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.
Policy
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
Clarity Act ‘not a gatekeeper’ for crypto innovation, WisdomTree exec says
The asset manager says innovation can proceed under current SEC rules as the Clarity Act faces debate in Congress.
Charles Hoskinson not a fan of CLARITY Act, warns of ‘weaponization’ by future lawmakers
The Cardano founder says post-FTX politics, flawed design and a narrow U.S.-only approach risk stifling new crypto projects while benefiting established players
Maryland man charged in $50 million Uranium Finance hack after U.S. seized $31 million in crypto
Prosecutors say Jonathan Spalletta exploited smart contract bugs twice in April 2021, laundering funds through Tornado Cash and spending proceeds on rare collectibles.
KuCoin operator barred from U.S. after CFTC order, following $297 Million DOJ case
KuCoin operator Peken Global Limited cannot cater to U.S. users on its platform unless it registers as a foreign board of trade.
U.S. rule change may open trillions in 401(k) funds to crypto
The Labor Department on Monday proposed a rule following an executive order from President Donald Trump that directed regulators to expand access to digital assets in retirement portfolios.
Democrats urge warnings to federal officials against insider bets on prediction markets
Members of the House and Senate asked the CFTC and federal ethics office to remind government employees it’s illegal to make insider derivatives trades.