CFTC’s Selig Pushes Crypto Exchange Security Rules After Binance Hack
Michael Selig says eligible crypto exchanges could opt into federal oversight with cybersecurity safeguards. The proposal remains under consultation.
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Tether Paid $6.3M to Firm Co-Owned by Bo Hines, WSJ Reports
Tether paid about $6.3 million to Nxum, co-owned by former Trump crypto adviser Bo Hines, WSJ reports. Nxum denies improper involvement during his service.
FBI and Brooklyn DA Shut Down 241 Crypto Scam Sites Targeting Russian Speakers
Brooklyn prosecutors and the FBI disrupted 241 scam domains and 112 servers linked to investment and recovery fraud, with about $300,000 seized so far.
Fairshake Backs 32 House Incumbents as Crypto Bill Stalls
Fairshake’s crypto PAC network will support 19 Republicans and 13 Democrats, with at least $6 million committed to six House races as the CLARITY Act remains…
CFTC Opens Crypto Exchange Rulemaking, but Spot-Market Gap Remains
The CFTC has opened a consultation on CTX and CAM, seeking an optional federal framework for eligible crypto exchanges while leaving a broader spot-market mandate to…
Prediction Markets Legal Battle Heads Toward Supreme Court Showdown
A growing legal conflict over prediction markets in the US is approaching a potential Supreme Court decision, as courts debate whether platforms like Kalshi fall under…
Zerohash Applies for US National Trust Bank Charter
Zerohash has applied for a US national trust bank charter, joining several crypto firms seeking federal approval to expand stablecoin and custody services.
Stablecoin Inflows Surge to $1.7B amid Washington Debate
Weekly stablecoin inflows rose 414% to $1.7 billion as US lawmakers and banking groups continue debating yield-bearing stablecoins.
Warren Presses OCC Over World Liberty Bank Charter Bid
Senator Elizabeth Warren questioned the OCC over disclosure and foreign ownership concerns tied to World Liberty’s reported bank charter application.
OCC Proposal Targets Stablecoin Yield Under GENIUS Framework
The OCC released a proposal to implement the GENIUS Act, formally barring yield on payment stablecoins and tightening oversight of issuer-affiliate reward structures.
SEC Clarifies 2% Haircut Treatment for Stablecoins
SEC staff said broker-dealers can apply a 2% haircut to stablecoin holdings when calculating net capital. The clarification reduces regulatory uncertainty around stablecoin balance sheet treatment.
Nexo Re-Enters US Market Following Regulatory Recalibration
Digital asset wealth platform Nexo has officially resumed operations in the United States, offering a suite of regulated services powered by Bakkt. The move follows a…
Crypto Industry Pushes Back on Stablecoin Yield Ban
Crypto advocates are countering Wall Street calls for a blanket ban on stablecoin yield as US lawmakers debate key provisions in pending market structure legislation.