Reminder: The White House has set March 1 as the deadline to resolve stablecoin reward disputes and advance the Clarity Act.

White House CEA: Banning stablecoin yields will have little to no impact on community banks; USDC rewards can still be profitable

The White House Council of Economic Advisers released a report stating that prohibiting crypto companies from offering stablecoin yield will have a negligible impact on community banks, with traditional loan growth of only 0.02%. The report said the ban deprives consumers of competitive returns and reflects tensions between the crypto industry and banking. The conclusion differs significantly from the risks warned by the Community Bankers Association, and could have potential effects on the market and investors.

U.S. SEC Chair Terminates “Enforcement-Style Regulation,” Says 7 Crypto Cases from the Previous Administration Were a Misallocation of Resources

Gate News update: On April 8, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins announced that he has ended “enforcement-led regulation,” and said that the seven crypto-related registration cases brought by the previous administration were a “misallocation of resources,” providing no direct benefit to investors.

South Korea plans to regulate real-world assets and stablecoins, pushing for the legalization of digital assets

The Democratic Party of Korea plans to regulate tokenized real-world assets and stablecoins in the soon-to-be enacted “Framework Act on Digital Assets.” The proposal would require issuers to deposit assets with a trustee-managed trust institution, and classify stablecoins as a means of payment, subject to oversight by foreign exchange regulators. The bill bans earnings from idle stablecoins and calls for the development of interoperable technical standards, aiming to improve market transparency and safety. This marks an important step forward for South Korea’s digital asset regulation.

SEC report disclosure: In the Gary Gensler era, crypto cases “did not bring benefits to investors”

The U.S. Securities and Exchange Commission (SEC) acknowledged in its FY 2025 enforcement report that crypto registration cases under the leadership of the former chair did not effectively protect investors. The current chair, Paul Atkins, emphasized that the focus will be on fraud and market manipulation that directly affect investors’ interests, and has already withdrawn enforcement actions against several crypto companies, which is expected to improve the compliance environment for crypto businesses. This indicates that the SEC is re-evaluating its regulatory strategy, with an emphasis on market health and investor protection.

The U.S. FDIC’s new rules bring stablecoins into the bank regulatory framework, implementing key provisions of the “GENIUS Act”

The Federal Deposit Insurance Corporation (FDIC) has introduced new regulations that bring stablecoin oversight closer to the bank model, requiring issuers to hold safe assets and allowing them to be redeemed on a 1:1 basis. This change strengthens the link between stablecoins and traditional finance, improving transparency and safety, and is expected to attract more institutional investors while promoting the integration of cryptocurrencies with traditional finance.