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X appoints former Aave Labs CPO Benji Taylor as Head of Design ahead of April X Money launch
On March 25, 2026, X said it has hired Benji Taylor as Head of Design, with responsibilities spanning X as well as xAI and SpaceX, ahead of the planned April launch of X Money. X Money has been in limited beta testing since early March and is expected to roll out peer-to-peer payments, bank deposits, a debit card, and cashback rewards. The move has fueled fresh discussion about whether crypto features could be added at launch or in a later phase.
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US Reps. Adrian Smith and Nikki Budzinski propose PREDICT Act to bar officials from prediction markets
U.S. Reps. Adrian Smith and Nikki Budzinski introduced the bipartisan PREDICT Act on Wednesday to restrict federal officials and their families from trading prediction-market contracts tied to elections, legislation, or other government actions. The proposal sets penalties that include a civil fine equal to 10% of the transaction value and mandatory forfeiture of any profits, with proceeds directed to the U.S. Treasury.
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BTC-3.02%
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UK moves to freeze crypto political donations as US House introduces PREDICT Act
On March 25, Prime Minister Keir Starmer said the UK would impose an immediate moratorium on cryptocurrency donations to political parties, while also adding a £100,000 annual cap on donations from British citizens living abroad. The government plans to amend the Representation of the People Bill so parties must return any crypto received since March 25 within 30 days once the law passes, or face criminal penalties. In the US, lawmakers introduced the PREDICT Act to restrict senior officials and their families from trading political-event prediction markets, with proposed penalties including 10% of transaction value plus disgorgement of profits.
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Franklin Templeton and Ondo Finance Tokenize Five ETFs for Non-U.S. Rollout
On March 26, 2026, Franklin Templeton said it is working with Ondo Finance to place five ETFs onto public blockchains, with an initial launch planned outside the U.S. The structure uses an SPV to hold ETF shares at U.S.-registered broker-dealers while issuing 1:1 backed tokens that represent return rights and automatically reinvest dividends. The move comes as tokenized stocks approach ~$951M in total value and monthly transfer volume rises past $2.6B, alongside a tokenized Treasury market that has exceeded $11B by March 2026.
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BTC-3.02%
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Startale Group Closes $63M Series A After $50M SBI Group Investment on March 26, 2026
Startale Group said on March 26, 2026 it completed the second close of its Series A round, adding $50 million from SBI Group, Inc. to bring the total to $63 million. The raise follows a $13 million investment from Sony Innovation Fund in January 2026, with the company planning to use the capital to advance Strium for tokenized securities and expand work on the JPYSC yen stablecoin and related onchain settlement infrastructure.
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US grand jury indicts two Chinese firms and six nationals in crypto-linked fentanyl precursor case
A federal grand jury in Ohio indicted two Chinese pharmaceutical companies and six Chinese nationals over alleged fentanyl precursor trafficking and money laundering, after investigators said customers were told to pay through crypto wallets controlled by the defendants. The case, tied to the FBI's Operation Box Cutter, also includes charges against three defendants for allegedly seeking to provide material support to a Mexican cartel designated as a foreign terrorist organization.
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