DWF Labs Firms Sue BitGo Over $141M Token Sales

Live updates: Bitcoin gives up early gains as markets price in multiple rate hikes Bitcoin surrendered its early gains as broader markets adjusted to expectations of multiple interest-rate increases. The move highlights the continued sensitivity of digital assets to changes in monetary-policy expectations. Higher interest rates can weigh on risk assets by increasing the appeal…

Court Hands Coinbase Major Win in SEC Showdown Coinbase just scored a rare procedural victory against the SEC in the Third Circuit. The appeals court ruled that the agency violated its own rules by refusing to consider Coinbase’s formal petition for clearer crypto regulations. That means the SEC’s “regulation by enforcement” strategy is now facing…

CFTC WINS — CROMBIE LOSES — CRYPTO GETS ITS FIRST CLEAR RULE The Ninth Circuit just handed the Commodity Futures Trading Commission a decisive win against James Devlin Crombie, confirming that the agency’s enforcement reach covers crypto futures and spot trading alike. The ruling matters because it is the first appellate-level decision to treat certain…

Franklin Templeton and Hashkey roll out U.S. tokenized money fund in Asia Franklin Templeton and HashKey have launched a U.S. tokenized money market fund offering in Asia, extending the reach of blockchain-based versions of traditional cash-management products into a region where regulated digital-asset infrastructure has been developing quickly. The rollout brings together a major global…

CFTC Snaps Fourth Circuit’s Leash, Keeps Commodities Hammer Swinging The Ninth Circuit just told a crypto trader the CFTC can reach across state lines to punish him for unregistered commodity-pool fraud, even when the pool itself never touched a single U.S. exchange. In a 2-1 decision that effectively erases any “offshore-only” safe harbor, the panel…