Reminder: The White House has set March 1 as the deadline to resolve stablecoin reward disputes and advance the Clarity Act.

JPMorgan CEO slams the crypto industry: "Interest-bearing stablecoins" are equivalent to deposits and should be regulated like banks

In the ongoing battle over stablecoin yields sparked by the 《CLARITY Act》, the most influential leader on Wall Street, JPMorgan Chase CEO Jamie Dimon, has spoken out, emphasizing that the banking industry is actively seeking to have "a fair playing field" with cryptocurrency companies. He also issued a stern warning: any stablecoin offering interest-like returns to users should be treated the same as bank deposits and subject to the same rigorous regulatory framework. On Monday, Jamie Dimon told CNBC that if crypto companies want to pay "interest-like" rewards to stablecoin holders, they should be regulated just like banks. He said: "The banking industry’s position is very clear: what we call 'rewards' are essentially 'interest.' If you hold customer funds and pay interest, you are in the banking business. In essence,"

Governor Signs Bitcoin Rights Act – Indiana Teachers & Workers Now Stack Sats!

Indiana's House Bill 1042 enhances user rights for cryptocurrency by preventing discriminatory taxes and allowing self-custody of digital assets. This legislation fosters institutional adoption and signals a positive shift in governmental attitudes towards crypto, promoting innovation and market stability.

Is the legalization of cryptocurrency perpetual contracts in the United States on the horizon? CFTC Chair: Policy announcement within a month

CFTC Chairman Mike Selig announced that a policy on cryptocurrency perpetual contracts will be released within a month, and he will collaborate with the SEC to promote "Project Crypto" to advance innovative exemption measures. This move aims to end regulatory uncertainty in the crypto industry, facilitate the legalization of the U.S. market, and provide clear guidance for the prediction market.

The Financial Services Commission of South Korea held its first "Virtual Asset Committee" meeting of the year to advance related legislative review.

The Financial Services Commission of South Korea held its first "Virtual Assets Committee" meeting to discuss a mid-term review of the virtual asset overpayment incident and system improvements. The plan includes promoting DAXA's internal control standards and self-regulation, while also consulting with the ruling party and opposition party on legislative matters.

White House Bill Negotiation Sprint: Trillions of Dollars in Institutional Funds Could Benefit from Clarified Cryptocurrency Regulations

The White House releases progress on the "CLARITY Act," with negotiations reaching a consensus, but the stablecoin yield mechanism remains the main controversy. The cryptocurrency industry is calling for accelerated regulation to attract capital and promote innovation. If the bill passes, it will simplify compliance processes, boost market confidence, and have a significant impact on the industry's future.

Cardano Founder: XRP May Meet SEC's Proposed Security Standards

Cardano founder Charles Hoskinson questions the SEC's new digital asset rules, pointing out that XRP could be classified as a security due to Ripple's control of a large supply. Hoskinson warns that these rules could negatively impact proof-of-stake networks and notes that the bill might create a two-tier system, requiring new projects to demonstrate decentralization to attain commodity status. Ripple supports a friendly bill, believing the future outlook is optimistic. This discussion highlights the high uncertainty in the regulation of digital assets in the United States.