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According to the official website of the U.S. Congress, the full text of the U.S. House of Representatives' "American Reserve Modernization Act" (H.R.8957, ARMA) has been made public. This bill was introduced on May 21 by Alaska Congressman Nicholas Begich and has now been referred to the House Financial Services Committee for review.The main content of the bill includes: incorporating Bitcoin obtained by the government through criminal or civil forfeiture into a strategic Bitcoin reserve managed by the Treasury Department, establishing a minimum holding period of 20 years during which it cannot be sold or disposed of; establishing a quarterly reserve verification mechanism and introducing independent third-party audits; allowing states to voluntarily hold their Bitcoin in independent accounts at the Federal Reserve.In terms of forward-looking provisions, the bill requires the Treasury Department and the Department of Commerce to jointly study feasible paths for increasing Bitcoin holdings in a budget-neutral manner within 180 days, including converting non-Bitcoin digital assets, forfeiture proceeds, voluntary donations, tax or tariff revenues, and utilizing mechanisms related to the Federal Reserve or gold certificates.Analysts point out that compared to the previous "BITCOIN Act," which called for the purchase of 1 million Bitcoins, ARMA is more moderate and politically feasible, but still leaves room for future federal increases in Bitcoin holdings.

According to Bloomberg, the U.S. House Ways and Means Committee is preparing legislation to establish a cryptocurrency tax structure, which could be released as early as Friday, followed by a hearing early next week. Committee Chairman Jason Smith will prioritize the development of a digital asset tax framework, with the Treasury Department also involved in the process.The committee is expected to release seven bills addressing when tokens obtained through mining or staking will be taxed, exempting certain stablecoin transactions from capital gains tax, equal tax treatment for digital assets and securities (including charitable donations), allowing foreign investors to trade U.S. securities without being taxed as domestic entities, and expanding wash sale rules to digital assets.

According to The Block, U.S. House Representatives Nick Begich and Jared Golden have proposed the "American Reserve Modernization Act of 2026," which aims to establish a U.S. strategic Bitcoin reserve and create an independent digital asset reserve for non-Bitcoin assets.The bill stipulates that the Bitcoin included in the reserve must be locked for at least 20 years, during which it cannot be sold, exchanged, auctioned, or otherwise disposed of. Unlike the previously proposed "BITCOIN Act," which aimed to purchase 1 million Bitcoins within 5 years, ARMA does not set a specific purchase target but instead requires the Treasury and Commerce Departments to study ways to increase asset holdings through a "budget-neutral" approach.The bill also requires federal agencies to disclose their held digital assets within 60 days of the bill's enactment and implement quarterly reserve proofs, independent audits, and congressional oversight.

According to CoinDesk, the U.S. House Oversight Committee plans to investigate prediction market platforms due to concerns that U.S. government employees may exploit insider information to profit from policy and national security events. James Comer, the chairman of the House Oversight and Government Reform Committee and a Republican congressman from Kentucky, stated on CNBC's "Squawk Box" that he is seeking internal records from the CEOs of Polymarket and Kalshi to determine whether government employees are profiting from insider information related to policy, geopolitical, and military actions, and indicated that he may push for legislation to prohibit members of Congress, government officials, and other government employees from participating in prediction markets.This investigation comes at a time when prediction markets are rapidly developing, and there is increasing scrutiny from both parties in Congress. Legislators and experts warn that this burgeoning industry poses national security risks, potential insider trading, and gambling issues.

Polish lawmakers passed the government-supported crypto assets market bill (No. 2529) in the 57th session of the House, with 241 votes in favor and 200 against. The bill aims to officially incorporate the Polish cryptocurrency market into the EU's Markets in Crypto-Assets Regulation (MiCA) framework. Previously, President Karol Nawrocki had vetoed earlier versions of the bill twice.According to the bill, the Polish Financial Supervision Authority (KNF) will gain explicit powers to supervise market participants, impose administrative penalties, and temporarily freeze accounts and transactions. The bill has now been submitted to the Senate for review, and the president may still exercise the veto power again.

According to Cointelegraph citing Bloomberg, the U.S. House fundraising committee will hold a closed-door bipartisan briefing on cryptocurrency tax issues this Thursday.

According to a report by Jinshi citing Xinhua News Agency, Iran's First Vice President Arif posted on social media on the 11th that if Iran negotiates with U.S. representatives in Islamabad, Pakistan, under the "America First" policy, it is very likely to reach an agreement that is beneficial for both parties and even the world.However, if faced with U.S. representatives under the "Israel First" policy, then no agreement will be reached, and "we will inevitably continue to defend ourselves more resolutely than ever, and the world will pay a greater price."

According to the official blog, Plume Network's General Counsel Salman Banaei stated at a hearing held by the U.S. House Financial Services Committee that tokenized securities should not be viewed as a completely new asset class, nor should new rules or exemptions be created for them.He argued that regulation should be driven by the economic nature and risks of financial products, rather than the technology used, and thus should incorporate new technological realities into the existing regulatory framework through targeted amendments to current regulations.Salman pointed out that utilizing public blockchains and on-chain compliance tools (such as Plume's built-in protocol-level anti-money laundering screening) can significantly enhance market transparency, reduce costs, and decrease reliance on intermediaries while maintaining or even exceeding existing regulatory standards.Finally, Salman issued a warning: the competition for global tokenized infrastructure is accelerating, with regions like Hong Kong, Singapore, and the UAE actively positioning themselves. If the U.S. falls behind in regulation due to policy uncertainty, it risks losing its leadership position in the digital transformation of global capital markets, allowing this strategic opportunity to shift to foreign competitors with different geopolitical objectives.

The U.S. House Financial Services Committee will hold a hearing on "Tokenization and the Future of Securities" on March 25, 2026, at 22:00 (UTC+8) to discuss the impact of security tokenization on capital markets, investor protection, and regulatory frameworks, and to review a legislative proposal requiring the SEC and CFTC to study the tokenization market.Witnesses include SIFMA President Kenneth Bentsen, Blockchain Association CEO Summer Mersinger, DTCC Deputy General Counsel Christian Sabella, Nasdaq Chief Legal and Compliance Officer John Zecca, and Plume Network General Counsel Salman Banaei.

According to Crypto In America, representatives from the cryptocurrency industry and the banking sector will head to Capitol Hill to review legislative texts concerning the yield and reward mechanisms for stablecoins.Reports indicate that the White House has reached a preliminary compromise with senators on related provisions, with the core controversy being whether to allow cryptocurrency platforms to offer yields to stablecoin holders. The current draft may include provisions that restrict yields on idle balances in response to the banking industry's concerns about deposit outflows and impaired lending capacity.Additionally, the relevant legislative texts have not yet been made public, and the industry still lacks clear expectations regarding the specific content. The Senate Banking Committee may advance the review process after the Easter holiday.

According to The Block, analysts from the research and brokerage firm Bernstein pointed out that Circle and Coinbase are the main tools for gaining exposure to the growth of stablecoins, due to the partnership between the two companies around USDC and the emerging role of stablecoins in smart agent payments, which could become an important driver of their future growth.In a report released on Monday, analysts led by Gautam Chhugani wrote, "We believe that smart agent payments provide an upside optionality for stablecoins. This is not a factor that currently has a substantial impact on the demand for stablecoins, but in the future smart agent economy, stablecoins may play a certain role." The analysts noted that so-called machine payments refer to transactions initiated, authorized, and completed by software or autonomous devices, rather than by human operation. These payments differ from automatic bill payments or subscription models; they are essentially programmatic, enabling real-time decision-making, price negotiation, and instant settlement without human intervention.Bernstein believes that stablecoins have a natural advantage in this environment because of their programmability, instant settlement capabilities, support for micropayments, and global reach. Payment logic such as escrow, conditional payments, or revenue distribution can be directly embedded in stablecoins, allowing smart agents to complete transactions without connecting to banks or waiting for confirmations.The report also pointed out that transactions can be settled in seconds, allowing AI agents to pay for computing power or data in real-time; high-throughput blockchains and state channels make large-scale micropayments economically viable; at the same time, stablecoins have cross-border attributes, eliminating the need to rely on SWIFT, correspondent banking systems, or foreign exchange conversions, thereby further reducing transaction costs.

According to Caixin, NPC representative and former president of the Liaoning branch of the People's Bank of China, Fu Xiguo, submitted a proposal to accelerate the revision and introduction of the "People's Bank of China Law of the People's Republic of China." Currently, the digital renminbi lacks clear legal regulation, and the issuance, circulation, and risk prevention face a legal vacuum, resulting in the central bank lacking a legal basis when fulfilling its issuance management responsibilities, making it difficult to effectively ensure the circulation safety of the digital renminbi and protect the rights and interests of financial consumers. The revision of the "People's Bank Law" should clarify the legal status of the digital renminbi as legal tender and define the core responsibilities of the central bank as the issuer of the digital renminbi.The new "People's Bank Law" should also include behaviors such as counterfeiting and tampering with the digital renminbi within the scope of legal regulation, clarifying corresponding legal responsibilities and penalty standards to ensure the circulation safety of the digital renminbi.

Recently, RootData launched a roadshow activity for companies in the cryptocurrency industry segment, presenting representative projects that continue to adhere to the Builder standard with transparency as the benchmark. The first issue is now released------the cryptocurrency custody segment, where the cumulative financing amount of companies in this segment exceeds $3.68 billion.Specifically, Copper, Fireblocks, BitGo, Anchorage, Cobo, Zodia Custody, Hex Trust, Amina, and CheckSig all have transparency scores above 80%, placing them in the top tier of this segment.Ceffu, Cactus Custody, and BDACS have transparency scores between 70% and 80%. Custodia Bank, Surus, Finoa, Xapo, Komainu, and SCRYPT Digital have transparency scores between 60% and 70%.Additionally, over 60 cryptocurrency custody companies have transparency scores below 60%, with half of these companies losing market competitiveness due to insufficient funding and low transparency, resulting in a lack of customer attention.RootData's transparency scoring is based on a comprehensive evaluation of factors such as investor background, team completeness, roadmap delivery, and news popularity. A higher transparency score indicates stronger project strength and stability.

According to Caixin, NPC representative Fu Xiguo submitted a proposal to expedite the revision and enactment of the "People's Bank of China Law of the People's Republic of China." Currently, the digital RMB lacks clear legal regulations, and the issuance, circulation, and risk prevention face a legal vacuum, resulting in the central bank lacking a legal basis in fulfilling its issuance management responsibilities, making it difficult to effectively ensure the circulation safety of digital RMB and protect the rights and interests of financial consumers. The revision of the "People's Bank Law" should clarify the legal status of digital RMB as legal tender and define the core responsibilities of the central bank as the issuer of digital RMB.The new "People's Bank Law" should also include acts such as counterfeiting and tampering with digital RMB within the scope of legal regulation, clarifying the corresponding legal responsibilities and penalties to ensure the circulation safety of digital RMB.

According to CCTV News, Dong Jin, a representative of the National People's Congress and the director of the Beijing Microchip Blockchain and Edge Computing Research Institute, stated that China's independently developed underlying blockchain technology has been applied in 16 central ministries and 27 central enterprises, achieving positive progress in areas such as taxation, cross-border trade, and global payments.Every year, hundreds of billions of invoices are "run" on the independent blockchain in our country, with over 300,000 enterprises in cross-border trade on the blockchain, and the trade amount reaching trillions of yuan.

The U.S. House of Representatives is expected to vote on a war powers resolution on Thursday. The resolution requires the president to obtain congressional approval before taking any further military action.

According to Jinshi, U.S. Trade Representative Tai hinted that some tariffs may exceed 15%.

According to Jinshi reports, U.S. Trade Representative Tai stated on CBS's "Face the Nation" program on Sunday that the agreements reached with countries such as the EU and South Korea remain in effect.He attempted to distinguish these agreements from the 15% global tariff plan announced by Trump on Saturday. Tai said, "We want them to understand that these deals will be successful deals. We will fully support these deals. We also expect our partners to fully support these deals."He also mentioned that other U.S. trade measures, including investigations into the trade practices of other countries, will provide advantages for the U.S. He had conversations with EU officials over the weekend and will also communicate with officials from other major U.S. trading partners to convey a message of reassurance.

According to crypto journalist Eleanor Terrett, the known attendees of the third meeting on stablecoin yield issues include Coinbase Chief Legal Officer Paul Grewal, Ripple Labs Chief Legal Officer Stuart Alderoty, a16z Crypto Policy Director Miles Jennings, and other representatives from the banking industry.Previous reports indicated that the third meeting on stablecoin yield issues is scheduled to take place at 9:00 AM Eastern Time (10:00 PM Beijing Time) at the White House, with a small group of representatives from the cryptocurrency and banking industries in attendance.

Coinbase CEO Brian Armstrong posted on the X platform that enabling more x402 checkout processes is very important so that customer service personnel can work more efficiently.