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The U.S. Securities and Exchange Commission (SEC) announced that its Division of Investment Management has issued an exemption to WisdomTree's tokenized money market fund, the WisdomTree Treasury Money Market Digital Fund. According to this exemption, investors can buy and sell shares of the money market fund (MMF) at a price of $1 per share during trading hours through dealers, without being subject to its daily closing net asset value (NAV), as the fund issues tokenized shares on the blockchain.This regulatory exemption allows investors to continuously trade tokenized fund shares with dealers during trading hours, achieving faster settlement speeds compared to traditional models. The SEC added that this move provides flexibility for the operation of tokenized fund products within the current regulatory framework, helping to enhance trading efficiency and settlement experience.

The official website of the U.S. Securities and Exchange Commission published a speech by Chairman Paul Atkins at the ETHDenver conference, outlining the agency's direction on cryptocurrency regulation, which mainly includes:Clarifying the "investment contract" framework: The Commission will study and publish a framework that clarifies under what circumstances crypto assets constitute investment contracts, as well as their formation and termination mechanisms.Innovation exemptions: Considering the establishment of innovation exemptions that allow for pilot trading of certain tokenized securities under restricted conditions, including limited trading on new platforms such as automated market makers, to accumulate experience for a long-term regulatory framework.Advancement of rules and guidance: Plans to initiate or advance rulemaking on topics such as financing pathways for crypto assets, broker-dealer custody for non-securities crypto assets (including payment stablecoins), and modernization of transfer agent rules; and continue to provide clarity for non-registration scenarios such as wallets and user interfaces through no-action letters and exemption orders.Regulatory philosophy: Paul Atkins emphasized that regulators should not react to short-term price fluctuations. The responsibility of the U.S. Securities and Exchange Commission is to ensure adequate information disclosure and clear rules, allowing market participants to make decisions in a transparent environment, rather than "supporting prices."

According to Eleanor Terrett's disclosure, the subsequent meeting on stablecoin yield issues held by the White House did not reach a final compromise, but both sides engaged in deeper discussions.According to attendees, the banking representatives expressed for the first time a willingness to consider "any proposed exemptions," which is seen as a significant concession, as banks had previously been firmly opposed to any transaction-based reward exemptions. The meeting focused on the definition of "permissible activities," with crypto companies hoping for a broad definition, while banks advocated for stricter limitations.

According to The Block, Ripple has obtained a full Electronic Money Institution (EMI) license from the Luxembourg Financial Supervisory Authority (CSSF), which officially came into effect after preliminary approval on January 14.This authorization allows Ripple to expand its payment and digital asset services across the entire European Union, providing a regulated channel for its blockchain-based payment services to enter the European market.

Ripple has obtained a full Electronic Money Institution (EMI) license issued by the Luxembourg Financial Industry Supervisory Commission (CSSF). Previously, Ripple received preliminary approval for the license last month and has now fulfilled all the conditions required by the CSSF.

According to market news, the chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, has retracted the previous timeline regarding the "crypto innovation exemption" that was expected to be announced this month, and when asked about the timing, he declined to commit to releasing final rules this month or even next month.He stated that the SEC is still studying the details and is taking a cautious approach, emphasizing that the progress of the crypto market structure bill currently under consideration by Congress may also affect the timing of the exemption rules. These proposed exemption rules are intended to provide assurances for companies in specific crypto areas such as tokenized securities and DeFi, allowing their related activities to be free from SEC enforcement actions. Atkins had previously expressed hope that the rules would be released in January, but at an event co-hosted with the CFTC this Thursday, he changed his tone, stating that "we need to think twice" and expressed a desire to see Congress provide clear direction.

The Arizona Senate Finance Committee passed the SB 1044 bill and SCR 1003 joint resolution with a vote of 4 to 3. This series of proposals was introduced by Wendy Rogers and aims to exempt virtual currency from property tax. If the proposal is approved, SCR 1003 will allow voters to decide in November whether to amend the state constitution to formally establish this tax exemption policy.The SB 1044 bill seeks to amend state law to define virtual currency, characterizing it as a digital representation that serves as a medium of exchange, unit of account, and store of value, and is not a dollar or foreign currency. Although Governor Katie Hobbs vetoed several cryptocurrency-related bills in 2025, including SB 1025, which aimed to establish a Bitcoin strategic reserve, and SB 1024, which allowed the use of cryptocurrency for tax payments, the current tax exemption proposal has now been referred to the Senate Rules Committee for further consideration.

Bitcoin treasury company Strive director Pierre Rochard stated that Dubai, El Salvador, Thailand, Puerto Rico, Singapore, and Germany (after holding for one year) do not tax Bitcoin, and that the U.S. taxing Bitcoin is "unreasonable."Pierre Rochard described the relevant policies as a poor choice that undermines Trump's proposed "Bitcoin superpower" plan.

According to the official announcement, Gate Web3 will officially launch the "Exchange Unlock Ladder Shield" event from January 15 to January 30, aimed at helping users reduce reallocation costs amid fluctuations in mainstream asset markets. During the event, if new users incur losses on their first net exchange order that meet the amount criteria, they can receive full subsidies for Gas fees and slippage. In addition, the event introduces a ladder shield mechanism, dividing users into four levels based on cumulative exchange volume, with a maximum loss subsidy of 540 USDT available for application. The total prize pool for the event is 20,000 USDT, adopting a first-come, first-served circuit breaker mechanism.Gate Swap is an AMM DEX deployed in the Gate Layer ecosystem, focusing on providing deep liquidity support and efficient trading experiences for the Gate Layer ecosystem. Through optimized trading mechanisms and intelligent liquidity management, it helps users achieve seamless and cost-effective asset exchanges.

Ripple announced on platform X that it has obtained a preliminary license as an electronic money institution issued by the Luxembourg Financial Industry Supervisory Commission (CSSF) to further promote Ripple's payment business expansion within the European Union, which will introduce institutional-grade digital asset infrastructure to the region.

According to Bitcoin Archive, a bill for a Bitcoin tax exemption has been proposed in Rhode Island, USA, which will exempt state income tax and capital gains tax on small Bitcoin transactions with an annual transaction volume not exceeding $20,000.

Ripple has announced that it has received preliminary approval for an electronic money institution license issued by the Luxembourg Financial Industry Supervisory Commission (CSSF). This is a key step for Ripple Payments to expand in the EU region, bringing institutional-grade digital asset infrastructure to the area.

Several Bitcoin advocacy organizations, including the Bitcoin Policy Institute, recently sent a joint letter to the leaders of the U.S. Congress's tax committee, urging them to expand the minimum exemption scope to include Bitcoin and major network tokens, not just stablecoins.The coalition proposed to treat stablecoins that meet the GENIUS standards like cash, while setting a market cap threshold of $25 billion for eligible network tokens to determine which network tokens qualify for the exemption, along with a single transaction limit of $600 and an annual cap of $20,000.

According to the official announcement, Gate has officially launched a new structured derivative "Smart Leverage." This product helps users avoid unexpected position losses caused by short-term extreme fluctuations or "spike" markets during high volatility periods by exempting the forced liquidation mechanism during the subscription period, allowing them to focus more on trend judgment and strategy execution.Smart Leverage supports high leverage configurations, with returns based on the settlement price at maturity. While improving capital efficiency, the user's maximum potential loss is limited to the principal of a single subscription, with no risk of liquidation or additional liabilities. The initial offerings include BTC, ETH, XRP, SOL, and ADA, and users can participate through the Gate official website and Gate App.In addition, Gate is launching a limited-time experience event. From December 30, 2025, 14:00 to January 7, 2026, 14:00 (UTC+8), the first 1,000 users who subscribe to Smart Leverage for the first time will automatically receive a +100% APR (annualized) cash subsidy without needing to register. Regardless of the final profit or loss of the order, the subsidy will be distributed based on the subscription principal, significantly reducing the user's cost of the first order experience. In the future, the Gate platform will continue to improve its structured product matrix, providing more flexible and diverse trading options for users with different risk preferences.

Arizona Senator Wendy Rogers proposed amending state regulations to exempt BTC and cryptocurrencies from taxation.

According to The Block, Congressman Max Miller (R-OH) and Steven Horsford (D-NV) are drafting a cryptocurrency tax bill called the Digital Asset PARITY Act.The bill will provide tax benefits for certain stablecoin transactions and delay taxation on rewards for validating blockchain transactions. The legislation will exempt capital gains tax on stablecoin transactions below $200. As a compromise between the IRS's current guidance and industry demands, taxpayers will have the option to defer taxes on staking and mining rewards for five years, after which they will be taxed as ordinary income at fair market value.The bill will extend wash sale rules (which prevent investors from selling at a loss and immediately repurchasing to claim tax credits) to digital assets and allow traders to use the mark-to-market method for accounting.

The SEC Chairman Paul Atkins stated this morning that the U.S. financial markets are about to transition to on-chain. "Under my leadership, the SEC is prioritizing innovation and actively adopting new technologies to achieve this on-chain future while continuing to protect investors' interests." On-chain markets will provide investors with greater predictability, transparency, and efficiency.Participants in the DTC can now directly transfer tokenized securities to the registered wallets of other participants, and these transactions will be tracked by the DTC's official records. Paul Atkins expressed, "I look forward to the SEC considering an innovative exemption policy that allows innovators to leverage new technologies and business models to begin transitioning our markets on-chain without being constrained by cumbersome regulatory requirements." This morning, the SEC approved DTCC to custody and confirm tokenized stocks and RWA assets on-chain.

According to market news, the Australian Securities and Investments Commission (ASIC) has announced a new classification exemption policy that expands the scope of licensing exemptions for intermediaries of stablecoins and wrapped tokens.The policy allows intermediaries to distribute stablecoins and wrapped tokens issued by publishers holding an Australian Financial Services (AFS) license without needing to apply for a separate license. At the same time, ASIC also permits providers to hold digital assets in pooled accounts under appropriate record-keeping and reconciliation procedures. The new regulations require stablecoin issuers to maintain reserves equal to or greater than the total amount of circulating tokens and to publish financial reports regularly.