SEC Chair: To make cryptocurrency policies permanent, legislative action is needed

Ripple and Uniswap executives join CFTC committee, the game of the "CLARITY Act" escalates again

February 12 News, the U.S. Commodity Futures Trading Commission (CFTC) took a significant step in the ongoing debate over the structure of the crypto market by officially inviting several senior executives from the crypto industry to join its Innovation Advisory Committee (IAC). This move is seen as an important signal of regulatory authorities accelerating dialogue with the digital asset industry and also introduces new variables to the U.S. cryptocurrency regulatory landscape. The invited members come from well-known companies and financial institutions, including Uniswap Labs, Ripple, Robinhood, CME Group, and Nasdaq. For the CFTC, which currently only regulates crypto derivatives and has not directly covered the spot market, such a concentrated introduction of industry expertise is uncommon. The committee was established last month with the goal of providing regulatory agencies with cutting-edge advice on blockchain, artificial intelligence, and new financial infrastructure.

ShuQin Technology is actively developing compliant RWA issuance pathways suitable for Chinese enterprises

The eight departments reiterate that virtual currency activities are illegal financial activities and define the compliance boundaries for RWA tokenization. Shuqin Technology, as a pioneer, explores blockchain applications for real commercial assets to enhance asset sustainability and meet compliance requirements through trustworthy data and governance structures.

Gate Daily (February 13): Standard Chartered Bank warns Bitcoin may drop to $50,000; PGI CEO sentenced to 20 years in prison for $200 million scam

Bitcoin (BTC) continues its sluggish trend, trading around $66,050 on February 13. Standard Chartered Bank warns that Bitcoin may drop to $50,000 before rebounding, with a year-end target price lowered to $100,000. The U.S. Department of Justice announced that PGI CEO was sentenced to 20 years in prison for allegedly running a $200 million Bitcoin Ponzi scheme.

Fairshake invests 1.5 million USD to block anti-crypto Congressman Al Green from being re-elected

Cryptocurrency Political Action Committee Fairshake invests $1.5 million in advertising to prevent Texas Democratic Congressman Al Green from winning the primary. Al Green has been criticized for opposing crypto policies, and his opponent has a higher score. Fairshake also recently announced support for another pro-crypto congressman.

SEC and CFTC compete for prediction market jurisdiction! Atkins: Still not classified as securities

SEC Chairman Paul Atkins testified before the Senate Banking Committee that prediction markets are a "significant issue," citing "potential overlaps in jurisdiction" currently primarily under CFTC jurisdiction, but with the two agencies working collaboratively. When asked whether clear rules will be established, he said "still to be seen," and stated that "securities are securities, and the definition of prediction markets and their products depends on specific interpretations."

Federal Reserve Document Reveals: Cryptocurrency Derivatives Risk Weights Are Independent, Higher Volatility Requires Higher Margin

The Federal Reserve released new analytical recommendations on Wednesday, suggesting that cryptocurrencies be classified as a unique asset class used in "non-cleared" derivative markets (including OTC and other transactions not cleared through centralized clearinghouses) for initial margin requirements. The working paper notes that this is because cryptocurrencies are more volatile than traditional asset classes and do not fit into the asset class risk categories outlined in the standardized initial margin model (SIMM).