The Trump Administration is aiming to transform the U.S. cryptocurrency landscape with new regulatory changes. President Trump, once skeptical of digital currencies, has shifted his stance, now endorsing a vision to make the U.S. the “crypto capital of the planet.” He plans to replace SEC Chair Gary Gensler and potentially classify cryptocurrencies as commodities, easing ...
Kalshi, a prediction Market platform, is suing the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement after receiving cease and desist orders to stop its sports-related contracts in these states. Kalshi argues that its contracts fall under the Commodity Futures Trading Commission (CFTC) jurisdiction, meaning state regulators shouldn’t interfere. The company’s ...
Kalshi, a prediction Market platform, has filed a lawsuit against the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement after receiving cease and desist orders to stop its sports-related contracts in those states. Kalshi’s legal team argues that their contracts are under the jurisdiction of the Commodity Futures Trading Commission (CFTC) ...
Coinbase is urging Congress to shift control of the spot cryptocurrency Market from the SEC to the CFTC. This change could lessen the SEC’s influence in overseeing digital assets. Coinbase’s Chief Policy Officer, Faryar Shirzad, believes that cryptocurrencies like Bitcoin and Ethereum should be treated as commodities and regulated by the CFTC, which would enhance ...
Coinbase is pushing Congress to give the Commodity Futures Trading Commission (CFTC) control over the spot cryptocurrency Market, which could lessen the Securities and Exchange Commission’s (SEC) influence in regulating digital assets. Coinbase’s Chief Policy Officer, Faryar Shirzad, argues that cryptocurrencies like Bitcoin and Ethereum should be viewed as commodities rather than securities. This shift ...
In a recent address at Davos, President Donald Trump declared his vision for the U.S. as the “Crypto Capital of the World,” following the release of a key executive order on digital assets. This marks a shift from the previous administration’s regulatory approach, aiming to provide clearer guidance for the crypto industry. With notable supporters ...
Outgoing CFTC Chair Rostin Behnam urged for stronger cryptocurrency regulations during his final speech at the Brookings Institution. He emphasized that as cryptocurrencies increasingly blend with traditional finance, clearer rules are necessary to avoid long-term risks. Behnam noted that the process to pass new crypto legislation could take six to ten months, with additional time ...
The 119th U.S. Congressional session has started, and the cryptocurrency sector is hopeful for clear regulations on digital assets and stablecoins. With the election of President-elect Donald Trump, who plans to make the U.S. the “crypto capital” of the world, there are 250 pro-crypto Congress members and 16 pro-crypto senators ready to push for changes. ...
Gemini Trust Company, founded by Cameron and Tyler Winklevoss, has agreed to pay a $5 million civil penalty to resolve charges from the U.S. Commodity Futures Trading Commission (CFTC). These charges stem from statements made by Gemini regarding its bitcoin futures contract in 2017. As part of the settlement, which was filed in a New ...
