SEC Chair Says Crypto Market Structure Bill Has Passed the House

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that the focus will be on fraud and market manipulation that directly affect investors’ interests, and has already withdrawn enforcement actions against several crypto companies, which is expected to improve the compliance environment for crypto businesses.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.

Strengthen the interaction between banks and tax authorities! China encourages banks to use blockchain, but everyone who speculates in cryptocurrencies or tries to tokenize things is committing crimes.

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 comprehensively ban private cryptocurrency trading and mining. It treats stablecoins and tokenization as illegal activities, demonstrating clear policy boundaries and emphasizing official oversight and financial security.

Polymarket bets on a U.S.-Iran ceasefire and makes a staggering 3,500% profit—are insider trading allegations heating up?

As U.S.-Iran tensions ease, asset prices rebound. Some traders have predicted the market with pinpoint accuracy to profit from ceasefire gains, sparking discussion about insider trading. Although there is no evidence yet, frequent cases have challenged market fairness, and regulators have begun to pay attention. Polymarket has also updated its rules to strengthen market integrity. The industry faces a key question of balancing openness with compliance.

Bitcoin Collateralized Loans Launch in the U.S.: A Boost for Innovation or an Amplifier of Risk?

U.S. housing finance institution Fannie Mae rolls out a Bitcoin mortgage pilot, allowing borrowers to use Bitcoin as collateral to obtain cash loans, a move that has sparked heated discussion in the market. Experts say the model is suitable for groups with strong financial assets, but it also faces high risk from Bitcoin’s price volatility. Even though it is unlikely to become a mainstream product in the short term, this initiative provides a new path for crypto assets to enter traditional finance.

Party fears secret mobilization? Jack Dorsey: China asks Apple to take down Bitchat decentralized communications app

Apple removed the decentralized communications app Bitchat from the App Store due to China regulatory requirements. Because of its Bluetooth and mesh network features, it was deemed to carry a risk of social mobilization, violating China’s Cybersecurity Law. Bitchat’s decentralized architecture makes it difficult for the government to regulate it, and it has played a role in protests across multiple countries. The app can still be used outside China, and its download numbers have continued to rise recently.