representatives

According to the official blog, Plume Network's General Counsel Salman Banaei stated at a hearing held by the U.S. House Financial Services Committee that tokenized securities should not be viewed as a completely new asset class, nor should new rules or exemptions be created for them.He argued that regulation should be driven by the economic nature and risks of financial products, rather than the technology used, and thus should incorporate new technological realities into the existing regulatory framework through targeted amendments to current regulations.Salman pointed out that utilizing public blockchains and on-chain compliance tools (such as Plume's built-in protocol-level anti-money laundering screening) can significantly enhance market transparency, reduce costs, and decrease reliance on intermediaries while maintaining or even exceeding existing regulatory standards.Finally, Salman issued a warning: the competition for global tokenized infrastructure is accelerating, with regions like Hong Kong, Singapore, and the UAE actively positioning themselves. If the U.S. falls behind in regulation due to policy uncertainty, it risks losing its leadership position in the digital transformation of global capital markets, allowing this strategic opportunity to shift to foreign competitors with different geopolitical objectives.

The U.S. House Financial Services Committee will hold a hearing on "Tokenization and the Future of Securities" on March 25, 2026, at 22:00 (UTC+8) to discuss the impact of security tokenization on capital markets, investor protection, and regulatory frameworks, and to review a legislative proposal requiring the SEC and CFTC to study the tokenization market.Witnesses include SIFMA President Kenneth Bentsen, Blockchain Association CEO Summer Mersinger, DTCC Deputy General Counsel Christian Sabella, Nasdaq Chief Legal and Compliance Officer John Zecca, and Plume Network General Counsel Salman Banaei.

According to Crypto In America, representatives from the cryptocurrency industry and the banking sector will head to Capitol Hill to review legislative texts concerning the yield and reward mechanisms for stablecoins.Reports indicate that the White House has reached a preliminary compromise with senators on related provisions, with the core controversy being whether to allow cryptocurrency platforms to offer yields to stablecoin holders. The current draft may include provisions that restrict yields on idle balances in response to the banking industry's concerns about deposit outflows and impaired lending capacity.Additionally, the relevant legislative texts have not yet been made public, and the industry still lacks clear expectations regarding the specific content. The Senate Banking Committee may advance the review process after the Easter holiday.

The U.S. House of Representatives is expected to vote on a war powers resolution on Thursday. The resolution requires the president to obtain congressional approval before taking any further military action.

According to crypto journalist Eleanor Terrett, the known attendees of the third meeting on stablecoin yield issues include Coinbase Chief Legal Officer Paul Grewal, Ripple Labs Chief Legal Officer Stuart Alderoty, a16z Crypto Policy Director Miles Jennings, and other representatives from the banking industry.Previous reports indicated that the third meeting on stablecoin yield issues is scheduled to take place at 9:00 AM Eastern Time (10:00 PM Beijing Time) at the White House, with a small group of representatives from the cryptocurrency and banking industries in attendance.

Coinbase CEO Brian Armstrong posted on the X platform that enabling more x402 checkout processes is very important so that customer service personnel can work more efficiently.

According to Cointelegraph, the Dutch House of Representatives passed a legislative proposal on February 13, aiming to impose a 36% capital gains tax on savings and most liquid investments, including cryptocurrencies. The proposal was approved with 93 votes, surpassing the 75-vote threshold required for passage.Under the proposal, earnings from savings accounts, cryptocurrencies, most equity investments, and interest-bearing financial instruments will be taxable, regardless of whether the assets are sold. Certain assets, such as startup equity and non-investment physical assets, may be exempt. The proposal must be approved by the Dutch Senate before it can take effect, and if passed, it will be officially implemented in the 2028 tax year. Opponents argue that the bill will encourage capital to flow to jurisdictions with more favorable tax policies.Investor calculations show that an investor who contributes 1,000 euros per month for 40 years will see their final earnings drop from 3.32 million euros to 1.885 million euros under a 36% tax rate, resulting in a difference of 1.435 million euros.

According to The Block, a senior Democratic member of the U.S. House of Representatives has launched an investigation into the cryptocurrency project World Liberty Financial (WLFI) related to Donald Trump, following reports that the project received a $500 million investment from an entity linked to a member of the UAE royal family.U.S. House member Ro Khanna sent a letter to WLFI co-founder Zach Witkoff requesting detailed information and relevant documents. The letter cited an earlier report from The Wall Street Journal, stating that Aryam Investment 1 (controlled by UAE National Security Advisor and President's brother Sheikh Tahnoon bin Zayed Al Nahyan) acquired a 49% stake in WLFI.

The U.S. House of Representatives has launched an investigation into the cryptocurrency project World Liberty Financial related to Trump, focusing on whether it involves foreign sovereign capital and potential national security and policy compliance issues.The investigation stems from a report previously disclosed by The Wall Street Journal: an entity linked to Abu Dhabi had secretly agreed to acquire approximately 49% of World Liberty Financial for $500 million shortly before Trump's inauguration in early 2025. In response, U.S. Congressman Ro Khanna has sent a letter to the company requesting information on its equity structure, payment details, and internal communications, as well as verification of the relevant investment situation. The letter specifically asks World Liberty Financial to confirm whether $187 million has flowed into entities related to the Trump family and whether there are additional payments made to affiliates of the company's co-founder.

According to DL News, a proposal requiring the Optimism Foundation to use 50% of its Superchain network revenue each month to buy back OP governance tokens has opened for voting on Thursday. There are divisions within the DAO community regarding this. Opponents argue that using hard assets for buybacks is an inefficient use of capital, especially when the foundation still needs to net sell OP through grants and other means. Another major point of contention is that the buyback will be executed through over-the-counter transactions, which will not directly affect the public market price, and some representatives are concerned it may become a channel for insiders to unlock tokens.Supporters, on the other hand, believe that the buyback mechanism can clearly convey the value of network growth to the market and is the "right direction." As of now, the voting shows overwhelming support, with over 3.8 million votes in favor and about 19,000 votes against. Voting will end on January 28.

According to Jinshi Data, Republican members of the U.S. House of Representatives on Thursday voted down a resolution aimed at prohibiting President Trump from taking further military action against Venezuela without congressional authorization, with a tie vote of 215 to 215. A similar measure failed in the Senate a few days earlier.In the narrowly divided House, the voting results were largely along party lines. All Republicans, except for Don Bacon of Nebraska and Thomas Massie of Kentucky, voted against it. All Democrats voted in favor. This deadlocked vote reflects concerns in Congress (including among some Republicans) about Trump's foreign policy. An increasing number of people support the constitutional view that the power to send U.S. troops into combat should belong to Congress, not the President.

The Cardano Foundation announced on the X platform that it has completed the first milestone of its governance roadmap, delegating approximately 220 million ADA to 11 community representatives (DReps) (about 20 million each). This delegation focuses on two main areas: ecological adoption and operations, increasing the total amount currently delegated to community DReps to 360 million ADA.At the same time, the foundation will self-delegate the remaining approximately 171 million ADA to ensure that all assets participate in governance.

According to Jinshi reports, Japanese Prime Minister Sanae Takaichi announced that the House of Representatives will be dissolved on January 23 and an early election will be held.

According to The Block, U.S. Congress members Maxine Waters, Sean Casten, and Brad Sherman sent a letter on Thursday to Securities and Exchange Commission Chairman Paul Atkins, requesting an explanation for why the agency has paused multiple cryptocurrency enforcement cases, including the lawsuit against Tron founder Justin Sun.The lawmakers pointed out in the letter that since early 2025, the SEC has dismissed over a dozen crypto-related cases, including those against Binance, Coinbase, and Kraken, coinciding with a surge in political donations from the industry, raising concerns about a "pay-to-play" scheme. The letter mentioned that crypto companies donated at least $85 million to President Trump's re-election campaign, and the companies whose cases were dismissed had each contributed at least $1 million to Trump's inauguration.They specifically highlighted the Justin Sun case, noting that it has been on hold for 11 months, signaling that enforcement may be selective and that political influence could affect accountability. The legislators also issued a separate document preservation request, asking the SEC to provide all communications related to the decision to pause the Justin Sun case.

According to The Block, Congressman Max Miller (R-OH) and Steven Horsford (D-NV) are drafting a cryptocurrency tax bill called the Digital Asset PARITY Act.The bill will provide tax benefits for certain stablecoin transactions and delay taxation on rewards for validating blockchain transactions. The legislation will exempt capital gains tax on stablecoin transactions below $200. As a compromise between the IRS's current guidance and industry demands, taxpayers will have the option to defer taxes on staking and mining rewards for five years, after which they will be taxed as ordinary income at fair market value.The bill will extend wash sale rules (which prevent investors from selling at a loss and immediately repurchasing to claim tax credits) to digital assets and allow traders to use the mark-to-market method for accounting.

According to CoinDesk, the Polish Sejm has once again passed the "Cryptocurrency Market Bill," which was previously vetoed by President Karol Nawrocki, and sent it to the Senate for further review.The bill was approved on Thursday with 241 votes from lawmakers, and its content is identical to the version that was previously vetoed. The bill aims to align Polish law with the EU's "Regulation on Markets in Crypto-Assets" (MiCA), but critics argue that it exceeds EU standards and grants the Polish Financial Supervision Authority (KNF) overly broad enforcement powers, including website blocking and fines in the millions of zlotys.Nawrocki's reasons for vetoing the bill included vague legal provisions, excessive regulation, and high compliance costs, warning that the relevant clauses could harm small businesses and allow for "one-click" domain shutdowns. Despite facing opposition, Prime Minister Donald Tusk's government has made no modifications to resubmit the bill. After the Senate review, the bill may face another presidential veto.

According to Cointelegraph, the U.S. House of Representatives passed the National Defense Authorization Act (NDAA) on Wednesday with a vote of 312-112, but the bill did not include the previously promised ban on central bank digital currencies (CBDCs), leading to dissatisfaction among hardline Republicans.Republican Congressman Keith Self posted on the X platform, "Conservatives were explicitly promised that strong anti-CBDC language would be included in the NDAA, but that promise was broken." Self had submitted an amendment on Tuesday to include a CBDC ban, but the amendment did not advance and was not voted on in the House. In July, House Republican leadership had reached an agreement with hardliners in the party to include a CBDC ban in the defense spending bill in exchange for their support on three cryptocurrency bills. Congresswoman Marjorie Taylor Greene also criticized House Speaker Mike Johnson for not fulfilling the promise. The bill has now been sent to the Senate, aiming for passage by the end of the year. Self stated that he would continue to push for a CBDC ban in the next must-pass legislation.

On December 4, the Paraguayan Chamber of Deputies passed two resolutions requiring government departments to submit official information on domestic cryptocurrency mining activities to enhance regulation and transparency.The Ministry of Industry and Commerce is required to clarify the current number of individuals and businesses registered and authorized to engage in virtual asset mining and provide relevant information. The National Electricity Administration is also required to disclose the number of electricity connections specifically approved for cryptocurrency mining, as well as information on responsible parties and installation locations. Both agencies must respond within 15 days.

The U.S. House of Representatives has enough votes to pass the temporary funding bill, which will later be sent to Trump for signing into effect. (Jin Shi)

The U.S. House of Representatives has cleared a key procedural hurdle, paving the way for a full chamber vote on the spending bill that has already passed the Senate to end the government shutdown. As the government shutdown enters its 43rd day, House members pushed the bill to the next stage on Wednesday with a vote of 213 in favor and 209 against. The spending bill will now undergo one hour of debate before the final vote.Earlier, the White House stated that Trump hopes to sign the bill to end the government shutdown tonight (Thursday morning Beijing time). (Jin Ten)