News

Jinse Finance reported that recently, Europe nearly passed a proposal called "Chat Control," which would have imposed large-scale surveillance on private communications. The proposal faced strong opposition from all sectors of society because it would have forced service providers to scan all private messages. The proposal was ultimately rejected because Germany refused to support it. Among EU member states, only nine countries opposed the proposal, twelve supported it, and six had yet to decide. This narrow voting margin highlights the fragility of legal consensus around privacy. Even within the EU, which has the Charter of Fundamental Rights, the Declaration on European Digital Rights and Principles, and some of the world's strictest personal data protection laws, policymakers are increasingly inclined to view privacy and encryption as issues requiring careful scrutiny rather than as key attributes of digital infrastructure that must be defended. The mistaken argument that security needs can justify and prove the reasonableness of large-scale surveillance is gaining more and more support on the regulatory agenda, which is a worrying development.

Jinse Finance reported that a joint survey by the Alternative Investment Management Association (AIMA) and PwC shows that the proportion of traditional hedge funds holding cryptocurrencies has risen from 47% in 2024 to 55% this year. The survey covered 122 institutional investors and hedge fund management companies worldwide, with nearly $1 trillion in assets under management. 47% of the institutional investors surveyed indicated that the current regulatory environment encourages them to increase their cryptocurrency allocations, mainly benefiting from Trump appointing crypto-friendly regulatory agency heads and signing the GENIUS Act. Among crypto-focused funds, Bitcoin remains the most popular asset, followed by Ethereum and Solana. Traditional hedge funds allocate an average of 7% of their assets under management to cryptocurrencies, up from 6% last year. 71% of respondents plan to increase their cryptocurrency exposure in the next twelve months.