The White House supports the Digital Asset Market Transparency Act

The President of South Korea nominated Shin Hyun-sung as a candidate for the new governor of the central bank, and Shin has a negative attitude towards the Korean won stablecoin.

Gate News reports that on March 29, South Korean President Lee Jae-myung nominated Shin Hyun Song, the head of the Monetary and Economic Department of the Bank for International Settlements, as a candidate for the new governor of the Bank of Korea. It is reported that Shin Hyun Song is known as a "pragmatic hawk" and holds a negative attitude towards the Korean won-pegged stablecoin promoted by the Lee administration. Shin Hyun Song believes that in countries with highly volatile exchange rates that are susceptible to capital outflows, stablecoins can easily become a tool for capital flight, and stablecoins pegged to the local currency may accelerate this trend.

Canada proposes crypto political donation ban over foreign interference fears

Canada’s federal government has proposed a total ban on cryptocurrency donations to political parties, citing concerns that foreign entities could exploit the technology to interfere in elections. Known as the Strong and Free Elections Act, the bill was introduced on Thursday and proposed to

The Turkish parliament removed the cryptocurrency tax clause, which was originally intended to impose a 0.3% transaction tax.

Gate News reported that on March 29, the Turkish Parliament removed the tax provisions related to cryptocurrency assets during the deliberation of a comprehensive bill. Previously, the provision aimed to impose a 0.3% transaction tax on cryptocurrency transactions conducted through service providers and to implement withholding tax on cryptocurrency gains. This adjustment stemmed from strong opposition from the opposition party. Turkish officials stated that the relevant content may be reintroduced in the future as separate legislation.

Peter Schiff Warns: Crypto Collateral Mortgages May Drive Up Homebuying Costs and Increase Default Risk

Economist Peter Schiff warns that crypto asset mortgages may increase the cost of home purchases and the risk of default, as borrowers must take on both mortgage and crypto "second loan" interest. This model amplifies leverage levels, raising concerns.

Warren requested the provision of records on Bitmain due to concerns about security issues.

Senator Elizabeth Warren requested the U.S. Department of Commerce to provide records on Bitmain Technologies amid concerns of national security risks related to its bitcoin mining equipment. This inquiry is part of the ongoing "Operation Red Sunset" investigation into potential espionage and power grid disruptions. Warren also expressed worries about possible political influences due to business ties between the Trump family and Bitmain.

Coin Center: The Trump administration has not fulfilled its promise not to prosecute developers of cryptocurrency privacy software, and several developers are still facing lawsuits.

Coin Center's Executive Director stated that the Trump administration failed to fulfill its promises, leading to legal risks for developers of cryptocurrency privacy software. Currently, the U.S. Department of Justice has filed lawsuits against multiple developers, exacerbating compliance uncertainty in the industry.