SEC Chair: "Providing a clear regulatory framework for digital assets" is one of SEC's priorities this year

Virginia passes cryptocurrency ATM regulation bill, implementing transaction limits and 48-hour freeze mechanism

February 14 News, Virginia is advancing a regulatory bill targeting cryptocurrency ATMs. The bill has been approved by the state Senate and House and is now awaiting the governor's signature. Once enacted, it will establish uniform compliance standards for operators of self-service terminals across the state and provide consumers with more systematic fraud protection. According to the bill, operators must complete registration and licensing processes, submit periodic reports, and comply with fee cap requirements. Machines are no longer allowed to promote themselves as "ATMs" or use any language implying cash withdrawal. The new regulations will also set daily and monthly transaction limits, implement a 48-hour freeze period for new users to facilitate refunds in case of suspected fraud, and all transactions must complete identity verification. Clear risk warnings must be posted next to the devices.

X Product Manager: Planning to update API policies to prevent applications from creating fee pools without user consent

BlockBeats News, February 14 — X product lead and Solana advisor Nikita Bier announced, "X plans to update API policies to prevent applications from creating fee pools without user consent."

The Central Bank of Russia plans to study tying the ruble to stablecoins, seeking new payment tools to circumvent sanctions

February 14 News, the Central Bank of Russia recently announced that it will conduct in-depth research on the feasibility of pegging stablecoins to the ruble and assess their risks and potential benefits. On February 12, Vladimir Chistyukhin, First Deputy Governor of the Central Bank of Russia, revealed at the Alpha Dialogue Conference in Moscow that the research plan aims to explore how stablecoins can better integrate into Russia's financial system. This move comes at a critical moment when Russia, facing Western sanctions and global banking access restrictions, is seeking new payment tools. For years, the Central Bank of Russia has opposed stablecoins, especially those pegged to fiat currencies, believing they could pose financial stability and regulatory risks. However, as cryptocurrencies gradually enter the international settlement space and the digital ruble project is launched, the stance of the Central Bank of Russia has changed. Previously, Russia allowed cryptocurrencies for some international settlements, and the digital ruble has entered the pilot phase. It is expected that stablecoins will be fully launched by the end of 2026.

CLARITY Act New Developments: Crypto Groups Challenge Bank Proposals, Stablecoin Regulation May Reach a Compromise

On February 14, news reports indicate that as the debate over the implementation of the CLARITY Act continues, cryptocurrency groups have proposed new principles to oppose the bill draft put forward by banks. The Digital Chamber of Commerce, a blockchain industry association, released a set of its own guiding principles, emphasizing that a two-year study on the impact of stablecoins on bank deposits is acceptable, but opposing provisions that automatically generate regulatory rules. Cody Carbone, CEO of the Digital Chamber of Commerce, stated that the industry is willing to compromise on the static yields of stablecoins similar to bank savings accounts, but emphasized that crypto companies should still be able to offer rewards to customers for transactions and other activities. He called on banks to return to the negotiating table to avoid missing the opportunity to establish a fair reward mechanism.

Trump ally Bannon and Epshteyn sued collectively by investors over Patriot Pay token

Missouri investor Andrew Barr filed a class-action lawsuit in the Washington Federal Court, accusing Trump ally Steve Bannon and his team of defrauding thousands of investors through unregistered cryptocurrency schemes, with the plaintiff losing over $58,000 and seeking compensation.

U.S. Senator Requests Foreign Investment Committee to Review UAE Acquisition of Trump Family's Cryptocurrency Company Stake

U.S. Democratic Senators in the Senate have written to the Treasury Secretary, requesting a review of the transaction in which the UAE acquired a 49% stake in the Trump family’s crypto company, due to concerns involving national security and sensitive information protection.