Commodity Futures Trading Commission (CFTC) Chairman Michael Selig told House lawmakers the agency will pursue anyone committing fraud or insider trading in prediction markets with “the full force of the law.” Selig appeared before the House Agriculture Committee on Thursday as the agency faces mounting pressure over fast-growing event contract platforms and suspicious trades tied…
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Galaxy Digital filed a letter with the SEC’s Crypto Task Force this week, arguing that automated market makers (AMMs) should be allowed to trade tokenized securities without registering as exchanges. The submission directly challenges positions taken by SIFMA, the lobbying group that represents traditional Wall Street broker-dealers. Galaxy Says AMMs Fall Outside Exchange Rules In…
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Circle Internet Group CEO Jeremy Allaire said he sees “tremendous opportunity” for a yuan-backed stablecoin as digital currencies reshape global trade payments. Allaire made the remarks in a Reuters interview in Hong Kong on Thursday, predicting China could roll out a yuan stablecoin within three to five years. Stablecoins Turn Into a Currency Arms Race…
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US Treasury Secretary Scott Bessent marked Tax Day by praising the Working Families Tax Cuts, saying tens of millions of Americans now keep more of their paychecks. But for Bitcoin (BTC) users, the tax code tells a very different story. Cato Institute research fellow Nicholas Anthony published a new analysis arguing that capital gains rules…
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The Commodity Futures Trading Commission (CFTC) is reportedly investigating suspicious oil futures trades placed minutes before President Donald Trump’s Truth Social posts about Iran de-escalation talks. The probe follows weeks of pressure from Democratic lawmakers who flagged unusual activity in crude oil markets tied to the president’s announcements. Hundreds of Millions Bet Before Trump’s Posts…
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The SEC on April 14 approved FINRA’s proposal to eliminate the $25,000 minimum equity requirement for pattern day traders. This removed one of the most persistent barriers to retail market participation. The decision also removes the “pattern day trader” designation, a classification that flagged any customer who executed four or more day trades within five…
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Federal Reserve Chair nominee Kevin Warsh filed a 69-page financial disclosure with the US Office of Government Ethics on April 14, revealing assets worth well over $100 million across crypto, AI, and private equity. The filing clears the last major bureaucratic step before the Senate Banking Committee can schedule his confirmation hearing. Warsh’s Disclosure Reveals…
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Hester Peirce is fueling a regulatory clash inside the SEC after new guidance on crypto interfaces raised fresh questions about whether wallets and front-end tools should be treated as broker-dealers. The pro-crypto SEC commissioner urges public comments to help refine regulations, aiming to preserve innovation in user tools for self-custody and blockchain interactions without overly…
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Director of National Intelligence Tulsi Gabbard declassified closed-door 2019 transcripts tied to President Donald Trump’s first impeachment. The documents had been withheld for more than seven years. They detail briefings with then-Intelligence Community Inspector General Michael Atkinson about the whistleblower complaint that triggered impeachment proceedings. Transcripts Allege Undisclosed Partisan Ties The newly released . He…
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The American Bankers Association (ABA) fired back at a White House Council of Economic Advisers (CEA) report, arguing it ignored the real risk stablecoin yield poses to community banks. The CEA paper concluded that prohibiting yield on payment stablecoins would increase total bank lending by just $2.1 billion, or 0.02% of all loans. It estimated…
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