Politics
A U.S. federal judge has temporarily blocked Tennessee from enforcing an order that would have forced prediction market operator Kalshi to shut down its sports-related contracts in the state. The decision pauses a cease-and-desist directive while the court weighs a broader legal question with national implications: whether Kalshi’s
Politics
Former New York City Mayor Eric Adams is facing questions from the crypto community after a memecoin he promoted this week showed signs of unusual on-chain activity, prompting allegations of a potential “rug pull.” Adams appeared at a press conference in Times Square on Monday to unveil the so-called NYC
Politics
In one of his first major moves as chair of the U.S. Commodity Futures Trading Commission (CFTC), Michael S. Selig has unveiled a revamped advisory body aimed at helping the agency navigate the fast-evolving world of financial technology, digital assets and prediction markets. Selig announced on Monday that the
Politics
Bitcoin and the broader cryptocurrency market moved higher late Sunday as investors reacted to rising political pressure on the U.S. Federal Reserve and renewed concerns about central bank independence. The gains followed comments from Federal Reserve Chair Jerome Powell that underscored mounting tension between the Fed and the Trump
Politics
Coinbase, the largest cryptocurrency exchange in the United States, may reconsider its backing of a major U.S. crypto market structure bill if lawmakers move to restrict how platforms offer rewards to stablecoin holders, according to a report by Bloomberg. The issue has emerged as a key point of contention
Politics
A wide-ranging effort to establish clear rules for the U.S. cryptocurrency market is approaching a decisive moment in the Senate, as lawmakers race to resolve lingering disagreements ahead of key votes expected next week. At stake is a bill that would define how digital assets are regulated and determine
Politics
Wyoming has taken a historic step in digital finance with the public launch of the Wyoming Frontier Stable Token (FRNT), the first state-issued, dollar-pegged stablecoin backed by government-managed reserves. Built on the Solana blockchain, FRNT became available for purchase on Wednesday, positioning Wyoming at the forefront of blockchain adoption by
Politics
President Donald Trump’s renewed interest in bringing Greenland under US control is generating buzz in online prediction markets, though most traders are betting against a rapid deal. While Trump’s idea isn’t new, the odds of the US taking formal ownership of the vast Arctic island by the
Politics
Japan is moving closer to bringing digital assets into the heart of its traditional financial system. During a New Year’s address at the Tokyo Stock Exchange, Finance Minister Satsuki Katayama voiced clear support for integrating cryptocurrencies and blockchain-based products across stock and commodity exchanges, according to a report by
Politics
Ilya Lichtenstein, the man who admitted to carrying out the 2016 hack of cryptocurrency exchange Bitfinex, says he has been released from prison earlier than expected under the provisions of the First Step Act, a U.S. criminal justice reform law signed in 2018. In a post shared Thursday on
Politics
A senior executive at Coinbase has warned that U.S. lawmakers could unintentionally hand a strategic edge to global competitors if they restrict interest or rewards on U.S.-issued stablecoins, just as China moves to make its own digital currency more attractive. The comments come amid renewed debate in
Politics
South Korea’s push to establish a clear regulatory framework for stablecoins has hit a roadblock, as financial authorities remain divided over who should be allowed to issue the digital assets. The delay means the country’s long-anticipated stablecoin legislation is now unlikely to move forward until next year, according