The White House Office of Information and Regulatory Affairs has begun reviewing proposed rulemaking by the Commodity Futures Trading Commission that would govern prediction markets, a move that signals potential federal legitimacy for the sector. President Trump has publicly expressed support for the CFTC's authority over these markets,
TD Cowen analysts argue that a social media post from President Trump expressing support for CFTC-regulated prediction markets is unlikely to materially shift the ongoing legal battle over their status. According to the firm, the dispute will probably be resolved at the Supreme Court level, with individual states retaining
South Korean prosecutors have charged the creators of CatFi, a Solana-based meme coin, in what marks the first enforcement action under the country's new Virtual Asset User Protection Act. The developers are accused of executing a rug pull — abandoning the project and absconding with investor funds after
Singapore prosecutors have charged former Hodlnaut CEO Zhu Juntao with directing staff to publish misleading statements denying the crypto lending platform had any direct exposure to the TerraUSD collapse. The false claims were reportedly distributed via Telegram posts and customer emails, allegedly intended to conceal the firm's actual
Singapore prosecutors have charged the former CEO of crypto lending platform Hodlnaut with allegedly making false statements to conceal the company's exposure to the 2022 collapse of TerraUSD. Authorities allege the executive distributed misleading claims asserting Hodlnaut had not been affected by the Terra implosion, which wiped out
President Donald Trump has publicly endorsed CFTC Chair Michael Selig's effort to expand the regulator's jurisdiction over prediction markets, a move that could reshape oversight of platforms like Polymarket. Selig has been pushing for the Commodity Futures Trading Commission to assert formal authority over event-based
President Donald Trump has publicly endorsed the Commodity Futures Trading Commission retaining exclusive regulatory authority over prediction markets, aligning himself with CFTC Chair Michael Selig's position. Trump described this jurisdictional clarity as 'critically important,' a statement that carries weight as multiple court cases challenge how prediction
In a first for British financial enforcement, the UK has applied banking-style sanctions to crypto exchanges, targeting Huobi and a ruble stablecoin issuer as part of a broader crackdown on Russia-linked crypto networks. The measures require UK financial institutions to freeze associated funds and monitor transactions, extending traditional
Georgia is moving ahead of most nations by placing its national currency, the lari, directly onto private stablecoin infrastructure through a partnership with Tether. Announced on May 25, the initiative introduces GEL₮, an officially sanctioned stablecoin representing the Georgian lari, built on Tether's existing rails. The move is
A New York Times investigation has raised questions about the CFTC's internal independence, reporting that senior officials who challenged major crypto firms were pushed aside within the agency. The findings arrive at a critical moment: Congress is advancing the CLARITY Act, legislation that would significantly expand the CFTC&
Tether is developing GELT, a new stablecoin designed to facilitate cross-border commerce under a regulatory framework established by the Georgian government. The initiative positions Georgia as a crypto-friendly jurisdiction, with its framework deliberately aligned with emerging U.S. stablecoin regulations — a strategic move that could ease compliance for
The Federal Reserve is considering granting crypto firms direct access to its settlement infrastructure, a move that would bypass traditional banking intermediaries and fundamentally reshape how digital asset companies process payments. Currently, crypto firms rely on commercial banks to access Fed rails, creating dependency on institutions that have flagged liquidity