SEC approves Nasdaq’s move to support tokenized securities trading
The SEC’s approval lets Nasdaq test blockchain-based versions of stocks that trade and settle like traditional shares.
Policy
Kalshi co-founder fights back against Arizona’s ‘overstep’ in what a lawyer calls a federal-state turf war
Arizona has filed 20 criminal counts against Kalshi, a prediction market platform, accusing it of operating an illegal gambling business and offering election wagering in the state.
Stratton wins Illinois Senate primary, defeating crypto-backed Krishnamoorthi
Lieutenant Governor Juliana Stratton is now likely to be the next Senator from Illinois, after defeating Rep. Raja Krishnamoorthi, who enjoyed major backing from crypto PAC Fairshake.
Senator Tim Scott says market structure negotiations are advancing
The South Carolina Republican said he might see a draft of stablecoin yield language as soon as this week, and other issues continue to be negotiated.
U.S. SEC issues first-ever definitions for what crypto assets are securities
The U.S. Securities and Exchange Commission shared the informal guidance it’ll use to classify crypto securities alongside its sister agency overseeing commodities.
Arizona Attorney General files criminal charges against prediction market Kalshi
Kris Mayes filed 20 criminal counts against the prediction market operator, escalating a multi-state legal clash over sports and election predictions markets.
Popular Solana wallet Phantom wins CFTC nod to access regulated derivatives markets
This means Phantom can act as a non-custodial interface connecting users to registered derivatives platforms, removing the need for broker registration under specific conditions.
Vietnam pushes local crypto exchanges as Hanoi moves to block offshore trading: Reuters
The move aims to regulate the country’s growing crypto market and restrict trading on foreign platforms.
The SEC and CFTC join hands: State of Crypto
The SEC and CFTC signed a memorandum of understanding to do a better job providing a combined regulatory approach to the digital asset sector.
Court closes Custodia fight with Federal Reserve just as Fed opens master-account door
Just days after the Federal Reserve granted a limited master account to Kraken, crypto bank Custodia’s years-long court battle with the Fed concludes in a loss.