ChainCatcher news, U.S. Senator Cynthia Lummis announced on the X platform that she will serve as the chair of the Digital Assets Subcommittee of the U.S. Senate Banking Committee.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on the X platform that the U.S. Senate Banking Committee plans to vote at 10 AM Eastern Time to decide whether Cynthia Lummis will serve as the chair of the Digital Assets Subcommittee, and it is unclear whether any other announcements will be made.

ChainCatcher news, according to Forbes reporter Eleanor Terrett, the U.S. Senate Banking Committee will vote to approve the chairs and members of its various subcommittees (including the Digital Assets Subcommittee) on Thursday at 10 AM Eastern Time (January 23 at 11:00 PM Beijing Time).

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on X that U.S. House Financial Services Committee Chairman French Hill has appointed Tom Emmer as the vice chairman of the Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee. He also nominated other Republican members of the committee.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett's post on the X platform, the U.S. Senate Banking Committee, led by Senator Tim Scott, will establish its first subcommittee dedicated to cryptocurrency. This subcommittee will be modeled after the Republican Financial Services Subcommittee established by Patrick McHenry in 2023.Senate aides have confirmed that Senator Cynthia Lummis has been preliminarily selected as the chair of the subcommittee, pending a vote by the full committee. It is reported that the vote to approve Cynthia Lummis and the new Republican and Democratic members (still under consideration) may take place next Thursday, during which a nomination hearing for Trump-nominated Housing and Urban Development Secretary Scott Turner will also be held.

ChainCatcher news, Fox Business reporter Eleanor Terrett disclosed on social media that U.S. Congressman French Hill announced that the Financial Services Committee has identified several key positions, including:Vice Chair of the Committee: Bill Huizenga (MI-04)Chair of the Digital Assets, Financial Technology and Artificial Intelligence Subcommittee: Bryan Steil (WI-01)Chair of the National Security and Illicit Finance Subcommittee: Warren Davidson (OH-08)

ChainCatcher news, Forbes reporter Eleanor Terrett posted on the X platform that with French Hill becoming the chairman of the House Financial Services Committee, he will vacate the position of chairman of the Digital Assets, Fintech and Inclusion Subcommittee.Currently, potential candidates to succeed him include the current subcommittee vice chairman Warren Davidson, as well as Representatives Frank Lucas and Mike Flood.

ChainCatcher news, according to data from RootData, UBC has increased by 503.32% in the last 24 hours, currently priced at $0.0917.According to the Web3 asset data platform RootData, Universal Basic Compute is a self-sustaining AI infrastructure. UBC aims to guarantee a minimum level of computing resources for each autonomous AI entity, including CPU and GPU computing power, memory, storage capacity, and network bandwidth, adhering to principles of universality, basic assurance, computational fairness, sustainability, and flexibility.

ChainCatcher news, according to TheDataNerd monitoring, a trader invested 40 SOL (approximately $95,000) yesterday to buy about 14.29 million UBC.Just now, the value of their holdings has surpassed $1 million, with an unrealized profit of about $990,000 (a return on investment of 100 times), and the address has not sold any tokens yet.

ChainCatcher news, according to Lookonchain monitoring, sbfonchain.sol spent 176,000 USDC to buy 2.6 million UBC.

ChainCatcher news, according to CoinDesk, after a major group approved guidelines for the use of tokenized money market funds with the support of the U.S. Commodity Futures Trading Commission (CFTC), companies like BlackRock and Franklin Templeton may see their tokenized shares of money market funds used for trading.According to two informed sources, a subcommittee of the CFTC Global Markets Advisory Committee voted to submit these recommendations to the full committee, which is expected to vote on the proposals later this year. The report did not disclose specific recommendations, but the mere act of sending the proposals to the full committee can be seen as a next step.

ChainCatcher news, the Hong Kong Legislative Council's Web3 and Virtual Assets Development Subcommittee has announced the election results for its chairman and vice-chairman. According to Legislative Council document CB(1)769/2024, Legislative Council member Wu Jiezhuang has been successfully elected as the chairman of the subcommittee.The establishment of the Web3 and Virtual Assets Development Subcommittee primarily examines the application and development of Web3 and virtual asset technologies in Hong Kong, and makes recommendations on the implementation of relevant regulations and policies. The subcommittee's first meeting will be held on June 17, 2024 (Monday) from 4:30 PM to 5:00 PM in Conference Room 2A of the Legislative Council Complex.Wu Jiezhuang stated that in the coming year, he will actively work with the SAR government, industry, and society to transform the Hong Kong Special Administrative Region into an international Web3 center.

ChainCatcher news, according to DLNews, the U.S. Commodity Futures Trading Commission (CFTC) has appointed Mo Shaikh, co-founder and CEO of Aptos Labs, as a member of its Digital Asset Advisory Committee. The Digital Asset Advisory Committee consists of 34 members, including executives from BlackRock, Polygon Labs, Uniswap Labs, and BNY Mellon.The Digital Asset Advisory Committee is part of the Global Markets Advisory Committee (GMAC). GMAC was established in 1998 and is composed of prominent figures from the financial industry, including executives from Citadel, Goldman Sachs, and HSBC. The committee provides advice to the CFTC on regulation and rule-making.

ChainCatcher news, Fox reporter Eleanor Terrett posted on social media that the U.S. House Financial Services Subcommittee on Digital Assets will hold a hearing next Wednesday to discuss the topic of tokenizing real-world assets.

ChainCatcher news, according to Decenter, U.S. CFTC Commissioner Caroline Pham stated at the Korea Blockchain Week that the Digital Asset Subcommittee plans to establish regulatory standards for digital assets within the next two years and will release relevant recommendations on October 5.Pham mentioned that the goal of the subcommittee is to define digital assets, with a key focus on distinguishing whether digital assets are financial or non-financial assets. Pham pointed out the necessity of regulating DeFi, noting that for code-based DEX, regulatory issues can be discussed by focusing on algorithms.

ChainCatcher news reports that, according to a Crypto.com announcement, Crypto.com’s Global Head of Derivatives Legal, Steve Humenik, has been appointed as a member of the U.S. Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC) Digital Assets Market Subcommittee. Steve Humenik will focus on providing guidance and advice to GMAC on key issues affecting the integrity and competitiveness of U.S. markets and U.S. companies engaged in global business, such as regulatory challenges in global markets and the cross-border nature of businesses, including the derivatives market; assessing and reporting on international standards through engagement with international policymakers and authorities from other jurisdictions.Additionally, the subcommittee will explore identifying and assessing key issues and policy recommendations related to the digital assets market, including digital finance and asset tokenization, non-financial activities and Web3, as well as blockchain technology. (Source link)

ChainCatcher News, U.S. House Financial Services Committee Chairman Patrick McHenry announced that a hearing will be held on May 18 to assess how legislation can help stablecoins achieve "stability" in the context of digital assets, fintech, and inclusion. The hearing's topic is "Putting 'Stability' in 'Stablecoins': How Legislation Can Help Stablecoins Deliver on Their Promises." (Source link)