SEC Shuts Anthropic Models $2.87B Shift
The U.S. government ordered @AnthropicAI to block foreign access to its AI models, prompting a global shutdown and sparking $2.87B inflows into AI crypto tokens. #Update #Crypto $ICP
Regulatory & Legal
Includes news and discussions about regulatory measures, legal challenges, and the legal environment affecting cryptocurrencies.
SEC Proposes Rule Changes Impacting Tokenized Stocks
The SEC proposes rescinding Regulation NMS Rules 611 and 610e to modernize equity market structure, potentially impacting tokenized securities. Public comments are awaited. #Update #Crypto
SEC Approves Tokenization Framework for Growth
SEC Commissioner Hester Peirce indicated that the SEC can utilize its exemptive authority for tokenized securities without formal rulemaking, as interim measures may lack full regulatory force. #Update #Crypto $BTC
Bitcoin Gains as CFTC Approves Perpetuals
CFTC staff issues no-action guidance allowing CFTC-registered Designated Contract Markets to convert digital commodity perpetual futures into true perpetuals, impacting US crypto derivatives market structure. #Update #Crypto
Crypto Fraud: Canada Lags Behind India
ZachXBT criticizes Canadian authorities for weak action on crypto fraud, naming Toronto a top cybercrime hub and declining victim requests due to stalled evidence. #Update #Crypto
SEC Declares CLARITY Act Logistically Impossible
Eleanor Terrett claims the White House’s goal to pass the CLARITY Act by July 4 is “logistically impossible,” citing necessary bipartisan agreements and unresolved issues. #Update #Crypto $XRP
Kraken Launches CFTC-Approved Futures for US
Kraken plans to launch CFTC-regulated perpetual futures for US traders within 30 days on Bitnomial, covering $BTC, $ETH, $SOL, $XRP, $ADA, $LINK, $DOGE, $LTC, and $AVAX. #Update #Crypto
CFTC Countersues New Mexico Over Kalshi Dispute
The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against New Mexico, seeking to assert jurisdiction over event markets including sports prediction contracts from @Kalshi, amid state gambling law enforcement efforts. #Breaking #Legal $KALSHI
SEC Approves Crypto ETF with BTC ETH XRP
The SEC approved NYSE Arca’s proposal to list the T. Rowe Price Active Crypto ETF, including $BTC, $ETH, and $XRP among eligible assets. The fund aims for long-term growth. #Update #Crypto $BTC
Bitcoin Mogul’s Fraud Conviction Upheld
A federal appeals court upheld Sam Bankman-Fried’s 25-year fraud conviction, rejecting his claims about FTX’s solvency. A presidential pardon is his last option. #Breaking #Legal
SEC Backs States in Prediction Market Battle
Gary Gensler supports states against CFTC in prediction market regulation, emphasizing state authority on gambling issues. Thirty Native American tribes back Ohio’s legal stance. #Breaking #Legal
Crypto Regulation Shifts: CFTC’s Selig Acts
CFTC’s Mike Selig ends “regulation by enforcement,” focusing on rule-based oversight for crypto, derivatives, and prediction markets. $BTC #Update #Crypto
SEC Scraps Rule 611 Boosts Tokenized Stocks
The SEC proposed scrapping Rules 611 and 610(e), potentially easing barriers for tokenized US stocks, with feedback open for 60 days; Galaxy’s Alex Thorn calls it a major unlock for DeFi trading. #Update #Crypto $BTC
SEC Chair Gensler Defends Prediction Markets Regulation
Former SEC and CFTC Chair Gary Gensler argues prediction markets do not override state regulations, as legal disputes continue between courts on their legitimacy. #Update #Legal $BTC