Top Republican Rep. French Hill has some advice for his colleagues in the Senate on how to unstick its stablecoin yield problem.
"To us, the banks will eventually lose on this issue politically as they are arguing against consumers getting paid money."
Rulemaking is on the way for prediction markets, said CFTC Chair Mike Selig, as the agency moves to further assert its jurisdiction.
Commodity Futures Trading Commission Chair Michael Selig tapped David Miller to lead the agency's enforcement division.
Even as crypto sentiment remains weak, JPMorgan analysts see the possible mid-year approval of U.S. market structure legislation as a positive catalyst.
Bluprynt secured $4.2 million in a seed funding round led by major industry players, including Coinbase Ventures and Robinhood.
Kalshi says it has closed two insider cases involving a former California gubernatorial candidate and an editor who worked at MrBeast.
These xStocks perps will provide eligible non-U.S. clients in over 110 countries with 24/7 tokenized equities exposure.
"More to come," was the main message coming out of the third meeting between crypto and banking groups at the White House.
"We continue to give a slight edge to the states in this legal fight primarily because the states have historically been the regulators of sports gambling."
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Prediction market outcomes are being used as inputs for how players deal with traditional financial markets, NYSE President Lynn Martin said at Mar-a-Lago on Wednesday.
The filing marks the latest move by the agency to assert federal jurisdiction over fast-growing prediction markets like Kalshi & Polymarket.
"This would ensure Democrats could immediately control those agencies if they win the 2028 presidential election," TD said.
Kalshi has partnered with Game Point Capital for sports hedging as its Super Bowl trading topped $1 billion, and January volume surged.
CFTC Chair Selig said the IAC will help shape the watchdog's oversight of "breakthrough" technologies like AI and blockchain.
Predictions markets are a "huge issue" that federal regulators are focused on, SEC Chair Paul Atkins told lawmakers on Thursday.
Crypto industry views diverge on the likelihood that Washington will pass legislation in 2026, with estimates ranging from 25% to 60%.
SEC Chair Paul Atkins faced questions from lawmakers about the agency’s steep decline in digital asset enforcement.
Fed. Governor Christopher Waller said the central bank plans to roll out its "skinny master account" proposal before the end of the year.
Bitwise has become the first asset manager to make a formal move toward a Uniswap-focused exchange-traded fund.
Sen. Mark Warner said he feels like he's stuck in "crypto hell" as the Senate Banking Committee tries to revive stalled talks.
The CFTC has scrapped a 2024 proposal to ban political prediction market contracts just as states double down on oversight.
CME Chairman and CEO Terrence Duffy said the firm is developing a tokenized cash product for derivatives trading collateral.
The Avalanche Policy Coalition unveiled a new advisory council, led by Ava Labs General Counsel Lee Schneider.
And the more significant challenge is securing enough Democratic support in the Senate for the crypto legislation, TD Cowen added.
Representatives from Coinbase, crypto trade groups and banking organizations are expected to meet next week to discuss the treatment of stablecoin rewards.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The CFTC is joining forces with the SEC on “Project Crypto”, an initiative aimed at modernizing cryptocurrency regulation.
SEC Chair Paul Atkins and CFTC Chair Mike Selig said they are working with the Senate to get a crypto market structure bill over the line.