befla

Social media crypto drama is heating up again. The latest spat is between Robinhood and the once ‘Prince of Meme Stocks’ AMC. Robinhood’s top legal officer rejected AMC Entertainment CEO Adam Aron’s demand to stop trading an AMC-linked Stock Token, and Robinhood CEO Vlad Tenev said the company stands behind the product. The dispute centers … Read more

A Michigan judge has placed prediction-market exchange Kalshi under a preliminary injunction that keeps its sports event contracts fenced off from people in the state until the court issues a final order. The ruling moves the dispute beyond a short-term restraint and into an open-ended compliance regime. Kalshi calls the products federally regulated event contracts, … Read more

The Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act, is the new federal framework for payment stablecoin issuers. Its reserve rules aim to make each token a safer dollar claim, while the public blockchains moving those tokens retain their own fee markets and capacity limits. A Federal Reserve staff paper, first … Read more

The Commodity Futures Trading Commission (CFTC) asked a federal court on Sept. 2 to dismiss CME’s challenge to Kalshi’s Bitcoin perpetual contract. The lawsuit turns on whether a contract without a fixed expiration belongs in the US futures regime. Before the court reaches that question, the regulator says CME must first show an injury the … Read more

House Republicans have erased most of the remaining pre-election runway for the CLARITY Act despite mounting pressure to pass it. House Republican leaders canceled votes for the weeks of Sept. 21 and Sept. 28, moving the chamber’s departure to Sept. 17 from Oct. 1. The House is scheduled to return Sept. 14 for four voting … Read more