Anti-trafficking group says Clarity Act’s Section 604 could weaken accountability
An anti-human trafficking advocate said a Clarity Act provision could weaken accountability despite existing criminal laws.
Policy
Trump lands in Senate’s crosshairs over $500 million UAE investment in his crypto venture
Senate Democrats call for hearings into whether a $500 million investment by UAE officials in World Liberty Financial influenced Trump’s policy decisions.
Crypto PAC’s $5.5 million Congress pick gets Maryland win, more crypto allies advance
The Fairshake super PAC supported Adrian Boafo in Maryland, plus other candidates in Maryland, New York and Utah as each ran its primary elections.
U.S. Senate passes housing bill that carries four-year ban on a Fed CBDC
The idea of a U.S. central bank digital currency — though little more than a research topic at the Federal Reserve — may be getting formally blocked.
Are perps swaps? A quick look at that CME suit: State of Crypto
CME Group sued the CFTC on Thursday, alleging that the agency was wrong in how it approved Kalshi’s first U.S. perpetual futures product.
Ex-Celsius CEO Mashinsky gets U.S. CFTC ban in final resolution with regulator
Alexander Mashinsky, the founder of failed crypto lender Celsius, had earlier been imprisoned for fraud and is now formally banned from CFTC registration.
U.S. agencies seek stablecoin customer-ID rules akin to banks in new GENIUS Act pitch
The Federal Reserve, Treasury and other regulators have issued a proposed rule that would set identification standards, and it’s now open for public comments.
Crypto industry aghast at Illinois’ new tax on holding or transferring digital assets in state budget
The 0.2% tax on any business activity involving digital assets was added last-minute, and is unlikely to change, two people familiar with the matter said.
Crypto PAC’s $12 million Senate candidate, Barry Moore, wins Alabama GOP primary
The Trump loyalist drew more crypto dollars than any candidate so far in this year’s midterms, and the result marks a big win for the industry’s political arm.
Kalshi’s crypto perpetuals spark debate over whether they’re futures or swaps
A clash between derivatives veterans is exposing a deeper discussion over how U.S. regulators should classify crypto perpetual contracts.