Treasury Proposes Rules Deciding Which Stablecoins Need a US Licence
The US Treasury seeks public feedback on proposed GENIUS Act rules covering stablecoin licensing, issuance and sales ahead of implementation.
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NY Governor Candidate Vows to Kill the BitLicense
Bruce Blakeman, the Republican candidate for governor in New York, says he'll get rid of the BitLicense, New York's mandatory crypto permit, seen as one of the toughest licenses in the world.
Washington Court Orders Kalshi to Block Sports and Election Bets
A Washington court orders Kalshi to halt most event contracts, restrict advertising and introduce stronger geofencing while allowing financial markets to continue.
OCC Opens National Bank Path for Crypto Firms, Sparking Bank Lobby Pushback
The OCC says crypto firms should have a path to becoming national banks, formalizing what has been case-by-case approval as agency doctrine, while bank lobbies consider a lawsuit against the agency.
White House Weighs Inflation-Indexed Capital Gains, Cutting Crypto Tax Bills
Trump wants to change how the capital gains tax is calculated by indexing gains to inflation. Since digital assets are considered property, this would affect all US crypto holders.
CFTC Invokes Emergency Power to Keep Kalshi Operating in New York
The CFTC has ordered Kalshi to continue operating in New York as the state challenges its sports prediction contracts under gambling laws.
CFTC Charges Florida Man Over $397M Crypto Ponzi Scheme
The CFTC charged Christopher Delgado and Goliath Ventures over an alleged crypto Ponzi scheme that misappropriated $48 million from customers.
Senate Delays CLARITY Act Vote to September
The U.S. Senate leaves for August recess without a vote on the CLARITY Act. Thune says the bill will be queued up first thing when Senators return on September 14th.
Three Missouri Men Charged in Connecticut Bitcoin Home-Invasion Plot
Three Missouri men face federal charges over an alleged Connecticut home-invasion plot designed to force the transfer of stolen Bitcoin.
New York Sues Kalshi Over Alleged Illegal Gambling, Seeks at Least $36B in Damages
New York has sued Kalshi over alleged illegal gambling operations, seeking at least $36 billion in damages while moving to block the prediction market platform in the state.
Alchemy Pay Secures Money Transmitter License in Michigan
On Thursday, the Alchemy Pay team announced via a blog post that it has secured a Money Transmitter License (MTL) in Michigan, extending its regulated U.S. footprint to 19 states.
U.S. Department of Commerce Brings New Macroeconomic Data Onchain Via Chainlink
Chainlink announced via X on Thursday that new macroeconomic data from the U.S. Department of Commerce have been brought onchain via Chainlink.