On April 1, the U.S. Department of the Treasury released a notice of proposed rulemaking seeking public input on how stablecoin oversight should align between state regimes and the federal framework under the GENIUS Act. The proposal says states may supervise payment stablecoin issuers with total issuance below $10 billion if their rules are deemed substantially similar to federal requirements, and comments are due within 60 days after publication in the Federal Register.

Drift Protocol said it was investigating unusual activity on April 1, 2026, after onchain trackers estimated $200 million or more was drained from protocol accounts. The outflows were traced to Solana wallet HkGz4KmoZ7Zmk7HN6ndJ31UJ1qZ2qgwQxgVqQwovpZES, while DRIFT fell from about $0.072 to $0.055 amid uncertainty.

The U.S. Department of the Treasury released its first proposed rule under the GENIUS Act and opened a 60-day public comment period. The plan would let payment stablecoin issuers operate under federal oversight or under qualifying state regimes if outstanding supply is below $10b, with larger issuers shifting toward OCC-led supervision.

On April 1, the CFTC said a U.S. federal court entered a supplemental consent order against former FTX head of engineering Nishad Singh, which—together with a prior order—wraps up the agency's enforcement action. The Southern District of New York ordered $3.7 million in disgorgement, a five-year trading ban, and an eight-year registration ban, and required continued cooperation. The CFTC added it is not seeking restitution or a civil monetary penalty at this time.

On March 30, the CFTC said a U.S. federal court entered a consent order against Peken Global Limited, an entity linked to operating the KuCoin exchange, over U.S. participants' access to its trading system without foreign board of trade registration. The agency said the Southern District of New York imposed a permanent injunction and ordered a $500,000 civil monetary penalty, while no disgorgement was sought or awarded.

Meta plans to roll out dollar-linked stablecoin payments across Facebook, Instagram and WhatsApp in the second half of 2026, focusing on integrating existing tokens rather than issuing its own. The company is seeking external partners to run infrastructure, compliance and settlement while Meta concentrates on the in-app wallet experience and distribution. The approach reflects the regulatory backlash that followed Libra/Diem and positions Meta as a payments interface layered on top of regulated stablecoins.

The Uniswap Foundation said it ended 2025 with $85.8 million in assets and expects its current funding to cover operations into early 2027. It disclosed holdings as of Dec. 31, 2025, including $49.9 million in cash and stablecoins, 15.1 million UNI, and 240 ETH. The group also outlined allocations of about $106.2 million for grants and incentives and $26.3 million for operating costs and employee token awards.

Australia's Parliament passed the Corporations Amendment (Digital Assets Framework) Bill on April 1, 2026, bringing crypto exchanges and custody providers into the country's existing financial services regime. Platforms holding client digital assets must obtain an Australian Financial Services Licence (AFSL) from ASIC, with a six-month window to apply and an 18-month path to full alignment, while smaller operators below specified thresholds receive exemptions.