News

ChainCatcher news, Scott Lucas, Managing Director and Head of Digital Asset Markets at JPMorgan, stated at the Solana Breakpoint conference: "I believe this community is full of amazing innovation, and people are eager to explore. When you combine these two, you begin to understand—where business opportunities come from, and how they return to the core proposition of economic growth. This itself is part of a grand narrative. Therefore, I think the key is to truly participate, to integrate that spirit of originality and innovation into the exploration of opportunities. Not all innovations are perfectly suited for regulated markets, and that's normal. Some are aimed at retail users, while others focus on different markets, but among them there must be key elements that are extremely valuable for us to understand, worthy of deep involvement and learning. Even if some things are temporarily beyond our business scope, it is still crucial to absorb these sparks of thought and push discussions forward—because this is how markets evolve. The more pioneering and adventurous ideas emerging in the Solana ecosystem often eventually settle into mature solutions suitable for regulated markets, which is a very ideal development path. Innovation stems from such collisions of ideas and comprehensive debate. Being able to immerse oneself in it, truly listen to the pulse of the industry, and absorb its essence—this process itself is extremely valuable."

ChainCatcher news, according to CoinDesk, a coalition of cross-party UK Members of Parliament has written to Chancellor Rachel Reeves, urging amendments to the Bank of England's proposed stablecoin framework to prevent stifling innovation and capital flight. The MPs warned that the Bank of England's draft framework restricts the use of stablecoins in wholesale markets, prohibits interest on reserves, and sets a holding cap at £20,000, which could undermine the City of London's appeal as a global financial center and force investors to turn to dollar-pegged alternatives. The letter calls for the establishment of a forward-looking stablecoin framework to ensure international investment, support the growth of high-value fintech, and consolidate the UK's position as a global innovation hub.