Crypto Regulation: Key Congress Hearings, SEC Registration Strain In Spotlight

By: the coin republic|2025/05/07 23:15:01
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Crypto regulation is taking a new shape in the United States, as many ongoing activities in the industry mark a new phase for the sector.One is the Senate Banking Committee’s advancement of Michelle Bowman’s nomination to become the Federal Reserve’s top bank cop.Michelle Bowman’s Nomination Passed to Full SenateOn May 6, the Senate Banking Committee advanced Michelle Bowman’s nomination to the Federal Reserve and Congress.This move brings her a step closer to receiving a confirmation vote.Bowman will take over from Michael Barr, who served as the Vice Chair of the Federal Reserve for Supervision, should the vote eventually come.Barr resigned in February 2025, but before then, he had a strong foot in the banking sector.With Bowman, there are expectations that her touch on banking regulation would be much lighter with a linked implication for crypto.The public is confident in her potential owing to the approaches she has employed in the past.She is one of those who have consistently asked for more tailored oversight for the financial industry.Eventually, she criticized one proposal requiring banks to hold more capital to serve as a buffer against losses.A month ago, she vowed to overhaul how the Fed monitors large banks. She also has plans to encourage innovation and pursue “pragmatic” rules for the financial system.IRS Appoints Trish Turner to Lead Crypto UnitIn the same spirit of nominations and appointments amid the crypto regulation trend, Trish Turner, one of the top professionals at the Internal Revenue Service (IRS), has been nominated to lead the crypto division of the tax office.Sulolith Mukherjee and Seth Wilkes previously held this position for more than a year before they eventually exited the agency.Mukherjee served as the Executive Director of compliance and implementation. Wilkes was the Executive Director of digital asset strategy and development.Turner has held several key positions before now, including senior counselor in the division.She prides herself on being a seasoned tax practitioner with over two decades of experience.Her appointment comes amidst a broader shift in political leadership in the United States and push for crypto.Donald Trump’s second administration as US president has played a key role in establishing a pro-crypto stance in the region.He has taken several steps to favor the crypto sector, including signing an executive order barely 24 hours after assuming office.Most of his actions are geared towards changing the US Securities and Exchange Commission (SEC) stance.Given the changes, the IRS shared a crypto tax requirement to report transactions.This requirement, which is intended to foster better tax compliance and more accurate reporting of digital asset transactions, will apply to brokers on centralized exchanges (CEXs).Hiro Systems Confession and Key TakeawaysIn July 2024, the US SEC closed a three-year investigation into Hiro Systems, formerly Blockstack.The agency took this step without recommending enforcement action. Apparently, the SEC began to probe the firm after questioning its $70 million token sales from 2017 to 2019.Crypto America host and journalist Eleanor Terrett recently pointed out that Hiro spent more than $15 million on compliance with SEC reporting requirements.Image Source: Eleanor Terrett on XStill, the SEC investigated Hiro following the harsh crypto regulation setting of the past administration.The broader crypto sector expects the Commission to make better decisions in the future, especially with Paul Atkins’ confirmation as the new SEC Chair..The post Crypto Regulation: Key Congress Hearings, SEC Registration Strain In Spotlight appeared first on The Coin Republic.

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LALIGA Match Report: Vinícius scores as 10-man Real Madrid secure a 3-2 comeback victory in Madrid derby

In the early hours of March 23, 2026, Round 29 of LALIGA delivered a headline clash at the Santiago Bernabéu. Real Madrid hosted their local rivals, Atlético de Madrid, in a high-stakes encounter. Under referee José Munuera, the match unfolded at a fierce pace, packed with physical duels and momentum swings. After a five-goal thriller, Real Madrid held firm for a 3–2 home win, taking all three points. They remain second on 69 points, now four behind leaders Barcelona.

From a numbers standpoint, Real Madrid stayed composed under pressure, completing 526 passes with a 52.4% share of possession. Atlético struck first in the 33rd minute through Lookman. After the break, Real Madrid flipped the game: Vinícius converted a penalty to level, then Valverde fired them ahead. Molina pulled Atlético back on level terms, but Vinícius stepped up again in the 72nd minute to seal the win. Late drama followed as Valverde saw red, forcing Real Madrid to defend deep with ten men through the final stretch. Atlético's aggressive approach—12 fouls and 4 yellow cards—kept the pressure on, but they couldn’t stop the comeback.

WEEX Insights: As the official LALIGA partner in the Hong Kong and Taiwan regions, WEEX sees this win as a masterclass in control under pressure. Even after a red card and constant attacks, Real Madrid stayed sharp and executed with precision. That same discipline—staying calm in volatile moments and acting with clarity—reflects the core trading mindset WEEX stands for. LALIGA fan campaigns are coming soon—celebrate the game with WEEX.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official 

Instagram: @WEEX Exchange

 Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

LALIGA Match Report: Araujo seals 1–0 win as Barça tighten grip on top spot

In the early hours of March 22 (Beijing Time), Barça edged Rayo Vallecano 1–0 at Camp Nou in a key Round 29 clash. The hard-earned win lifts Barça to 73 points, strengthening their hold on first place.

Barça controlled the game with 61% possession and a sharp 89% passing accuracy (460 passes). Rayo pushed back with intensity, earning 9 corners, but Barça's defense stayed solid. Yellow cards for Raphinha, Yamal, and Cubarsí highlighted the physical edge of the match. Second-half subs like Rashford and Olmo added fresh energy to help see out the result. Rayo remain 14th on 32 points.

WEEX Insights: As the Official LALIGA Partner in HK & TW, WEEX sees Barça’s 89% passing accuracy as a clear example of high execution with minimal error. Staying precise under pressure and finding the breakthrough reflects the same disciplined approach used in rational trading.

LALIGA interactive campaigns are coming soon—stay tuned with WEEX ⚽️

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official

 Instagram: @WEEX Exchange 

Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

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