Politics
Senior executives from the cryptocurrency and banking sectors met at the White House this week for another round of talks on stablecoin regulation, but discussions ended without a breakthrough on one of the most contentious issues: whether stablecoin holders should be allowed to earn rewards or yield. The closed-door session
Politics
Braden John Karony, the former chief executive of SafeMoon US LLC, has been sentenced to more than eight years in federal prison for his role in a cryptocurrency scheme that prosecutors say misled investors and financed an extravagant personal lifestyle. Karony, 29, of Utah, was sentenced Tuesday in federal court
Politics
The European Union is weighing a sweeping ban on cryptocurrency transactions involving Russia as part of a broader effort to close loopholes in its sanctions regime, according to a document seen by the Financial Times. EU seeks ban on Russian crypto assets to curb sanctions evasionBrussels also wants to prohibit
Politics
The Federal Reserve expects to introduce a new, limited form of access to its payment systems by the end of this year, even as broader efforts to regulate the cryptocurrency industry remain stalled in Washington. Federal Reserve Governor Christopher Waller said Monday that the central bank is moving ahead with
Politics
Polymarket has filed a federal lawsuit against the state of Massachusetts, intensifying a growing legal dispute over who has the authority to regulate prediction markets in the United States. At the center of the conflict is a fundamental question: are event-based prediction contracts a form of federally regulated financial derivatives,
Politics
South Korea is preparing to tighten its oversight of the cryptocurrency market, signaling a tougher regulatory approach aimed at reducing market manipulation and improving consumer protection. The move comes amid growing concerns about trading practices, technological risks, and recent incidents that highlighted vulnerabilities within the digital asset sector. The country’
Politics
The U.S. Commodity Futures Trading Commission has pulled back from a controversial proposal that would have banned political prediction market contracts, marking a clear shift from a late Biden-era regulatory push that drew sharp criticism from industry players. In a statement released Wednesday, the CFTC confirmed it will not
Politics
A long-awaited effort to establish clearer rules for the US crypto market is facing growing political and industry resistance, and may only move forward if President Donald Trump steps in directly. That is the assessment from TD Cowen, which says deep divisions among stakeholders and a narrow path through Congress
Politics
Kevin Warsh has moved to the top of the list to become the next chair of the US Federal Reserve, with prediction markets signaling overwhelming confidence that President Donald Trump is preparing to nominate him. Traders on Polymarket late Thursday priced Warsh’s chances at 93 percent, a sharp jump
Politics
U.S. financial regulators are taking a more coordinated approach to cryptocurrency oversight as the Commodity Futures Trading Commission and the Securities and Exchange Commission formally join forces on a new initiative called “Project Crypto.” The effort, announced Thursday at the Joint CFTC-SEC Harmonization Event, aims to modernize how digital
Politics
The U.S. Senate’s effort to set clear rules for the cryptocurrency industry moved forward this week, but not without controversy. On Thursday, the Senate Agriculture Committee advanced its version of a broad digital asset market structure bill, approving it by a narrow 12–11 party-line vote. While the
Politics
Six U.S. senators are pressing Deputy Attorney General Todd W. Blanche for answers over alleged conflicts of interest tied to his role in reshaping the Justice Department’s approach to cryptocurrency enforcement. In a letter sent Wednesday, the lawmakers raised concerns that Blanche may have held significant personal cryptocurrency