U.S. Treasury Secretary Yellen: The Crypto Market Structure Act needs to be passed this spring

White House advisor responds to Jamie Dimon: Stablecoin yields are not equivalent to bank deposits; GENIUS Act regulatory logic becomes the focus again

The controversy over US stablecoin regulation is intensifying. White House Digital Asset Advisor Patrick Witt rebutted JPMorgan Chase CEO Jamie Dimon's views, emphasizing that stablecoin yields are different from bank deposit interest. Although the GENIUS Act has established a regulatory framework for stablecoins, the divergence between banks and the crypto industry regarding revenue models has not been resolved, and no consensus has been reached between the two sides.

The U.S. Senate advances CBDC ban bill, digital dollar restricted until 2030

The U.S. Senate advances the "21st Century Housing Roadmap Act," explicitly restricting the Federal Reserve from issuing central bank digital currencies before 2030, aiming to improve housing affordability and protect financial privacy. The bill is supported by the White House, but the expiration clause in 2030 has sparked uncertainty, and future CBDC policies remain controversial.

FATF: Iran and North Korea frequently use stablecoins for money laundering, involving a total of $51 billion in fraud-related funds

The latest FATF report indicates that stablecoins have become the preferred method for illegal transactions by sanctioned countries such as Iran and North Korea, with estimated related activities reaching $51 billion in 2024. The report recommends that countries strengthen regulation of stablecoin issuers rather than imposing a complete ban to prevent money laundering and fund transfers.

Polymarket removes "Nuclear Explosion Prediction Market," trading volume exceeds $830,000, sparking regulatory and insider trading controversy

Decentralized prediction platform Polymarket has delisted the "When will nuclear weapons be detonated" market due to controversy, with a total trading volume exceeding $838,000, raising ethical and regulatory concerns. Analysts point out that betting related to the conflict poses a risk of misleading. U.S. regulators are concerned about the potential risks of prediction markets and plan to establish unified regulatory standards.

Cryptocurrency ATMs Banned, Retirement Accounts Open for Investment! Indiana Advances Dual-Track Legislation

Indiana Governor signed HB 1042, requiring public retirement plans to offer cryptocurrency investment options by 2027, including consumer protection provisions. At the same time, HB 1116 bans the operation of cryptocurrency ATMs statewide, reflecting a dual-track regulatory stance by the state government on cryptocurrency policy.

Key Milestone in US Crypto Regulation: CFTC Chair Urges Rapid Passage of the "CLARITY Act," Industry Divisions Widen

The legislative process for the U.S. digital asset regulatory framework is accelerating, with CFTC Chairman urging Congress to pass the "CLARITY Act," considering it a crucial foundation for building cryptocurrency regulation. Trump also supports the bill, but its legislation still faces disagreements, particularly on stablecoin yield mechanisms and regulatory scope. Industry representatives have expressed concerns about the current draft, believing that excessive regulation should be avoided. Congress will revisit these issues later this month.