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.

Illicit Crypto Flows Hit Record $158 Billion In 2025, TRM Says

According to TRM Labs, illicit crypto flows reached a record $158 billion in 2025, driven by increasingly sophisticated scams using AI tools. Large language models, deepfakes, and voice cloning were employed to create believable messages and fake personas, helping fraudsters build trust before soliciting money through fake investments or false emergencies. These operations often function like small companies, using phishing kits and AI services to scale their efforts. While scam proceeds slightly decreased to $35 billion, the overall volume of criminal activity rose significantly. Despite improvements in scam-detection technology, the use of AI makes scams harder to identify and more convincing.

bitcoinist01/30 06:01

Illicit Crypto Flows Hit Record $158 Billion In 2025, TRM Says

bitcoinist01/30 06:01

SEC reaffirms tokenized stocks must follow existing securities laws

The U.S. SEC reaffirmed that tokenized stocks must comply with existing federal securities laws, regardless of whether they are issued on-chain or off-chain. The regulator emphasized that all securities must be registered unless an exemption applies. Tokenized stocks fall into two categories: issuer-sponsored and third-party sponsored, each offering different rights and protections. Wall Street firms, including Citadel and JPMorgan, opposed broad exemptions for DeFi platforms handling tokenized securities, warning that such exemptions could undermine investor protection and cause market disruptions. They called for DeFi platforms to be regulated similarly to traditional financial institutions. Despite opposition from traditional finance, the DeFi sector has seen significant growth, with nearly 300,000 holders and total traded value approaching $1 billion. The industry continues to advocate for certain exemptions, and the final regulatory framework may reflect a compromise between these opposing views.

ambcrypto01/30 05:08

SEC reaffirms tokenized stocks must follow existing securities laws

ambcrypto01/30 05:08

The $6 Billion Business of Stablecoin Wealth Management: Where Does the Yield Come From, and Where Does the Risk Go?

The article examines the resurgence of crypto yield products, specifically "Vaults," which manage over $6 billion in assets and are marketed as transparent, non-custodial alternatives to failed centralized lenders like Celsius and BlockFi. These Vaults use smart contracts to automate lending and trading strategies, offering yields from activities like liquidity provision and stablecoin lending. However, the piece highlights inherent risks: competitive pressure for higher returns can lead to increased leverage and off-platform exposures, as seen in the collapse of Stream Finance, which lost $93 million. While Vaults aim to avoid the opacity of previous models, the article questions whether transparency alone can prevent a shadow banking crisis, especially as stablecoin adoption grows and platforms like Coinbase promote high-yield products. The balance between innovation and risk remains unresolved.

marsbit01/30 05:01

The $6 Billion Business of Stablecoin Wealth Management: Where Does the Yield Come From, and Where Does the Risk Go?

marsbit01/30 05:01

Regulatory Clarity for Tokenized Securities: Which Hot Projects Won't Pass the SEC's Scrutiny?

The U.S. SEC has issued new guidance clarifying the regulatory treatment of tokenized securities, emphasizing that the use of blockchain does not change the fundamental nature of securities obligations. The guidance distinguishes between two main types of tokenized securities: those led by the issuer (where blockchain is used as a technical upgrade to record ownership registry, without altering rights or regulatory requirements) and those created by third parties (which may not confer direct ownership rights and introduce additional risks such as custody or counterparty risk). The SEC stresses that regardless of the technology used, any asset that meets the definition of a security or derivative remains subject to existing federal securities laws. This move aims to address market confusion, particularly around unauthorized “tokenized stocks” that mimic equity without issuer involvement—such as certain products offered by platforms like Robinhood in Europe or third-party claims of tokenized equity in companies like OpenAI. In contrast, compliant initiatives—such as those by Kraken, NYSE, or DTCC—focus on integrating tokenization within existing regulatory frameworks, ensuring issuer participation and clear accountability. The guidance reinforces that tokenization is not a shortcut to bypass securities laws but must align with legal and economic substance.

Odaily星球日报01/30 03:36

Regulatory Clarity for Tokenized Securities: Which Hot Projects Won't Pass the SEC's Scrutiny?

Odaily星球日报01/30 03:36

Crypto Exemption Fails to Take Effect in January! SEC Slams the Brakes, Wall Street in Uproar

The U.S. SEC's planned January implementation of a broad regulatory exemption for tokenized securities and DeFi projects has been delayed following strong opposition from Wall Street institutions. In a closed-door meeting, major financial entities including JPMorgan, Citadel, and SIFMA argued against creating a separate regulatory framework for crypto assets. They advocated for applying existing federal securities laws under a "same business, same rules" principle, warning that broad exemptions could undermine investor protection and introduce systemic risks, citing past market failures as examples. Concurrently, the SEC released guidance clarifying that tokenization does not change the applicability of securities laws. It categorized tokenized securities into two types: issuer-sponsored (subject to traditional registration) and third-party sponsored (including custodial and synthetic models, the latter potentially falling under swap regulations). The SEC emphasized that regulatory treatment depends on economic substance, not technology, and expressed openness to working with innovators within the existing legal framework. This move aims to reduce regulatory arbitrage and pave the way for more traditional institutional participation in tokenized assets.

marsbit01/30 02:05

Crypto Exemption Fails to Take Effect in January! SEC Slams the Brakes, Wall Street in Uproar

marsbit01/30 02:05

DOJ Crypto Unit Closure Sparks Scrutiny Of Deputy AG’s Personal Crypto Stakes

The Justice Department's decision to disband its National Cryptocurrency Enforcement Team (NCET) in April 2025 is under scrutiny from six US senators. They are questioning Deputy Attorney General Todd Blanche about potential conflicts of interest due to his personal cryptocurrency holdings. The senators, including Mazie Hirono and Elizabeth Warren, demand documents and a full explanation for the unit's closure and whether Blanche's finances influenced the decision. Critics argue the timing of his divestment raises ethical concerns, while supporters claim it was approved by ethics officials. The lawmakers are seeking a detailed timeline and records to ensure federal conflict-of-interest laws were followed.

bitcoinist01/29 22:32

DOJ Crypto Unit Closure Sparks Scrutiny Of Deputy AG’s Personal Crypto Stakes

bitcoinist01/29 22:32

Crypto Market Structure Legislation Clears Senate Agriculture Committee: Here’s What’s Next

The CLARITY Act, a major crypto market structure bill, has advanced through the Senate Agriculture Committee by a narrow 12-11 vote along party lines, with no Democratic support. The legislation aims to grant the Commodity Futures Trading Commission (CFTC) new authority over the spot trading of digital commodities. However, the bill must still be merged with a separate section from the Senate Banking Committee addressing the SEC's role before it can proceed further. The committee rejected several Democratic amendments during the process. The vote followed failed bipartisan negotiations, with the Republican sponsor citing "fundamental policy disagreements." The bill's path forward remains complex as lawmakers work to reconcile the two sections and determine if bipartisan support can be achieved.

bitcoinist01/29 21:32

Crypto Market Structure Legislation Clears Senate Agriculture Committee: Here’s What’s Next

bitcoinist01/29 21:32

SEC and CFTC signal execution phase for crypto regulation at harmonization meeting

US financial regulators, the SEC and CFTC, have announced a shift from coordination to execution in crypto regulation. At a harmonization meeting, officials outlined plans to advance joint rulemaking using existing authority, without waiting for final legislation from Congress. A key initiative, "Project Crypto," aims to create a shared taxonomy for crypto assets, clarify jurisdictional boundaries, and reduce regulatory duplication and uncertainty. The CFTC stated that most crypto assets are not securities, marking a departure from past ambiguity. Planned rulemaking covers tokenized collateral, onshore crypto perpetual derivatives, retail leveraged trading, and treatment of software in DeFi. The goal is to provide regulatory clarity and reduce friction while maintaining market integrity.

ambcrypto01/29 20:04

SEC and CFTC signal execution phase for crypto regulation at harmonization meeting

ambcrypto01/29 20:04

US crypto market structure bill advances as Senate Agriculture Committee approves legislation

The US Senate Agriculture Committee has approved the Digital Commodities Intermediary Act, advancing the crypto market structure bill after weeks of debate and amendment discussions. The approval, confirmed by Senator Cynthia Lummis, marks a key procedural step, allowing the legislation to move toward full Senate consideration. The committee reviewed amendments covering ethics rules, national security restrictions, consumer protections, and CFTC authority. While Senate passage is not guaranteed, the vote represents significant progress in establishing a regulatory framework for digital commodity intermediaries, particularly in spot market oversight. Further negotiations on jurisdiction and enforcement are expected as the bill proceeds.

ambcrypto01/29 17:38

US crypto market structure bill advances as Senate Agriculture Committee approves legislation

ambcrypto01/29 17:38

Probability of Shutdown Plummets: Why Was the U.S. Government Shutdown Crisis Suddenly 'Resolved'?

The risk of a U.S. government shutdown at the end of January has significantly decreased, with prediction markets showing the probability dropping from 80% to 42%. The potential shutdown stemmed from a partisan dispute over funding for the Department of Homeland Security (DHS), particularly related to the Immigration and Customs Enforcement (ICE) agency. Democrats sought to limit funding after a controversial ICE operation in Minnesota resulted in fatalities, while Republicans defended ICE's role in immigration enforcement. The shift in shutdown probability reflects a likely political compromise, as both parties recognize that a shutdown could harm their prospects in the upcoming midterm elections. Control of Congress is at stake, and neither side wants to be blamed for economic and operational disruptions. Democrats have proposed separating the DHS funding bill from other appropriations to avoid a full shutdown, and reports indicate negotiations are underway between the White House and Senate leaders to reach a short-term funding extension. The focus is on avoiding a repeat of the 43-day shutdown from late last year.

比推01/29 15:17

Probability of Shutdown Plummets: Why Was the U.S. Government Shutdown Crisis Suddenly 'Resolved'?