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

Crypto Millions Finance Sale of Stolen US Trade Secrets, Treasury Says

The Treasury Department sanctioned a Russian exploit broker network accused of trafficking stolen U.S. trade secrets and government cyber tools for cryptocurrency, marking the first use of a key intellectual property law to counter escalating national security threats. Treasury Sanctions

The OCC releases the "GENIUS Act" implementation proposal, bringing the stablecoin regulatory framework into the implementation stage

February 25 News, the Office of the Comptroller of the Currency (OCC) has released a proposal for implementation regarding the "Guidance and Establishment of the U.S. Stablecoin National Innovation Act" (GENIUS Act) and has initiated a 60-day public comment period. This marks the transition of the U.S. stablecoin regulatory framework from legislative development to concrete enforcement. OCC Comptroller Jonathan V. Gould stated that the regulatory framework aims to ensure the stablecoin industry develops in a safe and sound environment. The GENIUS Act, as the United States' first federal-level legislation on payment stablecoins, took effect in July 2025. According to the act, full implementation is scheduled for 18 months after the enactment date, which is January 18, 2027, or 120 days after the issuance of final regulations by the main regulatory agencies, whichever comes first.

Market Predictions: Kalshi Faces Multiple Controversies! MrBeast Employee Suspected of Insider Trading, California Gubernatorial Candidate Bets on Their Own Race

The prediction platform Kalshi has launched an investigation into 200 insider trading cases, with two well-known individuals accused of violations. Mr. Beast's editor Artem Kaptur was suspended for two years and fined $20,000 for abnormal trading activity; former California gubernatorial candidate Kyle Langford was banned for five years and fined $2,000 for betting on his own election prospects. The CFTC emphasized that it will pursue insider trading behaviors, while Kalshi plans to strengthen self-regulation.

CFTC Statement Affirms Authority to Regulate Prediction Market Trading Violations

The US CFTC states that it has full enforcement authority over illegal trading in prediction markets and has frozen relevant accounts in connection with the insider trading incident reported by Kalshi. As regulation of such markets intensifies, jurisdiction disputes between the CFTC and the states are also escalating.

Forecast: Market operators face 20 lawsuits, and users may bear cross-state regulatory risks

Regulatory agencies in various U.S. states have filed over 20 lawsuits against prediction market operators Kalshi and Polymarket. The CFTC argues that federal law should take precedence, creating conflicts with local governments. States are concerned about losing tax revenue and gambling issues, leading to an uncertain legal environment that increases user risk. The cases are expected to be delayed until a ruling by the Supreme Court.

The Chairman of the UK Security Committee calls for a temporary ban on political donations via cryptocurrency

Matt Western, chairman of the UK's National Security Strategy Committee, calls for a temporary ban on cryptocurrency donations to political parties due to foreign interference concerns. He urges stricter regulations and the establishment of a national police force to oversee political finances.