ChainCatcher news, according to Jinshi reports, Minister of Commerce Wang Wentao sent a letter to the new U.S. Trade Representative Katherine Tai, expressing China's concerns regarding the U.S. tariffs on Chinese products exported to the U.S.Wang Wentao emphasized that recently, the U.S. imposed a 10% tariff on Chinese products under the pretext of issues such as fentanyl. China firmly opposes this and has taken corresponding countermeasures, which is a necessary step to protect China's legitimate rights and interests.Wang Wentao stated that China also noted that President Trump signed the "America First" trade policy memorandum on January 20, which includes several investigations targeting China. He hopes that the U.S. will conduct assessment investigations with an objective, rational, and professional attitude, and increase transparency. It is normal for there to be differences between China and the U.S. in the economic and trade fields, and these concerns should be resolved through equal dialogue and consultation.

ChainCatcher news, Binance founder Zhao Changpeng posted on X commenting on the incident of "Shang Mugen and Chen Shiling filing a defamation lawsuit against Bloomberg reporters": calling for more countries to hold journalists accountable for defamation through legal means. Supporting freedom of speech, but opposing deliberate defamation without data or supporting evidence.

ChainCatcher news, according to Ledgerinsights, Federal Reserve Chairman Powell discussed the topic of cryptocurrency during a press conference after announcing the decision to maintain interest rates. He stated that banks can provide cryptocurrency services to customers as long as it is done in a safe and sound manner. He added, "We do not oppose innovation, and we certainly do not want to take actions that lead banks to terminate fully legal customers due to excessive risk aversion brought about by regulation."According to a court order, the Federal Deposit Insurance Corporation (FDIC) recently issued several letters emphasizing the strict scrutiny banks face when providing cryptocurrency services to customers. In many cases, banks were told to suspend services and were never granted approval.

ChainCatcher news, a poll from Quinnipiac University shows that more than half of Americans oppose American entrepreneur Elon Musk playing a significant role in President Trump's administration.Previously, The Washington Post referred to Musk as America's "shadow president" because he actively intervened in the discussions surrounding federal funding bills, leading to threats of a government shutdown.The poll results indicate that 53% of surveyed Americans disapprove of Musk's significant role in the Trump administration. 39% of respondents expressed the opposite opinion. It is reported that 90% of American Democrats disapprove of Musk's prominent role under Trump, while 73% of Republicans approve of it.

ChainCatcher news, according to Crowdfund Insider, U.S. House Financial Services Committee Chairman French Hill and Digital Assets, Fintech, and Artificial Intelligence Subcommittee Chairman Bryan Steil issued a joint statement expressing support for President Trump's signing of an executive order related to digital assets. The two chairmen stated that the President's Digital Asset Market Working Group will strengthen the United States' leadership position on the international stage.It is noteworthy that they also emphasized their stance against the issuance of Central Bank Digital Currencies (CBDCs) in the U.S., believing that this aligns with the goal of protecting the financial privacy of Americans.

ChainCatcher message, Ethereum co-founder Vitalik Buterin stated on social media: "I personally oppose staking through service providers for the Ethereum Foundation; we should set an example in supporting independent staking. Staking pools are a good option for those who cannot stake on their own, but the Ethereum Foundation is not in that situation; we have far more than 32 ETH in assets and a large number of technically skilled node operators.Moreover, this is also more conducive to the idea of 'understanding the problems that need to be solved more directly through the actual use of technology.'"

ChainCatcher news, according to Bitcoin.com, old-school economists oppose allocating U.S. reserve funds to Bitcoin. Johns Hopkins University professor Steve Hanke stated that he believes transferring funds to Bitcoin could hinder economic growth and drag down the economy, as these savings are not invested in real capital assets.Steve Hanke emphasized the importance of increasing productivity for improving living standards and called the idea of Bitcoin reserves "the dumbest idea."

ChainCatcher news, according to Decrypt, based on the latest declassified documents obtained by Coinbase through the Freedom of Information Act (FOIA), the Federal Deposit Insurance Corporation (FDIC) had explicitly opposed its member banks using public blockchain networks to provide services.The documents reveal that the FDIC's New York office sent a letter to a member bank in March 2022, expressing concerns about the bank's plan to launch a "bank digital deposit" project on a public chain, and required a new detailed review before launching any public chain-based products. Additionally, the documents also show that the FDIC had requested member banks to suspend all services related to Bitcoin trading and cryptocurrency activities.Coinbase Chief Legal Officer Paul Grewal believes that these documents further confirm the existence of the Biden administration's "Operation Chokepoint 2.0," which aims to suppress the cryptocurrency industry through bank regulation.

ChainCatcher news, according to The Hill, U.S. House Speaker Johnson, a Republican, is considering a "Plan B" to fund the government before the Friday deadline for a government shutdown, as Republicans both inside and outside Congress, including those from Trump's team, are criticizing his spending plan.Trump earlier also expressed to a Fox News host that he is completely opposed to the continuing resolution spending bill. This aligns with Musk's view, who stated that any lawmaker supporting the bill should be ousted. Two insiders indicated that the alternative Johnson is considering is a "clean" continuing resolution bill. This would require abandoning the additional provisions included in the initial 1500-page spending package negotiated by congressional leaders, including disaster relief and economic aid for farmers.

ChainCatcher news, according to The Block, the nonprofit organization "Stand with Crypto" stated that approximately 107,000 emails from cryptocurrency supporters flooded the U.S. Senate in the past week, urging them to oppose the re-nomination vote of SEC Commissioner Caroline Crenshaw. Prior to this, the Senate Banking Committee's vote to re-nominate Caroline Crenshaw was canceled twice within a week.Stand With Crypto Executive Director Logan Dobson said, "Continuing this nomination is a great first step in reversing the SEC's hostile attitude towards cryptocurrency and ushering in a new era of growth and innovation for cryptocurrency in the United States."

ChainCatcher News, senior member of the U.S. Senate Banking Committee, Senator Tim Scott, issued a statement on the X platform opposing the upcoming Biden administration nominee review scheduled for December 11.He believes that the Democrats' last-minute push for President Biden's nominees, including the reappointment of SEC Commissioner Caroline Crenshaw, is an "obvious attempt to obstruct President Trump's agenda."Scott emphasized that the American people have expressed their stance on the economic agenda in the election on November 6, calling for a halt to related rule-making activities.

ChainCatcher message, Binance co-founder Zhao Changpeng posted on X: "I don't oppose memes, but meme coins have become 'a bit' strange now. Let's build real applications with blockchain."

ChainCatcher news, South Korean Democratic Party spokesperson Noh Jong-myun stated that the ruling party's plan to postpone the virtual asset taxation plan for two years is "unacceptable." (News1)According to previous reports, South Korean political parties recently reached an agreement to cancel the planned financial investment income tax, and the cryptocurrency capital gains tax originally scheduled for implementation in 2025 is now more likely to be postponed until 2027.In July, the South Korean government proposed a tax law amendment that includes the postponement of the cryptocurrency capital gains tax, but due to the Democratic Party's opposition to other tax reduction policies of the government, the passage of this amendment has remained uncertain.

ChainCatcher news, crypto lawyer John E Deaton announced a pledge to oppose federal CBDC in the U.S. Senate campaign, calling for clear regulation and government accountability.

ChainCatcher message, former NBA Dallas Mavericks owner, billionaire Mark Cuban stated on social media, "I spoke with the Harris team today, and they made it clear to me that they oppose regulation through litigation. Take care of yourself, Gary Gensler. Your departure has contributed one percentage point to the growth of the U.S. GDP."

According to ChainCatcher's message, the Snapshot governance page shows that Convex Finance has initiated a proposal to significantly reduce the PYUSD holdings.The proposal states that Frax holds a large amount of PYUSD in its assets, but the interest is very low. Frax should diversify away from low-yield assets, and therefore it is suggested to reduce the over two million dollars of PYUSD in the Curve FRAX/PYUSD to a maximum of 500,000 dollars.The current proposal has a 99.51% opposition rate and will end on September 20.