Gate News message, April 7, a16z crypto data and fund strategy lead Daren Matsuoka posted on X that stablecoin trading volume has continued to grow for 10 straight quarters, and the growth accelerated after the “GENIUS Act” (the U.S. stablecoin regulatory bill) was introduced.

F2Pool co-founder Wang Chunzi said on X that a Bitcoin protocol upgrade should not be like an “omnibus bill” from American politicians, opposing BIP-110 and BIP-54. He noted that timestamp attacks offer miners no significant benefits, and that block validation efficiency has improved substantially; today, only the “repeated transaction” issue is worth fixing.

Cambodia’s National Assembly unanimously passed a new law to crack down on cyber scams that use crypto assets, with a maximum penalty of life imprisonment. The bill will be reviewed by the Senate and approved by the King. The core leaders of scam syndicates face severe penalties; analysis suggests this may only shift the crimes, and that coordinated efforts are needed to target corruption and money-laundering networks as well.

The People Power Party of South Korea has introduced a new bill, calling for the repeal of the cryptocurrency trading tax that is set to take effect in 2027, aiming to win support from younger voters and affect the value of votes. Analysts believe it may simply be a political strategy, and the actual impact is unclear; in the future, the bill could be postponed or amended again.

The Russian government has submitted a bill to impose the maximum 2,000,000 ruble fines and up to 5 years in prison for illegal cryptocurrency mining. Of the roughly 50,000 miners nationwide, only 1,500 have registered; the ban has been expanded to 13 regions, and the prohibition will remain in effect until 2031.

On April 2, Paul Grewal, the Chief Legal Officer of a certain CEX, said in an interview that the debate over stablecoin yield in the United States’ soon-to-be released “CLEAR Act” is nearing an agreement. He emphasized that although there are disagreements, all parties recognize that other elements of the bill are just as important, and he is optimistic about the bill’s prospects. Grewal opposed conflating the issue of stablecoin yield with challenges facing the banking industry. The CEX and its CEO previously opposed a proposal to limit stablecoin rewards, saying it would harm innovation and consumers’ interests.

Gate News update: On April 2, crypto reporter Eleanor Terrett disclosed that the text of the U.S. stablecoin yield bill will not be released as scheduled later this week. The delay is due to concerns among the relevant parties that an early release of the bill text would give opponents an opportunity to delay the bill before it is considered in the Senate.

Gate News update: On April 1, the Arizona Digital Asset Reserve Bill is approaching the final voting stage. The bill would allow the state to hold the seized BTC and XRP instead of auctioning them off.

Recently, discussion around the XRP market has heated up, mainly due to the actions of institutional investors and expectations of regulation under the CLARITY Act. If the bill passes, it would strengthen market confidence and attract institutional capital, but price volatility would still be influenced by supply and demand and the broader economic environment. The community’s views on XRP’s prospects vary, so investors need to pay attention to long-term trends and fundamental analysis.

Former White House communications director Anthony Scaramucci pointed out that the CLARITY Act is running into obstacles, which could leave the 2026 crypto market facing long-term uncertainty. The bill is being blocked mainly due to political factors and resource depletion; in the short term, the regulatory framework will be difficult to implement, affecting market structure. However, he remains optimistic about Bitcoin’s long-term outlook and believes its Future still has upside potential.