U.S. cryptocurrency regulation bill CLARITY could become law as early as June, Galaxy Digital CEO Mike Novogratz said. He said the bill may be finalized in May and move to a signing stage in June. The measure sets standards for digital assets, creating a national regulatory framework and dividing oversight by classifying some assets as securities and others as commodities. The process has slowed in the Senate amid stablecoin provisions and bank concerns.

South Korea is overhauling administrative rules governing government research funds to widen individual researchers’ discretion and reduce paperwork. The Ministry of Science and ICT said the Cabinet approved an amendment to the enforcement decree of the National Research and Development Innovation Act. The changes include a new direct-cost category called “research innovation expenses,” allowing flexible spending on routine items. Overhead spending rules will shift to a negative list, and pre-approval requirements for meeting expenses will be abolished.