The U.S. Securities and Exchange Commission submitted commission-level interpretive guidance to the White House on March 3 on how federal securities laws could apply to certain crypto assets and related transactions. The document, now in a prerule interagency review stage, is expected to outline a token taxonomy that would clarify which assets fall under SEC oversight, while the CFTC separately advanced a measure on prediction markets following remarks by its chair about forthcoming rulemaking.

White House digital asset advisor Patrick Witt publicly rejected JPMorgan CEO Jamie Dimon's recent claim that paying yield on stablecoins should automatically trigger bank-style regulation. Witt argued that the real regulatory concern is lending or rehypothecating the dollars behind those balances, stressing that the GENIUS Act explicitly bans such practices for payment stablecoin issuers. Ongoing disputes over how to treat stablecoin rewards have been tied to delays in wider U.S. digital asset market structure legislation, including the CLARITY Act.

On Tuesday, Ark Invest led by Cathie Wood purchased about $4.09 million in Coinbase shares and roughly $12.06 million in Robinhood shares through its ETFs. The trades came as both COIN and HOOD declined alongside broader U.S. equity indices amid heightened geopolitical tensions.

Bitwise Chief Investment Officer Matt Hougan argued that the U.S. military strikes on Iran announced on a Sunday morning pushed crypto and onchain finance into a central role for global price discovery. He wrote that traditional markets were largely closed while crypto venues, tokenized gold, and prediction markets saw surging activity. Hougan now believes professional traders and institutions effectively have no choice but to adopt onchain finance tools.

U.S. spot bitcoin exchange-traded funds recorded about $458 million in net inflows on Monday, with BlackRock's IBIT alone attracting more than half of that total. Analysts said large investors are treating the latest pullback and ongoing geopolitical instability as an attractive entry point and increasingly see bitcoin as a maturing diversifier asset, while related Ethereum and Solana products also drew fresh capital.

SBI Holdings and Startale Group have introduced JPYSC, a Japanese yen-pegged stablecoin whose issuance will be handled by SBI Shinsei Trust Bank and distribution supported by SBI VC Trade. The stablecoin, described as Japan's first trust bank-backed model, targets institutional, cross-border and onchain use cases, with a launch planned for the second quarter of this year pending regulatory approval.

U.S. spot bitcoin ETFs saw $506.5 million in net inflows on Wednesday, with BlackRock's IBIT alone drawing $297.4 million and no funds recording outflows. One analyst said the renewed demand points to stabilizing institutional sentiment and a cautious return to accumulation, while bitcoin and ether prices climbed alongside positive flows in Ethereum, XRP, and Solana ETFs.

Indiana's House Bill 1042, focused on the regulation and investment of cryptocurrency, has cleared both legislative chambers and is now awaiting the governor's decision. The measure would require certain state-run retirement and savings plans to offer at least one crypto option through self-directed brokerage accounts, while also limiting public agencies from restricting lawful digital asset use or imposing special taxes on such transactions.

Canaan agreed to acquire Cipher Mining's 49% interest across three West Texas bitcoin projects, the company said Monday in a press release. The deal was funded by issuing 806,439,900 Class A shares, equal to 53,762,660 ADS at $0.7394 per ADS, for approximately $39.75 million and a six‑month lock‑up. The ABC sites have 120 MW and around 4.4 EH/s.