Regulation & Policy

10x Research warns that if the CLARITY Act is passed, it will ban stablecoin balance yield, potentially impacting DeFi protocols and related tokens. Returns would be funneled back to the traditional financial system, leading to reduced market competition, and many DeFi projects will face strict regulation.

California's SB822 allows the state to claim unresponsive residents' crypto assets after three years. Critics argue it's unfair and unconstitutional, but the state must notify owners before assets are seized, aiming to protect consumer rights.

The Arizona House Rules Committee unanimously passed the SB1649 bill, establishing a Digital Assets Strategic Reserve Fund that puts digital assets such as XRP under the management of the Department of the Treasury, and allows revenue to be generated through methods such as staking. If the bill passes, it will become the first U.S. state to officially recognize XRP as a fiscal reserve asset. XRP is currently trading at $1.28 and faces challenges from technical support and resistance.

The President of the United States, Donald Trump, appointed Deputy Attorney General Todd Blanche as Acting Attorney General, and dissolved the National Cryptocurrency Enforcement Team, issuing a memorandum to halt regulatory enforcement against the crypto industry. When Blanche signed this memorandum, he still held crypto assets, which allegedly violated ethical standards and sparked legal disputes; whether transferring his assets into his family’s name can eliminate the conflict of interest remains controversial.

The Trump administration has recently intervened in a lawsuit involving the CFTC and the regulators of gambling in three states, challenging the states’ authority to regulate prediction markets. The CFTC argues that, under the Commodity Exchange Act, it has exclusive jurisdiction over these markets, and accuses the states of overstepping their authority in an attempt to change the nature of the wagering event contracts. This lawsuit reflects regulatory actions by 11 states regarding prediction markets, each facing different legal challenges. If a federal court sides with the CFTC, it will help provide legal protection for prediction markets; otherwise, it will increase operational uncertainty.

Crypto and banking industry representatives are meeting to discuss stablecoin yield provisions in a market structure bill. Compromise language, led by Senators Alsobrooks and Tillis, has raised concerns in the crypto sector, particularly regarding yield based on stablecoin balances. The release of the revised text has been delayed, with ongoing negotiations over technical details. A markup hearing is anticipated later in April. Other regulatory concerns, including the definition of DeFi and potential ties to former President Trump's family, remain unresolved.

The Trump administration is suing Illinois, Connecticut, Arizona, and their gaming regulators over the federal government’s right to regulate prediction markets. The Commodity Futures Trading Commission (CFTC) and the US Department of Justice filed separate lawsuits on Thursday against the three st

Coinbase, the largest US-based cryptocurrency exchange, has officially secured a conditional approval from the Office of the Comptroller of the Currency for a national trust charter. The move seems to be a major stride toward regulatory clarity and the culmination of multiple years of rigorous

_U.S. DAO adoption expands as Alabama grants legal status and liability protections to decentralized nonprofit entities._ The US state of Alabama has signed a new bill that introduces a structure for decentralized nonprofit groups operating with smart contracts. Lawmakers aim to give clarity to

A certain CEX has received a conditional approval from the Office of the Comptroller of the Currency (OCC) in the United States, allowing it to establish a national trust institution, but without converting into a commercial bank. It will continue operating under the supervision of the New York State Department of Financial Services, strengthening the consistency of its custody business and laying the foundation for new products.

Taiwan’s Executive Yuan approved the draft of the “Virtual Asset Services Act,” establishing regulatory requirements and penalties for virtual asset service providers and stablecoin issuers, emphasizing market stability and protection for traders. The draft clearly sets licensing requirements for industry operators, stablecoin issuance rules, and bans on market manipulation. In addition, it will promote the gradual opening of virtual asset derivatives, initially focusing on institutions with capital and risk-control capabilities.

Legislator Ko Ru-jun proposed including Bitcoin and stablecoins in Taiwan’s foreign exchange reserves, believing their advantages are especially evident in extreme situations. Central Bank Governor Yang Chin-lung responded that, although his stance remains unchanged, he will continuously evaluate new developments. Globally, central banks generally adopt a conservative approach, believing that Bitcoin is not suitable as a reserve asset, and Taiwan’s progress in this area is unlikely to be realized in the short term.

Coinbase is advocating for the SEC to allow issuer and third-party tokenization of publicly traded securities, claiming that requiring issuer consent would conflict with U.S. securities law and limit market accessibility. The exchange argues for a balance between both approaches to maintain secondary-market openness.

Australia passed the “2025 Corporations Amendment Act” on April 1, establishing the nation’s first digital asset regulatory framework. All cryptocurrency exchanges and custody service providers must obtain a financial services license within six months, and comply with asset custody and information disclosure standards, with the aim of reducing the risk of crypto platforms collapsing in the past. Research forecasts that this regulation could create AU$24 billion in economic value for Australia each year and accelerate development in the digital asset and payments sectors.

Chainalysis research reports that organizations linked to Russia and Iran have been buying low-cost drones and accessories through cryptocurrencies to bypass Western sanctions. Since 2022, pro-Russia groups have raised more than $8.3 million, and wallets associated with Iran show transactions with suppliers in Hong Kong. Although the anonymity of cryptocurrencies helps evade monitoring, blockchain transparency provides important leads for investigations.

Key Insights GENIUS Act defines state-regulated stablecoin compliance, allowing smaller issuers to operate locally while meeting federal oversight standards. OCC guidance establishes federal benchmarks, guiding stablecoin issuers transitioning from state to federal supervision after $10 billion

Alabama has officially granted decentralized autonomous organizations (DAOs) legal standing, becoming the second state to recognize DAOs as legal entities. The newly passed DUNA Act provides DAOs with limited liability protection, reducing operational risk, increasing trust, enabling interaction with traditional businesses, and driving innovations in blockchain governance. This move marks a new stage in which decentralized finance gains legal recognition in the real economy.

The Australian Prime Minister announced that, starting in 2027, gambling advertisements will be strictly limited to reduce children’s exposure. The new rules ban ads from being shown during live sports broadcasts, and they also do not allow celebrity endorsements. Despite the tighter advertising restrictions, the ban has not yet been fully achieved. Meanwhile, a cryptocurrency prediction platform is facing a crackdown, traditional gambling exposure will decline, and legal developments need to be monitored.

The Executive Yuan approved a draft bill of the “Virtual Asset Services Act,” establishing dedicated regulatory rules for Taiwan’s virtual asset market, setting up a licensing system for virtual asset service providers, and strengthening penalties for fraud and market manipulation. The bill follows a principle of gradual opening, ensuring transaction safety, and requiring the Financial Supervisory Commission and the Central Bank to approve stablecoin issuance, to protect users’ transaction rights and interests.

Taiwanese investigators and prosecutors cracked the first Polymarket cryptocurrency election betting case, arresting two bettors. Because they admitted their wrongdoing, they were granted deferred prosecution, and authorities reminded the public not to place illegal bets. The case shows that identity can be verified through tracing the flow of funds, emphasizes the Election and Recall Law’s provisions and potential criminal liability, and calls on the public to comply with the law.