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Regulation & Politics

Congress Strikes Housing-Bill Deal That Bans Fed CBDC Through 2030
Regulation & Politics

Congress Strikes Housing-Bill Deal That Bans Fed CBDC Through 2030

Congressional negotiators folded a statutory ban on a Federal Reserve central bank digital currency into the bipartisan 21st Century ROAD to Housing Act, blocking any Fed-issued retail digital dollar until December 31, 2030. The text now heads back to the Senate floor.
Gaming Industry, Tribes and Unions Press Senate to Ban Sports Prediction Markets in Crypto Bill
Regulation & Politics

Gaming Industry, Tribes and Unions Press Senate to Ban Sports Prediction Markets in Crypto Bill

The American Gaming Association, the Indian Gaming Association, and two hospitality unions are pressing senators to insert sports-betting carve-out language into the CLARITY Act, the crypto market-structure bill moving through Congress. The push targets Kalshi and Polymarket.
Illinois Enacts the Strictest Digital-Asset Tax in the US as Industry Group Urges Veto
Regulation & Politics

Illinois Enacts the Strictest Digital-Asset Tax in the US as Industry Group Urges Veto

Illinois Governor JB Pritzker has signed SB 3019, the Digital Asset Privilege Tax Act, making the state the first in the country to impose a transaction-based tax on everyday digital-asset activity. The Crypto Council for Innovation is pushing for a line-item veto of Article 3.
Collector Crypt Fees Jump 129% in a Week as Solflare Brings Card-Pack Trading Into the Wallet
Regulation & Politics

Collector Crypt Fees Jump 129% in a Week as Solflare Brings Card-Pack Trading Into the Wallet

Collector Crypt, the Solana-native platform for tokenized graded trading cards, posted a 129% week-over-week jump in fee revenue to $3.86 million as the Solflare wallet embedded its gacha card-pack mechanic for four million monthly active users.
Binance Could Face EU Exit as Reports Say Greek Regulator is Set to Reject MiCA License
Regulation & Politics

Binance Could Face EU Exit as Reports Say Greek Regulator is Set to Reject MiCA License

Greece's Hellenic Capital Market Commission appears set to reject Binance's MiCA license application, putting the world's largest crypto exchange on course to lose EU client access on July 1. Binance disputes the account and says its application was considered compliant, promising an update before June 30.
Coinbase CEO Armstrong Calls Accredited-Investor Rules a 'Regressive Tax'
Regulation & Politics

Coinbase CEO Armstrong Calls Accredited-Investor Rules a 'Regressive Tax'

Coinbase CEO Brian Armstrong called Monday for an overhaul of the U.S. accredited-investor framework, arguing that wealth-based gatekeeping concentrates private-market gains among the already wealthy. He proposed replacing the net worth and income test with a financial literacy exam, or removing the requirement entirely.
CFTC Sues New Mexico to Block State Gaming Laws From Reaching Federally Regulated Prediction Markets
Regulation & Politics

CFTC Sues New Mexico to Block State Gaming Laws From Reaching Federally Regulated Prediction Markets

The federal derivatives regulator filed suit Thursday in federal court seeking to bar New Mexico from enforcing state gaming laws against CFTC-registered prediction-market exchanges, making New Mexico the eighth state to face federal litigation over the question of exclusive jurisdiction.
Gensler Files Brief Arguing Sports Prediction Markets Fall Outside CFTC Swap Rules
Regulation & Politics

Gensler Files Brief Arguing Sports Prediction Markets Fall Outside CFTC Swap Rules

Former CFTC and SEC chair Gary Gensler filed an amicus brief with the Sixth Circuit arguing that sports-event prediction markets are not swaps under Dodd-Frank, directly contradicting the CFTC's own position in the KalshiEX v. Ohio appeal.
Second Circuit Affirms SBF’s Fraud Conviction and 25-Year Sentence
Regulation & Politics

Second Circuit Affirms SBF’s Fraud Conviction and 25-Year Sentence

A three-judge Second Circuit panel affirmed Sam Bankman-Fried’s conviction on seven counts of fraud and conspiracy, along with his 25-year prison sentence, closing his primary legal path to overturning the 2023 verdict.
Delaware and New Jersey Move to Ban Crypto ATMs Over Fraud Concerns
Regulation & Politics

Delaware and New Jersey Move to Ban Crypto ATMs Over Fraud Concerns

Delaware and New Jersey each advanced bills this week to ban cryptocurrency ATMs statewide, citing over $400 million in annual nationwide fraud losses and a scam pattern that disproportionately targets older residents.