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Regulation & Politics

KelpDAO Files BC Civil Claim Against LayerZero
Regulation & Politics

KelpDAO Files BC Civil Claim Against LayerZero

LayerZero CEO Bryan Pellegrino says he is also named in the claim and calls it 'meritless,' promising to defend himself in Vancouver.
New York Sues Polymarket US Over Unlicensed Gambling
Regulation & Politics

New York Sues Polymarket US Over Unlicensed Gambling

Attorney General Letitia James asks a Manhattan court to shut the CFTC-designated exchange out of the state, award three times its gains, and impose $100,000 for each sports contract it offered.
SEC’s Peirce Urges Zero-Knowledge Proofs to Reduce KYC Data Collection
Regulation & Politics

SEC’s Peirce Urges Zero-Knowledge Proofs to Reduce KYC Data Collection

Peirce also wants institutions to reuse identity checks rather than repeatedly store customer details. Her privacy proposals do not change existing compliance rules.
Trump Administration Weighs Overseas Stablecoin Push: Report
Regulation & Politics

Trump Administration Weighs Overseas Stablecoin Push: Report

Treasury, State and DFC could participate in public-private ventures aimed at strengthening the dollar and demand for US debt.
SEC
Regulation & Politics

a16z And DeFi Education Fund Ask SEC To Put DEXs Outside Exchange Registration

The two groups submitted a joint proposal to Commissioner Hester Peirce for a safe harbor that would create a rebuttable presumption that decentralized exchange protocols and their front-ends are not exchanges under the Exchange Act. a16z filed a second letter the same day asking the SEC to build a registration regime for centralized crypto trading platforms modeled on the 1998 alternative trading system rules. Both letters are dated Sept. 14, three days before the SEC issued its Innovation Exemption for tokenized stock venues.
Fairshake Plans $30 Million Ad Blitz Against Sherrod Brown in Ohio
Regulation & Politics

Fairshake Plans $30 Million Ad Blitz Against Sherrod Brown in Ohio

The super PAC’s biggest 2026 commitment follows a failed 49-50 cloture vote on CLARITY; Brown could return to the top Democratic post on Senate Banking.
CFTC
Regulation & Politics

CFTC Files Crypto Market Rulemaking With White House at Prerule Stage

The Office of Information and Regulatory Affairs received RIN 3038-AF80, "Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets," from the CFTC on Sept. 17, two days after the Senate blocked the CLARITY Act. OIRA lists the filing at the prerule stage, not as a proposed rule. Executive Order 12866 gives OIRA 10 working days to review preliminary actions, against 90 days for proposed and final rules. It is the only CFTC action pending White House review, and Michael Selig is the agency's only sitting commissioner.
SEC
Regulation & Politics

SEC Clears Tokenized Stocks To Trade Onchain As CFTC Widens Software Relief

The Securities and Exchange Commission issued a five-year conditional exemption on Thursday letting tokenized National Market System (NMS) stock trade on permissioned automated market makers (AMMs), and Commodity Futures Trading Commission staff opened introducing-broker relief to passive software providers across the industry the same morning. Both actions came two days after the Senate blocked the CLARITY Act and a day after the two chairmen said they would write crypto rules without it. Uniswap's token rose 19.8% over 24 hours.
CFTC
Regulation & Politics

SEC and CFTC Chairmen Say They Will Write Crypto Rules Without CLARITY Act

Michael Selig said the CFTC is "locked in and ready to ship its rules for the new frontier of finance." Paul Atkins said the SEC will "act decisively within the SEC's statutory authority." Both posted the statements to X on Wednesday, within two hours of each other, the day after the Senate blocked the market structure bill. The SEC has a crypto offering rule out for comment until Oct. 20. The CFTC has not proposed one.
CLARITY Act
Regulation & Politics

Crypto Industry Points to SEC and CFTC After CLARITY Setback

Trade groups and executives responded to the Senate blocking the CLARITY Act by pointing at agency rulemaking, saying the SEC and the CFTC can keep writing crypto rules without the bill. Several framed the loss as one of permanence, since a future agency chair can rewrite a rule and repealing a statute takes another act of Congress. Mark Warner, one of the seven Democrats who negotiated the bill, said the president's ability to profit from crypto was what made it impossible for him to vote yes.