ChainCatcher news, according to decrypt, U.S. President Trump has signed the bipartisan "Take It Down Act" into law. This legislation classifies the non-consensual online publication of intimate images (including real images or AI-generated images) and deepfake pornographic content as a criminal offense, and requires major tech platforms to remove such content within 48 hours of receiving a notice.First Lady Melania Trump called the legislation a "national victory" for protecting children from online exploitation. Victims of deepfakes and revenge porn will now be protected under U.S. federal law.

ChainCatcher news, according to crypto reporter Eleanor Terrett, the Senate has received a text of the bipartisan amendment to the stablecoin "GENIUS Act." According to two Senate sources familiar with the matter, the amendment includes new changes regarding consumer protection, bankruptcy, and ethics.

ChainCatcher news, according to Bloomberg, bipartisan senators in the U.S. are accelerating the push for a "rebirth" of stablecoin legislation supported by the crypto industry. Previously, the legislation was stalled due to controversies surrounding Trump's crypto investment portfolio. The primary Republican sponsor, Tennessee Senator Bill Hagerty, stated at the Capitol that both parties are continuing to advance the legislation, hoping for a vote by the Democrats before the holiday recess on May 26, as the Senate will focus on the Republican tax plan. He bluntly said, "It's time to see if reason can prevail."Progressive Democrats like Elizabeth Warren are pushing to ban officials like Trump from profiting from crypto investments during their terms, which has been rejected by Republicans. Chuck Schumer and others have complained that there is no public text for the bipartisan compromise. The primary Democratic sponsor, Maryland Senator Angela Alsobrooks, stated that senators are working hard, and she and four other Democrats have voted in favor in the Banking Committee. In the Senate, most legislation requires 60 votes, making Democratic support crucial. Executives from the crypto industry, such as the CEO of Coinbase, are pushing to resolve the deadlock, and the digital asset industry spent heavily last year to elect crypto-friendly lawmakers, a trend that may continue into the 2026 midterm elections.

ChainCatcher news, according to The Block, South Korean right-wing presidential candidate Kim Moon-soo officially announced on Monday his support for the adoption of a spot cryptocurrency ETF in South Korea as part of his campaign promise.Previously, left-wing Democratic Party candidate Lee Jae-myung also pledged to introduce a spot crypto ETF. The two major party candidates have formed a bipartisan consensus aimed at promoting wealth accumulation for the middle class and providing more opportunities for the younger generation. The chairman of the Financial Services Commission of South Korea stated that discussions on the implementation plan will be held with the new government. The success of the U.S. spot crypto ETF (with net inflows exceeding $43 billion) has become a key factor in prompting South Korea to reconsider such products. The South Korean presidential election is scheduled for June 3, 2025.

According to ChainCatcher news and The Block report, the U.S. Senate is set to hold a key vote on the GENIUS stablecoin bill on Thursday. The bill requires stablecoins to be fully backed by liquid assets such as U.S. dollars and short-term government bonds. With 60 votes needed for passage, Republicans must seek support from Democrats. Currently, several Democratic senators have expressed opposition due to concerns over foreign asset regulation and insufficient anti-money laundering provisions, and there are also divisions within the Republican Party. Meanwhile, Democrats are investigating the connections between Trump and the cryptocurrency industry.

ChainCatcher news, according to Politico, Maxine Waters (Democrat from California), the top Democrat on the House Financial Services Committee, plans to obstruct the joint hearing on the cryptocurrency market structure bill on May 6. Since the joint hearing requires unanimous consent, this move could lead to the meeting's failure. Waters subsequently plans to hold a "shadow hearing" with some Democratic members, focusing on the Trump family's entanglements with the cryptocurrency industry.This confrontation stems from a regulatory framework draft for the cryptocurrency market pushed by Republicans, which proposes to allocate regulatory authority over digital assets to different market regulatory agencies. Last Saturday, Waters called Republican committee chairman French Hill (Republican from Arkansas), demanding that provisions targeting the Trump family's cryptocurrency business be included in the legislation, or she would obstruct the hearing.The cryptocurrency positions of the Democratic and Republican parties in the U.S. are diverging. Republicans insist that legislation should remain neutral, with Wisconsin Congressman Bryan Steil emphasizing that "the bill imposes uniform requirements on all issuers." Meanwhile, Democrats continue to use "potential conflicts of interest involving the Trump family" as a reason to delay the Republican-led friendly legislation process for the cryptocurrency industry. The hearing was originally scheduled to discuss the Republican proposal to establish the first comprehensive regulatory framework for cryptocurrency assets in the U.S. The Trump family's recent business activities in the cryptocurrency space—including their official meme coin TRUMP and related DeFi project investments—are becoming a primary target for Democrats to attack the legislative motives of Republicans.

ChainCatcher news, according to Cointelegraph, U.S. crypto-friendly Senator Cynthia Lummis stated at the first hearing of the Senate Banking Committee on Digital Assets yesterday: "We are about to establish a bipartisan legislative framework for stablecoins and market structure."

ChainCatcher news, U.S. Senate Banking Committee Chair Cynthia Lummis posted on the X platform calling for the United States to launch a bipartisan-supported regulatory framework for stablecoins, as the stablecoin race has already begun and the U.S. is falling behind.

ChainCatcher news, according to The Block, the U.S. House Financial Services Committee held a hearing on digital assets on February 11. Republican Congressman Tom Emmer stated that crypto technology shifts economic power from central institutions back to the people. Democratic lawmakers expressed concerns about the meme coin launched by Trump, with Sean Casten stating that it lacks real value.Regarding stablecoin regulation, Committee Chairman French Hill and Democratic leader Maxine Waters proposed regulatory frameworks. Investment bank TD Cowen believes that bipartisan proposals are likely to reach a consensus, but specific legislation is expected to be delayed until the end of the year.

ChainCatcher News, bipartisan members of the U.S. House of Representatives have introduced a resolution supporting blockchain technology and digital assets.On February 5, Dusty Johnson (Republican-South Dakota), Chairman of the House Agriculture Committee's Subcommittee on Commodity Markets, Digital Assets, and Rural Development, along with Ranking Member Don Davis (Democrat-North Carolina), Bryan Steil (Republican-Wisconsin), Chairman of the House Financial Services Committee's Subcommittee on Digital Assets, Financial Technology, and Inclusion, and Ranking Member Ritchie Torres (Democrat-New York) announced the proposal.The resolution highlights the economic potential of digital assets, the necessity for regulatory clarity, and the role of blockchain in enhancing transparency and efficiency. It also warns that without clear regulations, the U.S. risks losing innovation to countries with more defined legal frameworks. Following the resolution's introduction, lawmakers issued statements emphasizing the urgency of regulatory action.

ChainCatcher news, Cardano co-founder Charles Hoskinson plans to meet with Democratic senators to promote a bipartisan crypto agenda. Hoskinson posted on X that he will be having talks with senators including Pennsylvania's John Fetterman to make cryptocurrency a bipartisan issue.Charles Hoskinson stated, "Many leaders believe that Warren and Biden's understanding of crypto is wrong, and it's time to bring them into this family." Although Ohio Senator Sherrod Brown failed to secure a fourth term, Massachusetts Senator Elizabeth Warren was re-elected and remains a strong voice against cryptocurrency.In response to a post by Senator John Fetterman, Hoskinson remarked that Trump's victory was due to his protection of the American way of life. Fetterman added, "Trump is not the fascist that Harris claims." He mentioned that he knows many Democrats in Pennsylvania who voted for Trump. Additionally, Hoskinson pointed out that he will begin negotiations with Democrats starting next year.

ChainCatcher news, according to Decrypt, Coinbase's Vice President of Enterprise and Business Development Shan Aggarwal stated that there has been a "shift" in negotiations between Coinbase and traditional financial institutions over the past six to nine months, which is accelerating, especially as issues related to cryptocurrency in the U.S. gain more support from both Republicans and Democrats. The dialogue could ultimately attract more traditional financial institutions into Web3, driving the mass adoption of digital assets.

ChainCatcher news, according to CoinDesk, the decentralized venture capital firm Maelstrom, supported by Arthur Hayes' family office, announced Jon Atack as the second recipient of its Bitcoin funding program.It is reported that Atack started contributing to Bitcoin Core in 2019 and was recently appointed as the maintainer and editor of the Bitcoin Improvement Proposal (BIP) repository.

ChainCatcher news, according to Fox reporter Eleanor Terrett, Senator Chuck Schumer sent a letter to his Senate colleagues mentioning the priorities for bipartisan legislation in the remaining months of Congress. Cryptocurrency legislation was not mentioned, but artificial intelligence was listed as a priority. This contrasts with his assertion during the Crypto4Harris town hall that cryptocurrency legislation would be an urgent priority.

ChainCatcher news, privacy-focused fintech company Biptap announced the completion of a $2 million Pre-Seed funding round. The names of the investors have not been disclosed, but it is reported that they include several Web3 decentralized investment funds, a travel service provider with a network of 2.5 million hotels, a crypto technology company that once owned a MotoG racing team, and a former founder of a crypto investment fund. Currently, its business mainly operates in the Web3 space, and the new funds will be used to expand its business into markets beyond Web3, ensuring that users can control their financial transactions with privacy at the core.

ChainCatcher news, former White House Communications Director Anthony Scaramucci emphasized the necessity of bipartisan cooperation in the crypto space and pointed out that in the long run, Scaramucci stated that Harris has shown support for the crypto industry and hinted at significant changes under her administration. He said, "Harris has an open attitude towards cryptocurrency. She is not dictating the cryptocurrency policy of the Biden administration. Harris and Warren (Elizabeth Warren) are not close. Gary Gensler will be fired, and Warren will serve as the financial services 'czar' in the Harris administration. Let's maintain bipartisan cooperation in cryptocurrency, as this is healthier for the ecosystem in the long run."Ripple CEO Brad Garlinghouse also expressed an open attitude towards Harris's potential cryptocurrency policies. He suggested not to judge candidates solely based on party affiliation and emphasized the importance of policy proposals.

ChainCatcher news, Bitcoin Magazine CEO David Bailey stated on his social platform that the media is trying to undermine Trump's support for Bitcoin through his donations to the crypto industry. However, what they fail to realize is that the crypto industry is proving to the world that "if you cooperate with the crypto industry, we will strongly support you; otherwise, we will end your career."After this election, Bitcoin will receive bipartisan support in the U.S. out of political necessity.