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

UK Court Rules Chinese Law Governs Victims’ Claims to 61,000 Bitcoin
The roughly $5.1 billion holding remains contested after victims lost their bid to rely on English law to establish ownership.

Kalshi Probes Bets on Trump’s Press Secretary Pick, WSJ Reports
Three wagers costing about $19, $74 and $80 preceded reports of Katie Zacharia’s selection. The contract has settled Yes, but individual withdrawal restrictions remain unclear.
Free newsletters
The Defiant Daily
Independent reporting on crypto and DeFi. The stories that matter, in your inbox.
Monday–Friday. Free. Unsubscribe anytime.
Advertisement
Videos
Recent articles

UK Court Rules Chinese Law Governs Victims’ Claims to 61,000 Bitcoin
The roughly $5.1 billion holding remains contested after victims lost their bid to rely on English law to establish ownership.

Kalshi Probes Bets on Trump’s Press Secretary Pick, WSJ Reports
Three wagers costing about $19, $74 and $80 preceded reports of Katie Zacharia’s selection. The contract has settled Yes, but individual withdrawal restrictions remain unclear.

Mashinsky Accepts Lifetime Industry Ban and Up to $35 Million in Conditional Payments
The New York settlement ties the money to federal forfeiture and prison-sentence conditions, adding to existing FTC and CFTC restrictions.

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.

Hyperliquid Confirms Singapore Base but Says It Has No MAS License
The FT reports that people familiar with MAS's thinking consider the decentralized venue outside its jurisdiction. Singapore's rules distinguish crypto derivatives on approved exchanges from those offered elsewhere.

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.

DOJ Presses Roman Storm Case as FinCEN Drops Mixer Proposal
A new filing targets Storm’s venue challenge, while his acquittal motion remains pending and a retrial is scheduled for April 26, 2027.

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
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
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


