Fed Governor Notes Fading Crypto Euphoria; Chinese Exchanges Tighten Rules; Senators Query UAE Stake in WLFI

SEC Chair Gensler: Missed the Opportunity for Effective Cryptocurrency Regulation, Now Working Hard to Fill the Gap

The Chair of the U.S. Securities and Exchange Commission (SEC), Atkinson, criticized the enforcement approach during former Chair Gensler's tenure, believing it hindered regulatory innovation in cryptocurrency and caused the U.S. to lose its competitive edge. Atkinson emphasized that a cryptocurrency working group will be established in the future to advance the regulatory framework for tokenized assets, and the first tokenized treasury bond money market fund has been approved. Additionally, he plans to expand into tokenized bank deposits in an effort to restore America's leadership in global crypto finance.

Cryptocurrency payments enter the UK online gambling market; FCA's 2027 comprehensive framework will determine the fate

The UK Gambling Commission is exploring the possibility of allowing cryptocurrency payments to enhance consumer protection and reduce the risk of players turning to illegal platforms. Tim Miller pointed out that compliant platforms accepting cryptocurrencies can keep players within a regulated environment. This policy requires authorization from the UK Financial Conduct Authority (FCA), which plans to implement a new regulatory framework in October 2027, with all related services required to adhere to the new regulations.

CLARITY Bill Stablecoin Yield Negotiation Stalls, Banking Sector Pressures Senate to Halt

The U.S. CLARITY Act gained bipartisan support in the House of Representatives but stalled in the Senate, failing to meet the review and voting schedule. The main debate centers on the definition of stablecoin yield payments, with the banking industry supporting strict restrictions, while crypto companies strongly oppose. Four core issues remain unresolved, and the bill may be delayed due to the impact of the 2026 elections.

What signals did the US SEC send behind the new 2% discount regulation for stablecoins?

The U.S. Securities and Exchange Commission (SEC) announced on February 19 that broker-dealers can apply a 2% discount when calculating net capital for payment stablecoins. This move helps integrate stablecoins into the mainstream financial system. The change stems from the GENIUS Act, which sets clearer regulations for stablecoin issuance. This policy not only reduces costs for broker-dealers but also promotes the acceptance of digital assets, paving the way for the future development of financial services.

Chicago Fed President Austan Goolsbee has Forecasted More Rate Cuts

Austan Goolsbee predicts rate cuts for 2026, emphasizing caution to avoid economic issues. Concurrently, the crypto market shows a slight recovery, while Gold and Silver maintain strong performance amidst ongoing uncertainties.

Ripple CEO on Crypto: 'I Have So Much Optimism for 2026' - U.Today

Ripple CEO Brad Garlinghouse expressed optimism for the future of crypto during his speech at the XRP Australia 2026 hackathon, highlighting the collective efforts of advocates worldwide. JP Morgan forecasts a potential boost in the crypto market by late 2026, driven by regulatory clarity from the Clarity Act.