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According to CoinDesk, as the competition for tokenization in the capital markets heats up, the Securities Transfer Association (STA) recently submitted a letter of opinion to the U.S. Securities and Exchange Commission (SEC), warning that stock tokens issued by third-party organizations may undermine market integrity and calling on regulators to prioritize support for tokenized securities authorized by publicly listed companies in future rule-making.The STA represents several Wall Street transfer agents, whose members believe that true tokenized stocks should be formally authorized by the issuing company and recorded in the official shareholder register, rather than created as "packaged" token products by independent platforms.The association pointed out that third-party stock tokens may confuse investors about the actual rights they hold and expose them to risks related to platform credit, custody, and operations, without establishing a direct legal relationship with the publicly listed company. Therefore, any innovative exemptions, pilot projects, or permanent regulatory frameworks for tokenized securities should prioritize the issuer-supported model.The STA also urged the SEC to reform the existing Direct Registration System (DRS), arguing that the current U.S. securities custody system is inadequate to meet the real-time transfer and settlement needs of on-chain securities, and suggested that regulators collaborate with the Depository Trust & Clearing Corporation (DTCC) to optimize the digital securities infrastructure.Currently, the global market for tokenized stocks, valued at approximately $2 billion, is primarily dominated by third-party models, including products launched by Ondo Finance and Kraken, while organizations like Securitize and Figure adopt the issuer authorization model.

According to Jinshi reports, the International Financial Association pointed out that the Federal Reserve is becoming more hawkish, and with the resurgence of oil price fluctuations, this may tighten U.S. dollar liquidity and raise the risk threshold for emerging markets.

The China Payment and Clearing Association has issued a warning to prevent cross-border gambling scams involving virtual currency, aimed at helping the general public enhance their awareness of fraud prevention and their ability to recognize scams.The China Payment and Clearing Association reminds that cross-border gambling results in "ten bets, ten losses." Participating in gambling through virtual currency is more concealed and risky. Engaging in gambling and providing funding for gambling activities is illegal and against regulations. Do not participate in virtual currency gambling transactions, and maintain the bottom line of financial security.

According to Cryptonomist, the prediction market platform Kalshi recorded a trading volume of $5.1 billion in the first week of the 2026 FIFA World Cup, setting a historical high for the platform. In May, Kalshi's monthly trading volume had already approached $18 billion, setting a historical record at that time. Kalshi also announced an official partnership with the Argentine Football Association (AFA) during the World Cup, with Messi promoting the platform on social media.

According to The Block, the Blockchain Association sent a letter on Tuesday to U.S. Senate Majority Leader John Thune and Democratic Leader Charles Schumer, expressing strong support for the Clarity Act. The letter was signed by 160 former national security and law enforcement officials, emphasizing that the market structure for digital assets is a priority for law enforcement and national security.The letter states that the Clarity Act expands law enforcement and financial crime prevention capabilities within the digital asset ecosystem, including key anti-illegal finance and law enforcement provisions, such as expanding the Bank Secrecy Act and sanctions obligations, and establishing a Treasury-led law enforcement agency and private sector information-sharing mechanism. The Blockchain Association emphasizes that these are not measures to relax regulation, but rather tools to enhance law enforcement. The bill has passed the Senate Banking Committee and is currently awaiting a vote by the full Senate. The Blockchain Association also plans to hold a virtual town hall on Thursday to discuss the bill.

Crypto journalist Eleanor Terrett disclosed on the X platform that since last Friday, members of the American Bankers Association have sent over 8,000 letters to Senate offices urging lawmakers to amend the stablecoin revenue compromise proposal. Sources say this does not include additional phone lobbying activities.

According to The Block, Rob Nichols, the CEO of the American Bankers Association (ABA), sent a letter to bank executives on Sunday evening urging them to contact senators to further tighten the provisions related to stablecoin rewards before the Senate Banking Committee's markup vote on Thursday.Nichols warned that the current draft fails to effectively prevent crypto companies from offering "interest-like rewards" to users, which could lead to significant outflows of bank deposits, threatening economic growth and financial stability.The current draft, negotiated by Senators Angela Alsobrooks and Thom Tillis, prohibits paying interest or returns to users holding stablecoins but allows rewards linked to real activities or transactions, a provision that has received support from Coinbase. The banking industry groups believe that the related exceptions contain loopholes that could be exploited and jointly sent a letter on May 8 to Committee Chairman Tim Scott and Democrat Elizabeth Warren, requesting technical revisions to the wording of the provisions.

According to Cointelegraph, the Tennessee Bankers Association in the United States has selected Stablecore as its preferred digital asset technology provider, offering infrastructure for products such as stablecoins, tokenized deposits, and crypto asset-backed loans to approximately 175 member banks, without the need for banks to build their own systems.Stablecore develops backend infrastructure that allows banks to issue and manage tokenized assets while handling compliance and integration with core banking systems. This collaboration reflects the trend of traditional financial institutions integrating crypto services through third-party providers.

According to Blockchain for Europe, the European Blockchain Association, in collaboration with Dr. Ulrich Bindseil, former Director General of Market Infrastructure and Payments at the European Central Bank, and Erwin Voloder, Director of Research and Strategy at the Association, jointly released a report titled "Reforming MiCA to Support Euro Stablecoins."The report recognizes the significance of MiCA as a milestone regulatory framework, but also points out that some of its design choices may place Europe in the unfavorable range of the regulatory "Laffer curve"—excessively stringent requirements could weaken the EU's market competitiveness and drive related businesses outside the EU.The report proposes a series of targeted and pragmatic reform suggestions aimed at fostering a more competitive, resilient, and globally influential euro stablecoin ecosystem under MiCA, and calls on policymakers, industry participants, and various stakeholders to actively engage in discussions to jointly promote the continuous improvement of the MiCA framework.

According to an article in the American Bankers Association (ABA) Journal, experts including the ABA's chief economist point out that the recent research report by the White House Council of Economic Advisers (CEA) on the issuance of yield from payment stablecoins raises the wrong questions and may mislead policymakers.The CEA report mainly explores "how prohibiting the issuance of yield from payment stablecoins will affect bank lending," concluding that banning yields would only increase bank lending by about $1.2 billion, with minimal impact.However, the ABA believes that the real policy concern is not the consequences of "prohibition," but the risks that may arise from "allowing" the issuance of yield from payment stablecoins: accelerating deposit outflows, allowing yields to stimulate households and businesses to move funds from bank deposits (especially community banks) to stablecoins, which would have a significant impact when the market size expands to $1-2 trillion. ABA analysis shows that loans in Iowa alone could decrease by $4.4 billion to $8.7 billion as a result.Impact on community banks: Deposit outflows will force community banks to replace funding with higher-cost wholesale financing (such as Federal Home Loan Bank advances), raising their funding costs and thereby reducing loans to local households and small businesses. It is not a harmless "reshuffling": The CEA believes that deposits are merely "reshuffled" within the banking system, with overall impact being minimal.However, the ABA points out that deposits flowing from community banks to a few large institutions or stablecoin reserve accounts will harm sectors that rely on relationship-based bank lending. The ABA believes that prohibiting the issuance of yield from payment stablecoins is a prudent protective measure that allows stablecoins to mature as a tool for payment innovation rather than becoming a source of economic risk that substitutes for insured deposits.

The Blockchain Association submitted a letter to the U.S. Securities and Exchange Commission (SEC) in response to Citadel's previous call for increased regulation of DeFi.The Blockchain Association stated that DeFi protocol developers do not fall under the category of brokers or exchange operators and should not be included in the regulatory framework designed for traditional financial intermediaries. The organization also urged the SEC to advance an "innovation exemption" mechanism to provide regulatory pilot space for on-chain assets and tokenized securities, pointing out that the comprehensive rule-making process is lengthy, which may delay the implementation of technology and lead to innovation outflow. Previously, Citadel had suggested that the SEC strengthen regulation of DeFi through formal legislative processes.

BTCC Exchange announced a strategic partnership with the Argentine Football Association (AFA), officially becoming the regional partner of the Argentine national team. This cooperation will cover the entire cycle of the 2026 FIFA World Cup.BTCC stated that through this partnership, it will deepen its global layout, improve the trading ecosystem, and strengthen user trust, while launching a series of activities for users, including signed jersey giveaways and trading competitions. Founded in 2011, BTCC is one of the oldest cryptocurrency exchanges in the world.

According to Jinshi reports, the China Internet Finance Association has warned that while the OpenClaw intelligent system can enhance work efficiency, its default high system permissions and weak security configurations can easily be exploited by attackers, becoming a breakthrough point for stealing sensitive data or illegally manipulating transactions, posing severe risk challenges to the industry.The China Internet Finance Association advises financial consumers to be extremely cautious when installing OpenClaw on terminals for online banking, securities trading, payments, and other personal financial services. If installation is necessary, it is recommended not to grant operational permissions to financial service systems, to promptly follow up on OpenClaw vulnerability fixes, to strictly control the installation of functional plugins, and not to input sensitive information such as ID numbers, bank card numbers, and payment passwords when not in use. Additionally, such applications continuously call large model interfaces during operation, which may incur high Token costs, so users are advised to pay close attention.

A super political action committee in the cryptocurrency industry named Fellowship PAC made a high-profile announcement last September that it would raise $100 million for the 2026 U.S. midterm elections, with reports suggesting a possible connection to Tether. However, as of the latest disclosure documents from the Federal Election Commission, the committee has a reported balance of zero and has not actually raised or spent any funds. A Tether spokesperson stated this week that Tether International has no affiliation or oversight relationship with Fellowship.

According to a report by Hong Kong media Orange News, the President of the Hong Kong Securities and Futures Professionals Association, Chen Zhi-hua, disclosed that the Hong Kong virtual asset industry is facing a sudden "compliance storm." Practitioners in related businesses have reported encountering bewildering regulatory requirements during the application process for virtual asset-related business qualifications. The existing written policy requires an additional 5 hours of Continuing Professional Training (CPT).However, the latest requirements were not issued through formal written documents or public guidelines, but were communicated "quietly" to license upgrade applicants in the form of verbal notifications or individual emails, stating that all responsible officers (RO) for relevant license upgrades, including those who have already obtained upgrade qualifications, must pass a virtual asset regulation exam conducted by a designated single institution. This nearly "invisible" directive undermines the transparency and fairness that regulatory agencies should uphold.Chen Zhi-hua suggested maintaining the original requirement of an additional 5 hours of Continuing Professional Training (CPT) and urged regulatory agencies to immediately suspend the enforcement of exam requirements through invisible policies.

The American Bankers Association (ABA) is urging the Office of the Comptroller of the Currency (OCC) to slow down the approval of national bank charters for digital asset companies.The banking industry's lobbying group stated that the OCC needs to ensure that its regulatory and bankruptcy framework can address the risks posed by cryptocurrency and stablecoin companies, and is calling for all parties to exercise patience.

The American Bankers Association (ABA) issued a statement regarding the cryptocurrency industry meeting held at the White House that day. The meeting aimed to advance the legislative process related to cryptocurrency market infrastructure and invited representatives from cryptocurrency companies and traditional banking to participate together.In the statement, the ABA thanked the Trump administration for facilitating this "constructive dialogue" and noted that the meeting acknowledged the traditional banking industry's concerns regarding digital asset legislation. However, the ABA also emphasized that any related legislation must support local credit supply aimed at households and small businesses to maintain the safety and soundness of the financial system.Additionally, the ABA called on congressional senators to close regulatory loopholes that might allow cryptocurrency companies to pay consumers interest or returns on stablecoins, viewing this issue as one of the core differences between traditional banking and the cryptocurrency industry. The banking sector is concerned that such arrangements could exacerbate deposit outflows or force banks to raise deposit rates to compete. Reports indicate that the White House is expected to continue pushing for follow-up consultations to seek a compromise between supporting digital asset innovation and maintaining the traditional financial system.

According to market news, the American Bankers Association has listed "preventing stablecoins from generating yields" as its top lobbying goal for 2026. The association believes that interest-bearing stablecoins could become an alternative to bank deposits, potentially leading to the outflow of trillions of dollars from the traditional banking system, thereby weakening banks' lending capabilities and jeopardizing their core role in the financial system.In response, Circle CEO Jeremy Allaire countered at the Davos Forum that concerns about stablecoin yields affecting bank deposits are "completely absurd," pointing out that yields can enhance user stickiness and that in the future, stablecoins will become a necessary payment system for AI agents to conduct large-scale transactions. Opponents argue that this move aims to protect bank interests, restrict financial technology innovation, and put the dollar at a disadvantage in the competition with China's digital yuan.

The American Bankers Association (ABA) has stated that it will prioritize "curbing interest/yield/reward on payment stablecoins" as a key policy issue in 2026, reflecting concerns about stablecoins becoming alternatives to bank deposits.Bank of America CEO Moynihan warned earlier this month that if the U.S. Congress does not limit interest-bearing stablecoins, up to $6 trillion in deposits could shift away from banks, a figure that represents about 30% to 35% of total deposits in U.S. commercial banks.Moynihan noted that the structure of stablecoins is similar to that of money market mutual funds, which hold reserves in short-term instruments (such as U.S. Treasury securities) rather than being used for bank loans like traditional banks. In this model, funds are detached from the traditional banking system, leading to a shrinking deposit base that banks rely on to support loans to households and businesses.