policies

According to CoinDesk, major lobbying organizations in the U.S. cryptocurrency industry jointly sent a letter to the House Ways and Means Committee, urging the advancement of the "Tax Clarity for Mining and Staking Act," advocating for tax treatment options for cryptocurrency miners and staking income recipients. The bill was introduced by Republican Congressman Mike Carey, and its core content allows taxpayers to choose the timing of taxation when they receive new mining or staking assets—either paying taxes at the time the assets are generated or deferring taxes until the final sale.Industry associations, including the Blockchain Association, Digital Chamber, and Crypto Council for Innovation, have expressed support, arguing that the current tax system may force users participating in network security maintenance to bear tax burdens before they have realized the assets. Supporters claim that the proposal does not provide "indefinite deferral," but rather avoids immediate taxation on income that has not yet realized liquidity, thereby alleviating cash flow pressure on miners and validators.However, Democratic lawmakers and some external critics are concerned that this mechanism could be exploited by large mining companies for long-term tax deferral, especially in the context of some publicly listed or politically connected companies participating in mining operations, raising potential policy arbitrage disputes. Meanwhile, the industry's focus remains on the broader "Digital Asset Market Structure Act" (Clarity Act), but tax issues have become the second key battleground, expected to continue advancing in tandem with regulatory framework legislation in the coming weeks.

According to Jinshi, multiple institutions have significant disagreements regarding the future policy direction of the Federal Reserve. Goldman Sachs believes that if inflation does not cool down, the Federal Reserve may raise interest rates in September or in the fall, while Huatai Securities expects rates to remain unchanged in September, with the probability of a rate hike by the end of the year close to 50%. Regarding rate cuts, Nordea Bank believes that cuts may be delayed until 2027, while Citigroup expects cuts in 2026. Other institutions such as JPMorgan Chase and CITIC Securities tend to favor maintaining the current policy.

According to Jinshi reports, Federal Reserve Chairman Waller stated that among the 19 people, no one believes that tightening policy is necessary today.

According to an official statement from the U.S. SEC, Jamie Selway, the Director of the Division of Trading and Markets at the Securities and Exchange Commission (SEC), stated at the Piper Sandler Global Exchanges and Fintech Conference that Chairman Paul Atkins has instructed the division to advance the framework for the listing and trading of security tokens, with the guiding principle of "promoting innovation without creating regulatory arbitrage."

LayerZero Labs released a report on the KelpDAO attack incident, confirming that the KelpDAO rsETH cross-chain bridge built on its cross-chain communication protocol was attacked, resulting in the theft of approximately 116,500 rsETH (about $292 million). Several security agencies, including Mandiant, CrowdStrike, and independent researchers, attributed the attack to the North Korean-related hacker group TraderTraitor (UNC4899).The report indicates that the attack began on March 6, 2026, when the attackers used social engineering techniques to compromise a LayerZero developer account, obtain session keys, and infiltrate the RPC cloud environment, further contaminating internal RPC node data and manipulating return results to deceive monitoring systems and the decentralized verification network (DVN).LayerZero Labs officially announced that it will adjust its security strategy, including no longer allowing its DVN to act as the sole signer in a single validation configuration, while also rebuilding the affected cloud infrastructure and introducing short-term credentials, instant permission upgrades, and multi-party approval mechanisms to enhance security.

According to a joint article by several executives in the French cryptocurrency industry, the current tax policy on stablecoins is severely outdated. Under current regulations, converting stablecoins to fiat currency and withdrawing to a bank account incurs taxes, forcing a large amount of crypto assets to remain outside the traditional financial system, which is expected to result in a tax loss of 1 billion to 3 billion euros annually.The article calls for the French government to make targeted adjustments to the "2027 Budget Bill" within the next six months, as AI agents are increasingly adopting stablecoins for payments. It suggests following the practices of other countries by defining the conversion of stablecoins to fiat currency as a "tax-free withdrawal." Industry experts warn that if this critical six-month window is missed, France may miss out on significant industrial benefits brought by the integration of AI and cryptocurrency payments.

According to Jinshi reports, Brad Conger, the Chief Investment Officer of Hirtle & Co., stated that a small-scale dispute broke out within the FOMC today, with dissenters leaning towards a tightening policy stance, which sets the direction for the "struggle" for the incoming chair. The bond market has been pricing in this scenario for several weeks, and Conger believes that, based on strong growth in private consumption and business investment, the hawks will have the upper hand in this contest.

As the 2026 midterm elections in the United States approach, a new cryptocurrency political action committee (PAC) — Blockchain Leadership Fund (BLF) was officially launched on March 30, 2026. The fund was initiated by members of The Digital Chamber to support candidates promoting digital asset and blockchain-friendly policies across federal, state, and local elections.As a hybrid PAC, it can both make direct contributions to candidates and fund independent political advocacy efforts. Early supporters include Anchorage Digital and Chainlink Labs. The cryptocurrency industry is intensifying its efforts to influence the legislative process for digital assets in the U.S., especially during this critical period of discussions around regulatory frameworks like the Digital Asset Market Clear Act.Meanwhile, the well-known crypto super PAC Fairshake (supported by Coinbase, Ripple, and Andreessen Horowitz) faced setbacks in the Illinois primary in March 2026. Despite the PAC's strong performance since 2023, having raised $260 million during the 2023-2024 election cycle, supporting 33 winners in 35 primaries, and continuously accumulating $193 million by the end of 2025.However, its recent investment of nearly $20 million in the Illinois primary yielded poor results, with over $10 million spent opposing Democratic Senate candidate Juliana Stratton and nearly $2.5 million opposing Congressman La Shawn Ford, ultimately resulting in failure for both.

According to Jinshi reports, Federal Reserve Vice Chairman Jefferson stated that the current policy stance should continue to support the labor market and help bring inflation back down.

According to a report by WSJ cited by Jinshi, U.S. President Trump plans to appoint several business giants to a technology committee, including Meta Platforms CEO Mark Zuckerberg, Oracle founder Larry Ellison, and NVIDIA CEO Jensen Huang. These members will provide opinions on artificial intelligence policies and other topics.According to White House officials, the President's Council of Advisors on Science and Technology (PCAST) will be co-chaired by the White House's AI and cryptocurrency advisor Sax and technology advisor Michael Kratsios.Officials stated that Trump plans to appoint the first 13 members from the industry on Wednesday, including Google co-founder Sergey Brin. According to an executive order, the committee could ultimately include 24 members.

According to market news, the Brazilian Minister of Finance revealed that the cryptocurrency tax policy is planned to be postponed until after the presidential election in October 2026 to make a decision.

According to Jinshi reports, Federal Reserve Chairman Powell stated that he does not wish to adopt overly tight policies due to the downside risks in the labor market.

QCP Capital released a market analysis stating that BTC's current price remains around $74,000, oscillating within a recent range with insufficient upward momentum.Although the overall cryptocurrency market is under pressure, the decline is relatively controllable compared to the pullback of other macro-sensitive risk assets. On-chain data shows that there is still buying behavior at lower levels, but spot trading volume is low, and recent price movements are mainly influenced by macro factors.On the macro level, this week is the most important central bank policy week of the year. The Federal Reserve will announce the results of the March interest rate meeting on Wednesday, while the European Central Bank, Bank of Japan, and Bank of England will successively release their decisions on Thursday. Due to high oil prices, the market has significantly lowered interest rate cut expectations, and the interest rate environment's support for crypto assets is weakening.At the same time, geopolitical risks persist, and oil prices remain around $100 per barrel, with the market overall maintaining stagflation expectations. QCP Capital points out that BTC currently does not exhibit pure high-beta risk asset characteristics, nor has it formed a stable inflow of safe-haven funds. Before the policy path and geopolitical situation become clearer, the range-bound oscillation pattern may continue.

According to Jinshi reports, KBC Bank analysts stated in a report that the bank expects the European Central Bank to raise interest rates at next week's policy meeting or in April.Analysts pointed out that if there is no unexpected ceasefire this weekend, the European Central Bank will face oil prices at $100 per barrel and difficult policy choices when it meets next Thursday. LSEG data shows that the money market expects the European Central Bank to keep interest rates unchanged in March and to factor in an interest rate hike of about 7.5 basis points for April.

According to the latest documents disclosed by the UK Electoral Commission, Thames-based investor Christopher Harborne has provided further donation support to the Reform Party. Harborne is estimated to hold about 12% of the shares in Tether, the world's largest stablecoin issuer. The disclosed documents show that following a £9 million donation made public last year, Harborne donated an additional £3 million in November.Under the leadership of Nigel Farage, the Reform Party has made digital assets a core part of its economic agenda, promising to make the UK a "primary hub" for digital assets and proposing to reduce the capital gains tax on cryptocurrencies from the current rate of about 18% to 10%. The Reform Party became the first UK political party to accept donations in digital assets in 2025, allowing supporters to donate using cryptocurrencies like Bitcoin. This move has raised concerns among some MPs; in January, the chairs of seven parliamentary committees urged the government to ban political donations in cryptocurrencies, arguing that digital assets could obscure the source of funds and pose a risk of foreign interference in the electoral system.

According to Jinshi, Federal Reserve official Kashkari stated that the U.S. economy does not need restrictive policies.

According to Jinshi reports, Federal Reserve Governor Barr stated that it is a prudent move for the Federal Reserve to take time to observe data before adjusting policy again.

The X platform account of FTX founder Sam Bankman-Fried (SBF) has recently been posting continuously, stating that former President Trump is correct on cryptocurrency issues, while Biden has messed up cryptocurrency. It is reported that this series of posts was made a few days after the release of former Alameda Research CEO Caroline Ellison.In addition, SBF praised Trump's initiatives on issues outside of cryptocurrency, while claiming, "All the world leaders I have met are fed up with Biden; he chose Gary Gensler as the chairman of the SEC." According to data from the cryptocurrency prediction platform Polymarket, traders currently believe there is a 17% chance that Trump will pardon SBF before 2027.

According to Jinshi reports, Federal Reserve Chairman Powell stated that there are countless possibilities for inflation and employment, which will prompt the Federal Reserve to adopt a combination approach for policy adjustments.

According to Jinshi reports, Federal Reserve Chairman Powell stated that a normalized policy stance should help stabilize the labor market.