Platform X Paid Partnership Policy Update: Cryptocurrency, Investment Services, and Others Not Eligible for Promotion

South Korea limits major shareholders of crypto exchanges to 20% ownership, promoting industry diversification and increased market transparency

The South Korean financial regulatory authority is drafting new regulations to limit the shareholding ratio of major shareholders in cryptocurrency exchanges to within 20% in order to reduce systemic risk and enhance transparency. This will prompt exchanges to reorganize their equity structures, strengthen governance and market fairness, and also provide new opportunities for institutional investors. Analysts believe that this measure will help improve industry credibility and promote long-term stable development.

Ripple CEO: Clear legislation will protect Americans' financial interests, legislative progress nearing the end

Ripple CEO Brad Garlinghouse reiterated that passing the Clear Act would help protect American financial interests and called for pragmatic negotiations between the industry and banks. He believes there is a high likelihood of the bill passing before the end of April, emphasizing that clear policies are more important than regulatory chaos. Meanwhile, the White House warned banks not to use bill negotiations as leverage, and industry discussions are still ongoing.

The battle for stablecoin yields escalates: Eric Trump angrily criticizes banks as "anti-American," and crypto regulation bills stall.

The conflict between US cryptocurrency regulation and traditional banking is intensifying. Eric Trump criticized large banks for blocking stablecoin yields, claiming it is an effort to maintain a "low interest rate monopoly." At the same time, Trump also accused lobbying groups of hindering the progress of crypto legislation. The congressional bill on stablecoins is moving slowly and faces disputes from all sides. If no consensus is reached, it could lead to ongoing regulatory uncertainty for the crypto industry.

Eric Trump: Traditional banks lobby to suppress stablecoins, revealing the low-interest deposit monopoly structure

Eric Trump accuses large banks of using lobbying groups to block stablecoins and crypto platforms from offering high annual yields, calling it systemic exploitation. Stablecoins like Coinbase USDC and MakerDAO DAI offer interest rates higher than traditional banks. The controversial CLARITY Act may restrict interest payments on stablecoins, with crypto supporters arguing that this move protects the interests of traditional banks.

Bank for International Settlements warns: Offline digital euro could become a new tool for money laundering, with higher crime risks than cash

The Bank for International Settlements report indicates that offline transactions of central bank digital currencies (CBDC) may increase the risk of financial crimes due to complex regulatory challenges and the potential for misuse by malicious actors to evade financial oversight. The European Central Bank is accelerating legislation on the digital euro, aiming to meet consumer privacy needs, while the European Union plans to implement a cap on cash transactions to strengthen anti-money laundering regulations. CBDC policies worldwide are diverging, with the EU actively promoting initiatives to address stablecoin challenges, whereas the United States remains more cautious.

Senator Chris Murphy questions insider trading related to Iran airstrike predictions in the prediction market, with million-dollar bets sparking controversy over "White House corruption"

U.S. Senator Chris Murphy expressed concern over prediction market trading ahead of military actions against Iran, accusing large bets of potentially involving insider information and leading to corruption that profits from war. He mentioned that certain accounts placed precise bets before the airstrikes and reaped huge profits, calling for legislation to restrict such transactions to protect national security. This has sparked widespread discussion in U.S. politics about war powers and transparency.