CFTC Approves New Prediction Markets Framework
The CFTC proposes a new framework for event contracts, offering clarity for platforms like @Kalshi and potentially benefiting @Polymarket amid reduced regulatory uncertainty. #Update #Legal
Regulation
CFTC Proposes First U.S. Prediction Market Rules
The U.S. Commodity Futures Trading Commission proposed its first prediction markets regulation, aiming for a 90-day review process to assess contract legality while supporting responsible innovation in the industry. #Update #Legal $BTC $ETH
Crypto Tax Bills Face Lawmaker Concerns
U.S. House Ways and Means Committee hearing on crypto tax bills reveals bipartisan concerns, delaying potential relief for digital asset users; clarity needed for mining and staking provisions. #Update #Crypto $BTC $ETH
Corruption Gaps Congress Must Close Now
The Digital Asset Market Clarity Act, advancing in the Senate, faces five critical gaps including oversight for DeFi platforms and stablecoin regulations, risking illicit finance facilitation. #Update #Legal $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
Crypto Bills Advance with Small Transaction Relief
U.S. House Ways and Means Committee circulates seven crypto tax bills before June 9 hearing, addressing small transaction tax relief and mining taxation issues. #Update #Crypto $BTC $ETH
Clarity Act Requires Ethics Deal Before Vote
Sen. Angela Alsobrooks will not support the Clarity Act unless ethics provisions are agreed upon, emphasizing consumer protection amid rising crypto adoption. #Update #Crypto $USDC
Crypto Clarity Act Advances Amid Bad-Actor Concerns
The U.S. Senate’s Digital Asset Market Clarity Act faces challenges as bipartisan support wanes, with law enforcement groups hesitant; urgency grows for passage before midterm elections. #Update #Crypto $BTC
OCC Chief Blames Democrats for Political Pressure
@WorldLibertyFinancial faces congressional scrutiny as OCC Chief Jonathan Gould claims only Democrats apply political pressure regarding its bank charter, amid concerns over foreign ties and stablecoin regulations. #Update #Crypto $USDT
Crypto Advisors Uncover Key Due Diligence Questions
Advisors must revisit due diligence on client cash management, regulatory assumptions, and AI’s role in crypto trades as the GENIUS Act approaches implementation by 2027. #Update #Crypto $USDC
Bitcoin: 160 Veterans Back CLARITY Act
160 former national security and law enforcement veterans urge Senate leaders to support the CLARITY Act, increasing pressure on crypto regulation. #Update #Crypto
DeFi Launches New Crypto Campaign Funding Option
@DefendDevelopersPAC, a new hybrid political action committee, aims to raise six figures to support pro-crypto incumbents in key midterm races, focusing on legal protections for developers. #Update #Crypto
Senate Approves Clarity Act Amid Crypto Debate
The Digital Asset Market Clarity Act has been formally submitted to the Senate, but time is limited with eight weeks until summer recess and competing legislative priorities. #Update #Crypto $BTC
Crypto Partnerships Banned by UK Watchdog
Premier League clubs warned by the U.K. Financial Conduct Authority about unauthorized crypto sponsorships, risking legal liability and reputational damage. Notably, @OKX is not FCA-authorized while @Kraken is. #Update #Legal $BTC $ETH