Supreme Court: The next step will focus on cracking down on crimes related to the use of virtual currencies, underground banks, and "money laundering" activities.

"Gambling is not investing": U.S. lawmakers form an alliance to pressure prediction markets, regulatory disputes over platforms like Polymarket escalate

The prediction market industry in the United States faces political and regulatory pressures. An alliance led by Congressman Mick Mulvaney is calling for increased enforcement, restricting market expansion, and emphasizing that it is essentially gambling that must comply with relevant laws. Meanwhile, some lawmakers are pushing for stricter regulations, especially targeting certain controversial prediction events. The prediction market industry is actively countering, arguing that current regulations should be overseen by the CFTC, and that the industry is still growing rapidly, exploring new product models to expand market influence.

SANAE TOKEN Collapse! Sanae Tanaka Denies Supporting Political Coins, Issuer Faces Backlash in Japan

Japanese Prime Minister Sanae Takaichi strongly denies involvement in the issuance of the cryptocurrency called SANAE TOKEN, which is promoted in her name and has caused social panic. The latest reports indicate that the coin's price has plummeted by over 50%. The issuer claims that the coin promotes political participation but was not authorized by the government, leading to public condemnation and legal issues. Investors should stay vigilant to avoid financial scams.

U.S. Senate Housing Bill "Includes" CBDC Ban: Federal Reserve Cannot Issue Central Bank Digital Currency Before 2031

The bipartisan "21st Century Housing Roadmap Act" proposed by the U.S. Senate Banking, Housing, and Urban Affairs Committee aims to expand housing supply and streamline regulation, but also includes a provision to prohibit the Federal Reserve from issuing central bank digital currencies (CBDC). The bill, jointly introduced by Senators Tim Scott and Elizabeth Warren, specifically mentions that it will expire at the end of 2030 and retains exceptions for certain digital assets. The bill emphasizes that it does not help increase government spending and targets homeownership opportunities for the middle class.

U.S. 303-page Housing Bill Hidden CBDC Ban, White House Endorses

The "21st Century Housing Roadmap Act" proposed by the U.S. Senate includes a provision that bans the Federal Reserve from issuing Central Bank Digital Currencies (CBDC), with the ban remaining in effect until 2030. The bill aims to reduce housing costs and support the development of private stablecoins. The White House has expressed support for the bill, emphasizing that preventing CBDC development is a current policy priority. Bipartisan lawmakers have reached a consensus on this issue, making it a cooperative clause that can transcend party divisions.

CLARITY Act deadline passed in March; stablecoin yield controversy hinders legislation

The deadline for the White House's stablecoin legislation CLARITY has passed, but progress has stalled due to the crypto and banking industries failing to reach a consensus on stablecoin yields. The banking sector is concerned about outflows of customer funds and strongly opposes stablecoin reward arrangements. If legislation cannot be enacted in the future, it could trigger market uncertainty and impact the inflow of crypto funds.

JPMorgan CEO Calls for Unified Regulatory Standards for Stablecoin Incentives

JPMorgan CEO Jamie Dimon expressed support for blockchain technology on CNBC but believes stablecoins should follow the regulatory standards of traditional banking. He suggested offering rewards for transactions and mentioned that relevant legislation has been passed to clarify the responsibilities of regulatory agencies and the management of customer funds.