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.

"Startled from a deathbed illness," SBF desperately flatters Trump for pardon but gets rejected

Sam Bankman-Fried (SBF), the convicted cryptocurrency fraudster and former major donor to the Democratic Party, has recently adopted a pro-Trump and MAGA-aligned rhetoric in a series of social media posts. Despite being sentenced to 25 years in federal prison, SBF has been actively praising Donald Trump and criticizing what he calls the "Deep State" and partisan bias in the judiciary, explicitly naming the judge who sentenced him. His apparent goal is to seek a presidential pardon from Trump, who has previously pardoned high-profile financial criminals, including Binance founder Changpeng Zhao (CZ). However, the Trump administration has reiterated that he has no intention of pardoning SBF, along with several other notable prisoners. SBF, once a prominent supporter of progressive causes, began shifting toward conservative alignment after the collapse of FTX, even planning to appear on Tucker Carlson’s show as a Republican. Despite his efforts, his history as a top Biden donor and his notorious reputation in crypto make a pardon highly unlikely. SBF continues to appeal and maintains an active, conservatively-focused social media presence through approved prison communication channels.

marsbit02/25 06:57

"Startled from a deathbed illness," SBF desperately flatters Trump for pardon but gets rejected

marsbit02/25 06:57

Programmers Must Read: Job Hunting in Web3, Avoid These Four Types of High-Risk Gambling-Related Platforms

Chinese programmer "Xiao Wang" considers a Web3 career transition but faces job offers involving "perpetual contracts, on-chain gambling, and prediction markets," raising legal concerns. A legal team advises caution, identifying four high-risk platform types that may constitute illegal operations under Chinese law, despite attractive salaries and remote work: 1. **Web3 Gaming Platforms**: Often disguised as decentralized games (GameFi) but operate as on-chain casinos using USDT/ETH as chips, with smart contracts handling bets and payouts. Developers building betting logic, random number generators, or fund pools are considered key technical support in gambling operations. 2. **Perpetual Contract Development**: High-leverage crypto trading platforms (e.g., 150x) where users bet on price directions. Courts increasingly view these as gambling, and developers working on matching engines, liquidation systems, or referral programs face liability. 3. **Prediction Markets**: Framed as financial innovation for event forecasting, they essentially function as binary betting on outcomes (e.g., price movements or macro events). Technologists designing prediction contracts or oracle integrations are seen as enabling gambling mechanisms. 4. **Gambling Payment Platforms**: High-risk payment/clearing services for gambling sites, often masked as "payment solutions" or "USDT gateways." Developers building fiat/crypto deposit/withdrawal systems or currency exchange logic may be implicated in providing gambling-related financial services. Key advice: Reject any role where the core business involves "betting on outcomes with platform profit from odds/leverage." Conduct a two-step self-check: 1) Analyze the project’s overall model (white paper/website) for gambling patterns; 2) Scrutinize if your role involves critical components like betting logic, payout rules, or fund settlement. Prioritizing risk avoidance is crucial to prevent potential criminal liability and career disruption.

marsbit02/25 00:08

Programmers Must Read: Job Hunting in Web3, Avoid These Four Types of High-Risk Gambling-Related Platforms

marsbit02/25 00:08

Europe doubles down on ‘same risk, same rules’ approach for crypto derivatives

Europe's securities watchdog ESMA has reaffirmed that crypto derivatives, particularly perpetual contracts, will be regulated under the same "same risk, same rules" framework as traditional high-risk financial products like CFDs. Regulatory treatment depends on a product's economic substance, not its name or marketing. This means leveraged crypto derivatives are subject to existing EU rules, including leverage caps, risk warnings, and investor protection measures under MiFID II. The statement serves as a regulatory reminder, not a new ban, emphasizing that crypto markets must integrate into the existing financial system under established safeguards. Firms must ensure compliance and avoid mass-market promotion of these high-risk products to retail investors.

ambcrypto02/24 22:35

Europe doubles down on ‘same risk, same rules’ approach for crypto derivatives

ambcrypto02/24 22:35

Could A Stablecoin Fund Gaza Relief? Trump’s Board Of Peace Is Considering It

President Donald Trump's advisory group, the Board of Peace, is exploring a plan to issue a US dollar-backed stablecoin to address severe cash shortages and broken banking services in Gaza. The proposal, still in an exploratory phase, aims to facilitate aid distribution and basic trade by allowing people and aid groups to use a digital token for essential purchases like food, medicine, and fuel. Membership on the board reportedly requires a $1 billion contribution, raising concerns over influence. Supporters argue a stablecoin could reduce transaction friction and enable faster aid delivery with fewer intermediaries. However, critics warn of risks including political isolation, patchy internet access, potential manipulation, and unresolved questions about reserve management, auditing, and legal enforcement. No issuing authority has been chosen, and the plan remains preliminary.

bitcoinist02/24 17:31

Could A Stablecoin Fund Gaza Relief? Trump’s Board Of Peace Is Considering It

bitcoinist02/24 17:31

Why crypto groups want to rewrite IRS tax rules — and what would actually change

The Blockchain Association and crypto advocacy groups are pushing for a fundamental reform of IRS tax rules, arguing that current regulations—which treat digital assets as property—are outdated and create excessive compliance burdens. Under existing rules, nearly every crypto transaction, including trading, spending, and staking, triggers a taxable event, requiring detailed tracking of each transaction. The proposed changes seek to modernize tax treatment by deferring taxes until crypto is converted to fiat, creating exemptions for staking and validation, and simplifying cost-basis tracking for on-chain activity. The goal is to align tax system with how blockchain is actually used—not to eliminate taxes entirely. This debate is gaining urgency as the IRS increases enforcement and reporting requirements. The crypto groups warn that without updated rules, the U.S. risks stifling innovation or pushing it offshore. However, any changes would require legislative or regulatory action, and the IRS maintains that current rules already suffice. For now, the existing framework remains in effect.

ambcrypto02/24 17:05

Why crypto groups want to rewrite IRS tax rules — and what would actually change

ambcrypto02/24 17:05

$40B Crypto Crash: Jane Street Sued Over Terra Insider Trading

Crypto firm Terraform Labs' wind-down administrator, Todd R. Snyder, has sued trading firm Jane Street and several individuals, including Bryce Pratt, for alleged insider trading, fraud, and market manipulation. The complaint, filed in Manhattan federal court, centers on trading activity around the May 2022 collapse of TerraUSD (UST) and Luna. It alleges Pratt, who moved from a Terraform internship to Jane Street, maintained a confidential back channel with Terraform insiders and shared material non-public information. The suit claims a specific 85 million UST trade by Jane Street "precipitated a steep sell off" and helped trigger the broader $40 billion ecosystem collapse. It cites private messages to argue Jane Street had an informational edge and was in direct contact with Terraform leadership during the crisis. Jane Street is expected to contest the allegations.

bitcoinist02/24 16:21

$40B Crypto Crash: Jane Street Sued Over Terra Insider Trading

bitcoinist02/24 16:21

Hidden Ads No More: Under X's New Disclosure Rules, KOLs' Easy Money Model Faces Account Suspension Risks

X, formerly known as Twitter, is set to enforce stricter advertising disclosure rules, as announced by product lead Nikita Bier. The new policy will require users to clearly label paid promotions with tags like #ad or #sponsored. This follows a public intervention by Bier, who warned an influential account promoting Kalshi without proper disclosure of its financial ties. The article highlights several high-engagement “stealth ads”—posts disguised as organic content that are actually paid promotions—from accounts like @jota_snchez and @FluentInFinance, which garnered millions of views without disclosure. These posts often promoted prediction markets like Polymarket and Kalshi by leveraging FOMO and misleading narratives. The new rules aim to increase transparency, impacting Web3 projects and influencers who rely on undisclosed soft promotions for user acquisition. KOLs may face higher risks, including post removal and account suspension, while projects could see rising marketing costs. Alternatively, advertisers may shift budgets to X’s official promoted post system, potentially increasing the platform’s ad revenue. The move is expected to reduce deceptive marketing practices and improve user awareness in the long term.

比推02/24 13:58

Hidden Ads No More: Under X's New Disclosure Rules, KOLs' Easy Money Model Faces Account Suspension Risks

比推02/24 13:58

CZ Eyes Binance US Expansion Following Withdrawal Of SEC’s Lawsuit – Report

Binance.US is reportedly planning to expand its operations in the United States to offer "superior products" to American customers, following a more favorable regulatory environment under the Trump administration. Former Binance CEO Changpeng Zhao (CZ), who remains the majority shareholder of Binance.US, stated that the platform aims to enhance accessibility for U.S. consumers, though he clarified he is no longer involved in running the global exchange. CZ acknowledged challenges from the now-dropped 2023 SEC lawsuit, which impacted banking access and market share, but expressed optimism about pursuing deeper banking ties or a crypto national bank charter under the current regulatory climate. Binance.US reaffirmed its commitment to growing its platform through new products. The U.S. regulatory landscape was also discussed, with Binance CEO Richard Teng emphasizing the importance of regulatory clarity for crypto companies. Progress on crypto legislation, including stablecoin regulations, is ongoing, with potential White House approval expected soon.

bitcoinist02/24 13:01

CZ Eyes Binance US Expansion Following Withdrawal Of SEC’s Lawsuit – Report

bitcoinist02/24 13:01

Coinbase’s USDC Revenue Jumps as Stablecoin Debate Heats Up

Coinbase's stablecoin revenue, primarily from its USDC share with Circle, surged to $1.35 billion in 2025, accounting for 19% of its total revenue. This growth occurred despite a net loss of $667 million in Q4 2025. USDC transaction volume reached $18.3 trillion last year, though Tether leads in market cap. The stablecoin sector's expansion has intensified regulatory debates, particularly around yield payments. The GENIUS Act prohibits issuers from paying interest, and proposed legislation may further restrict platforms like Coinbase from offering rewards on stablecoin balances, amid concerns over competition with traditional banks.

TheNewsCrypto02/24 12:47

Coinbase’s USDC Revenue Jumps as Stablecoin Debate Heats Up

TheNewsCrypto02/24 12:47

BlackRock and Citadel Are Aggressively 'Sweeping Goods': What Fundamental Changes Have Occurred in the Logic of TradFi Entering DeFi?

Traditional finance (TradFi) giants like BlackRock, Citadel Securities, and Apollo Global Management are now directly purchasing DeFi governance tokens (UNI, ZRO, MORPHO), signaling a strategic shift beyond mere equity investments or pilot programs. This move is primarily about securing access to and aligning with the infrastructure they plan to use for tokenizing and distributing their products on-chain, rather than making broad portfolio bets on DeFi assets. Key drivers include improved custody/operational infrastructure and greater regulatory clarity, such as the upcoming repeal of SAB 121 and potential market structure legislation like the CLARITY Act. While this represents a structural change in institutional engagement, the token price impact has been muted due to weak market conditions and a lack of direct value capture mechanisms for most tokens. For governance tokens to function more like strategic equity, clearer value accrual (e.g., fee switches), reduced VC selling pressure, and enhanced regulatory certainty are needed. Concerns about governance centralisation exist, but increased professional participation could improve oversight. More TradFi firms, particularly those building tokenized products (e.g., Fidelity, Franklin Templeton), are expected to follow, focusing on blue-chip protocols in stablecoins, RWAs, and trading infrastructure.

marsbit02/24 10:45

BlackRock and Citadel Are Aggressively 'Sweeping Goods': What Fundamental Changes Have Occurred in the Logic of TradFi Entering DeFi?