Topic
How the rules for digital assets are being written: market-structure bills, stablecoin law, and what the SEC and CFTC are doing in the meantime.
The International Monetary Fund warns that tokenized finance and instant settlement could amplify market crises by removing the time buffers central banks need to intervene. The report essentially argues that speed, crypto's greatest selling point, might be its biggest systemic risk.
Prediction market platforms are expanding aggressively into Asia's largest economies, but murky legal definitions and sweeping anti-gambling laws create real uncertainty about where these platforms can actually operate. The result is a test case for whether crypto infrastructure can navigate regulatory systems that weren't written with blockchain in mind.
Federal regulators are suing multiple states to stop local crackdowns on prediction market platforms. The deeper issue is not just legal venue, but whether event contracts will be treated as financial products with national standards or fragmented state-by-state gambling products.
The CFTC’s settlement with a former FTX engineer closes a symbolic chapter in post-collapse accountability. More importantly, it hints at a maturing enforcement approach focused on provable conduct and durable deterrence rather than headline volume.
A reported near-term compromise around the CLARITY Act, especially on stablecoin yield language, is more than legislative theater. It may determine whether U.S. crypto evolves as a bank-adjacent payments system, an open onchain capital market, or an awkward hybrid where innovation lives offshore.
Russia has approved legislation to legalize and restrict crypto trading, while S&P Dow Jones tokenized a key Treasuries index on blockchain, highlighting efforts to blend crypto with mainstream finance.
The SEC issues its first official interpretation of how federal securities laws apply to crypto, potentially reshaping what can be traded freely versus what requires compliance.
The SEC has proposed amendments to Rule 15c2-11 that will reshape how broker-dealers qualify and trade securities in unregulated markets. The changes signal a significant shift in how the agency oversees the shadow corner of equity markets.
Judge Margaret Ryan, director of the SEC's Enforcement Division, has resigned from the agency. The departure signals potential shifts in how crypto and financial markets will be policed under the new administration.
While Westminster moves to ban crypto political donations, a new Coinbase Institute survey reveals 80% of UK voters aged 16-25 now see crypto literacy as essential to political credibility—forcing parties to choose between ideology and electoral relevance.