Regulation & Policy
Global regulatory and policy developments affecting crypto and digital assets. Each article is summarised by AI into a factual overview of 50 words or fewer.

New York and Illinois ban state employees from participating in prediction markets
New York and Illinois have signed executive orders prohibiting state employees from engaging in prediction markets, aiming to prevent conflicts of interest and maintain public trust.

Thailand regulator considers expanding crypto futures licensing
Thailand's Securities and Exchange Commission is proposing changes to allow crypto companies to offer futures directly, as part of a broader licensing overhaul.

UK conducts nationwide raids to combat illegal peer-to-peer crypto trading
The UK has launched a series of raids targeting illegal peer-to-peer cryptocurrency trading operations, as part of efforts to regulate the sector and protect consumers.

Russia moves forward with crypto bill introducing potential criminal penalties
Russia's legislative body has advanced a crypto bill that may establish criminal penalties for violations in the cryptocurrency sector.

SEC Approaches Release of Onchain Tokenised Securities Exemption, Says Atkins
The SEC is reportedly close to finalising an exemption for onchain tokenised securities, according to Commissioner Hester Peirce. This development could significantly impact the regulatory landscape for digital assets.

New York State sues Coinbase and Gemini over unlicensed prediction markets
New York has filed lawsuits against cryptocurrency exchanges Coinbase and Gemini, alleging they operated unlicensed prediction markets. The state aims to enforce regulations on digital asset trading platforms.

Fed Chair Nominee Kevin Warsh Faces Questions on Conflicts of Interest
Kevin Warsh, nominated for Fed Chair, was questioned about potential conflicts of interest and the importance of maintaining independence during his confirmation hearing.

Poland delays cryptocurrency legislation, prompting firms to relocate
The lack of progress on cryptocurrency regulation in Poland is causing local companies to move their operations abroad in search of more favourable legal environments.

39 Firms Call on EU to Accelerate DLT Regulation Amid US Progress
A coalition of 39 financial firms has urged the European Union to expedite the development of Distributed Ledger Technology regulations, expressing concerns that delays could hinder the region's competitiveness compared to advancements in the United States.

Philippines SEC issues warning on dYdX and six unauthorised crypto platforms
The Securities and Exchange Commission of the Philippines has issued a warning regarding dYdX and six other cryptocurrency platforms operating without authorisation.

Coin Center argues code qualifies as free speech under First Amendment
Coin Center has stated that computer code should be considered a form of functional free speech protected by the First Amendment, highlighting its significance in the cryptocurrency space.

SEC's Crypto Policy Under Paul Atkins Marks Shift from Previous Approach
Paul Atkins' leadership at the SEC over the past year has led to a significant change in the agency's stance on cryptocurrency regulation, moving away from previous policies.

BIS warns dollar stablecoins may impact banks and monetary policy
The Bank for International Settlements has cautioned that dollar-pegged stablecoins could pose risks to banking systems and monetary policy, urging for coordinated global regulatory efforts.

Moody's Analyst: Stablecoins Pose No Immediate Threat to Banks
A Moody's analyst has stated that stablecoins are not expected to threaten the banking sector in the near term, suggesting stability in traditional banking amidst the rise of digital currencies.

Warren accuses SEC's Atkins of misleading Congress on enforcement data
Senator Elizabeth Warren has alleged that Gary Atkins, a commissioner at the SEC, likely misled Congress regarding the agency's enforcement data.

Poland's parliament unable to override presidential veto on crypto legislation
The Polish parliament has once again failed to override the presidential veto on a proposed cryptocurrency bill, impacting the regulatory landscape for digital assets in the country.

SEC charges Donald Basile over $16 million cryptocurrency fraud scheme
The SEC has charged Donald Basile with fraud involving a cryptocurrency scheme that falsely claimed to offer an 'insured' token, resulting in losses of $16 million.

Russia proposes legislation to ban unregistered cryptocurrency services
The Russian government has introduced a bill aimed at criminalising the provision of unregistered cryptocurrency services, reflecting increasing regulatory scrutiny in the sector.

US Senator requests update on Binance monitoring related to Iran sanctions
A US Senator has sought an update on the monitoring of Binance amid ongoing scrutiny regarding the platform's compliance with Iran sanctions.

French Finance Minister Supports Euro-Pegged Stablecoins to Compete with US
The French finance minister has expressed support for euro-pegged stablecoins, aiming to enhance their competitiveness against US counterparts in the digital currency market.

Crypto Executives Enhance Security Measures Amid Rising Wrench Attacks
Executives in the cryptocurrency sector are increasing security protocols in response to a surge in wrench attacks targeting their operations and assets.

Telegram CEO Durov warns EU age-verification app may increase surveillance
Pavel Durov, CEO of Telegram, cautions that the EU's proposed age-verification app could lead to broader tracking of users, raising concerns about privacy and data protection.

Kalshi appeal may escalate prediction markets dispute to US Supreme Court
The legal battle over prediction markets, sparked by Kalshi's appeal, could reach the US Supreme Court, potentially impacting the future of such markets in the country.

CFTC Chair Confirms Continued Rulemaking Amid Lack of Bipartisan Leadership
The CFTC will proceed with its rulemaking efforts despite the absence of bipartisan leadership, according to the Chair. The agency remains committed to advancing its regulatory agenda.

US Victims of OneCoin Scheme Offered Chance for Financial Recovery
Victims of the OneCoin cryptocurrency scam in the US may have an opportunity to recover some of their losses as the fallout from the scheme continues.

Australia's $17 billion crypto opportunity hinges on regulatory framework
Australia's potential $17 billion cryptocurrency market is reliant on the establishment of a clear regulatory framework to support tokenised finance.

Crypto PAC Fellowship reveals $11 million funding from Cantor Fitzgerald, Anchorage Digital
The Crypto PAC Fellowship has disclosed receiving $11 million in funding from Cantor Fitzgerald and Anchorage Digital, aimed at supporting cryptocurrency initiatives.

Crypto PACs influence Ohio races ahead of US midterm elections
Political Action Committees (PACs) focused on cryptocurrency are increasingly participating in Ohio races, reflecting trends expected in the 2024 elections.

Senator Elizabeth Warren Questions Elon Musk on X Money Operations
Senator Elizabeth Warren has raised concerns regarding the operations of X Money, questioning Elon Musk about its implications and regulatory compliance.

UK FCA requests public input on crypto regulation guidance before 2027
The UK Financial Conduct Authority is seeking feedback on its proposed guidance for cryptocurrency regulations, aiming for a rollout in 2027.

Virginia updates law on unclaimed cryptocurrency custody requirements
Virginia has revised its legislation to mandate that unclaimed cryptocurrency must be held in-kind for a minimum of one year before liquidation.

Pakistan permits banks to engage with licensed cryptocurrency firms
Pakistan has lifted a ban on banks serving licensed cryptocurrency companies, allowing them to operate within the financial system after years of restrictions.

EU adviser suggests likelihood of 'MiCA 2' as crypto market evolves
An EU adviser indicated that a second Markets in Crypto-Assets regulation (MiCA 2) is probable as the cryptocurrency market matures.

Crypto and banks clash over new Senate bill proposals
A report highlights ongoing tensions between the cryptocurrency sector and banks regarding new proposals in a Senate bill, raising concerns about regulatory impacts.

Federal Reserve chair nominee reveals cryptocurrency and AI investments
The nominee for Federal Reserve chair has disclosed holdings in cryptocurrency and artificial intelligence, highlighting potential conflicts of interest in financial regulation.

Liberal Democrats urge investigation into Farage's $2.7M Stack BTC promotion
The UK Liberal Democrats have called for a probe into Nigel Farage's involvement in a $2.7 million promotion for Stack BTC, citing concerns over financial regulations and consumer protection.

South Korea imposes $3.5M fine on Coinone and suspends part of its business
South Korea has fined cryptocurrency exchange Coinone $3.5 million and ordered a partial suspension of its operations due to violations related to anti-money laundering regulations.

SEC proposes exemption for some crypto interfaces from broker registration
The SEC has proposed that certain cryptocurrency interfaces may not be required to register as brokers, potentially easing regulatory burdens on these platforms.

Crypto-aligned super PAC starts endorsing candidates for US midterms
A super PAC focused on cryptocurrency has begun endorsing candidates ahead of the US midterm elections, aiming to influence policy and support pro-crypto initiatives.

ECB supports tokenised EU capital markets with regulatory safeguards
The European Central Bank has endorsed the development of tokenised capital markets in the EU, emphasising the need for strict regulatory frameworks to ensure stability and security in the financial system.

Bank of Korea proposes crypto circuit breakers following Bithumb incident
The Bank of Korea has suggested implementing circuit breakers for cryptocurrencies after a recent issue with Bithumb, aiming to enhance market stability and protect investors.

EU Central Bank Supports Crypto Supervision by Markets Watchdog
The European Central Bank has endorsed a proposal for the European Securities and Markets Authority to oversee cryptocurrency regulations, aiming to enhance market stability and investor protection.

US Senator Lummis warns of urgent need to pass CLARITY Act for crypto regulation
Senator Cynthia Lummis stated that the US has a 'last chance' to pass the CLARITY Act, which aims to establish clear regulations for cryptocurrency, before 2030.

Federal court halts Arizona's enforcement against Kalshi's event contracts
A federal court has blocked Arizona's efforts to enforce gambling regulations on Kalshi's event contracts, allowing the platform to continue its operations without state interference.

CFTC announces members of new innovation task force for cryptocurrency
The Commodity Futures Trading Commission has revealed the members of its innovation task force aimed at enhancing clarity in the cryptocurrency sector.

Coinbase CEO supports US Treasury Secretary's CLARITY Act initiative
The CEO of Coinbase has expressed support for the US Treasury Secretary's efforts to pass the CLARITY Act, which aims to provide clearer regulations for the cryptocurrency industry.

Bank of France advocates for stricter MiCA regulations on stablecoin payments
The Bank of France has urged for tougher limits under the Markets in Crypto-Assets (MiCA) regulation concerning stablecoin payments to enhance financial stability and consumer protection.

Hong Kong issues first stablecoin licences to Anchorpoint and HSBC
Hong Kong has granted its first stablecoin licences to Anchorpoint and HSBC, marking a significant step in the region's cryptocurrency regulation.

Japan passes legislation to classify cryptocurrencies as financial instruments
The Japanese government has approved a bill that officially classifies cryptocurrencies as financial instruments, aiming to enhance regulation and oversight in the digital asset sector.

OKX Ventures and HashKey support VPBank's Vietnam crypto pilot initiative
OKX Ventures and HashKey are backing VPBank's efforts to launch a cryptocurrency pilot project in Vietnam, aiming to enhance the country's digital finance landscape.

US lawmakers question Trump over potential memecoin event attendance
US lawmakers are reportedly inquiring whether Donald Trump is using attendance at a memecoin event as a means to attract support.

DOJ and CFTC request to stop Arizona's action against Kalshi
The Department of Justice and the Commodity Futures Trading Commission are seeking to halt legal proceedings initiated by Arizona against Kalshi, a prediction market platform.

South Korea court lifts Upbit suspension due to regulatory gaps
A South Korean court has cancelled the suspension of cryptocurrency exchange Upbit, highlighting regulatory gaps in the current framework.

Bessent urges Congress to advance the CLARITY Act
Bessent is increasing efforts to persuade Congress to pass the CLARITY Act, which aims to provide clearer regulations for the cryptocurrency industry.

Dubai clarifies regulations for token issuance of RWAs and stablecoins
Dubai's Virtual Assets Regulatory Authority has provided clarity on the rules governing the issuance of tokens linked to real-world assets and stablecoins, aiming to enhance regulatory compliance in the sector.

Fed minutes suggest potential for future rate cuts amid ongoing Iran conflict
Federal Reserve minutes indicate that many officials anticipate rate cuts may occur in 2026, despite concerns over risks associated with the Iran war.

US SEC appoints new enforcement chief following predecessor's departure
The US Securities and Exchange Commission has appointed a new enforcement chief amid ongoing questions regarding the exit of the previous director. The change comes as the agency continues to navigate regulatory challenges in the cryptocurrency sector.

US Treasury advances GENIUS Act to combat illicit finance
The US Treasury is progressing with the GENIUS Act, aimed at addressing issues related to illicit finance. The initiative seeks to enhance regulatory measures and improve transparency in financial transactions.

Iran considers cryptocurrency tolls for vessels in Strait of Hormuz
Iran is reportedly exploring the implementation of cryptocurrency tolls for ships navigating the Strait of Hormuz, a key maritime route for global oil shipments.

South Korea Tightens Crypto Withdrawal-Delay Exemptions Following Scam Losses
South Korea has implemented stricter regulations on exemptions for withdrawal delays in cryptocurrency transactions due to increasing losses from scams.

White House economists assess stablecoin yields' impact on banks
Economists from the White House state that yields from stablecoins are unlikely to negatively affect bank lending practices.

South Korea proposes draft bill for stablecoins and RWAs under finance laws
A draft bill in South Korea aims to regulate stablecoins and real-world assets under existing finance laws, reflecting the government's efforts to establish a legal framework for digital currencies.

Thailand plans stricter regulations for crypto firm funding sources
Thailand's Securities and Exchange Commission is proposing new measures to enhance scrutiny of the funding sources behind cryptocurrency firms, aiming to improve transparency and investor protection.

SEC acknowledges some crypto enforcement actions lacked investor benefits
The SEC has admitted that certain enforcement cases in the cryptocurrency sector did not provide any benefits to investors, raising questions about the effectiveness of its regulatory approach.

FDIC proposes regulation for stablecoin issuers under GENIUS Act
The Federal Deposit Insurance Corporation is advancing regulations for stablecoin issuers as part of the GENIUS Act, aiming to enhance oversight and ensure consumer protection in the digital currency market.

Democrats question CFTC chair on prediction markets and insider trading
Democratic lawmakers have raised concerns with the CFTC chair regarding potential insider trading in prediction markets during a recent oversight hearing.

FBI reports Americans lost $11 billion to crypto scams in 2025
The FBI has revealed that Americans lost $11 billion to cryptocurrency scams in 2025, highlighting the growing threat of fraud in the digital currency space.

US prosecutors dismiss Tornado Cash co-founder's dismissal argument
Prosecutors in the US have rejected the argument for dismissal made by the co-founder of Tornado Cash, Roman Storm, regarding copyright claims in his case.

South Korea mandates crypto exchanges to verify holdings every five minutes
The Financial Services Commission of South Korea has ordered cryptocurrency exchanges to verify their holdings every five minutes to enhance transparency and security in the sector.

White House reviews proposed safe harbour for crypto assets regulation
The White House is currently reviewing a proposed safe harbour for crypto assets regulation, which aims to provide clearer guidelines for the industry. This initiative is part of ongoing efforts to address regulatory challenges in the cryptocurrency market.

US Appeals Court Upholds Ruling Against New Jersey's Enforcement on Kalshi
A US appeals court has upheld a decision that prevents New Jersey from enforcing regulations against the prediction market platform Kalshi.

US Senate Banking panel member confirms timeline for crypto market structure
A member of the US Senate Banking Committee has confirmed that a timeline for establishing a crypto market structure is expected in April.

Nevada judge prolongs ban on Kalshi, dismisses event contract argument
A Nevada judge has extended the ban on Kalshi, ruling that it operates as unlicensed gambling and rejecting the company's defence based on event contracts.

Prediction markets challenge legal boundaries in strict Asian jurisdictions
Prediction markets are increasingly testing the legal limits in various strict Asian markets, raising concerns about regulation and compliance.

Polymarket removes betting market on missing US pilot following backlash
Polymarket has taken down a betting market related to a missing US pilot after receiving significant backlash from the public and stakeholders.

Cambodian lawmakers seek harsh penalties for cryptocurrency fraud
Cambodian lawmakers have proposed legislation that would impose severe prison sentences on individuals convicted of cryptocurrency scams, aiming to combat rising fraud in the sector.

US community banks challenge OCC's approval of Coinbase trust charter
Community banks in the US have expressed opposition to the Office of the Comptroller of the Currency's approval of a trust charter for Coinbase, citing concerns over regulatory implications and competition.

Kalshi hires former Democratic strategist amid ongoing legal challenges
Kalshi has appointed a former Democratic strategist as it faces multiple lawsuits at state and federal levels.

Malta's Dispute with ESMA Highlights Broader Crypto Regulation Issues
Malta's ongoing clash with the European Securities and Markets Authority (ESMA) reflects significant challenges in the centralisation of cryptocurrency regulation, raising questions about the future of digital assets in the EU.

Korea Investment & Securities considers acquiring stake in Coinone
Korea Investment & Securities is reportedly exploring the possibility of acquiring a stake in the South Korean cryptocurrency exchange Coinone.



