Prediction Markets and SCOTUS: The Case That Could Change Everything
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Clarity Act Defeat Lets SEC and CFTC Steer Crypto Regulation
How the Clarity Act’s Defeat Handed the SEC and CFTC the Wheel on Crypto The defeat of the Clarity Act has left the Securities and Exchange Commission and the Commodity Futures Trading Commission at the center of U.S. crypto oversight, rather than establishing a new framework through legislation. The outcome matters because it keeps regulatory…
Duelbits Vanishes Offline Following $7 Million Hot Wallet Breach
Crypto casino Duelbits goes offline after $7 million hot wallet hack Crypto casino Duelbits has gone offline following a hack involving one of its hot wallets, with losses reported at approximately $7 million. A hot wallet is a cryptocurrency wallet connected to the internet and used to process transactions. While this accessibility makes funds easier…
SEC Wins Key Ruling as Binance Case Heads to Discovery and Trial
SEC Wins Key Ruling, Binance Case Heads to Trial The U.S. District Court for the District of Columbia just handed the SEC a major procedural victory in its sprawling lawsuit against Binance Holdings and founder Changpeng Zhao. Judge Amy Berman Jackson refused to dismiss the core charges, ruling that the agency’s allegations—centered on unregistered securities…
Seventh Circuit Blocks CFTC’s Secret Kraft Raid, Forcing Transparency in Discovery
Judge Blocks CFTC’s Secret Kraft Raid The Seventh Circuit just slammed the brakes on the CFTC’s attempt to raid Kraft’s files without notice. In a rare writ-of-mandamus move, the court told the agency it cannot simply bypass the district judge and grab millions of internal documents on the cheap. The ruling matters because it shows…
Supreme Court Rules Crypto Tokens Are Commodities, Shrinking SEC Reach
Court Backs Crypto as Commodity, Shrinks SEC Reach The Supreme Court ruled today that digital assets are commodities, not securities, in a landmark decision that cuts the SEC’s power to regulate crypto markets. The 6-3 ruling in *Coinbase v. SEC* says most tokens fall outside the agency’s jurisdiction, shifting oversight to the CFTC and forcing…
Deribit Earns Dubai Brokerage License With Coinbase
Deribit Secures Dubai Broker-Dealer License via Coinbase Deribit has secured a broker-dealer license in Dubai through Coinbase, marking a regulatory step that connects Deribit’s operations to a licensed pathway in the UAE. The development centers on Dubai’s role as an increasingly prominent jurisdiction for digital-asset firms, where companies seek formal permissions to offer services under…
