Sen. Cynthia Lummis is backing the CLARITY Act as Congress wrestles with the crypto industry’s biggest question: who regulates what? The bill could bring long-needed rules for tokens, exchanges, custody, and DeFi — but it’s no free pass, and the Senate fight is just getting started.
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CFTC’s Michael Selig drew a clear line: crypto perpetuals make sense for nonstop digital markets, but they’re a clumsy fit for crops that depend on harvest cycles, physical delivery, and limited trading hours. The debate now cuts into U.S. crypto regulation, market structure, and who gets to write the rulebook.
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The CLARITY Act is heading for a Senate fight it may not win easily: Republicans need Democratic support to reach the 60 votes required, and the August recess is closing the window. If Congress stalls, crypto market rules could be delayed for years.
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CFTC permanently bars Celsius founder Alex Mashinsky from trading after Celsius’s collapse, marking the agency’s first crypto-lending enforcement case. It’s a sharp reminder that “high yield” can mask high risk, weak controls, and a very expensive trust problem.
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CFTC permanently bans Celsius founder Alex Mashinsky from regulated markets, closing another chapter in the Celsius blowup. No new fine, but the message is brutal: mislead users about safety, profit, or regulation, and the fallout can haunt you for years.
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SEC and CFTC are reopening crypto derivatives rules as CME threatens to sue over Kalshi’s Bitcoin perpetual futures, exposing a messy futures-vs-swaps fight that could reshape U.S. crypto market regulation.
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CME is suing the CFTC over approval of crypto perpetual futures, arguing the regulator overstepped and should treat perps as swaps. The fight could decide whether the U.S. brings this huge, leverage-fueled market onshore or leaves it to offshore venues.
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Kentucky is suing Kalshi and Polymarket, calling their sports-linked prediction markets illegal sportsbooks, not financial products. The case spotlights a growing state-vs-federal battle over who regulates event contracts and whether “innovation” is just betting in a nicer suit.
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CFTC Chairman Selig taps two new senior officials as agency expands amid prediction market fights The Commodity Futures Trading Commission is adding senior firepower just as prediction markets become one of the nastier regulatory battlegrounds in U.S. finance. Two new senior officials added at the CFTC Prediction markets face growing regulatory scrutiny Crypto and DeFi […]
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U.S. crypto regulation is still being shaped by the wreckage of FTX, and the latest developments involving Sam Bankman-Fried, the CFTC, and state regulators show just how messy the cleanup remains. Court rejection keeps SBF under pressure CFTC enforcement remains a major threat to crypto firms State regulators are still carving up the map U.S. […]
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