A group of U.S. senators has formally requested information from the Commodity Futures Trading Commission regarding allegations that prediction market platform Polymarket engaged in deceptive advertising practices. The inquiry adds regulatory scrutiny to the platform as lawmakers seek clarity on how the CFTC intends to respond to the claims
Prediction market platform Polymarket faces fresh scrutiny in Washington after reports surfaced that it paid content creators to stage fake winning bets, potentially misleading users about the platform's payout odds. A bipartisan group of US senators has formally called on the Commodity Futures Trading Commission to launch an
Following approval from Japan's Financial Services Agency, Ripple and SBI officially launched the RLUSD stablecoin in Japan on June 24, making it available to both institutional and retail users via the SBI VC Trade platform. RLUSD was classified under Japan's Payment Services Act as a new
Signed into law on July 18, 2025, the GENIUS Act marks the first comprehensive U.S. federal effort to regulate dollar-backed stablecoins, addressing a sector that had long operated without clear national rules. The legislation defines which entities are permitted to issue payment stablecoins and establishes requirements for the
Russia has established an Experimental Legal Regime (ELR) that grants selected firms a legal pathway to use cryptocurrency for cross-border trade, aiming to ease the pressure of Western sanctions. The framework offers a limited channel for designated entities, but it does not remove the broader obstacles that surround digital
Blockchain analytics firm TRM Labs published findings alleging that crypto exchange CoinEx processed more than $3.84 billion in transactions tied to a network of over 60 sanctioned Iranian platforms. The report points to extensive connections between CoinEx and entities operating under international sanctions, raising questions about the exchange'
South Korean authorities have penalized cryptocurrency exchange Bithumb roughly $136,000 following an investigation into how the platform handled customer information. Regulators determined that Bithumb transferred user data to numerous overseas exchanges in breach of national laws designed to safeguard personal information. The fine highlights the increasing scrutiny that South
Crypto exchange Kraken has taken legal action against derivatives firm PowerTrade, alleging the company improperly manipulated its account balance. According to the legal filing, PowerTrade swung Kraken's roughly $7 million positive balance into a $2 million deficit through a series of unauthorized 'corrections.' These adjustments reportedly
President Donald Trump has positioned himself against a U.S. central bank digital currency throughout his second term, yet on Wednesday he canceled a planned signing ceremony for a housing bill that would have written a temporary CBDC ban into federal law. The provision would have prohibited the Federal Reserve
Blockchain intelligence firm TRM Labs alleges that crypto exchange CoinEx processed more than $3.84 billion in blockchain-traced transactions involving sanctioned Iranian crypto entities, positioning the platform as a significant conduit for funds linked to restricted parties. The findings raise potential compliance and regulatory concerns, given international sanctions targeting
Blockchain analytics firm TRM Labs has traced $3.8 billion in cryptocurrency movements tied to 60 sanctioned Iranian entities flowing through the exchange CoinEx. According to TRM's findings, CoinEx accounted for roughly 8% of illicit transaction volume linked to these entities, a share the firm described as substantially
Concerns over the growing use of artificial intelligence in retail trading have prompted House Democrats to seek clarity from the Securities and Exchange Commission. Lawmakers questioned the regulator about trading platforms deploying AI agent advisers that make what they described as 'consequential investment decisions on behalf of retail investors.