Top Democrat on House committee questions Kraken’s Federal Reserve account
Maxine Waters, who would likely take the House Financial Services Committee gavel again if Democrats win the House, sent a letter to the Kansas City Fed.
Policy
Market structure bill compromise draws wide-ranging reaction from fractured crypto crowd
The yield agreement, seen as a step toward finally advancing the stalled market structure bill, hasn’t yet fully won industry support.
AI agents to help investigators unearth crypto criminals, according to new TRM program
TRM Labs has added an AI agent to the services the blockchain analytics firm offers law enforcement agencies.
U.S. lawmakers dig into tokenizing securities as Trump ties muddy waters
A U.S. House of Representatives hearing reviewed tokenization, with a broad agreement that securities traded via token need the same treatment as regular trading.
Stablecoin yield in crypto Clarity Act won’t allow rewards on balances, latest text says
The crypto industry got a first look at legislative language that won’t allow rewards on stablecoin balances, and the approach is seen as restrictive.
Sam Bankman-Fried tries to get on Donald Trump’s good side by backing his Iran strikes
The jailed founder of bankrupt crypto exchange FTX is fueling growing speculation that he is seeking a presidential pardon.
Sam Bankman-Fried’s past political cash gives AI PAC fuel for bashing NY candidate Bores
A mailer from Think Big PAC told voters that the Democratic U.S. House candidate once got $100,000 in support from the former head of failed global exchange FTX.
Senators say they’ve reached compromise on yield to advance crypto market bill
One of the major sticking points on the crypto market structure bill may be resolved, at least enough to move toward a Senate hearing to advance the bill.
Kalshi gets temporary Nevada ban in dispute over sports betting
A Nevada court issued a 14-day ban on a wide range of contracts from prediction market firm Kalshi as the firm continues battling with state regulators.
Crypto Clarity Act inches toward Senate hearing as lawmakers weigh legislative trades
The White House may be reviewing fresh legislative text, and lawmakers are reportedly weighing offers to banks of other, unrelated provisions for their support.