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 Bitcoin.com, the South African Financial Intelligence Centre has issued Directive No. 9, requiring digital asset platforms to collect and store identity information for cryptocurrency transactions.This directive will take effect on April 30, 2025, and aims to help South Africa be removed from the Financial Action Task Force (FATF) grey list. The grey list affects the country's reputation, increases the cost of financial transactions, and raises borrowing costs.According to the directive, the full names and wallet addresses of both parties in a transaction must be recorded, with stricter requirements when the transaction amount exceeds $277 (5,000 rand). Sean Sanders, CEO of Altify, expressed support for regulatory developments but questioned the $277 threshold, calling it the lowest globally.

ChainCatcher news, Russia has proposed a draft amendment through the Ministry of Finance, suggesting a 15% tax on cryptocurrency income. The proposed changes will reshape the tax framework for crypto miners, affecting income, expenses, and related infrastructure.A key part of the new legislation is the proposal to impose a 15% personal income tax on cryptocurrency income. The income from mining tokens will be taxed at market value upon receipt, and miners can deduct operating expenses to ensure a balanced tax calculation. Cryptocurrencies will be classified as property for tax purposes, eliminating the value-added tax (VAT) on crypto transactions.

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, 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 news, according to Ledger Insights, the Association for Financial Markets in Europe (AFME) outlined its vision and policy recommendations for DLT and tokenization in Europe. This is a response to the EU Capital Markets Council FISMA's call for feedback. The document presents several recommendations addressing key issues that hinder the development of tokenization in the EU.One key recommendation relates to CSDR, which is the regulation governing Central Securities Depositories (CSDs). Today, key functions performed by CSDs include issuing securities, acting as record keepers, and providing settlement infrastructure. DLT can provide record-keeping functions. Smart contracts can execute functions such as paying interest or dividends.Additionally, AFME believes that the requirement to register as a CSD is overly burdensome. Many banks are interested in providing DLT SS but do not want to become a CSD. The DLT pilot regime has a very low cap on activities, which is not attractive for large entities. Therefore, AFME recommends raising the cap and also hopes that securities issued under this regime will qualify as central bank collateral.

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, according to Cointelegraph, former Vice President of Global Marketing and Communications at Binance, Steve Milton, stated that Trump may reduce the U.S. government's regulation of the cryptocurrency industry. Trump has been outspoken about the need to reduce government intervention in people's lives and has consistently supported cryptocurrencies... Trump's victory, along with the Republican majority in the U.S. Senate, is a "historic achievement" for cryptocurrency regulation in the United States.

ChainCatcher News: Martin Gruenberg, chairman of the Federal Deposit Insurance Corporation (FDIC), resigned in May amid an investigation into the agency's toxic workplace culture. However, Gruenberg stated that he would remain in office until a successor is appointed and confirmed. The Trump administration is preparing to relax regulations on the FDIC to some extent, which has tightened scrutiny of banks following the regional banking crisis that erupted in 2023. For example, the agency has indicated it will take a more stringent approach to reviewing transactions involving banks of a certain size.A top priority for the Trump administration is to oust SEC Chairman Gary Gensler, who has stated he would fire him on his first day in office. One of the candidates being considered by Trump's allies to replace Gensler is Dan Gallagher, the Chief Legal Officer of Robinhood, who previously served as an SEC commissioner.Other candidates include Christopher Giancarlo, a senior advisor at Willkie Farr & Gallagher and former chairman of the Commodity Futures Trading Commission (CFTC), and Dalia Blass, a partner at Sullivan & Cromwell.

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, the Hong Kong government aims to submit a stablecoin issuer system to the Legislative Council for review by the end of the year, with interest expressed by international large stablecoin issuers. Jeremy Allaire, co-founder and CEO of Circle, the world's second-largest stablecoin issuer USDC, stated that Hong Kong is an important market for USDC and is looking to hire more employees and establish a business in Hong Kong, waiting for the new stablecoin regulations to be released before considering applying for a license.In addition, Chen Qinqi, Vice President of Circle Asia Pacific, stated that Hong Kong has significant advantages in developing stablecoins, including the ability to achieve same-day USD settlement, being the largest capital market in the Asia-Pacific region, and factors such as backing from the mainland market. He believes that Hong Kong has the opportunity to develop into an international stablecoin center and is confident that there will be considerable market demand for the Hong Kong version of stablecoins.

ChainCatcher news reports that Russia's comprehensive cryptocurrency mining regulations came into effect on November 1, imposing strict energy limits, mandatory registration, and rigorous oversight to reform the industry. The law officially defines mining as a legal activity in Russia, stipulating safety and operational requirements for miners and creating a framework for trading digital financial assets on specially approved platforms. This framework aims to provide clarity and oversight for Russia's growing cryptocurrency industry, in the face of increasing energy demands and concerns over illegal mining activities.Under the new regulations, only registered organizations and individual entrepreneurs can legally engage in cryptocurrency mining. However, individual Russian citizens who are not formally registered as entrepreneurs can also mine, but with a monthly electricity consumption limit of 6,000 kWh. If they exceed this limit, they will need to register as entrepreneurs to continue their mining activities. This approach ensures that smaller individual mining operations remain viable while imposing stricter requirements on larger, potentially commercial operations.The regulations also establish detailed reporting obligations for miners, requiring them to disclose the total amount of digital currency mined to the Federal Tax Service (FTS) and provide address identifiers for each transaction. This information will be accessible only to law enforcement agencies, ensuring a degree of privacy protection while enabling oversight. Additionally, miners must ensure that their operations meet standards of reliability, safety, and power stability to mitigate risks to the local power grid.

ChainCatcher news, Japan's largest cryptocurrency exchange and blockchain company alliance announced that it will begin "self-regulation" for stablecoins.The organization is called the Japan Virtual Currency Exchange Association (JVCEA). The association has already been regulating Japan's cryptocurrency exchange industry and is responsible for handling issues such as token listing agreements. The role of the association has been formally established by Japan's top financial regulator, the Financial Services Agency (FSA).

ChainCatcher news, according to Cointelegraph, the founder of the decentralized lending platform Curve Finance, Michael Egorov, believes that the potential risks of over-collateralized stablecoins are not necessarily the reserve-related risks commonly noted by investors, but rather the geopolitical risks brought about by government regulation.In an interview, Egorov stated that the underlying assets supporting collateralized stablecoins, including cash deposits from financial institutions and government securities such as U.S. Treasury bonds, are easily susceptible to asset freezes and seizures.