ChainCatcher news, Tennessee Senator Bill Hagerty announced this week his support for presidential candidate Donald Trump, advocating for the U.S. to become a cryptocurrency hub. Hagerty compared cryptocurrency to the semiconductor industry, arguing that the latter's outflow undermines America's geopolitical standing, and accused the Biden administration of "doing everything possible to attack this industry" and failing to provide a regulatory framework for it. Trump and the Republican Party are actively courting cryptocurrency voters, accepting cryptocurrency donations, and repositioning themselves as cryptocurrency-friendly candidates.

ChainCatcher news, Binance's new CMO Rachel Conlan highly praised Istanbul's position in the global cryptocurrency ecosystem during an interview with CoinDesk Türkiye, calling it a crypto hub.Conlan mentioned that while the global penetration rate of digital currencies is only 5%, Turkey has reached 12%. She also emphasized Turkey's importance in the global ecosystem and expressed satisfaction with Binance's achievements in the Turkish market.Conlan also stressed the importance of regulatory compliance, stating that Binance holds 18 licenses globally and has invested over $80 million in user safety infrastructure. She anticipates that this number may double in pursuit of excellence, adding that "regulation will facilitate people's adaptation to this industry."

ChainCatcher news, according to Cointelegraph, payment giant PayPal updated its terms shortly after launching its dollar-backed stablecoin PayPal USD (PYUSD), introducing a "cryptocurrency hub," a feature that allows users to hold and interact with Bitcoin.The service will allow for the buying and selling of cryptocurrencies. Additionally, it will facilitate payments for goods purchased through PayPal by using funds stored after selling cryptocurrencies.However, not all PayPal users will be able to explore this new feature, as the company will determine access based on individual circumstances. First, users must "have a personal PayPal account and a balance account in good standing," and PayPal will also verify the necessary identification information provided by the user. When the feature is launched, the cryptocurrency hub will be directly linked to the user's PayPal account and can be accessed using existing credentials.