Kalshi Faces Lawsuit Over Unlicensed Betting
Kalshi faces a class action lawsuit for allegedly operating unlicensed sports betting and market manipulation, violating state laws. #Breaking #Legal
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
SEC Rejects CoinShares XRP ETF Proposal
@CoinShares has withdrawn three cryptocurrency ETF plans, indicating no shares were sold post-S-1 registrations. This comes amid shifting regulatory expectations, while other issuers like Franklin Templeton continue to advance their ETF initiatives. #Update #Crypto $SOL $XRP $LTC
Bitcoin Fraud: Interpol Launches Global Crackdown
Interpol designates scam-compound networks using crypto as a global threat linked to organized crime and human trafficking, complicating law enforcement efforts. #Update #Legal
Bitcoin Fraud Network Declared Global Threat
Interpol designates crypto-related fraud as a transnational criminal threat, targeting scam centers using coerced labor across 60+ countries. $11B in crypto tied to these scams since July 2022. #Breaking #Legal
Bitcoin ETF Approval Nears SEC Decision
@BlackRock’s Bitcoin ETF approaches a milestone as Nasdaq seeks SEC approval for a 1M-contract IBIT options cap, enhancing liquidity and transparency in crypto derivatives. #Update #Crypto $BTC
Bitcoin ETF Launches with SEC Approval
NYSE Arca has applied to the SEC to list the T. Rowe Price Active Crypto ETF, which will invest in $BTC, $ETH, $XRP, $DOGE, and $SHIB using a flexible management strategy. #Update #Crypto $BTC $ETH $XRP $DOGE $SHIB
Polymarket Secures CFTC Approval for U.S. Operations
@Polymarket receives CFTC approval to operate in the U.S., implementing new market supervision policies and enhancing connectivity with brokerage firms for improved trading efficiency. #Update #Crypto $USDT
SEC Urged to Curb Crypto Exemptions
The World Federation of Exchanges urged the U.S. SEC to limit exemptions for crypto platforms offering tokenized stocks, citing investor risks and market integrity concerns.
SEC Approves Grayscale Zcash Spot ETF
@Grayscale has filed with the SEC to convert its Zcash Trust into a spot ETF, rebranding it as Grayscale Zcash Trust ETF upon approval, enhancing investor access to $ZEC. #Update #Crypto $ZEC
SEC’s 2025 Plan Streamlines Crypto Oversight
@SEC’s revised 2025 plan aims to clarify crypto regulations, enabling digital asset trading on national exchanges and streamlining compliance for firms, potentially enhancing investor protection and market efficiency. #Update #Crypto $BTC $ETH
SEC Approves Polymarket Kalshi Stumbles
Polymarket gains CFTC approval to operate in the U.S., while Kalshi faces a Nevada block on sports markets after injunction reversal. #Update #Legal
AI Fraud: Bipartisan Bill Targets Threat
Reps. Ted Lieu and Neal Dunn introduce AI Fraud Deterrence Act, proposing up to $2 million fines and 30-year sentences for AI-assisted fraud. #Breaking #Legal
Bitcoin Depot Challenges $18.5M Legal Award
Bitcoin Depot’s Canadian subsidiary faces an $18.47M arbitration award from Cash Cloud over ATM failures, while a parallel lawsuit continues in U.S. bankruptcy court. #Update #Legal
SEC Approves Franklin Templeton Solana ETF
@FranklinTempleton has filed with the SEC to launch its Solana ETF, SOEZ, following the successful debut of its XRP ETF. The fund will track Solana with a 0.19% fee. #Update #Crypto $SOL