The White House supports the Digital Asset Market Transparency Act

Circle Responds to the Drift Protocol Hack: USDC Freezing Must Be Executed Legally, Urges Faster Crypto Legislation

Circle’s Chief Strategy Officer Dante Disparte responded to the Drift Protocol theft incident, emphasizing that freezing USDC is being carried out according to law, calling for stronger coordination between law and technology, and suggesting that DeFi protocols should draw on protection mechanisms from traditional markets to advance legal protection of property rights and financial privacy.

The ECB supports transferring regulatory powers—such as those over crypto asset service providers—uniformly to the ESMA.

The European Central Bank supports transferring regulatory authority over cross-border financial market participants such as crypto-asset service providers to the European Securities and Markets Authority, with the aim of strengthening the integration of the EU capital markets and their competitiveness; the related proposals will be subject to legislative talks between member states and the European Parliament.

Put the Genius Act into action! The U.S. will bring stablecoin issuers under regulation and require the ability to freeze transactions for “anti-money laundering capabilities.”

The U.S. Department of the Treasury classifies stablecoin issuers as financial institutions, requiring them to comply with anti–money laundering regulations and designating U.S. residents with no criminal record as compliance officers. The new requirements grant issuers the authority to freeze transactions, emphasizing the protection of the financial system and the promotion of technological development. However, regulatory pressure and political power struggles still remain, and the outlook for the market in the future is still to be seen.

Caixin: Polymarket’s use of USDC settlement creates legal risk for participants within China

The article discusses legal disputes involving Polymarket prediction markets, especially the unclear boundary between insider trading and gambling. It emphasizes that using USDC for settlement exposes Chinese participants to legal risk, and it mentions the “End Prediction Market Corruption Act” proposed by a U.S. senator, which prohibits certain government officials and their family members from participating in prediction market trading.

Crypto rumor: If Taiwan’s special act passes, USDT withdrawals will be banned! Crypto City walks you through rebutting each piece of panic-mongering fallacy

Some users on Threads claim that Taiwan’s special legislation will ban USDT trading, saying it is actually fear-based marketing. Experts emphasize that the draft allows overseas stablecoin transactions and urge people to choose regulated exchanges to avoid scams and risks. The government will legally penalize underground coin traders that are not registered to operate. The public should stay rational and not believe online rumors.

A certain CEX has been approved for a Federal Reserve master account, raising concerns about systemic risk and transparency

A cryptocurrency exchange became the first CEX to be approved for a Federal Reserve master account, but the account is restricted—access is limited to the Fedwire payment system, and it cannot earn interest. This move has sparked concerns about financial risk and transparency in the U.S., and regulatory experts warn it could affect financial stability. The exchange said it is complying with anti–money laundering requirements.