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According to The Block, in response to JPMorgan CEO Jamie Dimon's recent comments on stablecoin yields, White House digital asset advisor Patrick Witt offered a rebuttal.Dimon previously stated that platforms paying stablecoin yields should be regulated like banks, as "holding balances and paying interest" constitutes banking. Witt responded on the X platform, claiming that Dimon's statement is misleading.He pointed out that it is not the payment of yield on balances that requires bank-like regulation, but rather the lending or re-collateralization of the dollars that make up the underlying balances. The GENIUS Act explicitly prohibits stablecoin issuers from engaging in the latter, so stablecoin balances should not be equated with bank deposits.

Bloomberg analyst James Seyffart posted on X platform that institutional investors submitting 13F reports to the U.S. Securities and Exchange Commission reduced their Bitcoin ETF positions in the fourth quarter of 2025, with investment advisory firms and hedge funds being the two largest categories of institutions by position size, becoming the main sellers in the market.Overall, the reporting institutional investors that submitted 13F reports sold a total equivalent to approximately 25,000 Bitcoin worth of ETF shares in the fourth quarter of 2025.

According to The Block, Taylor Lindman, former Deputy General Counsel of Chainlink Labs, has officially joined the U.S. Securities and Exchange Commission (SEC) this Monday as the Chief Legal Advisor for the agency's cryptocurrency working group.Lindman succeeds former member Michael Selig, who is now the Chairman of the U.S. Commodity Futures Trading Commission (CFTC). Reportedly, during his more than five years at Chainlink, Lindman held several senior legal positions and gained extensive experience in the oracle network and smart contract data infrastructure within the institutional finance sector. The SEC cryptocurrency working group, led by Commissioner Hester Peirce, was established last year to explore various aspects of regulating tokenization and decentralized finance through multiple rounds of roundtable discussions.

The U.S. Securities and Exchange Commission (SEC) announced that former Chainlink Labs Deputy General Counsel Taylor Lindman has joined the SEC as the Chief Legal Counsel for the Crypto Task Force, succeeding Michael Selig, who was recently promoted to Chairman of the Commodity Futures Trading Commission (CFTC).Lindman worked at Chainlink for over five years, primarily responsible for legal matters related to the oracle network and smart contract data infrastructure. The SEC's Crypto Task Force was established last year, focusing on regulatory discussions around tokenization and decentralized finance, aiming to advance the development of a regulatory framework for cryptocurrency in the U.S.

The Chairman of the U.S. Commodity Futures Trading Commission (CFTC), Michael S. Selig, announced the establishment of the Innovation Advisory Committee (IAC) and appointed 35 members to provide recommendations on the regulation of breakthrough technologies such as artificial intelligence and blockchain.Committee members include representatives from blockchain projects such as Vivek Raman of Etherealize, Anatoly Yakovenko of Solana Labs, and Brad Garlinghouse of Ripple, as well as executives from major crypto trading platforms like Coinbase, Crypto.com, and Gemini. Founders of prediction markets Polymarket and Kalshi, as well as representatives from well-known venture capital firms like a16z crypto and Framework Ventures, are also included. Selig stated that the committee will assist the CFTC in developing rules that adapt to market realities, paving the way for a "golden age of American financial markets."

According to The Block, Michael S. Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced the establishment of an innovation advisory committee consisting of 35 members, with several executives from the cryptocurrency industry appointed.Selig stated that the committee will assist the CFTC in developing a regulatory framework regarding the role of "breakthrough technologies" such as artificial intelligence and blockchain in financial markets, ensuring that its decisions reflect market realities and establishing clear rules for "a golden age of American financial markets." The committee members include representatives from blockchain projects, such as Vivek Raman from Etherealize, Anatoly Yakovenko from Solana Labs, Brad Garlinghouse from Ripple, Sergey Nazarov, CEO of Chainlink Labs, and Hayden Adams, CEO of Uniswap Labs.In terms of centralized exchanges, executives from Bullish, Coinbase, Crypto.com, Gemini, Kraken, Bitnomial, and Robinhood are included. Shayne Coplan, founder of the prediction market platform Polymarket, and Tarek Mansour, founder of Kalshi, have also been appointed. Chris Dixon from a16z crypto, Vance Spencer from Framework Ventures, and Alana Palmedo from Paradigm are also on the list. The committee also includes representatives from traditional financial institutions such as Cboe, CME, DTCC, Nasdaq, and options clearing companies.

According to CoinDesk, former Chairman of the U.S. House Financial Services Committee Patrick McHenry and White House advisor Patrick Witt stated at the Ondo Summit in New York that U.S. cryptocurrency legislation is accelerating, with a comprehensive cryptocurrency market structure bill expected to be passed in the coming months.Patrick McHenry predicted that the final version may be submitted to the President for signing around Memorial Day (May 25). Patrick Witt revealed that Trump has prioritized this legislation, and the White House is pushing for negotiations between banks and crypto companies, with drafting teams exchanging drafts. Both parties noted that stablecoin yields are the biggest point of contention, with the industry reaching a consensus on banning fraudulent promotions, but differing on whether centralized exchanges can pay passive yields.Patrick McHenry emphasized that without including DeFi, the market structure legislation would "not hold up." He pointed out that tokenized lending products have lower costs than traditional securities lending, indicating strong market demand. Regarding ethical standards, both believed that overly restricting the scope of proposals for officials' spouses is too broad, but a more precise compromise could still gain bipartisan support.Patrick Witt stated that the White House's goal is to translate high-level principles into specific legal text and reach a final agreement that can withstand scrutiny from both the House and Senate.

According to Newspim, Lee Chan-jin, the head of the Financial Supervisory Service (FSS) of South Korea, stated that the "Bitcoin misdelivery incident" at Bithumb is a serious event that undermines the credibility of cryptocurrency exchanges. He pointed out that Bithumb actually holds only about 42,000 bitcoins, and this misdelivery exposed the severe risks of "bookkeeping transactions" trading fictitious assets without security guarantees.He emphasized that if the investigation confirms illegal negligence, the highest level of sanctions will be imposed, including fines and business suspensions. He also suggested adding provisions for revocable or restricted access licenses in the future "Basic Law on Digital Assets" to strengthen the regulation of internal controls at exchanges.The incident occurred on February 6, when Bithumb mistakenly distributed 2,000 bitcoins to each of 249 customers as rewards (originally intended to be 2,000 Korean won), totaling 620,000 bitcoins, which was valued at approximately 61 trillion won (about 45 billion USD) at the time. Bithumb intercepted the transactions within 20 minutes, but 125 bitcoins were still sold.

According to a report by Reuters, Lee Chan-jin, the head of the Financial Supervisory Service (FSS) of South Korea, stated that the recent incident where Bithumb accidentally issued over $40 billion worth of Bitcoin to customers reveals structural vulnerabilities in the cryptocurrency sector, highlighting the urgent need for enhanced regulation. Lee emphasized that users who sold the mistakenly issued tokens are legally obligated to return the assets.In addition, regarding "ghost tokens" (over-issued assets) and the launch of Bitcoin spot ETF products, the FSS expressed a cautious attitude and plans to further expand the regulatory scope through secondary legislation of the "Digital Asset Basic Act."Last Friday, Bithumb mistakenly issued 620,000 Bitcoins during a promotional reward distribution, triggering a sell-off on the platform. Currently, preliminary investigations by financial authorities show that 99.7% of the mistakenly issued Bitcoins have been recovered; of the 1,786 Bitcoins sold before the trading was suspended, 93% have also been recovered.

Investment firm Variant's Chief Legal Officer Jake Chervinsky posted on the X platform: "Today is my last day working full-time at the company, after which I will transition to an advisory role."

According to Cointelegraph, the prediction market platform Kalshi announced the establishment of an independent advisory board and partnerships to enhance platform regulation and prevent insider trading and market manipulation. This initiative was announced three days before the Super Bowl in the United States, and the platform has already attracted over $168 million in Super Bowl-related bets.Kalshi stated that the committee will provide quarterly reports to the company's external legal advisors and publish statistics on investigations of suspicious activities. At the same time, Kalshi is collaborating with the cryptocurrency trading monitoring platform Solidus Labs and Daniel Taylor, the director of the Wharton School's forensic analysis lab, to "detect, investigate, and address market abuse."

The Executive Director of the U.S. Presidential Advisory Committee on Digital Assets, Patrick Witt, stated that the White House will not accept provisions in the cryptocurrency market structure legislation that directly target President Trump or his family's digital asset businesses, as such content has been clearly marked as a "red line."Witt mentioned that the anti-corruption or ethical provisions previously proposed by some Democratic lawmakers are "completely unacceptable," emphasizing that the core of the bill is the regulation of the cryptocurrency market, not ethical scrutiny. He expressed hope that the Democratic side could propose a more "reasonable and negotiable" version to advance the legislation.Witt also pointed out that the current primary goal of the White House is to facilitate a bill that can be submitted for the President's signature, while seeking a compromise amid the disagreements between the banking sector and the cryptocurrency industry regarding stablecoin revenues. However, he also admitted that the Democratic demand to restrict government officials and their families from participating in the cryptocurrency industry remains one of the main obstacles to advancing the legislation.

According to The Block, the Avalanche Policy Alliance has announced the establishment of a new advisory committee, which will be led by Ava Labs' General Counsel Lee Schneider. The members include UK House of Lords member Chris Holmes and several senior figures within the Avalanche ecosystem.The advisory committee will focus on three core issues in 2026: global token classification and intermediary definitions, and internet access protection. Schneider stated that the inspiration for the committee's formation comes from the four major entities already present in the Avalanche ecosystem (Ava Labs, the Avalanche Foundation, and two treasury companies), aiming to ensure a unified effort across the ecosystem from a policy perspective and to promote the broader development of the blockchain and crypto industry.Schneider emphasized that global regulatory coordination is crucial; while the rules in different jurisdictions do not need to be identical, establishing common overarching principles will help the industry's development. He pointed out that if the regulatory differences among major jurisdictions are too great, blockchain or crypto companies will face operational disconnection when expanding into new markets or launching globally applicable products.

U.S. Senator Elizabeth Warren is calling for Congress to hold hearings on the $500 million acquisition of WLFI equity by UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan. Reports indicate that the transaction documents were signed by Eric Trump, with approximately $187 million flowing directly into entities related to the Trump family, and at least $31 million going to entities associated with Trump ally Steve Witkoff.Elizabeth Warren stated that this move is "purely a corrupt act" and urged the Trump administration to rescind its decision to sell sensitive artificial intelligence chips to the UAE. She also called for Trump administration officials, including Steve Witkoff, David Sacks, and Commerce Secretary Howard Lutnick, to testify before Congress on related issues, claiming that they jeopardize U.S. national security for the benefit of a president-associated cryptocurrency company.

White House cryptocurrency advisor Patrick Witt stated that the Davos 2026 World Economic Forum is a turning point for the U.S. government to transform digital assets into a permanent asset class, with the president reaffirming the commitment to make the U.S. a global crypto capital. Patrick Witt pointed out that stablecoins have become an entry point for global finance, and the government is working to establish a symbiotic relationship between traditional finance and emerging crypto forces. Currently, the Senate Agriculture Committee plans to review the market structure bill on January 29 at 10:30 AM. Although the Senate Banking Committee has postponed its review due to issues such as stablecoin rewards, the relevant legislation is expected to ultimately be submitted for a Senate vote. In addition, the government plans to shift to developing a crypto tax framework after the market structure bill is passed and will continue to monitor asset seizures in national security actions involving countries like Venezuela.

According to official news, Coinbase has announced the establishment of an independent advisory committee on quantum computing and blockchain to address future quantum threats. The committee brings together world-renowned experts with the goal of assessing the impact of quantum computing on the blockchain ecosystem and providing clear, independent guidance to the broader community. The committee will publish position papers on quantum risks, offering defense recommendations for developers and institutions, and providing real-time analysis on technological breakthroughs.Coinbase stated that this committee is part of its post-quantum security roadmap, which also includes updating the handling of Bitcoin addresses, internal key management systems, and advancing support for post-quantum signature schemes like ML-DSA in multi-party computation (MPC) systems. The committee is expected to release its first position paper on quantum risk assessment and resilience building roadmap early next year.Committee members include Scott Aaronson, Director of the Quantum Information Center at the University of Texas at Austin, Dan Boneh, Co-Director of the Blockchain Research Center at Stanford University, Justin Drake, Researcher at the Ethereum Foundation, Sreeram Kannan, Founder of EigenLayer, Yehuda Lindell, Chief Cryptographer at Coinbase, and Dahlia Malkhi, an expert in distributed systems at the University of California, Santa Barbara (UCSB).

Coinbase has announced the establishment of an independent advisory committee on quantum computing and blockchain to address future quantum threats.The committee brings together world-renowned experts with the goal of assessing the impact of quantum computing on the blockchain ecosystem and providing clear, independent guidance to the broader community. The committee will publish position papers on quantum risks, offering defense recommendations for developers and institutions, and providing real-time analysis on technological breakthroughs. Coinbase stated that this committee is part of its post-quantum security roadmap, which also includes updating the handling of Bitcoin addresses, internal key management systems, and advancing support for post-quantum signature schemes like ML-DSA in multi-party computation (MPC) systems. The committee is expected to release its first position paper on quantum risk assessment and resilience building roadmap early next year. Committee members include Scott Aaronson, Director of the Quantum Information Center at the University of Texas at Austin, Dan Boneh, Co-Director of the Blockchain Research Center at Stanford University, Justin Drake, Researcher at the Ethereum Foundation, Sreeram Kannan, Founder of EigenLayer, Yehuda Lindell, Chief Cryptographer at Coinbase, and Dahlia Malkhi, an expert in distributed systems at the University of California, Santa Barbara (UCSB).

According to The Block, Patrick Witt, the Executive Director of the U.S. Presidential Advisory Committee on Digital Assets, stated that the market structure bill should be pushed through as soon as possible under the current crypto-friendly atmosphere of the Trump administration. He pointed out that although the draft still has controversies, including restrictions on DeFi privacy, stablecoin yields, and tokenized securities, "compromise is necessary."Previously, Coinbase had withdrawn its support for the bill draft due to related wording. Witt emphasized that rather than waiting for a potentially harsher Democratic version in the future, it is better to seize the current legislative opportunity. The Senate Agriculture Committee will review the bill on January 27.

Aave and Lens Protocol founder Stani Kulechov posted on X that he will transfer the governance of the social protocol Lens Protocol to the Msak Network team, which has been focused on advancing the development of Lens Protocol at the application layer.The Lens social foundational module will always remain open source and will continue to serve as the infrastructure for anyone building social applications on a decentralized track. The original team will continue to serve as technical advisors while focusing on innovation in DeFi, which has always been their core area of expertise.

According to Cointelegraph, the Chairman of the Commodity Futures Trading Commission (CFTC), Michael Selig, announced the appointment of senior crypto lawyer Michael Passalacqua as a senior advisor to the CFTC, who has extensive experience in cryptocurrency and blockchain litigation. Michael Passalacqua previously participated in drafting a letter that prompted the U.S. Securities and Exchange Commission (SEC) to issue a no-action letter, allowing state-chartered trust companies to act as cryptocurrency custodians.As the CFTC's role in cryptocurrency regulation becomes increasingly important, the appointment of a new advisor with extensive experience in the crypto space represents the CFTC's effort to make its regulatory approach "future-facing."