# Сопутствующие статьи по теме Policy

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Policy", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Key Bitcoin Futures Policymaker Makes Comeback At CFTC

Amir Zaidi has been appointed Chief of Staff at the US Commodity Futures Trading Commission (CFTC), effective December 31, 2025. A former CFTC veteran, Zaidi previously served as Director of the Division of Market Oversight and was instrumental in the launch of regulated Bitcoin futures during the Trump administration. After working in the private sector as Global Head of Compliance at TP ICAP, he returns to the CFTC at a critical time. Congress is expected to advance digital asset market structure legislation in early 2026, placing the agency's regulatory role in the spotlight. Zaidi's experience in policy, market oversight, and compliance is seen as vital for the CFTC's coordination with other agencies and response to new laws.

bitcoinist01/01 20:32

Key Bitcoin Futures Policymaker Makes Comeback At CFTC

bitcoinist01/01 20:32

Crypto’s Original Promise At Risk As US Lawmaker Flags Growing Financial Surveillance

U.S. Representative Warren Davidson warns that proposed legislation, particularly the GENIUS Act (S.1582), threatens the foundational principles of cryptocurrency—permissionless and private transactions. He argues the bill, which establishes a federal framework for stablecoin issuance, could enable a government-controlled financial system resembling a wholesale central bank digital currency (CBDC). Davidson and other critics fear the implementation of an account-based model tied to digital identity would allow extensive transaction monitoring and control, undermining financial privacy and freedom. The debate in Congress centers on balancing regulatory clarity and consumer protection with the risks of increased financial surveillance and centralized power. The outcome will significantly impact crypto policy, attracting attention from various stakeholders including banks, tech firms, and privacy advocates.

bitcoinist01/01 14:32

Crypto’s Original Promise At Risk As US Lawmaker Flags Growing Financial Surveillance

bitcoinist01/01 14:32

New Regulatory Policies Imminent, South Korean Crypto Exchanges Face Major Shakeup in Control

South Korea's Financial Services Commission (FSC) is proposing a major regulatory change that would impose a 15% to 20% cap on major shareholders' stakes in domestic cryptocurrency exchanges. The move, part of the "Virtual Asset Second Phase Legislation," aims to redefine major platforms like Upbit, Bithumb, Coinone, and Korbit as core "virtual asset infrastructure," subjecting them to stricter oversight. The FSC highlights two key issues in current exchange governance: excessive power concentration in founders or major shareholders, and disproportionate profit distribution to individuals. The proposed cap mirrors rules for traditional financial Alternative Trading Systems (ATS) and would force significant ownership restructuring. Upbit’s major shareholder holds 25.5%, Bithumb Holdings owns 73%, Coinone’s chairman holds 54%, and Korbit is majority-owned by NXC and affiliates. Compliance would require substantial divestment, potentially altering control and strategic direction. The proposal aims to institutionalize the crypto market, reduce systemic risk, and possibly pave the way for traditional financial institutions to enter. Critics argue it may stifle innovation, violate property rights, and cause management instability, potentially driving businesses to more crypto-friendly jurisdictions like Singapore or Dubai. The outcome could reshape Korea’s crypto industry, balancing financial stability with growth.

比推12/31 13:10

New Regulatory Policies Imminent, South Korean Crypto Exchanges Face Major Shakeup in Control

比推12/31 13:10

15% Equity Threshold: Governance Revolution and Capital Reshuffle in Korean Exchanges

South Korea's Financial Services Commission (FSC) has proposed a major governance overhaul for major cryptocurrency exchanges as part of its "Virtual Asset Second Phase Legislation." The plan would classify large platforms like Upbit, Bithumb, Coinone, and Korbit as "core infrastructure" and impose a strict cap on major shareholders' stakes, limiting them to between 15% and 20%. This move targets two key issues: excessive power concentration in the hands of founders or major shareholders, and the disproportionate privatization of substantial trading fee revenues. The proposal aligns exchange governance with traditional financial standards, similar to rules for Alternative Trading Systems (ATS) under the Capital Markets Act. If implemented, the four leading exchanges would face significant ownership restructuring. For instance, Upbit’s major shareholder holds 25.5%, Bithumb Holdings owns 73%, Coinone’s chairman controls 54%, and NXC holds around 60.5% of Korbit. Each would need to divest substantial stakes. The initiative aims to institutionalize the crypto market, reduce systemic risk, and potentially open doors for traditional financial institutions to enter. However, critics argue it may stifle innovation, violate property rights, cause management instability, and drive businesses to more crypto-friendly jurisdictions like Singapore or Dubai. The proposal reflects a broader effort to balance financial stability with industry growth, marking a pivotal moment in South Korea’s crypto regulatory landscape.

marsbit12/31 09:51

15% Equity Threshold: Governance Revolution and Capital Reshuffle in Korean Exchanges

marsbit12/31 09:51

Fed Meeting Minutes: 'Most' Officials Expect Further Rate Cuts Appropriate After December, Some Advocate Holding Steady 'For Some Time'

Federal Reserve December meeting minutes revealed a significant internal divide on interest rate policy. While a majority of officials supported the recent 25-basis-point rate cut and believed further cuts would be appropriate if inflation continues to decline as expected, a substantial faction advocated for pausing rate reductions "for some time." This group expressed concerns that progress on inflation had stalled and emphasized the need for greater confidence that inflation is moving sustainably toward the 2% target before easing policy further. The discussion highlighted a careful balancing of risks. Most participants viewed the shift to a more neutral policy stance as necessary to prevent a potential severe deterioration in the labor market, with many noting that tariff-related inflationary pressures had diminished. Conversely, several officials warned of the risk that high inflation could become entrenched, cautioning that additional rate reductions amid elevated price data might be misinterpreted as a weakened commitment to the inflation target. All participants agreed that future policy decisions will not be predetermined and will remain highly dependent on incoming data, the evolving economic outlook, and the balance of risks. The minutes also noted that reserve balances have declined to ample levels, and the Committee will conduct purchases of Treasury bills as necessary to maintain an ample supply of reserves.

marsbit12/31 03:23

Fed Meeting Minutes: 'Most' Officials Expect Further Rate Cuts Appropriate After December, Some Advocate Holding Steady 'For Some Time'

marsbit12/31 03:23

2025 Global Crypto Regulatory Map: The Dawn of the Co-optation Era, The Year Crypto and TradFi Converged

The year 2025 marks a pivotal turning point for global crypto regulation, shifting from a period of "wild growth" to the beginning of an era of institutional "incorporation." This transition is characterized by a fundamental change in regulatory logic across major economies, moving crypto from the fringes into the mainstream financial system. In the U.S., a significant policy reversal occurred with the new administration. The SEC ended its aggressive enforcement-based approach under new leadership, and the passage of the GENIUS Act established a federal framework for stablecoins, granting holders priority claims in case of issuer bankruptcy. The U.S. also officially recognized Bitcoin as a strategic national asset. The EU fully implemented its MiCA framework, creating a unified regulatory landscape with high compliance costs that forced smaller players out of the market. It also exhibited "monetary protectionism" by imposing strict limits on non-euro stablecoins. Hong Kong adopted an aggressive strategy, enacting its Stablecoin Ordinance and positioning itself as a hub for institutional-grade asset clearing and RWA tokenization, creating a unique bridge between Chinese and international capital. Japan signaled a major shift by proposing to drastically reduce crypto taxation from 55% to 20%, aligning it with stocks, in an effort to reclaim its position in Asian crypto finance. The overarching theme of 2025 is "incorporation." Regulators are no longer trying to eliminate crypto but are instead systematically integrating it into the existing financial landscape under clear, auditable rules. This has triggered a massive reshuffling in the stablecoin sector, which sits at the intersection of Crypto and TradFi (Traditional Finance). The market is splitting into compliant, "whitelisted" stablecoins for payments and a parallel ecosystem of crypto-native stablecoins focused on decentralization. The conclusion is clear: compliance is not the end goal but a necessary gateway for Web3 to access trillion-dollar markets. The key challenge for participants is to discern between temporary noise and the foundational changes that will shape the future.

marsbit12/30 14:00

2025 Global Crypto Regulatory Map: The Dawn of the Co-optation Era, The Year Crypto and TradFi Converged

marsbit12/30 14:00

South Korea Crypto Bill Stalls Amid Stablecoin Rule Disputes

South Korea's Digital Asset Basic Act, a key piece of cryptocurrency legislation, has been delayed into next year due to a policy deadlock among regulators. The primary disagreement centers on stablecoin regulations, specifically over which entities should be permitted to issue them. The Bank of Korea advocates for banks to be the primary, if not exclusive, issuers to protect monetary stability. In contrast, the Financial Services Commission (FSC) opposes rigid rules that could exclude non-bank fintech companies, arguing it would stifle competition and innovation. Further tensions exist over the oversight structure for these assets. Despite this regulatory slowdown, the country shows signs of a broader crypto thaw, including lifted investment restrictions for venture capital firms and Binance's re-entry into the market.

TheNewsCrypto12/30 13:24

South Korea Crypto Bill Stalls Amid Stablecoin Rule Disputes

TheNewsCrypto12/30 13:24

Rep. Waters Calls for SEC Hearing Over Crypto Enforcement Shift

US Representative Maxine Waters has called for an oversight hearing with the US Securities and Exchange Commission (SEC), criticizing what she describes as a troubling shift in the agency’s enforcement approach toward the cryptocurrency industry. In a letter to the House Financial Services Committee, Waters expressed concern over the lack of congressional oversight and transparency under SEC Chair Paul Atkins, contrasting it with the more frequent testimonies given by former chairman Gary Gensler. Waters highlighted the SEC’s decision to drop several high-profile enforcement cases—including those involving Coinbase, Binance, and entrepreneur Justin Sun—as particularly alarming. She warned that these actions risk undermining investor confidence and the agency’s ability to combat fraud. Since Atkins took office in April, the SEC has adopted a more crypto-friendly stance, easing regulations and halting certain lawsuits. Waters questioned whether political influence may be affecting the SEC’s independence and urged the committee to demand greater clarity and accountability to protect investors in the digital asset market.

TheNewsCrypto12/30 11:39

Rep. Waters Calls for SEC Hearing Over Crypto Enforcement Shift

TheNewsCrypto12/30 11:39

2025 Global Crypto Regulatory Map: The Dawn of the Co-optation Era, The Year Crypto and TradFi Converged

2025 marks a pivotal turning point for the global crypto industry, transitioning from a period of unregulated growth into an era of institutional integration. The U.S. led a significant regulatory shift with the passage of the GENIUS Act, establishing a federal framework for stablecoins and recognizing crypto as a distinct asset class. Under new SEC leadership, the aggressive enforcement approach was replaced with compliance-friendly policies, including innovation exemptions for DeFi and DAOs. Meanwhile, the EU fully implemented MiCA, raising compliance standards and consolidating oversight across member states, though at the cost of pushing out smaller players. Hong Kong enacted its Stablecoin Ordinance, positioning itself as a hub for institutional crypto and real-world asset (RWA) tokenization, while Japan proposed major tax reductions to attract crypto investment. The overarching theme is “incorporation”—regulators are systematically integrating crypto into traditional financial systems. Stablecoins are at the forefront of this change, facing new compliance requirements and market reshuffling. While regulation brings legitimacy and institutional capital, it also challenges crypto’s decentralized ethos. The industry must now navigate this new landscape, balancing compliance with innovation.

marsbit12/29 10:07

2025 Global Crypto Regulatory Map: The Dawn of the Co-optation Era, The Year Crypto and TradFi Converged

marsbit12/29 10:07

Bitcoin’s Long Game Is Winning, Even If The Short Term Looks Messy—CEO

Bitcoin's price has declined around 27% from its October all-time high, trading near $88,750, amid net outflows from US spot Bitcoin ETFs and a record-sized options expiry that suppressed volatility. Market sentiment remains in "Extreme Fear," reflecting short-term pressure. However, executives like Phong Le of Strategy emphasize strong long-term fundamentals, citing solid market conditions and policy progress, including a US executive order for a Strategic Bitcoin Reserve. Despite institutional interest and clearer regulatory signals, short-term factors like ETF outflows and persistent fear keep the market volatile and range-bound.

bitcoinist12/26 11:14

Bitcoin’s Long Game Is Winning, Even If The Short Term Looks Messy—CEO

bitcoinist12/26 11:14

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