a16z's two founders have a lunch meeting with Republican senators to advance cryptocurrency market structure legislation

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.

India's CRS Reporting Framework to Cover Digital Assets

The Indian Government has amended tax rules for digital assets, effective January 01, 2026, to enhance compliance and reporting. The changes clarify the treatment of crypto assets, financial institutions, and low-risk accounts, aiming for greater transparency in the digital finance landscape.

Emphasize technological neutrality! The Federal Reserve: The capital recognition method for "tokenized securities" should follow that of traditional securities

The Federal Reserve and other agencies have issued new guidelines for the banking industry, requiring tokenized securities to follow the same regulatory capital standards as traditional securities, emphasizing that technological form does not affect the method of capital calculation. This reflects regulatory authorities' focus on the legal nature and risk assessment of financial assets, demonstrating the gradual integration of banks and blockchain finance, which helps banks evaluate the risks and costs of tokenization businesses.

Pan Gongsheng: Continue to intensify the crackdown on illegal financial activities such as virtual currency speculation, with a focus on financial risk containment

People's Bank of China Governor Pan Gongsheng stated at the National People's Congress that over the past year, financial risks have been orderly resolved, and the financial system has operated stably. In the future, efforts will continue to combat illegal financial activities, prevent financial risks, and closely monitor the impact of external shocks.

Florida State Senate unanimously passes stablecoin regulation bill, establishing a state-level payment stablecoin regulatory framework

The Florida State Senate passed Bill 314 on March 6th with a 37-0 vote, establishing a regulatory framework for payment-type stablecoins and prohibiting issuers from paying interest. The accompanying House bill will also be submitted for the governor's signature. Meanwhile, another bill was passed to protect the trade secrets of virtual currency businesses.