Bridging the Deposit Gap Ireland will exclude high-risk financial products, including crypto assets and derivatives, from its new state-backed savings and investment …
State
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Scams
George Santos Bet on Whether He’d Show Up to the State of the Union—Kalshi Just Banned Him for Life
by shayaanby shayaanIn brief Kalshi permanently banned former Rep. George Santos and fined him $71,356 for manipulating a market tied to his own attendance …
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Markets
Kalshi takes legal blow in court ruling confirming state powers over prediction markets
by shayaanby shayaanThis latest U.S. appeals court ruling sets up a rift between federal courts on event contracts, suggesting the U.S. Supreme Court may …
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Markets
U.S. state banking associations plan to launch their own nationwide blockchain network
by shayaanby shayaanThe “BankChain Alliance” is aiming for a 2027 launch, and would foster stablecoins, payments and tokenized deposits inside the banking system’s regulatory …
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The SEC published its Reg Crypto proposal last week, giving the public 60 days to comment. www.coindesk.com
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There were hopes that regulators could move if the Clarity Act didn’t advance, but those, too, may be paused. www.coindesk.com
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Regulation
CLARITY Act Enters ‘Walking Dead’ State as SEC Prepares Crypto Rules
by shayaanby shayaanWhat Happens When the Senate Votes Sept. 15? U.S. Senator Jim Risch (R-ID) issued a statement on Aug. 8 that the Senate …
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Markets
CFTC orders Kalshi to continue offering prediction markets in New York after state lawsuit
by shayaanby shayaanNew York sued Kalshi last month in a bid to block it from operating sports-related prediction markets. www.coindesk.com
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The crypto industry is angry and disappointed that the Senate is not holding a procedural vote on the Clarity Act this month, …
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The Michigan State Retirement Fund has increased its stake in Strategy (formerly MicroStrategy) by 141%, bringing its total holdings to 14,000 shares …