The U.S. Senate loses another crypto tax reform advocate, Daines has confirmed he will not seek re-election.

JPMorgan CEO criticizes the crypto industry: Interest-bearing stablecoins are deposits and should be regulated like banks!

Jamie Dimon intervenes in the debate, advocating that interest-bearing stablecoins should be subject to banking regulation and emphasizing the importance of fair competition. He opposes the practice of paying interest on stablecoin account balances and demands that industry players in the crypto space who want to act as banks should assume corresponding regulatory responsibilities. This stance is closely related to the deliberation of the CLARITY Act, which aims to clarify the regulatory framework for cryptocurrencies.

U.S. Senate advances major housing bill with provisions to temporarily ban CBDC until 2030

The U.S. Senate passed the 21st Century ROAD to Housing Act, aimed at increasing housing supply and affordability. It includes a temporary ban on CBDCs until 2030, with some exceptions for USD-backed digital currencies. The legislation is now set for debate and amendments.

Trump pressures the Big Seven tech giants to sign "bear the cost of electricity price hikes"! AI data centers consume 12% of electricity in the U.S., and voter anger is fueling the push.

In his State of the Union address, Trump announced the "Rate Protection Commitment," requiring the seven major tech giants to bear the electricity costs of data centers themselves, aiming to alleviate voter dissatisfaction caused by rising electricity prices. However, the commitment lacks legal binding force, and its enforcement mechanism is unclear, raising questions about its effectiveness. The electricity demand from data centers could lead to a 12% increase in nationwide electricity consumption, becoming a political focal point.

SEC submits cryptocurrency regulation framework to the White House; token classification system may reshape U.S. crypto market rules

The U.S. Securities and Exchange Commission (SEC) has submitted guidelines to the White House outlining the applicability of federal securities laws to digital assets, potentially establishing a "token classification system" that could impact the registration and regulation of crypto companies. The SEC and CFTC are simultaneously advancing policies to gradually clarify the compliance boundaries for digital assets and prediction markets.

FATF proposes granting more control rights to stablecoin issuers

The FATF recommends that countries mandate stablecoin issuers to integrate smart contract functions to prevent money laundering and illegal funding. It warns of vulnerabilities in unhosted wallets and the use of stablecoins by cybercriminals. Meanwhile, the European Central Bank raises concerns about stablecoins' impact on bank deposits and monetary policy. Despite this, USD-pegged stablecoin supply has risen significantly, with Tether holding the majority.

Kalshi refuses $54 million payout, insider trading controversy heats up in prediction markets

The prediction market platform Kalshi refused to pay users' expected $54 million payout, citing that its contract "exit" definition does not include assassination scenarios. The incident has sparked insider trading allegations against competitor Polymarket. U.S. senators plan to introduce legislation to ban prediction contracts related to government actions, arguing that such markets distort public judgment.