ChainCatcher news, FOX reporter Eleanor Terrett posted on social media, "New York Attorney General Letitia James sent a letter to congressional leaders, the Speaker of the House, and the House Minority Leader, urging them to pass a federal regulatory framework for digital assets to mitigate the risks of fraud, criminal activity, and financial instability.She stated that the widespread adoption of Bitcoin threatens the dominance of the dollar and called for the 'localization' of stablecoins (i.e., promoting their development within the United States) to protect the dollar's dominance. James also opposed allowing digital assets to be included in retirement accounts."

ChainCatcher news, the UK's Financial Conduct Authority (FCA) plans to launch a new "gateway" authorization system in 2026, which will expand the regulatory scope of crypto asset activities. This framework will cover multiple areas including stablecoin issuance, payment services, lending, and exchanges.FCA's Director of Payments and Digital Assets, Matthew Long, stated that compared to the previous regulatory approach that focused solely on anti-money laundering (AML) compliance, the new framework will significantly broaden the regulatory scope. Industry insiders point out that this regulatory framework may have a significant impact on infrastructure builders such as Layer 2 (L2) and cross-chain trading, and may serve as a reference for other countries in formulating related policies.

ChainCatcher news, according to the Hong Kong Wen Wei Po report, the Vice President of the Hong Kong Monetary Authority, Chen Weimin, stated that a regulatory framework is being established for the issuance of stablecoins, laying the foundation for the development of the cryptocurrency ecosystem. Hong Kong has made good progress in developing stablecoins, with relevant legislation currently under review by the Legislative Council, and it is expected to pass in the coming months. The Hong Kong Monetary Authority is carefully examining the potential operational risks of stablecoins, including the management of reserve assets, liquidity, and anti-money laundering (AML), to ensure that licensed issuers can effectively manage risks and that their business models are sustainable.Chen Weimin also mentioned that Hong Kong has long established a roadmap for the development of virtual assets, with clear division of responsibilities between the authorities and the Hong Kong Securities and Futures Commission. The goal is to develop Hong Kong into a leading cryptocurrency center. In recent years, Hong Kong has been developing central bank digital currency (CBDC), believing that CBDC can facilitate more efficient and lower-cost cross-border payments, which will help promote cross-border trade and explore the potential of tokenization.

According to ChainCatcher, Representative Adrian Boafo from Maryland and New York Assemblyman Clyde Vanel co-sent a letter to Congressional Democratic leaders, calling for the establishment of a federal cryptocurrency regulatory framework to prevent fragmented regulatory policies across states. The letter was sent to Senators Elizabeth Warren, Amy Klobuchar, and Representatives Maxine Waters and Angie Craig, emphasizing that currently, 35 states have introduced various cryptocurrency legislations, ranging from legal recognition of digital assets to restrictive measures. Without federal guidance, market uncertainty will further intensify, affecting business and financial development.Boafo and Vanel are concerned that Democrats like Warren and Waters, who have long held anti-crypto positions, may hinder bipartisan cooperation and impact the implementation of the regulatory framework. The two emphasized that Democrats have consistently led in promoting technology policy and bipartisan collaboration, and they hope to continue advocating for unified and clear digital market regulation to ensure the U.S. remains competitive in the crypto economy.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on social media that the U.S. Senate Banking Committee is set to hold its first review of the stablecoin regulatory framework bill submitted by Republican Senator Bill Hagerty.

ChainCatcher news, according to official sources, the Monetary Authority of Singapore (MAS) and the State Securities Commission of Vietnam (SSC) have announced enhanced cooperation in the regulation of capital markets and the regulatory framework for digital assets to support the development of Vietnam's regulatory framework for digital assets.

ChainCatcher news, according to Bitcoin.com News, the Cayman Islands has updated its cryptocurrency regulatory framework and established new licensing regulations that will take effect on April 1, 2025.According to the 2025 Virtual Assets (Service Providers) (Amendment) Regulations, all entities providing virtual asset custody and trading platform services are required to obtain a license issued by the Cayman Islands Monetary Authority (CIMA). Existing virtual asset service providers (VASPs) must submit their license applications within 90 days after the effective date.As part of the application process, crypto asset custodians must disclose the types and amounts of virtual assets they intend to hold for clients, while trading platform operators need to provide details about expected revenue and the location of their physical hardware.

ChainCatcher news, according to a report by Yonhap Infomax, Seoul Mayor Oh Se-hoon expressed support for cryptocurrency ETFs and Security Token Offerings (STOs). In a post on Facebook, Oh stated that South Korea should establish a regulatory framework that integrates virtual assets with the real economy, similar to the models in the United States and Europe.He emphasized the importance of establishing foundational legislation for virtual assets, which would enable cryptocurrency ETFs, corporate cryptocurrency trading, and STOs, and pointed out that these practices have been widely accepted in leading countries.

ChainCatcher news, U.S. Senate Banking Committee Chair Cynthia Lummis posted on the X platform calling for the United States to launch a bipartisan-supported regulatory framework for stablecoins, as the stablecoin race has already begun and the U.S. is falling behind.

ChainCatcher news, according to CoinDesk Japan, the Financial Services Agency of Japan approved the Financial Review Council's working group report on the payment settlement system on February 19. The report underwent seven rounds of discussions and proposes a new regulatory framework for cryptocurrency exchanges and stablecoins.The report suggests incorporating relevant provisions of the Financial Instruments and Exchange Act into the Payment Settlement Act to enhance user protection in the event of exchange bankruptcies. It also proposes the introduction of a "belonging system" for cryptocurrency trading, requiring intermediaries to be affiliated with specific exchanges and prohibiting them from holding user assets.Regarding stablecoin regulation, the report allows issuing institutions to allocate up to 50% of their assets to short-term government bonds and specific time deposits, no longer limited to demand deposits. This regulatory framework has been submitted for approval by Financial Services Agency official Katsunobu Kato, and the relevant legislative work is set to begin soon.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated support for establishing a regulatory framework around stablecoins.

ChainCatcher news, according to Bloomberg, Republican Senator Bill Hagerty will introduce a stablecoin regulatory framework bill on Tuesday in response to the crypto industry's demand for clear regulations.The bill aims to create a predictable regulatory environment for stablecoins pegged to the dollar, gaining support from President Trump. Industry insiders believe that federal-level regulation will enhance the legitimacy of stablecoins and is expected to drive broader market adoption.

ChainCatcher news, according to Petra, Jordan has announced plans to develop a comprehensive regulatory framework for virtual and digital assets within a year, aimed at aligning with global standards and promoting the development of its digital economy.The plan will be led by the Jordan Securities Commission (JSC) and supported by the National Future Technology Committee, focusing on creating the necessary legal and technical infrastructure to oversee cryptocurrency trading platforms and virtual asset activities.A ministerial committee led by the Minister of Digital Economy and Entrepreneurship will manage the challenges and guide the implementation of these regulations, consisting of officials from the country's central bank, JSC, and the National Cybersecurity Center.This move comes as Jordan seeks to address the vulnerabilities highlighted by the Financial Action Task Force (FATF). Due to concerns over virtual asset risks and money laundering loopholes, the task force placed Jordan on the gray list in 2023.

ChainCatcher news, according to The Block, investment bank TD Cowen stated that the Donald Trump administration has taken initial steps to indicate its support for the cryptocurrency industry, but meaningful regulatory clarity is still far from being realized immediately. On Thursday, Trump signed an executive order establishing a digital asset market working group, tasked with identifying and eliminating barriers to cryptocurrency innovation.The TD Cowen Washington research team noted that every president sets up committees and working groups on key issues. This is significant symbolically, as it reflects how the Trump team prioritizes cryptocurrency, but it is different from changes in rules; establishing the rules needed for the industry will take years, not weeks.

ChainCatcher news, according to The Block, the Washington research team at investment bank TD Cowen stated that while the Trump administration expressed support for the cryptocurrency industry through executive orders, this is only a "simple part."The head of the research team, Jaret Seiberg, pointed out that every president establishes committees and working groups for important issues, which symbolically shows the Trump team's level of importance placed on cryptocurrencies, but this is different from changes in regulations.He emphasized that establishing the regulatory rules needed for the industry will take "years, not weeks."