[News Brief] Apr 22, morning | Law Enforcement Concerns Emerge as Key Variable in U.S. Senate Crypto Bill Negotiations

Law Enforcement Concerns Emerge as Key Variable in U.S. Senate Crypto Bill Negotiations

Addressing concerns raised by law enforcement agencies has emerged as a key variable in negotiations over U.S. Senate cryptocurrency legislation.

According to Odaily, a Fox Business reporter covering crypto said on X that it remains unclear how the discussion will affect the BRCA provision.

The reporter also explained that additional revisions to the version of the bill that passed the Senate Banking Committee are still possible.

Some Democratic senators are taking the position that concerns raised by law enforcement must be resolved before they support the bill on the Senate floor.

U.S. and U.K. Explore Stablecoin Use in Cross-Border Finance

Source: The Block

The U.S. and U.K. governments said in a joint statement by the Transatlantic Regulatory Exchange market task force that they will explore ways to use stablecoins in cross-border finance.

Both countries assessed that regulated stablecoins could improve the efficiency and competitiveness of the financial system, contribute to better financial market infrastructure, and enhance the efficiency of cross-border payments and transactions.

The statement shows that U.S. and U.K. regulators are gradually recognizing the role of stablecoins within the traditional financial system.

Interactive Brokers Adds Support for Trading 12 More Crypto Assets and Introduces Stablecoin Withdrawals

PANews reported on the 15th, citing The Block, that Interactive Brokers is adding support for trading 12 additional crypto assets through Zero Hash and Paxos.

With the expansion, users will be able to trade more digital assets on the platform. The company also introduced a stablecoin withdrawal feature, allowing users to convert U.S. dollar balances into stablecoins and send USDC, PYUSD, and RLUSD to external wallets.

The move is intended to go beyond simply holding digital assets in traditional brokerage accounts by also supporting withdrawals to on-chain wallets, thereby expanding the connection between traditional finance and the crypto ecosystem.

Binance Pushes Strategic Shift from Trading-Centered Model to Payments-Focused “Super App”

According to Odaily, Binance is pursuing a strategic shift from a crypto trading-centered business model to a “super app” strategy focused on payments.

Binance said stablecoins are being used more broadly not only as trading instruments but also for payments and remittances, and CoinDesk reported that the company sees this as a core growth driver.

U.K. Delays Capital Gains Tax Trigger for DeFi Lending and Liquidity Pool Deposits

U.K. tax authorities have decided to defer the capital gains tax trigger on deposits into DeFi lending protocols and liquidity pools until the actual disposal of the asset.

According to Odaily, HM Revenue & Customs confirmed that depositing crypto assets into DeFi lending protocols or liquidity pools will no longer be treated as a taxable disposal.

The measure will take effect on April 6, 2027, and will involve an amendment to the U.K.’s Taxation of Chargeable Gains Act 1992.

HMRC estimates that the change will affect about 700,000 individuals and trustees who use crypto lending and liquidity pools in the U.K.

The DeFi industry has long argued that the current interpretation, under which tax is triggered merely by depositing assets, does not align with the realization of actual economic gain. Aave founder Stani Kulechov called the move “a step in the right direction.”

Coinbase Allows Mainland Chinese Users to Register Accounts

Coinbase is reportedly allowing users in mainland China to register accounts.

On July 14, Wu Blockchain reported, citing multiple social media user submissions and confirmation from a Coinbase employee, that Chinese users can complete identity verification using a mainland Chinese national ID card and a mainland address.

Previously, a Chinese passport and a Hong Kong address were reportedly required. The change is drawing market attention in relation to expanded access to Coinbase for mainland Chinese users.

JPMorgan Says Hyperliquid’s Rise Could Pressure Circle and Coinbase USDC Revenue Model

JPMorgan has analyzed that the rise of decentralized trading platform Hyperliquid could put pressure on the USDC-related revenue models of Circle and Coinbase.

According to Odaily, JPMorgan lowered its earnings forecasts for Circle and Coinbase. The reason given was that as Hyperliquid emerges as a major distribution channel in the USDC ecosystem, a structure could form in which the two companies compete over expanding USDC circulation.

JPMorgan estimates that Hyperliquid currently holds about $6 billion worth of USDC, equivalent to roughly 8% of total circulation. The bank’s analysts said this shift could strain the existing cooperation and revenue-sharing structure between Circle and Coinbase.

However, JPMorgan added that if the high interest rate environment continues, reserve income from USDC could still receive some support.

Capital Group-Affiliated Growth ETF Buys Additional 80,240 Shares of Strategy

According to Odaily, BitcoinTreasuries.net said that Capital Group-affiliated growth ETF CGGR purchased an additional 80,240 shares of Strategy (MSTR).

The purchase totaled $7.78 million, bringing its total holdings to 1.66 million shares with a market value of $161.39 million.

Capital Group is a major global active asset manager overseeing $3.3 trillion in assets. Strategy is classified as a representative listed company holding a large amount of bitcoin.

Coinbase to End cbETH Deposit and Withdrawal Support on Some Networks Starting Aug. 17, 2026

According to Odaily, Coinbase announced that it will end support for cbETH deposits and withdrawals on the Arbitrum, Optimism, and Polygon networks starting August 17, 2026.

Coinbase said cbETH will continue to be available on the Ethereum and Base networks. cbETH is Coinbase’s Ethereum staking-related token.

Nexa Pay Official X Account Suspected of Hack; Some Users Report Wallet Asset Theft

According to Odaily, Onchain Lens warned that Nexa Pay’s official X account is suspected to have been hacked and advised users to avoid connecting wallets, signing transactions, or clicking links in its posts.

Some users reportedly had wallet assets stolen after interacting with related posts. The project said it is investigating the incident and will provide updates as more information is confirmed.

Security industry participants noted that takeovers of social media accounts belonging to crypto projects have become increasingly common and warned users to be cautious of fake airdrops, token claims, and malicious contract approvals delivered through phishing links.