March 29th Cryptocurrency Market News: MicroStrategy's founder gives a bullish signal, analysts focus on Saudi production cuts, High points out that Bitcoin may have already bottomed. U.S. stocks may be approaching a short-term bottom, Canada plans to ban cryptocurrency political donations. The market needs to reset in order to start a new bull market.

The Canadian government has introduced the “Strong and Free Elections Act,” planning to ban political donations in forms such as cryptocurrency because they may create risks to election integrity. At the same time, the UK Labour Party has also paused accepting cryptocurrency donations until the regulatory framework is improved.

Gate News reports that on March 29, the Canadian government introduced the "Strengthening Democracy Act" (Bill C-25) on March 26, which aims to prohibit political donations to parties and candidates in the form of cryptocurrencies, money orders, and prepaid cards. The government stated that such assets have pseudo-anonymity, making it difficult to verify the identity of donors, which poses risks to electoral integrity. The bill is currently in the first reading stage in the House of Commons. Previously, the UK also announced a suspension of accepting political donations in cryptocurrency.

Gate News reports that on March 27, according to sources, Anthropic received a court order successfully blocking the Trump administration's ban on the use of its AI tools.

BlockBeats News, March 27 — Sources reveal that Anthropic has obtained a court order blocking the Trump administration's ban on the use of its AI tools.

BlockBeats News, March 26 — According to Cointelegraph, U.S. lawmakers recently proposed a bill aimed at banning members of Congress, the President, and other senior government officials from participating in prediction market competitions. The proposal, jointly sponsored by U.S. Representatives Adrian Smith and Nikki Budzinski, was introduced on Tuesday and is called the "Preventing Real-time Exploitation and Deceptive Insider Congressional Trading Act" (PREDICT Act).

U.S. lawmakers have introduced the PREDICT Act, which prohibits the President and senior officials from participating in prediction market trading, aiming to combat insider trading for profit. Violators will face fines and forfeiture of profits. At the same time, regulatory agencies are tightening their scrutiny of prediction markets, and several states have filed lawsuits against related platforms, resulting in stricter compliance requirements for the industry.

The Bank of Korea is recruiting 10 new employees, with some positions requiring 5 years of experience in the cryptocurrency industry, to research the impact of digital assets. This recruitment is synchronized with the restart of the CBDC plan, with a goal of distributing 25% of government subsidies in digital won before 2030, and lifting the ban on cryptocurrencies.

BlockBeats News: On March 26, UK Prime Minister Starmer stated that the UK will implement a moratorium on political parties accepting cryptocurrency donations, citing risks of illicit finance and foreign interference, while comprehensively tightening regulations on political donations. Previously, Nathan Gill, former Wales leader of the UK Reform Party, was sentenced to 10 and a half years for accepting cryptocurrency bribes.

BlockBeats News: On March 25, the UK Labour Party announced it will implement a "temporary ban" to suspend political groups from accepting cryptocurrency donations until relevant regulatory frameworks are improved, in response to risks of foreign interference in elections. The measure is seen as potentially directly impacting the Reform Party's funding sources. Previously, the party led by Nigel Farage received substantial donations from cryptocurrency industry figures. The UK government stated that this move aims to enhance political funding transparency and public trust, while the relevant ban will be retroactively applied to cryptocurrency donations effective immediately.