News linked to this event type.
According to Cointelegraph, the Cato Institute—a public policy think tank based in Washington, D.C.—stated that the U.S. should eliminate capital gains taxes on cryptocurrencies such as Bitcoin to reduce taxpayers’ filing burdens and foster monetary competition. Nicholas Anthony, a researcher at the institute, noted that the current tax regime discourages the use of cryptocurrencies as a medium of exchange, since users may trigger taxable events—and increase reporting complexity—each time they use cryptocurrency to purchase goods or services. The report also suggested alternative approaches, including exempting payments for goods and services from capital gains taxation or establishing a minimum threshold for taxation.
According to Newsis, South Korea’s Ministry of Economy and Finance announced on April 16 that the pilot project titled “Blockchain-Based Digital Currency for Treasury Fund Disbursement” has been selected as one of the targeted regulatory sandbox initiatives for 2026. Under this pilot, government agencies’ operational expense disbursements—currently made via government procurement cards—will instead be issued and paid using blockchain-based deposit tokens. The South Korean government stated that this initiative is expected to enhance fund usage transparency by predefining permissible usage timeframes and eligible industries, while also reducing transaction fees for small merchants through a disintermediated payment structure. The pilot is scheduled to officially launch in the fourth quarter of this year, initially in Sejong City, with gradual expansion to other regions thereafter.
Odaily News Ripple announced a partnership with South Korea's major insurance institution, Kyobo Life Insurance, to explore government bond tokenization settlement based on the Ripple Custody platform. The goal is to compress the T+2 settlement cycle for South Korean government bonds to near real-time execution. Both parties stated that they will focus on evaluating the technical and regulatory feasibility of tokenized government bond settlement. Specific transaction scale, launch timeline, and bond types involved have not been disclosed yet, and the overall initiative is still in the pilot exploration phase. Additionally, Kyobo Life will also explore stablecoin-based payment solutions, but specific currencies and implementation timelines have not been clarified. (CoinDesk)
According to Bloomberg, Republican members of the U.S. House of Representatives are advancing a bill that would require the U.S. government to identify Chinese and Russian entities that extract outputs from leading U.S. AI models through improper queries and copying techniques—and then use those outputs to develop competing systems—and to consider imposing sanctions on them. As outlined in the draft bill reviewed, proposed measures include adding violators to the U.S. Department of Commerce’s Entity List and pursuing sanctions under the President’s emergency economic powers granted by the International Emergency Economic Powers Act of 1977.
On-chain lending platform Votre has raised $3.75 million in seed funding, led by a16z Crypto Startup Accelerator, with participation from MaC Venture Capital, Druid Ventures, and angel investors from Goldman Sachs, Harvard University, and OrangeDAO. Founded in 2025, Votre operates a non-custodial crypto lending platform on Coinbase’s Base Layer 2 network, enabling users to borrow USD—settled the same day—using Bitcoin as collateral, with loan sizes ranging from approximately $25,000 to $5 million. The funds will be used to scale technical infrastructure, increase platform capacity, enhance liquidity management tools, and strengthen risk and compliance systems.
According to an official announcement, Aave Labs has launched Aave Checkpoint—a governance security system powered by AI—to conduct structured, multi-layered reviews of governance proposals and payloads before they are executed on-chain. The system has been operational since March 2026 and has covered all governance proposals during that period. Aave Checkpoint combines automated analysis with mandatory manual review: it fetches on-chain payload data, proposal source code, and IPFS-hosted text, then cross-references Seatbelt simulation results to examine execution paths, state changes, and potential risks—generating audit reports accordingly. Each AI-generated report must be signed off by at least two independent reviewers before the review is finalized. Currently, the system supports Aave V3, V4, GHO, and Aptos-v3.
Circle CEO Jeremy Allaire stated that Circle has expanded its collaboration with Dunamu—the operator of Upbit—to support the compliant adoption of digital assets, and broadened its partnership with Bithumb to strengthen stablecoin infrastructure and raise market awareness of stablecoins. Allaire noted that South Korea is rapidly advancing regulation for stablecoins and digital assets, and that local cryptocurrency adoption rates are high. During his time in Seoul, he also met with representatives from KakaoGroup, Coinone, Hashed, Shinhan Bank, KB Financial Group, and Woori Bank.
Odaily News As the U.S. midterm elections approach, the White House is accelerating efforts to promote a crypto market structure bill to ease the long-standing disputes between the banking industry and the crypto sector.Reports indicate that multiple parties, including Treasury Secretary Scott Bessent, White House crypto advisor Patrick Witt, and related policy figures, have recently publicly called for advancing this bill. The U.S. Council of Economic Advisers has also released a report addressing the banking industry's concerns about the crypto sector.Analysts suggest that, based on the timing, the current period may be a critical window for promoting relevant legislation, but uncertainty remains regarding whether the bill can be smoothly passed. (The Hill)
According to Cointelegraph, Denmark’s central bank, Danmarks Nationalbank, published a staff paper stating that only 4% of Danish citizens hold cryptocurrency—a figure unchanged since 2023 and lower than that of other European countries such as Norway, Finland, and the UK, where ownership exceeds 10%. The survey found that most holders own less than 10,000 Danish kroner (DKK) in crypto assets, with total holdings estimated between $317 million and $847 million. The report attributes the limited adoption of cryptocurrency in Denmark to the central bank’s long-standing cautious stance, tax-related considerations, and concerns about risk. Crypto holders are predominantly young and high-income individuals, and the primary use case remains investment rather than payments.
According to Cointelegraph, Tarek Mansour, CEO of prediction market platform Kalshi, stated that Kalshi will launch a “Parent Portal,” allowing parents to submit identification information to verify whether their children are impersonating them to circumvent the platform’s age restrictions. Kalshi will also add selfie verification to accounts, using facial recognition technology to determine whether the user matches the registered identity. The report notes that Kalshi is currently under scrutiny at both the state and federal levels in the U.S. over sports event contracts and wagers related to military operations. Meanwhile, Kalshi has argued in court that it falls exclusively under the jurisdiction of the U.S. Commodity Futures Trading Commission (CFTC), and related state-level lawsuits remain ongoing.
According to Cointelegraph, U.S. Senator Elizabeth Warren sent a letter to Elon Musk requesting clarification on X platform’s planned payment feature, X Money—including its stablecoin and cryptocurrency integration strategy—and warning that it could pose risks to the financial system and U.S. national security. Warren specifically questioned whether X Money would issue its own stablecoin under exemptions provided by the GENIUS Act, and whether users would be adequately informed that their funds are not covered by FDIC deposit insurance. The letter also noted that X Money’s test preview indicates it may offer a 6% deposit interest rate and that it is partnering with Cross River Bank—a bank previously subject to FDIC enforcement actions.
According to CoinDesk, UK-based asset manager Legal & General Asset Management has tokenized over £50 billion in liquid funds via Calastone’s tokenized distribution network. The firm now offers money market funds on this network in the form of tokenized shares, supporting USD, EUR, and GBP, with capabilities spanning issuance, trading, and same-day settlement. Investors can purchase, hold, and transfer these tokenized shares within a permissioned, regulated network. The relevant funds will be deployed on Ethereum and compatible blockchains, with plans to expand to additional networks in the future.
According to market reports, the Commodity Futures Trading Commission (CFTC) has launched an investigation into suspicious oil trades that occurred prior to a related announcement by Trump’s Truth Social platform. The report states that these trades took place before Trump posted relevant information on Truth Social, prompting regulatory scrutiny due to the unusual timing. At present, no further details about the investigation have been disclosed, including the specific trade volumes, involved parties, or subsequent enforcement arrangements.
Odaily News According to Swiss National Bank President Schlegel on Wednesday local time, the uncertainty surrounding Switzerland's inflation outlook is "quite high," and close attention must be paid to whether the impact of the Middle East conflict triggers second-round effects on inflation. Schlegel stated that the rise in energy costs caused by the Middle East conflict is likely a supply shock. "However, second-round effects must be monitored very closely. If we see signs of second-round effects and inflation becomes too high, then central banks should act early and decisively," Schlegel said. Schlegel reviewed the Swiss National Bank's latest monetary policy decision in March, when it kept its benchmark interest rate at zero while slightly raising its inflation forecast for this year to 0.5%. He also noted that the Swiss National Bank's latest projections show that inflation will remain within the target range of 0% to 2% until 2028. "But obviously, the uncertainty around this inflation forecast is currently quite high. Therefore, given the Middle East conflict, our willingness to intervene in the foreign exchange market has increased," Schlegel stated.
Odaily News The Federal Reserve indicated that economic activity continued to expand at a modest to slight pace across most of the United States, as the war with Iran introduced new uncertainties and drove up energy costs. In the Beige Book released on Wednesday, the Fed noted that overall price increases remained moderate, but energy and fuel costs rose "significantly" in all 12 Federal Reserve districts. The Fed stated: "The Middle East conflict is seen as a major source of uncertainty, adding complexity to business decisions regarding hiring, pricing, and capital investment, with many firms adopting a wait-and-see approach." The report, compiled by the New York Fed with data up to April 6, reflects the initial impact of the war on the U.S. economy. The oil price shock triggered by the conflict has pushed up gasoline prices, contributing to the largest monthly increase in U.S. inflation since 2022 recorded in March. Several Fed policymakers have signaled a preference for keeping interest rates stable for an extended period to assess economic data.
Odaily News: On Wednesday, Federal Reserve official Moussalem stated that high oil prices may keep the core inflation rate for the remainder of this year nearly one percentage point above the Fed's 2% target, and the Fed may need to keep interest rates unchanged. Moussalem said, "We are likely to see some pass-through of oil prices to core inflation." By the end of this year, the fundamental measure of price increases will be "slightly below 3%, perhaps around 3%," with risks of further upward movement. Moussalem noted that the Fed might maintain its policy rate within the current range of 3.50%-3.75% for "some time," while monitoring inflation, employment, and economic data in the coming months. Many of his colleagues share this view. The impact of last year's tariff increases may gradually fade this quarter, and housing price inflation is also easing. However, as oil prices rise, inflation in a range of service sectors remains high. If inflation begins to rise and risks pulling up inflation expectations, he would be open to raising interest rates. Moussalem also described the oil market as "the third negative supply shock in 12 months." Coupled with rising tariff rates and stricter immigration regulations, both the inflation outlook and the job market face risks, and economic growth may be impacted. He believes economic growth will slow this year but remain between 1.5% and 2%.
Odaily News Cantor Fitzgerald has donated $10 million to the pro-crypto political action committee Fellowship PAC, which is chaired by Tether U.S. executive Jesse Spiro.Fellowship PAC, established in 2025, has secured over $100 million in pledged funding and aims to support candidates who advocate for digital asset-friendly regulation. The organization has previously spent over $1 million on advertising support in multiple elections.Cantor has a close relationship with Tether, having provided custody services for its stablecoin reserves since 2021. This donation further strengthens their collaboration at the policy level.In addition to Cantor, institutions such as Anchorage Digital have also participated in the donations. Industry insiders believe that as regulatory battles intensify, the crypto industry is continuously increasing its political investment in Washington to push for a clearer and more enforceable regulatory framework.
Odaily News The UK Financial Conduct Authority (FCA) has announced that it is seeking industry feedback on guidance for the UK's future crypto asset regulatory regime, aiming to advance the implementation of a comprehensive regulatory framework set to take effect on October 25, 2027.According to the announcement, this consultation round will last until June 3, 2026, and aims to help businesses understand the impact of the new rules on their operations, while providing compliance guidance for key areas such as stablecoin issuance, crypto trading, custody, and staking. The FCA stated its intention to establish a "competitive and sustainable" crypto market, enabling compliant firms to better serve UK users.The FCA also disclosed that the relevant crypto firm authorization application channel is expected to open in September 2026 and remain open until February 2027. All institutions providing crypto asset services will in the future need to obtain authorization under the Financial Services and Markets Act (FSMA), and those previously registered under the anti-money laundering framework will not be automatically exempt. This guidance consultation is seen as a significant step in the UK's gradual improvement of its crypto regulatory system, marking an acceleration in its transition from partial regulation to a comprehensive licensing regime. (Cointelegraph)
According to DL News, Jeremy Allaire, CEO of stablecoin issuer Circle, stated that the company currently has no plans to launch a Korean won-pegged stablecoin but is closely monitoring legislative developments in South Korea and seeking to expand its business within the local regulatory framework. Should South Korea establish a legal pathway allowing global enterprises to enter the market, Circle would be willing to apply for a license, establish a local branch, and provide technical support to Korean institutions issuing stablecoins.
Decentralized equity asset trading protocol DeShare announced a partnership with compliant digital asset exchange DigiFT to launch the first SpaceX Pre-IPO asset presale on the Monad network. Under the agreement, all SpaceX-related assets will be custodied in compliance by DigiFT, ensuring a 1:1 peg to the underlying real-world asset value and delivering a secure, transparent, and auditable investment experience. This collaboration marks DeShare’s establishment of a full-cycle equity trading ecosystem spanning secondary-market trading of Hong Kong and U.S. equities, IPO subscription, and Pre-IPO allocation. Starting with SpaceX, on-chain investment in high-quality global Pre-IPO equity assets is gradually becoming a reality.