Two things in the crypto world worth watching today: First, the U.S. Treasury is proposing that stablecoin issuers must have anti-money laundering capabilities like freezing and intercepting suspicious transactions—regulations are tightening further. Second, South Korea has introduced a Basic Act on Digital Assets, aiming to include stablecoin issuance, custody, and trading within a comprehensive framework. Meanwhile, Morgan Stanley's low-fee spot BTC ETF is live, showing that traditional capital is still moving into the space. In the short term, regulatory news might dampen sentiment a bit, but compliance pathways are still opening up. My take: BTC will likely consolidate first, with limited downside for corrections.