The U.S. Department of Justice has announced that a key figure in a social engineering scam involving $263 million worth of Bitcoin has pleaded guilty. Evan Tangeman, a 22-year-old California resident, admitted in district court to participating in money laundering in violation of the Racketeer Influenced and Corrupt Organizations Act (RICO), involving more than $3.5 million. He is the ninth defendant to plead guilty in the case. The scam operated from October 2023 to May 2025, carried out by gang members distributed across various U.S. states and overseas. The group included hackers, organizers, target identifiers, telephone salespeople, and thieves who stole hardware wallets. Together, they stole approximately 4,100 Bitcoins, which were worth about $263 million at the time and are currently valued at around $371 million. The hackers breached websites to obtain cryptocurrency-related databases, target identifiers singled out high-value victims, and telephone salespeople induced victims to cooperate over the phone, making the entire scam operation highly sophisticated.

According to Jinse Finance, Hasu, Lido's strategic advisor and Flashbots' strategy director, commented on Vitalik's call to establish an on-chain gas futures market on the X platform. He stated that the market lacks natural short sellers: a large number of users are inherently exposed to gas costs (short) and wish to hedge, but almost no one in the market is willing to take the long side on gas, so liquidity may be insufficient, making it difficult to form a meaningful market size. In response, Vitalik suggested that the protocol itself could act as the market's short seller, that is, by auctioning future base fees on-chain.

The European Union has fined social media platform X 120 million euros for violating the Digital Services Act, involving issues such as blue check verification, advertising transparency, and data access. X has been given 60 days to provide a solution and 90 days to implement the necessary changes.

JPMorgan's latest analysis points out that although the US stablecoin market is expanding rapidly under the impetus of the GENIUS Act, its grand goal of "boosting demand for US short-term Treasuries" may fall far short of policymakers' expectations. Since the act was passed in July, the total supply of stablecoins has increased by over $50 billion, surpassing $300 billion in scale, but it is still far from the White House's previous target of $2-4 trillion by 2028–2030. JPMorgan's Head of US Short-Term Rate Strategy, Teresa Ho, stated that while stablecoins have strong growth momentum, it is "unrealistic" to expect them to grow to several trillion dollars within a few years. The bank expects that in the next few years, the stablecoin market size may reach about $700 billion, mainly limited by current laws prohibiting the issuance of interest-bearing stablecoins—a restriction that weakens the core driver of demand growth.

ChainCatcher news: According to The Bitcoin Historian, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins stated in a live interview with Fox News that the Bitcoin Market Structure Act is about to be passed.

The UK Parliament has passed the "Property (Digital Assets, etc.) Act," officially recognizing cryptocurrencies and stablecoins as personal property, marking a significant breakthrough for the legal status of digital assets in the UK. This week, the Act received Royal Assent from King Charles, making it officially effective and granting digital assets the same legal protection as traditional property, removing them from the legal gray area. The move has been widely welcomed by the industry. The Bitcoin Policy UK organization called the Act a "major step forward," while the industry body CryptoUK stated that by codifying previous case law into statutory law, Parliament has provided a clear legal basis for the ownership of digital assets. Previously, while common law had sporadically recognized digital tokens as property, there was a lack of uniform standards.

Gate News Bot news, December 2nd, according to CoinMarketCap data, as of the time of writing, PIPPIN (pippin) is currently priced at $0.22, with a rise of 55.39% in the last 24 hours, reaching a high of $0.22 and a low of $0.04. The current market capitalization is approximately $216 million, an increase of $77.1 million compared to yesterday. Pippin is a project dedicated to creating gentle miracles and intangible connections, with the philosophy of nurturing beauty through kind words. The project includes a token, a unicorn character named Pippin, and a technological framework built based on BabyAGI experiences. Pippin emphasizes that every small act of kindness can resonate more harmoniously between two worlds. Important news about PIPPIN recently: 1️⃣ **Large holders cashing out for profit**

PANews, December 2 news, according to CoinDesk, Travis Hill, acting chairman of the Federal Deposit Insurance Corporation (FDIC), will state at a congressional hearing that the FDIC will release its first draft of the GENIUS Act implementation concerning the federal regulatory application process for stablecoin issuance within this month, and plans to propose subsequent regulatory requirements for capital and liquidity early next year. Hill also mentioned that the FDIC is developing regulatory guidelines for tokenization of deposits.

Sony Bank is accelerating the layout of its encryption payment system, planning to issue a stablecoin pegged to the US dollar as early as fiscal year 2026, aimed at serving Sony's vast global ecosystem of games, streaming, and anime. According to Nikkei News, this stablecoin will allow users to directly pay for subscriptions and digital content fees on PlayStation and related platforms without relying on credit cards, further dropping Sony's payment costs on credit card networks. In order to successfully launch the product into the US market, Sony Bank applied for a US banking license in October this year and plans to establish a US branch to be responsible for issuance and compliance matters, while collaborating with the US stablecoin infrastructure company Bastion. Over 30% of Sony's revenue comes from the US, making US consumers a key group for the early promotion of stablecoins. This plan also benefits from the recently passed GENIUS Act.

Hester Peirce, a commissioner of the U.S. SEC, stated in a podcast that self-custody of encryption assets and financial privacy are fundamental human rights, emphasizing that people should have the right to manage their own assets. She criticized the practice of forced custody by third parties and mentioned the latency in the review of the CLARITY Act and its impact on self-custody. At the same time, some investors are turning to ETFs for tax and management convenience, which poses a challenge to the idea of "Wallet is Sovereignty."

The Suwon District Prosecutor's Office in South Korea announced on Thursday that two senior police officers and five civilians have been charged with involvement in a Money Laundering network related to Crypto Assets, which involves the conversion of proceeds from voice phishing scams. The indictment was submitted without detention and includes charges of violating the Act on the Aggravated Punishment of Specific Crimes and the Act on the Control of Concealment of Criminal Proceeds. The senior police officers who were indicted include the former police chief (Code A) and a former national police department official (Code B). The prosecution stated that the two received money and luxury goods from a manager of a crypto assets company in exchange for sensitive investigation information and business conveniences. The other five defendants include crypto assets company operator C and CEO D, who are charged with bribery and digital asset money laundering.

The Australian government proposed the "2025 Companies Act Amendment (Digital Asset Framework) Bill" on Wednesday, aimed at implementing comprehensive regulation for crypto asset exchanges and custody platforms. Treasurer Jim Chalmers and Financial Services Minister Daniel Mulino stated that the bill is expected to release about AU$24 billion in productivity rise each year, while imposing fines of millions of AU$ on companies that fail to adequately protect customer assets. The bill introduces two new financial products in the Companies Act: digital asset platforms and tokenized custody platforms. Digital asset platforms must hold customers' crypto assets and provide trading functions (transfers, buying and selling, staking, etc.); tokenized custody platforms handle real-world assets such as bonds, real estate, and commodities, and operators must hold the underlying assets and issue convertible tokens. All platforms must hold an Australian Financial Services License and comply with ASIC's custody and settlement standards to ensure asset security and trading compliance. Low-risk small operators may be exempted from full licensing requirements.

Odaily News Anchorage Digital announced a rewards program for holders of USDtb and USDe, with rewards distributed by an independent entity, Anchorage Digital Neo Ltd., to maintain compliance under the framework of the GENIUS Act, which prohibits interest payments on stablecoins; this structure is designed to allow institutions to operate within Anchorage.

The European Central Bank report indicates that stablecoins may pose risks to financial stability, especially when investors lose confidence in their redemption capabilities. Tether and Circle, as the largest holders of U.S. Treasury bonds, may trigger a bank run that could lead to the dumping of reserve assets, impacting the $25 trillion U.S. Treasury bond market. Despite pressure on the banking industry, the U.S. continues to support the stablecoin industry, with related regulations like the GENIUS Act aimed at reducing risks.

Gate News Bot news, on November 20, according to CoinMarketCap, as of the time of writing, NEAR (NEAR Protocol) is currently priced at $2.37, rising 8.18% in the last 24 hours, with a high of $2.61 and a low of $2.15. The 24-hour volume reached $476 million. The current market capitalization is approximately $3.041 billion, an increase of $230 million compared to yesterday. NEAR is a high-speed modular protocol designed for AI, aimed at enabling AI to act on behalf of users. On NEAR, AI interacts with users as a front end and executes intents, while the blockchain processes identity, trust, and data as a back end. NEAR's dynamic sharding system provides performance at a global scale, achieving final confirmation in 600 milliseconds, specifically designed for low latency, parallel execution, and supporting thousands of concurrent agents.

Gate News Bot news, on November 19, according to CoinMarketCap data, as of the time of writing, ACT (Acet) is currently priced at $0.02, with a rise of 1.47% in the last 24 hours, reaching a high of $0.03 and a low of $0.02. The current market capitalization is approximately $28.6 million, an increase of $413,000 compared to yesterday. ACT (Acet) is a brand new cryptocurrency that starts with an initial supply of 0 and is generated through smart contracts by those who wish to hold them. All holders should provide valuable assets at the time of contract creation to ensure that each created ACT (Acet) always has value. Holders of ACT (Acet) are those who oppose the old world financial system. They aspire to collaboratively create valuable assets for a decentralized new world financial system. It must be transparent, accurate, and verifiable. The

PANews, November 19 - According to reports from Wu Shuo, the Ethereum DAT project led by Li Lin, Shen Bo, Xiao Feng, and Cai Wensheng has been suspended, and approximately $200 million in funds that had been raised have been returned. The plan was originally intended to use a Nasdaq shell company structure to initially purchase about $1 billion in ETH, with funding including approximately $200 million from Avenir and about $500 million from Asian institutions. Industry insiders say the suspension may be related to the bear market following the "1011 incident" and the decline in stock prices of several DAT companies. Whether to restart is still uncertain, and related parties have stated that they will prioritize investor interests and continue to observe the market to act accordingly.

PANews, November 19 news, according to the announcement from the U.S. Department of Justice, California man Kunal Mehta admitted to participating in a Crypto Assets fraud ring and pleaded guilty to violating the RICO Act, assisting in Money Laundering of at least $25 million. The group used social engineering techniques to steal $263 million (now estimated at $385 million) worth of crypto assets across the U.S., spending it on luxury expenses such as sports cars, nightclubs, watches, bags, and private jets. Mehta utilized shell companies to purchase and hold LAMB, Rolls Royce, and other luxury cars for the gang to conceal the true identification of his underage accomplices.

Golden Finance reports that Grayscale announced its IPO listing details on the X platform. It is reported that the company's Class A common stock will be listed on the New York Stock Exchange under the ticker symbol "GRAY". Morgan Stanley, Bank of America Securities, Jefferies, and Cantor will act as the lead underwriters for the IPO issuance, with Wells Fargo Securities, Canaccord Genuity, Piper Sandler, Keefe, Bruyette & Woods, and Needham &.

PANews, November 13 news, according to Decrypt, on Wednesday, the Australian Federal Police warned that scammers are using Australia's national cybercrime reporting system ReportCyber to submit false reports using stolen personal information, and then impersonating Australian Federal Police officers to call victims and steal their digital assets. This eyewash is very deceptive, and criminals verify information in a reasonable manner and act quickly to create a sense of urgency. They illegally obtain email addresses, phone numbers, and other information, using the system's rules that allow third parties to report on their behalf to gain trust. Some victims received calls from "police," who informed them that they were involved in a digital asset data leak incident and received what appeared to be an official reference number. After seeing reports that matched those submitted by the scammers, they almost fell for it. Then, a second caller impersonated the platform and used the same number to induce a transfer, fortunately, the victim acted in time.

PANews November 12 News, according to reporter Eleanor Terrett, citing sources, said that John Boozman (Republican, Arkansas), Chairman of the U.S. Senate Agriculture Committee, stated in an interview with Bloomberg that his committee is planning to advance the markup of the Digital Asset Market Structure Act in early December. Boozman noted that due to the government shutdown, progress has been slightly delayed, but "the committee remains committed to completing the markup in early December."

Decentralized stablecoin protocol Lista DAO has expressed concern over the high borrowing rates for USDT and USD1 vaults at MEV Capital and Re7 Labs, urging both parties to act responsibly and communicate transparently. PancakeSwap also takes this matter seriously and is monitoring the situation.

According to ChainCatcher news and reported by Cointelegraph, the Canadian government has officially announced a regulatory plan for stablecoins in its 2025 federal budget, following the regulatory direction of the US GENIUS Act. According to the plan, stablecoin issuers must maintain sufficient reserves and establish a sound risk management system.

Gate News Bot news, on November 3rd, according to CoinMarketCap, as of the time of writing, NEAR (NEAR Protocol) is currently priced at $2.12, down 2.13% in the last 24 hours, with a high of $2.41 and a low of $2.04. The current market capitalization is approximately $2.709 billion, a decrease of about $59.0524 million compared to yesterday. NEAR Protocol is a modular high-speed protocol designed for AI, aimed at allowing AI to act, trade, coordinate, and develop on behalf of users. NEAR not only provides computing power but also serves as a backend for handling identity, trust, and data, while AI interacts with users and executes intents as the frontend. NEAR's dynamic sharding system achieves global-scale performance and finality within 600 milliseconds, specifically designed for low latency, parallel execution, and supporting thousands of concurrent users.

Gate News Bot news, on October 31, according to CoinMarketCap data, PIPPIN (pippin) is currently priced at $0.04, which is a rise of 104.19% in the last 24 hours, reaching a high of $0.05 and a low of $0.02. The current market capitalization is approximately $37.6 million, an increase of $1.92 million from yesterday. Pippin is a platform dedicated to creating gentle miracles and invisible connections, emphasizing that every small act of kindness can make the world more harmonious. The project has built its own technical framework based on BabyAGI experience and features the Pippin unicorn as its iconic image. The PIPPIN token powers its community, and the project also includes a dedicated store and a developer Discord community. Important news about PIPPIN recently: 1️⃣

Odaily News zCloak Network today announced that the multi-signature wallet system supporting the x402 protocol has officially launched. This system innovatively achieves seamless collaboration between AI agents and humans in on-chain asset operations, marking a milestone where AI can participate as a signatory in the asset transfer of the x402 protocol in real environments. In the zCloak.Money multi-signature platform, AI agents can act as independent signatories and autonomously initiate USDC payment requests based on the x402 protocol. After completing signatures that comply with the EIP-3009 specification on the server side, the related transactions will be pushed to the pending list of human collaborators with the identifier "x402". After manual review and completing the secondary signature, the payment process is completed. In the future, AI

Gate News Bot reported that on October 30, according to CoinMarketCap, NEAR (NEAR Protocol) is currently priced at 2.26 USD, rising 0.77% in the last 24 hours, with a high of 2.41 USD and a low of 2.19 USD. The 24-hour volume reached 228 million USD. The current market capitalization is approximately 2.893 billion USD, an increase of 22.21 million USD compared to yesterday. NEAR is a modular high-speed protocol designed for AI, aimed at enabling AI to act, trade, coordinate, and develop on behalf of users. NEAR is not only an infrastructure but also the foundation of a new type of internet, where AI serves users. The NEAR protocol offers global-scale performance through a dynamic sharding system, with final confirmation times of less than 600 milliseconds, specifically designed for low latency, parallel execution, and thousands.

On October 30, Jin10 reported that KAZUTAKA MAEDA, an economist at Meiji Yasuda Research Institute, stated that due to limited communication time with Japanese Prime Minister Sanae Takaichi, the Bank of Japan is certainly unlikely to make any policy adjustments this time. On the other hand, although Takaichi seems to oppose interest rate hikes, she is not absolutely against them. If communication between the Bank of Japan and Takaichi progresses smoothly, there is still a possibility of raising interest rates in December. Additionally, recent comments from U.S. Treasury Secretary Yellen regarding the Bank of Japan may also provide support for an interest rate hike.

Former President Trump criticized Fed Chairman Powell for being slow to act on interest rate cuts, arguing that the Fed's rate hikes due to concerns about future inflation could harm the economy. He expects the U.S. economy to achieve a 4% rise by 2026, although economists are cautious about its outlook. This reflects the tense relationship between Trump and the Fed.

David Sacks met with Republican and Democratic members on Capitol Hill to discuss Crypto Assets regulatory legislation, hoping to pass relevant bills this year to provide clarity in market structure, based on the "Genius Act."

Gate News Bot news, on October 23, according to CoinMarketCap data, as of the time of writing, NEAR (NEAR Protocol) is currently priced at $2.16, down 2.44% in the last 24 hours, with a high of $2.38 and a low of $2.07, and a 24-hour volume of $207 million. The current market capitalization is approximately $2.698 billion, which is a decrease of about $67.5619 million compared to yesterday. NEAR is a modular, high-speed protocol designed for AI, aimed at enabling AI to act, trade, coordinate, and develop on behalf of users. NEAR handles identity, trust, and data on the backend, while AI interacts with users and executes intentions on the frontend. NEAR provides everything developers need to build and expand AI-native systems, including AI protocols, computation, and infrastructure, supporting encrypted model execution, verifiable computation, and multi

Fed Governor Michael Barr is concerned that the newly passed GENIUS Act may allow stablecoins to use Bitcoin as reserves, which would threaten their stability. He acknowledges the advantages of stablecoins but points out that there are regulatory gaps currently. Although the act does not explicitly support using Bitcoin as reserves, its content could lead to this move.

PANews October 16 news, according to Synoptic reports, BlackRock will launch a money market fund compliant with the "Genius Act" on Thursday, aimed at simplifying the custody process of reserve assets for stablecoin issuers.

The CEO of Saudi Aramco warns that the world may face a shortage of oil due to a lack of new oil field exploration in the past decade and current low investment levels. Over the next fifteen years, shale oil production may stabilize or decline, with a projected global oil supply gap approaching 10 million barrels per day by 2040. Companies need to act early to ensure future supply.

Gate News Bot news, on October 16, according to CoinMarketCap data, NEAR (NEAR Protocol) is currently priced at $2.33, down 4.77% in the last 24 hours, with a high of $3.22 and a low of $1.75, and a 24-hour volume of $279 million. The current market capitalization is approximately $2.914 billion, a decrease of $146 million compared to yesterday. NEAR is a modular high-speed protocol designed for AI, aimed at allowing AI to act, trade, coordinate, and develop on behalf of users. NEAR serves as the blockchain backend handling identity, trust, and data, while AI interacts with users and executes intentions at the frontend. NEAR provides everything developers need to build and scale AI-native systems, including AI protocols, computation, and infrastructure, supporting encrypted model execution, verifiable computation, and multi-chain operation.

Odaily News Monad Foundation announced that this airdrop will distribute tokens to 5,500 members of the Monad community and nearly 225,000 members of the broader encryption community. Users should be wary of false airdrop claim sites, which may be scams attempting to steal your credentials. Additionally, airdrop claims will be open until November 3, and users can act cautiously without congested claims.

According to ChainCatcher news, Ethena Labs has disclosed that the USDtb smart contracts have been transferred to Anchorage Digital. This milestone localization initiative makes USDtb the first federally regulated stablecoin issued in compliance with the GENIUS Act.

PANews, October 14 - According to a report from The Block, TD Cowen analysts pointed out in a report released on Monday that U.S. senators are slow to act on the cryptocurrency market structure legislation, which may delay the passage of the bill until after the midterm elections. There are fundamental disagreements between the Republican and Democratic parties regarding the allocation of regulatory powers and restrictions on Decentralized Finance, making it difficult to determine the schedule for deliberation. The report noted that the clause proposed by the Democrats to prohibit government officials from holding Crypto Assets is a major obstacle, as it directly targets the controversy surrounding the Trump family's profits from projects like World Liberty Financial. Although procedural disputes do not constitute substantial obstacles, analysts believe that senators are more inclined to postpone the vote. The limited session of the Senate and the political considerations of the midterm elections further diminish the urgency of the legislation. TD Cowen analyst Jaret.

Gate News Bot news, on October 11, according to CoinMarketCap data, as of the time of writing, NEAR (NEAR Protocol) is currently priced at $2.53, falling 15.96% in the last 24 hours, with a high of $3.22 and a low of $1.75. The 24-hour volume reached $1.175 billion. The current market capitalization is approximately $3.157 billion, a decrease of about $599 million from yesterday. NEAR is a modular high-speed protocol designed for AI, aimed at enabling AI to act, trade, coordinate, and develop on behalf of users. As an infrastructure, NEAR supports the execution of cryptographic models, verifiable computation, and multi-chain operations. The platform simplifies the blockchain user experience, with the agent defining the outcomes, while NEAR handles cross-chain routing, signing, and execution in the background. NEAR's dynamic sharding system provides performance at a global scale, finalizing at

Jin10 data reported on October 10th, former Bank of Japan official Atsushi Takeuchi, who participated in past forex interventions, stated that if the yen sharply falls towards 160, Japan may intervene and warned that excessive depreciation could force Tokyo to act. Takeuchi mentioned that so far, the depreciation of the yen is still within a controllable range, but if the market begins to discuss the risk of the yen possibly falling further to 160 or even 170, alarm bells will start ringing. He stated, "If the yen depreciates to that extent, the authorities may also have to intervene." He added that while intervention will not change the overall trend, it can temporarily curb excessive fluctuations.

Vishnu Varathan of Mizuho Securities pointed out that although the likelihood of a rate hike by the Bank of Japan has weakened, a hawkish stance will still be maintained in the short term. Due to previous rate increases leading to a rise in long-term government bond yields, the Central Bank will act cautiously to avoid excessive economic tightening. Meanwhile, weak household confidence and policy divergence from the Fed may negatively impact the yen.

BlockBeats news, on October 9, according to Globenewswire, Bitcoin mining company IREN (NASDAQ: IREN) announced the pricing of $875 million in convertible preferred bonds, with a coupon interest rate of 0.00%, due in 2031. The issuance is conducted as a private sale to qualified institutional buyers under the revised Rule 144A of the Securities Act of 1933.

Citi Ventures has invested in the stablecoin startup BVNK, with the amount undisclosed. BVNK supports two-way settlement between fiat and encryption assets, with a valuation exceeding $750 million. The U.S. market is growing rapidly, driven by the GENIUS Act. Citi is also evaluating the issuance of its own stablecoin, with nearly $90 trillion in stablecoin trading volume and a total market capitalization exceeding $300 billion.

Jin10 data reported on October 9, local time on October 8, the Turkish Grand National Assembly unanimously passed a motion condemning Israel's attack on the humanitarian aid fleet heading to Gaza. The motion stated that the attack on the "Conscience" aid ship carrying 21 Turkish citizens was a "despicable act of violence," targeting not only Turkish citizens but also openly challenging the dignity of the Turkish parliament. It is reported that among these 21 Turkish citizens, there are 3 members of the Grand National Assembly. The motion issued a stern warning to Israel, demanding that no form of mistreatment be carried out against Turkish citizens and parliament members, and that the relevant individuals should be immediately released and allowed to return to Turkey.

Jin10 data, October 7 - Historically, this week has typically performed poorly for the U.S. Treasury market. Morgan Stanley strategists point out that if this trend reoccurs this year, investors should "let go" and buy the dips. Over the past 25 years, October has usually been the worst month for the U.S. Treasury market, with an average fall of 0.30%, and the declines are mainly concentrated in the first half of the month. Especially in the week leading up to Columbus Day (October 13 this year), U.S. Treasury yields tend to decline. Morgan Stanley believes that this pattern is partly due to the 10-year and 30-year Treasury auctions that usually take place during that week. This year's auctions are scheduled for October 8 and 9 and will not be delayed due to the federal government shutdown. The bank also noted that due to ample balance sheet space for traders at the beginning of the fourth quarter, it is easier to establish short positions. Morgan Stanley's interest rate strategy team stated that if this market situation reoccurs this year, investors should act decisively.

Jin10 reported on October 4th, U.S. President Trump stated on social media: "I thank Israel for temporarily stopping the bombing to allow hostages to be released and to give the peace agreement a chance to be implemented. Hamas must act quickly, or everything will be ruined. I will not tolerate delays - even though many believe this will happen - nor accept any outcome that allows Gaza to pose a threat again. Let's get this done as soon as possible. Everyone will be treated fairly!"

Republican members of the U.S. House of Representatives have questioned the automatic deletion of text messages from former SEC Chairman Gary Gensler during his tenure, believing this incident is related to the lawsuits against encryption companies, and also questioning whether Gensler violated the Federal Records Act.

The Thai military reported that on September 27, Cambodian soldiers fired at Thailand, and the Thai military retaliated. The military believes this act was a deliberate provocation by Cambodia, aimed at accusing Thailand of violating the ceasefire. There have been no reports of casualties so far, and Cambodia has not responded to this.

Bloomberg analyst Eric Balchunas pointed out that the iShares Bitcoin Premium ETF submitted by BlackRock is a Spot product under the 1933 Act, employing a covered bullish strategy aimed at generating returns from Bitcoin investments, while also serving as an extension of the Bitcoin ETF IBIT.

Golden Finance reported that Australia has released a draft legislation to regulate digital asset platforms, aiming to extend the Financial Services Act to crypto assets businesses to enhance consumer protection and provide clarity for the industry. Assistant Treasurer Daniel Mulino announced these reforms on Wednesday at the Australia Global Digital Asset Regulation Summit. He described the bill as the "cornerstone" of the digital asset roadmap released by the government in March and stated that it would align Australia with its international counterparts.