ChainCatcher message, Coinbase founder stated, "Thank you to the Trump administration for winning the election and for the departure of the SEC's aggressive chairman Gary Gensler, who, along with Elizabeth Warren and some followers in Congress, orchestrated this illegal act.I believe we will win this case in court regardless, as our facts are so strong, but it undoubtedly accelerated this process and pushed for accountability. I pointed out the SEC's suspicious behavior as early as 2021, and I believe this comment has proven to be prescient. I want to give special recognition to all the other crypto companies fighting the SEC through litigation (we are clearly not the only ones). I want to especially honor those crypto startups that went bankrupt due to the inability to afford legal fees; although your companies may be dead, the crypto industry still exists.Do not stop building. I want to give special recognition to all the Democratic and Republican lawmakers working hard to ensure that the U.S. remains a leader in the crypto space. I know that Gary Gensler and Elizabeth Warren do not represent the entire Democratic Party. Finally, I want to give special recognition to all American crypto holders who support pro-crypto candidates; you have ensured that your rights are protected. It turns out that crypto voters are real, and they show up in the millions.I expect we will continue to maintain a positive collaboration with the SEC in various matters in the future, just as we do with other agencies in every country and region where we operate globally. I look forward to reforms at the SEC under the leadership of Paul Atkins, Mark Uyeda, Hester Peirce, and DOGE, welcoming more rational leaders.I also commend the new leadership for working to correct this mistake—this is a great step in the right direction and requires courage. Now, let’s push for the U.S. to enact crypto legislation, clarify the rules, and truly kickstart the next phase of building."

ChainCatcher news, according to Jinshi reports, economists at Piper Jaffray believe that large-scale layoffs in U.S. federal agencies may not have a significant impact on the overall labor market.They reviewed the precedent from 2011 to 2014, when budget sequestration led to a reduction of 146,000 federal employees. During this period, the private sector added 7 million jobs as it recovered from the Great Recession, easily absorbing the decline in federal employment.Overall, the reduction in the federal workforce from 2011 to 2014 was not a major issue.According to the agency's statistics, the Trump administration may have laid off about 26,000 people so far, with up to 75,000 more accepting the Department of Government Efficiency (DOGE) severance compensation plan.

ChainCatcher news, the Trump administration recently proposed the establishment of a U.S. Sovereign Wealth Fund (SWF) before 2026, and hinted that TikTok could be a potential investment target for the fund. This proposal has attracted widespread attention against the backdrop of challenges facing the U.S. economy and a high fiscal deficit. Although this idea seems appealing, analysts warn that without clear planning and governance mechanisms, the fund could do more harm than good to the market and the economy.

ChainCatcher news, according to Unchained, the Trump administration may not launch the previously promised official "Cryptocurrency Committee," but instead plans to hold a series of industry summits focused on specific cryptocurrency policy issues.According to three informed sources, these summits will invite different leaders from the cryptocurrency industry to participate in rotation. The initial meetings are expected to focus on topics such as banking, payments, data centers, and Bitcoin mining. Several industry associations are currently providing recommendations on related proposals.Informed sources indicate that the decision to hold summits instead is seen as a measure to avoid conflicts between different factions within the cryptocurrency industry. These divisions mainly exist between centralized and decentralized crypto projects, Bitcoin maximalists and altcoin supporters, as well as groups that support and oppose the integration of traditional finance.

ChainCatcher news, according to The Wall Street Journal, Trump administration officials are discussing plans to consolidate banking regulatory agencies, potentially attempting to merge the Federal Deposit Insurance Corporation (FDIC) into the Treasury Department without congressional approval, and combine its regulatory functions with the Office of the Comptroller of the Currency (OCC).The plan aims to reduce the power of banking regulatory agencies and increase the government's direct control over the financial industry. Previously, the Trump administration had taken action against the Consumer Financial Protection Bureau (CFPB) in an attempt to limit its influence.

ChainCatcher news, according to Time magazine, Elon Musk is on the cover of the latest issue, with the caption "Elon Musk's War on Washington." In the cover photo, Musk is seated behind a luxurious wooden desk that symbolizes power, with the American flag and the presidential flag in the background, suggesting his deep connection to American political power.According to reports, the "Department of Government Efficiency" (DOGE) team led by Musk, despite lacking formal bylaws and legal authorization, has gained significant powers due to Musk's influence. Its tasks include budget cuts, reforming the civil service system, and limiting the ability of independent agencies to obstruct the president's policy goals. As a key ally of the Trump administration, Musk plays a crucial role in federal government reform.

ChainCatcher news, according to the New York Post, the potential candidates for the Trump administration's digital asset market working group have been revealed. These industry executives include former Kraken General Counsel Marco Santori, Ripple co-founder Brad Garlinghouse, podcast host Frank Chaparro, Circle CEO Jeremy Allaire, Coinbase CEO Brian Armstrong, and Crypto.com CEO Kris Marszalek.This list does not include all individuals; the potential candidates for the advisory committee are selected based on industry experience.

ChainCatcher News, the U.S. Department of Justice prosecutors have agreed to temporarily restrict access to information in the Treasury Department's payment systems for staff of the "Department of Government Efficiency" (DOGE) led by Musk.Previously, a group of union members and retirees sued the Treasury Department, alleging that providing DOGE access to the federal government's vast payment system and the personal data stored within it violated federal privacy laws.The Trump administration submitted a motion on Wednesday night seeking to sign a proposed order detailing the agreed-upon terms. The proposed order states that "the defendants will not provide any access to payment records or payment systems maintained by the U.S. Treasury Department or its internal services." The order allows for exceptions, permitting two special government employees within the Treasury (Tom Klaus and Marco Elez) to access these records "as needed" while performing their duties, but this access is limited to "read-only."

ChainCatcher news, according to Jinshi reports, Goldman Sachs strategists indicate that due to the latest round of tariffs from the Trump administration affecting profit forecasts, the U.S. stock market could potentially decline by 5% in the coming months.Goldman Sachs strategist David Kostin wrote in a report: "These statements have shocked many investors, who expected tariffs to be imposed only in the event of a failure in trade negotiations. Our economists believe the outlook is uncertain, but they think the tariffs on Canada and Mexico are likely to be temporary."Kostin stated that if the latest tariffs persist, he would lower his profit forecasts for S&P 500 constituent companies by about 2% to 3%, not accounting for the impact of further tightening financial conditions or changes in consumer and business behavior. He also warned that due to the dual impact on profits and stock valuations, the fair value of the S&P 500 index could decline by about 5% in the short term.

ChainCatcher news, a poll from Quinnipiac University shows that more than half of Americans oppose American entrepreneur Elon Musk playing a significant role in President Trump's administration.Previously, The Washington Post referred to Musk as America's "shadow president" because he actively intervened in the discussions surrounding federal funding bills, leading to threats of a government shutdown.The poll results indicate that 53% of surveyed Americans disapprove of Musk's significant role in the Trump administration. 39% of respondents expressed the opposite opinion. It is reported that 90% of American Democrats disapprove of Musk's prominent role under Trump, while 73% of Republicans approve of it.

ChainCatcher news, according to Coindesk, Polymarket bettors are skeptical about the possibility of the U.S. creating a strategic Bitcoin (BTC) reserve within the first 100 days of the Trump administration, estimating the likelihood at only 16%.Although crypto czar David Sacks stated that discussions are ongoing, the related bill submitted by Wyoming Republican Senator Cynthia Lummis is unrelated to White House actions. Additionally, Texas is also advancing its own strategic BTC reserve plan, with bettors estimating a 53% chance that the state will pass the relevant legislation by 2025.

ChainCatcher news, according to The Block, Robinhood CEO Vlad Tenev published an opinion piece in The Washington Post on Tuesday, calling for the U.S. to update investment regulations to allow startups to tokenize their equity. He pointed out that the current "accredited investor" rules in the U.S. are too strict, limiting opportunities for ordinary investors to participate in private markets.Tenev suggested that the SEC take the following measures:Change the "accredited investor" criteria from a wealth threshold to a "self-certification" mechanismEstablish a registration system for security tokensDevelop clear token listing guidelines for U.S. brokers and exchangesIt is noteworthy that the article was published at a time when the Trump administration has formed a cryptocurrency working group led by acting SEC Chairman Mark Uyeda, aimed at designing a new regulatory framework. This stands in stark contrast to the strict regulatory stance during the Biden administration under Gary Gensler. "The world is moving towards tokenization, and the U.S. cannot fall behind," Tenev stated, while noting that the EU, Hong Kong, Singapore, and Abu Dhabi have all taken the lead in establishing comprehensive cryptocurrency regulations ahead of the U.S.

ChainCatcher news, according to Jinshi reports, Allianz CEO stated that we expect the "extortion" of regulatory fines to significantly decrease under the Trump administration, and compared to the Biden administration, Trump will have a positive impact on the financial services industry.

ChainCatcher message, Andrew Kang posted on X platform stating: "The RWA space has always been constrained by strict securities law restrictions. Under the Trump administration, I hope we can truly tokenize everything and make trading securities on-chain as simple as native crypto assets." He also expressed optimism about Plume and RWAfi.

ChainCatcher news, according to CoinDesk, Binance executive Tigran Gambaryan, who was kidnapped and illegally detained for eight months in Nigeria, has been recommended for multiple positions in the Trump administration, such as the SEC's crypto assets chief or a leadership role in the FBI's cyber division. Sources revealed that the recommendations made to Trump's transition team came from individuals associated with Trump's participation in the Bitcoin 2024 Nashville conference, including the event's organizer David Bailey and Kraken's head of strategic planning Tracy Hoyos-López.Tigran Gambaryan stated that it would be an honor to serve his country again under the leadership of the new Trump administration in the fight against crypto crime. Gambaryan has served as Binance's head of financial crime compliance for the past two years, is a former federal agent, and was part of the federal government's early elite group of crypto trackers.

ChainCatcher news, CCTV reporters learned that the U.S. Senate confirmed Marco Rubio as Secretary of State with a vote of 99 in favor and 0 against. This is the first senior cabinet official of the Trump administration to be confirmed by the Senate. Rubio has served as a Republican senator from Florida since 2011, and his nomination received support not only from Republicans but also from several Democratic senators.