Regulation & Policy

House Republicans rejected the Senate's legislative deal proposal, which attempted to combine a community bank deregulation bill with a cryptocurrency bill in exchange for support for a housing affordability bill. The House Financial Services Committee expressed skepticism about this approach and hopes that the Senate will also adopt the House's housing proposal.

The CFTC has established the Innovation Task Force (ITF) to create a clear legal framework for emerging derivative markets including crypto and AI. Led by Michael J. Passalacqua, the ITF aims to ensure responsible innovation while addressing regulatory challenges and public concerns about prediction markets and insider trading.

Jinse Finance reported that CFTC Chair Michael S. Selig announced the establishment of an Innovation Working Group focusing on crypto assets, blockchain, artificial intelligence, and other fields, aimed at establishing clear regulatory rules for the U.S. derivatives market and coordinating with relevant federal agencies.

The CFTC is establishing an Innovation Task Force to enhance its crypto and blockchain regulation, led by Michael Passalacqua. The initiative aims to provide a platform for dialogue among innovators on crypto, AI, and prediction markets.

European Central Bank Executive Board member Cipollone pointed out that stablecoins and tokenized deposits need to be anchored on tokenized central bank money for settlement to achieve scalability in tokenized financial markets. The DLT settlement project Pontes, expected to launch in 2026, and the Appia plan before 2028 will advance the construction of Europe's tokenized finance ecosystem. He warned of the risks of lacking a unified legal framework.

U.S. CFTC Chair Michael S. Selig announced the establishment of an "Innovation Task Force" that will work with the Innovation Advisory Committee to develop regulatory frameworks for crypto assets, AI automated systems, and prediction markets to promote fintech innovation and ensure U.S. market participants are not excluded. The task force will coordinate with the SEC's crypto task force to address overlapping regulatory issues.

Golden Finance reports that the General Office of the CPC Central Committee and the General Office of the State Council have issued the "Regulations on the Integrity and Clean Conduct of Leaders of State-Owned Enterprises," which stipulate that leaders of state-owned enterprises are prohibited from using their authority or influence for personal gain, and are not allowed to accept or solicit gifts, cash gifts, securities, virtual currencies, or other property from affiliated enterprises of their own company, enterprises with business relations to their company and its invested enterprises, as well as from management and service recipients, nor to agree to accept such items after resignation or retirement.

Tether plans to undergo its first full audit by a Big Four accounting firm to verify its $192 billion in reserves backing USDT. This move aims to ensure compliance with U.S. regulations under the GENIUS Act, although the specific auditing firm has not been disclosed.

Taiwan's virtual asset regulation has reached a new milestone, with the Virtual Currency Association rebranding as the Virtual Asset Service Industry Association and establishing three specialized committees to strengthen compliance and governance. The association urges the government to set reasonable transition periods and compliance guidance in the legislative process of the "Virtual Asset Service Law" to promote industry development and international alignment.

The U.S. Commodity Futures Trading Commission has established an "Innovation Task Force" aimed at developing regulatory rules for new products and technologies in the derivatives market, with a focus on crypto assets, artificial intelligence, and prediction markets, led by the Chairman's senior advisor.

_The White House is reviewing two SEC proposals on digital assets and hedge fund disclosures, sent March 20 by Chairman Paul Atkins. Major regulatory shifts ahead._ The Securities and Exchange Commission has sent two proposed rules to the White House for review. One targets digital assets. The

Crypto reporter Eleanor Terrett reports that the latest CLARITY legislative draft may prohibit platforms from providing yield on stablecoins, while allowing user behavior rewards that must not be construed as "interest-like." The draft requires regulators to define compliant rewards and may increase the difficulty of incentive design. Overall, the draft is stricter than previous versions while retaining transaction behavior incentive mechanisms.

U.S. Senator proposes new legislation aimed at prohibiting federally regulated prediction market platforms from offering sports event and casino-style game contracts, marking the first restriction of such markets. The bill indicates that prediction markets should be regulated by state governments, reflecting a jurisdictional dispute between regulators and various states. Despite facing legal challenges, prediction markets continue to attract capital investment.

The Financial Stability Board (FSB), a global financial watchdog hosted by the Bank for International Settlements, warned on Tuesday that foreign currency-denominated stablecoins can pose financial stability and macroeconomic risks for emerging market and developing economies. In its annual

Gate News reported that on March 24, the Financial Stability Board (FSB) released its annual report, warning that US dollar stablecoins could exacerbate financial risks in emerging markets. The report noted that stablecoins and crypto assets have very limited practical applications in real economic sectors such as payments. The FSB called on regulatory authorities worldwide to continuously monitor the linkage risks between crypto assets and core financial markets. Additionally, the FSB stated that it will focus on digital innovation in the crypto asset sector, monitoring stablecoin system vulnerabilities, and cross-border payments in 2026.

Crypto Finance reported on March 24 that the FSB also pointed out that the application of stablecoins and crypto assets in the real economy, such as payments, remains very limited, and called on regulators to continuously monitor the associated risks with core financial markets. Furthermore, in 2026, the FSB will focus on topics including digital innovation in crypto assets, monitoring vulnerabilities in stablecoins, and cross-border payments.

Delaware has introduced a new bill aimed at regulating stablecoins more strictly. The proposal focuses on one key idea. Issuer must fully back every stablecoin. In short, they must hold an equal amount in reserve for every token they issue. Lawmakers want stablecoin issuers to operate under a

Two Delaware lawmakers are drafting stablecoin regulatory rules as part of a financial industry modernization proposal aimed at lowering barriers to entry for financial services and promoting financial inclusion. The governor stated that this legislation could facilitate convenient financial transactions for residents, and Delaware has consistently maintained a friendly stance toward cryptocurrency.

_Circle asks EU to update crypto rules, saying easier regulations will help banks and companies use stablecoins and digital assets safely._ Circle, the company behind the USDC stablecoin, asked the European Commission to update crypto rules. The request was made on March 20, 2026 as feedback on the

Tokenized deposits and stablecoins need tokenized central bank money as a public settlement anchor if Europe’s tokenized financial markets are to scale, Piero Cipollone, a member of the European Central Bank’s Executive Board, said on Monday. Cipollone pointed to Pontes, the Eurosystem’s