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U.S. Judge Margaret M. Garnett in New York postponed the ruling on Aave's emergency application on Wednesday, which aims to unfreeze $71 million in ETH related to the Kelp DAO hacking incident, and requested both parties to submit supplemental briefs before the hearing on June 5. Aave is attempting to reclaim the $71 million in ETH frozen on Arbitrum to assist in the asset recovery efforts from this hacking incident—Kelp DAO suffered losses of up to $293 million from the hack, making it one of the most severe security incidents in the DeFi space this year.However, the U.S. law firm Gerstein Harrow LLP submitted a restraining order to the court in early May, claiming that its client has rights to the aforementioned funds. Aave then filed an emergency motion to lift the freeze, warning that if the funds are not released in a timely manner, it could lead to user liquidations and potentially impact the entire DeFi market. Judge Garnett noted in her ruling that Aave failed to adequately explain how user funds would incur "compound losses" if the restraining order remained in place. She also acknowledged the complexity of the case, the risks faced by the victims, and requested both parties to provide supplemental statements on six key issues, including: whether the hacking transaction is subject to New York state sanctuary principles, the legal distinctions between fraud and theft and what rights the hacker has over the stolen assets, which laws apply to determine the priority of claims for frozen assets, whether constructive trusts are an appropriate remedy, and whether Aave or Arbitrum can identify individual victims and proportionally return assets. Both parties must submit supplemental briefs by May 22.Meanwhile, the overall compensation work for Kelp DAO is progressing. Kelp and Aave announced on Tuesday that the rsETH held by the hacker has been destroyed on Arbitrum, and approximately $278 million in loss tokens will be restored within the next two weeks through the funds of the Aave Recovery Guardian multi-signature wallet. Once the relevant smart contracts are reactivated, all functions of rsETH will return to normal.

SBF wrote to New York Judge Lewis Kaplan, announcing the temporary withdrawal of the Rule 33 motion for a retrial. SBF stated that he needed to focus on answering the judge's question about whether his lawyers were involved in drafting the motion, and he believed he could not receive a fair hearing before that judge, so he decided to withdraw the motion. He plans to reserve the right to resubmit the motion after a ruling on the direct appeal and the related request for reassignment of the judge.Previously, SBF was sentenced to 25 years in prison for defrauding clients and investors. In his letter, he confirmed that the motion was primarily completed through his independent legal research and drafting while in Brooklyn prison, with his parents only providing editorial suggestions and assistance with printing.

According to Decrypt, U.S. Senator Elizabeth Warren (a senior Democrat on the Senate Banking Committee) wrote to SEC Chairman Paul Atkins, stating that he may have "deliberately misled" Congress regarding the decline in the number of new enforcement actions by the SEC during a hearing, and pointed out that if there are significant false statements made to Congress, it could involve criminal liability.The report cites enforcement data disclosed by the SEC for 2025, stating that the SEC added a total of 456 new enforcement actions last year, of which about 200 were from the previous administration, and approximately 256 were added during the current administration, significantly lower than the average of about 765 per year over the past decade. Warren believes that the sharp decline in enforcement actions, staff reductions, and sudden leadership changes may weaken the SEC's ability to protect investors and maintain market order, and questions whether there is political favoritism and selective enforcement. The SEC declined to comment on this.

The Strategic Bitcoin Reserve Act in Tennessee, USA, will hold a hearing in the Senate Finance Committee on April 20, further advancing the legislative process.

According to Punchbowl, the hearing for Federal Reserve Chair nominee Waller is scheduled for April 21.

According to Jin Shi reports, a source told CNBC that the U.S. Senate Banking Committee will hold a hearing on April 16 to review the nomination of Kevin Warsh as Chairman of the Federal Reserve.Another criminal investigation surrounding the Federal Reserve is still ongoing, examining whether current Chairman Powell made false statements to Congress regarding the expensive renovations of the Federal Reserve's office building. Meanwhile, Warsh's nomination process is still moving forward, which could lead to a conflict between the two parallel processes pushed by the Trump administration.Banking Committee member Thom Tillis has already stated that he will not vote to confirm Warsh until the investigation is concluded, meaning Trump cannot advance both processes simultaneously. However, by continuing to push for the hearing, Trump is clearly still trying to achieve this goal. The Senate Banking Committee has not yet listed the hearing on the public agenda.

According to Punchbowl, two sources familiar with the plans revealed that the Senate Banking Committee plans to hold a nomination hearing for Kevin Warsh to become the Chairman of the Federal Reserve as early as the week of April 13. The specific date is still uncertain and will depend on whether Warsh submits complete materials to the committee.

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.

Crypto journalist Eleanor Terrett posted on the X platform that the U.S. House Financial Services Committee plans to hold a hearing on tokenization next Wednesday at 10 AM (Eastern Time), with Blockchain Association CEO Summer Mersinger attending as an invited witness.

According to CoinDesk, negotiations on the CLARITY Act, a U.S. cryptocurrency market structure bill, have been ongoing for several weeks and are currently in a state of "almost reached."Insiders say that the updated legislative text was submitted to the White House for review on Thursday, and Republican members of the Senate Banking Committee held a meeting that day to discuss how to bridge the final gaps. A long-standing dispute over stablecoin yields is nearing compromise, but lawmakers are still discussing what other concessions can be offered to community banks in exchange for their support, which may include provisions related to recent housing legislation. Democrats continue to demand a ban on government officials profiting from personal cryptocurrency interests (mainly targeting Trump) and require the appointment of a Democratic commissioner to fill a vacancy before the CFTC passes new regulations.Senator Lummis stated that the Coinbase CEO has been more flexible in recent negotiations. Meanwhile, the SEC released its first classification definition of crypto assets this week. The SEC chairman stated that only Congress can rewrite the law, but in the meantime, regulators are providing a responsible regulatory path that the market needs.

According to Jinshi Data, the U.S. Senate has not yet received the hearing-related documents for the Federal Reserve Chair nominee, Waller.

According to The Block, the U.S. Court of Appeals for the Tenth Circuit voted 7 to 3 to deny Custodia Bank's request for an en banc review, upholding the October 2025 panel's ruling that the Federal Reserve has the authority to approve or deny master account applications from eligible institutions.Notably, just days ago, the Kansas City Fed granted Kraken its first limited cryptocurrency master account, while the Federal Reserve is also developing a broader "streamlined master account" framework.Custodia is a Wyoming-chartered special purpose depository institution founded by Wall Street veteran Caitlin Long. The company first applied for a master account in October 2020. The Kansas City Federal Reserve Bank confirmed in early 2021 that there were "no significant issues" with the application, but ultimately denied it in January 2023 due to concerns about the bank's focus on a cryptocurrency business model.Custodia filed a lawsuit in June 2022, initially regarding a 19-month delay in approval, and later argued that the Currency Control Act grants any eligible depository institution the right to obtain a master account by law. Courts at all levels dismissed the lawsuit.

The 60,000 Bitcoin money laundering case will have a "legal applicability issue" hearing in July, with the UK High Court confirming that Fieldfisher, which was involved in the case earlier, will serve as the lead law firm for the hearing. However, the proposal of the lead law firm has sparked controversy, with some law firms concerned that Fieldfisher may gain an information advantage, such as a list of large investment victims, and even take the opportunity to "poach clients" by improperly "inducing" victims to switch law firms.The judge believes that this arrangement does not designate Fieldfisher to represent all victims' asset recovery claims, but only to negotiate with the court on behalf of all victims regarding the "legal applicability issue." Other law firms will still handle their clients' claims individually, and the selection of a lead law firm is intended to improve litigation efficiency.

The Blue Sky Ge Rui case will hold a hearing on "Legal Application Issues" in July. Chinese victims who intend to pursue the UK recovery process need to supplement detailed financial information after completing the preliminary registration, including total investment, amount of loss, and the amount of compensation received along with evidence, by June 18, 2026.It is reported that this hearing will be crucial for the disposal of 60,000 bitcoins. If Chinese law applies, there is a creditor-debtor relationship between the victims and Blue Sky Ge Rui, and the victims can only recover the principal at most; if UK law applies, victims have proprietary rights to the bitcoins, and the appreciated portion of the loss may also be recoverable.

8300 Chinese victims apply for compensation in the case of 60,000 bitcoins related to Qian Zhimin's money laundering, where asset disposal has reached a deadlock, with multiple law firms representing and fighting for themselves. According to the UK judge, there are issues of repeated submissions, repeated debates, and prolonged procedures, and the lawyer fees are also rising, ultimately needing to be paid by the Chinese victims.It is reported that on the eve of the Lunar New Year and the first day of the New Year (February 16 and 17, 2026), the High Court of England will hold a hearing involving over 30 billion yuan, concerning nearly 130,000 Chinese victims. This is the asset disposal procedure for the highly publicized 60,000 bitcoins money laundering case. In addition, the price of bitcoin is highly volatile, and the market value of 60,000 bitcoins has shrunk from a peak of approximately 54 billion yuan on October 6, 2025, to about 31 billion yuan in early February 2026.

The Chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, was questioned by Democratic lawmakers during a House Financial Services Committee oversight hearing regarding the suspension of enforcement actions against Tron Foundation founder Justin Sun.Senior Democratic lawmaker Maxine Waters emphasized that the SEC has abandoned nearly all previous cryptocurrency enforcement cases since Trump took office and questioned whether Sun's relationship with Trump influenced this. Atkins stated that he could not discuss individual cases but was willing to provide confidential briefings within the limits of the rules. At the same time, Atkins confirmed that the SEC is working with the CFTC to develop cryptocurrency regulatory rules consistent with the Clarity Act to clarify the jurisdiction of the two agencies.

Coinbase Chief Legal Officer Paul Grewal stated on the X platform that the U.S. Congress has granted the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over the launch of related prediction market contracts. The latest news is that a federal court hearing in Nevada has been scheduled for next week, and he also expressed gratitude for the handling of the relevant court matters.Paul Grewal previously stated that Nevada regulators attempted to unilaterally prevent the launch of any prediction market event contracts without giving Coinbase an opportunity to defend itself, and that due process should at least include the opportunity to obtain a hearing.

U.S. Senator Elizabeth Warren is calling for Congress to hold hearings on the $500 million acquisition of WLFI equity by UAE National Security Advisor Sheikh Tahnoon bin Zayed Al Nahyan. Reports indicate that the transaction documents were signed by Eric Trump, with approximately $187 million flowing directly into entities related to the Trump family, and at least $31 million going to entities associated with Trump ally Steve Witkoff.Elizabeth Warren stated that this move is "purely a corrupt act" and urged the Trump administration to rescind its decision to sell sensitive artificial intelligence chips to the UAE. She also called for Trump administration officials, including Steve Witkoff, David Sacks, and Commerce Secretary Howard Lutnick, to testify before Congress on related issues, claiming that they jeopardize U.S. national security for the benefit of a president-associated cryptocurrency company.