Crypto industry cheers Senate Clarity Act markup date as market structure push resumes
The bill’s progress follows talks on jurisdiction, consumer/developer protections, and stablecoin rewards, with crypto firms backing a yield compromise.
Policy
Judge clears path for Aave to move $71 million in ETH linked to North Korea hack
Judge Margaret Garnett allowed frozen exploit funds on Arbitrum to move to Aave, but the legal freeze follows the assets as terrorism plaintiffs continue their claim.
Senate Banking Committee plans to hold key market structure hearing on Thursday
The Senate Banking Committee announced it would hold its markup hearing for the Clarity Act on March 14.
CFTC Chair Mike Selig argues for agency’s ‘exclusive regulatory authority’ in prediction markets fight: State of Crypto
Selig said states do not have the ability to police prediction market providers, echoing his agency’s stance as it pursues court cases to cement its authority.
Crypto Clarity bill has 30% chance of passing this year, Wintermute’s Hammond says
Wintermute’s head of policy Ron Hammond pegs chances at 30%, citing political friction, stalled negotiations and shifting timelines despite signs of progress.
Federal judge blocks Arizona from bringing criminal charges against Kalshi
Judge Michael Liburdi ordered Arizona not to bring any enforcement actions under state law against Kalshi, at least temporarily.
Japan moves to classify cryptocurrencies as financial products
The new rules ban insider trading, require issuers to publish annual disclosures, and impose stricter penalties: up to 10 years in prison and 10 million yen in fines for operating without registration.
U.S. Treasury to loop in crypto sector on hacker warnings shared with traditional firms
The Department of the Treasury announced it’s letting crypto firms sign up for timely information-sharing on cybersecurity threats.
CFTC presses case that sports betting is finance, seeks to block Arizona enforcement
Federal lawsuit argues event contracts are swaps under U.S. law, not state-level gaming law, deepening a split with states that view the products as illegal gambling
Stablecoin issuers get closer to U.S. federal rules with FDIC’s new proposal
The Federal Deposit Insurance Corp. approved a proposed rule to govern the issuers, even as the Senate continues to debate GENIUS Act details.