California’s DFAL Clock Is Ticking: XRP Price Hanging in the Balance
California’s Digital Financial Assets Law will take effect on July 1. It requires any firm conducting digital asset business activity with state residents to hold a DFAL license, and have a completed application on file with the DFPI, or cease…
Prediction market polls find US voters prefer federal rules over state patchwork
The CFTC has been locked in a tug-of-war with states over which has the ultimate authority over event contracts.
Senate’s 60-Vote Gap Looms Over CLARITY Act Before August Recess
The House Financial Services Committee has scheduled back-to-back hearings on July 14 and July 17, one covering Federal Reserve monetary policy, the other focused directly on the CLARITY Act. This is giving supporters of comprehensive crypto regulation…
CME Group Sues CFTC Over Competitor Crypto Perpetual Futures Approval
CME Group, the world’s largest traditional futures exchange, has filed a federal lawsuit against the Commodity Futures Trading Commission (CFTC), as detailed in the official announcement. This legal action challenges the CFTC’s recent…
CFTC And SEC Seek Input On Derivatives Definitions As Crypto Perpetuals Face Legal Test
The CFTC and SEC have opened a joint public comment process on derivatives product definitions, adding fresh regulatory weight to a debate that could shape how crypto perpetual futures are treated in the United States. TL;DR The agencies are seeking…
TD Cowen says CME has the upper hand in lawsuit against CFTC over crypto perpetual futures
“We expect CME will seek a preliminary injunction to block perps as the case proceeds,” said TD Cowen’s Jaret Seiberg.
CFTC Resolves Celsius Case Against Alex Mashinsky With Permanent Trading Ban
The CFTC resolved its civil action against Celsius founder Alex Mashinsky, with a consent order imposing a permanent trading and registration ban.
Senate CLARITY Act Faces 3 Blockers With Under 9 Days Until July 4 Recess
Senator Bill Hagerty told FOX Business on June 18 that he still hopes the Digital Asset Market Clarity Act can clear the Senate before the July 4 recess, even while conceding the bill may slip past Independence Day. His optimism lands against a wall of…
CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification
Bitcoin Magazine CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification The CME Group said that it plans to file a lawsuit against the Commodity Futures Trading Commission (CFTC) over the agency’s…
Casinos, Tribes, and Unions Urge Senate to Ban Sports Betting From the Clarity Act
A coalition of more than 50 gaming associations, tribal governments, and labor unions submitted a letter to the Senate on June 16, demanding that the Digital Asset Market Clarity Act include explicit language banning prediction markets from offering…