"; the 2021 statement on Bitcoin futures, which advised investors to exercise particular caution when investing in mutual funds involving the Bitcoin futures market, emphasizing the speculative nature of the market, risks of market manipulation, liquidity constraints, and volatility, especially within mutual funds; and the 2022 guidance following cryptocurrency bankruptcy events, which required crypto companies to transparently disclose risks related to the crypto market, highlighting impacts on investors, including custody risks, liquidity issues, reputational damage, and regulatory scrutiny.Additionally, Uyeda also instructed the review of a risk alert issued in February 2021, warning investors about the "unique risks" of trading digital assets, as well as a 2020 statement regarding Wyoming allowing state-chartered trust companies to custody digital assets.

Bitget has become the third mainstream exchange in the world to obtain both DASP and BSP licenses from El Salvador

ChainCatcher news, recently, the National Digital Assets Commission of El Salvador (CNAD) granted a Digital Asset Service Provider (DASP) license to Bitget. Following the acquisition of a Bitcoin Service Provider (BSP) license in 2024, Bitget has further expanded its compliance layout locally, becoming the third mainstream cryptocurrency exchange globally to obtain dual licenses, after Binance and Bitfinex.The acquisition of both DASP and BSP licenses means that Bitget can legally conduct spot and derivatives trading, staking, yield products, and other one-stop digital asset services in El Salvador. Additionally, the new license also covers infrastructure products such as crypto savings and investments, further enhancing user convenience and asset security in participating in Web3.Bitget's Chief Legal Officer Hon Ng stated, "We are always committed to expanding our business in countries with clear regulatory frameworks and providing quality services to our users. This recognition from CNAD is an important step in Bitget's global compliance strategy. El Salvador has a forward-looking and transparent approach to digital asset regulation, making it very attractive for Web3 companies focused on compliance. In the future, we will continue to support markets with clear regulatory systems and promote the robust development of the crypto economy."

First Digital: did not participate in coordinating the plan or misappropriating funds, executing transactions according to the instructions of Techteryx and its authorized representatives

ChainCatcher message, First Digital issued an official statement on social media: "Today, Justin Sun's accusations against FDT at the press conference are unfounded. We firmly deny any claims regarding FDT's alleged involvement in coordinating plans or misappropriating funds. We want to emphasize that these accusations are completely baseless and factually incorrect.FDT acts solely as an intermediary, executing transactions at the direction of Techteryx and its authorized representatives. FDT has not, and is not obligated to, independently assess or advise on Techteryx's investments. We have never moved or invested funds without explicit written instructions from Techteryx or its authorized representatives. All reserve assets are deployed strictly according to the written instructions provided by Techteryx and its authorized representatives at the time. We have records of all written instructions as evidence.Regarding Techteryx's request for fund redemption, ARIA has expressed its anti-money laundering (AML) and Know Your Customer (KYC) concerns regarding the acquisition transaction between TrueCoin and Techteryx, as well as the identity of Techteryx's ultimate beneficial owners. As of today, Techteryx has refused to provide the information requested by ARIA.We reiterate that FDT remains fully solvent, with each FDUSD fully backed by cash and cash equivalents at a 1:1 ratio. The exact ISIN numbers of all reserve assets supporting FDUSD are clearly listed in our certification report and are available for public verification. We are processing redemption requests as usual. We are seeking legal advice, and FDT will take legal action to protect its rights and reputation."
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