COURT GUTS IRS crypto tracing powers — but keeps door open
Federal judges have slashed the IRS’s broad sweep-netting rights over crypto wallets in a Washington DC federal court. The decision sent immediate tremors through exchanges, analysts, and anyone holding tokens whose job it involves tracing transactions back<|eos|>
SEC Forces CFTC Hand on Crypto Oversight Battle The Seventh Circuit Court just slapped down the CFTC’s bid to seize control from the SEC in a high-stakes clash over Kraft’s $60 million derivatives dispute, handing a rare mandamus win to the futures watchdog. This ruling exposes cracks in federal agency turf wars, potentially tilting crypto…
GG Story of the Year 2025: Crypto Gaming Collapses as Funding Dries Up Crypto gaming’s funding pipeline shrank sharply in 2025, leaving many GameFi teams without the capital needed to keep building. The downturn was marked by a steep decline in quarterly investment and a parallel slide in token valuations, a combination that drained project…
Someone Just Lost $1 Million on Polymarket Over Spain World Cup Shocker A Polymarket user lost roughly $1 million after a prediction tied to Spain and the World Cup resolved against their position, highlighting how quickly high-conviction bets can turn into large losses on crypto-based prediction markets. Polymarket is a blockchain-based prediction platform where users…
Diamond Fortress Sues Over Failed Crypto Deal, Court Hands Win to Defense Delaware’s Superior Court just shut down a breach-of-contract suit brought by Diamond Fortress Technologies and its founder Charles Hatcher II, ruling that the company’s claims against an unnamed crypto partner were too vague to survive. The decision matters because it signals how aggressively…
US Crypto Bill Lets Tesla, Meta Dodge SEC—Warren Sounds Alarm US lawmakers are fast-tracking a crypto market structure bill that could hand giants like Tesla and Meta a free pass from SEC oversight. Dubbed the “US CLARITY” bill, it’s one of three measures hitting the House floor next week, promising to redefine digital asset rules….
SEC Crushed: CFTC Claims Authority Over Kraft’s $300M Crypto Bet The Seventh Circuit just slammed the door on the CFTC’s bid to muscle into a private corporate dispute, denying mandamus against Kraft Foods in a high-stakes fight over a $300 million bitcoin-linked derivatives bet gone sour. This ruling reins in the CFTC’s aggressive reach, handing…
