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Regulation & Politics

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.
Lummis Sets July as Senate Floor Deadline for Clarity Act, Tells Dimon to Read the Bill
Regulation & Politics

Lummis Sets July as Senate Floor Deadline for Clarity Act, Tells Dimon to Read the Bill

Senator Cynthia Lummis announced Wednesday that the Digital Asset Market Clarity Act will reach the Senate floor in July, the first public floor-date commitment from the bill's lead sponsor. Lummis made the statement on Fox Business and challenged JPMorgan CEO Jamie Dimon to review the bill over the July 4 recess.
Binance Withdraws Greece MiCA Application, Targets New EU Jurisdiction Before July Deadline
Regulation & Politics

Binance Withdraws Greece MiCA Application, Targets New EU Jurisdiction Before July Deadline

Binance has confirmed it is withdrawing its MiCA license application in Greece and will seek authorization in a different EU member state, with the July 1 wind-down deadline for unlicensed crypto firms days away. The target jurisdiction remains undisclosed.
CFTC Sues Kentucky, Making It the Ninth State in Prediction-Market Jurisdiction Fight
Regulation & Politics

CFTC Sues Kentucky, Making It the Ninth State in Prediction-Market Jurisdiction Fight

The CFTC filed suit against Kentucky on Monday after the state sued prediction-market operators Kalshi and Polymarket for operating without gaming licenses, making Kentucky the ninth state to face federal litigation over who controls event-contract regulation.