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

SEC Chair Atkins states that the "Crypto Interpretation Order" is just the beginning; the 99% complete stablecoin bill is the key.

SEC Chair Atkins emphasized that the recently released crypto asset interpretive guidance is an important starting point for regulation, with the key next step being congressional legislation. The stablecoin bill is nearing completion, and the market structure bill is also progressing, both of which could improve the regulatory environment. However, administrative interpretations have limited stability, and true binding authority still requires legislation to ensure. Long-term regulation remains uncertain.

Cold Wallets Completely Illegal? Kentucky ATM Bill Contains Hidden Backdoor, Bitcoin Community Protests: Effectively Bans Self-Custody

Kentucky recently passed a crypto ATM regulatory bill, but added provisions at the last minute requiring hardware wallet manufacturers to provide password reset mechanisms, which is viewed as imposing backdoors by design and undermining the principles of self-custody. This move has triggered industry warnings that it could harm user rights and contradicts legislation passed unanimously last year protecting self-custody rights.

XRP Today's News: Five-Year Legal Battle Ends, Price Drops After Regulatory Clarity

The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) released a cryptocurrency asset classification framework, designating XRP as a "digital commodity" and ending a five-year regulatory dispute. Although this news temporarily boosted XRP's price, it subsequently declined due to interest rate policies and market sentiment. The market is focused on the March 27 deadline for XRP ETF applications, which could serve as a new catalyst if approved.

SEC Chair Paul Atkins: Most Crypto Assets Are Not Securities, New Era of Regulation Just Beginning

SEC Chair Paul Atkins stated that only one class of crypto assets is subject to securities laws, with most digital assets falling outside its jurisdiction, and emphasized that different regulatory approaches will be adopted. As the CLARITY Act advances, legislation is critical to providing a durable framework for crypto regulation. Stablecoin regulatory issues remain unresolved, with obstacles existing before the bill passes, but progress is optimistic.

US Republican Lawmakers Push for CBDC Ban in Defense Spending Bill

Gate News reported that on March 20, a group of US Republican lawmakers opposed passing a new defense spending bill unless it includes provisions to ban central bank digital currencies (CBDC) that were previously promised. This action has sparked a new round of controversy regarding CBDC policy.

Bitcoin ATM Bill Surges with Cold Wallet Restrictions, Kentucky Self-Custody Rights in Crisis

Kentucky's HB380 Bill adds Section 33, requiring cold wallet providers to assist users in resetting access credentials. This contradicts the design principles of non-custodial cold wallets, which should not allow third parties to access private keys. This requirement could undermine cold wallet security and force users toward centralized institutions, creating a conflict that contradicts the already-enacted HB701 bill. Additionally, U.S. states are further tightening regulations on cryptocurrency ATMs.