News linked to this event type.
Odaily News Kevin Warsh stated during a Senate hearing that digital assets "have become part of the U.S. financial system" and supports their inclusion into the financial system to provide investors with more opportunities and protection.This statement is seen as a signal of a generally more open policy towards the cryptocurrency industry should he become the Federal Reserve Chair. Warsh has previously referred to Bitcoin as an "important asset that aids in policy-making."However, Elizabeth Warren expressed concerns during the hearing, mentioning potential risks in the crypto space such as "sock puppet" accounts, emphasizing the need for enhanced regulation and prevention of abuse.
Odaily News Letitia James has filed lawsuits against Coinbase and Gemini, alleging that they provide "disguised gambling" services through their prediction market platforms, violating New York state law.Regulators argue that this type of trading based on event outcomes (such as sports, elections) is essentially a form of gambling activity. They particularly question the platforms allowing participation from users aged 18 to 21, while New York law sets the minimum age for sports betting at 21. Prosecutors are seeking substantial fines and the disgorgement of profits, including claims of at least $2.2 billion from Coinbase and at least $1.2 billion from Gemini.The two companies have not yet formally responded, but Coinbase stated that prediction markets are regulated by the Commodity Futures Trading Commission, implying their legality falls under federal jurisdiction.
Odaily News The PACE Act, proposed by bipartisan U.S. lawmakers, aims to allow compliant non-bank payment institutions direct access to the Federal Reserve's payment system, garnering support from the cryptocurrency industry.The bill would establish a federal framework overseen by the Office of the Comptroller of the Currency, providing a unified registration pathway for payment companies and requiring them to maintain 1:1 reserves while meeting risk control and record-keeping compliance requirements. Eligible institutions would gain access to core payment networks such as Fedwire, FedNow, and FedACH.The legislative goal is to reduce payment costs, improve speed and reliability, making the transfer experience as simple as "sending a text message." Industry perspectives suggest this move could potentially break the traditional banking monopoly on underlying payment infrastructure, opening a crucial gateway for stablecoins and crypto payment companies, further promoting openness and competition within the financial system.
According to CoinDesk, U.S. Representatives have introduced the “PACE Act,” aimed at modernizing the U.S. payment system. The bill would allow qualified companies direct access to the Federal Reserve’s payment rails to reduce payment delays, lower transaction fees, and accelerate fund transfers for consumers and businesses. The report notes that the proposal has garnered support from fintech and cryptocurrency groups, with the goal of making the payment system faster, lower-cost, and more competitive.
According to Cointelegraph, Poland’s parliament has yet to pass the domestic legislation aligning with the EU’s Markets in Crypto-Assets (MiCA) regulatory framework, making Poland the last EU member state to complete this legislative process. With the MiCA transition period set to end on July 1, continued delays in enacting the bill could pose greater compliance challenges for local crypto businesses operating in the European market; some companies are already considering relocating to countries such as Latvia and the Czech Republic. Previously, Polish President Karol Nawrocki vetoed the bill twice, citing its overly burdensome regulatory requirements and potential adverse impact on small enterprises.
According to CoinDesk, a UK economic development agency this week invited Bybit’s management team to London for meetings with the UK’s Financial Conduct Authority (FCA) and representatives of the House of Lords to discuss topics including cryptocurrency regulation, corporate establishment, and job creation. Bybit CEO Ben Zhou stated that the UK aims to attract major enterprises to set up local headquarters and drive innovation through stablecoins, tokenization, and payment system reforms. The report notes that this invitation coincides with the UK’s FinTech Week and reflects the UK’s intent to reverse the trend of capital and corporate migration toward the UAE.
U.S. SEC Chairman Paul Atkins stated that, one year into his tenure, the SEC has proposed a strategy to modernize its regulatory framework, clarify jurisdictional boundaries, and reform regulatory rules. This includes laying the groundwork for “making America the global center of cryptocurrency,” safeguarding market integrity and protecting U.S. investors, and advancing the modernization of capital markets regulation. It also aims to resolve the long-standing jurisdictional dispute between the SEC and the CFTC and expand Project Crypto. Atkins added that the SEC is pushing forward reforms to IPO rules—returning to the “materiality” principle—and ending the practice of “enforcement-as-regulation.”
According to The Block, the UK Treasury has unveiled a payment regulatory reform proposal that aims to bring traditional payment services, stablecoins, and tokenized deposits under a unified regulatory framework. The proposal also plans to regulate stablecoins used for payments through subsequent issuance rules. Additionally, it seeks to expand the Financial Conduct Authority’s (FCA) supervisory authority over open banking and explore regulatory adjustments for payment activities conducted by AI agents. Meanwhile, the UK Treasury will provide £1 million in funding to the Centre for Finance, Innovation and Technology starting in April and has appointed Chris Woolard CBE to lead the development of a tokenized financial system for wholesale digital markets.
U.S. SEC Chairman Paul Atkins delivered a speech marking his first anniversary in office at the Economic Club of Washington, D.C. The SEC is advancing reforms to its digital asset regulatory framework, integrating them into its “A-C-T” strategy—modernizing regulation, clarifying regulatory boundaries, and reshaping the rulemaking system. Regarding crypto assets, the SEC has released a classification framework for crypto tokens, categorizing digital assets into five types—four of which are not considered securities. Atkins stated that the SEC will soon introduce an “Innovation Exemption” mechanism, providing a limited, compliant framework for market participants to conduct tokenized securities transactions on-chain. The SEC has also launched Project Crypto to adapt securities rules and the regulatory system to the growing trend of capital markets moving on-chain. Additionally, last month the SEC signed a Memorandum of Understanding (MOU) with the CFTC to harmonize key definitions, clarify regulatory jurisdictions, and coordinate oversight of shared regulatory matters—including digital assets. Atkins further noted that the U.S.’s prior approach to crypto asset regulation had driven innovation overseas.
According to Bloomberg, 39 signatories—including Nasdaq, the Boerse Stuttgart Group, and fintech associations from multiple countries—have called on the European Commission and the European Parliament to expedite the review of the Distributed Ledger Technology (DLT) Pilot Regime as a standalone piece of legislation and to separate it from the EU’s Market Integration and Supervision program. The signatories warned that if the overall negotiation process drags on, Europe risks falling behind the United States in DLT adoption. They urged the removal of asset-class restrictions, an increase in the aggregate transaction volume cap to €150 billion, and the elimination of license time limits. The letter also noted that the U.S. has already established a stablecoin regulatory framework through the GENIUS Act and is rapidly establishing leadership in tokenized assets. The European Commission is currently pushing for a swift resolution of the entire regulatory package, viewing it as a key component of its Capital Markets Union initiative. Financial Services Commissioner Maria Luisa Albuquerque has previously called repeatedly for all legislative proposals to be adopted simultaneously.
Cryptocurrency investment firm Unicoin Inc. has announced the establishment of the independent Unicoin Foundation, a mission-driven organization prioritizing education to advance the responsible adoption of blockchain technology and expand access to the digital economy. The Foundation will focus on financial literacy education, entrepreneurship training, and ecosystem support under the banner of “Crypto for Good,” with particular emphasis on women and underserved communities. In terms of governance, Robert Newman serves as Chair of the Foundation’s Board, which comprises 27 directors—all Unicoin investors elected by shareholder vote. Over 4,000 shareholders participated in the vote, with nearly 99% approving the transition to an independent foundation structure. Unicoin stated that this restructuring aligns with the “token taxonomy” framework proposed by U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins.
The Securities and Exchange Commission (SEC) of the Philippines has issued an investor alert warning the public against investing on seven cryptocurrency trading platforms: dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, and Ostium. The SEC stated that these platforms are not registered with the Commission and have not obtained the necessary authorizations required under the Crypto Asset Service Provider (CASP) framework. The SEC also warned that individuals promoting these platforms within the Philippines may face criminal liability, including fines of up to PHP 5,000,000 (approximately USD 89,000) or imprisonment for up to 21 years.
According to DL News, the Russian government has published a draft bill on the State Duma’s website proposing criminal liability—including up to seven years of forced labor—for organizing cryptocurrency circulation without registration or without approval from the Central Bank of Russia. The draft states that ordinary violators could face fines of up to approximately $4,000 and imprisonment of up to four years; operators of large cryptocurrency exchanges could face fines of up to approximately $13,000, with responsible individuals facing five to seven years’ imprisonment. The bill also proposes requiring most cryptocurrency transactions to be conducted via commercial bank apps and imposes penalties on industrial-scale cryptocurrency miners who fail to declare their activities. If approved by the State Duma and the President, the new regulations are scheduled to take effect on July 1, 2027.
On-chain investigator ZachXBT updated that funds related to the KelpDAO attack have begun moving: approximately $1.5 million has been cross-chained from Ethereum Mainnet to the Bitcoin network via Thorchain, and roughly $78,000 has been transferred via Umbra. The attacking address initially sourced its funds from Tornado Cash, and fund laundering and cross-chain transfers are ongoing.
Odaily News A consortium of 12 European banks, led by Qivalis, has selected Fireblocks to provide infrastructure for the joint development of a euro stablecoin compliant with the MiCA regulatory framework. The stablecoin is scheduled to launch in the second half of 2026, pending approval from the Dutch central bank. It will be backed 1:1 by euro reserves and issued as electronic money under Dutch regulation, primarily targeting scenarios such as institutional settlement, fund management, and asset tokenization. Fireblocks will provide support for tokenization, wallets, and compliance tools, including identity verification and sanctions screening features. (Cointelegraph)
According to CoinDesk, custody provider Fireblocks will handle the issuance and distribution of the Qivalis consortium’s euro-pegged stablecoin. The project is expected to launch in the second half of 2026, under supervision by the Dutch Central Bank and in compliance with the EU’s Markets in Crypto-Assets Regulation (MiCA). Qivalis members include 12 European banks, such as BBVA, BNP Paribas, ING, and UniCredit. The report notes that the current stablecoin market size stands at approximately $30.5 billion, of which about 99% consists of U.S. dollar–pegged stablecoins, while euro-pegged stablecoins account for roughly $650 million. Qivalis aims to boost institutional adoption of euro stablecoins through a compliant product.
Odaily News Coin Center released a report stating that cryptocurrency software code constitutes "functional speech" and should be protected under the First Amendment of the U.S. Constitution. The organization argues that writing and publishing code is akin to writing a book or publishing a recipe; developers are "expressers and inventors," not custodians of assets or intermediaries.The report points out that the mere act of publishing and maintaining software should be strictly protected. However, when developers directly control user assets, execute transactions on behalf of users, or make decisions for users, they may enter a realm subject to regulation.This statement comes at a time of increasing regulatory controversy. Coin Center emphasized that developers should not be treated as financial intermediaries for the convenience of law enforcement. It calls for upholding existing free speech principles in the context of new technologies, rather than expanding the boundaries of criminal liability. (Cointelegraph)
Odaily News Ripple has announced a phased roadmap, planning to advance the XRP Ledger towards a quantum-resistant upgrade by 2028. The plan includes formulating a "Quantum-Day" contingency plan to address potential sudden threats from quantum computing and will involve preliminary testing and validation in collaboration with Project Eleven. Ripple stated that this initiative aims to prepare in advance for the transition to post-quantum security, with the entire plan to be implemented in four phases:Phase 1: Q-Day Emergency Preparedness (Initiated). Establish a Quantum Day (Q-Day) emergency response mechanism. If existing classical cryptographic systems are suddenly compromised, the network will immediately stop accepting traditional public key signatures and enforce a mandatory migration to quantum-safe accounts.Phase 2: Risk Assessment & Algorithm Testing (First Half of 2026). Conduct a comprehensive assessment of the impact of post-quantum cryptography on the XRP Ledger's network performance, storage, and bandwidth. Collaborate with Project Eleven to perform validator-level testing and Devnet benchmarking, deploy the NIST-standardized ML-DSA quantum-safe signature scheme, and develop a prototype for a post-quantum custody wallet.Phase 3: Devnet Hybrid Integration (Second Half of 2026). Integrate candidate post-quantum signature schemes in parallel with existing elliptic curve signatures on the Developer Network (Devnet), allowing developers to test performance and system impact without affecting the mainnet. Simultaneously explore post-quantum zero-knowledge proof primitives and homomorphic encryption technologies for Confidential Transfers, to advance the privacy and compliance capabilities for tokenized real-world assets on the XRPL.Phase 4: Mainnet Full Upgrade (Target 2028). Submit a formal protocol Amendment. Upon approval through validator voting, natively enable full post-quantum cryptography on the mainnet. (Cointelegraph)
According to Jayati Ghosh, Professor of Economics at the University of Manchester, writing in the Bangkok Post, the Trump administration has vigorously pushed for deregulation of cryptocurrencies and promoted dollar-pegged stablecoins through the GENIUS Act, while refusing to develop central bank digital currencies (CBDCs). Yet these policies are producing a self-defeating effect: in 2025, illegal cryptocurrency transaction volumes surged over 160% year-on-year, and countries including Russia, Iran, and North Korea are leveraging cryptocurrencies on a large scale to circumvent U.S. economic sanctions. Iran, for instance, has integrated cryptocurrencies into its toll-collection system for the Strait of Hormuz, with estimated daily revenues reaching as high as $36 million; Russia, meanwhile, is using cryptocurrency exchanges to bypass asset-freeze orders and finance military procurement.
According to the official announcement, Layer 1 public blockchain Pharos has unveiled the tokenomics for its native token PROS, with a total supply of 1 billion tokens. The initial supply allocation is as follows: Foundation Treasury (16%), Lab Co. Treasury (9%), Team (20%), Investors (20%), Ecosystem & Community (21%—including 6% for community airdrops: 1% unlocked at TGE and 5% reserved for future community growth and airdrop incentives), and Node & Liquidity Incentives (14%). Core team members and private-sale investors are subject to a 12-month lock-up period followed by a 36-month linear vesting schedule. Certain treasury and incentive allocations extend vesting periods to 48–60 months. PROS serves multiple functions: transaction fees, PoS staking, validator participation, governance, ecosystem incentives, and potential RWA-specific use cases. The staking issuance policy adopts a phased approach: zero inflation during the first six months following mainnet launch; starting in Month 7, annual inflation is set at 5%, subject to dynamic adjustment by the Foundation based on network operational conditions.