A bipartisan group of US senators has written to the Treasury Department urging that its implementation of the GENIUS Act — the landmark stablecoin legislation — preserve meaningful authority for individual states. The lawmakers are concerned that federal rulemaking could effectively sideline state-level regulators, who have historically played a significant role
A bipartisan group of US senators has written to the Treasury Department urging it to protect state-level regulatory authority over stablecoins as implementation of the GENIUS Act takes shape. The lawmakers are concerned that federal rulemaking could erode the rights of individual states to oversee stablecoin issuers operating within
Bitcoin Policy UK CEO Elliot Ward has publicly criticised Michael Saylor's promotional video for STRC, arguing it misrepresented the risk profile of the investment product. Ward contends that Saylor's presentation of STRC yield figures gave viewers the impression that the strategy carried no meaningful risk, which
Kraken has become one of the first major exchanges to offer CFTC-regulated perpetual futures contracts to eligible U.S. traders, a product class that has historically been restricted to offshore platforms. The launch is powered by Bitnomial, a regulated derivatives exchange that Kraken acquired to enable compliance with U.
A new congressional bill aims to restore federal coordination on cryptocurrency-related crime following the Department of Justice's decision to disband its dedicated crypto enforcement unit, the National Cryptocurrency Enforcement Team. The legislation focuses narrowly on criminal activity — including exchange hacks, blockchain transaction tracing, and support for victims
Tether has frozen approximately $72 million in USDT following a suspected money laundering operation that routed around $120.2 million through Monero, the privacy-focused cryptocurrency. The freeze highlights the dual vulnerability of stablecoin infrastructure: while Tether retains centralised control to blacklist addresses, bad actors are increasingly using Monero as
The SEC's draft Strategic Plan for fiscal years 2026 to 2030 marks a significant shift in tone, describing blockchain as having 'the potential to revolutionize America's financial infrastructure' and dedicating a standalone objective to digital assets. The move signals a departure from the agency&
A wave of regulatory activity is reshaping the crypto landscape across multiple fronts simultaneously. In Congress, lawmakers are actively debating new tax treatment frameworks for digital assets, a development that could significantly affect how investors and businesses report crypto gains and losses. Meanwhile, the Commodity Futures Trading Commission has released
The expiry of transitional licensing provisions under the EU's Markets in Crypto-Assets regulation on July 1, 2026 threatens to sever millions of European users from exchanges and wallet services that have not yet secured full MiCA authorisation. The regulation requires any crypto exchange, broker, or custody provider
The U.S. Securities and Exchange Commission is exploring the use of exemptive relief to carve out a regulatory pathway for tokenization projects, allowing them to operate outside standard securities law requirements. However, former SEC attorneys warn this approach carries significant legal vulnerabilities compared to formal rulemaking. Unlike a full
The Commodity Futures Trading Commission has filed a lawsuit against New Mexico in an ongoing effort to establish federal regulatory authority over sports betting markets. The case represents the latest in a series of legal challenges the CFTC has pursued against individual states, arguing that sports betting contracts fall under
Former SEC Chair Gary Gensler has publicly disputed the Commodity Futures Trading Commission's assertion that it holds regulatory authority over prediction markets, particularly those involving sports betting. Gensler's pushback adds a notable voice to an ongoing jurisdictional debate that has intensified as prediction market platforms like