Japan's Financial Services Agency may investigate whether the issuance of SANAE TOKEN violates regulations

U.S. banking industry strongly opposes Kraken's access to the Federal Reserve, Trump angrily accuses of obstructing crypto agenda

Cryptocurrency exchange Kraken becomes the first company to hold a main account with the U.S. Federal Reserve, allowing direct settlement of USD transactions. However, this has sparked strong opposition from the banking industry, which is concerned about potential threats to financial stability. Stablecoins could lead to a $6.6 trillion outflow of deposits, affecting lending costs. Trump supports the crypto agenda, accusing banks of obstructing legislation, indicating his political stance and vested interests.

E-commerce giant Coupang begins building a legal team for stablecoin

Coupang Pay is expanding its legal team to pursue stablecoin ambitions, hiring a new attorney and a senior legal advisor focused on fintech regulations and global payment partnerships, especially in light of South Korea's evolving stablecoin framework.

Forecasting market regulation framework launched! SEC and CFTC submit plans to the White House

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have submitted regulatory proposals to the White House, focusing on the classification of crypto assets and rules for prediction markets. The SEC plans to establish token classification standards to clarify regulatory responsibilities for different types of tokens, while the CFTC proposes to develop formal regulations for prediction markets. This submission reflects significant changes in the financial regulatory process, highlighting the White House's increased influence on the regulatory agenda.

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

Odaily Planet Daily reports that crypto journalist Eleanor Terrett announced on the X platform that another major advocate for cryptocurrency tax reform in the U.S. Senate will not seek re-election. Senators Lummis and Steve Daines have confirmed they will not run for re-election, and Marsha Blackburn will also leave the Senate if she is elected Tennessee governor.

Sources: UK and US have disagreements on cryptocurrency cooperation

Regulatory agencies in the UK and the US have disagreements regarding testing blockchain financial securities. The UK favors "sandbox" testing, while the US is more supportive of "exemption relief." Although there is consensus on stablecoin regulations, the two sides still have differing opinions on specific testing approaches, and recommendation reports are expected to be submitted before summer.

U.S. SEC and CFTC advance regulatory plans targeting the crypto industry and prediction markets

Wall Street regulators are advancing regulatory plans for the crypto industry. The U.S. Securities and Exchange Commission has submitted guidance to the White House to establish classification standards for crypto assets. The Commodity Futures Trading Commission is also considering new rules for prediction markets, both aiming to clarify the scope of regulation and protect investors.