On January 24, Cynthia Lummis, chair of the Senate Banking Subcommittee on Digital Assets, posted on social media: "As we learn of the severity and injustice of Chokepoint 2.0, I will work closely with FDIC Vice Chairperson Travis Hill to end this attack on digital assets."
The 119th U.S. Senate Subcommittee on Banking Digital Assets will focus on the following two areas: 1. Promote bipartisan digital asset legislation that promotes responsible innovation and protects consumers, including market structure, stablecoins, and strategic bitcoin reserves. Stringent oversight of federal financial regulators to ensure that they are acting in accordance with the law and that incidents like "Operation Chokepoint 2.0" do not happen again.
The Hong Kong Legislative Council Subcommittee on Web3 and Virtual Asset Development has announced the election results of the Chairperson and Vice-Chairperson. According to Legislative Council Paper No. CB (1) 769/2024, Legislative Council Member Ng Kit-chuang was successfully elected as the Chairperson of the Subcommittee. The establishment of the Subcommittee on Web3 and Virtual Asset Development is mainly to review the application and development of Web3 and virtual asset technology in Hong ...
According to Ng Kit-chuang, a member of the Hong Kong Legislative Council, there are about 10 victims who plan to file civil claims against JPEX. If the compensation is successful, the amount of compensation will refer to the amount of the parties' "deposit". Ng Kit-chuang added that the "Web3 and Virtual Asset Development Subcommittee" requested to be established last year will hold its first meeting. He hopes that in the next 12 months, he can review any loopholes in the existing regulations a...
The U.S. Commodity Futures Trading Commission (CFTC) has appointed Mo Shaikh, co-founder and CEO of Aptos Labs, as a member of its Digital Assets Subcommittee. The Digital Assets Subcommittee consists of 34 people, with other members including executives from BlackRock, Polygon Labs, Uniswap Labs, and Bank of New York Mellon. The Digital Asset Markets Subcommittee is affiliated with the Global Markets Advisory Committee (GMAC). Founded in 1998, the GMAC is composed of important figures in the fi...