Kalshi and Polymarket are gambling businesses exploiting regulatory gaps, with about 90% of Kalshi's fee revenue tied to sports betting and user age limits set three years below those of most legal casinos, a Bloomberg Opinion editorial said. The platforms present bets on sports, politics and other events as "event contracts" under the federal Commodity Exchange Act and register with the CFTC, instead of following state-level gambling regimes that bind operators like FanDuel and DraftKings. Bloomberg's editorial board highlights concerns including potential insider trading around a Polymarket contract tied to Iranian Supreme Leader Khamenei's loss of power, where trading volume related to the February 28 airstrike topped $500 million, as well as an 18+ entry age, margin trading plans and a partnership between Kalshi and Robinhood. The board calls on Congress to amend the CEA to clearly define event contracts, curb purely gambling-based and political markets, impose baseline consumer protections in line with the SAFE Betting Act and reassert broader oversight of nationwide prediction markets that could exceed $10 billion in monthly volume.

Eric Trump, cofounder of World Liberty Financial (WLFI), accused large U.S. banks of lobbying against higher-yield stablecoin products to protect a "low-rate monopoly," calling their stance "anti-American" in a recent post on X. He noted major banks pay depositors about 0.01–0.05% APY on standard savings accounts while receiving over 4% from the Federal Reserve, arguing the spread drives record profits instead of benefiting retail customers, and claimed groups such as the American Bankers Association are spending millions to curb 4–5% stablecoin yields via measures including the CLARITY Act. In parallel, President Donald Trump criticized banks for allegedly "undermining and threatening" the GENIUS Act and for holding the CLARITY Act "hostage," while urging a deal with the crypto industry. The CLARITY Act, which passed the House with bipartisan support in July 2025 and is now stalled in the Senate Banking Committee, seeks to delineate oversight between the SEC and CFTC, but the Senate version would tighten stablecoin rules, restrict interest paid on balances, expand SEC authority and DeFi oversight, and has drawn opposition from Coinbase amid missed White House deadlines for compromise on stablecoin yield rules.

President Trump said the United States should aim to become dominant in the cryptocurrency industry. He emphasized that U.S. policy should focus on ensuring the country takes a leading position in the broader crypto sector.

U.S. President Donald Trump said in a recent statement that he wants the United States to be "dominant" in the cryptocurrency sector. His comments followed a warning a day earlier that banks are undermining efforts to advance stablecoin legislation and that failing to pass the Clarity Act could drive crypto companies abroad. Trump also called on Congress to move swiftly to establish rules for crypto market structure.

US cryptocurrency bill negotiations have stalled after banks rejected a White House compromise that would allow stablecoin issuers to offer yield products in defined cases such as peer-to-peer payments while banning interest on idle holdings, Odaily Planet Daily reports. Crypto firms agreed to the framework, but banks are demanding tighter limits on which businesses can offer rewards, warning the terms could trigger deposit flight; Standard Chartered estimates stablecoins could draw roughly $500 billion in deposits from the US banking system by end-2028. Trump wrote on Truth Social he will not let the banking industry "undermine our strong crypto agenda," and industry participants including Coinbase, Ripple and the Blockchain Association joined talks, with Blockchain Association CEO Summer Mersinger saying the path to a viable deal is clearer than a month ago. The bill still requires backing from at least seven Democratic senators—some seeking a ban on elected officials profiting from crypto businesses and others pushing tougher anti-money-laundering rules—reconciliation with the Senate Agriculture Committee's version, and time on a crowded Senate calendar that also includes housing policy reforms; Adrian Wall of the Digital Sovereignty Alliance said that if the bill is not signed by the president by July, midterm elections will close the window for passage.

US negotiations on a cryptocurrency regulatory framework have stalled after banks rejected a White House compromise that would allow stablecoin issuers to offer yield products in limited cases such as peer-to-peer payments while banning returns on idle balances, Reuters reports. Crypto firms accepted the proposal, but banks are pushing for tighter restrictions, warning the measures could trigger deposit outflows, with Standard Chartered estimating stablecoins could drain about $500 billion in deposits from the US banking system by end-2028. Donald Trump wrote on Truth Social he would not allow banks to "undermine our strong crypto agenda," while industry participants including Coinbase, Ripple and the Blockchain Association have joined the talks, and Blockchain Association CEO Summer Mersinger said the path to a viable deal is clearer than a month ago. The bill still must secure backing from at least seven Democratic senators, reconcile with the Senate Agriculture Committee's version, address calls from some Democrats for a ban on elected officials profiting from crypto businesses and for tougher anti-money laundering rules, and compete with other priorities such as housing reforms, with Adrian Wall of the Digital Sovereignty Alliance saying that if it is not signed by July, the midterm elections will close the window for passage.

LeakBase, one of the internet's most active cybercrime forums with over 142,000 registered users and more than 215,000 posts, was dismantled in an international operation led by the FBI and Europol on March 3–4, the U.S. Department of Justice said. Authorities in 14 countries executed coordinated actions including warrants, arrests, and site seizures, replaced the platform with seizure banners, and collected user data, posts, and IP logs to support ongoing prosecutions. Officials said LeakBase functioned as a marketplace for stolen credentials, financial data, and other sensitive information, and noted that disrupting such hubs can reduce the pool of leaked data that criminals may use for social engineering, targeted phishing, and account takeovers across digital ecosystems including the crypto sector.

Kraken Financial received Federal Reserve approval for a master account, becoming the first cryptocurrency company with direct access to the Fed's core payment system and channels used by thousands of banks and credit unions, the Wall Street Journal reports. The account enables Kraken Financial to connect directly to Fedwire, which processes over $4 trillion in interbank transactions daily, eliminating its reliance on intermediary banks for fund transfers. The Federal Reserve Bank of Kansas City announced the approval on Wednesday following a review, granting limited master account access under Kraken Financial's Wyoming specialized bank charter for crypto companies, excluding services such as earning interest on reserves. Kraken Co-CEO Arjun Sethi said the decision will improve reliability and efficiency of fiat deposits and withdrawals to and from the digital asset market, while Bank Policy Institute Co-Head of Regulatory Affairs Paige Pidano Paridon criticized the move as lacking transparency in approval process and risk controls, and the WSJ noted Kraken completed a funding round at a $20 billion valuation last November and has filed IPO plans.

The U.S. Securities and Exchange Commission has submitted a regulatory proposal on how federal securities laws apply to digital assets to the Office of Information and Regulatory Affairs for review, according to Nate Geraci. The measure relies on the SEC's existing legal authority and includes consideration of a token classification system. The initiative proceeds without the Crypto Clarity Act and aims to clarify digital asset regulation in the United States.