Crypto Regulation and Compliance Updates

The National Football League (NFL) requires prediction market platforms to cease offering contracts that are easily manipulated and emphasizes that these contracts lack randomness, which could constitute insider trading. The CFTC chair stated that it will respect each league’s views and that the regulatory landscape may change. Additionally, the NFL and MLB have adopted different strategies—adversarial and cooperative—when dealing with prediction markets, reflecting different perspectives among professional sports organizations regarding regulation.

Two US senators have introduced the Mined in America Act to promote domestic Bitcoin mining by creating a certification for facilities and phasing out foreign-made equipment. This seeks to enhance US manufacturing and codify a Strategic Bitcoin Reserve.

Anchorage Digital and Chainlink Labs jointly funded the "Blockchain Leadership Fund" with the goal of supporting candidates in the midterm elections who promote digital asset policy, and it will also conduct voter education. With the current U.S. crypto legislative process stalled, the relevant organizations are also campaigning for the 2026 election.

A short-seller report by Muddy Waters accuses SoFi’s management of inflating profits, taking bonuses, and claims that its $312 million borrowing was incorrectly recorded as loan sales, potentially leading to a restatement of financial data and shareholders facing a 15% dilution risk. The report says the accounting treatment does not align with the role described by JPMorgan.

Chainalysis reports that low-cost commercial drones have become a core tool in modern conflicts, and that Russian and Iranian organizations use cryptocurrency to fund drone procurement. Since 2022, pro-Russia groups have raised more than $8.3 million in donations, most of which were used in stablecoins. Iran’s Ministry of Defense has also accepted cryptocurrency payments for weapons.

Gibson Dunn law firm noted that although the joint guidance published by the SEC and CFTC has improved, it still does not fully address industry needs, especially regarding ambiguity in the Howey test and secondary market trading. The authors call on the crypto industry to provide feedback, urging the SEC to clearly define regulatory boundaries and avoid enforcement replacing regulation.

The U.S. Department of Labor proposed a rule to allow 401(k) plans to include alternative assets like cryptocurrencies and private equity, responding to President Trump's executive order. While the rule aims to diversify retirement investments, it faces criticism for potentially exposing workers to risky assets.

The Hong Kong government plans to include tokenized bonds in the regulated financial system in the 2026–2027 fiscal budget, build a digital asset platform, and drive Hong Kong to become a digital finance hub. The Monetary Authority is planning to issue stablecoin licenses and establish a strict regulatory framework, while also facing multiple challenges that require resolving blockchain interoperability and legal alignment issues.

U.S. Senator Richard Blumenthal questioned SEC Chair Paul Atkins, focusing on the brief tenure and the reasons for the departure of former law-enforcement agency head Margaret Ryan—especially in the context of the SEC dropping its allegations against Tron founder Justin Sun. Ryan’s term lasted only six months; she had tried to push forward investigations into fraud cases, but faced obstacles. The SEC’s regulatory direction under the current administration has drawn market attention.

March 30, U.S. prosecutors charged Jonathan Spalletta of Maryland, accusing him of repeatedly attacking the decentralized exchange Uranium Finance since 2021, involving $54 million. Spalletta faces computer fraud and money laundering charges, with a maximum total sentence of up to 30 years in prison. He allegedly profited illegally by manipulating transaction processes and used the proceeds to buy collectible items. Prosecutors emphasized that crypto assets are also protected by law.

The U.S. Commodity Futures Trading Commission will consider the views of the sports leagues to assess the risks of predictive market contracts. The National Football League (NFL) requires the platform to tighten trading rules to prevent contracts that could be manipulated from being listed, in order to protect the fairness of the games. The CFTC Chair said the league has unique expertise in identifying manipulation risks.

Over 40 Democrats urged the CFTC and ethics officials to clarify that insider trading laws apply to prediction markets, following suspicions of government officials profiting from leaked information. They seek guidance to prevent such trades amid ongoing regulatory scrutiny.

In brief ICE has invested another $600 million into Polymarket, fulfilling its commitment made in October. Rival Kalshi recently raised $1 billion at a $22 billion valuation, outpacing Polymarket's current valuation. Prediction markets face mounting regulatory pressure, with lawmakers

In brief California public officials are banned via executive order from using inside information to make money on prediction markets. The ban extends to state officials and appointees using information to help others from profiting, as well. The order follows continued scrutiny from

Canada’s bill C-25 proposes bans of crypto donations and similar methods due to traceability and identity verification concerns. Law applies to parties, candidates, and third parties, with strict penalties and enforcement measures. Shift follows rising transparency concerns, moving from r

《Digital Asset Market Clarity Act (CLARITY Act)》 focuses on stablecoin regulation. If it passes, it will have a major impact on DeFi protocols, especially by banning platforms from offering yield on stablecoins. This will cause returns to be re-concentrated in traditional financial institutions, shrinking the competitive space for crypto platforms. The report warns that multiple DeFi projects such as Uniswap and Aave may face stricter regulation, affecting trading volume and liquidity.

Peter Van Valkenburgh warns that without passing the CLARITY Act, future U.S. administrations may impose strict regulations on crypto. He emphasizes the need for statutory protections to prevent reliance on political climates, as current agreements stall in Congress.

The pro-XRP attorney John Deaton has concurred with recent remarks by Ripple CEO Brad Garlinghouse that the United States cannot afford another Gary Gensler experience. He was the former chair of the U.S. Securities and Exchange Commission (SEC). In a tweet explaining his opinion, Deaton insisted t

GoPlus Security reports that a type of malware called Infiniti Stealer carries out attacks against Mac users by impersonating a Cloudflare verification page, stealing crypto wallets and credentials. The malware bypasses security mechanisms by manually executing commands; it can steal browser data and developer keys and has the ability to evade detection.

A Singapore court ruled that threats should not be issued against Curve Finance contributor Wong and ordered two defendants to pay about 2,500 Singapore dollars in damages. The case stems from the 2025 Resupply exploit attack; users lost about $9.3 million, and Curve was not involved in this incident.