ChainCatcher news, during the AMA event "Let's BUILD, Link the Future, Co-create Hong Kong's Web3 New Ecosystem" held by OSL, Hong Kong Legislative Council member Wu Jiezhuang revealed that the Hong Kong fiat-backed stablecoin bill is currently under review by the Legislative Council. The Hong Kong Monetary Authority (HKMA) will soon follow up with the licensing application process to provide a clearer and more robust compliance pathway for the market. Additionally, Hong Kong will initiate a public consultation on OTC and custody licenses and plans to start legislation by the end of the year to ensure that both online and offline OTC trading platforms are under effective regulation, creating a safer and more transparent market environment.Wu Jiezhuang further stated that the Hong Kong Securities and Futures Commission announced 20 new regulatory measures during Consensus this February, including inviting top global exchanges to apply for licenses in Hong Kong, simplifying the compliance process for exchanges to list tokens, and opening up staking/contract and other derivative businesses, all of which are long-term potential benefits.

ChainCatcher news, FOX Business reporter Eleanor Terrett posted on social media that the U.S. Senate Banking Committee is set to hold its first review of the stablecoin regulatory framework bill submitted by Republican Senator Bill Hagerty.

ChainCatcher News, U.S. Senate Banking Committee Digital Assets Subcommittee Chair, U.S. Senator Cynthia Lummis stated that the Senate Banking Committee will conduct a final review (markup) today on the GENIUS Act proposed by Senator Hagerty. The main contents of the bill include: clearly defining payment stablecoins, establishing clear procedures for institutions seeking to issue stablecoins, and promoting responsible innovation while protecting consumer rights.

ChainCatcher news, according to the official announcement, Binance Alpha has launched a new review mechanism for regular assessments of featured tokens. Given the inherent instability and rapid development of the cryptocurrency industry, our review process is designed to be dynamically adjusted to ensure that all projects on Binance Alpha continuously meet market-driven evaluation standards. All tokens displayed in the Binance Alpha section will be evaluated within this framework:Quantitative indicators: trading volume stability, liquidity depth, on-chain transaction frequency, token holder distribution, and other relevant metrics.Qualitative criteria: project team credibility, regulatory compliance, ecosystem synergy, community recognition, and other relevant factors.Tokens that do not meet these standards will be removed from Binance Alpha.According to the latest detailed investigation, the following tokens do not meet Binance wallet standards and will be removed from Binance Alpha: FAI, METAV, MLG, MONKY, PSTAKE, WHALES, GEL, VISTA, EVAN, MIRA, COCO, TAOCAT, FLOCK, OPUS, FREYA, AIXCB, VERTAI, STRDY, SEKOIA, VADER, ELIZA.

ChainCatcher news, the Japanese Cabinet has approved a proposal to reform laws related to cryptocurrency brokerage and stablecoins. According to the announcement from the Financial Services Agency (FSA) of Japan, the government has approved a Cabinet resolution to amend the Payment Services Act.The bill will allow cryptocurrency companies to operate as "intermediary businesses." This means that brokers will no longer need to apply for the same type of licenses as cryptocurrency trading platforms and cryptocurrency wallet operators. The bill also provides more flexibility for stablecoin issuers regarding the types of assets that back their tokens.In the history of the Japanese Diet, no changes to cryptocurrency-related laws have ever been rejected after receiving Cabinet approval. Similarly, the Cabinet has never rejected any legal change proposals put forward by the FSA concerning Japan's cryptocurrency regulatory matters. The FSA has a certain degree of "full authority" in Japan's cryptocurrency regulatory affairs.Previous news, the Japanese Cabinet approved a new proposal to allow VC companies to directly invest in cryptocurrency and Web3 companies.

ChainCatcher news, according to Protos, the resolution of the court case involving Terraform Labs founder Do Kwon has been delayed by a month due to the U.S. government's claim that Kwon's defense team needs more time to review an additional 4TB of evidence. The status conference originally scheduled for March 10, where both parties' lawyers would discuss the current progress of the case and possible resolutions, has been postponed. Following a written request submitted by the U.S. government, the New York District Court has rescheduled the conference to April 10. The court agreed to the U.S. request and stated that the meeting would be postponed to allow the defense to review the substantial evidence.The U.S. government claims it submitted 600GB of evidence to the defense on February 27, including Do Kwon's phone data, emails, and cryptocurrency transaction records. Additionally, the government indicated that it expects to provide an additional 4TB of evidence to the defense by the end of next week. The court order delaying the conference noted that the final trial is still set to take place on January 26, 2026.