Sixth Circuit Deals Kalshi Another Blow on Sports Contracts
A Sixth Circuit panel ruled Kalshi's sports contracts are state-regulated gambling products, not federal swaps, deepening a circuit split that may soon reach the Supreme Court.
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Regulation
SEC’s ‘Crypto Mom’ Hester Peirce Resigns, Leaving Agency at Bare Quorum
Hester Peirce, the SEC's leading pro-crypto commissioner, will leave the agency Oct. 2, 2026, dropping the commission to bare quorum with no replacements yet named.
CFTC Broadens Tokenized Asset Guidance as Congress Stalls on Crypto Law
The CFTC clarified that regulated firms can invest customer funds in tokenized assets and use blockchain recordkeeping, as US agencies press ahead with rulemaking after Congress stalled on crypto legislation.
New York Sues Polymarket US, Calling It Illegal Gambling Operation
New York's attorney general has sued Polymarket's US business, alleging it runs an unlicensed gambling operation and seeking to halt its activities, disgorge profits, and impose triple fines.
Bitget Says $351.6 Million Hack Used Spoofed Transfers, Not Stolen Keys
Bitget lost $351.6 million after attackers spoofed transaction data to trick its authorization system, but the exchange says private keys stayed secure and its protection fund will cover the loss.
Fed Unveils Capital and Redemption Rules for Stablecoin Issuers
The Federal Reserve proposed tiered capital charges, a two-day redemption window and audit requirements for stablecoin issuers, the first detailed rules implementing the GENIUS Act.
Washington Weighs Turning Dollar Stablecoins Into a Foreign Policy Tool
The Trump administration is reportedly weighing joint ventures with private firms to spread dollar-backed stablecoins abroad, aiming to cement dollar dominance and boost Treasury demand.
New York Sues Polymarket, Escalating Battle Over Prediction Markets
New York's attorney general has sued Polymarket over sports-related contracts, deepening a jurisdictional clash with the CFTC that now includes Kalshi, Coinbase, Gemini and a pending Supreme Court petition.
UK’s Biggest Banks Complete First Interbank Tokenized Deposit Transfers
Seven UK banks and DLT firm Quant completed the first interbank customer transactions using tokenized pound deposits, a step toward regulated bank money moving on shared tokenized rails.
CFTC Warns Prediction Markets Over Risky ‘Mention’ Contracts on Speech
The CFTC warned exchanges that prediction contracts tied to a person's words or actions carry high manipulation risk, laying out four factors for listing them following a related enforcement case.