News

ChainCatcher reported that the U.S. government shutdown has led to a temporary freeze of the Securities and Exchange Commission (SEC)'s insider trading investigation into Digital Asset Treasury (DAT). Several former SEC attorneys stated that once the government reopens, the regulatory agency will almost certainly resume the investigation, and if suspicious trading patterns are found, subpoenas could be issued within 1-2 months. At the end of September this year, the SEC and FINRA contacted several publicly listed companies that have adopted cryptocurrency treasury strategies to investigate abnormal fluctuations in stock prices and trading volumes. It is worth noting that the Trump family is connected to several DAT companies, including ALT5 Sigma, which holds WLFI tokens, and Trump Media under Donald Trump, making this investigation a "sensitive topic."

ChainCatcher news, the Independent Community Bankers of America (ICBA) recently sent a letter to the Office of the Comptroller of the Currency (OCC), requesting the rejection of a national trust bank license application from a certain exchange's subsidiary, National Trust Co., stating that the application does not meet statutory standards and warning that approval would set a "dangerous precedent" for the U.S. banking system. In response, the exchange's Chief Legal Officer Paul Grewal strongly stated that ICBA's actions are "blatant protectionism," attempting to monopolize regulatory channels, exclude competitors, and stifle crypto innovation. He said: "They oppose us obtaining a compliant license not because we fail to meet regulatory requirements, but because they would rather see the crypto industry excluded from the regulatory system to maintain the old financial privilege barriers."