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.

ChainCatcher news, Cardano founder Charles Hoskinson publicly opposed the destruction of over 1.5 billion ADA tokens, valued at approximately $500 million, on the blockchain network. Hoskinson pointed out in a social media post last night that these assets are not pre-mined tokens, but rather generated through block production and transactions. He believes that destroying these assets amounts to stealing from stake pool operators (SPOs) and ADA holders.On September 1, Cardano completed the first phase of the Chang hard fork, with some community members supporting the destruction of tokens to boost the ADA price, while others warned of potential dangers.One of Cardano's decentralized representatives, Jaromír Tesař, believes that destroying assets would be a "terrible mistake," suggesting that these funds could be better used to support the development of Cardano.

ChainCatcher message, Elon Musk posted on X: "Just want to reiterate that this platform is indeed meant to support all viewpoints within the bounds of the law in each country, even those I strongly disagree with and personally dislike. If this is not happening on X, please shout at me (preferably on the X platform)."

ChainCatcher news, according to Cointelegraph, the U.S. Attorney's Office opposes a request made by former FTX Digital Markets co-CEO Ryan Salame to withdraw his guilty plea related to campaign finance violations. In documents submitted to the U.S. District Court for the Southern District of New York on August 26, prosecutors stated that they would oppose Salame's legal team's petition, which is to be filed in writing by September 4.The former FTX executive's attorney previously submitted a petition to correct errors, attempting to have the court overturn Salame's plea agreement, which resulted in Salame being sentenced to seven and a half years in prison. Salame claims that prosecutors implied during plea negotiations that they would not investigate his partner, Michelle Bond, but on August 22, authorities announced an indictment against Bond, accusing her of violating campaign finance laws while running for a U.S. House seat in 2022. The documents state: "Salame's petition is based on a (clearly erroneous) allegation. That is: he pleaded guilty because government representatives indicated that if he pleaded guilty, the government would cease its investigation into Bond's and Salame's alleged conspiracy to commit criminal campaign finance violations."

ChainCatcher news, according to The Block, a rule change proposed by the Commodity Futures Trading Commission (CFTC) may threaten the operation of rapidly growing political prediction markets like Polymarket in the United States, sparking strong opposition from cryptocurrency and fintech companies. The dissenting voices come from companies such as Gemini, Crypto.com, Robinhood, Coinbase, as well as individuals like well-known blogger Scott Alexander.Industry insiders believe that the CFTC's proposal exceeds its regulatory authority. Crypto.com Senior Vice President Steve Humenik stated that the CFTC "is neither a gambling regulator nor an election regulator, and is not qualified to oversee this market."Legal experts at Dragonfly Capital argue that the Supreme Court's overturning of the Chevron doctrine means that the CFTC must ensure it has the authority to regulate these contracts. Meanwhile, Cameron Winklevoss, one of the founders of Gemini, has called on the CFTC to "retract this proposal and work with industry stakeholders to redefine it." Cryptocurrency companies generally believe that the CFTC's move will severely undermine the rights of U.S. citizens to access these powerful markets and are urging the CFTC to reconsider its proposal.

ChainCatcher news, according to The Block, Coinbase criticized the Commodity Futures Trading Commission (CFTC) on Thursday evening for its proposed rulemaking that would ban certain prediction contracts.Coinbase's Chief Legal Officer Paul Grewal posted on the X platform: "The CFTC market is a promising area for our future economy, which is why we are responding today to the CFTC's proposed rulemaking notice. We fully support the CFTC's mission to maintain the integrity of the U.S. derivatives market and believe they can provide a strong regulatory framework for this emerging category of contracts. However, if this proposal is adopted, it would unjustifiably ban many prediction contracts." Grewal further pointed out that the proposal categorizes contracts as not in the public interest and exceeds the CFTC's statutory authority.In a more detailed letter to CFTC Secretary Christopher Kirkpatrick, Coinbase "strongly" urged the CFTC to withdraw the proposal and collaborate with academia, industry, and policy stakeholders to develop a "more balanced" approach to promote innovation while maintaining market integrity.

ChainCatcher news, Ethereum co-founder Vitalik Buterin posted against making political voting choices based on "support for cryptocurrency."He stated that over the past few years, cryptocurrency has become an increasingly important topic in political policy, with various jurisdictions considering legislation to regulate blockchain activity participants. The cryptocurrency space is becoming more politically active, and many people support parties and candidates almost entirely based on their willingness to be friendly towards cryptocurrency. He opposes this trend and believes that making decisions in this way carries significant risks and contradicts the values that initially drew people into the crypto space. He noted that in the crypto field, people often tend to overly focus on the centrality of money and the freedom to hold and spend money (which can also be tokens). Bitcoin is seen as an extension of the liberal spirit in the realm of internet payments.Vitalik believes that freedom is important, and decentralized networks excel at protecting freedom; money is an important area where such networks can be applied, but it is just one of several important areas. Moreover, being friendly towards cryptocurrency now does not mean that they will still be friendly towards it five years from now. Supporting a politician should be based on their entire platform and viewpoints, not just because they support cryptocurrency.

ChainCatcher news, according to CryptoSlate, currently only 41 U.S. politicians "strongly oppose" cryptocurrency, while 310 "strongly support" cryptocurrency. Theoretically, a 2/3 majority vote from Republicans in both the House and Senate is sufficient to pass any legislation supporting cryptocurrency.According to data provided by Stand With Crypto (SWC), here is a comprehensive overview of the current Congress's stance on cryptocurrency:Senate:-- Republicans: 37 senators strongly support cryptocurrency-- Democrats: 6 senators strongly support cryptocurrency-- Republicans: 2 senators strongly oppose cryptocurrency-- Democrats: 10 senators strongly oppose cryptocurrencyHouse of Representatives:-- Republicans: 201 representatives strongly support cryptocurrency-- Democrats: 62 representatives strongly support cryptocurrency-- Republicans: 3 representatives strongly oppose cryptocurrency-- Democrats: 26 representatives strongly oppose cryptocurrencyTotal:-- Republicans: 238 representatives strongly support cryptocurrency-- Democrats: 68 representatives strongly support cryptocurrency-- Republicans: 5 representatives strongly oppose cryptocurrency-- Democrats: 36 representatives strongly oppose cryptocurrency

ChainCatcher news, according to Cointelegraph, the blockchain advocacy organization Blockchain Association opposes the broker rules proposed by the IRS, stating that these regulations would impose an excessive burden on investors, cryptocurrency companies, and the IRS itself.The association cites the Paperwork Reduction Act, indicating that government regulatory agencies should not impose unnecessary paperwork requirements on individuals and entities in the financial system. The letter mentions that if these rules are passed, it would result in an additional 8 billion tax forms, wasting 4 billion hours of processing time, with annual compliance costs reaching $254 billion. In contrast, the IRS initially estimated the total compliance cost of the new regulations to be $136 million.Furthermore, the association believes that the annual compliance cost of $245 billion is unreasonable for a market that generates a tax gap of at most $10 billion. In 2023, the association submitted a 39-page letter detailing its comprehensive opposition to these regulations, arguing that compliance with these rules is extremely difficult for decentralized financial protocols and reflects the government's misunderstanding of blockchain and cryptocurrency.

ChainCatcher news, according to Cointelegraph, U.S. Department of Justice officials have drafted a motion opposing the sentence reduction request for Ethereum developer Virgil Griffith due to violations of sanctions against North Korea.U.S. Attorney Damian Williams stated in a document submitted to the Southern District of New York on June 17 that the judge should deny Virgil Griffith's motion to reduce his sentence to 51 months.It is reported that the judge previously sentenced the former Ethereum developer to 63 months in prison and a $100,000 fine in April 2022, and considering his time served before the sentencing hearing, his expected release date is January 2026.