The president said CFTC Chair Michael Selig is working to bring the geoblocked perpetual futures venue into the US "in a fully compliant and legal fashion," sending HYPE and Hyperliquid Strategies shares up and CME and Cboe down.

The agency approved Kalshi's BTCPERP contract, the first bitcoin perpetual on a registered U.S. exchange, and in a separate action cleared Coinbase to route customers to its offshore Deribit affiliate. Together the moves open an onshore path for a product long pushed abroad and raise the competitive stakes for dominant venues such as Hyperliquid.

The CFTC filed suit against Wisconsin to establish its exclusive regulatory authority over prediction markets, a sector closely tied to crypto and blockchain-based derivatives.

The move would let Polymarket's primary, on-chain prediction market platform operate in the United States, rather than through its current intermediated setup with Polymarket US.

New York AG Letitia James filed suit against Coinbase and Gemini, alleging their prediction market platforms constitute illegal gambling operations lacking state licenses.

The DOJ and CFTC filed to enjoin Arizona's criminal and civil enforcement against prediction market platform Kalshi, arguing federally regulated event contracts fall under CFTC jurisdiction.

The new unit will coordinate policy development and work alongside the SEC's Crypto Task Force.

The popular Solana wallet can now partner with registered exchanges to offer in-app access to derivatives and event contracts without registering as a broker.

The agency issued an advance rulemaking notice and a staff advisory encouraging innovation.

The Chairs of the U.S. CFTC and SEC said they're working together to keep on-chain finance, prediction markets, and perpetuals futures in the country.