Coinbase Chief Legal Officer Paul Grewal has signaled that FIT21 – the Financial Innovation and Technology for the twenty first Century Act – is about to see significant legislative motion inside 48 hours, a declare that lands at exactly the second Senate negotiations over crypto market construction are reaching a important inflection level. The fast…
Li Xiong, 41, the previous chairman of Huione Group and a core member of what Chinese authorities name the Chen Zhi felony syndicate, was escorted off a China Southern Airlines flight in Beijing on April 1 – shaven-headed, handcuffed, flanked by officers from China’s Ministry of Public Security. The actual story is what his extradition…
Alabama has grow to be the second US state to grant decentralized autonomous organizations (DAOs) formal authorized recognition, with Governor Kay Ivey signing the Alabama DUNA Act (Senate Bill 277) into legislation on April 1, 2026 – a transfer that arms Alabama crypto DAOs full authorized persona, legal responsibility safety, and a transparent path to…
Federal Reserve Governor Michael Barr invoked a “lengthy and painful historical past of personal cash created with inadequate safeguards” in remarks Tuesday, making probably the most pointed Fed case but for aggressive stablecoin oversight underneath the newly enacted GENIUS Act. The feedback land straight on the 2 largest issuers in a $200 billion market –…
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,…