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Cryptocurrency Compliance and Regulatory News Highlights within 24 Hours
On December 19, significant progress was made in U.S. crypto regulation. The U.S. Senate confirmed pro-crypto individual Michael Selig as the chair of the CFTC by a vote of 53-43, while elevating Travis Hill to the position of FDIC chair. This marks a shift in the leadership of regulatory agencies towards supporting digital asset innovation during the Trump administration's second term. Selig's blockchain expertise is expected to drive the formulation of clear rules, enhancing the United States' leadership position in the global crypto space.
Additionally, the Federal Reserve has revoked 2023 guidelines that restricted banks from participating in crypto activities, moving towards a case-by-case approval framework that supports banks in providing custody, stablecoin, and other services to promote responsible innovation. The community is abuzz with discussions that this move will unlock institutional capital, with stablecoins and RWA sectors benefiting significantly.
On a global scale, the EU's MiCA framework continues to advance, emphasizing compliance and anti-money laundering; China's regulation remains strict, cracking down on illegal trading. Overall, the regulatory environment is expected to become more favorable by the end of 2025, with U.S. policy easing potentially stimulating year-end market trends, but risk management and compliance remain key focuses. Investors are advised to pay attention to new developments from the CFTC to seize policy dividends.
$BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
$BNB
{future}(BNBUSDT)
On December 19, significant progress was made in U.S. crypto regulation. The U.S. Senate confirmed pro-crypto individual Michael Selig as the chair of the CFTC by a vote of 53-43, while elevating Travis Hill to the position of FDIC chair. This marks a shift in the leadership of regulatory agencies towards supporting digital asset innovation during the Trump administration's second term. Selig's blockchain expertise is expected to drive the formulation of clear rules, enhancing the United States' leadership position in the global crypto space.
Additionally, the Federal Reserve has revoked 2023 guidelines that restricted banks from participating in crypto activities, moving towards a case-by-case approval framework that supports banks in providing custody, stablecoin, and other services to promote responsible innovation. The community is abuzz with discussions that this move will unlock institutional capital, with stablecoins and RWA sectors benefiting significantly.
On a global scale, the EU's MiCA framework continues to advance, emphasizing compliance and anti-money laundering; China's regulation remains strict, cracking down on illegal trading. Overall, the regulatory environment is expected to become more favorable by the end of 2025, with U.S. policy easing potentially stimulating year-end market trends, but risk management and compliance remain key focuses. Investors are advised to pay attention to new developments from the CFTC to seize policy dividends.
$BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
$BNB
{future}(BNBUSDT)
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BNB
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