SEC close to putting out ‘reg crypto’ for fundraising questions, Chair Atkins says
The Securities and Exchange Commission will address fundraising and startup exemptions in this proposal, Paul Atkins told a crowd Monday.
Policy
Appeals court blocks New Jersey from shutting down Kalshi’s sports markets
The Third Circuit Court of Appeals ruled that New Jersey could not bring an enforcement action against Kalshi, finding that the federal Commodity Exchange Act preempted state gambling laws.
Polymarket pulls controversial Iran rescue markets after intense backlash
Prediction markets face rising regulatory pressure, with congressional Democrats proposing legislation to ban contracts tied to elections, war and government actions.
Judge continues Nevada ban on Kalshi sports markets
A state judge ruled that Kalshi’s prediction markets offering sports bets were “indistinguishable” from gambling, and extended a temporary ban in Nevada.
Todd Blanche, author of DOJ crypto enforcement memo, is now interim AG
U.S. President Donald Trump named Todd Blanche, his former personal attorney and deputy attorney general, as the interim top prosecutor.
Crypto market structure bill release pushed back as industries view revised stablecoin yield compromise this week
Crypto and banking industry representatives are viewing revised stablecoin yield compromise language this week.
CFTC sues Illinois, Arizona, Connecticut over states’ sports prediction market efforts
The CFTC argued in a lawsuit that the Commodity Exchange Act gave it “exclusive jurisdiction” over all swaps, which include prediction markets.
Coinbase wins initial bank regulator nod for trust charter, boosting custody push
Coinbase’s conditional OCC approval moves it closer to operating as a federally regulated crypto custodian, pending compliance and final review.
Australia passes crypto regulation requiring exchanges to obtain financial services licenses
Exchanges and custody platforms must obtain financial services licenses within six months under the new framework.
Hong Kong hasn’t issued a single HKD stablecoin license after March target
Officials flagged March for initial approvals, but licensing has yet to begin with no updated timeline