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…
SEC Chair Atkins defends CFTC's Selig despite questions over agency's ability to regulate prediction markets
SEC Chair Paul Atkins came to the defense of CFTC Michael Selig as the derivatives agency digs in his heels on regulating prediction markets.
CLARITY Act July 4 Deadline Dead as Ethics and Section 604 Talks Collapse
Bipartisan negotiations on the CLARITY Act fractured on two fronts simultaneously last week. A closed-door ethics session collapsed Tuesday without agreement, and a White House-convened law enforcement meeting on Section 604 ended Wednesday with no…
Kraken launches crypto perps trading in the US on Kraken Pro
Kraken completed its acquisition of the fully CFTC-licensed exchange, clearinghouse, and brokerage Bitnomial in May.
Japan Three Biggest Banks Unite to Launch Yen Crypto Stablecoin by March 2027
MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation have established a formal joint council to develop and co-issue a yen-backed crypto stablecoin by the end of Japan fiscal year 2026, March 2027. The stablecoin will be issued under a trust…
Ripple CEO Accused Jamie Dimon of Lying About CLARITY Act And Called Out $20Bn Reason Why
Ripple CEO Brad Garlinghouse went directly at JPMorgan chief Jamie Dimon on Fox Business Wednesday, accusing him of ‘intentional misrepresentation’ over the CLARITY Act, the pending Senate legislation that would establish a comprehensive…
SEC Plan to Scrap Rule 611 Could Be the Biggest Regulatory Unlock Yet for Crypto Tokenized US Stocks
The SEC just removed the single biggest legal obstacle standing between Crypto DeFi and US equity markets. On June 11, the agency formally proposed to rescind Rule 611 of Regulation NMS, the trade-through prohibition that has governed stock order routing…
CFTC sues New Mexico in latest bid to assert authority over sports betting markets
New Mexico is the next state in the CFTC's crosshairs as the fight continues over regulatory jurisdiction over sports betting.
Former SEC Chair Gensler rejects CFTC claim of authority over prediction market sports betting
Gary Gensler is calling malarkey the claim that the CFTC has jurisdiction over prediction markets, specifically sports bets.
Appeals court rejects Sam Bankman-Fried's bid for new trial in FTX fraud case
Sam Bankman-Fried lost his appeal to overturn his 25-year sentence after accusing the original court of not giving him a fair chance.