The new federal framework was proposed by the US Commodity Futures Trading Commission for crypto exchanges that offer leveraged trading to retail customers. The move could give US crypto platforms a clearer route to federal oversight at a time when the country still lacks a broad crypto market law. CFTC Chairman Michael S. Selig announced […]
The failure of the CLARITY Act in the US Senate on September 15 hasn’t deterred the two largest local regulators from trying to clear the air on crypto regulation in the country, with the Securities and Exchange Commission now issuing fresh staff guidance addressing several long-running questions. The new set of FAQs focuses heavily on […]
The Federal Reserve has proposed two rules to help establish oversight for stablecoin issuers under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The proposals were announced by the central bank on Thursday and opened for public comment. Stricter Stablecoin Oversight The first proposal would require payment stablecoin issuers supervised by the […]
Coinbase CEO Brian Armstrong believes the US Senate’s failure to advance the CLARITY Act could benefit his exchange by keeping major Wall Street firms from entering the crypto market under clearer rules. The crypto executive still argued that the legislation would have helped the wider industry, even as he acknowledged that Coinbase could face less […]
Fresh moves from the two largest regulators in the United States suggest the local crypto industry is still advancing on the regulatory front even without Congress. The CFTC’s move coincided with the broader market’s price resurgence on Friday, leading to the question of whether BTC and the alts jumped because of regulatory developments. SEC and […]
Senate Republicans have released updated CLARITY Act text ahead of the September 15 procedural vote, adding new rules for non-decentralized DeFi protocols and clarifying how credit unions can deal in crypto. The changes reflect weeks of negotiation over the August recess, but they leave untouched the ethics provisions that have stalled Democratic support for the […]
Coinbase CEO Brian Armstrong expects US crypto regulation to move forward by mid-September, either through a Senate vote or new SEC and CFTC rules. His comments came after a White House meeting with President Donald Trump and crypto executives, as lawmakers prepare to revisit the CLARITY Act. Armstrong Lays Out Two Paths to Clarity Armstrong […]
Baltimore has taken legal action against prediction market operators Kalshi and Polymarket, accusing both companies of offering illegal sports betting in the city. Mayor Brandon M. Scott and the Baltimore City Council filed separate lawsuits on August 13 in the Circuit Court. The cases allege violations of Baltimore’s Consumer Protection Ordinance and accuse the companies […]
The U.S. Securities and Exchange Commission (SEC) said Monday it will hold an open meeting this Friday, August 14, to consider proposing new rules that would create a tailored offering path for certain crypto investment contracts. The announcement lands just days after the Senate pushed its next procedural vote on the CLARITY Act to mid-September, […]
The CLARITY Act got stuck in political limbo at the end of the business week until lawmakers return from their August recess, and Grayscale laid out a potential plan ahead for the US crypto industry if Congress ultimately fails to deliver the highly anticipated market structure this year. There’s no need to sugarcoat it: it […]