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ZachXBT Refutes Claims of Dubai Crypto Figure’s Detention, Says Individual Linked to Crypto Scams and Data Ransom

In response to Radha Stirling’s claims regarding alleged abuse of multiple Dubai-based cryptocurrency individuals in UAE detention facilities, on-chain investigator ZachXBT stated that the individuals referred to as “crypto entrepreneurs” are in fact threat actors suspected of involvement in high-impact social engineering cryptocurrency scams and data ransom operations; law enforcement authorities have seized $18.9 million in stolen funds.

Vietnam Plans to Launch Pilot Cryptocurrency Trading Market, Regulators Say Digital Finance Has Entered a Critical Phase

According to CoinDesk, Vietnam’s securities regulator stated that the country’s digital finance is entering a “critical phase.” Senior Vietnamese officials have outlined plans to launch a pilot market for cryptocurrency trading. Data shows Vietnam ranks 7th globally in terms of cryptocurrency user count and 5th in trading growth.

Chile Busts Cryptocurrency Money Laundering Network Involving $800,000

The Office of the United States Trade Representative (USTR) stated in its latest report that Brazil’s instant payment system, Pix, imposes burdens or restrictions on U.S. commerce and indicated that actions could be taken against related policies under Section 301.

U.S. SEC: Advancing a Framework for Security Token Trading and Coordinating Regulatory Policies with the CFTC

According to an official post by the U.S. SEC, Jamie Selway, Director of the Division of Trading and Markets at the U.S. Securities and Exchange Commission (SEC), stated at the Piper Sandler Global Exchanges and Fintech Conference that Chairman Paul Atkins has directed the division to advance the development of a framework for tokenized securities listing and trading, guided by the principle of “promoting innovation without creating regulatory arbitrage.”

U.S. House of Representatives Proposes 20-Year Holding Period for National Strategic Bitcoin Reserve

The bill stipulates that Bitcoin included in the Strategic Bitcoin Reserve shall, in principle, be held for at least 20 years and may not be sold, exchanged, or otherwise disposed of during this period. It also mandates the establishment of a Proof-of-Reserves system to disclose, on a quarterly basis, holdings, transactions, and proof of private key control—subject to independent third-party audits. Additionally, the bill requires a study on the feasibility of increasing Bitcoin holdings over the next five years in a budget-neutral manner.

Greece Plans to Impose 15% Tax on Cryptocurrency Capital Gains

据 Reuters 报道,希腊正准备立法,对加密货币资本利得征收 15% 税,相关法案预计将在未来数月提交议会。两名知情政府官员称,此举旨在将加密货币纳入该国税法体系。

SpaceX IPO Plans to Exclude Chinese and Hong Kong Investors

Odaily News, sources say that underwriters for SpaceX's IPO, valued at approximately $75 billion, have been instructed not to accept subscriptions from investors in Mainland China and Hong Kong (including private banking clients). This is due to technical export and compliance risks associated with the U.S. International Traffic in Arms Regulations (ITAR). It is reported that relevant financial institutions have been required to reject funds from these regions to avoid triggering U.S. national security and data security reviews. On Friday, SpaceX's official website was also found to be inaccessible in Hong Kong and Shanghai, displaying an error message indicating a blocked local IP, reflecting a further tightening of restrictions on Chinese capital at both equity and information levels. (Bloomberg)

Polymarket Exposed for Paying Influencers at Least $350,000 to Promote Its Prediction Market, with Some Content Not Disclosing Commercial Partnerships

Odaily News: Prediction market platform Polymarket's Chief Marketing Officer, Matthew Modabber, was reportedly found to have paid content creators at least $350,000 through his personal PayPal account between January 2025 and February 2026, to promote Polymarket and its prediction market data.Reports indicate that Modabber transferred over $2.5 million to more than 800 individuals over 14 months. According to a Politico investigation, at least 20 influencers who received payments subsequently posted approximately 490 pieces of content related to Polymarket on social media platform X, with the majority failing to clearly disclose the paid partnership.Creators involved include conservative commentator Alex LoRusso, political commentator Brian Krassenstein, and Fox News contributor Riley Gaines. The related posts often described Polymarket's odds changes as "BREAKING" news or event bellwethers, aiming to reinforce the public perception of the platform's predictive accuracy.A Polymarket spokesperson responded that collaborating with content creators is a standard marketing strategy for the company, intended to provide global users with "the most accurate, transparent, and data-driven market insights." However, the company did not address questions regarding why personal accounts were used for payments or whether the related promotions complied with disclosure requirements.The report notes that following Trump's election victory, interest in prediction markets surged, and Polymarket's trading volume grew rapidly. As the platform seeks to re-enter the U.S. market, it is expanding its brand influence through social media and opinion leaders, while also facing scrutiny over information disclosure, market influence, and regulatory compliance. (Politico)

Michael Saylor Outlines Four Ideologies of Bitcoin: Technologists, Fundamentalists, Maximalists, and Capitalists

Odaily Strategy founder and Executive Chairman Michael Saylor published a lengthy post titled "The Four Ideologies of Bitcoin," categorizing the current Bitcoin community into four major ideologies: Bitcoin Maximalists, Bitcoin Capitalists, Bitcoin Technologists, and Bitcoin Fundamentalists.Among them, Maximalists emphasize Bitcoin's status as the dominant digital currency network; Capitalists advocate for deeply integrating Bitcoin into global capital markets, banking systems, and corporate balance sheets; Technologists support enhancing scalability, privacy, and security through technical upgrades; Fundamentalists emphasize self-custody, decentralization, and protocol immutability to prevent Bitcoin from being "captured" by institutions or regulatory forces.Michael Saylor stated that Bitcoin has evolved from a niche technological experiment into a global digital currency network and asset. While different groups all recognize Bitcoin's importance, they differ in its development path, expansion methods, and protection mechanisms. The future success of Bitcoin requires integrating these four perspectives: maintaining core characteristics such as scarcity, security, and decentralization, while also promoting institutional adoption, capital market integration, and higher-level innovation. He pointed out that Bitcoin can simultaneously serve as a currency for individuals, capital for corporations, collateral for banks, a reserve asset for nations, and infrastructure for global financial markets.

HKMA Establishes Tokenized Bond Expert Group

The Hong Kong Monetary Authority (HKMA) announced today the establishment of a Tokenized Bond Expert Group, bringing together industry representatives with relevant experience and a shared interest in the development of Hong Kong’s tokenized bond market, to further advance the application and expansion potential of tokenized bonds in Hong Kong. Members of the Expert Group include representatives from industry associations, financial institutions, law firms, and financial infrastructure and technology providers. Building on the progress achieved to date in the HKMA’s various initiatives related to tokenized bonds, the Expert Group will jointly explore policy measures, market practices, and innovative solutions.

South Korean police launch first investigation into Polymarket users for suspected illegal gambling

According to The Korea Business, South Korean police are investigating domestic users of Polymarket—the world’s largest prediction market platform—for alleged violations of Article 246 of the Criminal Act (gambling offenses), which carries a maximum fine of KRW 10 million. This investigation—led by the Gangwon Provincial Police Agency upon delegation from the National Police Agency—is the first criminal probe targeting Polymarket users in South Korea, covering users nationwide. It is reported that South Korean users placed bets on the platform using USD-pegged stablecoins, with no restrictions imposed by the platform; for instance, the June 3 local elections alone attracted hundreds of billions of won in betting volume.

OKX Star: X Layer will soon launch U.S. stock tokens for xStocks

According to an X post, Star, founder and CEO of OKX, stated: “Tokenized stocks are one of the most important use cases for RWAs. We expect to see xStocks on X Layer soon—bringing global equities on-chain and expanding access to capital markets.” It is reported that X Layer has previously entered a strategic partnership with xStocks, a regulated tokenized stock issuance platform; xStocks-related assets will be gradually integrated into the X Layer ecosystem and OKX Wallet. Star believes that access to global markets should be as open as access to information.

CME Group CEO Expresses Strong Concerns About Perpetual Futures Contracts

According to Bloomberg, Terry Duffy, CEO of CME Group, expressed being “very concerned” about the recently approved perpetual futures contracts (“Perps”) by U.S. regulators. Duffy noted that perpetual futures have limited practical utility for institutional investors and may expose retail traders to excessive risk.

Coinbase Partners with Better to Launch Crypto-Backed Mortgages, Allowing BTC and USDC for Down Payments This Summer

According to Cointelegraph, Coinbase and Better Home & Finance announced they will launch a cryptocurrency-backed mortgage program in summer 2026, enabling qualified borrowers to use bitcoin (BTC) or USDC as collateral to fund down payments on mortgages backed by Fannie Mae. This initiative follows the U.S. Federal Housing Finance Agency’s (FHFA) directive in June 2025 instructing Fannie Mae and Freddie Mac to include crypto assets in mortgage risk assessments—without requiring conversion into fiat currency. Other lenders, including Newrez, have already begun adopting similar measures. However, some U.S. senators have expressed concerns that cryptocurrency price volatility could threaten housing market stability. Republican Senator Cynthia Lummis has introduced the “21st Century Mortgage Act,” aiming to codify this policy into law.

CME CEO: Very Concerned About US-Regulated Crypto Perpetual Futures

Odaily Planet Daily reported that Terry Duffy, CEO of the Chicago Mercantile Exchange Group, said he is very concerned about the perpetual futures contracts recently approved by US regulators. Terry Duffy stated that perpetual futures have almost no practical use for institutional investors but expose retail investors to excessive risk. He completely disagrees with the CFTC's decision to approve the first batch of crypto perpetual futures contracts after a quick review and said he has called the CFTC Chairman to express his concerns.Terry Duffy warned that perpetual futures and prediction markets are fueling a retail speculation frenzy that could be a disaster waiting to happen. The first batch of perpetual futures contracts approved by the CFTC were listed by Kalshi, and multiple US exchanges are also discussing launching their own perpetual futures contracts. (Bloomberg)

OCC Chief: Only Political Pressure from Democrats Regarding World Liberty's Banking License Application

Today, the U.S. House Financial Services Committee held a hearing with banking regulators, focusing on stablecoin rules and the banking license application of World Liberty Financial, a crypto venture associated with the U.S. President.During the hearing, Acting Comptroller of the Currency Jonathan Gould stated that the only political pressure the agency has felt regarding the decision to grant a banking license to World Liberty Financial came from Democrats, and he rejected allegations that the agency was following the President's directives. Additionally, FDIC Chairman Travis Hill indicated that the agency will soon propose a rule requiring stablecoin issuers to implement customer identification procedures. (coindesk)

Chainalysis: Gray-market peptide suppliers accelerate shift to Bitcoin and stablecoins, with Q1 crypto inflows surging 159% year-on-year

According to The Block, blockchain analytics firm Chainalysis’ latest report states that as the gray-market peptide industry’s scale exceeds an annualized $100 million, leading suppliers are accelerating adoption of Bitcoin and stablecoins as primary settlement instruments. In Q1 2026, cryptocurrency inflows into this industry reached $32 million—a 159% quarter-on-quarter surge. Due to widespread bans imposed by traditional banks and credit card payment channels on prescription-grade compounds and unregulated substances, numerous Chinese chemical manufacturers have turned to cryptocurrencies for transactions, with high-value orders especially favoring stablecoins to hedge against price volatility risk.

White House Crypto Advisor Defends the Clarity for Digital Assets Act, Legislative Window May Close in Just Months

According to The Block, Patrick Witt, the White House’s cryptocurrency advisor, characterized the “Clarity for Digital Assets Act” as a “pro-regulation, pro-law-enforcement” bill during a virtual town hall hosted by the Blockchain Association—responding to law enforcement agencies’ concerns that the bill would weaken their ability to combat financial crime. Senator Cynthia Lummis warned that if the bill fails to pass this year, it may not be revisited until 2030. The bill currently faces multiple hurdles, including disputes over its anti-money laundering (AML) provisions, uncertainty regarding whether the “Blockchain Regulatory Certainty Act” (BRCA) would exempt non-custodial developers from money transmission obligations, and unresolved conflicts of interest tied to former President Trump’s personal cryptocurrency investments. Last month, Democratic Senator Catherine Cortez Masto voted against the bill, citing concerns that it would impede law enforcement’s ability to trace illicit funds.

Chainalysis: Gray Market Peptide Suppliers Increasingly Using Bitcoin and Stablecoins

Chainalysis has released a report stating that as demand for gray market peptide products (such as weight loss drugs like semaglutide) grows rapidly, related suppliers and buyers are increasingly using cryptocurrencies for transactions, with leading suppliers primarily relying on Bitcoin and stablecoins.The report shows that crypto funds flowing into this sector reached $32 million in the first quarter of 2026, a 159% increase from $12 million in the previous quarter, with the annualized scale already exceeding $100 million.Chainalysis points out that demand for peptide products is driven by trends in medical aesthetics, health and wellness, and the popularity of GLP-1 drugs. However, since these products often involve prescription-grade compounds or unregulated substances, traditional banks and credit card processors typically restrict their transactions, prompting the market to shift towards crypto payments.The agency also noted that some leading suppliers have adopted more professional on-chain fund management methods. Particularly among suppliers with average single deposits exceeding $1,000, the proportion of stablecoins has significantly increased, likely to mitigate the risk of large supply chain orders being affected by crypto market volatility.

White House Crypto Advisor Endorses Clarity Act, Says It Benefits Regulation and Enforcement

White House Chief Crypto Advisor Patrick Witt stated that the U.S. crypto market structure bill, the Clarity Act, is a "pro-regulation, pro-enforcement" piece of legislation, pushing back against criticism from some enforcement agencies that it is insufficient to prevent financial crimes.With the midterm elections approaching, the window for Congress to pass the bill is narrowing. Senator Cynthia Lummis warned that if progress cannot be made this year, the bill may not be seriously considered again until after 2030.Currently, the Clarity Act still faces multiple controversies, including arrangements for stablecoin yield, conflicts of interest related to Trump-affiliated crypto businesses, and whether anti-money laundering standards are stringent enough. The latest version also incorporates the Blockchain Regulatory Certainty Act (BRCA), pushed by DeFi advocates, which aims to clarify that non-custodial developers should not be considered money transmitters.However, some law enforcement groups and lawmakers worry that the BRCA and certain provisions of the bill could weaken the ability to trace illicit funds and recover victim assets. Witt countered that lawmakers have already responded to these concerns ahead of the Senate Banking Committee vote by adding new provisions to strengthen the regulatory and enforcement framework. (The Block)