US CFTC Releases FAQ on Cryptocurrency Assets and Blockchain Business, Strengthens Regulatory Rule Consistency

Could bypassing FSC regulations to buy crypto with a card be possible? OdinTean rolls out Wallet Pro, a service to buy crypto with U.S. debit cards

OwlPay and Wallet Pro services launched by OdinTing use stablecoin technology to enable B2B cross-border payments, and they partner with international payments giants to showcase their expansion ambitions in the financial technology sector. Through offshore operations, OdinTing bypasses Taiwan’s regulatory restrictions, providing fast virtual-asset trading. Meanwhile, as it faces the newly promulgated Virtual Asset Services Act, it is expected to become a reference template for other foreign-funded enterprises entering the Taiwan market.

The U.S. Department of Justice launches the OneCoin victim compensation program, with more than $40 million in assets available for claims

The U.S. Department of Justice has initiated a restitution process for victims of the OneCoin crypto Ponzi scheme. Victims who were harmed between 2014 and 2019 may apply for restitution, and more than $40 million is currently available. The scheme was launched in 2014 and resulted in more than $4 billion in losses for 3.5 million victims worldwide.

Nigel Farage invests 2 million pounds in Bitcoin, becoming the UK’s first openly holding MP

Reform UK leader Nigel Farage bought Bitcoin with roughly £2 million, becoming the first sitting member of Parliament to publicly disclose an investment of this size. The move highlights his party’s support for cryptoassets and could spark debate about the impact on the UK’s crypto policy and potential conflicts of interest. Farage invested via Stack BTC, strengthening his dual political and financial endorsement.

U.S. banks question the White House’s stablecoin yield report, concerned about the risk of deposit outflows

U.S. banks are questioning a White House stablecoin yield report, arguing that it overlooks the impact of stablecoins on deposit outflows, which could lead to higher financing costs and reduced local lending. The two sides are currently negotiating an agreement on the Senate bill, and a ban on paying stablecoin interest is the focus of the dispute.

Banking industry questions the White House’s stablecoin report, allegations that the crisis of community bank deposit outflows was deliberately avoided

The American Bankers Association criticizes the White House’s research framework in its stablecoin report, saying it overlooks the risk of deposit outflows that could be triggered by prohibiting stablecoin yield. The White House report says the ban will have only a minimal impact on bank lending, increasing it by just $2.1 billion, but the ABA believes this issue’s framework fails to reflect the risks that would actually harm community banks and support the local economy. This dispute is also tied to the current cryptocurrency regulatory legislative efforts, shaping the future development of stablecoins and the competitive landscape for banks.

U.S. lawmakers push crypto tax policy reforms again, and the $200 small-amount tax exemption threshold is removed

U.S. House members recently introduced the “Protecting American Rights Through Interoperable Value and Yield” Act (PARITY Act), aiming to reform cryptocurrency tax policies, remove the $200 exemption threshold, and introduce wash sale rules, clearly distinguishing different types of trading activity. The bill’s legislative progress remains unclear, but it is expected to draw attention in future tax debates, and the industry is actively pushing to include the relevant provisions in new legislation.