SEC Considers Jay Clayton for AI Adviser Role
President Trump is considering Jay Clayton for White House AI adviser, with a decision expected in 3-4 days. The role’s powers remain undefined amid plans for a federal AI Force. #Update #Crypto $BTC
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
CFTC Targets Prediction Market Promotions
The CFTC is reviewing prediction market incentive programs, with action expected this week. Concerns include “risk-free” trades and unlimited rebates. Companies like @Kalshi and @Polymarket may be impacted. #Update #Legal
CFTC Probes Kinzinger Kalshi Pardon Bets
The CFTC is investigating former Representative Adam Kinzinger for trades on Kalshi linked to his presidential pardon. Kinzinger denies wrongdoing, citing adherence to Kalshi’s rules.
SEC Modernizes Transfer-Agent Rules to Prevent Crisis
The SEC is modernizing transfer-agent rules to prevent a new paperwork crisis in the blockchain era, as tokenization risks fragmented ownership records. #Update #Crypto $BTC
Bitcoin Fraud Trial: Pleterski Self-Defense
Canadian court allows Aiden Pleterski to represent himself in October fraud trial after $40M crypto scheme losses; only $3M recovered. Justice Nakatsuru denied trial delay request. #Breaking #Legal
SEC Chair Pushes Onchain Rules Forward
SEC Chair Paul Atkins confirms the SEC will define onchain fundraising rules after the CLARITY Act failed in the Senate. Hester Peirce resigns Oct. 2, leaving two commissioners. #Update #Legal
SEC Targets 3 Platforms in Probe
Rep. Comer demands trading records from @Hyperliquid, @cryptocom, and Predictit amid insider trading probe involving $150M profit from a $1.1B short. #Breaking #Legal
SEC Crypto Regulation Shifts with 3 Commissioners
Hester Peirce, known as “Crypto Mom,” departs the SEC, leaving it with only two commissioners. The CFTC remains led by a sole commissioner. Nominations for replacements are pending. #Update #Crypto $BTC $ETH
Bitcoin: Moonpay Partners Korean Banks for Stablecoin
Moonpay Korea launches with Kakaobank, Woori Bank, and KB Financial Group to expedite international remittances and explore stablecoin payments. #Update #Fintech
CFTC Approves Coinbase Clearinghouse Launch
The U.S. Commodity Futures Trading Commission approved @Coinbase’s registration of Coinbase Clearing LLC as a derivatives clearing organization, enabling in-house clearing of fully collateralized futures and options. #Update #Crypto $USDC
Coinbase Launches CFTC-Approved USDC Clearinghouse
Coinbase Clearing LLC has been registered by the CFTC as a Derivatives Clearing Organization, enabling it to clear fully collateralized derivatives using USDC with 24/7 settlement. #Update #Legal
Bitcoin Regulation Debate Heats Up Jamaica
Jamaica’s House debates Virtual Assets Service Providers Act to regulate crypto firms, aligning with international banking standards; unlicensed operators face criminal charges. #Update #Legal
SEC Blocks Kalshi in Two-State Defeat
The Sixth Circuit ruled against @Kalshi, allowing Ohio and Tennessee to enforce gambling laws on its prediction markets. Pending Maryland decision in Fourth Circuit. #Update #Legal
CFTC Approves Coinbase US Derivatives Clearinghouse
@Coinbase has received CFTC approval to launch Coinbase Clearing LLC, enabling it to clear fully collateralized derivatives products, enhancing its financial market infrastructure. #Update #Crypto $USDC