# Сопутствующие статьи по теме Regulation

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Regulation", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

From Utopian Narratives to Financial Infrastructure: The 'Disenchantment' and Pivot of Crypto VC

From Utopian Narratives to Financial Infrastructure: The Disenchantment and Pivot of Crypto VC The crypto industry, once championing "blockchain, not Bitcoin" and a broad Web3 vision, is now seeing venture capital flow overwhelmingly into pragmatic financial applications, particularly stablecoin payments. Following the decline of the Web3 and NFT boom in the early 2020s, investment has cooled for many sectors but surged for payment infrastructure. Key signals include Stripe's $1.1 billion acquisition of Bridge and Mastercard's $1.8 billion purchase of BVNK. Data from Architect Partners shows funding for crypto payment companies skyrocketed to $2.6 billion in 2025, exceeding the total of the previous three years combined. In contrast, funding for decentralized applications (DApps) and blockchain gaming has collapsed. The total private crypto funding reached $20.4 billion in 2025, still below the 2022 peak of $27.6 billion. Stablecoins, like USDT and USDC, are now seen as a breakthrough application, with their annual transaction volume soaring 72% to $33 trillion in 2025. Their core appeal is enabling efficient, real-time global value transfer, solving long-standing issues of cost and speed in cross-border payments. However, the industry faces significant challenges from established "gatekeepers" like Visa and Mastercard, which control terminal access. The piece also notes the declining market share of Binance and the emergence of new products like Franklin Templeton's tokenized ETF with Ondo Finance, which allows for 24/7 trading. A commentator starkly observes that the line between investing and gambling has been completely erased, with a significant portion of new ETFs being leveraged or crypto-related funds. The narrative has shifted from utopian rebuilding to building financial infrastructure.

marsbit03/30 01:45

Ethereum looks quiet – But liquidity is building for a bigger move

Ethereum's price appears subdued, but underlying liquidity is building significantly. Stablecoin supply has risen sharply, with nearly $5.8 billion added in a month, pushing total liquidity toward $163.3–$163.4 billion. While capital is concentrating on Ethereum, DeFi TVL stabilizes near $53 billion. Rising transaction counts and transfer volumes signal real usage is increasing despite weak price action. Transaction data confirms liquidity is not just building but is actively being deployed, with counts exceeding 2.6 to 2.8 million. This shift, driven by stablecoin transfers, lending flows, and DEX activity, validates real demand. Regulatory clarity further supports sustained participation. Institutional entry is strengthening Ethereum's financial rails, with firms like BlackRock and Franklin Templeton moving beyond pilots into real deployment. Tokenized real-world assets (RWAs) are expanding into the tens of billions, indicating capital is integrating into real financial use cases. As institutional capital builds exposure, Ethereum strengthens its role as financial infrastructure, positioning price to follow utility once deployment accelerates.

ambcrypto03/29 19:02

Ethereum looks quiet – But liquidity is building for a bigger move

ambcrypto03/29 19:02

From Cash to Crypto: Towards a Consistent Regulatory Approach to Illicit Payments

"From Cash to Crypto: Towards a Consistent Regulatory Approach to Illicit Payments" by Andrea Minto et al. (BIS) examines the challenges for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regulation posed by the diversification of payment instruments, from cash and bank deposits to cryptoassets and CBDCs. The paper introduces a conceptual framework centered on the degree of intermediary involvement in a payment tool. It identifies a "waterbed effect": as regulators tighten AML/CFT rules on one type of instrument (e.g., bank transfers), illicit activity may shift to less-regulated alternatives with lower detection probabilities (e.g., self-hosted crypto wallets). This regulatory arbitrage undermines overall effectiveness. The framework categorizes payment tools as either intermediary-dependent (e.g., bank deposits, e-money, custodial wallets) where regulated entities perform checks, or non-intermediated (e.g., cash, self-hosted wallets, offline CBDCs) which offer higher anonymity and pose greater detection challenges. Malicious actors are assumed to choose tools that minimize their risk of detection. A case study of the EU's evolving AML/CFT regime illustrates this dynamic, showing how regulation has expanded over time to cover new entities like Crypto-Asset Service Providers (CASPs). However, inconsistencies remain, such as transaction limits for cash but not yet for self-hosted wallets or offline digital euro transactions. The paper concludes by proposing a dual regulatory approach: a *lex generalis* establishing a unified baseline of core obligations for all intermediated tools, and a *lex specialis* with tailored rules for non-intermediated instruments (e.g., transaction limits for cash and offline CBDCs, enhanced "touch point" monitoring for self-hosted wallets). This aims to create a more effective, consistent, and forward-looking framework that balances financial integrity with considerations for user privacy and innovation.

marsbit03/29 12:18

Senator Defends CLARITY Act As Developer Protection Debate Heats Up

A crypto developer's case is driving a key regulatory debate in Washington. Roman Storm, co-founder of Tornado Cash, was convicted in 2025 for operating an unlicensed money-transmitting business, causing concern among developers. This has fueled a public dispute between Senator Cynthia Lummis and crypto attorney Jake Chervinsky over the CLARITY Act. Chervinsky argues that Title 3 of the bill contains broad language that could classify non-custodial software developers as money transmitters, subjecting them to KYC obligations and undermining intended protections. Lummis defends recent bipartisan revisions, calling the act the "strongest protection for DeFi and developers ever enacted." However, the latest text remains unpublished, leaving the industry awaiting concrete details amid high stakes for developer liability. The bill is gaining momentum and is expected to undergo a Senate committee markup in April.

bitcoinist03/29 12:02

Senator Defends CLARITY Act As Developer Protection Debate Heats Up

bitcoinist03/29 12:02

Weekly Preview | FTX to Distribute Additional $2.2 Billion to Creditors Starting March 31; US Nonfarm Payrolls Data Stuns the Market

This week's Key Crypto & Financial Events Preview (March 30 - April 5, 2026): **March 30:** - Upbit delists Nomina (NOM); Binance removes UTK from margin trading. - Binance Alpha lists R2 Protocol (R2) and Based (BASED). - Polymarket expands its structure beyond crypto and sports. - European Central Bank begins accepting DLT-based assets as collateral. - BNP Paribas launches 6 crypto ETNs (Bitcoin, Ethereum, etc.) for French clients. - Token unlocks: Zora (ZORA), Kamino (KMNO). **March 31:** - FTX initiates fourth creditor distribution of ~$2.2B. - Bithumb holds shareholders meeting; CEO likely to be reappointed. - EdgeX (by Amber Group) launches $EDGE token. - Folks Finance ends FLOKS token claim period. - Zilliqa ends deBridge support; users must migrate USDC. - 21Shares distributes staking rewards for TETH and TSOL ETFs. - Token unlock: Optimism (OP). **April 1:** - Binance delists multiple tokens (A2Z, FORTH, HOOK, etc.) from spot and contracts. - BGD Labs stops contributing to Aave DAO after 4 years. - Token unlocks: Sui (SUI), EigenCloud (EIGEN), ZetaChain (ZETA). **April 2:** - Token unlock: Ethena (ENA). **April 3:** - Key U.S. macro data: Nonfarm Payrolls, Unemployment Rate, Wage Growth. - Senator Elizabeth Warren demands MrBeast disclose crypto plans for teens by April 3. **April 5:** - Token unlock: Opinion (OPN). **Upcoming (Date TBD):** - Draft of U.S. Clarity Act (incl. stablecoin provisions) expected next week. - xAI’s Grok Imagine to have a significant release; full Grok algorithmic features launching on X platform.

marsbit03/29 11:28

Weekly Preview | FTX to Distribute Additional $2.2 Billion to Creditors Starting March 31; US Nonfarm Payrolls Data Stuns the Market

marsbit03/29 11:28

NYSE Parent Firm ICE Finalizes $600M Investment In Polymarket — Details

Intercontinental Exchange (ICE), parent company of the NYSE, has finalized a $600 million direct cash investment in prediction market platform Polymarket. This is part of ICE's earlier commitment to invest up to $2 billion, bringing its total investment to $1.6 billion so far. The move signals strong institutional validation for the prediction markets industry, which is growing despite regulatory challenges. Polymarket and its competitors, like Kalshi, have faced bans in nearly a dozen U.S. states and increased scrutiny over insider trading. In response, Polymarket has updated its rules to explicitly prohibit trading on confidential information to ensure market integrity and transparency.

bitcoinist03/29 08:43

NYSE Parent Firm ICE Finalizes $600M Investment In Polymarket — Details

bitcoinist03/29 08:43

"Crypto Czar" Steps Down: 130-Day Political Performance Concludes, How Much of Trump's Crypto Promises Remain?

David Sacks, known as the "Crypto Czar," has stepped down after reaching the 130-day limit of his special government appointment. Initially appointed by former President Trump to lead AI and crypto policy, Sacks was tasked with creating a clear legal framework for the cryptocurrency industry. During his tenure, he achieved several high-profile actions, including banning a central bank digital currency (CBDC), hosting the first White House Crypto Summit, establishing a strategic Bitcoin reserve, and helping pass the GENIUS Act for stablecoin regulation. However, the article argues that these accomplishments were largely symbolic political performances rather than substantive gains for the crypto industry. The White House Crypto Summit was described as a publicity event with no concrete policies announced. The strategic Bitcoin reserve merely repurposed seized assets without new purchases, failing to inject liquidity or provide strong market backing. While the GENIUS Act was a tangible achievement, its counterpart, the CLARITY Act, remains stalled in Congress due to conflicts between banks and crypto firms over stablecoin interest benefits—with recent drafts favoring traditional banks, contrary to initial pro-crypto promises. Sacks will continue as co-chair of the Presidential Technology Advisory Council, focusing on AI policy, with no mention of crypto. The article concludes that Trump’s pro-crypto promises have largely resulted in political theater rather than meaningful regulatory progress.

marsbit03/29 06:26

"Crypto Czar" Steps Down: 130-Day Political Performance Concludes, How Much of Trump's Crypto Promises Remain?

marsbit03/29 06:26

Decentralization at risk as 100 wallets hold 80% of DeFi supply: Report

DeFi's decentralization is under threat as new data reveals extreme concentration of governance power. A report from the ECB shows the top 100 wallets control over 80% of the token supply across major protocols, while just 10-20 voters hold up to 96% of delegated voting power in some cases. With participation rates as low as 4-12%, decision-making is effectively controlled by a small group of entities, including founders, treasuries, and centralized exchanges. This makes regulators' jobs easier, as they can now identify clear control points, increasing DeFi's regulatory exposure under frameworks like MiCA. Consequently, markets are repricing DAO tokens, with a growing premium placed on protocols that demonstrate broader participation and transparency, while those with concentrated control face valuation pressures.

ambcrypto03/29 01:02

Decentralization at risk as 100 wallets hold 80% of DeFi supply: Report

ambcrypto03/29 01:02

Watchdog Slaps Binance Australia With A$10 Million Fine Over Onboarding Failures

Australia's financial regulator, ASIC, has fined Binance's derivatives arm A$10 million ($6.8 million) for serious compliance failures. The Federal Court found that Binance misclassified over 85% of its Australian clients as wholesale investors, allowing 524 retail customers to access high-risk crypto derivatives without required consumer protections. This led to over A$12 million in client losses and fees. Binance admitted to providing no product disclosure statements, lacking dispute resolution systems, and failing to properly train staff. The exchange also allowed clients to retake investor tests until they passed. ASIC emphasized this case serves as a warning to global financial firms operating in Australia to comply with local laws.

bitcoinist03/28 11:33

Watchdog Slaps Binance Australia With A$10 Million Fine Over Onboarding Failures

bitcoinist03/28 11:33

‘Block and find out’ – White House warns Coinbase on CLARITY Act fallout

The White House issued a veiled warning to Coinbase over its opposition to the CLARITY Act, suggesting a future Democratic administration could impose harsher regulations on stablecoin yields, DeFi, and crypto overall. This marks a shift from earlier statements downplaying the exchange's stance. Coinbase confirmed it is working on a counterproposal to preserve stablecoin rewards, drawing both support and criticism. Broader industry concerns include weakened DeFi developer protections and the exclusion of Bitcoin from tax exemptions, which only apply to stablecoins. Despite the standoff, Coinbase anticipates the bill could be resolved and passed by early May.

ambcrypto03/28 09:30

‘Block and find out’ – White House warns Coinbase on CLARITY Act fallout