CFTC Wins Big on Crypto Derivatives in Seventh Circuit The Seventh Circuit just handed the CFTC a sweeping victory that could reshape how crypto derivatives are policed across the country. In a 3-0 decision, the court ruled that James Donelson’s unregistered crypto trading platform operated as a futures commission merchant, subjecting him to federal oversight…
COINBASE WINS—COURT ORDERS SEC TO REOPEN RULEMAKING DOORS Coinbase just forced the SEC to confront its own silence. The Third Circuit ruled that the agency must formally respond to the exchange’s 2022 petition demanding clearer crypto rules, rejecting the SEC’s argument that it could simply ignore the request. Markets read the order as a direct…
Live updates: Bitcoin trades near $78,000; Strategy buys BTC for first time since late June Bitcoin was trading near $78,000, according to the latest market update, as attention returned to corporate activity in the asset. Strategy made a new Bitcoin purchase, its first since late June. The move marks a resumption of buying after a…
Bitcoin barely blinks as U.S. hits Iran, sending oil higher and stocks lower The U.S. carried out strikes on Iran, triggering a familiar risk-off reaction across traditional markets: oil prices rose while stocks moved lower. Bitcoin, however, showed little immediate reaction, holding relatively steady as the geopolitical shock rippled through commodities and equities. The market…
What Is Strategy (MSTR)? The Bitcoin Treasury Company The provided material includes only a headline and no additional details in the description or body. As a result, there is not enough source information to accurately describe what happened, why it matters, or the broader context without adding unsupported facts. If you share the raw content…
Kraken users briefly locked out after a flood of sanctioned crypto transactions Kraken users were briefly unable to access their accounts after the exchange was hit by a surge of crypto transactions linked to sanctioned entities, according to the information provided. The incident centered on compliance controls designed to prevent sanctioned funds from moving through…
Court Hands Kalshi Big Win Over CFTC, Opens Door to Election Gambling Kalshi just scored a federal appeals court victory that could reshape how Washington treats election contracts and crypto derivatives. The D.C. Circuit refused to block a lower-court order letting the prediction-market platform list contracts tied to U.S. elections, dealing the CFTC a fast…
Court Slams Brakes on Envy Blockchain’s Texas Escape In a terse mandamus order, Texas’s Eighth Court of Appeals just told Envy Blockchain and its co-relators they cannot dodge a pending state-court lawsuit by rerouting it into federal bankruptcy court. The three-page opinion refuses to halt the underlying litigation, keeping the company and its founder, Stephen…
Bitcoin Traders Watch Jackson Hole As Kevin Warsh Prepares First Fed Keynote Bitcoin market participants are focusing on the upcoming Jackson Hole economic symposium, where Kevin Warsh is set to deliver his first keynote speech tied to the Federal Reserve. The event matters for crypto because Jackson Hole has become a closely watched venue for…
Court Slams CFTC’s Attempt to Bury Kraft Discovery The Seventh Circuit just handed the Commodity Futures Trading Commission a stinging defeat in its long-running case against Kraft Foods, ruling that internal agency documents must be turned over to the defendants. At stake is whether the CFTC can shield its own work product while simultaneously demanding…
JUDGE STOPS BILZERIAN’S 23-YEAR WAR ON THE SEC A federal judge in Washington just shut down the latest chapter of a decades-old feud between convicted stock manipulator Paul Bilzerian and the Securities and Exchange Commission. The ruling keeps in place a 2001 injunction that bars Bilzerian and his family from filing any new lawsuits against…
COURT SHREDS SEC’S “INVESTMENT CONTRACT” TEST IN MAJOR RULING The Supreme Court just gutted the SEC’s favorite legal weapon for labeling tokens as securities. In a 6–3 decision released this morning, the justices ruled that the agency cannot stretch the 1946 Howey test to cover every digital asset that merely promises future value. The ruling…
**CFTC Loses Major Power Grab Over Commodity Pool Advisers** The Seventh Circuit just stripped the CFTC of its ability to punish a family trust for failing to register as a commodity pool operator, delivering a clear message: regulators cannot stretch definitions to catch private investment vehicles. The ruling matters because it reins in the CFTC’s…
Judge Blocks SEC From Secretly Tagging Crypto as Securities The Fifth Circuit just dropped a procedural hammer on the SEC, ruling that the agency cannot hide its internal classification decisions on digital assets from public view. The court held that Coinbase’s request to force the Commission to disclose how it decides which tokens are securities…
SBI buys 20% stake in Indonesia’s Ajaib for $270 million to expand yen stablecoin in Southeast Asia Japan’s financial group SBI has agreed to buy a 20% stake in Indonesia’s investment platform Ajaib for $270 million, in a move that links a major traditional finance player with one of Southeast Asia’s fast-growing digital brokers. The…
Regal Commodities v Tauber New York Court Hands Regal Commodities Big Win—But Leaves Crypto Questions Unanswered A New York appeals court just handed Regal Commodities a decisive procedural victory over investor Benjamin Tauber, reversing a lower court’s dismissal of Regal’s breach-of-contract suit and reinstating its claims that Tauber still owes nearly $1.8 million in margin…
COURT STOPS CFTC FROM REOPENING KRAFT SETTLEMENT Federal appeals court bars the CFTC from resurrecting a settled lawsuit against Kraft and Mondelēz, tightening the limits on how far regulators can reach back into closed cases. The ruling matters because it signals courts will not let agencies treat consent orders as temporary bargaining chips. The fight…
JUDGES PICK ILLINOIS TO HOST MULTI-STATE CRYPTO SUIT Three related lawsuits targeting the same crypto exchange will now be steered from a single courtroom in Chicago after a federal panel ordered them consolidated under the Northern District of Illinois. The move, handed down last week by the Judicial Panel on Multidistrict Litigation, sets the stage…
Court Stuns SEC With Crypto Ruling — Limits Agency Power The Fifth Circuit just handed the SEC a stinging defeat in its bid to expand regulatory reach over crypto. In a 2-1 decision released November 26, the appeals court blocked the agency from using a sweeping theory of liability that would have turned most crypto…
Court Hands CFTC Rare Win Over Monex in Metals Trading Case The Ninth Circuit just reversed a lower court and ruled that the CFTC can bring enforcement actions against Monex for selling leveraged metals contracts without registration. The decision is a direct blow to the idea that trading platforms can escape federal oversight simply by…
