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Regulation & Politics

Hyperliquid, Phantom Ask CFTC to Exempt DeFi From Broker Rules
Regulation & Politics

Hyperliquid, Phantom Ask CFTC to Exempt DeFi From Broker Rules

The joint filing asks regulators to turn Phantom's March no-action relief into a formal rule covering all non-custodial wallet providers.
Traders Sue Polymarket, CEO Coplan Over Strategy Market Decision
Regulation & Politics

Traders Sue Polymarket, CEO Coplan Over Strategy Market Decision

Two Polymarket users sued the prediction-market platform, its holding entities and CEO Shayne Coplan in New York state court, alleging the site wrongly resolved a market on whether Strategy would sell Bitcoin. William Wood and Thomas Bush filed the complaint in the Supreme Court of the State of New…
Warren Pushes to Bar Trump Family From Crypto Profits After $1.4B Disclosure
Regulation & Politics

Warren Pushes to Bar Trump Family From Crypto Profits After $1.4B Disclosure

Senator Elizabeth Warren is pushing to add a provision to pending Senate crypto legislation barring President Trump, his family and senior officials from profiting off digital assets, after a disclosure showed his crypto ventures made more than $1.4 billion last year.
Supreme Court Overturns Humphrey's Executor, Clearing Trump to Fire SEC and CFTC Commissioners
Regulation & Politics

Supreme Court Overturns Humphrey's Executor, Clearing Trump to Fire SEC and CFTC Commissioners

The Supreme Court's 6-3 ruling in Trump v. Slaughter overturns a 91-year-old precedent shielding independent agency commissioners from at-will removal, with direct implications for SEC and CFTC leadership as the CLARITY Act nears a floor vote.
SEC Opens 60-Day Comment Period on 'Novel' ETF Rules as Prediction Market Funds Pile Up
Regulation & Politics

SEC Opens 60-Day Comment Period on 'Novel' ETF Rules as Prediction Market Funds Pile Up

The SEC published a formal request for comment on 'Novel ETFs' covering crypto-asset and prediction-market funds, following Chair Paul Atkins' May statement pausing launches for over two dozen pending applications.
CFTC Expands Polymarket Probe to Staged Trades and Fake Wins
Regulation & Politics

CFTC Expands Polymarket Probe to Staged Trades and Fake Wins

The Commodity Futures Trading Commission is conducting a broad investigation into Polymarket covering staged trades and fake winning bets, Bloomberg reported Friday, advancing the agency’s scrutiny beyond the platform’s prior influencer scheme.
17 Democratic Senators Seek to Bar CFTC From Funding Prediction-Market State Lawsuits
Regulation & Politics

17 Democratic Senators Seek to Bar CFTC From Funding Prediction-Market State Lawsuits

Seventeen Democratic senators are urging the Senate Appropriations Subcommittee to include a rider in the FY2027 spending bill that would prohibit the CFTC from using any federal funds to sue states over prediction-market regulation, escalating a multi-front jurisdictional battle spanning nine states and tribal gaming authorities.
Bipartisan Senators Ask CFTC Chair Whether Agency Is Investigating Polymarket's Fake-Bet Campaign
Regulation & Politics

Bipartisan Senators Ask CFTC Chair Whether Agency Is Investigating Polymarket's Fake-Bet Campaign

Senators Adam Schiff and John Curtis sent a letter to CFTC Chair Michael Selig Thursday asking whether the agency is investigating Polymarket's paid influencer scheme, putting the regulator in a bind over a platform it licenses but whose staged trades ran on an offshore site beyond its direct reach.
Trump Blocks Housing Bill Signing Over Voter ID Demand, Putting CBDC Ban in Limbo
Regulation & Politics

Trump Blocks Housing Bill Signing Over Voter ID Demand, Putting CBDC Ban in Limbo

President Trump canceled the signing ceremony for the 21st Century ROAD to Housing Act, which includes a statutory ban on a Federal Reserve-issued CBDC through 2030, demanding Congress first pass the SAVE America Act voter-ID legislation. The housing bill passed both chambers with veto-proof margins and may become law automatically.
Binance Tells EU Users It Will Wind Down Services as MiCA Deadline Hits
Regulation & Politics

Binance Tells EU Users It Will Wind Down Services as MiCA Deadline Hits

Binance has begun notifying European Union customers it will restrict services after withdrawing its Greek MiCA application, realizing the EU-exit risk that surfaced earlier this month as the bloc's July 1 enforcement deadline nears.