Regulation & Politics
Examining the laws, guidelines, and policies governing the operation of cryptocurrencies, blockchain technology, and financial services.
Top Stories

SEC Proposes Transfer Agent Rules for Blockchain-Based Share Records
The proposal would update electronic recordkeeping rules and add risk-management and compliance requirements for registered transfer agents using blockchain systems.

Ninth Circuit Says Kalshi Sports Contracts Aren’t Swaps, Splitting With Third Circuit
The panel affirmed the dissolution of Kalshi’s Nevada injunction after finding no likely federal preemption, reaching the opposite preliminary conclusion from the Third Circuit.
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Recent articles

SEC Proposes Transfer Agent Rules for Blockchain-Based Share Records
The proposal would update electronic recordkeeping rules and add risk-management and compliance requirements for registered transfer agents using blockchain systems.

Ninth Circuit Says Kalshi Sports Contracts Aren’t Swaps, Splitting With Third Circuit
The panel affirmed the dissolution of Kalshi’s Nevada injunction after finding no likely federal preemption, reaching the opposite preliminary conclusion from the Third Circuit.

SEC Crypto Custody Rewrite Enters White House Review
The planned rule would cover advisers and investment companies and clarify digital-asset custody, following the withdrawal of a separate 2023 proposal.

Trump Says CFTC Working to Onshore Hyperliquid
The president said CFTC Chair Michael Selig is working to bring the geoblocked perpetual futures venue into the US "in a fully compliant and legal fashion," sending HYPE and Hyperliquid Strategies shares up and CME and Cboe down.
SEC Proposes Token Offering Rules With $75 Million Exemption
The proposal pairs two registration exemptions with a conditional safe harbor that would take the "investment contract" label off a token, and preempts state securities law. All three sitting commissioners backed it in a vote held outside a public meeting.

SEC Advances Tokenized-Securities Exemption That Could Enable 24/7 Trading
Atkins says the framework would support compliant onchain trading while long-term rules are developed; Friday's scheduled Commission consideration covers a separate offering proposal.

CFTC Sues Goliath Ventures Over Alleged $397M DeFi Liquidity Pool Ponzi
The complaint says $87 million went to Ponzi payments, $174 million to recruiter commissions and $48 million to CEO Christopher Delgado's personal spending, with recoveries for roughly 1,600 customers now running through a bankruptcy estate.

US Sanctions Iranian Marine Insurers Taking Bitcoin for Strait of Hormuz Passage
Treasury says HormuzSafe, developed by Iran's Ministry of Economy, accepted digital assets to fund an IRGC-backed 'extortion' scheme targeting commercial shipping.

Franklin Templeton Backs CLARITY Act as Wall Street Coalition Grows
The $1.79 trillion asset manager joins BlackRock, Fidelity and Goldman Sachs in backing the crypto market-structure bill as senators review updated Senate text.

Securitize Registers Capital Affiliate as SEC Investment Adviser
Securitize Capital's registration took effect July 22, SEC records show, adding an advisory license to the tokenization firm's U.S. regulatory lineup three weeks after its NYSE debut.