Crypto Markets Surveilled by Microsoft AI
CFTC Chairman Michael Selig confirms AI tools for market surveillance amid staff cuts; insider trading fears rise over $1.2M Polymarket bets on U.S.-Iran strikes. #Breaking #Legal
Regulation
CFTC Embraces AI to Offset Staffing Cuts
@CFTC Chairman Mike Selig testified that AI is aiding the agency amid staff cuts, as it prepares to regulate rapidly growing crypto markets and prediction platforms. #Update #Crypto $BTC $ETH
Bitcoin Surges as Pakistan Reopens Banks
Pakistan allows banks to serve VASPs under PVARA, with conditions on segregated accounts and AML compliance; Binance collaborates with Fauji Foundation. #Update #Crypto
Bitcoin: Virginia Enacts Crypto Transfer Law
Virginia Gov. Abigail Spanberger signed HB 798, requiring exchanges to transfer dormant crypto to the state in-kind after five years, effective July 1, 2026. #Update #Legal
ClearBank Secures MiCA Approval for Stablecoins
@ClearBank Europe has received MiCA approval to offer euro- and U.S. dollar-pegged stablecoins, connecting traditional banking with digital assets via @Circle’s Mint platform. #Update #Crypto $USDC
Crypto Clarity Bill Faces 30% Passage Chance
Ron Hammond of @Wintermute says the Clarity Act has a 30% chance of passing this year, facing hurdles from banks over stablecoin yield issues. Progress is ongoing but uncertain. #Update #Crypto $BTC
Japan Reclassifies Crypto as Financial Instruments
Japan reclassifies crypto as financial instruments to curb insider trading by 2027, with tax cuts from 55% to 20% and severe penalties for unregistered sellers. #Breaking #Legal
Cryptocurrencies Classified as Financial Products in Japan
Japan’s cabinet has approved a draft amendment to classify cryptocurrencies as financial products under the Financial Instruments and Exchange Act, potentially effective by fiscal 2027, enhancing regulation and penalties. #Update #Crypto $BTC $ETH
Bitcoin: France Mandates Self Custody Disclosure
France’s National Assembly passed a bill requiring self-hosted wallet disclosures over €5,000, despite security concerns and government opposition. #Update #Legal
Stablecoin Issuers Move Toward Federal Compliance
The U.S. Federal Deposit Insurance Corp. proposed stablecoin regulations under the GENIUS Act, focusing on capital and liquidity standards; public comments open for 60 days. #Update #Crypto $USDC
Bitcoin Oversight Gaps Shift Japan Policy
Japan’s FSA signals tougher crypto regulations, focusing on meme coin risks, investor protection, and disclosure. Regulatory changes aim to enhance market integrity amid increasing scrutiny. #Update #Crypto
Polymarket Kalshi Drive $25.7B Prediction Surge
Dune Analytics reports $25.7B March volume, with @Polymarket and @Kalshi leading; CFTC scrutiny as open interest nears $940M. #Update #Crypto
Bitcoin Surges as Japan Amends Crypto Rule
Japan’s FSA adds 30 jurisdictions to its crypto travel rule, enhancing compliance demands for exchanges and stablecoin issuers. #Update #Crypto
Japan Aligns Crypto with Financial Markets
Japan’s Financial Services Agency reclassifies crypto under financial law, enhancing regulation and transparency, signaling mainstream acceptance and market maturity. #Update #Legal