bills

The Speaker of the Polish Sejm, Włodzimierz Czarzasty, announced that the parliament has officially begun reviewing four competing regulatory bills for crypto assets, following President Karol Nawrocki's veto of related legislation twice. This review involves multiple legislative proposals from the government, the presidential office, the Poland 2050 party, and the Confederation party, with a second reading vote expected to take place on Thursday. The core disagreement centers on the scope of the Polish Financial Supervision Authority (KNF) regarding account freezing powers and the maximum penalties for violations. The presidential draft sets the maximum fine at approximately 20 million zlotys (about 5.5 million USD), while the Ministry of Finance's version raises it to 25 million zlotys (about 6.9 million USD).Meanwhile, the opposition Law and Justice party (PiS), after withdrawing support for earlier regulatory proposals, submitted a separate bill on Monday advocating for a complete ban on crypto asset-related activities in Poland, further complicating the regulatory discussion. Speaker Czarzasty stated that the PiS ban draft will enter the review process only after the four main regulatory bills are completed and questioned the connection between crypto industry funding and political activities, specifically inquiring about potential political financing issues, including those involving zondacrypto.

NASDAQ-listed Bitcoin mining company MARA Holdings has initiated a consent solicitation process for holders of its $600 million senior secured notes to amend certain covenant terms.MARA had previously signed an agreement on April 29 to acquire 100% of the parent company of Long Ridge. Since this transaction would trigger the "change of control" clause in the notes, it theoretically requires a cash buyback of all outstanding notes at 101% of the price. MARA is seeking the consent of noteholders to exclude this transaction from the definition of "change of control" and to designate MARA and its affiliates as "permitted holders."

According to market news, the Japanese cryptocurrency exchange platform Bitbank has launched a cryptocurrency-linked credit card that allows users to pay bills directly using the assets in their exchange accounts, including settling with Bitcoin.This credit card also offers a 0.5% cryptocurrency cashback on monthly spending. The product is launched by Bitbank and aims to use the cryptocurrency assets held by the exchange for everyday payment scenarios.

According to Cointelegraph, two cryptocurrency bills in Arizona have passed the House Rules Committee and are about to enter a full vote in the House. The SB1042 bill allows state funds to invest up to 10% of their funds in cryptocurrencies, while the SB1649 bill will establish a digital asset reserve fund.

US President Trump stated at the Republican conference in Florida that he would refuse to sign any other legislation until Congress approves the "SAVE America Act" (a bill regarding voter identification, citizen verification, and restrictions on mail-in ballots).This statement may hinder the long-awaited Digital Asset Market Clarity Act for the crypto industry. This crypto bill is currently undergoing difficult negotiations in the Senate Banking Committee, having previously passed through the Senate Agriculture Committee.Although Trump has been calling for improvements to the crypto regulatory framework since early last year and considers it a White House priority, he is currently insisting that the voter identification bill is the top priority, claiming that this bill is key to ensuring Republican victories in the midterm elections and beyond.

According to official news, Citibank announced that it has tokenized a bill of exchange and completed its entire lifecycle (from issuance to settlement) on the Solana blockchain.

According to the Hong Kong Government News Bulletin, the Financial Services and the Treasury Bureau and the Securities and Futures Commission are formulating the regulatory details for virtual asset trading and custody services. The goal is to submit a bill to the Legislative Council this year regarding the regulation of four types of service providers related to virtual assets, including opinions on virtual assets and virtual asset management services. In addition, the Hong Kong "Stablecoin Ordinance" officially came into effect in August 2025, and the Monetary Authority is currently processing related license applications.In establishing an international gold trading market, Hong Kong has set a target to expand gold storage by over 2,000 tons within three years to build a regional gold reserve hub. The Hong Kong Central Clearing System, wholly owned by the government, has been established, and the target clearing system is set to commence trial operations within this year. Furthermore, the Financial Services and the Treasury Bureau is studying the optimization of tax relief measures related to the treasury center and exploring the possibility of shortening the stock settlement cycle from the current T+2 to T+1.

Florida State Representative Joe Gruters submitted bills SB 1038 and SB 1040. Bill SB 1038 proposes the establishment of a Florida Strategic Cryptocurrency Reserve under the Office of the Chief Financial Officer, while bill SB 1040 proposes the establishment of a Florida Cryptocurrency Reserve Trust Fund, outlining its sources and uses of funding.The effective date for both bills is July 1, 2026, provided that SB 1040 and SB 1038 or similar legislation is enacted, and such legislation must be passed and become law during the same legislative session or its extended session.

According to official news, the OKX 2025 Annual Report is now officially online. Users can not only unlock their personal exclusive annual titles but also participate in activities to win multiple grand prizes. Specifically, users can follow the activity rules published by the OKX Chinese official Twitter, complete designated retweet tasks, and share the exchange or Web3 annual report for a chance to participate in the lottery. After the event ends, the OKX Chinese official Twitter will select 1 loyal fan to receive a spot for the New Year's dinner, and will also draw 50 users to receive luxurious merchandise gift boxes, 2025u airdrop positions, 66U, and various other rewards.It is reported that the OKX Annual Report covers two main sections: the exchange and the Web3 wallet, presenting users' trading journey throughout the year with multi-dimensional and diversified data, helping users to comprehensively review and summarize. Users who upgrade the OKX APP to version 6.69.0 or above can immediately view their exclusive annual report.

According to Jinshi, Federal Reserve Chairman Powell stated that purchasing short-term Treasury bills is to support effective control of the policy interest rate.

According to Jinshi reports, the Federal Reserve FOMC statement will purchase $40 billion in Treasury bonds over the next 30 days.

According to Jinshi reports, the Federal Reserve FOMC statement will begin purchasing Treasury bills on December 12.

The top official of the Monetary Authority of Singapore (MAS) stated on Thursday that the Singapore central bank plans to advance the construction of a scalable and secure tokenized financial ecosystem. To this end, a pilot for tokenized MAS bill issuance will be launched next year, along with the introduction of relevant laws to regulate stablecoins.Chia Der Jiun, the Director of the Monetary Authority of Singapore, pointed out at the Singapore FinTech Festival: "Tokenization has begun, but has asset-backed tokens reached 'escape velocity'? Not yet." He mentioned that the MAS has been refining the details of the stablecoin regulatory framework and will subsequently draft relevant legislative proposals, with a core focus on "robust reserve asset support and reliable redemption mechanisms." Chia Der Jiun also added that the MAS is simultaneously supporting various pilot projects under the "Blue Initiative," which aims to explore the use of tokenized bank liabilities and regulated stablecoins for settlement.

ChainCatcher news, according to Cointelegraph, Illinois Governor JB Pritzker has signed the Digital Asset and Consumer Protection Act (SB 1797) and the Digital Asset Self-Service Terminal Act (SB 2319).The former authorizes the state’s Department of Financial and Professional Regulation to oversee digital asset exchanges and related businesses, requiring them to maintain sufficient financial resources and implement cybersecurity measures; the latter addresses cryptocurrency ATMs, stipulating that operators must register, provide full refunds to scam victims, limit transaction fees to no more than 18%, and restrict new users to a daily transaction limit of $2,500.

ChainCatcher news, according to Cointelegraph, Logan Payne, a lawyer at Winston & Strawn specializing in the cryptocurrency field, analyzed the three upcoming cryptocurrency bills and stated that the GENIUS bill may bring uncertainty to how DeFi platforms handle stablecoins. "How GENIUS will affect DeFi, at least for now, we have intentionally left some mysteries unsolved, and there will still be a lot of uncertainty in the future, but in the overall policy environment, if this trend continues, we will gradually get some answers over time."Payne stated, "In the coming years, more legislation will be introduced, and some regulations will be enacted to fill some gaps in the DeFi space."

According to ChainCatcher, on Thursday local time, the U.S. House of Representatives passed three pieces of cryptocurrency-related legislation: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act.The CLARITY Act and the Anti-CBDC Surveillance State Act will be sent to the Senate for consideration. The GENIUS Act is expected to be officially signed into law by Trump on Friday local time. (Jin Shi)

ChainCatcher news, encrypted journalist Eleanor Terrett posted on the X platform stating that according to the voting schedule released by House Majority Leader Steve Scalise, the U.S. House of Representatives will hold a procedural vote this afternoon local time to determine the terms for floor debate on the GENIUS, CLARITY, and Anti-CBDC bills, which were reviewed by the Rules Committee yesterday. The final vote may take place tomorrow or Thursday.

ChainCatcher news, encrypted journalist Eleanor Terrett posted on the X platform stating that according to the voting schedule released by House Majority Leader Steve Scalise, the U.S. House of Representatives will hold a procedural vote this afternoon local time to determine the terms for floor debate on the GENIUS, CLARITY, and Anti-CBDC bills.These three bills were previously reviewed by the Rules Committee yesterday, and the final vote may take place tomorrow or Thursday.