The U.S. Senate loses another crypto tax reform advocate, Daines has confirmed he will not seek re-election.

FBI Director Admits Spending Money to Buy "Location Data" to Track American Citizens! Blasted for Trampling Fourth Amendment

FBI Director Kash Patel admitted during Senate testimony that the FBI has tracked U.S. citizens by purchasing location data without court search warrants, sparking strong criticism from Senator Ron Wyden, who argued the practice violates the Fourth Amendment and called for legislative reform to restrict such conduct. This finding reveals that the government's use of commercial data poses widespread surveillance risks.

South Korean Police Plan to Establish Guidelines for Seizing Privacy Coins; Virtual Assets Confiscated Over Past Five Years Valued at 545 Billion Won

The Korean National Police Agency is developing new virtual asset seizure management guidelines, incorporating handling of privacy coins for the first time. The new regulations will clarify software wallet management, address virtual asset custody gaps, and improve law enforcement efficiency. Police plan to designate private custodian institutions, while experts recommend establishing a centralized public custody mechanism to reduce risks. This reform has been prompted by recent Bitcoin theft incidents, driving the management system's transition toward the digital asset era.

South Korea Opposition Party Proposes Abolishing Cryptocurrency Tax in 2027, Plans to Completely Cancel 22% Tax Rate

South Korea's main opposition party has proposed canceling the digital asset tax plan scheduled for implementation in 2027, planning to revise the Income Tax Law to completely exempt taxation on cryptocurrency gains. The tax system was originally scheduled to be implemented in 2022 but has been repeatedly delayed due to industry opposition.

Washington's First "Bet the World" Bar Opens Tomorrow! Prediction Market Boom Draws Congressional Attention to Insider Trading

Polymarket will open a themed bar called The Situation Room in Washington, D.C., offering real-time situation monitoring experiences where customers can track global political, military, and market dynamics. This move has prompted Democrats to introduce the Financial Prediction Market Public Integrity Act of 2026, which aims to regulate insider trading risks. As markets and policy intersect, the neutrality of prediction markets has come under scrutiny.

Israeli Journalist Receives Death Threats After Reporting, Are Polymarket "Bettors" Becoming Fanatics?

Israeli *Times of Israel* military reporter Emanuel Fabian recently disclosed that after reporting on an Iranian ballistic missile that struck an empty field in Beit Shemesh, a suburb of Jerusalem, he faced sustained harassment from bettors associated with Polymarket, including receiving death threats. This incident is particularly striking not only because it involves frontline war reporting and a prediction market with a funding pool exceeding $14 million, but also because it reveals an increasingly acute question: when market participants' profits begin to depend on media narratives, public information, and even violent events themselves, is the prediction market truly "price discovery," or is it creating dangerous incentives for the real world? Why did a frontline report trigger a mob of bettors? "That day, I reported on the *Times of Israel*'s live blog that the missile struck an empty field, with no

SEC and CFTC Clarify Crypto Rules, Mining Not Securities

SEC and CFTC introduced a framework classifying tokens into securities, commodities, and digital tools. Regulators said mining, staking, and airdrops do not qualify as securities under federal law. The guidance marks a shift toward clearer rules, with formal proposals expected in coming w