In brief The Ninth Circuit has denied Kalshi’s emergency request for an administrative stay Nevada can now file a civil enforcement action …
Federal
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Regulation
A Connecticut man now faces 21 federal charges for an alleged crypto scam
by shayaanby shayaanA man from Wolcott, Connecticut, is facing a 21‑count federal indictment after authorities say he defrauded investors of nearly $1 million in a cryptocurrency …
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Markets
Polymarket Files Federal Lawsuit Against Massachusetts, Questioning State’s Ability To Regulate Event Contracts
by shayaanby shayaanThe crypto-based prediction market Polymarket is going to battle against the state of Massachusetts. Polymarket’s chief legal officer, Neal Kumar, says the …
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Federal Reserve Chair Jerome Powell confirmed that the US will never have a central bank digital currency (CBDC) while he leads the …
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Regulation
Coinbase Asks FDIC, OCC and Federal Reserve To Remove Hurdles for Banks To Partner With Crypto Firms: Report
by shayaanby shayaanCrypto exchange Coinbase is calling upon federal regulators to clarify rules allowing banks to offer digital asset services, challenging what it describes …
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U.S. financial markets have long been burdened with a patchwork of outdated, overly complex, paternalistic rules. Meanwhile, the government’s failure to establish …
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Regulation
US Federal Reserve official arrested for selling US economic secrets to China
by shayaanby shayaanA former top dog at the Federal Reserve has been caught red-handed. John Harold Rogers, a 63-year-old Virginia resident and longtime Fed …
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Regulation
JPMorgan Chase Spends $2,140,000,000 Battling Bank Lawsuits and Federal Agencies in Two Years: Report
by shayaanby shayaanNew filings from JPMorgan Chase reveal how much money the biggest bank in the US is spending on legal battles. The bank’s …
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Markets
Crypto's Senate Ally Lummis Pushes Federal Agencies on Digital Assets Issues
by shayaanby shayaanRepublican U.S. Senator Cynthia Lummis took aim at two federal agencies on behalf of the crypto industry this week, just days before …
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Regulation
US Federal Grand Jury Indicts Three Russian Nationals on Charges Related to Operating Crypto Mixing Services
by shayaanby shayaanA grand jury has indicted three Russian citizens on charges connected to operating crypto-tumbling services. According to a new press release by …