Regulatory Policy

Focuses on global regulatory developments, policy changes, and compliance requirements. It provides in-depth analysis of government regulations and their impact on the cryptocurrency and blockchain industries, helping businesses and investors proactively manage policy-related risks.

Warsh Hearing Concludes: What Are the Notable Signals for the Crypto Industry?

The Senate Banking Committee held a confirmation hearing for Judy Shelton, a Federal Reserve nominee, who faced intense questioning regarding her ability to maintain the central bank's independence amid pressure from President Trump to lower interest rates. Shelton denied any pre-arranged commitments on rate cuts and emphasized her independence, though Democrats remained skeptical, citing contradictions with Trump's public statements. Shelton characterized post-pandemic inflation as a major policy failure and called for a "regime change" in the Fed’s approach, including reforms to inflation measurement and communication strategies. She criticized the current practice of Fed officials frequently signaling future rate moves and did not commit to maintaining post-meeting press conferences, suggesting potential reductions in transparency. Regarding crypto markets, Shelton’s extensive investments in digital asset companies—including Solana, DeFi, and blockchain infrastructure—were noted, though she has pledged to divest these holdings due to ethics rules. Her familiarity with the crypto industry and deregulatory leanings may signal a more open, though cautious, stance toward digital assets. However, concerns were raised about potential conflicts of interest, especially given Trump family involvement in crypto-financial ventures. The timing of her confirmation remains uncertain, pending a Justice Department investigation into current Chair Powell. Shelton’s potential leadership could lead to a more hawkish, productivity-focused Fed with tighter policy communication—factors that may significantly influence liquidity conditions and macro narratives for crypto markets.

marsbit04/22 13:34

Warsh Hearing Concludes: What Are the Notable Signals for the Crypto Industry?

marsbit04/22 13:34

"Form Over Substance" Fed Hearing: Warsh Avoids Interest Rates, But Offers Reassurance for Crypto

Kevin Wash, nominee for Federal Reserve Chair, testified before the Senate Banking Committee, emphasizing his independence from former President Trump and stating that Trump never asked him to commit to specific interest rate decisions. Wash avoided extensive discussion on monetary policy but called for institutional reforms at the Fed, advocating for a gradual and cautious reduction of the balance sheet without clear signals on rate cuts. The hearing was seen as largely symbolic, with Wash’s confirmation hinging on political negotiations offstage, particularly whether Trump drops his investigation into current Chair Powell. Notably, Wash expressed a crypto-friendly stance, acknowledging digital assets as part of the U.S. financial services industry and committing to divest his own crypto holdings if confirmed. This marks a positive signal for the crypto market from a potential Fed leader.

Odaily星球日报04/22 12:05

"Form Over Substance" Fed Hearing: Warsh Avoids Interest Rates, But Offers Reassurance for Crypto

Odaily星球日报04/22 12:05

Justin Sun Sues World Liberty Financial Over Token Freeze Dispute

Justin Sun, founder of Tron, has filed a lawsuit in a California federal court against World Liberty Financial (WLFI), a project backed by the Trump family. Sun alleges the project threatened to burn his tokens and froze them without providing a reason. He stated he resorted to litigation after failed attempts to resolve the matter directly with the team. The dispute centers around a new WLFI governance proposal that would lock tokens for founders and advisors for two years, release them gradually over three years, and burn 10% of the tokens. Sun criticized the plan as non-transparent and harmful, arguing it would permanently freeze tokens of holders who do not explicitly accept its terms. He had previously raised concerns that 76% of the voting power came from just 10 wallets. WLFI has denied Sun's claims as "baseless allegations," stating they have evidence and are prepared for a legal battle. Despite the lawsuit, Sun reaffirmed his support for former President Trump and his administration's crypto-friendly policies.

TheNewsCrypto04/22 11:56

Justin Sun Sues World Liberty Financial Over Token Freeze Dispute

TheNewsCrypto04/22 11:56

Hong Kong Web3 Carnival: The Watershed Moment for Web3 Entering the Execution Phase

The 2026 Hong Kong Web3 Carnival marked a significant shift from previous industry discussions, signaling that Web3 has moved beyond theoretical validation into a phase of institutional and structural implementation. Hong Kong is not merely building a "Web3 industry cluster" but developing an operating system for the next-generation financial infrastructure. Key developments include the expansion of asset tokenization beyond cryptocurrencies to encompass bonds, real estate, and future income rights. This transition represents a fundamental restructuring of financial logic—shifting from institution-dominated asset control to rule-driven, programmable asset流动性 and distribution. Tokenization enables lower-friction participation and broader access to financial resources. Concurrently, AI is evolving from a tool into an autonomous economic agent. The proposed Decentralized Agentic Economy (DAE) framework suggests AI agents, empowered by blockchain-based identity and programmable money, will independently execute transactions and strategies—redefining market dynamics and reducing intermediation. Regulatory progress has been systematic: Hong Kong has expanded oversight to include exchanges, custody, staking, and derivatives, while gradually approving products like tokenized funds and stablecoins. The "same risk, same regulation" principle, combined with sandbox mechanisms, provides stability and transparency—key advantages in a globally fragmented regulatory landscape. Hong Kong’s approach integrates three core elements: real-world asset (RWA) tokenization, stablecoin settlement networks, and AI-driven economic agents. This systemic build-up positions Hong Kong not just as a participant but as a potential rule-maker in the next-era financial system, where asset flow, rules, and participants are simultaneously transformed.

marsbit04/22 10:50

Hong Kong Web3 Carnival: The Watershed Moment for Web3 Entering the Execution Phase

marsbit04/22 10:50

Ceasefire Indefinitely Extended, How Long Will the US-Iran Conflict Continue to Be a Tug-of-War?

President Trump has indefinitely extended the ceasefire with Iran while maintaining a naval blockade of the Strait of Hormuz, stating the truce will last until Iran presents a new proposal and negotiations conclude. The decision follows the collapse of planned peace talks after Iranian representatives refused to attend, calling U.S. conditions unacceptable. Iran has not requested the extension and maintains a firm stance, keeping the strait closed as long as the blockade persists. The prolonged standoff has heightened global market volatility, with oil prices rising sharply. Despite the temporary truce, the lack of a clear diplomatic framework and mutual distrust suggest the situation remains a fragile, unstable equilibrium, with risks of escalation persisting.

marsbit04/22 09:04

Ceasefire Indefinitely Extended, How Long Will the US-Iran Conflict Continue to Be a Tug-of-War?

marsbit04/22 09:04

On the Eve of X Money's Launch, Musk Dismantles the Referee First

"X Money Launches After Dismantling Regulator: Musk's 9-Day Power Play" In February 2025, a team from the "Department of Government Efficiency" (DOGE), led by Elon Musk, entered the Consumer Financial Protection Bureau (CFPB) headquarters. Shortly after, the CFPB was effectively dismantled—its funding frozen, activities suspended, and nearly 90% of staff laid off. This move came just nine days after X announced a partnership with Visa and as X Money prepared to launch. The article contrasts this with the decade-long regulatory battles faced by companies like Coinbase and PayPal. Coinbase spent over $75 million in political contributions and endured a major SEC lawsuit to operate legally. PayPal complied with strict state and federal rules for its stablecoin PYUSD, including 100% reserve requirements and monthly audits. However, Musk’s approach was different. After the CFPB introduced a rule placing large digital payment apps under federal oversight, Musk tweeted "Delete CFPB." Within months, the rule was revoked by Congress. Meanwhile, DOGE operatives gained "god-tier" access to CFPB databases, potentially obtaining sensitive competitive information from rivals like Apple, Google, and PayPal. The article also highlights a "suspicious exemption clause" in the GENIUS Act, which allows private companies like X to issue stablecoins with fewer restrictions. Senator Elizabeth Warren questioned whether Musk, who was a senior presidential advisor during the Act’s drafting, influenced this clause. X Money offers a 6% APY on deposits, despite FDIC warnings that stablecoin users are not insured. As X Money launches to 600 million monthly users, the article questions the fairness of a system where Musk can bypass regulations that others spent years and millions to comply with. The dismantling of the CFPB and the alleged regulatory advantages raise concerns about the future of equitable rule-making in the U.S. financial system.

marsbit04/22 07:35

On the Eve of X Money's Launch, Musk Dismantles the Referee First

marsbit04/22 07:35

Warsh Hearing Firmly States: Will Never Be Trump's 'Puppet', Vows to Uphold Federal Reserve Independence

In a Senate Banking Committee hearing on his nomination as Federal Reserve Chair, Kevin Warsh strongly emphasized the Fed's independence, vowing he would "absolutely not" be a "puppet" for former President Trump. He stated that Trump never asked for, and he would never have given, any promise to cut interest rates. Warsh outlined plans for significant reforms at the Fed, including a new inflation framework, less frequent communication from officials, and a gradual reduction of its $6.7 trillion balance sheet. He argued the Fed's recent struggles were self-inflicted and that its large balance sheet had exacerbated wealth inequality ("K-shaped" economy). While not explicitly calling for rate cuts, Warsh suggested AI could boost productivity and create room for them, though he acknowledged its short-term inflationary risks. He also supported integrating digital assets into the financial system but opposed a Fed-issued CBDC. A key obstacle to his confirmation remains Senator Tillis, who vowed to block the nomination until a Justice Department investigation into Chair Powell is resolved.

marsbit04/22 02:58

Warsh Hearing Firmly States: Will Never Be Trump's 'Puppet', Vows to Uphold Federal Reserve Independence

marsbit04/22 02:58

Is It Illegal for Crypto KOLs to Run Paid Communities and Sell Courses?

Summary: This article, authored by lawyer Shao Shiwei, addresses the legal risks faced by crypto Key Opinion Leaders (KOLs) who offer paid communities and courses related to cryptocurrency trading. The author explains that while there is no direct licensing system for such activities in China, authorities still reference virtual currency policies in enforcement. KOL activities are categorized into three risk levels: 1. Low-risk: Historical trend analysis and basic education without real-time guidance. 2. Medium-risk: Providing daily market analysis and ambiguous suggestions (e.g., "this position is worth watching"). 3. High-risk: Explicit trading signals, specific buy/sell points, or profit-sharing arrangements. Key legal risks include civil liability (e.g., user lawsuits over losses) and criminal charges (e.g., fraud accusations if users suffer losses). Even disclaimers like "not investment advice" may not protect KOLs, as courts focus on the实质 (substance) of the content. The article emphasizes that risk depends on whether content is perceived as operational guidance, its influence on user decisions, and payment structures. KOLs are advised to assess their specific business models carefully.

marsbit04/22 01:40

Is It Illegal for Crypto KOLs to Run Paid Communities and Sell Courses?

marsbit04/22 01:40

New York AG Sues Coinbase, Gemini Over Alleged State Law Violations

New York Attorney General Letitia James has filed a lawsuit against Coinbase and Gemini, alleging their prediction markets violate state gambling laws. The complaint argues these platforms operate as unlicensed gambling activities since outcomes rely on chance, not skill. Both companies are also accused of allowing users under 21, the legal age for mobile sports betting in New York. The suit seeks restitution for customers, repayment of illegal profits, civil penalties, and restrictions on marketing, including a ban on promoting services on college campuses. Following the news, Coinbase's stock fell roughly 10%, while Gemini's dropped about 4%.

bitcoinist04/21 20:02

New York AG Sues Coinbase, Gemini Over Alleged State Law Violations

bitcoinist04/21 20:02

What To Know About This Week’s CLARITY Act Push—And Why Mid-May Is Now Key

After months of delay, the Senate is approaching a decisive moment for the CLARITY Act, with mid-May emerging as a critical timeframe. Pressure from traditional banking groups, particularly concerning stablecoin yield restrictions, is causing potential delays. Banking associations are urging members to voice concerns to key negotiators like Senator Thom Tillis. Although a recent compromise largely satisfied the crypto industry, unresolved issues remain, including ethics and DeFi provisions. The markup could be postponed until after the Senate's recess, pending further negotiations.

bitcoinist04/21 15:32

What To Know About This Week’s CLARITY Act Push—And Why Mid-May Is Now Key