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Regulation/Compliance

News linked to both this project and an event.

Institutional asset management firms may announce major stock tokenization news

Odaily report: Andy (@andyyy) posted on X platform that institutional asset management firms are about to see major tokenization news, with the largest asset management giants deepening their ties with stock issuers. Andy previously predicted a week ago that the SEC would introduce a crypto exemption policy.

HTX Chief Analyst: Fed's Hawkish Rate Hikes Restore Policy Credibility

Following the Federal Reserve's expected 25-basis-point rate hike at its September policy meeting, Huobi HTX Chief Analyst Andy noted that what truly warrants attention is the Fed's comprehensive hawkish shift. All 12 officials voted unanimously—a rare occurrence—while the dot plot clearly points to another rate hike within the year, confirming that tightening has become consensus.

Insiders: Cathie Wood's Ark Invest Could Become the SEC's First Exempt Tokenized Securities Asset Manager

Odaily News – Andy, host of The Rollup podcast, stated on X: "We have received fairly reliable information that Ark Invest, founded by Cathie Wood, will become one of the first asset managers to launch tokenized securities through a transfer agent under the SEC's 'Innovation Exemption' policy. The plan will start with Ark's funds and then expand further. Several institutions, including Fidelity and WisdomTree, are also likely to follow suit."

Insiders: CLARITY May Be Split into Multiple Independent Bills Targeting Different Market Segments

Odaily News – Andy, host of The Rollup podcast, stated on X that rumors circulating on Capitol Hill suggest the CLARITY Act has almost zero chance of passing. While Polymarket's prediction probability shows 18%, the real odds are likely only around 3%–5%.According to his sources, it is widely understood within Washington D.C. that the bill cannot pass, but no one can openly say so, as the industry has already poured tens of millions of dollars and 18 months of resources into pushing it forward. The Democratic Party's ethical scrutiny over Trump's crypto-related business interests has yet to receive substantive answers. With that in mind, the odds for YES on prediction markets appear somewhat overvalued, and NO might be a direction worth watching.Andy: "The CLARITY Act may subsequently be 'split into several independent bills,' each targeting specific segments of the crypto market. After the CLARITY Act's failure, what may follow are innovation exemptions, regulations, or sub-bills addressing stablecoins, asset tokenization, perpetual contracts, and prediction markets. At this stage, lawmakers appear more inclined toward a segmented, granular approach rather than introducing one sweeping, all-encompassing crypto bill. Based on my conversations with insiders in Washington, this is the more likely scenario in the long run."

Kalshi applies to launch forex and interest rate perpetual contracts

Odaily News: Andy Ross, head of institutional business at Kalshi, said that Kalshi has submitted an application to regulators to launch perpetual contracts based on foreign exchange and interest rates. The application was submitted on Monday and had not appeared in the U.S. Commodity Futures Trading Commission (CFTC) public filing system as of Tuesday afternoon. Previously, the CFTC approved Kalshi to list bitcoin perpetual contracts in May this year, followed by the launch of ETH and XRP perpetual contracts. Since then, Kalshi has continued to expand perpetual contracts beyond cryptocurrencies: it submitted applications for gold, silver, and platinum perpetual contracts in July, and on August 18, it submitted applications for U.S. large-cap stock index and copper perpetual contracts. Ross said Kalshi hopes to bring multiple asset classes such as stocks, commodities, cryptocurrencies, fixed income, and interest rates into a unified trading interface. Currently, the platform's market count has increased from approximately 4,000 to around 10,000, and activity has gradually spread from a few popular markets to a wider range of markets.

参议员提案设立联邦反腐败局,矛头直指特朗普加密收益及家族利益冲突

据 Cointelegraph 报道,美国参议院少数党领袖查克·舒默(Chuck Schumer)于 7月 31 日正式提出《反腐败局创建法案》(Anti-Corruption Bureau Creation Act),拟设立一个专职处理联邦层面腐败问题的新政府机构。 该法案明确点名特朗普,援引其 2025 年披露的逾 20 亿美元投资收益(其中加密相关收益达 14 亿美元),以及其家族持有与外国政府挂钩的逾 10 亿美元加密基金。拟设机构将由 7 名两党成员组成,经参议院确认后就任,具备调查、执法及预防行政腐败的"实质权力",并将联邦选举委员会、政府伦理办公室及特别顾问办公室整合至同一屋檐下。参议员 Andy Kim、Alex Padilla 和 Jeff Merkley 联署共同提案。 白宫副新闻秘书 Anna Kelly 对此回应称,特朗普的投资"由独立第三方金融机构管理的全权委托账户持有,不存在利益冲突"。

44 State Attorneys General Send Joint Letter to CFTC: Regulatory Authority Over Sports Prediction Markets Does Not Belong to Federal Government

According to The Block, 44 state attorneys general led by Ohio Attorney General Andy Wilson jointly submitted a public comment letter to the Commodity Futures Trading Commission (CFTC), stating that the CFTC's proposed rules exceed the authority granted by the Commodity Exchange Act and requesting them to redraft new rules compliant with the Constitution. The letter emphasized that sports betting has historically fallen under state-level regulatory jurisdiction, and the federal government has never intervened. Meanwhile, the NFL also wrote to CFTC Chairman Michael Selig, requesting to curb the expansion of sports prediction markets, arguing that the current proposed rules are insufficient to protect the integrity of events. Currently, the legal battle between states and the CFTC continues to intensify: a Minnesota court ruled to suspend the enforcement of the state's prediction market ban, allowing Kalshi and Polymarket to continue operations; however, a New York federal judge again refused to block New York State from enforcing gambling laws against Kalshi, and Michigan and Washington states have also issued temporary injunctions restricting Kalshi from conducting sports event contract business locally.

UK Tokenized Government Bond Plan Advances, On-Chain Cash Settlement Becomes Key Bottleneck

According to CoinDesk, the UK government plans to complete the first tokenized sovereign bond issuance tests through HSBC and the London Stock Exchange Group (LSEG) in early 2027, but industry experts point out that on-chain cash settlement issues remain the core obstacle hindering the implementation of the plan. Varun Paul, Global Head of Central Banks and Market Infrastructure at Fireblocks, stated that the project has secured sufficient institutional support, and a change in government (UK Prime Minister changing from Keir Starmer to Andy Burnham) is unlikely to reverse it, and tokenized government bonds are expected to boost market demand given the UK's current debt scale of nearly 3 trillion pounds (approximately 4 trillion USD). Jannah Patchay, Founder of Markets Evolution, pointed out that tokenized bond technology has been validated for nearly seven years since Santander Bank issued the first tokenized sterling corporate bond in 2019, but the absence of on-chain counterparty risk-free settlement assets has remained unresolved. She called on regulators to promote the use of compliant sterling stablecoins to provide an on-chain settlement mechanism. Currently, the global stablecoin market size reaches $300 billion, but TGBP, the largest pound stablecoin by market capitalization, is only worth about $34.2 million, accounting for a negligible proportion.

Hong Kong Police: Over 2,000 people arrested in Q1 for fraud and money laundering, with 70% involving “shell accounts”

According to HK01, the Hong Kong Police Force’s Financial Intelligence and Investigation Bureau, in collaboration with the Hong Kong Monetary Authority and the Hong Kong Association of Banks, jointly organized an “Anti-Money Laundering Exhibition.” Hong Kong Police Commissioner Andy Tsui revealed data indicating that over 9,400 fraud cases were recorded in Hong Kong during the first quarter of this year—a decrease of approximately 60 cases compared to the same period last year. However, losses totaled over HK$1.85 billion, an increase of nearly HK$300 million year-on-year. Around 2,000 individuals were arrested in the first quarter of this year for fraud- and money laundering-related offenses, approximately 70% of whom were “money mule account” holders. The Hong Kong Police Force warned that, under current legislation, conviction for money laundering carries a maximum penalty of a fine of HK$5 million and up to 14 years’ imprisonment; courts may also impose additional penalties depending on the circumstances.

Anthropic Model Safety Controversy Escalates, Amazon Accused of Being the "Hidden Force" Triggering Regulatory Intervention

the U.S. government's export controls and access restrictions on Anthropic's models, Fable 5 / Mythos 5, were partly driven by Amazon's cybersecurity research and AWS CEO Andy Jassy's communications with the White House.It is understood that research submitted by Amazon indicated that through a series of prompt tests, researchers could induce Fable 5 to output sensitive information potentially usable for cyberattacks, raising security concerns. Subsequently, Andy Jassy reported these findings to the U.S. government level, prompting the White House to implement further restrictions, including banning foreign users from accessing the model.Meanwhile, former U.S. Commerce Department official Kate Koren revealed that the White House's existing policy stance towards Anthropic may have also influenced this decision. This is because Anthropic has disagreements with the White House over the boundaries of AI safety, including refusing to use its models for mass surveillance or lethal autonomous weapons systems. Although the two sides had eased tensions and expanded cooperation earlier this year, this incident could reignite strained relations between them. (The Wall Street Journal)

DEF: Some Senators Submit "Anti-DeFi" Amendments, Potentially Weakening Protections in the CLARITY Act

Eleanor Terrett disclosed that after members of the U.S. Senate Banking Committee submitted over 100 amendments to the CLARITY Act last night, the DeFi Education Fund (DEF) is tracking what it calls "anti-DeFi amendments" among them. It is urging supporters to pressure senators to oppose these amendments before the bill is considered tomorrow.According to DEF, these amendments come from Democratic Senators Catherine Cortez Masto, Andy Kim, Chris Van Hollen, Elizabeth Warren, and Jack Reed. They involve weakening the Blockchain Regulatory Certainty Act (BRCA), limiting protections for non-custodial software developers and DeFi frontends, adjusting tokenization provisions, and expanding BSA/AML obligations for developers and digital asset companies.

U.S. Senate Banking Committee Members Submit Over 100 Crypto Bill Amendments

according to a leaked list obtained by POLITICO, members of the U.S. Senate Banking Committee have submitted over 100 amendments to the crypto market structure bill scheduled for review on Thursday. These amendments primarily focus on stablecoin yield, software developer protection, and ethics provisions.Among them, Democratic Senators Jack Reed and Tina Smith have proposed strengthening the prohibition on interest payments for stablecoins; Chris Van Hollen suggested banning the President, members of Congress, and their families from holding or being associated with cryptocurrencies; Catherine Cortez Masto proposed establishing a safe harbor for software developers to shield them from criminal liability. Additionally, Andy Kim proposed rebuilding the Department of Justice's National Cryptocurrency Enforcement Team. The bill aims to clarify regulatory jurisdiction over cryptocurrencies.

Galaxy: 7 Democratic Senators Could Be Key to Advancing the CLARITY Act

Odaily Planet Daily reported that Galaxy Digital stated that 7 Democratic senators on the U.S. Senate Banking Committee may play a crucial role in advancing the CLARITY Act. The bill will enter committee review this Thursday; if it passes, it will be submitted for a full vote in the Senate.Galaxy listed Ruben Gallego and Angela Alsobrooks as "pro-crypto framework" senators, and considers Mark Warner, Catherine Cortez Masto, Andy Kim, and Raphael Warnock as "negotiable," potentially supporting the bill after the inclusion of additional anti-money laundering and risk control provisions.The report noted that the Senate Banking Committee has 24 members, consisting of 13 Republicans and 11 Democrats. The bill needs at least a majority of support to proceed to the next stage. Coinbase's policy head previously stated that the CLARITY Act ultimately needs at least 60 votes and bipartisan support to become law. (Cointelegraph)