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Regulation/Compliance

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Polish President Vetoes Crypto Regulation Bill for Third Time

Polish President Karol Nawrocki announced in a statement on Thursday that he has vetoed for the third time a bill aimed at regulating cryptocurrencies and implementing EU regulations, citing that the legislation failed to address his previous objections. Polish lawmakers passed the crypto regulation bill in May, which is designed to implement the EU's Markets in Crypto-Assets (MiCA) regulation that Poland must adopt by July.Karol Nawrocki had previously vetoed similar legislation twice and stated on Thursday that he supports industry regulation and consumer protection. However, he noted that the government had ignored most of the proposals prepared by his office, and that the bill would be signed into law if amended. (Reuters)

U.S. House Bipartisan Lawmakers Propose Bill to Establish Federal Cryptocurrency Theft Task Force

U.S. House bipartisan lawmakers introduced a bill on Thursday to establish a cross-agency federal cryptocurrency theft task force under the leadership of the Attorney General, aimed at coordinating and leading investigations into cryptocurrency theft, fraud, and hacker attacks.The bill is jointly sponsored by Republican Representative Lance Gooden of the House Judiciary Committee and Democratic Representative Josh Gottheimer of the House Financial Services Committee. The task force will include multiple federal agencies such as the Department of Justice, the Federal Bureau of Investigation, the Department of Homeland Security, and the Department of the Treasury, aiming to address the $11 billion theft and fraud issues caused last year and provide victims with a unified federal response mechanism. (coindesk)

IMF Calls on Nepal to Establish Crypto Regulatory Framework, Citing Rapid Growth in Crypto and Stablecoin Inflows in Recent Years

The International Monetary Fund (IMF) stated in its latest annual assessment of Nepal that, despite Nepal’s comprehensive ban on cryptocurrency transactions and mining since 2021, inflows of cryptocurrencies and stablecoins grew rapidly between 2019 and 2024—peaking at over 13% of GDP in 2021 and rebounding to approximately 8% in 2024, with cross-border flows amounting to roughly 5% of GDP. The IMF recommends that Nepal establish a cryptocurrency regulatory framework aligned with international standards, strengthen monitoring of stablecoins and unbacked crypto assets to prevent circumvention of capital controls and large-scale deposit outflows, and urges Nepal to complete the FATF action plan and exit the “gray list.”

Digital Asset, developer of the Canton Network, has completed a $355 million funding round led by a16z.

According to CoinDesk, Digital Asset, the blockchain developer behind Canton Network, has announced a $355 million funding round led by a16z crypto, with participation from global institutions including ABN Amro, Apollo Funds, BNP Paribas, Citadel Securities, HSBC, SBI Group, and a subsidiary of the Abu Dhabi Investment Authority. The round exceeded its original target of $300 million, valuing the company at $2 billion. Canton Network is designed specifically for large financial institutions and enables the issuance and trading of tokenized real-world assets—such as bonds, loans, and funds—on a shared ledger, while maintaining privacy and meeting regulatory compliance requirements. In addition to financial support, a16z crypto will provide specialized assistance in development, policy, and research.

Bitcoin Treasury Company Nakamoto Sells Approximately 600 BTC to Repay Debt

the Bitcoin treasury company Nakamoto officially announced that it generated approximately $48 million in net proceeds by selling about 600 BTC and related derivative positions, thereby repaying approximately $45 million in outstanding debt to Kraken. This move is expected to reduce annual financing costs by approximately $4 million.Following the transaction, the company signed a new loan term sheet with Kraken for the remaining 165 million USDT, with a principal of 105 million USDT deferred to June 30, 2027, and an annual interest rate that can be reduced to 7.75% upon meeting the Bitwise custodied wallet collateral threshold. Additionally, the company’s board of directors has authorized a share repurchase program of up to $25 million. Currently, the company still holds approximately 4,467 BTC on its balance sheet. Furthermore, according to a notice from Nasdaq, the company has regained compliance with listing requirements.

Nakamoto Reduces Debt by $45 Million and Launches Share Buyback Program

Bitcoin treasury company Nakamoto announced the completion of a series of financial strategic adjustments, including reducing $45 million in debt, entering into new loan terms (partially extending repayment deadlines to 2027 and adjusting interest rates), approving a share repurchase program of up to $25 million, regaining Nasdaq compliance eligibility, and currently holding 4,468 bitcoins in reserve.

Bitget Lists Spot Stocks including Morgan Stanley, Nike, Pfizer, and 90 Others

According to an official announcement, Bitget has listed spot stocks for a total of 90 assets, including rMS (Morgan Stanley), rNKE (Nike), rPFE (Pfizer), rXOM (Exxon Mobil), and rOXY (Occidental Petroleum), covering multiple sectors such as energy, healthcare, financial services, and technology & communications.It is reported that rTokens, identified by the prefix 'r' + stock ticker (e.g., rNVDA for Nvidia), are issued by Reality, a licensed RWA protocol under Bitget. Through a partnership with compliant broker Alpaca, these tokens connect directly to global liquidity pools including Nasdaq and the NYSE. Key features include: a 1:1 reserve of the underlying asset held by a licensed custodian, stock dividends distributed 1:1 in token form, synchronized mirroring of corporate actions (such as stock splits/reverse splits), and usability as cross-margin collateral for unified accounts and USDT-margined contracts. This allows users to hold global stock assets while still managing their funds flexibly.

Delaware Advances Statewide Crypto ATM Ban, Existing Machines May Need Removal Within 90 Days

Bitcoin News posted on X, stating that the Delaware House Economic Development Committee has advanced House Bill 441, which would ban all crypto ATMs across the state. If the bill passes the state Senate and is signed into law, existing machines must be removed within 90 days. Legislators note that fraud related to crypto ATMs is on the rise. Indiana, Tennessee, and Minnesota have previously advanced similar restrictions or bans.

Hungary to Remove Cryptocurrency Trading Restrictions Amid EU Scrutiny

Odaily Odaily reporter Anita Köböl, spokesperson for the Hungarian government, stated at a press conference on Thursday that Hungary will lift restrictions on cryptocurrency trading. These restrictions previously required approval verification for exchanges and exposed the public and DApp service providers to criminal liability.Anita Köböl stated that the rules introduced last year led to a decline in cryptocurrency trading activity in the country, prompted several digital asset platforms to suspend their cryptocurrency services there, and triggered an EU review of whether these restrictions comply with EU regulations. Under a legislative package passed in 2025, individuals or entities conducting cryptocurrency exchanges through unauthorized platforms could face up to eight years in prison. This move marks a policy shift in Hungary. After the Tisza Party came to power, the new government is working to ease years of conflict between Hungary and the EU. (cointelegraph)

Japanese House of Representatives Passes Crypto Asset Regulation Bill, Plans to Regulate Like Stocks and Other Financial Products

the Japanese House of Representatives has passed a bill to regulate cryptocurrencies under the Financial Instruments and Exchange Act, bringing them closer to the regulatory framework applied to stocks and other investment products. The new rules, expected to take effect next year, will classify crypto assets as financial instruments, involving reduced tax burdens, stricter trading rules, and paving the way for the launch of crypto asset ETFs. The bill also introduces insider trading bans similar to those in stock markets, stricter disclosure requirements, investment caps for unaudited token issuances, and significantly increased penalties for unregistered crypto business operators. (CoinDesk)

Bitget May Transparency Report: IPO Prime Product Line Scale Exceeds $110 Million

Bitget has released its May 2026 transparency report. Data shows that the total asset scale of its IPO Prime product line has surpassed $110.8 million. Among these, the preSPAX token linked to SpaceX has reached a value of $85.8 million, while the preOPAI token linked to OpenAI is valued at nearly $25 million, indicating rising market demand for exposure to tokenized private markets.To support the compliant development of the RWA ecosystem, Bitget launched the RWA licensed protocol, Reality, in May. Its issued tokenized stocks (rTokens) are strictly pegged 1:1 to the underlying US equities, with assets custodied by Alpaca, a FINRA-registered, SIPC-protected US securities broker, and provide real-time proof of reserves through third-party independent audits.The report also disclosed that Bitget AI users surpassed 1 million in May, with monthly trading volume exceeding $1.2 billion. In terms of regulatory compliance, Bitget completed a key regulatory registration in Mexico, further strengthening its position in the core Latin American market. With the improvement of its core product lines, Bitget is accelerating the deep integration of tokenized assets, AI investments, and crypto infrastructure within the UEX framework.

Bithumb CEO under investigation by South Korean police for bribery suspicion

the Public Crime Investigation Division of the Seoul Metropolitan Police Agency in South Korea has registered Bithumb CEO Lee Jae-won as a suspect in a bribery case, which is linked to independent lawmaker Kim Byung-kee. According to a former assistant's testimony, Kim Byung-kee asked Lee Jae-won in November 2024 to arrange jobs for his two sons at Bithumb. They joined the company two months later and worked for about six months. Kim Byung-kee also previously requested Bithumb to hire one of his assistants, who has been working at the company since September 2025. (The Block)

U.S. asset management firm Federated Hermes launches compliant digital Treasury money market fund

According to Ledger Insights, Federated Hermes—a U.S.-based asset management firm with $907 billion in assets under management—has announced the launch of the Federated Hermes Money Market Management Digital Treasury Fund, a money market fund compliant with the GENIUS Act’s stablecoin regulatory requirements. Primarily targeting stablecoin issuers, the fund is also open to institutional and retail investors. Its collateral assets have maturities of no more than 93 days, and its investment scope includes cash and U.S. Treasuries—highly liquid assets.

Japan Plans to Bring Crypto Assets Under the Same Regulatory Framework as Stocks, Possibly Effective Next Year

Japan’s parliament is advancing a bill to bring crypto assets under the same regulatory framework as stocks. The bill passed the lower house on Thursday and proposes classifying crypto assets as financial instruments, subjecting them to lower tax rates and stricter trading rules—and paving the way for new products such as crypto asset ETFs. The bill still requires approval by the upper house and is expected to take effect next year.

The proportion of bearish US stock investors has risen to 47.7%, approaching the year's high of 52%

According to the American Association of Individual Investors (AAII) Sentiment Survey data, the proportion of bearish investors has surged to 47.7% over the past week, approaching the year's high of 52% (March 18), well above the historical average of 31%.The AAII Sentiment Survey gauges the opinions of individual investors by asking them their views on market direction over the next six months and has been conducted continuously since 1987.

ZachXBT: External accusations and pressure have weakened its willingness to conduct public investigations.

On-chain investigator ZachXBT stated that most cryptocurrency Twitter users in the community hold him to “nearly impossible standards.” He explained that when he publishes investigations about manipulated tokens before insiders exit, he is accused of shorting; yet when he publishes such investigations after the fact, he is criticized for failing to speak out publicly before damage occurred. ZachXBT also noted that this kind of feedback has made him reluctant to regularly publish investigations publicly, as enduring the associated pressure is not worthwhile when he can continue his work privately. He added that many people do not conduct their own investigations but instead place the entire burden on him.

ZachXBT: Community Expectations Are Too High, May Reduce Public Release of Investigations

on-chain detective ZachXBT posted on X, stating that the crypto community's demands for his investigative work are often difficult to meet.ZachXBT said that when he publishes token manipulation investigations before insiders exit, he is accused of shorting the relevant projects, such as RAVE, M, and LAB. Conversely, when he reveals findings after an incident has occurred, he is criticized for failing to provide advance warnings.He indicated that constantly facing such criticism has gradually diminished his motivation to regularly publish investigative reports publicly, as he would rather continue his work privately than bear the pressure of public opinion. ZachXBT also criticized some community members for excessively relying on his investigation results instead of conducting their own research.

Delaware and New Jersey Move Forward with Legislation to Fully Ban Cryptocurrency ATMs

According to Cointelegraph, Delaware and New Jersey have advanced legislation to impose a comprehensive ban on cryptocurrency ATMs. Specifically, Delaware’s House Economic Development Committee has approved House Bill 441, which prohibits the ownership, installation, or operation of cryptocurrency ATMs and mandates the removal of such devices within 90 days after the bill takes effect; violations carry a maximum fine of $10,000.

Anthropic CEO 呼吁美加强前沿 AI 监管

Anthropic CEO Dario Amodei 发表文章呼吁美国对前沿 AI 模型实施强制性第三方测试和安全标准,认为透明度要求已不足以应对快速进步的 AI 技术。

Anthropic CEO: Governments Should Have the Power to Block New Model Deployment

Anthropic CEO Dario Amodei has stated that if new AI models pose specific risks, governments should have the authority to prevent their deployment. In a lengthy post on Wednesday, Amodei argued that AI models should undergo mandatory third-party testing to assess potential risks across multiple domains. He wrote that if an AI is deemed to pose "unacceptable risks," then "governments should have the power to block or constrain its deployment." This is one of Amodei's strongest statements to date advocating for stricter AI regulation. "I believe that, at least during this current exponential growth phase, the most appropriate analogy is cars, airplanes, or pharmaceuticals—technologies that are essential to the modern economy but can also lead to significant loss of life if poorly designed or misused," Amodei wrote. Anthropic has previously warned that its AI model, Mythos, possesses the ability to discover and exploit critical software vulnerabilities, leading the company to restrict access to a small number of partners. This week, Anthropic also released a new version that removes related cybersecurity attack capabilities. (Jinshi)