Fifth Circuit Delivers Setback to SEC in Crypto Fight

Klarna Teams With Stripe’s Privy to Build Crypto Wallet ‘For the Masses’ Klarna has signed a research partnership with Privy, the wallet infrastructure platform owned by Stripe, to explore and co-design a potential crypto wallet for Klarna users, the companies said in a Thursday announcement. The effort is focused on developing wallet features that could…

Crypto Ruling Jolts SEC’s Stablecoin Playbook The Fifth Circuit just handed the SEC a partial defeat on stablecoin enforcement, ruling that not every token labeled “investment contract” automatically qualifies as a security. Judges said the agency must prove purchasers bought with an expectation of profits derived primarily from the issuer’s efforts—language that could reshape how…

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…

JUDGES BLOCK CRYPTO FORUM-SHOPPING IN THREE-STATE SUIT A federal judicial panel has rejected efforts to consolidate three related crypto lawsuits into a single Illinois courtroom, forcing the cases to proceed separately across three states. The decision signals that courts are tightening control over where crypto disputes land—and who gets to steer them. Plaintiff Anthony Motto,…

AI Pause Would Help Dominant Firms, Not Safety, Think Tank Warns A think tank has warned that pausing artificial intelligence development would benefit dominant technology firms rather than improve safety. The warning challenges the idea that a broad suspension of AI progress would address the risks associated with the technology. It suggests that a pause…