a16z's two founders have a lunch meeting with Republican senators to advance cryptocurrency market structure legislation

Strengthen the bank–tax interaction! China encourages banks to use blockchain, but people trading coins and tokenizing everything is all illegal.

The Chinese government encourages banks to use blockchain technology to strengthen “bank–tax interactions,” improve the financing environment for small and medium-sized enterprises, and at the same time fully ban private cryptocurrency trading and mining, treating stablecoins and tokenization as illegal activities. This sets a clear policy boundary and emphasizes official supervision and financial security.

SEC Moves First: Independent Crypto Fundraising Rules Are Set to Take Effect, the CLARITY Act Faces an Escalation of the Standoff

The U.S. Securities and Exchange Commission is accelerating the development of a cryptocurrency regulatory framework, proposing a “safe harbor” mechanism to provide compliant financing pathways for crypto startups. Compared with Congress’s “CLARITY Act,” the SEC’s standalone rule set establishes higher financing limits and disclosure standards while also advancing a “tokenization innovation exemption.” Currently, crypto policy is becoming clearer step by step, and the SEC-led rules will be prioritized in shaping the market.

Party fears secret mobilization? Jack Dorsey: China demands Apple pull Bitchat decentralized communication app

Apple removed the decentralized communications app Bitchat due to China’s regulatory requirements. Because of its Bluetooth and mesh networking features, it was deemed to carry a risk of social mobilization and violate China’s Cybersecurity Law. Bitchat’s decentralized architecture makes it difficult for the government to regulate, and it has played a role in protests across multiple countries. The app remains usable outside China, and its downloads have continued to rise recently.

The central banks of Korea and France team up to discuss digital assets: stablecoin regulation accelerates as global rules are being reshaped

The Bank of Korea and France’s foreign exchange bank held a seminar in South Korea on digital assets and climate-related issues, discussing the impact of central bank digital currency and stablecoins on the financial system. During the meeting, countries discussed how to balance financial innovation and regulation, showing the global emphasis on collaborative research in digital finance.

Japan’s Prime Minister embroiled in a Meme coin controversy: SANAE TOKEN surges 40x then crashes, and a major regulatory crackdown is about to land

The Japan SANAE TOKEN incident sparked a political stir, as token promotion involving Prime Minister Sanae Takaiti drew controversy. The market reaction was intense: after the token price surged dramatically, it then fell sharply. Japan’s Financial Services Agency has launched an investigation; regulatory scrutiny will be strengthened, signaling that compliance requirements in the crypto market will rise.

Kalshi Wins in New Jersey: Prediction Markets Get Federal Endorsement, Key Ruling in the Regulatory Authority Battle

American prediction market platform Kalshi made progress in its legal dispute with the state of New Jersey, as a court ruled that its contracts fall under federal regulation and are not gambling. The decision emphasized that the product meets the definition of a “swap transaction,” protecting Kalshi’s operations within the state. This case marks the first time a federal court has considered the legality of a prediction market, and increased attention will be paid to a unified regulatory framework going forward.