CFTC Issues Guidance Amid Market Scrutiny
The Commodity Futures Trading Commission (CFTC) issued guidance on event contract derivatives, spotlighting prediction markets amid increased regulatory scrutiny. #Update #Legal
Regulation
SEC Charges 38 Entities Over Fraud
The SEC charged 38 entities for allegedly using false filings to appear as legitimate investment advisers, highlighting risks of fake regulatory credibility in online markets. #Breaking #Legal
Senate Showdown: CLARITY Act Odds Unclear
Kalshi predicts a 91% chance of a Senate vote on the CLARITY Act before October 1, while Polymarket sees only a 13% probability of its passage by 2026. #Update #Crypto
CFTC Challenges Polymarket Insider Trading Case
The CFTC filed an amicus brief in a Polymarket insider trading case, highlighting regulatory focus on prediction markets and swaps law. #Update #Legal
XRP Strategy Rides on Nasdaq Vote Outcome
Armada Acquisition Corp. II shareholders will vote on Sept. 30 regarding Evernorth Holdings’ Nasdaq merger, which could authorize up to 10 billion shares as it targets growth in $XRP per share. #Update #Crypto $XRP
Bitcoin Strategy Targets Illicit Cash Flows
Ireland launches a 30-point plan to combat money laundering, targeting crypto-assets with tougher regulations. Enforcement policies will update through 2026. #Breaking #Legal
Stablecoin Rules Launch Under New GENIUS Act
U.S. agencies propose new customer-ID rules for stablecoin issuers under the GENIUS Act, requiring identity verification and record maintenance similar to banks. #Update #Legal $USDT
Bitcoin Faces Illinois Tax Law Backlash
Illinois SB3019 law introduces a 0.2% tax on digital asset business activity, effective January 1, 2027, sparking industry concern over competitiveness. #Update #Crypto
Bitcoin: Zimbabwe Launches Crypto Regulations
The Reserve Bank of Zimbabwe’s FIU mandates VASPs to register, aligning with AML/CFT standards; registration doesn’t imply business authorization. #Update #Crypto
Bitgo Europe Launches MiCAR-Compliant Crypto Solution
@Bitgo Europe launches a MiCAR-compliant CaaS platform for EU VASPs, offering custody insurance up to $250M. Poland faces a 2026 deadline as Lithuania’s regime expired. #Update #Crypto
Bitcoin Tax Sparks Industry Backlash
Illinois Governor J.B. Pritzker signed the Digital Asset Tax Act, imposing a 0.2% tax on digital asset broker transactions effective January 1, 2027, drawing industry criticism. #Update #Legal
Bitcoin Gains MiCA Compliance Boost in Europe
@BitGo offers MiCA-compliance solutions for crypto firms as the deadline approaches, with 75% of pre-MiCA firms expected to lose registration. Fees start at $2,000 monthly. #Update #Crypto $BTC $ETH
Crypto PAC Powers Barry Moore’s Alabama Primary Win
Barry Moore wins the Alabama GOP primary with 56% support, backed by Fairshake PAC, which spent over $12 million on his campaign. Fairshake is funded by @Coinbase, @a16z Crypto, and @Ripple. #Update #Crypto $XRP
Senators Urge Treasury to Include States in Stablecoin Process
U.S. senators urge the Treasury to include state regulators in the implementation of the GENIUS Act for stablecoins, emphasizing the need for clear certification processes. #Update #Legal $USDC