ChainCatcher news, Cointelegraph reports that Summer Mersinger, a commissioner of the U.S. Commodity Futures Trading Commission (CFTC), spoke at the North American Blockchain Summit, calling for the establishment of standard policies for cryptocurrencies through formal notice and comment procedures. Mersinger stated that the current "enforcement-style regulation" strategy taken by regulators towards the cryptocurrency industry is problematic, specifically mentioning the case of Uniswap Labs. She emphasized that the CFTC is the "ideal regulatory body for the cryptocurrency spot market," as it can implement significant legislative changes quickly without disrupting the market.Mersinger pointed out that while cryptocurrency entities (including decentralized finance, DeFi) are often categorized under existing classifications and required to comply with the same laws, there is currently no formal registration pathway. She suggested that the cryptocurrency industry should begin outreach immediately after the new government leadership is determined to facilitate early dialogue. Notably, the relatively small settlement amount recently reached by the CFTC with Uniswap reflects a subtle shift in regulatory attitudes.

ChainCatcher news, Cardano founder Charles Hoskinson suggested Coinbase CEO Brian Armstrong as the best candidate for the proposed cryptocurrency policy position in Donald Trump's second administration. In a post on X on November 20, Hoskinson outlined the key qualifications for the "crypto czar," emphasizing neutrality, cross-protocol collaboration, and a solid grasp of the unique values of cryptocurrency. Hoskinson believes that Armstrong's leadership at Coinbase makes him an ideal choice. Under Armstrong's leadership, Coinbase has become the largest cryptocurrency exchange in the United States and one of the first publicly listed cryptocurrency companies:"Coinbase has grown to be one of the pillars of the cryptocurrency industry and has had to endure the unfair tactics of the government to impose regulation through enforcement. I know Armstrong can build a broad tent coalition to unite the entire industry and help us get the government to come together to take real action, including through new legislation."

ChainCatcher news, according to The Block, has reported that Vinay Gupta, a technical expert who helped coordinate the launch of Ethereum, is seeking to promote rational cryptocurrency policies to the transition team of elected President Donald Trump.Additionally, inspired in part by Trump's overwhelming victory on Election Day, Gupta is considering relocating himself and his team from the blockchain company Mattereum in the UK to the United States. He added, "We plan to move personnel (including myself) to Washington, D.C. soon to assist with the cryptocurrency transformation in America."Vinay Gupta stated that part of his plan includes replicating some of the policies he helped formulate in the UK, including a recently proposed parliamentary bill that attempts to formally define crypto assets as property, as well as successfully advocating for the country to recognize smart contracts as "actual contracts."

ChainCatcher news, according to a report by Cointelegraph, analysis by Galaxy Research indicates that U.S. presidential candidate Kamala Harris is more friendly towards cryptocurrency policy than current President Biden, but not as much as Trump. Harris has pledged to improve the regulatory environment for the U.S. crypto industry, but takes a more cautious stance on issues such as taxation, Bitcoin mining, and self-custody, while Trump supports Bitcoin mining and promises to protect self-custody rights. Nevertheless, Harris's policies may be more constructive than Biden's.

ChainCatcher news, U.S. Securities and Exchange Commission Commissioner Mark Uyeda stated that the commission's approach to regulating cryptocurrency is a "disaster," and that the agency has "not taken any steps" to clarify the rules.

ChainCatcher news, according to CoinDesk, two insiders revealed that India has not yet released a discussion paper outlining its cryptocurrency policy stance, as officials are focused on other priorities. The paper was initially expected to be published in September after consultations with stakeholders such as the central bank and market regulators. Insiders stated that the intention to publish still exists, but there is no timeline yet.India is the world's fifth-largest economy, but the country has not yet developed comprehensive cryptocurrency legislation, and this discussion paper is expected to take a step in that direction. The country claims that cryptocurrencies are unregulated, but it has imposed high taxes on the industry and requires cryptocurrency entities to register with the country's Financial Intelligence Unit (FIU-IND) to comply with anti-money laundering (AML) and counter-terrorism financing standards set by global organizations such as the Financial Action Task Force (FATF).

According to ChainCatcher, The Block reported that several leaders in the crypto industry have requested a meeting this month with U.S. Vice President Harris and her campaign partner Tim Walz's policy team to discuss proposals for promoting innovation and inclusivity.In a letter sent to the campaign policy team on Tuesday, Cleve Mesidor, founder of the Nat'l Policy Network WOC Blockchain, Olayinka Odeniran, founder of the Black Women Blockchain Council, and Tonya Evans, a professor at Penn State Dickinson Law, among others, called for the establishment of a regulatory framework for Web3 and DeFi to encourage innovation in the U.S. Over 20 people signed the letter.

ChainCatcher news, the 2024 Tsinghua Wudaokou Chief Economist Forum was held on September 28 in Beijing. Former Vice Minister of Finance Zhu Guangyao attended and gave a speech. Zhu Guangyao called for attention to the research on the development of cryptocurrencies, stating, "It indeed has negative impacts, and we must fully recognize its risks and harms to the capital market, but we must study the latest changes and policy adjustments internationally, as it is a crucial aspect of the development of the digital economy."Zhu Guangyao reviewed the development of cryptocurrencies, noting that for more than a decade, the United States has believed that cryptocurrencies have a huge destructive power against international anti-money laundering and international counter-terrorism financing. In addition, the drastic fluctuations in the value of cryptocurrencies have a significant impact on international financial markets, but this year, there has been a major evolution in U.S. policy.Zhu Guangyao introduced that the Trump campaign platform explicitly included cryptocurrencies, and he also stated publicly, "We must embrace cryptocurrencies, or China will replace us." The U.S. Securities and Exchange Commission has also approved the listing of 11 Bitcoin ETFs on the stock and futures markets. Meanwhile, in emerging market countries and BRICS nations, Russia, South Africa, Brazil, and India have also taken actions.

ChainCatcher news, citing sources from CoinDesk, reports that U.S. Vice President Kamala Harris's presidential campaign team may not elaborate on its cryptocurrency policy stance before the 2024 election.Several insiders have indicated that senior officials from Harris's campaign have been meeting with a small group of insiders from the crypto industry to discuss policy issues, but those involved in the discussions do not expect any significant breakthroughs before the voting. Harris expressed caution when mentioning cryptocurrency for the first time over the weekend, stating that her presidential term would encourage innovative technologies such as AI and digital assets while protecting consumers and investors. Insiders noted that this statement was intentionally kept broad.

ChainCatcher news, according to The Block, Bernstein analysis points out that despite U.S. Vice President Kamala Harris recently expressing support for the crypto industry at a fundraising event, the market remains confused about the uncertainty of her policies. In contrast, the sentiment in the crypto market may be stronger if Trump wins, as he has explicitly promised to make the U.S. a "crypto capital" and supports DeFi, asset tokenization, and Bitcoin mining. However, regardless of the election outcome, the current inflow of funds into Bitcoin and Ethereum ETFs and the Federal Reserve's loose monetary policy are expected to continue driving the market upward.

ChainCatcher news, Coinbase's U.S. policy director Kara Calvert stated in an interview: "Both Republicans and Democrats believe that we need cryptocurrency policy to remain competitive in the global economy, and perhaps the worst current initiative is to push cryptocurrency offshore without regulation."She added that it is important to involve everyone in the crypto industry. (Bloomberg)

ChainCatcher news, according to Cointelegraph, the European Parliament will elect a new European Commission this fall, which could have significant implications for cryptocurrency policy. Although the new commission will not take office until November at the earliest, several trends that may influence future regulation can already be identified.First, the political center in Europe is shifting to the right, which will affect various businesses.Second, policymakers are vying for influence over innovation policy, and future crypto policies may be more influenced by individuals rather than political parties.Third, innovation is becoming a pillar of policy in the coming years, with digital privacy and artificial intelligence identified as key focuses of EU policy.Experts suggest that before formulating new policies, the EU should ensure that existing rules are properly implemented. European leaders are seeking to enhance competitiveness, and supporting an innovation-friendly digital asset framework could help attract jobs and promote economic growth. Participants in the cryptocurrency industry should closely monitor these policy trends and prepare for potential regulatory changes.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on the X platform that she discussed "Harris team's repair of relationships with the cryptocurrency industry" with Democrats in the government and the cryptocurrency sector. Harris's campaign team has done a lot of preparation for the repair meeting, but since no one really understands Harris's views on cryptocurrency policy, what the team members can say and do is limited. In previous meetings, the Harris team's performance was "willing to listen but not making commitments."Eleanor added that Democrats within the industry are mobilizing support for Harris, but for voters, this mobilization would be more effective if they could better understand her views on digital asset policy. It would be a significant advancement to see and hear the Vice President speak at tomorrow's Crypto4Harris meeting.

ChainCatcher news, India's Economic Affairs Secretary Ajay Seth stated that India plans to release a discussion paper on cryptocurrency policy before September. A cross-departmental group, including the Reserve Bank of India and the Securities and Exchange Board of India, is studying relevant policies.Seth emphasized that the document aims to solicit stakeholder opinions rather than commit to comprehensive legislation. Currently, India has not implemented comprehensive cryptocurrency regulations, but it has imposed high taxes on the industry and requires cryptocurrency entities to register with the financial intelligence department to comply with global anti-money laundering and counter-terrorism financing standards.

ChainCatcher news, according to Decrypt, Mark Cuban stated that Vice President Kamala Harris's team has consulted him on several questions regarding cryptocurrency policy. Harris began considering how to handle cryptocurrency issues less than two days after launching her presidential campaign. This move by Harris's team indicates that she may be more supportive of emerging technologies and the cryptocurrency industry than her predecessor. The cryptocurrency industry holds a cautiously optimistic view of the support she may offer.