ChainCatcher reports that U.S. Democratic Senator Elizabeth Warren urged Federal Reserve Chairman Jerome Powell to firmly refuse to provide cryptocurrency bailouts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Regulatory Upgrade Impacts Prediction Markets, Kalshi and Polymarket Strengthen Insider Trading Control Mechanisms
As regulatory pressure from the U.S. Congress increases, prediction market platforms Kalshi and Polymarket are strengthening controls on insider trading and market manipulation, advancing their compliance efforts. Kalshi has introduced new screening mechanisms to prohibit candidates and athletes from participating in related trading; Polymarket has updated its violation definitions and enhanced compliance infrastructure. Against a backdrop of tightening regulation, both platforms maintain market dominance, with future compliance capabilities becoming a key competitive differentiator.
GateNews5m ago
US CLARITY Act Draft Proposes to Prohibit Platforms from Offering Yields on Stablecoins, To Be Reviewed by Banking Industry Representatives Tomorrow
The latest draft of the U.S. CLARITY Act proposes to restrict platforms from offering yields on stablecoin holdings, prohibiting returns similar to bank deposit interest. The draft permits loyalty and promotional rewards, but these must avoid being viewed as "interest-like." Regulators will jointly define compliant forms, and some industry insiders believe the draft is more stringent.
GateNews13m ago
Circle asks EU to ease crypto thresholds in proposed markets framework
Stablecoin issuer Circle has urged the European Commission to lower the barrier for institutions to engage with crypto-asset service providers in response to its proposed Market Integration Package — a policy initiative aimed at strengthening capital markets in Europe.
In a statement on Monday, Ci
Cointelegraph25m ago
MrBeast Targeted: Step Pushing Cryptocurrency to Minors, Warren Demands Accountability
Democratic Senator Warren has raised concerns about the cryptocurrency plans following MrBeast's Beast Industries acquisition of fintech app Step, with particular focus on protecting minors and safeguarding funds. She has demanded clarification on whether Step plans to reopen cryptocurrency investment features for minors, risk disclosures, and marketing ethics issues. Beast Industries stated it will review its product and marketing strategies to meet high standards and regulatory requirements.
MarketWhisper29m ago
Taiwan's Legal Cryptocurrency Platforms Number Only 8, With 30 Unlicensed Overseas Platforms; Financial Regulator Proposes Legislation
Taiwan's Legislative Yuan Finance Committee is reviewing the "Virtual Asset Service Law Draft," which aims to regulate offshore cryptocurrency platforms. Currently, only 8 legitimate VASPs exist, corresponding to 30 unregistered offshore entities, indicating market imbalance. The draft requires offshore VASPs to establish branch companies or new divisions in Taiwan to operate legally, emphasizing the necessity of consumer protection and regulatory oversight.
MarketWhisper36m ago
