Topic
regulation
61 stories
CFTC declares a market emergency at Kalshi's request — and orders the exchange to keep trading
The CFTC invoked emergency authority on August 11 to order Kalshi to keep operating, twelve days after New York's attorney general sued to bar the exchange's event contracts nationwide and sought more than $36 billion.
CFTC sues Goliath Ventures and its CEO over alleged $397 million crypto Ponzi scheme
The CFTC filed a civil complaint in Florida federal court alleging Goliath Ventures and CEO Christopher Delgado ran a Ponzi scheme that took at least $397 million from roughly 1,600 customers.
Coinbase says it has an Abu Dhabi licence for tokenized securities
Coinbase says Abu Dhabi's FSRA granted it a Financial Services Permission to arrange deals in and custody tokenized securities, making the emirate its international tokenization base.
CFTC sets Aug. 20 for the first meeting of its Innovation Advisory Committee — agenda and membership still undisclosed
The CFTC will convene the first meeting of its Innovation Advisory Committee at 1 p.m. on Aug. 20 in Washington, though the agency has not published an agenda or a membership roster.
Robinhood turns on UK crypto via Bitstamp, with a "zero-fee" label that has an FX fee attached
Robinhood switched on crypto trading for eligible UK customers this week, routing more than 50 tokens through FCA-registered Bitstamp UK, as its own crypto revenue fell 38% year over year and prediction markets overtook it.
Judge to Coinbase on prediction-market preemption: 'applesauce'
A federal judge in Michigan refused to shield Coinbase from state gambling enforcement over sports event contracts, calling the exchange's federal-preemption arguments "applesauce.
Senate punts Clarity Act vote to September, leaving a three-week window before the midterms swallow the calendar
Senate Majority Leader John Thune told The Block the chamber will not take a procedural vote on the Clarity Act until lawmakers return from recess in mid-September.
Clarity Act vote slips to September as Senate leaves for recess
Senate Majority Leader John Thune says the Senate will not vote on the Clarity Act before its August recess, pushing the crypto market structure bill's procedural vote to mid-September.
Coinbase opens 24/5 US stock trading to UK users, with Apex holding the shares
Coinbase began rolling out zero-commission trading in nearly 4,000 US stocks to eligible UK users on Aug. 6, with shares custodied by Apex Clearing and orders routed through its US broker-dealer.
SEC builds a dedicated accounting-fraud unit — with no headcount, no budget, and no mention of digital assets
The SEC created a Financial Reporting and Accounting Unit inside its Enforcement Division on August 5, 2026, led by Timothy Zimmerman, with no headcount, budget or effective date disclosed.
Crypto lobby and sheriffs' group trade letters over Clarity Act's DeFi carve-out, with days left before recess
The Blockchain Association wrote to Senate leaders on Monday disputing the National Sheriffs' Association's claim that the Clarity Act would exempt DeFi from anti-money-laundering rules, days before an August recess.
Bithumb sets 2028 IPO date, with a 2027 filing and an accounting overhaul in between
Bithumb says it will file for a preliminary listing review in 2027 and complete an IPO in 2028, three years after its original target, following a promotional payout error that drew a regulatory probe.
Circle picks up a New York trust charter — while the reserve job its federal bank was pitched for stays deferred
Circle said Friday it won a limited-purpose trust charter from New York's financial regulator, three weeks after OCC approval of a national trust bank whose USDC reserve role is deferred.
The Clarity Act's last week before recess comes down to one paragraph on ethics
Senators Thom Tillis and Ruben Gallego sent fresh ethics language to the White House on July 30 as prediction-market odds on the Clarity Act passing by year-end fell to 26–37%, the lowest of 2026.
CFTC fines George Santos $35,000 for trading an event contract on whether he would show up to the State of the Union
The CFTC settled with former Rep. George Santos on July 31 over trades in a Kalshi event contract on his own State of the Union attendance, imposing disgorgement, a penalty and a three-year trading ban.
Russia's central bank floats capital rules for crypto custodians ahead of September framework
The Bank of Russia published draft rules requiring crypto "digital depositories" to hold between 50 million and 250 million rubles in liquid capital, ahead of a national crypto framework due to take full effect by September 2026.
Hong Kong's regulator scores its banks 2.3 out of 10 on quantum readiness
Hong Kong's central bank scored its banking sector 2.3 out of 10 on a new quantum-readiness index, with roughly half of surveyed banks yet to formalize any post-quantum cryptography plan.
NY Attorney General James tells Senate the CLARITY Act would 'dilute' states' power to prosecute crypto fraud
New York AG Letitia James told a Senate subcommittee the CLARITY Act would preempt state investor-protection laws and weaken fraud prosecution, as backers push for a Senate floor vote before the August recess.
CFTC tells prediction markets to stop filing cookie-cutter event contracts
The CFTC issued a second advisory in recent months warning prediction-market operators like Kalshi and Polymarket to stop filing broad, template-style event-contract self-certifications instead of detailing each product.
CFTC staff extends dormancy relief for Kraken's rebranded futures exchange
The CFTC's Division of Market Oversight granted Kraken Derivatives Exchange — the futures venue formerly known as Small Exchange — a time-limited extension of earlier no-action relief tied to dormancy procedures.
CFTC tells exchanges to stop bundling event contracts into one catch-all filing
The CFTC's Division of Market Oversight told exchanges on July 24, 2026 to stop filing broad, template-style self-certifications that bundle many event-contract variations into a single filing, saying the practice blocks proper review.
CFTC buys itself another month on 24/7 futures and energy "perpetuals"
The CFTC pushed its public-comment deadline back 30 days to August 26, 2026, on whether to permit 24/7 trading of standard energy futures and to list perpetual contracts referencing physical or storable energy commodities.
SEC Sets September 17 Roundtable on 24-Hour Stock Trading
The SEC said it will hold a public roundtable on September 17, 2026 to discuss preparations for round-the-clock trading in U.S. equity markets, with agenda and panelists still to come.
SEC Sets September Roundtable on 24-Hour Equity Trading
The SEC will hold a public roundtable on September 17, 2026, to weigh moving U.S. equity markets toward around-the-clock trading, and is taking public comment under File No. 4-913.
Peirce weighs in on crypto vaults and onchain lending — as a commissioner, not the Commission
SEC Commissioner Hester Peirce published a personal statement on crypto vaults and onchain lending strategies on July 22, addressing how DeFi "curator" roles fit existing securities law.
SEC's No. 2 Enforcement Official Sam Waldon to Depart July 31
The SEC said Sam Waldon, its Principal Deputy Director of Enforcement, will leave the agency on July 31 after 14 years; Osman Nawaz, who rejoined last month, will replace him.
Trump signs off on crypto ethics language — then hands enforcement to the DOJ, and Democrats balk
President Trump agreed to ethics language barring federal officials from issuing digital assets, but a fight over whether the DOJ or state attorneys general enforce it now threatens the Clarity Act before the Senate's August 7 recess.
Russia's Duma clears bill letting ordinary investors buy crypto — with a 300,000-ruble annual leash
Russia's State Duma passed a bill Tuesday putting crypto trading under state oversight and letting retail investors buy major tokens through registered intermediaries, capped at 300,000 rubles a year each.
CLARITY Act's odds hit a record low on Polymarket as Senate ethics fight drags
Polymarket traders now give the CLARITY Act just a 32% chance of becoming law this year — a record low — as Senate talks stall over a bipartisan ethics provision.
CFTC Ends Routine Large-Trader Position Reporting for Physical Commodity Swaps
The CFTC issued a final order ending Part 20's routine daily and event-based position reports for physical commodity swaps, while keeping recordkeeping and special-call powers in place.
Trump Media to sell traders an early peek at Trump's Truth Social posts
Trump Media said it will sell trading firms millisecond-early access to Truth Social posts, including President Trump's, as a legal ethics expert called the plan "brazen corruption.
SEC proposes making electronic delivery the default for investor disclosures
The SEC voted to propose Regulation E-Delivery on July 16, 2026, a rule letting issuers, broker-dealers and advisers default to electronic rather than paper delivery of required disclosures; it now heads to public comment.
Senate votes unanimously against a Bankman-Fried pardon
The U.S. Senate passed a resolution by unanimous consent declaring that convicted FTX founder Sam Bankman-Fried should receive no presidential pardon or commutation.
CFTC Overrides Michigan Court, Orders Kalshi to Settle Cancelled Trades
The CFTC on July 14 stayed a KalshiEX emergency rule change and invoked emergency authority to force the exchange to settle trades a Michigan court had ordered cancelled, escalating a national fight over who regulates prediction markets.
UK Defers Capital Gains Tax on Crypto Lending and Liquidity Pools From April 2027
HM Revenue & Customs will treat crypto lending and liquidity-pool deposits as "no gain, no loss," deferring Capital Gains Tax until an economic disposal, from 6 April 2027.
CFTC Freezes CME's Bid to Launch 24/7 Crude Oil Futures Trading
The CFTC on July 9 froze CME's self-certified contract that would have launched 24/7 crude oil futures trading as early as July 10, saying the exchange bypassed an open review of round-the-clock trading.
CFTC's Selig presses Senate on Clarity Act, warns regulators will fill the vacuum
CFTC Chair Michael Selig urged the Senate to pass the crypto market-structure Clarity Act before its August recess, warning that regulators would otherwise set the rules by default after Congress missed a July 4 target.
SEC to hold July 13 roundtable on reworking the IPO process
The SEC will livestream a July 13 roundtable on overhauling the IPO process and making it easier for companies to go and stay public, its small-business advocate and Corporation Finance division announced July 8.
Gemini adds 0% stock trading, pitches itself as a financial "super app"
Gemini launched zero-commission US stock trading on July 7, positioning itself as an "all-in-one financial super app" while still posting a $109 million quarterly net loss.
Vanguard, long crypto's loudest skeptic, advertises for a head of digital assets
Vanguard has posted a job ad for a head of digital assets to build a multi-year crypto strategy and represent the firm with regulators — a shift for a manager that once called Bitcoin an "immature asset class.
U.S. bitcoin reserve still on the drawing board 16 months after Trump ordered it
Sixteen months after Trump's executive order, the White House says it is still evaluating whether Treasury or Commerce should house a U.S. bitcoin reserve, and Congress has passed no law to back it.
SEC's Atkins declares the end of 'regulation by enforcement' — but the post is a slogan, not a docket
SEC Chairman Paul Atkins said the agency has ended the "regulation by enforcement" era and refocused on investor-protection cases — a statement of posture, posted with no case numbers or specifics attached.
U.S. wallets traded $571M on Polymarket's political markets — despite being banned from the platform
On-chain analysis firm Allium found U.S.-linked wallets traded about $571 million on Polymarket's political markets over the past year — the largest national share — despite the platform being barred from serving American users.
UK regulator proposes halving stablecoin capital buffer to 1%, below EU's MiCA
The UK's FCA proposed halving stablecoin issuers' capital buffer to 1% of coins in circulation, below the EU's 2% MiCA rule, days after the Bank of England dropped its planned holding cap.
SEC's Atkins marks a year of "historic steps" on crypto — without naming one
SEC Chairman Paul Atkins posted a video statement on July 2 claiming a year of "historic steps" to modernize crypto rules, but named no specific rule, action, or timeline.
Illinois passes a 0.2% crypto transaction tax; CFTC chair calls it planning "from an ivory tower"
CFTC Chair Michael Selig publicly attacked Illinois over its new 0.2% tax on crypto transactions, which was signed into law last month and takes effect in January 2027.
Coinbase Says It Won Conditional OCC Approval for a National Trust Charter
Coinbase says it won conditional OCC approval to charter a national trust company for its crypto custody business, stressing it won't take deposits or become a bank.
Ethereum Foundation pitches itself to governments as "neutral" public infrastructure
The Ethereum Foundation published a non-technical policy guide urging governments to treat decentralized public blockchains as neutral infrastructure for identity, records and tokenization — while pitching Ethereum over rivals.
CFTC Opens a Rules Review, Inviting the Public to Name What Should Go
The CFTC opened a Request for Information on June 16 asking the public to flag rules, guidance, and no-action letters it should reconsider to ease competition for fintech firms.
CFTC Opens Comment Period on 24/7 Futures and Energy 'Perpetual' Contracts
The CFTC on June 22 opened a public comment period on letting standard futures trade around the clock and on introducing perpetual futures tied to physically delivered or storable energy commodities.
CFTC Sues Kentucky, Claiming State Is Trying to Shut Down Markets It Doesn't Regulate
The CFTC filed suit against Kentucky on June 23, 2026, seeking to stop the state from using its own laws to shut down federally registered contract markets, which the agency says fall under its exclusive jurisdiction.
CFTC proposes new data-reporting rules for event contracts, opens public comment
The CFTC published a proposed rule on June 25 seeking public comment on new data-reporting requirements for certain event contracts, amending Parts 15, 16, and 17 of its regulations.
CFTC hits two offshore firms with $2.5M over illegal leveraged retail trades
The CFTC on June 29 ordered offshore firms Netrios LP Ltd. and Red Acre Ltd. to pay $2.5 million combined for illegally offering leveraged or margined retail commodity transactions to U.S. customers off-exchange.
SEC and CFTC Ask the Public Three More Questions About Harmonizing Derivatives Rules — and Propose Nothing
Over two weeks in June 2026, the SEC and CFTC issued three joint requests for public comment on harmonizing derivatives rules — product definitions, data reporting and portfolio margining — but proposed no actual rules.
CFTC Clears Path for Exchanges to Convert Crypto "Perp-Style" Futures into True Perpetuals — But the Relief Has Already Lapsed
The CFTC's Division of Market Oversight issued a no-action letter allowing registered exchanges to strip expiration dates from digital-commodity futures and create true perpetuals, but the relief expired June 30.
CFTC Opens 21-Day Comment Window on Fintech Rules It Says May "Unduly Impede" Firm Partnerships
The CFTC issued a Request for Information seeking public input on which of its own rules may impede fintech partnerships, acting under Trump's Executive Order 14405 without naming any specific target.
CFTC Escalates Multi-State War Over Prediction Markets, Suing Kentucky and New Mexico to Assert Exclusive Federal Jurisdiction
The CFTC has gone on the offensive, suing New Mexico and Kentucky in federal court to assert exclusive federal jurisdiction over prediction markets like Kalshi against state gaming laws.
SEC Opens a 60-Day Comment Window on "Novel" ETFs — Without Once Saying "Crypto"
The SEC issued a June 30 request for 60 days of public comment on ETFs holding "innovative asset classes," while naming no specific asset and changing no rules.
CFTC moves to replace its 2017 prediction-market "band-aids" with actual rules
The CFTC issued two June rulemaking proposals to replace nine years of informal no-action letters governing prediction markets with formal rules on reporting and on vetting sports and gaming contracts for the public interest.
Trump's 2025 Disclosure Shows Crypto Became His Biggest Business — Well Over $800M Booked, Filings Suggest $1B+
Trump's 2025 financial disclosure, released June 30, itemizes hundreds of millions in crypto income from a memecoin and his family's DeFi venture, with reported totals ranging from well over $800 million to more than $1 billion.
SEC opens 60-day comment period on reworking ETF rules, with crypto funds in the frame
The SEC has opened a 60-day public comment period on reworking its fast-track ETF listing rules, asking whether funds holding non-securities such as crypto can qualify as investment companies.