Tom Lee Says a 2% Bitcoin Allocation Grew Into 85% of Some Portfolios Fundstrat Global Advisors founder and Bitmine Chairman Tom Lee says a small Bitcoin allocation recommended more than a decade ago dramatically reshaped the portfolios of clients who followed it. According to Lee, Fundstrat advised clients who were willing to take on crypto…
Court Slaps CFTC Over Kalshi Election-Bet Approval Federal judges just told the CFTC to stand down on blocking Kalshi’s election contracts, handing the derivatives exchange a rare win against federal oversight. The D.C. Circuit denied the agency’s emergency bid to freeze a lower-court ruling that already green-lit the contracts, meaning traders can start betting on…
Court Halts Texas Crypto Mining Shutdown A Texas appeals court just blocked a lower-court order that threatened to shutter an El Paso crypto-mining operation before the company could fight back. The ruling hands Envy Blockchain a temporary lifeline and signals that state courts may be reluctant to let local governments kill mining projects without due…
Court Orders CFTC to Justify Secret Kraft Subpoenas Federal appeals court demands regulators explain why they hid evidence in a seven-year commodity probe. The decision forces the CFTC to defend its tactics or risk losing key enforcement powers. Markets are watching for signs that commodity regulators may face tighter judicial oversight. The case began when…
SEC’s 34-Year Shadow Over Bilzerian Casts Chill on Token Markets A federal judge in Washington just refused to lift a 2001 nationwide injunction that still bars Paul Bilzerian from touching U.S. securities markets, even though the original 1989 fraud case is nearly ancient history. The ruling matters because it keeps a precedent alive that treats…
SEC SUFFERS SETBACK AS COURT NARROWS TOKEN CLASSIFICATION TEST In a landmark ruling that cuts directly at the SEC’s enforcement strategy, the Supreme Court has limited how broadly the agency can label digital assets as unregistered securities. The decision signals a retreat from the agency’s once-dominant “investment contract” theory and hands crypto developers and exchanges…
CFTC Loses Bid to Expand Its Reach Over Family Trusts In a stinging defeat for federal regulators, the Seventh Circuit just told the Commodity Futures Trading Commission it cannot treat a family trust like a professional trader. The Conway Family Trust beat back an enforcement action that had sought to impose registration, disclosure, and reporting…
Fifth Circuit Slaps Down SEC in Major Crypto Appeal A federal appeals court just handed crypto a rare legal win, striking down the SEC’s attempt to treat certain digital tokens as securities and narrowing the agency’s reach over decentralized platforms. The decision matters because it signals that judges may no longer rubber-stamp the Commission’s expansive…
Ruling Expands Crypto Trader Liability in New York A New York appeals court just handed crypto traders a harsher legal reality: if you promise to deliver digital assets and fail, you can now be sued for breach of contract in state court even if the trade was informal or undocumented. The March 27 decision in…
Grayscale Says U.S. Crypto Rules Can Advance Without CLARITY Act Grayscale has said that progress on cryptocurrency regulation in the United States does not necessarily depend on the passage of the CLARITY Act. The position suggests that regulatory developments could continue through other legislative or policy channels, even if the broader market structure bill does…
Court Orders CFTC to Explain Kraft Raid The Seventh Circuit just forced the Commodity Futures Trading Commission to justify why it raided Kraft’s headquarters and seized documents without a subpoena. The ruling turns a routine enforcement squabble into a test of how far the CFTC can push its investigative power before it needs judicial sign-off….
Kalshi wants 24/7 Tesla and Nvidia perps as Wall Street fights over who regulates them Prediction-market operator Kalshi plans to seek U.S. regulatory approval to list roughly 60 perpetual futures tied to individual stocks and exchange-traded funds, including Tesla, Apple and Nvidia. The Wall Street Journal reported that the products are intended to trade around…
Court Rejects Crypto Class-Action Consolidation Bid Three separate class actions against a major crypto exchange have been denied centralization by a federal judicial panel, leaving each case to proceed in its own district. The ruling keeps litigation fragmented and raises the stakes for the exchange, which now faces three separate juries and potentially three different…
Crypto Wins as Appeals Court Slams SEC Overreach The Fifth Circuit just handed the crypto industry a sharp victory by ruling that the SEC cannot treat digital assets as securities without proving buyers expected profits from the issuer’s ongoing efforts. In a single stroke, the court narrowed the SEC’s favorite weapon against exchanges and token…
Crypto, Banks Take Clarity Act Lobbying Fight to Senators’ Home States Crypto and banking interests are taking their lobbying battle over the Clarity Act to senators’ home states, bringing the debate over the legislation closer to the lawmakers and constituents who could influence its path forward. The move highlights the importance of the Clarity Act…
COURT STRETCHES CFTC NET OVER MONEX PRECIOUS-METALS A divided Ninth Circuit has handed the CFTC fresh leverage to police leveraged metals trades that skirt traditional futures markets. The 2-1 ruling revives claims that Monex Credit Company ran an illegal off-exchange retail commodity pool, putting every precious-metals dealer that offers financed positions on notice that the…
CFTC Loses Big on Digital Asset Jurisdiction A federal appeals court just handed the CFTC a rare and stinging defeat. The D.C. Circuit ruled that the agency exceeded its authority when it tried to punish crypto trader Trevor Kitchen for off-exchange digital asset transactions. The decision narrows the CFTC’s reach and signals that courts are…
Banks Have Minutes, Not Weeks, to Fix Flaws as AI Speeds Up Attacks: BIS The Bank for International Settlements (BIS) has warned that advances in artificial intelligence are giving attackers the ability to exploit vulnerabilities much faster than in the past. As a result, banks may have only minutes—not weeks—to identify and address security flaws…
CFTC Wins Big as Court Upholds Ban on Crypto Fraudster The Ninth Circuit just told serial crypto scammer James Devlin Crombie he can’t escape the CFTC’s reach. In a crisp opinion that keeps the agency’s enforcement hammer intact, the appeals court affirmed both the district court’s $2.1 million restitution order and its lifetime trading ban,…
COURT FREEZES 24 CRYPTO WALLETS IN TAX PROBE U.S. District Judge Dabney L. Friedrich just ordered the seizure of twenty-four cryptocurrency accounts tied to an IRS criminal investigation. The ruling gives the government broad power to reach digital assets even when their owners are unknown. For traders, it’s another reminder that wallets are not private…
