Texas has appointed a five-member advisory committee to guide the state's Strategic Bitcoin Reserve, marking a significant step toward holding bitcoin directly rather than through exchange-traded funds. The shift from ETF exposure to self-custody signals a more assertive approach to state-level bitcoin ownership, giving
Paxos has received SEC approval to provide settlement and clearing services for U.S. equities using blockchain infrastructure, making it the first crypto-native firm to enter a market long dominated by legacy institutions like the DTCC. The approval grants Paxos a registered clearing agency status, allowing it to compete
Paxos has received approval from the U.S. Securities and Exchange Commission to operate as a registered clearing agency, making it the only blockchain-native company to hold this designation in the United States. Clearing agencies play a critical role in financial markets by validating, settling, and recording securities transactions,
Paxos has obtained registration as a clearing and settlement agency with the US Securities and Exchange Commission, making it the first and only blockchain-native company to hold this designation. Clearing agencies play a critical role in financial markets by validating, reconciling, and finalising securities transactions, reducing counterparty risk between
A New York state court case is attempting to exploit lost property laws to claim legal ownership of nearly 40,000 dormant Bitcoin addresses, including wallets attributed to Bitcoin's pseudonymous creator Satoshi Nakamoto, by valuing each at under $10. The amended complaint, filed on behalf of a pseudonymous
Treasury Secretary Scott Bessent reaffirmed the Trump administration's opposition to a central bank digital currency during a Thursday press briefing, signaling continued resistance to government-issued digital money at the federal level. The commitment aligns with broader Republican skepticism toward CBDCs, which critics argue could enable government surveillance
Kalshi has filed a federal lawsuit seeking an injunction to block Minnesota from enforcing what would be the first state-level ban on prediction markets in the United States, set to take effect in August. The company is asking a federal judge to intervene before the law comes into force,
Prediction markets platform Kalshi has filed a lawsuit against the state of Minnesota after Governor Tim Walz signed legislation that would prohibit prediction markets from operating in the state, with the law set to take effect in August. The legal action mirrors Kalshi's earlier battle against the CFTC,
The U.S. Commodity Futures Trading Commission and crypto exchange Gemini have filed a joint motion to reverse a 2025 consent order that required Gemini to pay a $5 million settlement. The unusual move sees the regulator itself acknowledge the order should not have been filed, signaling a significant shift
The U.S. Commodity Futures Trading Commission has taken the unusual step of joining Gemini in a motion to vacate a 2025 consent order that arose from the agency's own enforcement action against the exchange. By filing jointly for relief from the judgment, the CFTC is effectively acknowledging
Federal prosecutors have charged a Google engineer, identified as Spagnuolo, with fraud and money laundering after he allegedly exploited access to internal search data to place winning bets on Polymarket, the decentralized prediction market platform. The Commodity Futures Trading Commission also filed a parallel civil complaint alleging insider trading violations.
The U.S. Commodity Futures Trading Commission has filed a motion to vacate a settlement it reached with Gemini in 2022, arguing the case would not have been brought under current leadership and enforcement priorities. The regulator reviewed the original matter and concluded that pursuing it no longer aligns with