The US OCC proposes to value spot crypto ETPs associated with clearing member custodians at zero

A CEX operator wins a lawsuit against South Korea’s Financial Intelligence Unit, and the three-month suspension order is overturned

Gate News update, April 9, a South Korean court issued a ruling in an administrative lawsuit filed by a certain CEX operator against the Financial Intelligence Unit (FIU), deciding to overturn the prior three-month partial business suspension order. The court said that, in the absence of clear implementation guidance from the regulator, the operator had taken measures including customer undertakings and internal monitoring and had met its reasonable obligations. Although there is still debate over whether the measures are sufficient to fully prevent transactions with unreported counterparties, they do not support the earlier penalty decision.

The U.S. Treasury Secretary urges Congress to pass the "Clarity Act" and establish a regulatory framework for digital assets

U.S. Treasury Secretary Bessent urged Congress to pass the “Clear Act” as soon as possible to establish a clear regulatory framework for digital assets. He noted that cryptocurrencies have been widely adopted and emphasized that the United States must proactively maintain its leadership position in global financial regulation.

SEC sharply criticizes Gary Gensler’s era for “enforcing for headline purposes,” announcing an end to aggressive crypto regulation and a return to targeting real fraud

The U.S. Securities and Exchange Commission (SEC) released its 2025 fiscal year enforcement report, disclosing 456 actions and $17.9 billion in penalties, and emphasizing a return to the core of preventing fraud. The newly appointed chair, Atkins, harshly criticized the prior administration’s aggressive regulation and adjusted its enforcement approach toward cryptocurrencies, established a new division to combat technology-based scams, and is committed to protecting investors.

SEC crypto safe harbor proposal submitted for review! Eligible crypto projects can launch without registration

The SEC Chair Paul Atkins confirmed that the cryptocurrency “safe harbor” framework has been submitted to the White House for review. The proposal includes exemptions for newly created and investment contracts to promote the regulation and innovation of digital assets. This move has sparked lively debate within the financial industry and among cryptocurrency advocates, and going forward efforts will be made to strike a balance between protecting investors and promoting innovation.

South Korea is drafting a Digital Assets Framework Act, and stablecoin issuance must obtain bank-level authorization

The Democratic Party of Korea introduced the “Digital Assets Basic Act,” establishing a digital asset regulatory framework, including issuance requirements for stablecoins and rules governing market conduct. In addition, the Financial Services Commission requires exchanges to implement a uniform withdrawal delay to combat voice scams. The core of the bill centers on a dispute over the eligibility requirements for stablecoin issuance, with the central bank and the Financial Services Commission taking different positions.