Latest updates, press releases, and insights from the volatile world of digital assets.
Gemini Trust Company, founded by the Winklevoss brothers, transferred more than $10 million in Bitcoin to MAGA Inc. Super PAC shortly after a joint filing with regulators seeking to reverse a prior enforcement action
A Washington state judge has granted a preliminary injunction against prediction market operator Kalshi, ruling its sports event contracts likely violate state gambling laws despite federal CFTC oversight. The decision, effective no earlier than August 5, highlights growing tensions between state regulators and federally regulated platforms
President Donald Trump’s agreement to ethics provisions in the CLARITY Act removes a key obstacle, positioning the comprehensive cryptocurrency market structure legislation for a potential Senate vote before the August recess
Senator Cynthia Lummis highlights the CLARITY Act's potential to provide certainty for developers, protection for investors, and integrity for digital asset markets, amid urgent Senate debates and warnings of delays until 2030 if action stalls
One year after enactment, federal agencies have yet to finalize key implementing rules for the nation's first major stablecoin legislation, shortening the runway for issuers ahead of the January 2027 effective date
Gabriel Perez, who has operated President Donald Trump’s teleprompter since 2016, is under CFTC review for allegedly using advance script access to earn substantial profits on prediction market contracts tied to presidential speeches
The CFTC has directed prediction market platform Kalshi not to cancel trades involving Michigan residents, creating a direct conflict with a state court ruling and escalating tensions over federal versus state authority in these markets
The U.S. Senate returns to session with limited time to move forward on major cryptocurrency market structure legislation before the August recess, as President Trump calls for swift passage amid ongoing negotiations over key provisions
North Carolina has passed legislation recognizing federal CFTC authority over prediction markets, allowing platforms to operate under national rules while applying a 6% tax on net revenue from state residents starting in 2027. This stands in contrast to higher taxes on sports betting and ongoing disputes in other states
Prediction market leader Polymarket has filed applications with the National Futures Association to enable margin trading for US users through its affiliate entity
