U.S. Treasury Secretary Yellen: The Crypto Market Structure Act needs to be passed this spring

Barry Sternlicht Says U.S. Crypto Regulations Are Blocking Starwood’s Real Estate Tokenization Plans

Barry Sternlicht of Starwood Capital highlights that while his firm is poised to tokenize real estate assets, U.S. regulations hinder progress. He argues for legal clarity to enable this promising investment future.

Hong Kong Securities and Futures Commission approves Victory Fintech Virtual Asset Trading Platform License

The Hong Kong Securities and Futures Commission has officially approved Victory Fintech Company Limited to operate a virtual asset trading platform. This is the first new platform license approval since 2025, bringing the total number of licensed platforms to 12. Victory Fintech is a subsidiary of Victory Securities, approved to engage in securities trading and automated trading services, while VDX Custody has been approved to provide digital asset custody services.

Wu Jie Zhuang: Hong Kong will issue the first batch of stablecoin issuer licenses in March, hoping that the government will promote the use of cryptocurrencies among all residents of Hong Kong through stablecoin airdrops.

Hong Kong Legislative Council member Wu Jiezhuang stated that in March, a license for stablecoin issuers will be issued. The plan is to encourage citizens to use cryptocurrencies through stablecoin airdrops, enhance Hong Kong's position in the Web3 and digital asset sectors, while also stimulating the economy and promoting the adoption of cryptocurrencies.

SEC Chairman Paul Atkins signals cryptocurrency regulation direction, clarifies investment contract framework, and advances innovation exemptions and rulemaking

SEC Chairman Paul Atkins outlined the direction of cryptocurrency regulation at the ETHDenver conference, including clarifying the investment contract framework, establishing innovation exemptions, advancing rules and guidelines, and emphasizing a regulatory approach that ensures market transparency and full disclosure of information, rather than intervening in short-term price fluctuations.

Hyperliquid establishes the DeFi Policy Center, with cryptocurrency lawyer Jake Chervinsky serving as CEO

Decentralized derivatives trading platform Hyperliquid has established a policy center in Washington, D.C., aimed at promoting the legal pathway for DeFi and helping Congress understand its technology. Jake Chervinsky serves as CEO, and the center will develop a legal framework for perpetual contracts, supported by 1 million HYPE tokens.

Starwood Founder Barry Sternlicht: Ready to push forward with asset tokenization but constrained by U.S. regulations

Real estate billionaire Barry Sternlicht stated that Starwood Capital is planning to tokenize real estate assets but is limited by US regulatory restrictions. Sternlicht believes this technology is a future trend that can provide new financing methods for illiquid assets and calls for clear regulations to promote development. Deloitte predicts that the global tokenized real estate market will grow significantly by 2035.