ChainCatcher news, according to statistics, as of now, the U.S. Securities and Exchange Commission (SEC) has rejected or suspended lawsuits and investigations against 11 crypto companies/individuals, including: Binance (February 10), Coinbase (February 21), OpenSea (February 21), Robinhood (February 24), Uniswap (February 25), Justin Sun (February 26), Consensys (February 27), Kraken (March 3), Yuga Labs (March 4), DRW (March 4). (Cointelegraph)

According to ChainCatcher news, as reported by FOX Business journalist Eleanor Terrett, it has been confirmed that cryptocurrency-supporting House Republican Tom Emmer, Majority Whip and Chair of the Financial Services Committee's Digital Assets Subcommittee Bryan Steil will attend the roundtable meeting held today at the White House.

ChainCatcher news, according to market news, the CANARY SUI ETF is registered in Delaware.

ChainCatcher news, according to Jinshi Data, U.S. President Trump stated on March 6 local time that if a deal is not reached by April 5, he "very likely" will extend the deadline for the sale of the social video app TikTok.Trump said, "There are many people interested in TikTok," "Now we have at least another month, so we don't need an extension." At the same time, Trump indicated that he is willing to extend the deadline if necessary.In January of this year, after being elected President of the United States, Trump signed an executive order requiring the short video social media platform TikTok to be "banned if not sold," which will not be enforced for the next 75 days. This also means that the enforcement deadline for the TikTok "banned if not sold" law has been postponed to April 5.

ChainCatcher news, according to Fortune, Hester Peirce, a Republican commissioner of the U.S. Securities and Exchange Commission (SEC) known as the "crypto mom," defended the SEC's recent decision to drop lawsuits against several cryptocurrency companies in an interview. She stated, "Our laws should not be a game of hide and seek. Let's take a step back, re-examine these issues, and listen to people's opinions. Now people know they can come and talk to us."In the first month of the Trump administration, the SEC has suspended or withdrawn key lawsuits and investigations against leading crypto companies such as Coinbase, Binance, Kraken, and Yuga Labs. Peirce is leading a special task force aimed at establishing clearer rules for the blockchain industry. This task force has held a series of meetings with key figures in the crypto space, including Michael Saylor of MicroStrategy, Fidelity, and Robinhood.Peirce believes it is unreasonable to involve multiple courts in these cases before the SEC has clarified the relevant issues internally. Unlike former chairman Gary Gensler, who prioritized consumer protection, Peirce opposes the so-called "nanny state" approach to protecting investors from making poor choices. She stated, "People lose money on many different things. If the SEC's jurisdiction standard becomes whether you might lose money when buying something, then our jurisdiction would be enormous. But that is not the jurisdiction Congress has given us."

ChainCatcher news, according to The Block, Bitwise Chief Investment Officer Matt Hougan stated that the market's reaction to Trump's cryptocurrency reserve plan is "overinterpreted." Despite the flaws in the plan, it is still overall positive news. After Trump announced on Sunday the directive for a task force to advance the U.S. cryptocurrency strategic reserve plan, which includes BTC, ETH, XRP, SOL, and ADA, these assets rose by 10%, 15%, 25%, 30%, and 70% respectively from last week's lows, but subsequently, Bitcoin fell over 10%, and Ethereum plummeted over 15%.In a report sent to clients on Tuesday, Hougan pointed out that the market's cautious stance on the plan is mainly due to the inclusion of cryptocurrencies other than Bitcoin in the reserves, "especially the inclusion of speculative assets like Cardano, which feels more like a political consideration rather than a strategic choice." He emphasized that the market is overlooking three key factors: first, Trump's negotiation style means that the initial proposal will not be the final version; second, this move by the U.S. could trigger a global Bitcoin accumulation race; and finally, once acquired, these cryptocurrencies are likely to be held long-term without being sold.Bitwise CEO Hunter Horsley, Coinbase CEO Brian Armstrong, and Gemini founders the Winklevoss twins share the same view, believing that a pure Bitcoin reserve is the best option. Hougan expects that the Trump administration will ultimately push for some form of reserve plan, "The U.S. government's announcement that cryptocurrencies have 'strategic' significance is positive in itself, and I believe the market will eventually realize this."

ChainCatcher news, according to Jinshi reports, court documents show: The U.S. court dismissed the preliminary injunction requested by Musk in the lawsuit against OpenAI.

ChainCatcher news, the cryptocurrency trading firm Cumberland DRW announced on platform X that it has signed a joint application with the U.S. Securities and Exchange Commission (SEC) to seek the dismissal of the lawsuit filed against it by the SEC. The agreement was reached in principle by both parties on February 20 and is currently awaiting approval from the SEC commission.The SEC sued Cumberland DRW last October, accusing it of operating as an unregistered securities dealer and selling over $2 billion in unregistered securities.

ChainCatcher news, according to official news, cryptocurrency exchange Kraken stated that the U.S. SEC has agreed to withdraw its lawsuit against it. Currently, SEC staff have in principle agreed to dismiss the lawsuit against Kraken, not admitting any wrongdoing, not paying fines, and not changing its business.

ChainCatcher news, according to Bloomberg, a federal judge in Brooklyn, New York, has dismissed the lawsuit filed by the U.S. SEC against cryptocurrency founder Richard Heart. The founder was accused of illegally using millions of dollars of investor funds to purchase a 555-carat black diamond. The SEC alleged that Heart raised over $1 billion through the sale of unregistered securities, including Hex tokens and other digital assets related to his PulseChain blockchain network and PulseX decentralized finance platform. In the initial lawsuit, the agency stated that Heart and PulseChain used at least $12.1 million of investor funds for personal luxury purchases, including diamonds, expensive watches, and high-end cars. Judge Carol Amon found that the SEC failed to provide sufficient facts to prove that these actions occurred in the United States, allowing the SEC to amend its complaint to "correct the identified deficiencies."

ChainCatcher news, trademark attorney Josh Gerben stated on social media that the Trump Organization has applied for the trademark "TRUMP" to launch a metaverse and NFT trading platform.

ChainCatcher News, SEC Commissioner Hester M. Peirce issued a statement saying that the SEC has officially withdrawn its civil enforcement action against Coinbase and will not take further action in this case. Peirce made it clear that she has never supported the case and criticized the SEC's previous reliance on enforcement actions to regulate the cryptocurrency industry, arguing that it harms the public interest in the United States, hinders industry development, and obstructs the normal functions of the SEC's professional policy team.Peirce pointed out that the SEC's broad application of the Howey test has led to regulatory ambiguity, making it difficult for compliant businesses to operate, while wrongdoers exploit regulatory gray areas to evade legal responsibilities. Furthermore, due to the lack of a clear regulatory framework, many cryptocurrency companies are forced to spend significant resources on legal defenses rather than on product innovation. She believes that the SEC's previous approach of making policy through enforcement not only misleads the industry but also prevents the policy team from effectively participating in the formulation of industry rules.She emphasized that the current SEC has established a "Crypto Task Force," empowering the policy team to take the lead in collaborating with the public to develop a regulatory framework applicable to the cryptocurrency industry. This withdrawal of the lawsuit does not mean that the SEC is abandoning enforcement; rather, it indicates that future regulation will focus on policy-making rather than solely relying on enforcement actions.

ChainCatcher news, according to Bloomberg, DraftKings Inc. has agreed to pay $10 million to settle a lawsuit that accused the sports entertainment company of violating state and federal securities laws in the sale of NFTs.According to the brief, the proposed settlement funds will be distributed to users who purchased, held, or sold DraftKings NFTs from August 11, 2021, until the judgment takes effect.

ChainCatcher news, according to market news, the BITWISE APTOS ETF has been registered in the state of Delaware, USA.

ChainCatcher news, U.S. court documents show that the SEC, along with Justin Sun, the Tron Foundation, the BitTorrent Foundation, and Rainberry, has jointly filed a motion in the Southern District of New York Federal Court to suspend the SEC's fraud lawsuit against Sun and Tron to consider "potential resolutions."The documents indicate that suspending the lawsuit is in the interest of all parties, will not harm any party or the public, and can avoid a court ruling on Tron’s motion to dismiss the lawsuit, thereby saving judicial resources. If the judge approves, the case will be suspended for 60 days, during which both parties must submit a joint status report.The SEC sued Sun and his affiliated companies in 2023, accusing them of market manipulation, fraud, and issuing unregistered securities. This application is similar to the SEC's handling of the Coinbase and Binance cases, which may indicate that both parties are approaching a settlement.

According to ChainCatcher news reported by Decrypt, U.S. Senator Dick Durbin from Illinois has proposed the "Cryptocurrency ATM Anti-Fraud Act," aimed at curbing the growing problem of cryptocurrency ATM scams. The bill proposes to set a daily transaction limit of $2,000 and a $10,000 limit within 14 days for new users, and requires operators to directly contact and verify users when transactions exceed $500 to prevent fraud. Additionally, the bill stipulates that operators must provide full refunds to victims of fraud reported within 30 days.Durbin emphasized that the bill is a "common-sense safeguard" to prevent scams and protect the financial security of the elderly. According to data from the Federal Trade Commission (FTC), losses from scams involving cryptocurrency ATMs have exceeded $110 million in 2023, nearly a tenfold increase compared to 2020.

ChainCatcher news, following Coinbase and Robinhood, exchanges like Binance and Kraken may see a turnaround. The lawsuits against these platforms are based on the same regulatory logic as the Coinbase case, and the SEC's abandonment of the lawsuit will create a demonstration effect. Regulatory expert Amy Lynch stated that the enforcement of securities laws by the U.S. Securities and Exchange Commission may also be "severely limited," partly due to the influence of the Department of Government Efficiency (DOGE), as DOGE may scrutinize the SEC's internal operations more closely and attempt to streamline the agency.