finalize

Zhao Changpeng posted on Binance Square, "The (new book) is finally finalized, I hope so. It should be published soon.To avoid any potential leaks, the book title is as follows:English: Freedom of Money: A Memoir of Protecting Users, Resilience, and the Founding of BinanceChinese: Binance Life: A Memoir of Luck, Resilience, and Protecting Users"

According to CoinDesk, Tim Scott, the chairman of the U.S. Senate Banking Committee, stated at the Washington DC Blockchain Summit that the previously stalled cryptocurrency market structure bill is making substantial progress behind the scenes, with the first draft expected to include language related to stablecoin yields.Scott mentioned that the issue of stablecoin yields is the most publicly discussed topic in the bill, and currently, Democratic Senator Angela Alsobrooks, Republican Senator Thom Tillis, and White House official Patrick Witt are actively working to resolve this issue.On other pending topics, Scott revealed that several disagreements have entered the negotiation stage over the past month, including: ethical issues raised by former President Trump and his family's cryptocurrency projects, the quorum issue regarding bipartisan committee seats in major regulatory agencies, and DeFi regulation and anti-money laundering (AML) compliance requirements. Scott stated that these issues are all progressing, and the overall situation is improving.

According to the New York Post, sources revealed that on Thursday local time, after meeting with former Federal Reserve Governor and Stanford University professor Walsh, President Trump called Walsh again to ask if he would be willing to accept the position------and he ultimately agreed.Reportedly, BlackRock executive Rick Reed was also a strong candidate for the next chairman of the Federal Reserve, but sources close to him indicated that Reed was informed on Thursday that he would not receive the appointment.

According to South Korean media reports, the ruling Democratic Party of Korea has finalized the name of its bill aimed at regulating the virtual asset market as the "Basic Law on Digital Assets," and plans to submit it before the New Year holiday.They also agreed to set the minimum legal capital requirement for stablecoin issuers at 5 billion won (approximately 3.5 million USD). However, sensitive issues such as the scope of the central bank's authority and major shareholder ownership restrictions will be finalized after further coordination with the policy committee.

Senators are trying to resolve key points of contention in the regulatory cryptocurrency industry legislation during the last few working days of the year, in hopes of pushing the bill out of committee after months of negotiations. Although Democratic colleagues are still seeking to amend the draft text, and with only a few days left before lawmakers head out for the holidays, Republicans are still pushing to review and amend the cryptocurrency market structure legislation next week.A person familiar with the market structure legislative process stated, "Time is of the essence. Realistically, there are only about 48 hours to determine whether this bill can move forward next week." The main proponent of cryptocurrency legislation, Senator Cynthia Lummis (Republican from Wyoming), stated on Tuesday that her goal is to release an updated draft that she believes is "our best result so far" by the end of this week, and to review and amend the bill next week.She said at the Blockchain Association policy summit, "I think we are at a stage now where it is best to put forth a proposal, review and amend it next week, and then let everyone take a breather over the Christmas holiday."

According to Jinshi reports, White House National Economic Council Director Hassett stated that President Trump will finalize the next Federal Reserve Chair nominee within the next week or two. Hassett is a leading candidate for the next Federal Reserve Chair, and in an interview with Fox News, he pointed out that based on "stronger economic data," "it is certainly possible to cut rates by 50 basis points, or even more."

U.S. President Trump: I know who I want to be the Chairman of the Federal Reserve, and I will announce it soon.

ChainCatcher news, Coinbase CEO Brian Armstrong posted on the X platform stating that despite the ongoing government shutdown in the United States, the momentum for clarifying the market structure bill is unprecedented. He has been in communication with Senate Democrats and Republicans who hope to complete this work, and the bill is 90% finalized, with all parties working to determine the final 10%, and they are close to the goal.Brian Armstrong added that Coinbase will advocate for clear rules to protect innovation in the DeFi space and the rights of users to earn rewards in stablecoins. He is optimistic that the bill can be passed by the end of the year and hopes it can be submitted for review before Thanksgiving.

ChainCatcher news, according to Cointelegraph, the long-dormant Bitcoin Improvement Proposal OP_CHECKTEMPLATEVERIFY (referred to as CTV or BIP-119) is currently gaining attention, supported by well-known Bitcoin developers and companies. If ultimately approved, it will enhance Bitcoin's scalability, security, and usability, particularly by introducing features like "covenants" and "vaults."These features are expected to improve the user self-custody experience and give rise to safer and smarter second-layer applications, such as the Lightning Network and Ark.

ChainCatcher news, Lido protocol developer pshe.eth tweeted that the RFC draft of the Lido V3 white paper has been released. Lido contributors have been dedicated to a completely new architectural direction for the protocol, focusing on stVaults, which are isolated staking positions that can decouple Ethereum's staking methods (such as node operators, fees, risk preferences, Sidecar modules, etc.) from the liquidity layer. stVaults are expected to become highly composable foundational components that can serve as the core building blocks for creating strategies, protocols, and institutional staking products.pshe.eth stated that this draft currently covers a wide range of design aspects and is expected to be continuously optimized in the coming weeks, with the goal of finalizing the white paper before mid-summer this year.

ChainCatcher news, according to Finance Magnates, the European Securities and Markets Authority (ESMA) has released the "Final Guidelines on the Regulation of Market Abuse in Crypto Assets," which will be fully implemented within three months after its publication as part of the MiCA regulatory framework.The guidelines require the regulatory authorities of the 27 EU member states to establish a unified market monitoring system, focusing on preventing three types of violations: insider trading, illegal information disclosure, and market manipulation, with a particular emphasis on strengthening the regulation of false information dissemination on social media, blogs, and other online platforms.The document mandates that Professional Trading Firms (PPAETs) must deploy automated monitoring tools and establish a tiered processing mechanism for Suspicious Transaction Reports (STORs).For cross-border regulation, ESMA explicitly requires national regulatory authorities to share regulatory cases involving non-EU crypto firms and to regularly report to ESMA on cross-border cooperation obstacles. It is noteworthy that the guideline development process did not include a public consultation.ESMA explains that, since Article 125 of the MiCA regulation has already provided clear authorization, and the guidelines are aimed solely at regulatory authorities rather than market participants. National regulatory authorities must submit a compliance commitment letter to ESMA within two months, and if they choose partial exemptions, they must specify the details.

ChainCatcher news, according to Globenewswire, the Trump Media Technology Group (DJT.O) has signed a binding agreement with the cryptocurrency trading platform Crypto.com and the asset management company Yorkville America Digital to launch a series of ETFs under the Truth.Fi brand.This agreement was reached following a non-binding agreement signed by the companies in March of this year. The law firm Davis Polk & Wardwell LLP will provide consulting services to the parties regarding product development and launch. These ETFs will be offered through Crypto.com's brokerage subsidiary Foris Capital US LLC and are expected to include digital assets as well as securities from diversified industries, including energy, featuring "Made in America." Following regulatory approval, these funds are expected to launch later this year and will be widely available in international markets, including the U.S., Europe, and Asia, covering existing platforms and brokers.These ETFs are planned to be launched alongside a series of Truth.Fi separately managed accounts (SMA). TMTG plans to invest in these ETFs and SMAs using its own cash reserves, which is part of TMTG's financial services and fintech strategy, utilizing up to $250 million in funds, to be custodied by Charles Schwab.

ChainCatcher news, according to Cointelegraph, the Argentine National Securities Commission (CNV) has finalized regulatory rules for Virtual Asset Service Providers (VASP).The new regulations cover registration obligations, cybersecurity, asset custody, anti-money laundering, and risk disclosure, requiring mandatory separation of company and client funds, annual audits, and monthly reports to the CNV. Starting in 2024, VASPs operating in Argentina must register with the Virtual Asset Service Provider Registry (PSAV), and violators may have their registration revoked.CNV Chairman Roberto E. Silva stated that institutions failing to comply with the regulations will not be able to operate in Argentina.

ChainCatcher news, Galaxy's Vice President of Research Christine Kim published a summary of the 151st Ethereum Core Developers Consensus (ACDC) call. During the meeting, developers discussed the client teams' readiness for the Pectra upgrade on the Holesky testnet and the follow-up work on PeerDAS Devnet 5. Developers also agreed to finalize EIP 7872, the maximum blob flag for local builders, and EIP 7870, hardware and bandwidth recommendations for validators and full nodes.

ChainCatcher news, Upbit's operator Dunamu responded to rumors about business suspension penalties. The company stated that the penalty decision by the Financial Intelligence Unit (FIU) has not been finalized and will be defended through subsequent procedures such as the sanctions review committee.Dunamu emphasized that even if the penalty takes effect, it will not affect the trading functions of existing and new users. The core content of the penalty is limited to restricting new users from transferring cryptocurrency assets outside the exchange within a specific period.

ChainCatcher news, the Financial Services Commission of Korea (FSC) issued a statement denying reports about a finalized roadmap for the issuance of real-name cryptocurrency accounts for enterprises.Previously, local media, including the Korea Economic Daily (Hankyung), reported that the FSC plans to release a roadmap by the end of December, proposing a phased approach to issuing cryptocurrency accounts to enterprises (including public institutions and non-profit organizations). These reports mentioned that non-profit organizations (such as universities and local governments) would be prioritized in the first phase to meet liquidity needs rather than for investment purposes.The FSC clarified that no decision has been made regarding the corporate account policy, and relevant discussions are still ongoing within the Virtual Assets Committee. The FSC emphasized that no regulatory measures have been finalized and urged the public to remain cautious about speculative reports.Previous news, according to the Korea Economic Daily, the Financial Services Commission of Korea plans to release a roadmap for the opening of real-name cryptocurrency trading accounts for corporations by the end of December. The first phase will allow non-profit entities such as central government departments, local governments, public institutions, and universities to open real-name accounts.

ChainCatcher News: U.S. President-elect Donald Trump nominated Kevin Hassett as the Director of the National Economic Council and Jamieson Greer as the U.S. Trade Representative on Tuesday local time, filling two key positions in his economic team.These two positions will directly influence much of Trump's economic agenda: imposing new tariffs and tax cuts. Greer is a longtime protégé and deputy of Robert Lighthizer, who served as Trump's U.S. Trade Representative for four years. His selection underscores that tariffs will play a central role in Trump's economic agenda. Hassett is also a veteran of Trump's White House, having served as a senior advisor and chairman of the Council of Economic Advisers. He is a strong advocate for the Republican Party's signature tax policies, and Trump has vowed to extend these policies when many tax cuts expire next year. (Jinshi)

ChainCatcher news, according to The Block, the Consumer Financial Protection Bureau (CFPB) finalized a rule this Thursday that grants it the authority to regulate "large non-bank companies," but explicitly excludes crypto assets. The CFPB stated that this rule only applies to transactions denominated in U.S. dollars.The new rule is titled "Defining Larger Participants in the Market for General Digital Consumer Payment Applications" and applies to non-bank financial companies that process more than 50 million transactions annually, requiring them to comply with the same rules as large banks and credit unions. The CFPB emphasized that the definition of "annual covered consumer payment transaction volume" is limited to transactions denominated in U.S. dollars and does not include digital assets such as Bitcoin and stablecoins.The crypto industry and some Republican lawmakers had previously expressed concerns about the potential impact of the rule on crypto assets. The DeFi Education Fund welcomed this and stated that the regulation of digital assets should be led by Congress, not regulatory agencies.