ChainCatcher news, according to Cointelegraph, Italian Central Bank Governor Fabio Panetta stated at the 31st Assiom Forex Conference that the Italian central bank is engaging in dialogue with the securities regulator Consob and cryptocurrency service providers to ensure they have adequate risk mitigation measures in place.Panetta pointed out that there are differences in cryptocurrency regulation between Europe and the United States. The European Union adopts the MiCA framework to protect investors, while the United States regulates on a case-by-case basis according to the nature of the assets. The Italian central bank will focus on managing strategic, operational, financial risks, and anti-money laundering, while also being vigilant about the potential impact of tech giants issuing digital tokens on the traditional banking system.

ChainCatcher news, according to Bloomberg, President Trump's inauguration committee received large donations from companies in the cryptocurrency industry, as disclosed in documents submitted to the Senate.According to the document, Coinbase, Crypto.com, Galaxy Digital, Paradigm Operations, and Payward, which operates the cryptocurrency exchange Kraken, each donated $1 million, while Robinhood Markets donated $2 million.The funds raised for Trump's inauguration are expected to exceed those of the 2017 ceremony. The inauguration committee is expected to submit a complete list of donors to the Federal Election Commission (FEC) on April 19.

ChainCatcher news, according to FinanceFeeds, the European Securities and Markets Authority (ESMA) has required cryptocurrency companies to comply with the EU's new stablecoin regulations by March 31.This regulation is part of the broader Markets in Crypto-Assets (MiCA) framework, which requires companies to limit or delist stablecoins that do not meet the standards.The stablecoin provisions of MiCA will take effect in mid-2024, but ESMA now wants businesses to complete the changes by the end of the first quarter. The regulator stated that before this deadline, companies can keep non-compliant stablecoins for sale, but cannot purchase them. It warned that delays could disrupt the market.

ChainCatcher news, QCP released a daily market observation stating that DeepSeek remains at the top of the App Store rankings. Its latest AI version caused a huge stir on Wall Street and in the risk asset market yesterday, with the Nasdaq index dropping by 3%, and NVIDIA plummeting by an astonishing 17%. The AI frenzy of 2024 has pushed the Nasdaq's valuation to unsustainable levels, with a price-to-earnings ratio close to 27 times during trading. However, 2025 faces a series of new challenges, including uncertainty in the Federal Reserve's interest rate path, the impact of Trump’s policies, and the upcoming earnings reports from tech companies this week, which may pose downside risks for risk assets.Crypto-related stocks were not spared, with Core Scientific's stock price plummeting by 29%, and mining companies like Hut 8, Riot Platforms, and Cipher Mining also experiencing declines. This drop reflects their increasing integration with AI, as many companies are transforming their mining facilities into high-performance computing data centers.This trend seems to be driven more by risk-averse sentiment rather than specific crypto factors. Bitcoin (BTC) has found support and stabilized above $102,000, with more call options than put options currently. This week may test whether the correlation between BTC and the stock market has weakened, especially if a favorable regulatory environment provides potential support.

ChainCatcher news, Animoca Brands Chairman Yat Siu commented on Trump's plan to exempt domestic cryptocurrencies from taxes in the United States. He pointed out several issues with the plan: first, most token foundations are registered in Switzerland, the Cayman Islands, or Singapore; second, the origin of Bitcoin is unknown and most mining occurs outside the United States; furthermore, decentralized blockchains inherently possess a borderless nature.Yat Siu emphasized that due to previous SEC regulations, American institutions have almost exclusively issued tokens abroad. He suggested attracting foreign crypto companies to invest and build in the U.S. through inclusive tax incentives to create job opportunities, rather than implementing differentiated tax policies solely based on the location of token issuance.

ChainCatcher news, according to Fox reporter Eleanor Terrett, the U.S. Senate Banking Committee will hold a hearing on February 5, focusing on the issue of "de-banking" of cryptocurrency companies by banks.Eleanor Terrett stated that this is the first-ever hearing on the topic of "de-banking" in U.S. history. Previously, the U.S. House Committee on Oversight and Government Reform sent letters to leaders of cryptocurrency companies, including Uniswap Labs CEO Hayden Adams, Coinbase CEO Brian Armstrong, and Kraken CEO David Ripley, requesting them to explain their experiences with "de-banking."

ChainCatcher news, according to Politico, since election day, cryptocurrency companies including Ripple, Coinbase, Kraken, Robinhood, and Circle have invested at least $10 million in Trump's inauguration fund. These donations will be used to finance the grand official events held during the inauguration, and executives are flocking to Washington to prepare for the new president's swearing-in on Monday.One target of interest for participants in the crypto space is the digital asset advisory committee that Trump has vowed to create, which will be led by incoming White House crypto and AI expert David Sacks and former North Carolina congressional candidate Bo Hines. A Washington cryptocurrency lobbyist, who wished to remain anonymous, stated that almost everyone in the crypto space is currently vying for a seat on the committee.

ChainCatcher news, according to The Block, former litigation advisor to the U.S. Securities and Exchange Commission and partner at BakerHostetler law firm, Teresa Goody Guillén, stated that the number of cases brought by the U.S. Securities and Exchange Commission against cryptocurrency companies is expected to decrease in the new year. In the future, the U.S. Securities and Exchange Commission will only be able to file lawsuits in cases involving securities.Therefore, if the lawsuits do not involve securities, the agency will refer these wrongdoers to the Department of Justice and other regulatory bodies, such as the U.S. Commodity Futures Trading Commission.

ChainCatcher news, according to Fox Business, several cryptocurrency companies have donated to the Trump-Vance inauguration committee.Among them, Ripple will donate $5 million in XRP, while Coinbase and Kraken will each donate $1 million. MoonPay has also confirmed its participation in the donations but has not disclosed the specific amount.The inauguration committee has currently raised $200 million, surpassing Trump's record of $107 million from his first inauguration in 2017, as well as Biden's $62 million in 2021. Sources indicate that the total fundraising amount is expected to reach $225 million by inauguration day.

ChainCatcher news, according to DL News, has reported that the phenomenon of cryptocurrency companies and their executives being shut out by banks has garnered significant attention from senior officials at the U.S. Securities and Exchange Commission (SEC). In comments made on Wednesday, SEC Commissioner Hester Peirce expressed skepticism about a nearly $400 million budget request for 2025 proposed by the Public Company Accounting Oversight Board (PCAOB). Peirce pointed out that the PCAOB has decided to focus on companies that hold large amounts of cryptocurrency or facilitate cryptocurrency trading. She stated, "In recent weeks, the efforts by regulators to prevent regulated entities from entering the cryptocurrency space have become public."In deciding not to approve PCAOB's budget request, Peirce further questioned how the board could choose its investigation targets while not discouraging auditors, issuers, and broker-dealers from engaging in the cryptocurrency space. However, Peirce's opinion was not adopted, as three other commissioners, including SEC Chairman Gary Gensler, voted against it.Previously, the cryptocurrency industry had accused that it is being collectively pushed out of the traditional banking system for several weeks. Against this backdrop, Peirce made the aforementioned comments. Cryptocurrency venture capitalist Nic Carter referred to this alleged exclusion as "Operation Choke Point 2.0."

ChainCatcher news, according to Cointelegraph, Indian Deputy Finance Minister Pankaj Chaudhary disclosed in a parliamentary inquiry response that the government has identified 17 cryptocurrency exchanges involved in goods and services tax (GST) evasion cases, totaling $970 million. Among them, Binance is being pursued for $850 million, WazirX for $4.8 million, CoinDCX for $1.9 million, and CoinSwitch Kuber for $1.7 million.As of now, WazirX has paid $5.8 million, which is 20% more than the original amount due, including penalties and interest. However, some exchanges, such as Binance and Hyperux Technologies, have yet to pay their taxes.In response, a Binance spokesperson stated that the company is actively cooperating with regulatory investigations and will properly address the related tax issues. WazirX claimed that the tax violations stemmed from the unclear GST regulations for cryptocurrencies in India during its early stages.

ChainCatcher news, according to Barron's, the Trump administration may open the IPO market to cryptocurrency companies.

ChainCatcher news, Norway's sovereign wealth fund's ethical oversight body will investigate companies in the fund's portfolio (including those in the cryptocurrency sector) next year to determine if there are any ethical violations. If issues are confirmed, the fund may choose to divest from these entities.The Government Pension Fund Global is the largest sovereign wealth fund in the world, managing assets worth $1.8 trillion. The fund was established to manage surplus revenues from the oil and gas industry, aiming to ensure financial stability for future generations through diversified global investments.The agency reviewed an ethical committee document sent to the Ministry of Finance on October 10. The document indicated that in 2025, the ethical committee will investigate companies involved in cryptocurrencies and gambling due to their high money laundering risks.It is reported that the fund has increased its cryptocurrency investments, purchasing a 0.83% stake in Coinbase, valued at $453 million. It has also acquired shares in Marathon Strategy, Block, and Marathon Digital.

ChainCatcher news, an analysis by Patrick Hansen, Senior Director of Strategy and Policy at Circle, shows that the EU's banking regulation provides a significant competitive advantage for crypto companies, while their American counterparts face regulatory uncertainty and restricted bank access.The report indicates that the EU has promoted innovation in the financial sector for non-bank payment service providers (PSPs) through legal frameworks such as the Electronic Money Directive (EMD) and the Payment Services Directive (PSD). Recent regulations like the Instant Payment Regulation (IPR) and Payment Services Directive 3 (PSD3) further expand non-bank PSPs' access to central bank payment systems.In contrast, the United States is hindered by a lack of a unified federal regulatory framework, leading to restricted bank access and stunted industry development. Data shows that Europe has 55 crypto-friendly banks, far surpassing North America's 23.Hansen points out that the EU's coordinated regulatory strategy provides important support for the crypto and fintech industries while reducing regulatory uncertainty.

ChainCatcher news, according to Bitcoin.com News, Andreessen Horowitz (a16z) co-founder Marc Andreessen stated that 30 tech founders had their bank accounts revoked solely due to their association with digital currencies. Several crypto company founders, including Gemini co-founder Tyler Winklevoss and LBRY founder Jeremy Kauffman, shared similar experiences.The Gemini founder stated: "Not only personal accounts but even company accounts have been closed due to cryptocurrency business, and several banks supporting crypto companies are facing pressure." Custodia Bank founder Caitlin Long revealed that her company is suing the Federal Reserve due to multiple instances of being de-banked, with a court hearing expected in January next year.

ChainCatcher news, according to Reuters, Trump has promised to establish a new committee as part of a crypto-friendly government. Insiders say his transition team is discussing how to build and staff the committee, as well as which companies should be included.According to several executives in the digital asset industry, numerous crypto companies, including Ripple, Kraken, and Circle, are vying for seats on the cryptocurrency advisory committee promised by President-elect Trump, seeking a voice in his planned U.S. policy reforms.Trump has garnered support and campaign donations from the industry by promising to become the "crypto president" and to end Biden's regulatory crackdown on crypto companies accused of violating securities and anti-money laundering laws. Trump is also pushing for the issuance of an executive order to ensure that crypto companies can access banking services, end enforcement actions against them, and implement other changes.