India has one of the biggest crypto markets in the world, and still no dedicated crypto law. You can legally trade it, it isn’t legal tender, and instead of one regulator calling the shots, there are several government bodies pulling in different directions. That tension came to a head this year. January brought a big …
Bhutan has taken a unique approach to crypto. While the government limits retail crypto use through the country’s banking system, it has also become one of the world’s largest state-backed Bitcoin miners and is using Bitcoin to support its long-term economic plans. A key part of this strategy is Gelephu Mindfulness City (GMC), a special …
The US Commodity Futures Trading Commission (CFTC) has unveiled its first regulatory framework for prediction markets, releasing what it described as a proposed approach to governing the industry under American law. The plan, issued by the agency on Wednesday, would establish standards for certain types of wagering while leaving markets tied to elections and politics largely outside the category of activities that would trigger more intensive scrutiny. Where The Line Is Drawn The new proposal sets out how the agency would start determining whether a contract should be prohibited. Under the draft, the CFTC said it preliminarily views both sporting wagers and wagers involving games of chance and pure luck as falling under “gaming.” At the same time, it suggests that wagering on sports outcomes is likely not broadly contrary to the public interest, while staking money on gambling or games of pure luck likely would be. The framework further argues that prediction markets based on sports scores, price spreads, win-loss outcomes, tournament advancement, and similar data may serve a “price discovery” function and provide meaningful information. Related Reading: XRP May Reach $10 By 2027—But Bearish Conditions Could Push It Below $1, Expert Says Where the proposal draws sharper boundaries is with specific categories of sports-related betting. The CFTC indicated that wagering on player injury, fighting, children’s sports, officiating, or wagering structured in a way that could encourage cheating was unlikely to meet the public interest standard. The draft also addresses election-related contracts, noting that election wagers are “contests, not gaming,” and therefore fall outside the “enumerated activities” that would allow the CFTC to apply its 90-day review process to event contracts. The agency’s proposal also focuses heavily on how it would evaluate whether a contract crosses too far into areas like terrorism, war, or assassinations—topics that, the draft notes, domestically regulated exchanges have largely avoided offering. 45-Day Comment Period For Prediction Markets In its announcement, the CFTC acknowledged that the rules released Wednesday are “thin,” and said additional rulemaking about prediction markets could be introduced in the future. After Wednesday’s release, the proposed rule will undergo a 45-day public comment period. CFTC Chair Mike Selig emphasized the commission’s intent as it prepares for further steps in the rulemaking process. He said in a statement that the CFTC would protect the integrity of its regulated markets while still allowing “responsible innovation. Selig added that the new prediction markets proposal provides a durable and transparent framework for identifying the contracts Congress directed the agency to scrutinize, while also letting legitimate markets continue. Related Reading: Treasury Stablecoin Proposal Draws Major Warning From Hyperliquid Policy Center–Here’s Why Beyond defining the types of wagering that may fall on different sides of the line, the proposal lays out a step-by-step process for prohibitions. The CFTC would first determine whether the contract is actually tied to an event happening. It would then evaluate whether the event fits within the categories defined in the Commodity Exchange Act, and finally conduct a public interest analysis to decide whether the prediction markets’ contract should be banned or allowed. Featured image created with OpenArt; chart from TradingView.com
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Fabian Dori says a short-term liquidity squeeze is driving crypto’s slump, with further downside possible, though improving macro data and fundamentals could speed a recovery.
JPMorgan said the long-awaited Clarity Act would bring regulatory clarity, boost institutional participation and accelerate tokenization across U.S. crypto markets.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
The German lender pointed to institutional outflows, fading liquidity and stalled regulation as the real drivers behind bitcoin’s slump.
The White House is set to bring together senior figures from the banking and crypto industries on Monday in an effort to break the deadlock over the crypto market structure bill, namely the CLARITY Act, according to a Reuters report. The planned meeting comes as progress on the bill has stalled amid growing tensions between the two sectors over how digital assets should be regulated. White House Crypto Council To Lead Talks People familiar with the matter said the meeting will be organized by the White House’s crypto council and will include executives from several industry trade groups. Related Reading: Bitcoin Price Braces For FOMC Volatility As History Shows Major Post‑Fed Sell‑Offs Discussions are expected to focus on one of the most contentious aspects of the legislation: whether and how crypto firms should be allowed to offer interest or other rewards on customer holdings of stablecoins. The anticipated market structure legislation has been under consideration in the Senate for several months. It is intended to establish a comprehensive federal framework for regulating digital assets following the passage of the GENIUS Act last July. Stablecoin Rewards Clash With Bank Stability Fears The House of Representatives passed its version of the bill in July, but progress in the Senate has been slower. Earlier this month, the Senate Banking Committee was scheduled to debate and vote on the measure. However, the markup was postponed after cryptocurrency exchange Coinbase (COIN) withdrew its support for the bill and criticized various elements of it, including stablecoin rewards. Crypto representatives argue that offering rewards such as interest is essential to attracting and retaining customers. Related Reading: Crypto Funds Funneled To Money Launderers Hit $82 Billion, According To Chainalysis Banks, on the other hand, have raised alarms that allowing crypto platforms to pay yield on stablecoins could draw deposits away from insured lenders. Since deposits are the primary source of funding for most banks, industry representatives warn that a significant outflow could pose risks to financial stability. Featured image from OpenArt, chart from TradingView.com
The asset manager argued that without federal legislation, the industry has three years to become indispensable before political winds potentially shift.
Infrastructure gains and regulatory momentum are accelerating tokenization. A market structure bill is the missing link for the next phase of digital asset adoption.
Armstrong told CNBC that his firm pulled support for a sweeping digital assets bill after finding provisions that could have harmed consumers and stifled competition.
Delayed markups could give Congress time to resolve issues that may determine how, and whether, institutions fully enter U.S. crypto markets, broker Benchmark said.
Finance officials signal tax and regulatory changes aimed at bringing digital assets into the financial mainstream.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
U.S. market structure legislation is poised to be the dominant force for digital assets, while near-term concerns about quantum computing are overdone.
In 2025, crypto regulation stopped being mostly about courtroom theater and started focusing on actual infrastructure. Debates over how or whether to regulate crypto became less philosophical and more operational. Regulators spent the year answering the “boring” questions that decide whether a market can scale: who is allowed to issue a “digital dollar,” what backs […]
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Chile has made a hard pivot. In a decisive Dec. 14 runoff, José Antonio Kast, a conservative former congressman and leader of the Republican Party, won the presidency with roughly 58% of the vote over leftist Jeannette Jara. It marks Chile’s starkest rightward shift since the return to democracy. Markets took it as a deregulatory […]
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On Wednesday, a bipartisan meeting of the Senate Banking Committee, led by Senator Tim Scott, offered a cautiously optimistic outlook for discussions surrounding the anticipated crypto market structure bill. Despite the absence of any markup hearings scheduled for this week, industry representatives and senators engaged in what many considered a productive dialogue regarding the evolving legislative landscape. Senators Collaborate With Industry Leaders Key figures from major crypto firms were among the attendees, including executives from Coinbase (COIN), Kraken, Chainlink, a16z, and Ripple, who have been increasingly involved in discussions aimed at fostering the positive growth of digital assets in the country. According to Eleanor Terret from Crypto In America, the atmosphere of the meeting was described as “constructive and collaborative.” Senators from both parties engaged actively with industry representatives, asking insightful questions and exploring the nuances of the proposed bill text. Related Reading: Cantor Fitzgerald Projects Major Growth For Hyperliquid (HYPE) In Explosive New Report Participating senators included Democrats Mark Warner and Catherine Cortez Masto, who were noted for their engagement and for posing significant questions to both the industry representatives and Senate Banking staff. Three key areas of ongoing negotiation emerged from the discussions: the classification of tokens—distinguishing between securities and commodities, the roles of stablecoin interest versus rewards, and discussions surrounding decentralized finance (DeFi). The meeting’s update follows earlier confirmation from a committee spokesperson that the Banking Committee will not conduct a markup hearing prior to the upcoming Christmas break. Instead, the committee intends to monitor the bill’s progress for potential action in early 2026. Intensified Talks On Crypto Regulation In a statement released earlier this week, Jeff Naft, spokesperson for Chair Scott, emphasized the committee’s commitment to pursuing a bipartisan approach to address the complexities of digital asset market legislation. “Chairman Scott and the Senate Banking Committee have made strong progress,” Naft noted, underscoring continued efforts to establish a new regulatory framework that would enhance clarity for the crypto sector and position the United States as a leader in the digital assets arena. Negotiations have intensified over the past week, with Republican members of the Banking Committee working closely with their Democratic counterparts to seek a viable compromise. Related Reading: SEC Wraps Up Investigation Into Aave Protocol, Confirms CEO Stani Kulechov However, Democrats have also consistently called for additional time in the piece of legislation to address various concerns, particularly regarding financial stability, market integrity, and ethical considerations. Specific ethics concerns have arisen related to President Donald Trump and his family’s involvement in crypto-related business ventures, which reportedly have added to their wealth. As Congress prepares to reconvene after the holiday break, immediate attention will shift to federal government funding, with the current funding bill set to expire on January 30. Featured image from DALL-E, chart from TradingView.com
The Wall Street firm said faster U.S. stablecoin and charter rules are pulling crypto into the regulated banking system and pushing banks toward an on-chain future.
Japan is quietly preparing the most pro-crypto shift of any G7 nation. According to multiple reports from local media, the Financial Services Agency (FSA) is drafting a sweeping reclassification of digital assets that would bring Bitcoin, Ethereum, and around 100 other tokens under the same umbrella as stocks and investment funds. If the plan moves […]
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New York City Mayor Eric Adams just built a new power center for crypto inside City Hall. On Oct. 14, he signed Executive Order 57 and created the Office of Digital Assets and Blockchain Technology, a unit that sits in the Mayor’s Office, reports to the city CTO, and is led by Moises Rendon. City […]
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Two of the largest digital asset managers, Bitwise and 21Shares, have made a notable update to their Ethereum and Solana ETF filings that could signal a shift in how crypto exchange-traded products operate in the United States. According to amended S-1 statements filed with the U.S. Securities and Exchange Commission (SEC), both issuers now reference […]
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Ripple’s chief legal officer says Americans want clear crypto rules and urges Congress to act, warning U.S. leadership is at risk without clarity.
Brian Armstrong told Fox Business that Coinbase aims to be users’ primary financial account while addressing U.S. crypto rules and pressure from banks.
Paul Atkins, the newly appointed chair of the US Securities and Exchange Commission (SEC), has boldly declared that “crypto’s time has come,” marking a pivotal moment in the regulator’s approach to digital assets. Atkins Declares End To ‘Weaponization’ Of Regulation Delivering a keynote address at the inaugural OECD roundtable on global financial markets, Atkins expressed his commitment to unlocking the potential of digital assets in the United States, highlighting the impact of new technologies on global finance. Related Reading: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma Atkins criticized the previous SEC approach under former chair Gary Gensler, which he described as a “weaponization” of regulatory powers that stifled the crypto industry. The Commissioner pointed out that this “enforcement-centric strategy” not only proved ineffective but also drove innovation overseas, burdening American entrepreneurs with costly legal defenses. He asserted that those days are over and that the SEC is embarking on a new chapter. The SEC under Atkins aims to establish “clear and predictable regulations” that will enable innovation to flourish. He indicated that the agency will no longer rely on ad hoc enforcement actions to set policy. As Congress works on legislation, the SEC is set to modernize its rules through what it has termed “Project Crypto.” This initiative seeks to adapt existing securities regulations to accommodate the digital asset landscape, ensuring that most crypto tokens are clearly classified as non-securities. Future Of Crypto Regulation Atkins also highlighted the need for regulatory efficiency, advocating for a minimum effective dose of regulation to protect investors without overburdening entrepreneurs with complex rules that only large incumbents can navigate. He emphasized the potential for innovation through “super-app” trading platforms that could combine trading, lending, and staking services under a unified regulatory framework. Related Reading: Solana And XRP ETFs Smash New Records In Canada Atkins further unveiled that the Securities and Exchange Commission also plans to collaborate with other regulatory bodies to create a cohesive environment that permits the trading of crypto assets alongside traditional financial services. The regulator praised the European Union (EU) for its stance on digital assets, specifically referencing the Markets in Crypto-Assets (MiCA) regulation, which he sees as a model for regulatory clarity. Atkins expressed a desire for the United States to learn from these efforts, ensuring that America remains a leader in fostering an economic climate conducive to financial innovation. In closing, Atkins articulated a vision for a future where breakthroughs in the financial industry are made on American soil, under American oversight, ultimately benefiting American investors. He welcomed the opportunity to work with international allies to enhance economic collaboration and extend the sphere of freedom and prosperity in the financial markets, including the fast-growing cryptocurrency space. Featured image from DALL-E, chart from TradingView.com
In a recent address, pro-crypto Senator Cynthia Lummis revealed her efforts to expedite the passage of a crucial piece of legislation known as the Market Structure Bill. This initiative follows the recent enactment of several significant laws, including the GENIUS Act, the CLARITY Act, and the Anti-CBDC bills, all aimed at shaping the future of digital assets in the United States. Keys Behind The Responsible Financial Innovation Act Since the House of Representatives passed these key crypto bills last month, the Senate Banking Committee has been crafting its version of a comprehensive regulatory framework for cryptocurrencies. Under the leadership of Chairman Tim Scott and alongside Senators Lummis, Bill Hagerty, and Bernie Moreno, the committee introduced the draft of the “Responsible Financial Innovation Act of 2025.” This piece of crypto legislation seeks to provide much-needed regulatory clarity, promote innovation, and address the significant risks often associated with the evolving digital asset landscape. Related Reading: Expert Touts Chainlink Advantage Over XRP In Institutional Adoption Race The Senate’s proposed framework builds on the foundation laid by the Clarity Act, which primarily aimed to empower the Commodity Futures Trading Commission (CFTC) and classify digital assets as commodities. In contrast, the Senate bill grants the Securities and Exchange Commission (SEC) primary regulatory oversight over what it terms “ancillary assets.” Notably, the bill specifies that these ancillary assets should not be classified as securities, and transactions involving them would not fall under federal securities laws, including the Securities Investor Protection Act of 1970. This comes on the heels of statements from SEC Chair Paul Atkins, who suggested that only a small number of tokens could be classified as securities, depending on how they are packaged and marketed. Crypto Legislation’s Thanksgiving Deadline The bill also takes a stance on combating illicit financial activities associated with digital assets. It mandates new regulations for anti-money laundering (AML) efforts and countering the financing of terrorism. The draft unveils that one of the most pressing challenges in developing a robust digital asset market is determining how traditional banks and financial institutions fit into this evolving ecosystem. Related Reading: Solana Is Not Dead? This Upper Boundary Retest Could Set The Stage For $268 An increasing number of banks such as Morgan Stanley, Citigroup, and Bank of America, are now considering the integration of crypto assets, particularly stablecoins, as a means to overcome traditional payment barriers. The proposed legislation aims to address this issue by explicitly allowing banks and financial holding companies to engage in a variety of digital asset activities, including custody and trading. During a recent conversation at the SALT conference in Jackson Hole, Wyoming, Senator Lummis expressed her confidence in the crypto bill’s momentum, stating, “We will have it on the President’s desk before Thanksgiving.” Featured image from DALL-E, chart from TradingView.com
The U.S. House of Representatives has designated the week starting July 14 as “Crypto Week,” as lawmakers consider three landmark bills: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act, in a comprehensive push to establish the United States as a global leader in digital assets. Prominent crypto trader and influencer […]
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The broker raised its price target for the crypto exchange to $421 from $301 and reiterated its buy rating on the stock.