US Lawmakers Introduce Bill to Crack Down on Prediction Markets War Bets
Two Democratic lawmakers in the US Congress have introduced legislation in response to “government corruption” over bets on prediction markets...
Business
SEC, CFTC Issue Landmark Crypto Guidance Defining US Regulatory Boundaries
The Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) on Tuesday issued a joint interpretation clarifying how...
Arizona AG Files Charges against Kalshi over ‘Illegal Gambling‘
Arizona Attorney General Kris Mayes announced that her office filed gambling and related criminal charges against the companies behind prediction...
CFTC Issues No-Action Letter for Crypto Wallet Provider Phantom
The no-action position taken by the US regulator under Chair Michael Selig will allow the company to engage in certain...
CFTC No-Action Relief Unlocks Crypto Wallet Access to Regulated Derivatives Markets
CFTC clears a path for crypto wallet software to expand into derivatives access without broker registration, signaling a major regulatory...
GSR moves to build one stop crypto capital markets platform with $57M acquisition
GSR has acquired Autonomous and Architech in a $57 million deal, according to a company announcement, as the crypto trading...
Maestro Debuts Bitcoin Credit Market for Institutional BTC Mining Yield
Bitcoin infrastructure provider Maestro has launched a Bitcoin-denominated credit market backed by mining economics, aiming to give institutions a new...
Robinhood Ventures Fund I invests in Stripe and ElevenLabs
Robinhood Ventures Fund I, Robinhood’s first publicly traded closed-end venture fund, has invested in payments giant Stripe and artificial intelligence...
DAOs May Need To Ditch Decentralization To Court Institutions
Decentralized autonomous organizations (DAOs) were built on an ideological premise that is now running up against the realities of running...
Vietnam Crypto Licences Draw Five Firms as Overseas Platform Ban Looms
Five Vietnamese companies are reportedly competing to launch the country’s first licensed crypto exchanges as authorities move to bring trading...
Mastercard to acquire stablecoin firm BVNK for up to $1.8B
Global financial services giant Mastercard announced Tuesday it has reached a deal to buy BVNK, a stablecoin payment infrastructure provider,...
PayPal expanding PYUSD stablecoin access to 70 countries: Report
PayPal is expanding access to its stablecoin PYUSD to 70 countries, including regions across South America, Africa, and Asia, whereas...
Polymarket Faces Nationwide Block Ordered by Argentina Court
A court in Argentina has ordered a nationwide block of the major crypto-based prediction market platform Polymarket over unauthorized gambling.Argentina’s...
DeFi Education Fund Drops SEC Lawsuit as Crypto Stance Softens
Texas-based apparel company Beba and crypto lobby group DeFi Education Fund have withdrawn a 2024 lawsuit against the US Securities...
SEC has Proposed Narrowing Rule 15c2-11 to Equity Securities Only
The US Securities and Exchange Commission is pushing to clear up years of confusion over a key broker-dealer reporting rule...
SEC Proposal Limiting OTC Rules to Equities Raises New Questions for Crypto Assets
SEC moves to narrow a decades-old OTC market rule to equity securities, signaling possible limits on regulatory reach while opening...
Ironlight raises $21M to expand regulated infrastructure for tokenized securities
Ironlight Group has raised $21 million in a Series A round to expand infrastructure for tokenized securities, joining a rapidly...
US, UK, and Canada Launch Joint Operation to Disrupt Crypto Fraud
The US Secret Service, UK National Crime Agency, and Canadian authorities have partnered to disrupt fraudulent schemes related to crypto,...
Crypto wealth manager Abra to list on Nasdaq in blockbuster $750 million merger
Abra, a digital asset wealth management platform, will transition into a publicly traded company through a merger with New Providence...
South Korea Hits Bithumb With $24.5M Fine Over AML Violations
South Korea has fined crypto exchange Bithumb 36.8 billion won (about $24.5 million) and imposed a six-month partial business suspension...
Strategy Buys 22,337 Bitcoin, Holdings Rise to 761,068 BTC
Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, continued aggressively stacking Bitcoin last week, bringing the company’s total...
Australian Senate Committee Backs Digital Assets Framework Bill
Australia’s Senate Economics Legislation Committee has backed a bill that would require crypto exchanges and tokenization platforms to comply with...
