ChainCatcher news, according to Fox Business reporter Eleanor Terrett, Binance and the U.S. Securities and Exchange Commission (SEC) have jointly filed a motion with the court to request a 60-day pause in the lawsuit. This is the first cryptocurrency-related lawsuit pause request since Mark Uyeda took over as acting chair.Both parties stated that the SEC's newly formed cryptocurrency working group may have an impact on the case and facilitate a resolution. After the 60-day period, both parties will submit a joint status report to assess whether a further pause is necessary. Terrett expects that other non-fraud cases such as Ripple, Coinbase, and Kraken may take similar actions.

ChainCatcher news, according to the New York Post, the potential candidates for the Trump administration's digital asset market working group have been revealed. These industry executives include former Kraken General Counsel Marco Santori, Ripple co-founder Brad Garlinghouse, podcast host Frank Chaparro, Circle CEO Jeremy Allaire, Coinbase CEO Brian Armstrong, and Crypto.com CEO Kris Marszalek.This list does not include all individuals; the potential candidates for the advisory committee are selected based on industry experience.

ChainCatcher News, SEC Commissioner Hester Peirce introduced the tasks and goals of the newly established crypto working group, stating that the current 10 tasks of the working group include:Examining the status of different types of crypto assets under securities law,Helping to identify areas that fall outside the commission's jurisdiction,Considering recommending the commission take action to provide temporary forward-looking and retroactive relief for tokens or token offerings that provide certain specific information for issuing entities or other willing responsible entities,Suggesting the commission amend existing registration pathways,Exploring potential updates to no-action letters for special purpose broker-dealers,Collaborating with investment advisors to provide an appropriate regulatory framework,Clarifying whether securities law covers crypto lending and staking programs,Providing clear statements on the methods for approving or disapproving crypto ETFs,Planning to work at the intersection of cryptocurrency and clearinghouse and transfer agent rules,Promoting methods for cross-border sandboxes for crypto projects.

ChainCatcher news, according to Cointelegraph, Landon Zinda has resigned from his position as Policy Director at the cryptocurrency advocacy organization Coin Center to join the U.S. Securities and Exchange Commission (SEC) cryptocurrency working group. In an announcement on February 4, SEC Acting Chair Mark Uyeda stated that Zinda has joined the commission as a senior advisor to the cryptocurrency working group. The former Coin Center director will work alongside Chief of Staff Richard Gabbert and Chief Policy Advisor Taylor Asher in the group led by Commissioner Hester Peirce.Coin Center's Communications Director Neeraj Agrawal confirmed that Zinda "is no longer an employee of the organization." As of February 4, his name still appeared on Coin Center's website, and his LinkedIn profile indicated that he had been working at the advocacy organization since March 2023.The cryptocurrency working group was announced on January 21, with the aim of "helping the commission delineate clear regulatory boundaries, providing practical registration pathways, developing reasonable disclosure frameworks, and prudently deploying enforcement resources." The SEC stated that the group would coordinate with other federal agencies, including the Commodity Futures Trading Commission.

ChainCatcher News, the U.S. SEC has launched a new cryptocurrency working group website. According to the webpage, the cryptocurrency working group aims to clarify the application of federal securities laws in the cryptocurrency market and propose practical policy measures designed to promote innovation and protect investors. The working group collaborates with committee staff and the public to help develop new approaches to the regulation of cryptocurrency assets.The cryptocurrency working group will undertake a series of priority tasks, led by Republican Commissioner Hester Peirce, and will focus on distinguishing which "cryptocurrency assets" are considered securities, potentially changing the way companies register, and providing clear statements when approving or disapproving exchange-traded products.The working group will help delineate clear regulatory boundaries, appropriately distinguish between securities and non-securities, develop a tailored disclosure framework, provide practical registration pathways for cryptocurrency assets and market intermediaries, ensure that investors have the information needed to make investment decisions, and ensure that enforcement resources are deployed wisely.

ChainCatcher news, according to Cointelegraph, the executive order on digital assets signed by Trump excludes the Federal Reserve (FED) and the Federal Deposit Insurance Corporation (FDIC) from the cryptocurrency working group.Trump's new executive order may mean that the upcoming U.S. stablecoin legislation will not fall under the jurisdiction of the central bank.

ChainCatcher news, according to The Block, investment bank TD Cowen released a research report indicating that Hester Peirce, the new head of the SEC's cryptocurrency working group, will complete her term in June 2025, which may affect the continuity of the working group. SEC acting chairman Mark Uyeda announced the establishment of the working group the day after Trump's inauguration, aiming to develop a comprehensive regulatory framework for the cryptocurrency industry.Jaret Seiberg, head of TD Cowen's Washington research group, stated that according to SEC regulations, the chairman and commissioners can be extended for up to 18 months after their term ends. Known as the "crypto mom," Peirce has long supported cryptocurrency innovation, and this working group has received support from Uyeda and Atkins.

ChainCatcher news, Trump has signed an executive order to establish a Presidential Digital Asset Market Working Group. The task of the working group is to develop a federal regulatory framework for managing digital assets (including stablecoins) and to assess the creation of a strategic national digital asset reserve. The working group will be chaired by the White House's "AI and Cryptocurrency Czar" David Sacks, with members including the Secretary of the Treasury, the SEC Chair, and heads of other relevant departments and agencies. The executive order directs departments to propose recommendations to the working group regarding any regulations and other agency actions that should be rescinded or modified that impact the digital asset sector.Additionally, the executive order prohibits agencies from taking any action to establish, issue, or promote central bank digital currencies (CBDCs). The order also rescinds the previous administration's "Digital Asset Executive Order" and the Treasury's "Framework for International Engagement on Digital Assets," stating that these two executive orders stifled innovation and harmed America's economic freedom and global leadership in the digital finance space.Previously, news reported that U.S. President Trump stated he was signing executive orders related to AI and cryptocurrency.

ChainCatcher news, the U.S. Securities and Exchange Commission has announced the establishment of a new cryptocurrency working group, which insiders see as a gateway to updated regulations and more cryptocurrency fund approvals.21Shares cryptocurrency research strategist Matt Mena stated, "The newly established SEC cryptocurrency working group led by Commissioner Hester Peirce may accelerate the approval of a broader range of cryptocurrency ETFs, including SOL, XRP, LTC, DOT, and DOGE."

ChainCatcher news, QCP released its daily market observation stating that the new leadership of the SEC has established a dedicated task force aimed at developing a regulatory framework for crypto assets. Led by "Crypto Mom" Hester Peirce, this is expected to be a turning point in the digital asset space.After the initial disappointment following Trump's inauguration gradually faded, Bitcoin has rebounded by 3.8%, stabilizing in the range of approximately $105,000. However, due to cautious market sentiment, concerns remain that Trump tends to overcommit and underdeliver on any crypto-related executive orders, limiting its upside potential. Meanwhile, Bitcoin futures continue to rise, with the current bullish bets being about 20 times the bearish ones.MicroStrategy shareholders have approved a significant increase in the authorized number of Class A common stock and preferred stock, raising the total authorized shares from 330 million to an astonishing 10.3 billion shares. This expansion greatly enhances the company's equity base, allowing MicroStrategy to surpass nearly all leading companies in the Nasdaq 100 index, excluding Nvidia, Apple, Alphabet, and Amazon.Planning to raise $42 billion through stock and convertible bond issuances by 2027, MicroStrategy still has $5.42 billion in equity issuance capacity, further increasing its investment in Bitcoin.

ChainCatcher news, according to official news, the Acting Chair of the U.S. Securities and Exchange Commission (SEC), Mark Uyeda, has established a special task force for cryptocurrency, "dedicated to developing a comprehensive and clear regulatory framework for cryptocurrency assets."Commissioner Hester Peirce will lead the task force. The focus of the task force will be to help the Commission delineate clear regulatory boundaries, provide practical registration pathways, establish reasonable disclosure frameworks, and wisely deploy enforcement resources. Senior advisors Richard Gabbert and Taylor Asher will serve as the chief of staff and chief policy advisor for the task force, respectively.

ChainCatcher News, the Web3 Working Group of the Liberal Democratic Party of Japan's Digital Society Promotion Headquarters held its second study session, focusing on the review of regulations related to crypto assets (virtual currencies).The meeting discussed the different regulatory approaches to crypto assets compared to traditional securities and explored the direction for future regulatory revisions. Participants believed that, in addition to investor protection, it is necessary to consider the coordination with overseas regulations and the smoothness of transactions, suggesting further improvements to disclosure regulations, market access, and conduct standards.In addition, some experts pointed out that the existing regulatory framework should be abandoned, and more detailed regulatory discussions should be conducted based on the characteristics of crypto assets.

According to ChainCatcher news, CESS participated in the Healthcare & Life Sciences working group meeting organized by the Government Blockchain Association (GBA). As a cutting-edge decentralized data infrastructure, CESS is empowering key industries such as healthcare and smart cities through technological innovation.During this meeting, CESS showcased how its decentralized data solutions optimize data management and research collaboration in the healthcare industry, including protecting patient privacy, supporting global data compliance, and enhancing the openness and efficiency of medical research. At the same time, CESS shared its applications in the smart city sector, supporting real-time updates and analysis of high-frequency dynamic data, promoting intelligent urban management, and aiding in traffic optimization, energy management, and public safety.As a member of GBA, CESS will continue to work with industry partners to explore the wide application of decentralized technology in healthcare and smart cities, injecting new momentum into industry innovation and social development.

ChainCatcher news, according to the Hong Kong Monetary Authority, JPMorgan, R3, and WeBank will join the Ensemble project architecture working group as new members. Previously, the working group members included the Monetary Authority, the Securities and Futures Commission, the Hong Kong Centre under the Bank for International Settlements Innovation Hub, the CBDC Expert Group, and seven private institutions.In addition, China Construction Bank (Asia) Corporation Limited, Fubon Bank (Hong Kong) Limited, Yintong, and OSL Digital Securities Limited will become new participants in the Ensemble project and will conduct testing on fixed income and investment fund use cases in the Ensemble sandbox.

ChainCatcher news, the Snapshot page shows that the ApeCoin DAO passed the proposal to "dissolve four non-essential working groups" with a support rate of 98.02%. The working groups proposed for dissolution include the Governance Working Group, the Marketing and Communications Working Group, the Metaverse Working Group, and the Web3 Development Working Group. The proposal points out that these working groups incur nearly $3 million in costs to the DAO each year, while their task execution efficiency is low.In addition, the proposal states that the funds of the ApeCoin Foundation are rapidly decreasing. To reduce financial pressure, the proposal suggests outsourcing the relevant functions to third-party teams and recruiting teams that meet transparency and accountability standards through a Request for Proposal (RFP) process, thereby optimizing the operational efficiency of the DAO.

According to ChainCatcher news, information from the Snapshot governance page shows that the ApeCoin DAO has initiated proposal AIP-466, which aims to close unnecessary working groups. According to the proposal, it is expected that four working groups will be closed (with an annual expenditure of nearly $3 million), namely:Dissolution of the Governance Working Group: This working group is mainly responsible for formulating guidelines and the governance working group charter (AIP-239);Dissolution of the Marketing and Communication Working Group: This working group is mainly responsible for the working group charter - Marketing and Communication (AIP-246);Dissolution of the Metaverse Working Group: This working group is mainly responsible for the Metaverse working group charter, etc. (AIP-245);Dissolution of the Web3 Development Working Group: This working group is mainly responsible for the working group charter - Web3 Development (AIP-376).It is reported that the voting end date for this proposal is October 17, and the current approval rate is 98.19%.

ChainCatcher news, according to Cointelegraph, Binance CEO Richard Teng stated that his team has been "working day and night" to bring back the detained executive Tigran Gambaryan from Nigeria, as his health is deteriorating. "We have repeatedly called on the Nigerian government to release Tigran so that he can go home and receive the proper treatment he needs.""There is no need to detain our employee. He has been unjustly and unfairly imprisoned," Teng said at the TOKEN2049 conference held in Singapore on September 19."This is painful for all of us," he said, "especially for his family. For Binance, this is our top priority. We have an internal task force working around the clock to explore different avenues, from legal to political, to help Tigran return home."Teng hopes that the U.S. can designate Gambaryan as unlawfully detained to expedite the process. He added that Binance is also trying to appeal to the Nigerian government to release Tigran on humanitarian grounds.He also mentioned that since being detained in Nigeria, Gambaryan has contracted malaria and pneumonia twice. His worsening health condition even caused him to faint suddenly during a court appearance in May.