Coinone Sues South Korea's Financial Intelligence Unit Over Sanctions, Seeks to Block Enforcement

Tennessee crypto ATM ban takes effect July 1; violators face up to 11 months in prison

Tennessee Governor Bill Lee signed Tennessee House Bill 2505 (HB2505) on April 13, establishing that, starting July 1, installing or using cryptocurrency kiosks and ATMs in that state constitutes a Class A misdemeanor. Under Tennessee law, violators face up to 11 months and 29 days in jail and a $2,500 fine. Those affected include equipment operators and companies that provide machine hosting.

Chainalysis Maps Iran Stablecoin Pipeline Behind $344M USDT Freeze

A $344 million USDT freeze has exposed how Iran-linked funds are routed through stablecoin networks. Chainalysis analyzed the activity across brokers, intermediary wallets, and DeFi protocols tied to Central Bank of Iran-linked addresses. Key Takeaways: $344M USDT freeze exposed a multi-step

The SEC launches a request for public comment on commodity trust listing rules, as NYSE Arca proposes an 85% asset threshold

The U.S. Securities and Exchange Commission (SEC) issued a notice on April 27 calling for public comments on the proposed rule change submitted by the New York Stock Exchange Arca (NYSE Arca). According to an SEC document, NYSE Arca is seeking to amend Rule 8.201-E (the general listing framework for Commodity Trust Shares), which requires that at least 85% of a trust’s net asset value be held in qualifying assets permitted under the rule.

South Korea's Tax Authority Recovers 33.9B Won Through Cross-Border Cooperation, to Receive Crypto Asset Reports from 56 Countries Starting 2027

Gate News message, April 28 — South Korea's National Tax Service has recovered 339 billion won (approximately $23 million) in back taxes over the past nine months through cooperation with tax authorities in three countries since launching its new system in July 2025. This recovery accounts for the m

The Canadian House of Representatives passes Bill C-25 at second reading, intending to ban political parties from accepting crypto donations

According to records from the Canadian Parliament, Bill C-25, the “Strong and Free Elections Act,” passed second reading in the House of Commons on Friday, indicating that MPs generally support the bill. The next step will be to send it to a committee for detailed review, and amendments may be proposed; the specific timeline for the committee’s consideration has not yet been determined. If the bill is passed, it will prohibit Canadian political parties and candidates from accepting cryptocurrency donations to fill the regulatory gaps in the current election funding rules.

U.S. Senator Lummis Plans to Push CLARITY Act Into Senate Review in May, Calls Bitcoin "True Freedom Currency"

Gate News message, April 28 — U.S. Senator Cynthia Lummis from Wyoming, chair of the Senate Digital Assets Banking Subcommittee, announced at the Bitcoin 2026 conference her plan to advance the CLARITY Act into the Senate review process in May and push for its final passage, establishing a