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On July 22, Pennsylvania State Representative Tarik Khan introduced HB 2711, co-sponsored by 24 bipartisan legislators (20 Democrats and 4 Republicans), which has been submitted to the House Consumer Protection, Technology, and Utilities Committee. The bill aims to prohibit the provision of prediction market services to Pennsylvania residents while engaging in gambling activities in the regular business of liquidity providers or market makers, extending the restrictions to parent companies, subsidiaries, affiliates, and joint ventures, and prohibits prediction platforms from sharing revenue with gambling companies.This move could impact sports betting groups like DraftKings (which has acquired CFTC-registered Railbird Technologies and launched its own DKeX exchange) and Flutter, which are entering the prediction market-making field. The bill also sets a minimum age limit of 21, prohibits contracts involving high school sports, events with minor participation, and death markets, and requires platforms to establish anti-fraud and insider information abuse protection mechanisms.The bill does not establish a licensing system, and enforcement authority is granted to the state Attorney General. Previously, the Third Circuit Court of Appeals ruled 2:1 in April that the federal Commodity Exchange Act takes precedence over state gambling laws, but Pennsylvania has joined a coalition of 40 states advocating for sports contracts to be subject to state-level regulation.

The European Union has further tightened restrictions on cryptocurrency assets related to Belarus, prohibiting Belarusian citizens and residents from owning, controlling, or managing cryptocurrency service providers regulated by the Markets in Crypto-Assets Regulation (MiCA). According to the Council Decision (CFSP) 2026/1847 passed by the EU Council, this measure is an extension of the EU's sanctions framework against Belarus's involvement in the Russia-Ukraine conflict.The new regulations will officially take effect on July 24, with the expanded restrictions on the cryptocurrency industry set to be implemented from August 25. According to MiCA, the affected services include operating cryptocurrency trading platforms, cryptocurrency exchanges, executing and transmitting customer orders, cryptocurrency issuance services, asset transfer services, investment consulting, and portfolio management.This restriction comes as the MiCA transition period ends on July 1. The EU had previously required unauthorized cryptocurrency businesses to cease related operations, or face regulatory enforcement. The EU stated that this expansion of restrictions is part of its efforts to combat the use of cryptocurrency platforms to evade sanctions against Russia. Previously, in the 21st round of sanctions against Russia, the EU had expanded the trading ban to 14 cryptocurrency-related service platforms outside the EU and established a mechanism to prohibit future transactions with any foreign cryptocurrency service providers identified as helping Russia evade sanctions. Market participants noted that as the MiCA regulatory framework is fully implemented, the EU is further strengthening its regulatory control over the cryptocurrency industry through licensing systems and sanction mechanisms.

According to The Block, the new version of the cryptocurrency ethics clause signed by President Trump has been approved, explicitly prohibiting federal officials (including members of Congress, the President, and the Vice President) from issuing digital assets, with the Department of Justice serving as the primary enforcement agency rather than state attorneys general. This arrangement has sparked controversy among Democrats. Maryland Democratic Senator Angela Alsobrooks stated that "having the Department of Justice enforce the ethics clause is not a serious proposal," and she will not support the bill if the final text remains as such.This clause is the last obstacle to the passage of the Clarity Act, with the controversy focusing on Trump's own meme coin and his family company World Liberty Financial—last month's financial report revealed that Trump received millions of dollars in related income from WLF. The White House has not confirmed the specific wording of the clause but stated that it is working with lawmakers to push the bill through and will place the blame for any obstruction on the Democrats.

According to the latest official announcement from the Chrome Web Store, the platform will officially implement the updated Developer Program Policy starting August 1, 2026. This update clearly delineates boundaries for regulated goods and services, listing "prediction markets" as a prohibited product category, strictly prohibiting any extensions from offering, facilitating, or supporting real-money trading based on prediction results.In addition, the new regulations further tighten data privacy and AI safety standards. The policy requires that user data collected by extensions must be strictly and exclusively used for the single purpose disclosed; if there is a change in data processing methods, users must be proactively notified. At the same time, extensions designed to circumvent AI-driven service safety protections, usage restrictions, and other protective mechanisms are explicitly prohibited. After August 1, if any extensions are found to be non-compliant with the above policies, the Chrome Web Store will take enforcement actions.

On the evening of June 22, the U.S. Senate passed the "21st Century Housing Road Act" with an overwhelming vote of 85-5. The bill has now been sent to the House of Representatives, where it is expected to pass quickly and be signed into law by President Trump. The central bank digital currency (CBDC) ban has become a key additional clause in the bill, which will prohibit the Federal Reserve from issuing central bank digital currencies (CBDC) or any substantially similar digital assets before the end of 2030, even if issued indirectly through financial institutions. The bill also explicitly exempts private stablecoins (such as USDC, USDT).

According to The Block, leaders of the U.S. Senate and House of Representatives jointly released an updated version of the "21st Century Housing Road Act," confirming that the two chambers have reached a bipartisan agreement. The core content of the bill focuses on housing affordability reform, including expanding housing supply and limiting market monopolies by corporate landlords. Notably, an additional clause in the bill explicitly prohibits the Federal Reserve from issuing or creating CBDCs and any "substantially similar" digital assets before December 31, 2030, a clause driven by House Republicans. The Trump administration has consistently held this position, with Treasury Secretary Mnuchin previously stating that CBDCs are "not under consideration." The bill will first undergo procedural voting in the Senate and is expected to be submitted to the House for review after Congress reconvenes, and then sent to the President for signing.

According to Bloomberg, informed sources say that underwriters for SpaceX's approximately $75 billion initial public offering (IPO) have been told not to accept subscription orders from investors in mainland China and Hong Kong, due to U.S. restrictions on the export of critical technologies. The lead underwriter for the transaction has further notified other banks in the underwriting syndicate that clients from mainland China and Hong Kong, including private banking clients, are not allowed to participate in placing orders.The report states that this move is primarily due to regulatory and compliance risk considerations, and the related arrangements have not been publicly disclosed.

The General Office of the State Council has released guiding opinions on strengthening regulation, preventing risks, and promoting the high-quality development of private equity investment funds. The opinions mention adhering to goal-oriented and problem-oriented approaches, addressing issues such as the need to improve the access mechanism for the private equity fund industry, inadequate regulation, incomplete systems, insufficient coordination and cooperation among ministries, central and local governments, the failure to implement the responsibilities of some government investment funds and state-owned enterprise investment fund contributors, and the use of some private equity funds as tools for illegal activities, new forms of corruption, and hidden corruption. A system and long-term mechanism for strengthening regulation and preventing risks will be established to promote the development of the industry in a standardized manner and enhance it during development.Uphold functional positioning, coordinate the overall layout, optimize increments, revitalize existing resources, support the excellent and limit the inferior, improve quality and efficiency, and strictly prohibit private equity funds from engaging in illegal activities such as lending and disguised debt. Adhere to classified regulation, implementing "one policy for one category" regulation based on different dimensions such as contributor entities and product types. Insist on regulating both legal and illegal entities, with strict regulation for legal institutions, resolute prohibition of illegal institutions, and severe crackdowns on illegal activities.Promote the revision of the Securities Investment Fund Law. Push for the issuance of judicial documents related to criminal cases involving private equity funds. Formulate regulations for the supervision of private equity fund managers, information disclosure, fundraising, and mandatory custody rules. Introduce standardized arrangements for private equity fund betting agreements. Fully establish a regulatory system for private equity funds that is primarily based on administrative regulation and supplemented by self-regulation.

Cointelegraph posted on the X platform that the governor of South Carolina has signed Bill S.163. The bill protects the self-custody rights of Bitcoin, prohibits discriminatory taxes on Bitcoin, and safeguards the rights of proof-of-work mining in the state.

According to Bits.media, the Central Bank of Russia aims to prohibit Russian citizens from trading on cryptocurrency exchanges that comply with international sanctions. Ekaterina Lozgacheva, head of the Central Bank's Strategic Development Department, stated that the Central Bank plans to ban Russians from trading on foreign cryptocurrency exchanges that adhere to international sanctions. Russians can only trade cryptocurrencies on foreign platforms through Russian brokers, provided that these foreign platforms do not comply with international sanctions.The country's central bank will establish its own standards for foreign platforms that Russian brokers and investors can use. Lozgacheva noted that even trading cryptocurrencies abroad through Russian intermediaries is subject to foreign regulation, posing additional risks. The annual purchase limit for non-professional investors is set at 300,000 rubles, and they can only access the most liquid cryptocurrency assets through domestic brokers. A test must be completed before trading, and qualified investors are not subject to the limit but must also undergo testing. Relevant restrictions will be included in the second reading version of the draft "Digital Currency and Digital Rights Law," with key provisions expected to take effect on July 1.

According to Times Brasil, the decision-making committee of the administrative sanctions procedure under the Central Bank of Brazil imposed a fine of approximately $3.15 million on Banco Topázio and prohibited it from conducting over-the-counter foreign exchange business for virtual asset trading for the next two years.Regulators stated that Banco Topázio had deficiencies in customer qualification review, customer registration, and anti-money laundering and counter-terrorism financing controls while handling approximately $1.7 billion in related business from October 2020 to September 2021, and failed to report unusual transactions to Coaf. Officials from the Central Bank of Brazil indicated that similar restrictions may also apply to other institutions involved in cryptocurrency business in the future.

Crypto journalist Eleanor Terrett revealed that U.S. Senator Jack Reed submitted an amendment before the stablecoin bill review this Thursday, aiming to explicitly prohibit cryptocurrencies from being used as legal tender, including banning the payment of taxes with crypto assets.Senator Elizabeth Warren also submitted over 40 amendments, one of which aims to prevent the Federal Reserve from issuing master accounts to cryptocurrency companies. Another amendment jointly submitted by Senators Reed and Smith seeks to include restrictions on banks regarding stablecoin yields in the bill.

On May 12, the U.S. Senate Banking Committee released the latest 309-page draft of the CLARITY Act, but Section 404 of the draft stipulates that it prohibits rewards "solely for holding" stablecoins.Specifically, no regulated entity may directly or indirectly pay any form of interest or yield (whether cash, tokens, or other consideration) to a restricted payee solely because the restricted payee holds its stablecoins, or pay stablecoin balance rewards in a manner economically or functionally equivalent to paying interest or yield on bank deposits.However, the latest draft also stipulates that rewards and incentives for stablecoins based on real activities or transactions are allowed, such as rewards linked to actual transactions, payments, platform activities, liquidity provision, etc.

According to market news, the Central Bank of Brazil issued Resolution No. 561, prohibiting the use of virtual assets for settlement in regulated eFX international payment and transfer services.The new regulation requires that payments or receipts between eFX service providers and foreign counterparties must be completed through foreign exchange transactions or non-resident Brazilian real accounts. This restriction also applies to eFX service providers that have not yet been approved but are in a transitional period. The rule does not completely ban cryptocurrency transfers in Brazil, but rather excludes virtual assets and stablecoins from regulated eFX channels.

According to CCTV News, the Office of the Foreign Investment Security Review Mechanism has legally made a decision to prohibit the foreign acquisition of the Manus project, requiring the parties involved to withdraw the acquisition transaction. Manus was initially developed by the Chinese company Butterfly Effect and became an overnight sensation after its release in March 2025. In June of the same year, it moved its headquarters to Singapore and ceased domestic operations, and in December 2025, it was announced by the American company Meta that it would acquire it for approximately $2 billion.Zhou Mi, a researcher at the Ministry of Commerce's Academy, stated that Manus moved the project to Singapore through funding and corporate transfer before selling it to an American company, which raises suspicions of intentionally evading regulation. If such practices are not controlled, more companies will follow suit, harming national development interests and security.Zhou Mi emphasized that China has consistently maintained an open attitude towards foreign investment but takes a cautious stance on sensitive investments involving key technologies and data security, stating that "evading regulation in a malicious manner will ultimately not achieve the intended purpose."

According to Cointelegraph, the Canadian House of Commons has passed the second reading of Bill C-25, which aims to prohibit political parties and candidates from accepting cryptocurrency political donations.The bill is part of electoral law reform, aimed at enhancing transparency, strengthening enforcement, and reducing the risk of foreign interference. It will subsequently enter committee review and may still be amended, with no fixed review date currently available. Meanwhile, Canada is advancing a regulatory framework for stablecoins and improving rules related to cryptocurrency investment funds, custody, and cold storage.

According to Jinshi reports, the Office of the Foreign Investment Security Review Mechanism (National Development and Reform Commission) has made a decision to prohibit investment in the foreign acquisition of the Manus project in accordance with laws and regulations, requiring the parties involved to withdraw from the acquisition transaction.

The People's Bank of China and seven other departments jointly issued the "Management Measures for Online Marketing of Financial Products," which will be implemented starting September 30, 2026, to systematically regulate online marketing activities for financial products. The measures specify that only approved financial institutions and their self-operated platforms, as well as entrusted third-party internet platforms, may engage in online marketing of financial products, prohibiting the provision of online marketing services for illegal financial activities such as illegal fundraising, virtual currency issuance and trading, and illegal foreign exchange margin trading.The measures put forward detailed requirements regarding the authenticity of marketing content, risk disclosure, algorithm recommendations, pop-up advertisements, account naming, trademark usage, cooperation models, and the protection of data and personal information, and clarify the regulatory responsibilities and penalties for financial management departments, internet information, telecommunications, and market supervision departments.

According to the WSJ, just hours after President Trump suddenly announced a suspension of attacks on Iran last month, the White House warned staff not to abuse their power to place bets in prediction markets at the right moment. According to informed sources, the Office of Management and Budget issued this warning on March 23.Earlier that day, Trump announced the decision to suspend airstrikes via Truth Social. About 15 minutes before the sudden policy shift, there was a wave of mysterious trading activity in the futures market, with Dow Jones market data showing that contracts worth over $760 million in oil futures changed hands in less than two minutes.Recently, three accounts on the Polymarket platform profited over $600,000 by accurately predicting the timing of this week's ceasefire in Iran. Critics of Trump, including many Democrats, immediately inferred that someone had profited from having advance knowledge of the policy shift.The White House confirmed the authenticity of this warning, with Trump's spokesperson Engel stating, "The only special interest that can guide President Trump's decision-making is the best interest of the American people."