ChainCatcher news, Trump publicly supports the Bitcoin reserve plan, pushing the U.S. government to accumulate Bitcoin as a strategic asset. The plan has received support from political figures including Porter and Lummis, and has sparked bipartisan interest. Trump's endorsement gives political momentum to this previously marginalized concept, marking a watershed moment in the cryptocurrency market.California Democratic Congressman and Wyoming Republican Senator propose to include Bitcoin in the U.S. reserve assets, partially relying on America's gold reserves. However, critics argue that this could reinforce the U.S. financial dominance and pose a challenge to the decentralized nature of Bitcoin. Nevertheless, supporters believe this initiative helps address the debt crisis and promotes global financial innovation.

ChainCatcher news, Democratic Congresswoman Waters (California) emphasized the higher risks consumers face in the DeFi space during a hearing on Capitol Hill, using the cryptocurrency lending platform World Liberty Financial, promoted by Trump and his sons, as an example.Last week, the Twitter accounts of Trump’s daughter Tiffany Trump and Republican National Committee Chairwoman Lara Trump (Trump's daughter-in-law) were hacked. Under the hackers' control, these accounts promoted fake tokens issued by World Liberty Financial, attempting to defraud potential buyers. Waters stated, "Due to the notoriety of the individuals behind the project, criminals took this opportunity to defraud potential users. Legislators have a responsibility to consider implementing strong protective measures to prevent such scams."According to Trump’s son Eric Trump, Twitter blocked the hacked social media accounts "within minutes." However, Waters pointed out that many people still suffered real harm, purchasing fake tokens worth approximately $1.8 million, which were actually unrelated to the project.

ChainCatcher news, Coinbase officially stated that the U.S. SEC has approved 11 Bitcoin spot ETFs, 8 of which are in partnership with Coinbase, marking a watershed moment for the expansion of the crypto economy. Various Bitcoin spot ETFs launched by the world's largest asset management companies will attract a diverse range of new investors, stimulating long-term growth and product innovation.Coinbase stated that cryptocurrencies will continue to exist, and Bitcoin spot ETFs will further expand the adoption of cryptocurrencies. Applications for Ethereum spot ETFs may soon be approved.In response, Coinbase's Chief Legal Officer Paul Grewal also stated: "We should all thank Grayscale for resisting the SEC's arbitrary and capricious actions, which cleared the way for the approval of Bitcoin spot ETFs."

ChainCatcher News: U.S. House Democratic Leader Maxine Waters expressed her "deep concerns" over PayPal's move to launch a stablecoin this week without a federal regulatory framework.Waters stated in a statement on Wednesday, "PayPal has 435 million customers worldwide, surpassing the total number of online accounts at all major banks. Given PayPal's size and reach, federal oversight and enforcement of its stablecoin operations are crucial to ensuring consumer protection and alleviating financial stability concerns."It is reported that Waters previously served as the chair of the House Financial Services Committee, which is currently led by North Carolina Republican Congressman Patrick T. McHenry. At the end of last month, the committee proposed a regulatory framework for payment stablecoins, called the "Payment Stablecoin Transparency Act." McHenry stated that the bill would protect consumers through federal safeguards while promoting innovation in the U.S.Waters noted that the House Financial Services Committee Democrats have been working on stablecoin regulation for the past 15 months to "create an environment that protects consumers and the economy in cases where companies like PayPal decide to launch their own stablecoins." However, she called the bill "problematic" and added that it would harm consumers.