Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown
The former SEC chairman who may be tapped to oversee the Trump administration’s AI work has a potentially divisive history as a watchdog of tech innovation.
Regulation
Crypto industry gave $8 million to Clarity Act lobbyists who didn’t close the deal
In the first half of this year, the sector poured millions into lobbying, with most of it tied to pushing the U.S. market structure bill to a goal it never reached.
U.S. CFTC seeks event contract definitions that may defy states’ gambling claims
As it battles with states over prediction markets, the CFTC sent two related rules on swaps definitions for White House review.
U.S. SEC’s steadiest crypto advocate, Hester Peirce, to depart next week
The long-anticipated exit of the commissioner sometimes known as Crypto Mom is Oct. 2, announced as the agency was sending out its latest crypto work.
Blockchain Association sees leadership shift shortly after crypto Clarity Act fizzles
The trade group will be run again by its original CEO, Kristin Smith, when Summer Mersinger leaves at the end of a long congressional tussle.
U.S. Federal Reserve moves on proposals to implement GENIUS Act for stablecoins
The Fed proposed rules on putting last year’s GENIUS Act into place with regulations, including those governing stablecoin yield programs.
U.S. commodities firms can invest in tokenized assets, use blockchain records: CFTC
The U.S derivatives regulator is grinding away at further guidance that welcomes tokenization and blockchain recordkeeping as regular industry elements.
EU’s financial regulator to make AI and tokenization a supervisory priority in 2027
European regulators will map how financial firms use the technologies in client-facing products and begin checks on the most affected businesses.
U.S. regulator warns about cheating risks in ‘mention markets’ on prediction platforms
The Commodity Futures Trading Commission issued a new advisory to flag the unique dangers of markets based on individuals’ behavior.
Clarity Act, we hardly knew ye: We look at what was in the bill and what’s replacing it
U.S. agencies are racing to substitute their regulations for the law that was meant to set crypto markets in governmental bedrock, but will the stand-ins last?