U.S. Democratic lawmakers will introduce legislation explicitly prohibiting the trading of contracts related to war and death events

Bank of Korea Prioritizes CBDCs Under New Governor Shin, Maintains 2.5% Rate Amid Regional Uncertainty

Gate News message, April 22 — South Korea's central bank has entered a new monetary phase with newly appointed governor Shin Hyun-song placing central bank digital currencies (CBDCs) at the forefront of the country's financial system. In his inaugural address, Shin positioned CBDCs and bank-issued d

PACE Act Targets Faster Payments With Fed Access for Fintechs

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 comp

CLARITY Act Faces May Delay Amid Bank Pressure Push

Senate timing pressures and hearings narrow the window, risking delay of the CLARITY Act markup decision into May. Banking groups intensify lobbying against stablecoin yield provisions, expanding outreach to multiple committee members. Ongoing disputes over yields, ethics, and DeFi

Russia's State Duma Passes Cryptocurrency Regulation Bill on First Reading, Allows Cross-Border Crypto Settlement to Bypass Sanctions

Gate News message, April 22 — Russia's State Duma passed a cryptocurrency regulation bill on first reading, classifying cryptocurrencies as "property" and designating the Central Bank of Russia to oversee market participants' licensing and supervision. The bill introduces a tiered access mechanism f

Fed Chair Nominee Kevin Warsh Backs Crypto Integration, Opposes CBDC

Abstract: Trump's Fed chair nominee Kevin Warsh argues digital assets are already part of U.S. finance, rejects a central bank digital currency, and favors market-led crypto innovation. He disclosed more than $100 million in crypto holdings, inviting questions about independence. Summary: Warsh, Trump's Fed nominee, says digital assets are integral to U.S. finance, rejects a CBDC, and favors market-driven crypto innovation; he disclosed more than $100 million in crypto holdings, raising independence concerns.

SEC Chair Atkins: Tokenized securities regulation is being “reset,” signing an MOU with the CFTC

U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins, in a keynote address at the Washington Economic Club on April 21 marking his one-year anniversary as chair, announced a “reset” plan for digital asset regulation surrounding its “A-C-T” strategy (Advancing, Clarifying, Transforming). The core elements include an “Innovation Exemption” mechanism, a five-category token classification framework, and a memorandum of understanding signed with the U.S. Commodity Futures Trading Commission (CFTC).