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US appeals court upholds preventing New Jersey enforcement against Kalshi
As states seek to regulate prediction markets, a panel of federal judges ruled in favor of Kalshi’s position that only the CFTC has jurisdiction.
Trump advisory council draws Coinbase co-founder, tech leaders
The council, co-chaired by White House AI and crypto czar David Sacks and science advisor Michael Kratsios, include Mark Zuckberg, Larry Ellison and Jensen Huang.
CFTC issues 'no-action' letter for crypto wallet provider Phantom
The no-action position taken by the US regulator under Chair Michael Selig will allow the company to engage in certain activities without registering as a broker.
US lawmakers introduce bill to crack down on prediction markets war bets
The BETS OFF Act from two Democratic lawmakers came in response to several “highly unusual bets” on the US-Israel conflict with Iran, suggesting insider information.
SEC will consider most crypto assets not securities under federal law
The interpretative notice included information on token taxonomy and what digital assets the regulator would consider a security under federal law.
US Senate leader doesn’t expect market structure to pass before April: Report
Senator John Thune reportedly said that the chamber would prioritize the SAVE America Act before addressing a vote on bipartisan bills like crypto market structure.
UK government‘s long-term fraud strategy labels crypto as ‘growing risk‘
A policy paper from the UK government's Home Office said that “vulnerabilities remain” in authorities' attempts to fight fraud in emerging payments, including digital assets.
Crypto companies contribute $21M to Trump PAC ahead of US midterms
The Gemini Trust Company and parent company of Crypto.com sent millions of dollars to the Trump-supporting PAC in September and October.
Crypto lawyer signals challenge to NY AG with 'lawfare' message
Letitia James, who holds New York state’s top law enforcement position, has come under scrutiny from some, claiming she was engaging in “lawfare” against the crypto industry.
First crypto bill vote fails to get 100% Republican support despite Trump’s call
Republicans are still planning to pass three pieces of crypto-related legislation, but a majority of members in the House voted against a resolution to consider the bills.
Turner Wright
Turner Wright
