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.

Australian Senate Committee Backs Major Crypto Regulation Bill

An Australian Senate committee has endorsed a significant crypto regulatory bill, the Corporations Amendment Bill 2025, which mandates that digital asset platforms obtain an Australian Financial Services Licence. The bill aims to enhance consumer protection by regulating intermediaries that hold customer assets or facilitate trading, rather than the underlying blockchain technology. It introduces clear definitions for digital tokens and applies existing financial services laws to crypto platforms, including rules for asset custody, transaction execution, and disclosure. The legislation, widely supported by industry groups, is part of Australia's broader effort to establish a comprehensive, technology-neutral regulatory framework aligned with international standards.

TheNewsCrypto03/16 11:22

Australian Senate Committee Backs Major Crypto Regulation Bill

TheNewsCrypto03/16 11:22

Crypto’s CLARITY Act May Miss 2026 Window Without April Action

Reports indicate the CLARITY Act, a key crypto regulation bill, may miss its 2026 legislative window without committee approval by the end of April. Analysts warn that failure to advance by then could delay passage until 2027 or later. The bill faces significant hurdles, including tight Senate scheduling and deep divisions between banks and crypto firms over stablecoin rewards. Compromise is needed, but lawmakers acknowledge neither side will be fully satisfied. Political priorities and limited floor time further complicate its progress. If delayed, the legislation could extend into the next congressional session or require reworking under new leadership, impacting crypto market structure and stablecoin regulation.

bitcoinist03/16 10:53

Crypto’s CLARITY Act May Miss 2026 Window Without April Action

bitcoinist03/16 10:53

The Endgame of Stablecoins Is a Financial Empire

Tether, the company behind the dominant stablecoin USDT, is aggressively expanding its influence and business operations globally, particularly targeting the US market. With over $100 billion in profits last year and a vast portfolio of investments, Tether is positioning itself as a hybrid of Google and BlackRock in the crypto-financial world. It has moved its global headquarters to El Salvador and is now launching a US-compliant stablecoin, increasing lobbying efforts in Washington, and seeking a valuation of $500 billion. Despite past regulatory scrutiny and ongoing concerns about its use in illicit activities—including by Iran’s Revolutionary Guard—Tether claims to cooperate with global law enforcement and has frozen billions at the request of authorities. The company is also expanding into traditional sectors like commodities, AI, and media, while remaining one of the largest holders of US Treasury bills. Tether’s CEO Paolo Ardoino envisions the company playing a central role in both a potential dollar collapse scenario and a future where the dollar remains dominant. However, the firm still faces transparency challenges, including the lack of a full audit, though it aims to complete one by late 2026. With strong political connections and growing institutional backing, Tether is increasingly intertwined with both crypto and traditional finance.

marsbit03/16 07:58

The Endgame of Stablecoins Is a Financial Empire

marsbit03/16 07:58

The Earliest Regulator to Study Bitcoin: How Did He Step into the Crypto World?

An article titled "How Did the Earliest Regulator Studying Bitcoin Step into the Crypto World?" profiles Mark Wetjen, a former U.S. financial regulator who transitioned into the crypto industry. Wetjen served as a policy advisor in the U.S. Senate, was appointed by President Obama as a commissioner of the CFTC, and even acted as its acting chairman in 2014. During his tenure, he led the first formal U.S. regulatory hearing on digital assets and approved the first Bitcoin derivatives product on a regulated platform. After nearly two decades in traditional finance and regulation, including roles at DTCC and MIAX Futures, Wetjen moved into crypto, joining FTX US before becoming President of Backpack US. He now oversees U.S. operations, regulatory engagement, and business development for the Backpack exchange. Wetjen believes that long-term success in crypto depends on trust and compliance, not just technical features or liquidity. He views Backpack as a platform built with compliance at its core, noting its regulatory approvals in Dubai (VASP license) and Europe (MiFID II authorization), with the U.S. as a key next market. The article frames Wetjen’s career as a bridge between crypto innovation and regulatory frameworks, highlighting a shift from early regulatory skepticism to constructive engagement within the industry.

marsbit03/16 06:10

The Earliest Regulator to Study Bitcoin: How Did He Step into the Crypto World?

marsbit03/16 06:10

The Earliest Regulator to Study Bitcoin: How Did He Step into the Crypto World?

This article explores the journey of Mark Wetjen, a former U.S. regulator who transitioned into the cryptocurrency industry. As a policy advisor in the U.S. Senate and later a commissioner and acting chairman of the CFTC, Wetjen was an early advocate for Bitcoin regulation, leading the first U.S. regulatory hearing on digital assets and approving the first regulated Bitcoin derivatives product. After his tenure in government, he worked in traditional finance infrastructure and later joined FTX US to handle policy and regulatory affairs. He is now President of Backpack US, where he is leading the platform’s expansion into the U.S. market. Wetjen believes that long-term success in crypto depends on trust and compliance, not just technical innovation. He sees Backpack as a company that embeds regulatory compliance into its core design rather than treating it as an afterthought. Under his leadership, Backpack is pursuing a deliberate global compliance strategy, with licenses already secured in Dubai and Europe. Wetjen argues that in the future, the most important competitive advantage for crypto exchanges will be trust—built through consistent compliance, user safety, and the ability to bridge traditional finance with the crypto ecosystem.

Odaily星球日报03/16 06:05

The Earliest Regulator to Study Bitcoin: How Did He Step into the Crypto World?

Odaily星球日报03/16 06:05

U.S. Tax Collection Reaches Wallet Exchanges from 6 Years Ago? Four-Layer Breakdown of the IRS's New Form

The U.S. IRS has introduced a new audit form requiring taxpayers to disclose all digital asset platforms, wallets, and services used, including exchanges like Coinbase, Binance, and defunct entities like FTX, as well as self-custody wallets such as MetaMask and Ledger. This form, part of a broader tax enforcement strategy, mandates detailed account information and transaction history, with penalties for false declarations under perjury laws. This move is not sudden but results from years of regulatory evolution, starting with the 2017 John Doe subpoena to Coinbase, which compelled the exchange to share user data. The 2021 Infrastructure Investment and Jobs Act further classified crypto exchanges as "brokers," requiring them to report user data via Form 1099-DA starting in 2025. The IRS employs a four-layer data approach: exchange reports, traditional financial records, blockchain analysis, and audit questionnaires. While centralized exchanges remain key data sources due to KYC requirements, the focus may shift to on-chain protocols like Hyperliquid, where transactions are transparent but identity linkage is weaker. The IRS typically audits up to three years prior, extendable to six for significant underreporting. High-risk groups include those who reported minimal crypto activity despite acknowledging it, discrepancies in 1099-DA forms, and high-frequency traders during the 2017-2021 bull market. Tax professionals advise consulting experts before responding to audits. Globally, tax authorities like the UK's HMRC and Australia's ATO are also tightening crypto tax reporting, signaling a broader regulatory trend.

Odaily星球日报03/16 02:52

U.S. Tax Collection Reaches Wallet Exchanges from 6 Years Ago? Four-Layer Breakdown of the IRS's New Form

Odaily星球日报03/16 02:52

Deconstructing the Capital Game of Public Chain Pharos: A $950 Million Valuation Propped Up by Photovoltaic and Other Assets, A Shell Transaction Under Layers of Betting?

The article investigates the recent $247.3 million investment by Hong Kong-listed GCL New Energy into the Layer 1 blockchain project Pharos at a $950 million valuation. It reveals the deal is not a straightforward investment but a complex, multi-stage transaction bound by stringent performance milestones. The core of the agreement is a set of mutual, conditional investments. Pharos must first purchase up to $1.5 billion HKD worth of GCL shares. However, GCL's reciprocal investment in Pharos tokens is contingent upon a series of strict, performance-based vesting conditions. The entire deal is split into five tranches, each unlocking only if the Pharos token lists on an exchange without falling below its issue price and maintains a high fully diluted valuation (FDV) over successive three-month periods. If any condition fails, the entire agreement can be terminated. The article questions the legitimacy of the $950 million valuation, which was calculated based on a purported $250 million in Total Value Locked (TVL). Notably, over half of this TVL is claimed to be from real-world assets (RWA), specifically photovoltaic and power station assets linked to GCL—a highly unconventional method for valuing a Layer 1 blockchain. Furthermore, the mainnet is not yet live, and the TVL figure is unverified by independent data platforms. The author suggests the deal is a "capital game" designed to boost GCL's stock price, which saw suspicious pre-announcement surges, and to create hype for the upcoming Pharos token launch, ultimately passing the risk onto the market and future investors.

marsbit03/15 05:49

Deconstructing the Capital Game of Public Chain Pharos: A $950 Million Valuation Propped Up by Photovoltaic and Other Assets, A Shell Transaction Under Layers of Betting?

marsbit03/15 05:49

Custodia Bank Loses Case For Rehearing Over Fed Master Account – Details

Custodia Bank has lost its request for a full court rehearing in its legal battle to obtain a Federal Reserve master account. The US Court of Appeals for the Tenth Circuit upheld an earlier ruling, with a 7-3 vote, affirming the Federal Reserve Bank of Kansas City's (FRBKC) authority to deny such applications. This decision reinforces the Fed's discretion in granting master accounts, which provide direct access to its payment system. Custodia, a crypto bank, had argued the denial was unlawful. The bank's options now include appealing to the US Supreme Court or applying for a special limited master account similar to the one granted to Kraken.

bitcoinist03/15 04:01

Custodia Bank Loses Case For Rehearing Over Fed Master Account – Details

bitcoinist03/15 04:01

DOJ, Europol Freeze $3.5M In Crypto After Dismantling Global Proxy Fraud Network

US and European authorities dismantled SocksEscort, a global proxy service that used malware (AVrecon) to hijack over 369,000 devices in 163 countries, allowing criminals to hide their locations. The service, operating for years, generated at least $5.7 million from users who paid in cryptocurrency for anonymity. A coordinated law enforcement effort across multiple countries resulted in the seizure of 34 domains, takedown of servers, and freezing of $3.5 million in crypto. The network was linked to various crimes, including a $1 million cryptocurrency theft from a New York resident, bank fraud, and account takeovers.

bitcoinist03/14 22:02

DOJ, Europol Freeze $3.5M In Crypto After Dismantling Global Proxy Fraud Network

bitcoinist03/14 22:02

Tax Policy, Not Technology, Is Blocking Bitcoin Payments, Advocates Say

Advocates argue that U.S. tax policy, not technological limitations, is the primary barrier to Bitcoin's use for everyday payments. Under current law, every Bitcoin transaction—no matter how small—is a taxable event requiring capital gains reporting. The Bitcoin Policy Institute is urging Congress to pass a de minimis exemption for small transactions (under a set amount) by August 2026, before midterm elections complicate legislative efforts. Senator Cynthia Lummis introduced a bill for a $300 per-transaction exemption, but it has stalled. With competing bills and a shrinking legislative timeline, the future of such an exemption is uncertain, despite bipartisan support.

bitcoinist03/14 17:32

Tax Policy, Not Technology, Is Blocking Bitcoin Payments, Advocates Say

bitcoinist03/14 17:32

活动图片

Популярные категорииright-arrow

Популярные тегиright-arrow

Indepth Research

Trading Strategies