South Korea's Finance Minister: Will strengthen regulation of the cryptocurrency market

Senator Tim Scott: The cryptocurrency market structure bill has received bipartisan support, and industry consensus is the final obstacle.

Gate News reports that on March 27, Tim Scott, the chairman of the U.S. Senate Banking Committee, stated that bipartisan support has been gained for cryptocurrency market structure legislation, with industry consensus being the final obstacle. Tim Scott revealed that he has communicated with a certain exchange, and all parties are still at the negotiating table.

Former Governor of the People's Bank of China Zhou Xiaochuan: The key to payment systems is adaptability, and stablecoins bypassing compliance reviews should be approached with caution.

Zhou Xiaochuan emphasized at the Boao Forum that the key to payment systems lies in adaptability, rather than a single technology. He pointed out that while digital currencies are used by central banks, they also contribute to online fraud, and the ability to combat fraud urgently needs improvement. He mentioned that stablecoins bypass compliance issues and called for in-depth consideration rather than blindly following trends.

Trump's strategist and crypto czar David Sacks steps down from the White House, with a 130-day term coming to an end and multiple pieces of legislation remaining unresolved.

David Sacks, the core operator of the Trump administration's cryptocurrency policy, resigned as the White House's head of artificial intelligence and cryptocurrency affairs on March 27, completing a term of 130 days, not due to policy disagreements. The Bitcoin reserve and stablecoin legislation he promoted is still ongoing, and his successor has yet to be determined, which may cause delays in advancing cryptocurrency policy. Sacks will transition to co-chair of the President's Council of Advisors on Science and Technology, but his influence may be limited.

TD Securities warns: Tokenized stocks may trigger a dual-market structure on Nasdaq

TD Securities warns that Nasdaq's push for tokenized stock programs could lead to a dual-track structure in the U.S. capital markets, resulting in the coexistence of regulated traditional exchanges and offshore platforms, increasing market fragmentation risk. The tokenized stock market is growing rapidly, attracted by 24/7 trading, but the resulting competitive pricing issues may harm market efficiency and retail investor protection.

Hong Kong mandates unlocking phones and Bitcoin wallets; those who refuse face criminal charges.

Hong Kong authorities reaffirm their law enforcement powers under the National Security Law, requiring all individuals to unlock their devices during investigations, including foreign travelers. This regulation poses specific risks to cryptocurrency holders, as exposure of related data could lead to asset loss. Experts recommend traveling with "clean devices" and avoiding storing sensitive information to protect crypto assets.