The US Senate is poised to vote on comprehensive crypto regulation in April, with the Banking Committee restarting formal proceedings after months of delays. Senator Bill Hagerty confirmed the April timeline, signaling progress after previous legislative stagnation. The proposed framework aims to clarify regulatory authority between the SEC and CFTC, potentially shifting oversight of crypto markets towards the CFTC. However, disagreements remain, particularly regarding stablecoin regulation, with a draft proposal potentially prohibiting yield offerings on stablecoins, sparking industry concern. Simultaneously, the Bank Policy Institute (BPI) is considering legal action against the OCC over expanded licensing for crypto and fintech firms, arguing it undermines consumer safeguards and financial stability. Concerns also surfaced regarding potential involvement of North Korean developers in multiple DeFi projects, including Floki, SushiSwap, and others. SoFi launched 'Big Business Banking', integrating fiat and crypto services, while geopolitical tensions impacted markets, with Bitcoin briefly tapping $69K amidst rising oil prices following a statement from Donald Trump.
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