Lawmakers are debating taxes, the CFTC put out a prediction market proposal and court cases are heating up. www.coindesk.com
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State
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The House Ways and Means Committee is gearing up for its big tax push. www.coindesk.com
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Regulation
George Santos Referred to DOJ, CFTC Over State of the Union Kalshi Trades: Report
by shayaanby shayaanIn brief Kalshi froze George Santos’ account and flagged his trades to the CFTC and DOJ, both of which have opened investigations, …
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Markets
How the House Financial Services Committee is taking on tokenization: State of Crypto
by shayaanby shayaanRep. French Hill, head of the House Financial Services Committee, weighed in on outstanding policy issues in an interview with CoinDesk last …
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This past week saw incremental, but potentially important steps. www.coindesk.com
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Finance
Eisen Raises $10M to Help Crypto Firms Recover Dormant Accounts Before State Seizure
by shayaanby shayaanA startup focused on a little-known but costly regulatory risk for crypto and fintech companies has secured $10 million in Series A …
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Unpacking Thursday’s at-times contentious markup hearing. www.coindesk.com
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Finance
State Street’s tokenized fund servicing is the boring infrastructure shift that actually matters
by shayaanby shayaanState Street is wiring its Luxembourg fund stack so tokenized fund units run on the same custody, NAV and TA rails as …
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This was a hectic week. www.coindesk.com
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DeFi
State Street says institutions want improved blockchain security in wake of recent DeFi attacks
by shayaanby shayaanBig traditional finance firms need guardrails in a world of blockchain-based assets, particularly given how decentralized finance (DeFi) remains so susceptible to …