Crypto Groups Move to Block Illinois Tax CCI and the Blockchain Association are asking a court to stop Illinois’ proposed 0.2% tax on cryptocurrency activity before it takes effect in January. The groups argue the levy is unconstitutional and would create expensive compliance demands for businesses operating in the state. The legal challenge follows an…
Crypto lost $1.26 billion in hacks while bitcoin bulls enjoyed a monster quarter The crypto industry recorded 247 security incidents in the third quarter, with losses totaling $1.26 billion, according to data tracked by crypto security firm CertiK. That brings estimated losses for the year so far to $2.68 billion. September stood out as the…
Trump Floats $5,000 Checks Tied to 2026 Midterms, Raising Questions About a $1.2 Trillion Price Tag U.S. President Donald Trump used a Republican midterm convention speech in Dallas to promote a proposal that would send $5,000 to every adult U.S. citizen if Republicans retain control of both the House and Senate in the Nov. 3,…
‘Casino Secrets’ Leak Ties UK Bookmakers to Offshore Mystake Operator A leak known as “Casino Secrets” has reportedly linked UK bookmakers to Mystake, an offshore gambling operator. The available information does not identify the bookmakers involved or provide details about the nature of their relationship with the platform. The disclosure matters because UK-licensed gambling businesses…
Court Deals Crushing Blow to CFTC in Kalshi Election-Bet Battle Kalshi just scored a decisive win against the Commodity Futures Trading Commission. A federal appeals court in Washington refused to pause a lower-court order that lets the prediction-market platform offer contracts tied to U.S. election outcomes. The ruling keeps Kalshi’s high-stakes political bets live while…
Court Orders Envy Blockchain to Face Texas Jury The Eighth Court of Appeals in El Paso just refused to shield Envy Blockchain and its founders from a Texas trial, clearing the way for a state court jury to decide whether the company’s crypto-mining venture was a fraud or a failed business. The ruling slams the…
JUDGES CRUSH CFTC’S BID TO SILENCE KRAFT A federal appeals court just told the CFTC it cannot keep its enforcement case against Kraft Foods sealed from public view. The Seventh Circuit’s ruling strips away the agency’s attempt to litigate in the dark and hands Kraft a rare win over federal regulators. The decision matters because…
Crypto Wallets Can ‘Directly Compete With Neobanks’ Crypto wallets are increasingly being viewed as more than tools for storing and transferring digital assets. Their expanding role in financial services could allow them to compete directly with neobanks, which provide banking products through digital platforms rather than traditional branches. The comparison reflects a broader shift in…
SEC’s 34-Year Bilzerian Ban Ends in D.C. Courtroom A federal judge has formally ended a 2001 nationwide injunction that barred Paul Bilzerian and his family from “commencing or causing” new litigation against the SEC. The ruling removes the last legal restraint from a case that began in 1989 and sets a precedent for how long…
Court Hands SEC Narrow Win Over Crypto Platform, Leaves Broader Questions Open The Supreme Court handed the SEC a partial victory yesterday in a case that tested how far the agency can stretch its authority over crypto trading platforms. The 6-3 ruling confirms that certain digital asset exchanges must register when they offer investment contracts,…
COURT GUTS CFTC SWEEP ON RETAIL FOREX TRUSTS A federal appeals court just handed the CFTC a stinging defeat, ruling that the agency cannot treat a passive family trust as a futures-market “commodity pool” simply because it holds leveraged foreign-exchange contracts. The Seventh Circuit’s decision slashes the regulator’s reach over retail investors who trade currencies…
A16z’s $15 Billion Raise, Powell and Trump, and a Flat Crypto Market The supplied information highlights three major themes in crypto and financial markets: an alleged $15 billion fundraising effort by Andreessen Horowitz, tensions involving Federal Reserve Chair Jerome Powell and President Donald Trump, and broadly unchanged cryptocurrency markets. However, no additional details were provided…
Fifth Circuit Slams SEC’s Crypto Overreach in Landmark Win The Fifth Circuit just carved a new boundary around SEC power, ruling that the agency can’t treat every digital asset as an unregistered security without proving the classic Howey test elements. The decision sends an immediate chill through enforcement staff and hands exchanges and token projects…
Regal Commodities Wins Reversal, Tauber’s Crypto Losses May Reach Court New York’s Second Department just flipped the script on a commodities-fraud suit, giving Regal Commodities another shot at recovering millions from former client Jeffrey Tauber. The appellate panel ruled that Tauber’s alleged oral promise to cover trading losses on a crypto-related commodities account could still…
Morning Minute: Robinhood Adds Perps, Weekend Stocks, and AI Traders Robinhood is expanding its trading platform with perpetual futures, weekend stock trading, and AI-powered traders, according to the company’s latest announcement. The additions broaden Robinhood’s offering across both traditional and crypto markets. Perpetual futures, commonly known as perps, are derivatives that allow traders to take…
COURT FORCES CFTC TO DEFEND KRAFT PROBE IN OPEN COURT The Seventh Circuit just ordered the CFTC to justify its secret investigation of Kraft and Mondelez in public, a ruling that could crack open how regulators treat commodity-linked firms whose brands now double as crypto proxies. The decision strips the agency of its usual cloak…
Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown President Donald Trump is expected to name former Securities and Exchange Commission (SEC) Chair Jay Clayton as the White House’s artificial intelligence czar, according to reporting published on Oct. 2, 2026. If appointed, Clayton would take a central role in shaping the administration’s…
Fifth Circuit Slams SEC Over Crypto “Investment Contract” Overreach The Fifth Circuit just reversed a district court ruling that would have let the SEC treat nearly every crypto sale as an unregistered securities offering. The court held that a crypto asset itself is not automatically an “investment contract” under the Howey test just because someone…
COURT SLAMS BRAKES ON CRYPTO MULTI-DISTRICT MUDDLE A federal judicial panel has denied Anthony Motto’s bid to bundle three scattered lawsuits against a crypto platform into one Illinois courtroom, leaving plaintiffs to fight the same claims in California, Pennsylvania, and Illinois. The ruling keeps the cases alive but scattered, which means the company can continue…
Gemini 4 Is Here, and Google’s Flagship Tops All Other AI Models on Cybersecurity Google has introduced Gemini 4, positioning its latest flagship artificial intelligence model as the leading system for cybersecurity performance. The claim places cybersecurity at the center of the model’s launch. For companies working with digital assets, financial infrastructure and blockchain systems,…
