SEC will develop a comprehensive and clear regulatory framework Silk Road founder pardoned
Reprinted from jinse
01/22/2025·3Mheadlines
▌US SEC: New cryptocurrency task force will develop a comprehensive and clear regulatory framework
The U.S. Securities and Exchange Commission (SEC) stated that the new cryptocurrency task force will work to develop a comprehensive and clear regulatory framework for crypto assets. Senior advisers Gabbert and Asher serve as the task force's chief of staff and chief policy adviser, respectively.
As previously reported, US SEC Acting Chairman Mark Uyeda announced the establishment of a new encryption working group.
▌Silk Road founder Ross Ulbricht receives pardon from President Trump
According to Aggr News, Silk Road founder Ross Ulbricht received a pardon from President Trump.
Quotes
As of press time, according to Coingecko data:
BTC’s recent transaction price was US$105,979, with an intraday increase or decrease of +3.9 % ;
ETH’s recent transaction price was US$3,327.67, with an intraday increase or decrease of +1.8 % ;
BNB’s recent transaction price was US$691.59, with an intraday increase or decrease of +1.4 % ;
SOL’s recent transaction price was US$249.01, with an intraday increase or decrease of +3.3 % ;
DOGE’s recent transaction price was 0.3718 yuan, with an intraday increase or decrease of +5.5% ;
XPR’s recent transaction price was $3.17, with an intraday increase or decrease of +2.1% .
policy
▌Crypto market maker CLS Global pleads guilty following US FBI sting operation and investigation
UAE-based cryptocurrency financial services firm CLS Global agreed on Tuesday to plead guilty to U.S. charges that it provided services that assisted in market manipulation, Reuters reported, in connection with a scheme created at the request of the FBI. A digital token designed to expose fraud in the cryptocurrency industry. CLS Global was one of three companies and 15 individuals indicted by federal prosecutors in Boston last year following an undercover investigation known as "Operation Token Mirrors," which marked the first time the FBI personally directed the creation of digital tokens and set up fake cryptocurrency companies to trap fraudsters. .
Prosecutors noted that CLS was one of three market makers that provided illegal trading services to cryptocurrency companies and agreed during the sting operation to help manipulate the market for the FBI-backed NexFundAI token, which runs on the Ethereum blockchain. CLS admitted in court documents that it agreed to provide services, including false trading, for NexFundAI tokens.
On Tuesday, prosecutors announced that CLS would plead guilty to two counts of fraudulent manipulation of cryptocurrency trading volumes and pay a $428,059 fine. Additionally, CLS will be prohibited from engaging in cryptocurrency trading on trading platforms available to U.S. investors or providing services to U.S. cryptocurrency clients. CLS Global also committed to annual certification of its business practices and agreed to resolve related civil charges brought by the U.S. Securities and Exchange Commission (SEC).
▌EU regulators urge countries to ensure compliance with stablecoin rules as soon as possible
The European Securities and Markets Authority (ESMA) said in a statement that the regulator has asked the EU's 27 member states to ensure that crypto asset service providers (CASPs) comply with their stablecoins "no later than the end of the first quarter of 2025" rule.
ESMA said: “In practical terms, this means that CASPs operating crypto-asset trading platforms are expected to cease trading in all crypto-assets that qualify for ART and EMT but where the issuer is not authorized in the EU (“ART and EMT that are not MiCA compliant”) ). ART is an asset reference token and EMT is an electronic money token.
According to ESMA’s statement, EU-registered exchanges such as Gemini and Coinbase must delist unauthorized stablecoins. Coinbase previously announced that it would delist all such tokens by December last year.
▌ Hester Peirce will lead the US SEC’s newly established cryptocurrency working group
Acting Chairman of the U.S. Securities and Exchange Commission (SEC) Mark Uyeda has established a cryptocurrency task force “committed to developing a comprehensive and clear regulatory framework for cryptocurrency assets.” Commissioner Hester Peirce will lead the task force. The focus of the working group will be to help the Commission draw clear regulatory boundaries, provide a practical path to registration, develop a reasonable disclosure framework, and deploy enforcement resources wisely.
▌Kenya ’s proposed law requires digital asset companies to set up local offices
The Kenyan government is drafting a law that would require virtual asset service providers to set up local offices in an effort to tighten oversight of the fast-growing digital asset industry.
The proposed policy does not apply to assets that cannot be transferred, traded, or used for payments and investments outside closed ecosystems, and is intended to address gaps in the legal and regulatory framework in the field of virtual assets and address consumer protection, governance, data privacy, and cybersecurity etc. questions.
Kenya introduced a 3% income tax on digital asset transactions in 2023, but has yet to establish a comprehensive industry regulatory framework. Through this move, the government hopes to fill regulatory gaps while addressing industry risks such as money laundering, terrorist financing, tax evasion, fraud and cybercrime.
▌ TD Cowen: Trump’s meme token poses risk to bipartisan crypto legislation
U.S. President Donald Trump’s memecoin Official Trump (TRUMP) could hinder the progress of bipartisan legislation on crypto market structure, investment bank TD Cowen said.
“Democrats will demand details on whether foreign governments and business interests used token purchases to curry favor with the Trump team, which would jeopardize the passage of the cryptocurrency bill,” TD Cowen’s Washington research group, led by Jaret Seiberg, wrote in a report on Tuesday. The ability to have bipartisan support, and this bill needs bipartisan support to become law.”
TD Cowen’s Seiberg said the rollout of memecoins has made it difficult for Congress to agree on a bipartisan crypto market structure bill, which is critical to resolving legal uncertainty that limits the crypto investor base. Analysts suggested that a potential solution could be to separate the memecoin investigation from the cryptocurrency legislation, letting other Democratic leaders lead the investigation and provide cover for those who support the bill.
▌The U.S. Senate Finance Committee voted to approve the nomination of Scott Bessent as Treasury Secretary
On January 21, local time, the U.S. Senate Finance Committee voted 16 in favor and 11 against to approve the nomination of Scott Bessent as Treasury Secretary in the Trump administration and submitted the nomination to the Senate Take the final confirmation vote. If approved, Bessant will become one of the new U.S. government's important spokesmen on economic policy, with huge influence on fiscal policy, financial supervision, international sanctions and overseas investment.
Blockchain application
▌ Meta plans to launch “Oakley” smart glasses and explore the development of smart watches and headphones
Meta is working on upgrading its popular smart glasses and is exploring new wearables such as watches and camera-equipped headphones as it aims to embed its artificial intelligence capabilities into more products. That effort includes developing Oakley-branded smart glasses for athletes this year, according to people familiar with the matter. Reality Labs, Meta's device unit, also plans to release new high-end glasses with built-in displays in 2025, people familiar with the matter said. People familiar with the matter also said that other products in development will compete with Apple's smart watches and AirPods. In addition, the company is developing its first true augmented reality product, which is scheduled to be released around 2027.
▌Bank of America CEO: We already have hundreds of blockchain patents and we know how to enter this field
Bank of America (BoA) CEO Brian Moynihan said in an interview with CNBC at the World Economic Forum in Davos, Switzerland, that if proper regulation makes crypto payments "a reality," then "the banking system will get tough on transactions."
In this case, crypto transactions will simply be viewed as another payment type alongside credit cards, debit cards, and Apple Pay. , Brian Moynihan said: “We already have hundreds of blockchain patents, we know how to get into this space.” He said that US banking institutions are willing to adopt cryptocurrency payments if there are appropriate rules, which shows that the financial industry is still waiting Clearer signals from regulators before taking action.
cryptocurrency
▌Trump responded to the currency issue: I don’t know much about it, but I heard it was very successful.
Trump responded to the coin announcement: "I don't know if it (TRMUP coin) is profitable. I don't know much about it, except that I launched it. I heard it was very successful."
▌Encryption company Smart Valor is conducting a strategic review and may sell the company’s business
Smart Valor, a cryptocurrency exchange and AI-led investment firm, is exploring the possibility of selling all or part of its business.
Its CEO and co-founder Olga Feldmeier said the company is proceeding after receiving a series of inquiries from large global exchanges, cryptocurrency platforms, and traditional financial (TradFi) institutions including banks and trading platforms. Strategic review.
Consultants are conducting an auction with bids due on Jan. 24, two people familiar with the matter said. Several companies are expected to bid for the regulated exchange business, and several others have completed due diligence and may also participate in the auction.
▌Bitcoin ETF holds more than 1.1 million BTC one year after its launch, accounting for about 5.7% of the current supply
COINMETRICS data shows that the Bitcoin ETF holds more than 1.1 million BTC one year after its launch, accounting for approximately 5.7% of the current supply.
▌ Robinhood Crypto is now available to Spanish users
Robinhood Crypto announced on Tuesday that users in Spain can now use the platform’s trading, staking and investing services. This is the company’s latest expansion in Europe following the implementation of EU crypto asset market regulations.
Last year, the US-based trading platform unveiled a plan to expand its services to the EU, UK and Asia. Johann Kerbrat, general manager of Robinhood’s cryptocurrency division, said at the time: “The EU is as big as the United States in terms of total addressable market. It’s definitely an interesting market for us.” Robinhood Crypto launched crypto for European customers in October A currency transfer service that allows them to deposit and withdraw around two dozen coins, becoming “one of the most popular features in the region.”
▌ After BTC rebounded to over $100,000, 80% of short-term holders returned to the profit range
Data from Checkonchain, a Bitcoin on-chain analysis program, shows that after BTC rebounded above $100,000, 80% of short-term holders (STH) returned to profitable territory. Earlier this month, STH's loss rate dropped to 65% before Bitcoin rebounded.
Important economic developments
▌The probability that the Fed will keep interest rates unchanged in January is 99.5%
According to CME's "Fed Watch", the probability of the Fed keeping interest rates unchanged in January is 99.5%, and the probability of cutting interest rates by 25 basis points is 0.5%. The probability of keeping current interest rates unchanged by March is 73.6%, the probability of a cumulative 25 basis point interest rate cut is 26.3%, and the probability of a cumulative 50 basis point interest rate cut is 0.1%.
▌Factors such as easing inflation concerns, milder-than-expected tariffs and dovish comments from the Federal Reserve are driving market optimism
10x Research posted on the social platform that gold and Bitcoin are entering the market at a critical moment. As gold rebounds to near all-time highs and Bitcoin continues to show bullish momentum, macroeconomic factors such as easing inflation concerns, milder-than-expected tariffs and dovish comments from the Federal Reserve are driving optimism in the market.
In late October, just a week before Trump was elected, gold prices halted their upward momentum and entered a consolidation phase. That's attributed to potential inflationary pressures from Trump's proposed immigration and tariff policies, as well as his pledge to refill the Strategic Petroleum Reserve, all of which economists expect to push up inflation expectations.
The announced tariff policy is milder than expected, coupled with the dovish tone adopted by Federal Reserve Governor Waller last week, these are solid macroeconomic reasons for gold to climb back to historical highs and for Bitcoin to continue to rise. These factors, coupled with last week's CPI data, are key considerations that make us more optimistic about the current market outlook.
▌Trump : Several companies will invest US$500 billion to build AI infrastructure
U.S. President Trump announced at the White House on the 21st that Japan’s SoftBank Group, the U.S. Open Artificial Intelligence Research Center and the U.S. Oracle Corporation will invest US$500 billion to build infrastructure to support the development of artificial intelligence (AI) in the United States.
Trump said at the White House that day that the three companies have joined forces to create a project called "Stargate" and plan to build data centers in the United States to support the development of AI. He said it was the “largest” AI infrastructure investment project in history. According to US media reports, the initial investment in the project is US$100 billion, with plans to expand to US$500 billion in the next four years. The first data center to be constructed will be located in Texas, USA, with subsequent expansion to other states. (Golden Ten)
Golden Encyclopedia
▌What is a teardrop attack in encryption?
In the cryptocurrency environment, teardrop attacks often target the decentralized nature of blockchain platforms. Even if they don’t target the blockchain’s cryptographic algorithms, disrupting the underlying peer-to-peer network infrastructure that cryptocurrencies rely on could lead to service disruptions, loss of funds, and loss of user trust. An attacker can interfere with the consensus process, transaction validation, or node-to-node communication by focusing on specific nodes or servers. This can lead to network fragmentation, processing delays or even complete outages.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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