A South Korean CEX Will Face Sanctions Review Tomorrow, Fines Could Exceed 352 Billion Won

Ondo Finance submits a letter to the U.S. SEC requesting no enforcement action, concerning on-chain record-keeping of tokenized securities rights on the rights chain

Ondo Finance filed a request with the SEC on April 13, seeking confirmation that recording securities interests on the Ethereum mainnet in a tokenized form is compliant under certain patterns. Ondo believes that this on-chain recording can improve collateral monitoring, optimize processes, and simplify reconciliations, with the goal of operating in coordination with traditional finance.

Encourage innovation! U.S. judges ban Arizona state regulation of prediction markets, and halt the prosecution of Kalshi

A U.S. federal district court ruled that Arizona is barred from using its gambling laws to prosecute prediction market platform Kalshi, finding that the U.S. Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority over financial market regulation, and Kalshi insists that its business is a financial product rather than traditional gambling. Courts in different states have reached different decisions regarding prediction markets, and the Trump family has also expressed support for prediction markets.

The American Bankers Association criticizes the White House’s stablecoin report, saying it overlooks the core risks of interest-bearing stablecoins

The American Bankers Association criticized the stablecoin report released by the White House Council of Economic Advisers, saying its analysis was wrong. It emphasized that allowing stablecoins to pay interest would lead to local banks’ deposits flowing out and would tighten credit, countering the report’s claim about the effects of the proposed ban.

Can bypassing Financial Supervisory Commission regulations for buying crypto with credit cards be possible? OdenDing pushes a Wallet Pro crypto-purchase service with U.S. debit cards

OdinTing launches 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 a 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 bypasses Taiwan’s strict regulation and challenges the competitive landscape under the new draft law, which will in the future affect local players’ compliance strategies.

Circle CEO: Due to the “moral dilemma,” the Drift hacker incident, which was not frozen, resulted in the theft of USDC

Circle CEO Jeremy Allaire addressed criticism at a news conference regarding the previously unfrozen stolen USDC, emphasizing that the company will only freeze wallets under law enforcement instructions. In addition, he said Circle is in communication with U.S. lawmakers, hoping to establish a “safe harbor” mechanism for stablecoin issuers.

Hong Kong’s first batch of stablecoin issuers is out! Among 36 applicants, only 2 were granted licenses: HSBC and Tingdian Finance

The Hong Kong Monetary Authority has announced the first batch of stablecoin issuer licenses, approving Dingdian Financial Technology, led by HSBC Bank and Standard Chartered Bank. This regulatory framework is designed to protect users’ rights and interests, promote the application of compliant stablecoins, address financial pain points, and foster the development of Hong Kong’s digital assets.