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

White House Says Trillions Await Bitcoin Market Rules

Patrick Witt emphasizes that regulatory clarity is essential to access trillions in institutional capital, highlighting ongoing Senate negotiations on the Clarity Act. He notes the government's efforts to centralize Bitcoin oversight and foster collaboration between banks and crypto firms to enhance innovation and participation in the digital finance sector.

Bankr: From now on, developers are only allowed to deploy tokens themselves through the X platform.

Foresight News reports that AI agent platform Bankr announced a response to "X's proposed API update terms, which would prevent applications from creating fee pools without user consent," stating, "Charging fees has never been the ultimate goal. Instead, it serves as a proof of concept demonstrating that developers can use token-guided mechanisms to create real businesses through AI agents. Bankr will adjust its deployment strategy and will now only allow developers to deploy independently via the X platform. Developers must build, deploy, and profit from their applications on their own, maintaining full autonomous control."

Fed Flags XRP as Core Asset in New Crypto Risk Framework

The Federal Reserve Board's new research paper recognizes XRP as a key crypto asset for managing risk in uncleared derivatives markets, distinguishing it from stablecoins. This inclusion signals XRP's legitimacy, aiding institutions in developing compliant products and enhancing regulatory clarity in the evolving crypto landscape.

Regulatory Storm Brewing? The US SEC and CFTC Keep a Close Watch on the Prediction Market

The prediction markets in the United States have rapidly emerged in recent years, attracting the attention of regulatory agencies. SEC Chairman Paul Atkins emphasized that the legal status of prediction markets as "gambling" or "financial instruments" remains controversial, especially for contracts involving events such as elections. The overlapping regulatory authority requires collaboration between federal and state governments, and whether clear rules will be established in the future remains to be seen.

Bang Virginia passes bill regulating the operation of cryptocurrency ATMs

Virginia is advancing a bill to regulate cryptocurrency ATMs statewide, requiring licensing and consumer protection measures due to rising fraud. New users will have a 48-hour hold on transactions to allow refunds if fraud is suspected.

Brazil to Propose 3.5% Tax on Stablecoin Purchases and Remittances

The measure, described last week, would be submitted by Brazil’s Revenue Service for public consultation and would impose a 3.5% tax on both stablecoin purchases and remittances, treating them as foreign currency exchanges subject to the existing Tax on Financial Transactions (IOF). Brazil