ChainCatcher news, according to Coindesk, based on Bernstein's research report, Robinhood is expected to be the biggest beneficiary of the potential relaxation of cryptocurrency regulations in the United States.With the possible pro-cryptocurrency policies from the U.S. Securities and Exchange Commission (SEC), Robinhood's market potential is expected to increase significantly. Bernstein raised the target stock price for this trading platform from $30 to $51 and maintained an outperform rating on its stock.In addition, Robinhood recently acquired the cryptocurrency exchange Bitstamp, which will enhance its ability to offer value-added crypto services.

ChainCatcher news, according to The Block, JPMorgan analysts outlined six key regulatory and market changes for the cryptocurrency industry under the Trump administration that could reshape the landscape of cryptocurrency in the U.S. under the leadership of Trump and the Republican-led Congress.JPMorgan analysts indicated that several stalled cryptocurrency bills may quickly gain approval. These bills include the "Financial Innovation and Technology for the 21st Century Act" (FIT21), which could provide much-needed regulatory clarity for the crypto industry by clearly defining the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).They also stated that as the regulatory framework becomes clearer, the SEC's strategy of increasing enforcement may evolve into a more collaborative approach. High-profile lawsuits against companies like Coinbase may be eased, settled, or even dismissed. Regulatory notices sent to companies like Robinhood and Uniswap could be reconsidered, thereby reducing the litigation risk for the broader crypto industry. The SEC's "Staff Accounting Bulletin No. 121" (SAB 121), which restricts banks from holding digital assets, may be repealed.Additionally, JPMorgan analysts noted that the SEC may seek to resolve lawsuits concerning unregistered securities and require the launch of futures-based ETFs for these assets before approving spot ETFs. These factors could delay the approval of new ETFs or require re-filing. Clearer regulations may increase venture capital, mergers and acquisitions, and initial public offerings in the cryptocurrency space. Although strategic Bitcoin reserves would significantly enhance Bitcoin's legitimacy and could potentially drive up its price, the likelihood of this passing is low.

ChainCatcher news, ARK Invest CEO Cathie Wood discussed the impact of political and technological changes with Research Director Sam Korus and Portfolio Manager Nick Grous in the latest episode of "The Brainstorm" podcast. Wood believes that a new government could drive significant reforms, particularly in the regulation of crypto assets.Key discussion points include Trump's reform experience, the future development of cryptocurrencies, the impact of tariffs on the dollar, and market expansion driven by innovation. Wood stated that technological advancements could lead to a decrease in inflation and interest rates.

ChainCatcher news, Sberbank CEO Herman Gref stated that the law currently prohibits the use of cryptocurrencies as a means of payment within the Russian Federation, and it is unlikely to be allowed in the near future.Gref clarified at a meeting in Moscow that while new legislation in Russia allows for the use of digital currencies and cryptocurrencies for international payments, their use domestically remains restricted. He also pointed out that if other countries are willing to accept it, the Central Bank Digital Currency (CBDC) of Russia—the digital ruble—can be used for global transactions.As the largest bank and state-owned financial institution in Russia, Sberbank is closely monitoring these developments, although Gref expressed uncertainty about the adoption of the digital ruble abroad.

ChainCatcher news, according to Bloomberg, the UK government will announce its plans to regulate the cryptocurrency industry this month, aiming to address the appeal of the cryptocurrency sector led by Donald Trump in the United States and to reassure businesses about their prospects in the UK.Insiders say that the UK Treasury plans to introduce two pieces of legislation regarding stablecoins, as well as exemption clauses for cryptocurrency providers requesting to exclude so-called staking services from current financial regulations.After Trump's election victory, the cryptocurrency industry celebrated this win, driving up asset prices including Bitcoin, while the UK decided to advance cryptocurrency regulation. The risk for the UK is that startups may choose other jurisdictions, such as the United States, where the rules are clearer or more favorable.

ChainCatcher live report, Orbiter Finance Chief Business Officer AVA, Risc Zero Global Market Director Tina Liu, Impossible Finance Core Developer Calvin Chu, Zypher Network Chief Operating Officer Maggie, and AlterVerse Chief Marketing Officer Andy jointly attended the DeInsight conference and engaged in an in-depth discussion on hot topics such as the dilemmas and breakthroughs of Web3 innovation in a roundtable titled "Insights from Innovators."The focus of the attendees was on industry changes such as meme coins, institutionalization, and AI empowerment. Institutionalization means that assets are gradually accepted as emerging assets, while meme coins are favored by users for their ability to easily generate huge profits, akin to the allure of a casino. The combination of AI and blockchain technology is gradually transcending company boundaries.Regarding regulation, the guests believed that crypto regulation would tighten our connection to the real world and help crypto technology have a positive impact in reality. Vitalik Buterin supports friendly regulatory policies, pointing out that excessive freedom could lead to potential risks. Therefore, the industry urgently needs to find a balance between regulation and privacy, such as taking measures to prevent theft and money laundering.Looking back at the development of the streaming industry in 2024, the guests unanimously agreed that AI will be a key focus, with the application of AI becoming increasingly important in every crypto project, and the technology becoming more accessible and advanced.Looking ahead, the attendees held an optimistic view of the market, expecting new investment opportunities to emerge in 2025, especially in the fields of the metaverse and modular infrastructure design. Overall, the industry is undergoing profound changes, providing ample development space for young entrepreneurs.Remote participation 👉Live video link: https://www.youtube.com/live/tTVcUPumPysImage live link: https://www.pailixiang.com/album_ia7637038926.html

ChainCatcher news, Ripple CEO Brad Garlinghouse posted on X congratulating Trump on winning the 2024 election and listed the priorities for the first 100 days of the Trump administration, calling for a reshaping of the U.S. SEC and clarifying cryptocurrency regulation, specifically including:Dismiss SEC Chairman Gary Gensler and appoint Giancarlo, Brooks, or Gallagher to replace him;Push the Senate to pass the Digital Asset Market Structure Act;Clarify whether ETH is a non-security like XRP and BTC.

ChainCatcher News, U.S. SEC Chairman Gary Gensler recently spoke at a fintech conference in Las Vegas, reiterating his commitment to continue working at the SEC during his tenure and defending its enforcement measures. With the November 5 elections approaching, he acknowledged the political pressure, particularly from the cryptocurrency industry, stating, "Democracy has consequences, but we will continue to do what we do best at the SEC until the referee blows the whistle."As the elections draw near, both the Republican and Democratic parties have expressed dissatisfaction with Gensler. Trump vowed to fire him on his first day in office, and some cryptocurrency industry figures supporting Vice President Harris have also indicated their support for his removal under a potential new administration.

ChainCatcher news, recently Tether issued a strong statement on its official website criticizing the irresponsible reporting of The Wall Street Journal: "The Wall Street Journal wrote an article with reckless accusations so definitively without any public confirmation from authorities or disclosing sources, which is extremely irresponsible; these stories are purely based on speculation. This report also carelessly obscured Tether's documented extensive cooperation with law enforcement to combat bad actors attempting to misuse Tether and other cryptocurrencies."Previously, The Wall Street Journal reported that Tether might face penalties for doing business with organizations on the U.S. sanctions list.

ChainCatcher news, according to Bitcoin.com, the Russian government released a document on Friday detailing a law signed by President Putin that expands the scope of digital currency regulation. This new law significantly increases government oversight of cryptocurrency mining activities and related infrastructure nationwide.The legislation will take effect on November 1, and includes several amendments aimed at strengthening oversight and imposing restrictions on crypto mining activities based on regional needs. The law enables the Russian government to implement mining restrictions based on location and defines specific procedures and circumstances under which mining operations are prohibited. A notable provision in the law grants the government the power to block digital currency mining pools from operating in certain areas. Additionally, the government now has the authority to regulate infrastructure providers that support mining operations.This legislation also authorizes multiple federal agencies, beyond the Federal Financial Monitoring Service (Rosfinmonitoring), to access digital currency identification addresses. This expansion includes federal administrative and law enforcement agencies, enhancing their ability to track transactions that may be related to money laundering or terrorist financing activities.Furthermore, the amendments transfer the responsibility for the national mining registry from the Ministry of Digital Development to the Federal Tax Service, which will now oversee the registration of mining businesses and remove companies that repeatedly violate regulations. While individual miners can continue to operate without registration if they comply with specific electricity consumption limits, companies and individual entrepreneurs must adhere to the new registration requirements.

ChainCatcher News, SEC Commissioner Mark T. Uyeda urged the United States to take a more proactive approach to cryptocurrency regulation, pointing out the leading position of Indo-Pacific countries such as Japan, Singapore, and Hong Kong in this field. He emphasized that these countries have established clear frameworks that support innovation while protecting investors, in contrast to the United States, where the lack of clear guidelines creates uncertainty for market participants.Mark T. Uyeda praised the regulatory progress in the Indo-Pacific region, stating, "I believe we can learn a lot from the practices of market regulators in the Indo-Pacific region, especially in how to advance these values and goals." He noted that Indo-Pacific countries have developed forward-looking regulations that balance the need for innovation with investor protection.It is reported that the Indo-Pacific region encompasses the Indo-Pacific waters, typically including countries and political entities near these waters, and is broader in scope than the Asia-Pacific region.

ChainCatcher news, the blockchain company Consensys has issued an open letter to future U.S. presidents, calling for clear and supportive regulations for cryptocurrencies and Web3. The letter, released on October 23, emphasizes that regulatory decisions need to be transparent to keep the U.S. competitive globally while addressing consumer protection and illegal activities.

ChainCatcher news, according to the Financial Times, highlights the conservative and distinctly different approach taken by Japanese regulators after the approval of spot cryptocurrency ETFs in the United States, Hong Kong, and other markets.Japan has always positioned itself as a digital asset-friendly country, as part of its broader goal to become a larger asset management hub. However, at the policy level, Japan remains hesitant to relax restrictions, lift tax and regulatory barriers, and promote the widespread adoption of cryptocurrencies. Although some Japanese companies are preparing to launch digital asset products, tax and regulatory restrictions continue to be major obstacles.In Japan, general cryptocurrency investment gains are considered miscellaneous income, with a maximum tax rate of 55%. However, when ETFs are traded on the securities market, they are treated as capital gains, resulting in a lower tax rate of about 20%, which provides investors with a more attractive option for diversifying their portfolios through digital assets.Spot cryptocurrency ETFs will also enjoy tax benefits such as loss carryforwards. However, according to Keisuke Kimura, Vice President of the Japan Crypto Asset Business Association and former financial advisor at SMBC Nikko Securities, a lot of changes are needed to prompt regulators to take action and introduce these potential tax benefits.

ChainCatcher news, to better protect cryptocurrency users, Argentina is innovating its cryptocurrency framework. The Argentine securities regulator (CNV) recently announced a public consultation on a draft to regulate the operations of virtual asset service providers (VASP) in the country, imposing new compliance requirements on these entities. If Resolution 1025 is approved, it will force cryptocurrency companies to disclose agreements with third parties and clients. Additionally, it aims to prevent money laundering and terrorist financing by establishing policies and cybersecurity standards. This framework is a follow-up to the VASP registration launched earlier this year. (Bitcoin.com)

ChainCatcher news, according to Cointelegraph, CFTC Chairman Rostin Behnam claimed that as U.S. cryptocurrency regulatory negotiations have stalled, the agency is facing "constraints."Rostin Behnam stated that efforts to regulate the digital asset industry through a legislative framework have "stalled so far." However, he still believes that the new Congress and president can make more progress.Rostin Behnam said, "I don't think anything is necessarily going to happen by the end of this year, but I do believe that this election has had a unique impact on digital assets and technology." He added that without any legislation, the agency is "really constrained" in "regulating" the cryptocurrency market, which would put investors "at risk."

ChainCatcher news, according to Finance Magnates, the UK's Financial Conduct Authority (FCA) defended its "overly strict" approach to the registration of cryptocurrency companies, stating that strong standards are crucial for establishing a sustainable and trustworthy digital asset industry.Val Smith, the FCA's Director of Payments and Digital Assets, responded today in a statement to criticisms that the regulator's stringent requirements could stifle innovation in the crypto industry and that the registration threshold is "too high." Smith warned, "Innovations built quickly on unsafe, unregulated, and untrustworthy foundations are like houses built on sand—likely to collapse. Instead, we want to work closely with the government, industry, and partners in other jurisdictions to develop a crypto industry built on reliable, solid foundations."The FCA has come under scrutiny for the relatively low number of cryptocurrency companies registered under the UK's Money Laundering Regulations (MLR). Some industry observers believe that the regulator's standards may be too high and could jeopardize the UK's position as a global financial leader. Smith countered these claims, emphasizing that the FCA never directly rejects applications and takes the risks of financial crime seriously. She mentioned concerns regarding terrorism, organized crime, sanctions evasion, and human trafficking.