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CFTC Proposes Explicit Swap Status for Event Contracts

CFTC Proposes Explicit Swap Status for Event Contracts

The agency says existing exchange and trader duties would stay intact, while a separate rule excludes qualifying casino-style wagers.

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CFTC Proposes Explicit Swap Status for Event Contracts

CFTC Proposes Explicit Swap Status for Event Contracts

The agency says existing exchange and trader duties would stay intact, while a separate rule excludes qualifying casino-style wagers.
CFTC Excludes Casino-Style Wagers From Swap Definition

CFTC Excludes Casino-Style Wagers From Swap Definition

The agency bypassed a proposal, citing threats to prediction markets, but says the measure changes no existing compliance obligations.
Kyrgyzstan Winds Down Gold-Backed USDKG After UK Sanctions

Kyrgyzstan Winds Down Gold-Backed USDKG After UK Sanctions

Holders can request fiat or USDT as the project prepares to retire its tokens, but the shutdown documents leave the gold reserves’ disposition unspecified.
Conduit Sues Tether Over $2.76 Million in Frozen USDT

Conduit Sues Tether Over $2.76 Million in Frozen USDT

The payments firm seeks a court order restoring access to its treasury wallet, saying the loss of working capital has slowed client settlements.
CFTC Staff Clears Fast Track for Stock-Index Perpetual Conversions

CFTC Staff Clears Fast Track for Stock-Index Perpetual Conversions

Exchanges must give position holders five calendar days' notice and a chance to exit, while leaving other material contract terms unchanged.
CFTC Seeks Comment on Crypto Rulebook That Leaves Spot Exchanges to the States

CFTC Seeks Comment on Crypto Rulebook That Leaves Spot Exchanges to the States

The Commodity Futures Trading Commission published an Advanced Notice of Proposed Rulemaking covering retail crypto trading on margin, leverage or financing, and a new exchange registration category built for it. Chairman Michael Selig called it a federal option rather than a mandate. The notice would also codify delivery to a user's own non-custodial wallet within 28 days as an exception to on-exchange trading
Treasury Drops Crypto Wallet Surveillance Rules

Treasury Drops Crypto Wallet Surveillance Rules

FinCEN withdrew the 2020 unhosted wallet reporting proposal and its 2023 finding that crypto mixing is a primary money laundering concern. The agency said it will keep monitoring mixers and may act again
Illinois Agrees to Six-Month Crypto Tax Delay, Subject to Court Approval

Illinois Agrees to Six-Month Crypto Tax Delay, Subject to Court Approval

The levy would charge customers on asset value rather than gains, with draft rules covering paid custody, transfers and stablecoin settlement.
Circle Urges EU to Replace Stablecoin Bank-Deposit Mandates

Circle Urges EU to Replace Stablecoin Bank-Deposit Mandates

The USDC issuer also wants to preserve cross-border co-issuance and create a recognition route for foreign stablecoins, while central banks demand stronger safeguards.
SEC Proposes Crypto Self-Custody Route for Investment Advisers

SEC Proposes Crypto Self-Custody Route for Investment Advisers

The proposal also sets conditions for state trust company custody, with public comments due 60 days after Federal Register publication.