AICoin Daily Report (February 5)

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1. Trump's Crypto Policy May Disrupt Payment Networks

Caitlin Long, CEO of Custodia Bank, elaborated on the current state of crypto banking and explained how Trump's crypto initiatives could lead to the disruption of public payment networks. -Original

2. Tether Issues 1 Billion USDT on TRX Chain

On February 5th at 01:06 (UTC+8), Tether issued 1 billion USDT on the TRX chain, transaction hash: 359f56a939fbdf3cddd03c630650b5da43dff2b69ed5ab53d4fe9019ff91846d. Note: The above data is sourced from OKLink. -Original

3. Trump's Crypto Czar Considers Bitcoin Reserves

David Sacks, the newly appointed "crypto czar" by President Trump, outlined the government's pro-crypto agenda and confirmed that evaluating strategic Bitcoin reserves is a top priority. Meanwhile, Trump signed an executive order to establish a sovereign wealth fund, and analysts speculate that Bitcoin may become one of its strategic assets. -Original

4. 1.07 Billion USDC Flowing into Exchanges May Indicate Bottom

Cryptoquant analyst Maartunn released a chart report indicating that over 1.07 billion USDC flowed into centralized trading platforms today. Historical data shows that an increase in USDC on trading platforms typically has a positive impact on Bitcoin's price. For example, similar transactions occurred daily after the FTX collapse in December 2022, ultimately aligning with the characteristics of a bear market bottom. Around 5:00 PM today, over 1 billion USDC transferred to trading platforms, with most (875 million USD) flowing into Coinbase. While certainty is not 100%, this is very similar to transactions by large institutional participants. -Original

5. SEC Reduces Cryptocurrency Enforcement Efforts

6. U.S. SEC Launches Crypto Special Task Force

The U.S. Securities and Exchange Commission (SEC) has established a new cryptocurrency task force that will undertake a series of priority tasks as the agency takes a different direction than in previous years. The task force, led by Republican Commissioner Hester Peirce, will work to distinguish which "crypto assets" qualify as securities, potentially changing the way companies register and providing clear statements when approving or denying exchange-traded products. Peirce outlined her task list in a statement on Tuesday, along with a link to the cryptocurrency task force, noting that the list is not exhaustive. One of the priority tasks is to classify certain tokens as "non-securities." Peirce stated, "The task force is also considering recommending that the Commission take action to provide temporary forward-looking and retroactive exemptions for certain token issuances, provided that the issuing entity or other responsible entities provide specific information, keep the information updated, and agree not to challenge the Commission's jurisdiction in cases involving asset sale fraud." Peirce added, "We will collaborate with other federal agencies, state securities regulators, and international counterparts, inviting builders, enthusiasts, and skeptics to engage with us to determine what the final rules should be and what temporary measures can be taken in the meantime to promote innovation." Earlier today, The New York Times reported that the U.S. SEC is scaling back its enforcement efforts in the cryptocurrency space. -Original

7. U.S. Legislators Draft Crypto Legislation

U.S. lawmakers are forming a task force that includes members from key committees in both the House and Senate to develop a regulatory framework for digital assets and stablecoins. At a press conference on Tuesday, David Sacks, head of AI and cryptocurrency affairs at the White House, announced the formation of this bipartisan task force alongside Senate Banking Committee Chair Tim Scott, Senate Agriculture Committee Chair John Boozman, House Financial Services Committee Chair French Hill, and House Agriculture Committee Chair G.T. Thompson. The Senate has already been advancing regulatory work on stablecoins. Senator Bill Hagerty introduced a bill on Tuesday aimed at creating a regulatory framework, including parameters for whether issuers are regulated by the federal or state government. Hill stated that future stablecoin legislation will be "very similar" to the Senate's proposal. Hill emphasized that future legislation to regulate the overall market structure of cryptocurrencies will resemble the "Financial Innovation and Technology Act of the 21st Century" (FIT21) and highlighted its bipartisan support. -Original

8. Circle Issues 250 Million USDC on Solana

Circle issued 250 million USDC on the Solana chain 2 hours ago. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com).

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