Regulation
The Commodity Futures Trading Commission (CFTC) has filed a federal lawsuit against the state of Illinois, challenging the state's regulatory actions against prediction market platforms. The lawsuit stems from cease-and-desist letters issued by Illinois regulators to several prediction market operators, which the CFTC argues interfere with federal jurisdiction
Regulation
Coinbase legal chief Paul Grewal says US lawmakers are nearing agreement on the CLARITY Act, with a Senate markup expected soon.
Regulation
The legislation “embraces innovation, protects participants, and empowers internet-native communities to compete with big tech incumbents,” said a16z’s Miles Jennings.
Regulation
The Treasury published its notice of proposed rulemaking as the market capitalization of dollar-pegged stablecoins neared $300 billion.
Regulation
EDX Markets, the cryptocurrency trading platform backed by Citadel Securities, has filed an application with U.S. regulators for a trust charter to expand its institutional digital asset services. The move represents a significant step in the company's strategy to broaden its offerings beyond spot trading to include
Regulation
Members of the public will have 60 days to respond to the Treasury’s notice of proposed rulemaking in the Federal Register.
Regulation
Michael Selig summarized his first 100 days overseeing the commodities regulator since being confirmed by the US Senate in December.
Regulation
US Fed Governor Michael Barr said clearer US rules could help the market grow, but warned that GENIUS Act implementation must still guard against runs, weak reserves and illicit finance.
Regulation
Australia has officially enacted comprehensive cryptocurrency regulation requiring all digital asset exchanges operating in the country to obtain Australian Financial Services Licenses (AFSL). The legislation, passed by Parliament this week, establishes a formal regulatory framework for the crypto industry as authorities eye what they describe as a AUD $24 billion
Regulation
Russia approved a draft crypto bill package that would push trading through licensed intermediaries and cap retail purchases at $3,700 annually.
Regulation
Dubai’s VARA issued new rules mandating governance, disclosure and risk controls for VASPs offering crypto derivatives and exchange services.
Regulation
The Commodity Futures Trading Commission (CFTC) has permanently barred KuCoin from operating in the United States, marking the culmination of regulatory enforcement actions against the cryptocurrency exchange. The order follows a $297 million settlement with the Department of Justice, representing one of the largest penalties imposed on a crypto exchange