Regulation & Policy

Gate News message, April 21 — The PACE Act, introduced by bipartisan U.S. lawmakers, aims to allow compliant non-bank payment institutions direct access to the Federal Reserve's payment systems, garnering support from the crypto industry. The legislation would establish a federal framework

Peirce admits the SEC mishandled crypto regulation under Gensler, urging earlier framework and more stakeholder engagement, cautioning against overreach, and outlining future focus on stablecoins, RWA tokenization, and custody. Abstract: In an interview, SEC Commissioner Hester Peirce—often dubbed 'Crypto Mom'—said the agency's crypto regulation during Gary Gensler's tenure was flawed. She called for an earlier, clearer regulatory framework and greater engagement with industry stakeholders before policy actions, cautioned against overreach given Congress's limits, and highlighted future priorities such as stablecoins, tokenization of money market funds and real-world assets, and improved custody frameworks.

Gate News message, April 21 — US Federal Reserve Chair nominee Kevin Warsh expressed support for digital assets during his Senate Banking Committee confirmation hearing today, stating that cryptocurrencies are "already part of the fabric of our financial industry." During the nearly 3-hour public s

Gate News message, April 21 — Federal filings reveal that Trump and the Republican Party have accumulated a historic $1.2 billion cash stockpile for the November midterms, with cryptocurrency executives playing a major role in funding the GOP war chest. Democrats currently hold only $261 million in

Gate News message, April 21 — During a Senate hearing on April 22, U.S. Senator Cynthia Lummis asked Federal Reserve chair nominee Wosh whether digital assets should be integrated into the nation's financial system to provide Americans with new investment opportunities and consumer protections. Wos

Poland fails to override Nawrocki's veto on crypto regulation, delaying MiCA alignment by the July 1 deadline as firms relocate to Latvia, Czech Republic, Lithuania, and Malta amid regulatory uncertainty. Poland's parliament again blocks the crypto regulation by Nawrocki's veto, leaving MiCA alignment to a future date and spurring domestic firms to move operations to other EU member states. The dispute centers on concerns about overregulation and broad KNF powers, intensifying political tensions and accelerating crypto outflows before MiCA's transition ends.

A certain trading platform has been awarded a Money Services Business license by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) for its cryptocurrency asset services. The license authorizes the platform to conduct crypto-asset business in the U.S. and other jurisdictions. The license indicates that its anti-money-laundering and user protection standards are up to par, with KYC, funds tracking, and continuous monitoring already integrated. It has deployed a multi-node infrastructure, business segregation, and real-time alerting, while risk controls have been optimized to support high-concurrency trading. It also plans to expand into emerging markets through localization and multilingual services, bringing crypto trading into the international financial system.

Gate News message, April 21 — South Korea's National Tax Service has issued an urgent procurement tender for crypto asset tax evasion response transaction tracking software, according to the country's national comprehensive e-procurement system. The project budget is set at 146.5 billion Korean

Gate News message, April 21 — The Philippine Securities and Exchange Commission (SEC) has warned the public against using dYdX and six other cryptocurrency platforms, stating they are not registered or authorized to solicit investments from local users. The warning aims to protect Filipino

Gate News message, April 21 — The UK Treasury announced plans to bring stablecoins and tokenized deposits under a unified regulatory framework alongside traditional payment services. The framework will regulate stablecoins used for payments through a new stablecoin issuance regime and expand the

**Clearer crypto rules and lighter compliance demands could redirect U.S. capital markets strategy under SEC Chairman Paul S. Atkins. The shift points to broader support for blockchain finance while keeping investor protection central to oversight.** **Key Takeaways:** * Atkins outlined a sharpe

Sen. Tillis requests delaying CLARITY Act markup to May due to unresolved stablecoin yield provisions, as banks seek tighter restrictions and crypto groups push to keep yield offerings; White House talks failed, delaying action.

Summary: SEC Philippines warns about seven unregistered crypto platforms (dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, Ostium) under CASP; promoters may face fines up to PHP 5 million or 21 years' jail. Abstract: The Philippines’ SEC issued an investor warning identifying seven unregistered cryptocurrency trading platforms (dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv, Ostium) not registered under the Crypto Asset Service Provider framework. It cautions that promoting these platforms in the Philippines may incur criminal liability, with penalties including fines up to PHP 5 million and up to 21 years’ imprisonment.

Gate News message, April 21 — The Bank for International Payments (BIS) has reiterated concerns about stablecoins, with Managing Director Pablo Hernandez de Cos warning that dollar-denominated stablecoins such as USDT and USDC are fundamentally riskier than commonly perceived. Cos stated that

Gate News message, April 21 — Thirty-nine digital finance providers, including major exchanges and fintech associations from six European nations, are urging the European Commission and European Parliament to expedite a review of the DLT pilot regime as standalone legislation. The signatories,

Russia proposes a law criminalizing unregistered crypto activity and bypassing the central bank, with up to seven years' forced labor; fines for individuals and operators; most transactions to run through banks, effective July 1, 2027.

Gate News message, April 21 — DeFi depositors faced withdrawal issues over the weekend across major protocols including Aave, rsETH, and LayerZero, prompting Curve Finance founder Michael Egorov to publicly criticize the industry's architectural approach. "Are we an industry of clowns?" Egorov

Gate News reports Unit Labs, parent of Unitxyz and Tradexyz, filed a request to meet the CFTC on April 7; the meeting's nature and outcome remain undisclosed. Abstract: The article notes that Unit Labs, parent company of Unitxyz and Tradexyz, requested a meeting with the U.S. Commodity Futures Trading Commission (CFTC) on April 7. The record provides no information on the purpose or outcome of the meeting.

According to a report by ZDNet Korea, South Korea’s National Tax Service (NTS) issued on April 15 a procurement notice for a “virtual asset tax evasion response and transaction tracking software,” with plans to complete system selection by the end of May, deploy it in June, and officially launch it in July. The new system will be able to track self-custodied (non-custodial) wallets such as MetaMask and Phantom, and will include “demixing” technology to enforce tax evasion against offenders who use mixers to conceal the flow of funds. This is the third upgrade to South Korea’s crypto tax investigation tracking system since 2024. In conjunction with new tax legislation that, starting in 2026, will formally bring crypto assets under taxation under the “Other Income” category of the comprehensive income tax, enforcement tools are being upgraded at the same time to improve collection efficiency. Procurement scope: Chainalysis and TRM

Gate News message, April 21 — South Korea's National Tax Service announced on April 15 that it plans to deploy crypto asset tracking software from firms including Chainalysis and TRM Labs to monitor cryptocurrency transactions in real time, trace hidden assets of suspected tax evaders, and combat mo