Former CFTC Chairman Giancarlo stated that a clear regulatory framework for cryptocurrencies is crucial for the U.S. banking system. The lack of regulation could cause the U.S. to fall behind Asia and Europe in financial innovation. He pointed out that banks find it difficult to make large-scale investments in blockchain technology in an uncertain legal environment and warned that the U.S. might be forced to follow global digital financial trends. Even if the Crypto Market Structure Act does not pass, regulatory agencies may still implement temporary policies, but these cannot replace a stable legislative framework.

On January 28, news broke that an investigation involving the US government seizing crypto assets has once again brought the risks of “Meme coins” to the forefront. Blockchain investigators discovered a wallet suspected of being related to stolen assets controlled by the US government, which recently issued a Meme coin called John Daghita (LICK) on the Solana chain. However, the token's value plummeted shortly after launch, sparking strong market skepticism. On-chain data shows that LICK was created on the Pump.fun platform, and its price dropped approximately 97% on the first day of trading. The token's market cap briefly surged to about $915,000 before quickly falling below $25,000. Further investigation revealed that prior to the price surge, the deployment address had conducted multiple early acquisitions, even when the overall market cap was still very low.

The CFTC of the United States has filed a lawsuit against Wolf Capital Crypto Trading LLC and its founders, accusing them of operating a Ponzi Scheme that attracted over 3,000 investors, raising more than $10 million without any actual trading support.

The U.S. Department of Justice announced that Travis Ford, the founder of the cryptocurrency investment company Wolf Capital Crypto, has been sentenced to five years in prison for defrauding investors of $9.4 million in a Ponzi Scheme, and must pay over $1 million in forfeiture and $170,000 in restitution. Ford admitted to conspiring to commit wire fraud.

The Pilot has added a countdown feature for new openings, with no prior listing announcement. Gate will release the coins listed on the same day in the evening. The project launching on April 8 is the SOL Token REMUS, reviving the extinct terror wolf. Gate reminds users of the risks and only supports app versions above 6.30.0. The Pilot project has limited-time trading adjustments, and risks are borne by users. Gate reserves the right of final interpretation.

A new countdown function has been added to the Innovation Zone, and there is no pre-listing announcement, which Gate.io released on the same night. The project launched on April 8 is the SOL token REMUS, which resurrects the extinct dire wolf. Gate.io warn of risks, only APP version 6.30.0 or later is supported. The project in the Innovation Zone will be adjusted for a limited time transaction at your own risk. Gate.io reserves the right of final interpretation.