Crypto News Today: New York Post's X account hacked, Bitcoin (BTC) ETF faces SEC decision, Trump plans 100% tariff on imported foreign films

Regulatory/Macro:

* **South Korea's Financial Services Commission: Non-profit organizations and exchanges can sell virtual assets under specific rules starting in June**

According to Korean media reports, the Financial Services Commission (FSC) of South Korea has recently finalized the draft guidelines, which will allow non-profit companies and virtual asset exchanges (exchanges) to sell virtual assets held under certain conditions from June 2025.

According to the new regulations, eligible non-profit organizations (such as those that need to undergo external audits, set up internal donation review committees, etc.) will be allowed to sell virtual asset donations received (immediate cashing is required, and only assets traded on more than three Korean won exchanges). Registered virtual asset exchanges are allowed to sell some of their own virtual assets (only the top 20 assets by market value) to cover operating costs, but there are daily quota limits and sales through their own platforms are prohibited.

In addition, the FSC plans to establish customer verification measures for transactions between non-profit organizations and exchanges by May, and revise transaction support best practices to prevent "currency manipulation" and deal with "zombie coins". In the second half of the year, it is also planned to issue real-name accounts to listed companies and professional investors.

* **Trump: Plans to impose 100% tariff on all imported foreign films**

According to Jinshi Data, US President Donald Trump said he plans to authorize the US Department of Commerce and the Office of the US Trade Representative to immediately begin the procedures for imposing tariffs of up to 100% on all films produced abroad and entering the United States.

* **Indonesia suspends Worldcoin and WorldID services due to illegal operations**

According to an official announcement from Indonesia, the Indonesian Ministry of Communications and Digital (Komdigi) recently announced that it has temporarily revoked the Electronic System Operator Registration Certificate (TDPSE) related to Worldcoin and WorldID services. Officials pointed out that this decision was based on preliminary investigations that found that the relevant services were suspected of violating Indonesian electronic system regulations.

The investigation showed that PT. Terang Bulan Abadi, which was allegedly responsible for the operation, was not registered as an electronic system operator (PSE) as required and did not hold the TDPSE certificate; it was also found that Worldcoin-related services were actually operated using the registration certificate of another legal entity, PT. Sandina Abadi Nusantara.

The Ministry of Communications and Digital said it plans to summon relevant personnel from the two companies to further investigate and handle the violation.

* **Canary Capital’s Litecoin ETF faces SEC decision soon, analysts expect delay**

The first resolution deadline for the U.S. Securities and Exchange Commission (SEC) on the Litecoin (LTC) spot ETF application submitted by Canary Capital is today (May 5), reports Golden Finance, citing Cointelegraph and Bloomberg analyst James Seyffart.

Unlike most other cryptocurrency ETF applications, the Litecoin ETF application has not previously undergone an extended review by the SEC. This situation has sparked market speculation that the ETF may be approved earlier.

However, despite the lack of previous extension records, analysts (such as James Seyffart) generally expect that the SEC will most likely choose to postpone the final decision this time, rather than directly approve or reject it.

* **Trump family stablecoin involved in $2 billion transaction, Sen. Warren urged the Senate to suspend related legislation**

U.S. Senator Elizabeth Warren recently publicly called on the Senate to suspend deliberations on a key digital asset (stablecoin) regulatory bill (such as the GENIUS Act) due to concerns that the bill may involve potential conflicts of interest related to the family of current President Trump.

Warren specifically pointed out that a U.S. dollar stablecoin project operated by the Trump family business World Liberty Financial was related to a $2 billion deal with the UAE investment company MGX. MGX allegedly plans to use the stablecoin to assist it in completing its investment in the cryptocurrency exchange Binance.

Warren called it a "suspicious crypto transaction" that may involve a foreign government providing huge funds to the Trump family. At the same time, the GENIUS Act, which aims to establish a federal regulatory framework for stablecoins, is facing a legislative deadlock in the Senate. Due to differences over the amendments proposed by the Republicans, several Democratic senators expressed opposition, which hindered the bipartisan negotiations.

* **Trump made it clear that he would not seek a third term, naming Vance and Rubio as potential successors**

US President Donald Trump made it clear in a TV interview (NBC's "Talk to the Press" program) aired on May 4 local time that he would not continue to serve as president after the end of this term.

Trump directly said in the interview: "I will be president for 8 years, two terms." This statement confirmed his position that he does not intend to seek a third presidential term.

At the same time, he also specifically mentioned