U.S. Federal Reserve moves on proposals to implement GENIUS Act for stablecoins The U.S. Federal Reserve has moved forward with proposals aimed at implementing the GENIUS Act, a law focused on the regulation of stablecoins. The proposals mark a step toward putting the legislation into practice. Their development will help establish how the Federal Reserve’s…
Bond volatility surges while bitcoin and Wall Street stay calm Volatility in bond markets has risen even as bitcoin and Wall Street have remained relatively calm, highlighting a divergence across major financial markets. The contrast matters because government bonds, equities and digital assets are often monitored together as indicators of broader market sentiment. A sharp…
Apple And Nvidia Tokenized Stocks Can Now Back USDC Loans On Aave Aave has launched a new “Equities Hub” on Base that allows eligible non-U.S. users to use tokenized shares of major U.S. companies as collateral to borrow USDC. The market supports seven Coinbase-issued tokenized equities at launch: Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and…
XRP Ledger’s Batch upgrade slips to Oct. 9 after validator support resets The XRP Ledger’s planned Batch upgrade has been delayed until Oct. 9 after support from validators reset, pushing back the timeline for the network change. Validator support is a key part of the XRP Ledger’s upgrade process. Validators help confirm whether a proposed…
US Aims to Turn Stablecoins Into a Weapon for Dollar Dominance Washington is considering ways to use private stablecoin ventures abroad as part of a broader effort to protect the US dollar’s role as the world’s primary reserve currency and support demand for US government debt, according to the available details. The idea centers on…
KALSHI RULING RIPS CFTC POWER OVER PREDICTION MARKETS The D.C. Circuit just let Kalshi keep running election contracts, denying the CFTC’s last-ditch bid to block the platform while the appeal plays out. That single order means traders can now bet on House, Senate, and presidential control through a regulated U.S. exchange, shifting liquidity from offshore…
JUDGES HALT TEXAS BLOCKCHAIN SEIZURE, BUT ONLY FOR NOW A Texas appeals court just bought blockchain firm Envy a temporary reprieve from what looked like an imminent state takeover of its mining operations. The ruling keeps the heat on, but stops short of declaring whether crypto assets count as property that can be seized in…
CFTC WINS MANDAMUS — COURTS CANNOT SILENCE ENFORCEMENT A federal appeals court just reminded district judges that they do not get to decide which regulators may speak in public. The Seventh Circuit granted the Commodity Futures Trading Commission an extraordinary writ of mandamus, ordering Judge Robert Blakey to stop blocking the agency from disclosing information…
SEC Court Order Threatens Bilzerian Crypto Comeback A federal judge in Washington has ordered Paul Bilzerian and his allies to stop using any legal maneuvers to dodge a 2001 injunction that blocks them from launching new ventures. The ruling matters because Bilzerian has been trying to re-enter markets through crypto-related entities, raising fresh questions about…
US Charges Man After Crypto Scam Wallets Received More Than $53M US prosecutors have charged a Vietnamese national with money laundering in a case tied to so-called “pig butchering” cryptocurrency scams, alleging that wallets under his control received more than $53 million in fraud-linked assets from US victims. Trung Nguyen Van, 37, faces two money-laundering…
Court Strikes Down SEC’s Token-Centric Test, Shifts Crypto Oversight to Congress In a sharp rebuke to the SEC, the Supreme Court has ruled that the agency’s decades-old test for classifying digital assets as securities cannot stand in its current form. The decision immediately loosens the agency’s chokehold on token sales and hands lawmakers the job…
Court Hands CFTC Clear Win on Swap Authority The Seventh Circuit just told the CFTC it can keep policing uncleared swaps even when one side claims it was never a swap. In a 2–1 decision, the judges upheld a $3.4 million penalty against the Conway Family Trust for failing to register as a swap dealer,…
Court Rejects SEC’s Attempt to Expand Broker Definition, Sparking Crypto Cheers The Fifth Circuit just handed crypto exchanges a major win by narrowing the SEC’s definition of “broker” under federal securities law. This ruling limits the agency’s reach and signals that not every trading platform or token-related service automatically falls under its jurisdiction. Markets are…
SEC LOST A CRYPTO ROUND, BUT THE FIGHT IS FAR FROM OVER A New York appellate court just handed crypto traders a narrow win and the SEC a warning shot. The Second Department ruled that a commodities broker can’t be held liable for a client’s crypto trading losses simply because the broker allowed margin trading…
Bullish Takes Aim at Wall Street’s Tokenized Stock Ownership Gap Bullish is focusing on the gap between traditional Wall Street stock ownership and the emerging market for tokenized assets. The available information does not provide further details about the company’s plans, partnerships, products or timeline.
Court Orders CFTC to Justify Its Kraft Raid CFTC lawyers just lost a fight to hide how they went after Kraft Foods — and the ripple effects could reach every crypto trader who ever touched a futures contract. The Seventh Circuit told the agency to explain why it raided the snack giant’s records in the…
Court Order Creates New Crypto Battleground in Chicago Three separate lawsuits over digital asset trading just got bundled into one federal case in Chicago. A federal panel of judges ordered the consolidation last week after one plaintiff pushed to move everything to Illinois. The move matters because it could shape how regulators treat crypto trading…
JUDGES HAND SEC A CRUSHING DEFEAT ON CRYPTO A three-judge panel of the Fifth Circuit just stripped the SEC of one of its sharpest weapons against digital-asset markets, ruling that the agency cannot use emergency asset freezes to punish firms without first proving a clear statutory violation. The decision hands crypto exchanges, token issuers, and…
Decrypt Media and FOMO Hour’s Farokh Sarmad to Take Main Stage at NEXTPredict NY Conference Farokh Sarmad, a thought leader associated with Decrypt Media and FOMO Hour, is set to take the main stage at the NEXTPredict NY conference. Sarmad’s appearance places a prominent media and community voice from the crypto sector on the event’s…
CFTC WINS ON APPEAL — MONEX FACES NEW TEST The Ninth Circuit just handed the CFTC a major win in its long-running battle with precious-metals dealer Monex, reversing a lower-court dismissal and declaring that leveraged retail metals contracts can qualify as “commodity futures” under the CEA. For the first time in years, the agency has…
