ChainCatcher news, the Blockchain Association stated in a statement: "According to self-reported data collected, anonymized, and aggregated by HarrisX, the U.S. digital asset industry has spent over $400 million to fight against the SEC led by Chairman Gensler, resulting in countless job, innovation, and investment losses in the U.S."The organization noted that the $400 million figure is just "a small part of the industry," as it comes from a sample survey of Blockchain Association members.It is reported that the organization's members include Ripple, Coinbase, Crypto.com, Grayscale, and Kraken, among others.

ChainCatcher news, according to FoxBusiness, Congressman Ro Khanna has been reaching out to top figures in the digital asset industry, Democratic lawmakers, and White House officials, inviting them to an exclusive roundtable meeting next week in the U.S. capital.The meeting is scheduled for Wednesday and is expected to have more than twenty attendees, including at least one White House representative as well as billionaire entrepreneur, cryptocurrency investor, and advocate Mark Cuban.

ChainCatcher news, according to Coindesk, a spokesperson for the Political Action Committee (PAC) confirmed that Jump Crypto has invested an additional $10 million into the committee, which is seeking to bring as many pro-cryptocurrency members into Congress as possible to achieve the legislation pursued by the industry.It is reported that the digital asset industry's Fairshake PAC is a heavyweight organization in Congress. As of Wednesday, Fairshake and its affiliated PAC have raised nearly $169 million to date, making this emerging industry one of the most powerful campaign financing entities for the 2024 elections.

ChainCatcher news, Australian Member of Parliament Andrew Charlton stated at the 2024 Australian Blockchain Week held in Sydney that the country's productivity growth rate has reached a "fairly healthy" 2.1% in the 21st century, but it is now simply insufficient to sustain the basic growth of living standards. He supports increasing the adoption of blockchain in Australia, believing it can reverse the slow productivity growth seen over the past thirty years.Charlton said, "In the right environment and with the right regulations, the digital asset industry could bring up to $60 billion in revenue to the Australian economy each year." However, he expressed dissatisfaction with the Australian government's slow progress in formulating regulations for digital assets.

ChainCatcher news, the Global Blockchain Business Council (GBBC) Digital Finance (GDF) has joined the International Organization of Securities Commissions (IOSCO) as an affiliate member. GDF stated that it will collaborate with IOSCO to engage its members in 2023, providing assistance for IOSCO's two working groups on the crypto asset roadmap: Crypto and Digital Assets (CDA) and Decentralized Finance (DeFi).It is reported that the International Organization of Securities Commissions (IOSCO) is an organization composed of securities and futures regulatory agencies from various countries and regions, and is one of the main international standard-setting bodies for financial regulation. (source link)

ChainCatcher news, Binance and the National Bank of Kazakhstan submitted a bilateral report today on the state of the Central Asian digital asset industry and DeFi, which was presented at the "Digital Almaty 2023" forum. This joint report analyzes the adoption of cryptocurrencies, general DeFi trends, and the local digital asset industry, as well as the regulatory environment in the CIS countries and key trends that require close monitoring.Key to this is the investment in skills and technology to understand the challenges/opportunities brought by DeFi, including the data sources used by oracles to support smart contracts and users' irrational behaviors. The joint report emphasizes the importance of financial and digital literacy in reducing risks, as well as the need to enhance the expertise of regulatory and enforcement agencies to establish relevant capabilities for regulatory design and further oversight. (Source link)

ChainCatcher news, FTX CEO Sam Bankman-Fried (SBF) has proposed a draft of the "Feasible Digital Asset Industry Standards," aimed at enhancing clarity in the crypto space and protecting user assets.It is reported that the draft supports the use of blacklists for regulation and suggests that OFAC create a dedicated address to facilitate victims of dust attacks in sending illegal funds to this address, thereby lifting their blacklist status. Previously, SBF discussed the black and white list mechanism in crypto regulation on Twitter. He believes that in crypto regulation, blacklists are more important than whitelists. (source link)