ChainCatcher news, former FOX business reporter Eleanor Terrett posted on X: "Federal Reserve Governor Michelle Bowman expressed hope for an independent review of the bank failures in March 2023 (SVB, Silvergate, Signature), although she did not directly name these banks."

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 Uyeda stated that the statements would be reviewed to determine whether they need to be "modified or rescinded" to align with the SEC's current priorities.The specific statements under review include: the 2019 guidance on whether digital assets constitute securities,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.

ChainCatcher news, according to The Block, the Solana ecosystem's meme coin issuance platform Pump.fun announced on April 4 that it has reopened the live streaming feature to 5% of users and strengthened its content review policy. The platform now prohibits and will remove live streams that contain hate speech, violence, nudity, or other inappropriate content.Previously, Pump.fun suspended the live streaming feature in November 2024.

ChainCatcher news, according to Hong Kong media Sing Tao Daily, regarding the recent $500 million cryptocurrency trust fraud case, the chairman of the Hong Kong Legislative Council's Web3 and Virtual Assets Development Subcommittee, Wu Jietzhuang, stated, "Hong Kong is actively attracting foreign investment, including mainland funds, but in fact, many outsiders have a very superficial understanding of Hong Kong's system, and there are even many misunderstandings. I believe this is a problem that needs to be addressed. The FDT incident has international implications, and the authorities must quickly re-examine different regulatory systems to respond to society.Due to the lack of a custodial regulatory system, many times Web3 companies rely on trust companies to help third parties custody assets. If this is done properly, there is no problem, but those with ulterior motives may exploit this loophole to engage in illegal activities. I am concerned that external confidence in Hong Kong may weaken, and I suggest that the authorities should increase public education and examine whether there is room for optimization."Legislative Council financial sector member Chan Chan-ying pointed out that if assets are entrusted to a trust company in the form of a company, a regulatory vacuum may arise. He advised investors to carefully investigate the company's background and called for consideration of including "trusts" within the scope of legal regulation.

ChainCatcher news, according to the post-mortem report released by ACT officials, the ACT token experienced a significant drop in the past 24 hours, stemming from Binance's sudden adjustment of multi-currency leverage and margin rules, including ACT, between March 31 and April 1, which forced a large number of high-leverage positions to be liquidated, creating selling pressure.According to Binance's preliminary investigation, 4 users (including 3 VIPs) collectively sold over 1 million USD worth of ACT, triggering a chain liquidation. The team emphasized that there are no technical or internal control issues with the ACT project itself and will continue to focus on building AI and decentralized infrastructure, with progress to be announced at Token2049 at the end of the month.

ChainCatcher news, according to unchainedcrypto, during a hearing of the U.S. Senate Banking Committee, SEC chairman nominee Paul Atkins expressed concern about reports regarding the profits made by FTX founder Sam Bankman-Fried's (SBF) parents and Stanford University in the FTX fraud incident.Atkins committed to reviewing the SEC's investigation into the connections between SBF's parents and Stanford Law School.Additionally, Republican Senator John Kennedy criticized the SEC for its slow response to the incident, emphasizing that he would continue to question the accountability related to it. The hearing is the first step in the confirmation process for four financial officials nominated by Trump.

ChainCatcher news, according to a post by Lens Protocol founder Stani Kulechov on the X platform, Lens Chain is about to launch, with "Get ready chefs" hinting that developers and users should be prepared. Lens Chain is seen as a modular blockchain designed specifically for social scenarios.