U.S. Treasury Secretary Yellen: The Crypto Market Structure Act needs to be passed this spring

Major Shift in U.S. Cryptocurrency Regulation: CFTC and SEC Join Forces to Promote "Project Crypto," DeFi and Perpetual Contracts May Be Included in New Regulations

CFTC Chairman Mike Selig stated at the conference that the United States will accelerate the development of a regulatory framework for digital assets, focusing on prediction markets, DeFi, crypto contracts, and other areas. At the same time, the CFTC is strengthening coordination with the SEC to resolve regulatory disagreements, which is expected to promote market compliance and innovative development.

Bitcoin ATM scam causes 333 million yuan in losses annually; Minnesota plans to ban it entirely

Minnesota considers a complete ban on Bitcoin ATMs after scams resulted in $333 million in losses, especially among elderly victims. Law enforcement has difficulty tracking the flow of funds, and the industry remains cautious about the ban, believing that banning alone cannot fundamentally solve the scam problem. Legislators need to evaluate more effective regulatory measures.

U.S. Senator Warns: Stablecoin Yield Disputes Slow Crypto Legislation, Banks and Crypto Industry Must Accept Compromise

The U.S. Senate is advancing legislation on the structure of the crypto market, with stablecoin yield issues becoming a point of controversy. Democratic Senator Angela Alsobrooks and Republican Senator Tom Tillis are working together to seek a compromise, emphasizing the need to find a balance between the crypto industry and the banking sector to avoid impacting financial stability. The banking industry hopes to restrict stablecoin yield payments to prevent capital outflows from the banking system, while the crypto industry opposes this restriction, arguing that yields are key incentives for users. Future regulatory frameworks need to consider the interests of both sides.

U.S. "CLARITY Act" Advancement Stalled: Stablecoin Yield Dispute Becomes the Key, Legislative Window Remaining Only a Few Months

The CLARITY Act is progressing slowly in the U.S. Senate, mainly due to disagreements over stablecoin yield mechanisms. Senators are seeking a compromise, but the banking industry remains cautious, hoping to pass legislation before the 2026 elections. Time is tight, and whether the bill will pass remains uncertain.

ASIC Australia's fintech director: Cryptocurrency is just finance with a new infrastructure system

The Australian Securities and Investments Commission (ASIC) argues that blockchain and cryptocurrency should not be treated as distinct assets, but rather regulated based on their actual economic functions, emphasizing traditional financial activities.

Russia cracks down hard on illegal Bitcoin mining: power theft farms raided, grid losses continue to grow

Russia has recently intensified its crackdown on illegal cryptocurrency mining, uncovering a case of electricity theft using the power grid, involving approximately $9,000 worth of electricity. Nevertheless, the Russian government has not completely banned the mining industry and plans to support compliant mining through regulations to curb the impact of underground mining on the power system.