The CFTC has fined Peken Global Limited – the KuCoin working entity – $500,000 and issued a everlasting injunction barring the alternate from serving U.S. merchants, closing a civil enforcement loop that started with a March 2024 criticism towards the platform for operating an unregistered futures fee service provider and swap execution facility. The order…
The U.S. Department of Labor launched a proposed rule Monday that will open 401(okay) retirement accounts to cryptocurrencies and different various belongings – a direct implementation of President Trump’s August govt order and a structural shift that places up to $12 trillion in retirement capital inside attain of digital asset markets for the primary time…
Senator Richard Blumenthal despatched a proper letter to SEC Chairman Paul Atkins on Monday, demanding information and communications associated to enforcement selections involving Trump-linked crypto corporations, together with why the company settled fraud prices towards Tron founder Justin Sun for simply $10 million after three years of litigation. The letter, addressed to Atkins in his…
The NFL despatched letters to Kalshi and Polymarket on Sunday demanding the prediction market platforms “chorus from providing trades on occasions that may be simply manipulated or decided prematurely,” and the CFTC simply handed the league vital institutional leverage to again that demand. CFTC Chairman Michael Selig informed ESPN sports activities betting correspondent David Purdum…
The Senate Banking Committee is focusing on the week of April 13 for Kevin Warsh confirmation listening to as Federal Reserve chair, citing two sources acquainted with the matter. The timeline places Warsh on a direct path to exchange Jerome Powell earlier than his May 15 time period expiration – and it places a identified…
The UK Foreign, Commonwealth & Development Office sanctioned Xinbi, a Chinese-language crypto assure market that processed $19.9 billion in illicit flows between 2021 and 2025, slicing it off from the worldwide crypto ecosystem efficient March 26, 2026. The designation freezes all UK-linked belongings, bars British banks, crypto companies, and people from transacting with the platform,…
India Central Bureau of Investigation has arrested a Mumbai-based suspect it identifies as a key trafficking kingpin who funneled Indian nationals into crypto fraud compounds in Myanmar’s Myawaddy area, a cross-border enforcement motion that pulls collectively intelligence threads from Thailand, Myanmar, and Cambodia. The operation marks one among India’s most operationally particular strikes but towards…
A bipartisan group of senators launched the Public Integrity in Financial Prediction Markets Act of 2026 on Thursday, prohibiting authorities officers from utilizing nonpublic data to commerce prediction-market contracts and imposing fines equal to twice the income earned. It is the second prediction market invoice launched this week alone. That cadence isn’t a coincidence. It…
House Financial Services Committee rating Democrat Rep. Maxine Waters despatched a proper letter Thursday to Federal Reserve Bank of Kansas City President Jeff Schmid, demanding solutions on why Kraken’s banking subsidiary was granted a Federal Reserve grasp account, and what that entry really means in observe. Waters set an April 10 response deadline, asking Schmid…
Coinbase has once more refused to again the Digital Asset Market Clarity Act, telling the Senate this week it can not help the newest draft textual content, a model particularly engineered to deal with banking-sector objections over stablecoin yield. The revised invoice, circulated Monday and led by Senators Thom Tillis and Angela Alsobrooks, would prohibit…