Political and Regulatory News

SEC Commissioner Hester Peirce to leave post on Oct. 2

SEC Commissioner Hester Peirce resigns Oct 2. She will join Regent University law school as an associate professor in November.

CFTC issues warning over risky prediction market ‘mention’ contracts

CFTC warns prediction market mention contracts pose high manipulation risk due to reliance on unverifiable personal conduct.

Senator Seeks Probe of US Presidents Sons Over Crypto Ventures

Senator seeks probe into US presidents sons' crypto ventures, including Donald Trump Jr. and Hunter Biden, over financial gain concerns.

CFTC submits crypto market regulation plan for White House review

CFTC submits crypto market regulation plan to White House for review, advancing its oversight strategy for digital assets.

CoinShares crypto researcher notes Germany’s lead in adoption

CoinShares crypto researcher notes Germany's strong crypto adoption, contrasting with the UK's slower progress due to regulatory delays.

Fed Chair Implies Trump Economic View Partially Correct

Fed Chair implies Trump's economic policies could be a factor in the current landscape after a 25 basis point rate hike.

Ethiopia reduces power supply to Bitcoin miners due to drought

Ethiopia cuts electricity to Bitcoin miners by 77% due to drought and hydropower shortages, prioritizing households and manufacturing.

EU cyber rules mandate 24-hour bug reporting for crypto wallets

New EU cyber rules mandate crypto wallet providers report severe bugs within 24 hours under the Cyber Resilience Act. Penalties apply for non-compliance.

Crypto Billionaires Hand Reform UK $97M in Record Donations

Crypto billionaires donate $97M to Reform UK, a record sum for a British political party, signaling a new trend in political financing.

Revised CLARITY Act targets ‘non-decentralized’ DeFi operators

A revised CLARITY Act proposes U.S. regulators determine if non-decentralized DeFi operators must comply with securities, commodities, and AML requirements. The bill de..

EU finance groups push to remove tokenized securities cap

EU financial groups urge removal of proposed 100 billion euro tokenized securities cap, suggesting a minimum of 500 billion euro if a cap is maintained.

Silvergate ex-CEO blames Biden pressure for bank’s 2023 wind-down

Silvergate's ex-CEO blames Biden pressure for the bank’s 2023 voluntary wind-down, asserting it was solvent despite deposit runs.

FBI Seizes Crypto Intended for Al Qassam Brigades

The FBI seized $560,000 in cryptocurrency allegedly used by Hamas to fund the Al Qassam Brigades, disrupting their online donation infrastructure.

George Santos Banned by Kalshi for Market Manipulation

Kalshi banned George Santos and fined him $71,356 for market manipulation concerning his State of the Union attendance contract, earning $17,839.57.

El Salvador’s post-review Bitcoin accumulation used no public funds: IMF

IMF confirms El Salvador’s post-review Bitcoin accumulation used no public funds, with holdings from private donations. Chivo wallet ownership transferred.

National Sheriffs’ Association Adopts Neutral Stance on CLARITY Act

NSA shifts from opposing the CLARITY Act to neutral, allowing the crypto bill's Senate vote to proceed.