U.S. Treasury Secretary Yellen: The Crypto Market Structure Act needs to be passed this spring

Trump signs executive order to combat cybercrime, requiring multiple agencies to submit action plans within 120 days

U.S. President Trump signed an executive order on March 6th to combat cybercrime and fraud, requiring relevant ministers to review frameworks and develop action plans. The order establishes an action team to coordinate the fight against transnational cybercrime and proposes a victim recovery plan to compensate victims of online fraud. At the same time, it calls for negotiations with countries that tolerate such crimes and measures to restrict them.

New Stablecoin Rules Passed By Florida Lawmakers

Florida lawmakers have passed a bill to regulate stablecoins, establishing clear rules for issuance, oversight, and consumer protection. This bipartisan effort aims to provide regulatory certainty and attract blockchain innovation while ensuring financial stability and transparency.

Patrick Witt Calls Out The Irony At Banks’ Stance On Clarity Act

White House crypto advisor Patrick Witt highlighted that the big banks’ unwillingness to reach a compromise with the crypto sector on the Clarity Act discussions will only keep stablecoins unregulated and amplify their concerns about deposit flight. The digital asset adviser of the White House, Pa

Vancouver "Bitcoin Reserve" Dream Shattered! City Hall Staff "This Reason" Suggests Withdraw Proposal

Vancouver Mayor Ken Sim proposed establishing a "Bitcoin Strategic Reserve," but city officials assessed that Bitcoin does not meet legal investment standards and recommended that the city council withdraw the proposal. According to the report, Bitcoin is not classified as a legal asset and requires reallocation of human resources to align with municipal priority plans. The Ministry of Municipal Affairs of British Columbia has already stated that local governments are not permitted to include cryptocurrencies in their financial reserves to avoid risks.

House Pushes Back on Senate’s 2030 CBDC Ban Expiry

United States Congress is debating a CBDC ban after lawmakers challenged the Senate’s 2030 expiration clause. Ted Cruz proposed an amendment to remove the sunset clause and make the CBDC prohibition permanent. House lawmakers oppose the temporary ban, warning it could allow a future U.S.

South Korea plans to ban corporate investments in stablecoins, and USDT and USDC may be excluded from the permitted scope.

Gate News Report, March 7 — According to Korean media, the Korea Financial Services Commission is drafting the "Corporate Virtual Currency Trading Guidelines," which may exclude stablecoins from the permitted investment scope. The guidelines will outline the standards for listed companies and registered professional investment firms to trade digital assets for investment or financial purposes. To prevent reckless investments in the early stages of the market, regulators have decided to exclude dollar-pegged stablecoins such as Tether (USDT( and USD Coin )USDC( from the allowable investment range.