Regulation & Policy

OCC draft sets federal rules for stablecoin issuers and custody services, focusing on safety and regulatory compliance. Proposal excludes AML and sanctions rules, leaving those areas for separate coordination with Treasury agencies. Framework marks initial step in multi-agency

According to a Decrypt 4/23 report, stablecoin issuer Tether froze two wallets on the Tron chain that day, totaling $344 million USDT—one of the largest single-instance freezing actions in Tether’s history. The entity coordinating the action did so in conjunction with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies. The two addresses were marked as allegedly involved in sanctions evasion, criminal networks, or other illegal activities. Two Tron addresses total $344 million USDT frozen Decrypt cites Tether data, saying that this freeze was concentrated on the Tron network, broken down into the following two transactions: Address (prefix) Frozen amount Chain TNiq9…QZH81 About $213 million USDT Tron

JPMorgan Chase’s report believes that DeFi continues to face ongoing vulnerabilities, cross-chain bridge and oracle attacks are frequent, causing TVL to stagnate and weakening institutional investors’ willingness to invest, with capital shifting to USDT that is traceable and can be frozen. The KelpDAO and Rhea Finance attacks reveal risk-management risks; centralized stablecoins and custodial solutions are more favored. In the long run, improving this will require going beyond insurance and governance. DeFi will not be able to return to the 2021 era of high TVL, and stablecoins will become even more concentrated.

Gate News message, April 23 — The Bank for International Settlements (BIS) released a report warning that crypto exchanges are increasingly providing bank-like services, including lending and yield products (Earn), but lack the regulatory oversight and deposit protections inherent in traditional

Gate News message, April 23 — Tether froze two large whale wallets on the Tron blockchain holding a combined $344 million in USDT on Wednesday in coordination with the U.S. Treasury's Office of Foreign Assets Control (OFAC) and U.S. law enforcement. The two addresses held approximately $131.3 millio

Gate News message, April 23 — Tether froze two large wallets on the Tron blockchain holding a combined $344 million in USDT on Wednesday morning, in coordination with the U.S. Treasury's Office of Foreign Assets Control (OFAC) and U.S. law enforcement. The two addresses held approximately $131.3 mil

Gate News message, April 23 — Tether announced it has supported the U.S. government in freezing over $344 million in USDT across two wallet addresses. The action was coordinated by the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) and U.S. law enforcement agencies to prevent

Gate News message, April 23 — Polymarket, a crypto prediction market platform, has drawn insider trading allegations following a surge in trading volume around predictions related to U.S. President Donald Trump's policies and statements. Between April 5 and 8, markets predicting outcomes related to

Polymarket traders won more than $35,000 after temperature sensor spikes near Paris-Charles de Gaulle airport resolved long-shot weather bets in their favor, prompting France's national weather agency to file a police complaint. The incidents occurred on April 6 and April 15, when a Météo France sen

PACE Act introduces optional federal licensing for fintechs, requiring compliance, reserves, and oversight by the OCC. Direct access to Fed systems like FedNow and Fedwire aims to cut delays, lower costs, and reduce reliance on banks. Industry groups support the bill, citing improved

Bitcoin critics and gold supporter Peter Schiff posted on X on April 23, saying that the STRC perpetual preferred stock introduced by MicroStrategy (Strategy) is “the most obvious Ponzi scheme to date,” and criticizing the U.S. Securities and Exchange Commission (SEC) for failing to effectively stop Michael Saylor from promoting STRC.

According to a report by TASS on April 22, Ruslan Vestrovskiy, senior vice president and head of wealth management at Russia’s Sberbank, said at the Moscow Exchange Forum that once cryptocurrency-related regulation is implemented and exchanges begin organized trading, Sberbank will provide its customers with cryptocurrency trading services. On the same day, the Russian State Duma passed the first reading of a bill on cryptocurrency regulation.

Gate News message, April 23 — Negotiations on a broader U.S. cryptocurrency market-structure bill, known as the Clarity Act, are in a "good spot" on stablecoin rewards, according to key negotiators Senators Angela Alsobrooks (D-Md.) and Thom Tillis (R-N.C.), even as other contentious issues includin

On April 22, the UK Financial Conduct Authority (FCA) announced that its enforcement team, together with Her Majesty’s Revenue and Customs (HMRC) and the Southwest Regional Organized Crime Unit (SWROCU), conducted raids on eight suspected illegal peer-to-peer (P2P) cryptocurrency trading venues in London on April 21, issuing stop orders at each location. The FCA confirmed that there are currently no legally registered P2P crypto platforms in the UK.

Gate News message, according to an official Gate announcement Gate has announced the delisting of trading services for 14 tokens. The tokens to be delisted include 5IRE, UNO, BLY, CLEAR, KIMA, TMAI, LOVE, TARA, DIONE, STARL, MASA, OPUL, MCRT, and ROCK, all of which correspond to USDT trading pairs. Gate has paused the deposit service for these tokens and will, before 2026-04-30 11:00(UTC+8), close new leveraged lending and collateralized lending, and also pause the related spot trading pairs, Quant Grid, Yubibao, and leveraged trading. After 2026-04-30, users who still hold the above tokens on Gate may submit an application to participate in the buyback. The buyback price varies by token. Users need to submit the buyback application form between 2026-05-14 and 2026-05-21. For a single account, the maximum compensation amount is 100 USDT. In addition, users can withdraw the tokens to their Gate Web3 wallet for permanent storage, or take out the tokens before delisting from the trading market.

Gate News message, April 23 — Hong Kong plans to introduce a crypto OTC compliance license by the end of 2026, according to Wu Jiezhuang, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and chairman of the Legislative Council's Commerce and

Gate News message, April 23 — Japan's Financial Services Agency (FSA) has submitted legislation to Parliament proposing to reclassify crypto assets from the Payment Services Act to the Financial Instruments and Exchange Act, according to remarks by Shigeru Shimizu, director of the FSA's Risk

New York Governor Kathy Hochul signed an executive order on Wednesday, April 22, barring state officials and employees from using nonpublic information obtained through their positions to place bets in prediction markets, or from assisting any third party in engaging in the foregoing conduct. On the same day, prediction market platform Kalshi announced that it had completed an internal investigation into three political candidates who placed bets in their own campaign activities, and imposed fines and suspensions on them.

The DeFi Education Fund (DeFi Education Fund) on April 21 jointly with more than 30 cryptocurrency industry organizations submitted a joint letter to the U.S. Securities and Exchange Commission (SEC), urging the SEC to adopt the “notice-and-comment” formal rulemaking process and to convert the current staff statements regarding decentralized tools into formal rules with lasting effect.