CFTC Approves OG.com for Single-Stock Futures
@OGcom Markets is seeking CFTC approval to offer perpetual futures on individual stocks, joining other platforms like Coinbase and Kraken in expanding derivatives trading in the US. #Update #Crypto
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
CFTC Leader Departs Blockchain Association After CLARITY Vote
@BlockchainAssn CEO Summer Mersinger will step down on Oct. 16 after legislative setbacks in Congress, with former chief Kristin Smith returning as interim CEO. #Update #Crypto
SEC Proposes Strict Rules for Stablecoins
The Federal Reserve proposes new rules for stablecoin issuers, requiring full reserve backing and standardized capital requirements under the GENIUS Act. Public comments open for 60 days. #Update #Regulation
Layerzero Faces $292M Legal Battle
Evercrest Technologies Inc. sues LayerZero Labs over $292M rsETH bridge exploit; LayerZero CEO calls claim “meritless.” Aave faces up to $230.1M in bad debt. #Breaking #Legal @LayerZero_Labs
CFTC Revamps Tokenized Asset Guidance After Vote
The US Commodity Futures Trading Commission (CFTC) updated its guidance on tokenized assets, allowing companies to invest customer funds in tokenized forms with equivalent rights, amid stalled Congressional action on crypto regulation. #Update #Crypto $BTC $ETH
CFTC Approves Blockchain Investments for Commodities Firms
U.S. commodities firms can now invest in tokenized assets and utilize blockchain records, according to the CFTC, which is expediting regulatory clarity amid stalled legislation. #Update #Crypto $BTC $ETH
ChatGPT Lawsuit Claims Privacy Breach
OpenAI faces a class action lawsuit in California over privacy concerns related to “Project Lily,” which allegedly allows contractors to read user conversations without proper disclosure. #Breaking #Legal
SEC Peirce Urges Ending KYC Surveillance
SEC Commissioner Hester Peirce advocates using zero-knowledge proofs to enhance financial data privacy, citing recent KYC data breaches as a security risk. #Update #Legal
Polymarket Faces New York Ban Lawsuit
New York AG Letitia James and Governor Kathy Hochul sued @Polymarket for allegedly operating an illegal gambling platform, seeking to ban it from NY and impose fines. #Breaking #Legal
Stablecoin Adoption Boosted by Visa’s Fraud Protection
@Visa’s new report indicates that bank-level fraud protection could increase US interest in stablecoins for remittances, with adoption intent rising from 36% to 56% under secure conditions. #Update #Crypto $USDC
Solana Expands Partnerships with Ex-Binance CMO
@Solana Foundation has appointed Rachel Conlan as chief strategy officer and Jamal Raees as general manager of payments, enhancing institutional partnerships amid new collaborations. $SOL #Update #Crypto $SOL
CFTC Crypto Rules Go Time Selig Declares
CFTC Chair Mike Selig declares “It’s Go Time” for crypto rules, focusing on derivatives as $BTC trades at $83.4k after a 3% drop. Crypto $BTC
CFTC Investigates $5B Kalshi Trades
The CFTC is reviewing Kalshi’s ether perpetual trades, with $5.5 billion in near-identical trades raising scrutiny. Kalshi denies wash trading, attributing patterns to market makers’ orders.
CFTC Warns Prediction Markets Manipulation Risks
The CFTC’s Division of Market Oversight issued guidance on “mention markets,” highlighting manipulation risks in prediction contracts based on unverifiable conduct. The advisory is not a new law. #Update #Legal