proposal

The New Zealand FMA plans to exclude eligible New Zealand dollar-backed stablecoins from the classification of financial products, with the consultation closing on December 18.

The U.S. Treasury and the Federal Reserve have withdrawn a previously proposed rule draft that aimed to lower the threshold for the "Travel Rule" regarding cross-border fund transfers from $3,000 to $250. After the withdrawal, the $3,000 threshold continues to apply, including for eligible cryptocurrency transfers under current FinCEN guidelines.The proposal was jointly issued by FinCEN and the Federal Reserve in 2020 and applies to fund transfers and remittances that originate or terminate outside the United States, while the domestic transaction threshold remains unchanged at $3,000. The proposal also clarifies that the relevant rules apply to convertible virtual currency transactions and digital assets with legal tender status, and requires financial institutions to collect, retain, and transmit specific transaction information as mandated.

The proposal from the U.S. SEC regarding amendments to the financial responsibility, recordkeeping, and reporting rules for cryptocurrency asset brokers has been submitted for review by the White House.

According to a report by The New York Times, Iran is reviewing the specific proposals on the nuclear issue put forward by the mediators, indicating that the U.S.-Iran diplomatic mediation led by Qatar has made progress.In the past week, Qatar has held multiple rounds of talks in Tehran and Doha. Iran has demanded measures including the unfreezing of assets and the lifting of oil sanctions. The U.S. and Israeli military have developed a target list for strikes against Iran, and Iran has warned that if it is attacked again, it will expand the scope of its retaliation.

The Polygon community has proposed a draft proposal PIP-93, aiming to integrate the Protocol Council, Polygon PoS, and AggLayer multi-signature into a unified Polygon Security Council.The committee consists of 11 signatories sent by 10 institutions, adopting an 8/11 multi-signature strategy, covering Ethereum and Polygon; Polygon Labs occupies 2 seats, while the other institutions each occupy 1 seat, including Sherlock, Hexens, Sigma Prime, Curve, QuickSwap, EthCC, L2Beat, and Coinbase.Daily upgrades and parameter changes can be proposed by the Polygon Labs Operations multi-signature with a 7-day time lock, and the security council can veto during the window period, or skip the time lock for immediate execution or contract suspension removal. The proposal aims to replace the governance structure established by PIP-29, changing to only publicly holding the list of institutions with seats, no longer disclosing the identities of individual signatories; it is currently in Draft status.

According to Cointelegraph, the French National Assembly voted down the "revenue" portion of the national budget for 2027 on Wednesday evening, resulting in the removal of three cryptocurrency-related amendments that had previously been included in the bill. These amendments will no longer be part of the version of the bill that will be submitted to the Senate, but there is still a possibility that they could be reintroduced during the Senate review stage in the future.The National Assembly had previously passed three amendments related to cryptocurrency. On October 16, lawmakers passed an amendment that included the profits generated from exchanging cryptocurrencies for stablecoins within the scope of taxation. On Tuesday, lawmakers passed another amendment requiring taxpayers to declare their self-custodied crypto assets; if the total reaches or exceeds 100,000 euros (approximately 112,000 dollars), it must be declared, with the assessment benchmark date being December 31 of the tax year.Additionally, another amendment proposed that if cryptocurrency platforms fail to provide relevant information as required by tax authorities, the amount of fines they face will increase from 10,000 euros to 50,000 euros.

According to the improvement proposal (PIP) disclosed by the Polygon community forum, a member proposed to zero out approximately 70.49 million native POL (approximately 6.5 million USD at about 0.0924 USD on October 29) from the addresses on the blacklist through a hard fork of the Polygon PoS mainnet and transfer it to a designated recovery address. Among these, approximately 23.86 million are related to Polymarket, and approximately 46.63 million are related to Binance, with the total supply remaining unchanged.The proposal is scheduled to be introduced at the protocol governance meeting on November 5 at 22:30 Beijing time, with the activation block and client version to be determined.

The Zcash Community Grant Committee (ZCG) has announced that it has decided not to proceed with the proposal put forward on October 29, which aimed to allocate approximately 98,000 ZEC as future mining rewards. The committee stated that subsequent funding arrangements should be determined through Zcash's existing governance processes. ZCG currently automatically receives 8% of newly issued ZEC, amounting to about 144 coins per day, and the treasury size is sufficient to support expenditures for many years, although its funding model and accountability have recently sparked controversy within the community.According to the original proposal, the committee intended to allocate 36,200 ZEC from its treasury of approximately 91,500 ZEC to inject into a sustainable network mechanism to supplement miner block rewards, thereby reducing the expected income until the halving in 2028. Co-founder Sean Bowe, founder Zooko Wilcox, and developer Daira-Emma Hopwood have proposed various alternatives, such as terminating automatic grants, restructuring the use of funds, or focusing on promoting the use of ZEC, but none have been approved yet. Until the network upgrade changes the rules, ZCG will continue to receive approximately 144 ZEC daily.

The voting for the SIP-6 proposal on the Sei network has reached the quorum requirement. This proposal involves an upgrade to the consensus mechanism named Autobahn. According to the proposal design, validators will be able to propose transactions simultaneously, rather than submitting proposals one by one.Approval of the vote does not mean that the functionality will be immediately online. According to the proposal content, Sei must first complete the operational verification of the public testnet and pass a security audit before activating Autobahn. Both of these prerequisites must be completed prior to the official launch. The actual deployment depends on the performance of the testnet and the audit results.

According to a report by Reuters, an official familiar with the negotiations revealed that the Qatari mediators expect to receive feedback from the United States and Iran on a new proposal aimed at advancing the negotiations within 36 hours.

The proposal number 108 of the TRON network has been officially approved and is now in effect. The smart contract storage operation optimization introduced in version GreatVoyage-v4.8.2.4 (Empedocles) is now synchronized and enabled. This update further optimizes contract storage-related operations, helping to improve processing consistency and stability in relevant execution scenarios.With the official implementation of proposal number 108, the TRON network has further enhanced contract execution stability and node operation reliability, providing developers and ecological applications with a more stable underlying operating environment.

The French National Assembly has once again postponed the vote on the revenue portion of the 2027 national budget, marking the second delay of this vote. According to the notice of the end of the parliamentary session, Tuesday's agenda includes questioning the government and continuing the debate on the revenue portion of the budget, with 758 amendments still pending review. The vote originally scheduled for October 20 was postponed due to over 2,000 amendments awaiting debate. The Assembly must complete the first reading by midnight on November 17; if the revenue portion is rejected, the government's original budget proposal will be submitted directly to the Senate without the amendments approved by the members.Regarding cryptocurrency taxation, lawmakers rejected two proposals last Friday. The first proposal aimed to include cryptocurrency assets in France's current exit tax system, with a voting result of 27 votes in favor, 55 votes against, and 1 abstention. The second proposal sought to tax unrealized gains on household cryptocurrency assets valued over 800,000 euros (approximately 897,000 USD), applicable to taxpayers who have been French tax residents for at least 6 of the past 10 years, with a voting result of 31 votes in favor and 60 votes against.Other cryptocurrency-related proposals are still pending debate, including a requirement for taxpayers to report self-custodied cryptocurrency assets with a total value of at least 100,000 euros (approximately 112,000 USD) to the tax authorities based on year-end value; and an exemption from related capital gains tax if the total amount of cryptocurrency payments used for goods and services during the tax year does not exceed 1,000 euros (approximately 1,120 USD). The Assembly passed a proposal on October 16 to tax gains when cryptocurrency assets are exchanged for fiat currency-backed stablecoins, but this measure has not yet become law.

The Akash community approved the migration of the Akash protocol from the Cosmos independent chain akashnet-2 to the Solana mainnet through governance proposal 346. On-chain data shows that the proposal passed with approximately 97% in favor and a voter turnout of about 68.8%. Akash is an open computing platform aimed at the AI and inference era, gathering distributed computing power supply through a decentralized computing market.The proposal authorizes AKT to be issued as SPL tokens on Solana after the audit is completed at the token and migration portal, and opens a two-year one-way migration portal, allowing AKT holders to migrate to SPL AKT at a 1:1 ratio. Two independent code audits must be completed before the launch, expected to take place within 2 to 3 weeks after the proposal passes. After the migration is completed, the computing power trading market Akash Marketplace, the AI inference platform AkashML, and Akash Homenode will be natively deployed on Solana.The Akash team stated that the reasons for choosing Solana include lower transaction costs, a mature DePIN ecosystem, liquidity, and a large on-chain user base. The proposal did not set a date for the switch of the computing power market; the market migration will still need to be decided by a separate governance vote after the audits and migration rehearsals are passed, and subsequent on-chain decisions will involve market switch proposals, upgrade toggles, and downtime upgrades.

The p-ATA improvement proposal for Solana has been merged, aiming to replace the existing associated token account program to reduce computational unit consumption.

According to The Defiant, developer nicolashw submitted a draft Ethereum Improvement Proposal on October 30, which aims to allow external accounts (EOA) to permanently disable the delegation feature of EIP-7702 while retaining the original address, regular transfer, and contract call capabilities.This operation is irreversible and, unlike simply clearing the current delegation, can prevent the account from authorizing smart contract code to run on its behalf in the future. However, it cannot prevent the transfer of funds after a private key leak, nor will it revoke existing token authorizations, and it may also affect account recovery and asset access that rely on the delegation feature.Currently, the draft has not been merged and has not received an official EIP number; if adopted later, it will still need to be activated through an Ethereum network upgrade.

The TRON network super representatives (SR) initiated the voting for proposal number 108, which aims to enable the smart contract storage optimization feature introduced in GreatVoyage-v4.8.2.4 (Empedocles). If the proposal passes smoothly, it is expected to take effect on November 2, further enhancing the stability and reliability of contract storage operations and improving the network's performance in relevant execution scenarios.In case of abnormal node block synchronization, please first check whether the node has been upgraded to version v4.8.2.4 and complete the version update in a timely manner to ensure normal synchronization of the node. Community developers can refer to the proposal discussion page for specific technical details and continue to monitor the voting and official implementation progress.

The current development fund model of Zcash (ZIP-1016) was proposed by joshs on the Zcash community forum, suggesting to terminate the Zcash development fund early before its scheduled expiration in November 2028.Currently, the development fund accounts for 20% of each block reward, with 12% going to the Coinholder Fund, which is distributed through retrospective funding voted on by coin holders every quarter; 8% goes to the Zcash Community Grant Committee (ZCG), composed of 5 elected community members. The total value of these two funds exceeds 300 million dollars.According to current rules, after the development fund expires, the entire block reward will belong to the miners. This proposal is a response to another proposal to "cancel the ZCG and retain the Coinholder Fund," which the poster believes is merely a compromise. The proposal is currently in the community discussion phase and has not yet entered the voting process.

EIP-8450 proposal update, intended to introduce a quantum-resistant public key registration mechanism for Ethereum validators, using a hash-based cryptographic scheme, including leanXMSS keys and VRF tree roots.The update clarifies that the registration and replacement of quantum-resistant keys are authorized by BLS signature keys, and sets a replacement delay of at least one Epoch and a replay protection mechanism; this proposal is currently still in the Draft stage and has not yet been deployed.

According to Decrypt, James Comer, the Chairman of the House Oversight Committee (Republican from Kentucky), has launched an investigation into a proposed company entity in Delaware that would be operated daily by AI entities.In a letter to Delaware Governor Matt Meyer, Comer stated that the proposed "Artificial Intelligence Company" (AIC) could exempt AI companies and their investors from liability for damages caused by AI entities, and he requested the governor to submit relevant documents and communications, including "internal AI chat logs," by November 9.The proposal was announced in July in a joint article in Fortune by Delaware Secretary of State Charuni Patibanda-Sanchez and Norm Ai CEO John Nay, positioning it as a public-private partnership led by Norm Ai.By design, the AIC could sue and be sued, hold property, and assume obligations under the direction of AI entities; its sole member must maintain sufficient capital and is not liable for the company's debts except in cases of incomplete capitalization, fraud, or willful misconduct. The AIC can only operate within a regulatory sandbox for 30 months, must disclose its identity to counterparties, and is prohibited from conducting banking activities.Comer also questioned the role of private sector participants in the proposal, stating that the Delaware AI Commission's report due in December 2025 did not mention a security risk assessment or consult independent experts, and the Secretary of State's office refused to clarify its relationship with an AI company involved in the project.He stated that this information could inform federal legislation, including proposals to limit state-level AI regulatory initiatives. The Secretary of State's office denied that the plan is a liability waiver arrangement, and Governor Meyer defended it, with state legislators expected to review the legislative proposal in January.

The funding scale of the Zcash development grant program continues to expand, with the current net funding estimated at approximately 125 million USD, far exceeding current expenditure needs. Sean Bowe, co-founder of Zcash and current head of Tachyon, has proposed a draft suggesting the termination of the current 8% block reward allocated to ZCG in a future network upgrade.There are currently four proposals in the community regarding the development funding mechanism, which involve terminating ZCG grants, canceling the entire development fund grant mechanism, or gradually reducing the grant proportion to zero. Supporters believe that the current mechanism allows funds to accumulate as the price of ZEC rises, but ZCG is not directly controlled by holders; opponents worry that cutting development funds without alternative solutions may impact the subsequent development and maintenance of the protocol. All proposals are still in the discussion stage and have not yet been finalized.