Kalshi Faces Regulatory Scrutiny Over Ads
@BBB has referred prediction market @Kalshi to state regulators after the platform declined to participate in an inquiry regarding influencer disclosure practices. #Update #Legal
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
Ethereum Launches Compliance-Ready Confidential Transfers
@StarkWare launched STRK20, a privacy framework for ERC-20 tokens, while @Sui introduced confidential transfers, enhancing compliance-ready features amid growing regulatory scrutiny in the crypto space. #Update #Crypto $SUI
Bankman-Fried Seeks Pardon Amid Legal Turmoil
Sam Bankman-Fried has filed a presidential pardon request after being sentenced to 25 years for fraud. His claims of unfair treatment face opposition, including from Donald Trump. #Update #Legal $BTC
CFTC Approves Kalshi’s HYPE Futures Trading
@Kalshi has filed with the CFTC to launch perpetual futures for Hyperliquid ($HYPE), expanding its offerings after recently introducing Bitcoin and Ethereum perpetuals. $HYPE price rose 1% to $61.95 amid increased trading volume. #Update #Crypto $HYPE
SEC Oversight Intensifies After Warren Critique
Senator Warren questions CFTC’s ability to regulate crypto and prediction markets amid staffing cuts and industry influence. Congress considers expanding CFTC authority. #Update #Regulation
EU Compliance Costs Choke Web3 Innovation
The EU’s MiCA regulation imposes high compliance costs, hindering crypto startups while benefiting legacy financial institutions, warns @Ledger CTO Charles Guillemet. #Update #Crypto $BTC $ETH
SEC Targets Binance in $5B Crackdown
France warns crypto firms of prosecution under MiCA; Coinbase and Kalshi introduce regulated perpetual futures in the U.S.; Japan pushes for yen stablecoins. #Update #Legal
SEC Approves Securitize for NYSE Listing
@Securitize advances toward a public listing via SPAC merger after SEC approval of its Form S-4 registration. The firm manages $4B in assets and reported Q1 revenue of $19.5M, up 39%. #Update #Crypto
Bitcoin Regulation Opens Doors Liquidity Decides
BitMEX CEO highlights Oct. 10 crypto crash as a stress test for exchange resilience, emphasizing regulation’s role in market consolidation amid structural fragmentation. #Update #Crypto
Bitcoin Lawsuit Set for July Hearing Date
A New York court has scheduled a July 14 hearing for a lawsuit seeking control of 39,069 dormant Bitcoin wallets, potentially linked to Satoshi Nakamoto, valued at $226 billion. #Update #Legal $BTC
Bitcoin Lawsuit Moves Forward After 14 Years
A Bitcoin address, 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, moved 15 BTC amid a $285 billion lawsuit over dormant wallets, marking a significant response from defendant Noah Doe. #Update #Legal $BTC
SEC Races to Finalize Crypto Rules
The CLARITY Act gains momentum with bipartisan support from lawmakers and industry leaders, but critics demand stronger safeguards against market risks. #Update #Crypto
Crypto Fraud Fighters Unite in Kazakhstan
@AMLBot, Kazakhstan’s Ministry of Internal Affairs, and @Stop-piramida.kz have signed a memorandum to combat cryptocurrency fraud, streamlining victim complaints and asset freezing. #Update #Crypto $BTC
SEC Clarifies Crypto Capital Rules for Investors
A group of Senate Republicans, led by Senator Cynthia Lummis, urged U.S. regulators to clarify capital standards for crypto activities, citing current rules as a “de facto ban” on banks holding digital assets. #Update #Crypto $BTC $ETH