The White House supports the Digital Asset Market Transparency Act

SEC Clarification: A crypto wallet interface is not the same as a brokerage firm; DeFi frontends may be exempt from registration

The U.S. Securities and Exchange Commission (SEC) has issued new guidance stating that software that provides crypto-asset trading interfaces may be exempt from registering as a broker as long as users exercise full control over their assets throughout and meet certain conditions. This guidance provides legal clarity for DeFi front-end interfaces and helps clarify the regulatory status of crypto assets.

Gate Daily Report (April 14): The SEC releases regulatory guidance on self-custody wallet exemptions; Ondo submits a five-action letter regarding OGM tokenized equities

Bitcoin has recently rebounded strongly, with the price reaching $74,330. The U.S. Securities and Exchange Commission (SEC) has issued regulatory guidance for custody wallets of crypto securities, allowing operations in certain circumstances. Ondo Finance also submitted a request for a no-action letter to the SEC regarding tokenized equity. Market developments show that whale holdings have increased, with other coin contract trading activity remaining active. U.S. stock performance is optimistic, influenced by corporate earnings reports. Investors are taking a wait-and-see stance on Bitcoin, and market sentiment is relatively stable.

Is it possible to bypass Financial Supervisory Commission (FSC) rules for buying crypto with card payments? O’DinDin promotes Wallet Pro, a service for buying crypto with a U.S. card payment

Odin Ding has launched the OwlPay and Wallet Pro services, focusing on B2B cross-border payments. By combining stablecoin technology with international financial systems, it showcases its fintech transformation. Through its partnership with MoneyGram, Wallet Pro enables cross-border transfers for cash purchases of stablecoins and operates in the U.S. market. The company’s offshore model avoids Taiwan’s strict regulation, and under the new draft legislation, it challenges the market competitive landscape; in the future, it will affect local operators’ compliance strategies.

Encourage innovation! A U.S. judge in France bans Arizona’s regulation of prediction markets and pauses the prosecution against Kalshi.

A U.S. federal district court ruled that Arizona is prohibited from using its gambling laws to prosecute the prediction market platform Kalshi, concluding that the Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority in regulating financial markets, and Kalshi maintains that its business is a financial product rather than traditional gambling. Decisions on prediction markets differ across states, and the Trump family has also expressed support for prediction markets.

Can bypassing Taiwan Financial Supervisory Commission (FSC) regulations to buy crypto with a credit card be feasible? Oding Oding launches a U.S. debit card crypto purchase service, Wallet Pro

OdinTin launches OwlPay and Wallet Pro services, focusing on B2B cross-border payments. By combining stablecoin technology with international financial systems, it demonstrates its fintech transformation. Through its partnership with MoneyGram, Wallet Pro enables cross-border transfers of stablecoins purchased with cash and operates in the U.S. market. The company’s offshore model sidesteps Taiwan’s strict regulation, and under the new draft law it will challenge the competitive landscape, which in the future will affect local providers’ compliance strategies.

Fastest—Effective Next Year! Japan’s Cabinet Passes an Amendment: Classifies Cryptocurrency as “Financial Products” and Strengthens Regulation

The Japanese government passed amendments to the Financial Instruments and Exchange Act, for the first time classifying cryptocurrencies as “financial products,” implementing regulation and banning insider trading. Issuers are required to disclose information annually. If the amendments are approved, they are expected to take effect in 2027. In addition, penalties will be increased: the maximum prison term for selling tokens without registration rises to 10 years, and the fine cap increases to 10 million yen.