Regulation & Policy
Global regulatory and policy developments affecting crypto and digital assets. Each article is summarised by AI into a factual overview of 50 words or fewer.

Crypto tax proposals to be discussed in House hearing on Tuesday
The House Ways and Means Committee is set to evaluate various cryptocurrency tax proposals during an upcoming hearing.

South Korea investigates Polymarket users for alleged illegal gambling
South Korean police are probing users of Polymarket, a prediction market platform, over claims of illegal gambling activities. This marks the first investigation of its kind in the country.

Polymarket Under Investigation by South Korean Police for Illegal Gambling
Polymarket is facing a police probe in South Korea over allegations of illegal gambling activities.

Senate Republicans urge finance regulators to define crypto capital regulations
Senate Republicans are calling on financial watchdogs to provide clearer guidelines regarding capital requirements for cryptocurrency firms, aiming to enhance regulatory clarity in the sector.

Comptroller claims Democrats are the only ones pressuring for crypto trust charter
The Comptroller stated that only Democratic lawmakers are exerting pressure regarding the crypto trust charter, highlighting the political dynamics surrounding cryptocurrency regulation.

Russia sanctions British teenager over digital asset allegations
A 17-year-old from the UK faces sanctions from Russia for claiming that digital assets were used to evade sanctions related to the Ukraine conflict.

JPMorgan Warns CLARITY Act May Be Compromised by Upcoming Elections
JPMorgan analysts express concerns that the CLARITY Act could be jeopardised as election timelines approach, potentially impacting regulatory clarity in the cryptocurrency sector.

US Senators Propose New Capital Rules for Banks Regarding Bitcoin and Crypto
US Senators are advocating for new capital requirements for banks dealing with Bitcoin and cryptocurrencies, in light of the CLARITY Act.

US House Democrats request FTC investigation into prediction markets
House Democrats have called for the Federal Trade Commission to investigate prediction markets, citing concerns over potential consumer protection issues and market manipulation.

Senator Lummis Indicates Possible Timing for CLARITY Act Senate Vote
Senator Cynthia Lummis has provided initial insights regarding the timing of a Senate vote on the CLARITY Act during a recent session.

CFTC ends 'no-deny' policy for settlements, following SEC's lead
The Commodity Futures Trading Commission has abolished its 'no-deny' policy for settlements, aligning with the Securities and Exchange Commission's recent decision. This change allows firms to deny allegations while settling cases.

Israel’s tax authority expresses disappointment over crypto disclosures
Israel's tax authority has reported dissatisfaction with the level of voluntary cryptocurrency disclosures from taxpayers, highlighting concerns over compliance and transparency in the sector.

US Treasury Secretary discusses Bitcoin reserve and CLARITY Act progress
The US Treasury Secretary has indicated advancements regarding the Bitcoin reserve and the CLARITY Act, which aims to provide regulatory clarity for digital assets.

Crypto PAC-backed candidates win in US state primaries following media campaigns
Candidates supported by a cryptocurrency political action committee achieved success in recent state primaries, aided by strategic media buys.

Senator Lummis Responds to JPMorgan CEO's Opposition to CLARITY Act
Senator Cynthia Lummis has countered JPMorgan CEO Jamie Dimon's criticism of the CLARITY Act, which aims to provide regulatory clarity for digital assets. Lummis defends the legislation's importance for the cryptocurrency industry.

EU MiCA Regulation Deadline Approaches for Unlicensed Crypto Firms
Crypto firms operating without licences face a deadline of July 1 as the MiCA grace period concludes, requiring compliance with new EU regulations.

UK regulator cautions Premier League clubs on unauthorised crypto sponsorships
The Financial Conduct Authority has issued warnings to Premier League clubs regarding the use of unauthorised cryptocurrency sponsors targeting fans.

SBI Holdings Chair Optimistic About CLARITY Act Amid Crypto Market Decline
The Chair of SBI Holdings expresses confidence in the CLARITY Act, highlighting its potential benefits for the cryptocurrency sector despite the ongoing market downturn.

CLARITY Act Gains Support from National Security Experts Before Senate Vote
The CLARITY Act has received backing from national security experts as it approaches a full Senate vote, highlighting its significance in addressing security concerns.

US Treasury sanctions four Iranian crypto exchanges amid ongoing conflict
The US Treasury has imposed sanctions on four cryptocurrency exchanges in Iran, aiming to curb financial activities linked to the ongoing conflict. This move is part of broader efforts to restrict Iran's access to digital currencies.

UK Lords caution against overregulation of pound stablecoins by BoE
Members of the House of Lords have expressed concerns that excessive regulation by the Bank of England could render pound stablecoins irrelevant, potentially stifling innovation in the sector.

US lawmakers oppose Labour Department's crypto inclusion in 401(k) plans
Democratic lawmakers are challenging the Labour Department's proposal to allow cryptocurrency investments in 401(k) retirement plans, citing concerns over risks and volatility associated with digital assets.

SEC prioritises digital assets strategy through 2030
The US Securities and Exchange Commission has announced that it will focus on digital assets as a strategic priority until 2030, aiming to enhance regulation and oversight in this evolving market.

Crypto PACs invest $3 million in Maryland elections amid California primaries
Political Action Committees linked to the cryptocurrency industry have allocated $3 million for media buys in Maryland races as California voters participate in primaries.

CFTC Chair Claims Gemini Case Was Politically Motivated, Aims to Reverse Settlement
CFTC Chair Michael Selig alleges that the case against Gemini was driven by political motives and is seeking to overturn the settlement reached in the matter.

Galaxy Digital Places $10M Bet on CLARITY Act 2026 Approval via Kalshi
Galaxy Digital has placed a $10 million bet on the approval of the CLARITY Act 2026 through the prediction market platform Kalshi.

Clarity Act Moves Forward to Senate Calendar Ahead of Upcoming Vote
The Clarity Act has advanced to the Senate calendar, with a floor vote anticipated soon.

US Senate to Continue Debate on CLARITY Act This Week
The US Senate will resume discussions on the CLARITY Act this week, focusing on regulatory clarity for digital assets. The outcome could significantly impact the cryptocurrency industry.

Japan's ruling party advocates for crypto ETFs and stablecoins
Japan's ruling party is promoting the development of cryptocurrency exchange-traded funds (ETFs) and yen-denominated stablecoins to enhance the country's digital asset framework.

Senate Banking Chair Tim Scott Supports CLARITY Act Before June 3 Session
Tim Scott, the Chair of the Senate Banking Committee, has expressed his support for the CLARITY Act as the committee prepares for an important session on June 3.

ECB Warns of Stablecoin Risks for Banks and Monetary Policy
The European Central Bank has highlighted potential risks posed by stablecoins to banks and monetary policy, coinciding with discussions surrounding the CLARITY Act.

ECB official warns stablecoins may bring back past market issues
An ECB official has expressed concerns that stablecoins could reintroduce flaws seen in traditional markets, highlighting potential risks associated with their integration into the financial system.

Crypto Market Analysis: US Jobs Data and Global Inflation Impact
This week, the crypto market is influenced by US jobs data and global inflation trends, alongside discussions surrounding the CLARITY Act.

US Government Considers Stablecoins for Policy Expansion Amid CLARITY Act
The US government is exploring the use of stablecoins to enhance its policy reach, coinciding with efforts to advance the CLARITY Act.

Senator Lummis warns of China's dominance in new financial era without CLARITY
Senator Cynthia Lummis has stated that if the CLARITY Act is not passed, China will establish the rules for the new financial landscape, potentially outpacing the United States.

CLARITY Act Faces Critical Phase in June, According to Galaxy Digital CEO
Galaxy Digital's CEO states that the CLARITY Act will enter a crucial phase in June, highlighting its significance for the cryptocurrency industry.

US seizes nearly $1 billion in Iranian cryptocurrency, says Treasury Secretary
The US government has confiscated almost $1 billion in cryptocurrency linked to Iran, according to the Treasury Secretary. This action is part of ongoing efforts to enforce sanctions against the Iranian regime.

CFTC's reversal of Gemini settlement deemed 'extraordinarily unusual' by ex-chair
A former chair of the CFTC has described the commission's decision to reverse a settlement with Gemini as highly unusual, raising questions about regulatory practices in the cryptocurrency sector.

CFTC supports crypto perpetual contracts and issues trading advisory
The CFTC has expressed support for cryptocurrency perpetual contracts and issued an advisory regarding the implications of 24/7 trading in the crypto market.

Ex-Celsius CEO Alex Mashinsky seeks to vacate sentence after lawyer withdrawal
Alex Mashinsky, the former CEO of Celsius, has filed a motion to vacate his sentence following the withdrawal of his legal representation.

SEC grants Paxos approval as first blockchain-native clearing agency
Paxos has become the first cryptocurrency firm to receive registration as a clearing agency from the SEC, marking a significant milestone in the integration of blockchain technology within traditional financial systems.

Treasury Secretary Advocates for CLARITY Act in Senate and House Discussions
The Treasury Secretary is actively promoting the CLARITY Act, which aims to establish clearer regulations for cryptocurrencies, as discussions continue in both the Senate and House.

Legal disputes over prediction markets intensify in Minnesota and Rhode Island
Legal battles surrounding prediction markets are escalating in Minnesota and Rhode Island, with significant implications for the future of these platforms in the states.

SEC Commissioner Hester Peirce Supports Crypto Privacy Tools Amid Surveillance Concerns
SEC Commissioner Hester Peirce has defended the use of cryptocurrency privacy tools, arguing against increasing surveillance measures that could infringe on user privacy rights.

Trump proposes CLARITY Act to regulate cryptocurrency effectively
Donald Trump claims his proposed CLARITY Act will provide a framework to regulate cryptocurrency, aiming to ensure future-proof regulations in the sector.

France's AMF sets June 30 deadline for MiCA licensing applications
The French financial regulator, AMF, has announced a deadline of June 30 for companies to apply for licensing under the Markets in Crypto-Assets (MiCA) regulation.

Argentina proposes bill to restrict crypto payments for illegal gambling
A new bill in Argentina aims to prohibit cryptocurrency payments to illegal gambling sites, addressing concerns over the use of digital currencies in unregulated betting activities.

Aave Labs’ Push secures registration with UK FCA for crypto operations
Aave Labs’ Push has received registration from the UK Financial Conduct Authority, allowing it to operate within the UK crypto market.

Polymarket executive clarifies KYC applies only to beta product
A Polymarket executive stated that the Know Your Customer (KYC) requirements are limited to their beta product and do not affect the existing platform.

CFTC aims to overturn settlement agreement with Gemini
The Commodity Futures Trading Commission is seeking to reverse a settlement deal made with cryptocurrency exchange Gemini, raising questions about regulatory actions in the digital asset space.

Trump Promises Pro-Bitcoin Regulations to Address Crypto Opposition
Donald Trump has pledged to implement pro-Bitcoin regulations to counteract what he describes as 'crypto haters', amidst ongoing challenges related to the CLARITY Act.

Sen. Lummis Warns of Risks If CLARITY Act Fails to Pass This Congress Session
Senator Cynthia Lummis has highlighted significant risks associated with the failure of the CLARITY Act to pass during the current Congress session, emphasising potential impacts on regulatory clarity in the cryptocurrency sector.

PACs celebrate Texas primary victories, aim to support pro-crypto candidates
Political Action Committees (PACs) express satisfaction with their candidates' success in Texas primaries and plan to endorse more candidates who support cryptocurrency initiatives.

HTX refutes UK sanctions claims amid $7.6B Russia-linked financial flows
HTX has denied allegations of breaching UK sanctions following reports of $7.6 billion in financial transactions linked to Russia.

Banca Sella receives MiCA approval for cryptocurrency services in Italy
Banca Sella has obtained clearance under the Markets in Crypto-Assets (MiCA) regulation to offer cryptocurrency custody and transfer services in Italy.

Ripple Seeks SEC Guidance on Stablecoins and Non-Securities Crypto
Ripple has requested clarification from the SEC regarding the classification of stablecoins, non-securities cryptocurrencies, and the tokenisation process, aiming for clearer regulatory guidelines.

Trump supports CFTC's authority on prediction markets regulation
Former President Donald Trump has expressed his support for the Commodity Futures Trading Commission's authority to regulate prediction markets, emphasising the importance of oversight in this emerging sector.

Trump Advocates for CFTC Oversight of Prediction Markets
Former President Donald Trump is pushing for the Commodity Futures Trading Commission to maintain its regulatory control over prediction markets, highlighting the importance of oversight in this financial sector.

Crypto advocacy group disputes Senator Warren's statements on OCC charters
The Digital Chamber of Commerce has challenged claims made by Senator Elizabeth Warren regarding the Office of the Comptroller of the Currency's charters for cryptocurrency companies.

UK sanctions HTX crypto exchange for supporting Russia
UK authorities have imposed sanctions on the HTX crypto exchange due to its support for Russia, amid ongoing geopolitical tensions.

Spain blocks Polymarket and Kalshi due to gambling regulations
Spanish authorities have prohibited the operations of Polymarket and Kalshi, citing violations of local gambling laws.

Binance plans return to Philippines via SEC sandbox collaboration
Binance is exploring a return to the Philippines by partnering with the Securities and Exchange Commission's regulatory sandbox, aiming to comply with local regulations.

Ex-Hodlnaut CEO faces fraud charges over Terra exposure statements
The former CEO of Hodlnaut has been charged with fraud for allegedly making misleading statements regarding the company's exposure to the Terra collapse.

Crypto PAC funding increases in Texas primary runoffs favouring challengers
Political action committees in the cryptocurrency sector are significantly investing in Texas primary runoffs, with prediction markets indicating a strong chance for challengers to succeed.

Indonesia bans Polymarket following bets on president's potential exit
The Indonesian government has blocked access to Polymarket, a prediction market platform, due to bets being placed on the potential exit of the country's president.

Crypto lobby expenditure on Republicans significantly exceeds Democratic funding
Recent reports indicate that spending by the crypto lobby on Republican candidates is substantially higher than on Democrats, highlighting a growing trend in political financial support within the cryptocurrency sector.

New York lawsuit examines claim for lost dormant Bitcoin property
A lawsuit in New York is assessing the legal status of claims to dormant Bitcoin, focusing on lost property rights.

Tether and Georgia to launch lari-backed stablecoin GELT under new regulations
Tether and the Georgian government are collaborating to introduce GELT, a stablecoin backed by the lari, following the establishment of new regulatory frameworks.

SEC delays decision on 'innovation exemption' for tokenised stocks
The SEC has postponed its plan to introduce an 'innovation exemption' for tokenised stocks, according to reports. This decision affects the regulatory landscape for digital assets and their integration into traditional financial markets.

Fenwick & West to pay $54 million to FTX victims in settlement
The law firm Fenwick & West has agreed to a $54 million settlement to compensate victims of the FTX collapse.

CFTC Officials Suspended After Questioning Prediction Markets, Reports NYT
Officials at the Commodity Futures Trading Commission have been suspended following their inquiries into prediction markets, according to a report by The New York Times.

Warsh plans to cut rates contrary to consensus expectations of hikes
Analyst indicates that Warsh intends to reduce interest rates, diverging from the prevailing consensus that anticipates rate increases.

Approval Odds for CLARITY Act Decline Significantly
The likelihood of the CLARITY Act being approved has decreased considerably due to various factors affecting its progress in legislative discussions.

ECB rejects euro stablecoin proposals over financial stability concerns
The European Central Bank has expressed opposition to euro stablecoin initiatives, highlighting potential risks to financial stability as a key concern.

SEC Delays Tokenized Equity Regulations Amid Regulatory Concerns
The SEC has postponed the introduction of rules for tokenized equity due to ongoing regulatory issues. This decision reflects the complexities surrounding the integration of digital assets within existing financial frameworks.

Kevin Warsh sworn in as Federal Reserve Chair amid rate hike forecasts
Kevin Warsh has been officially sworn in as the Chair of the Federal Reserve. Traders are predicting potential interest rate hikes in 2026.

US Court Rules Against Polymarket and Kalshi in Nevada and Washington Lawsuit
A US court has ruled unfavourably for Polymarket and Kalshi in a lawsuit concerning operations in Nevada and Washington. The decision impacts the legality of their prediction markets in these states.

US House lawmakers investigate insider trading at Kalshi and Polymarket
US House lawmakers have initiated a probe into potential insider trading activities involving prediction markets Kalshi and Polymarket.

Kevin Warsh Takes Office, Renewing Focus on Potential Fed Rate Hike
Kevin Warsh's appointment has reignited discussions about a possible 100 basis points rate hike by the Federal Reserve, as market analysts assess the implications for monetary policy.

Polymarket aims to enter Japan amid regulatory challenges
Polymarket is pursuing entry into the Japanese market despite facing hurdles related to the country's gambling laws, according to reports.

CLARITY Act Faces Senate Deadline in June Amid Ongoing Discussions
The CLARITY Act is approaching a critical Senate deadline in June, as lawmakers continue to debate its implications for cryptocurrency regulation and oversight.

Crypto PAC supported by Anchorage and Chainlink announces 2026 endorsements
A political action committee focused on cryptocurrency, backed by Anchorage and Chainlink, has revealed its endorsements for candidates in the upcoming 2026 midterm elections.

Petition to abolish South Korea's cryptocurrency tax gains 50,000 signatures
A petition to eliminate the cryptocurrency tax in South Korea has reached the threshold of 50,000 signatures, prompting government review. The tax has faced criticism from the crypto community.

CFTC and NHL sign MOU to explore prediction markets
The Commodity Futures Trading Commission has signed a memorandum of understanding with the National Hockey League to collaborate on the development of prediction markets.

Kraken receives regulatory approval for UAE launch in Dubai
Cryptocurrency exchange Kraken has obtained regulatory approval from Dubai's VARA, moving closer to launching its services in the UAE.

Federal Reserve Seeks Feedback on Limited Payment Accounts Following Trump Order
The Federal Reserve is requesting public input on its proposal for limited payment accounts, a move prompted by an executive order from former President Trump regarding cryptocurrency regulations.

Silvergate's Fraher comments on SEC settlement with Gensler
Silvergate's Chief Financial Officer, John Fraher, has addressed the recent settlement with the SEC, clarifying the company's position and future steps following the regulatory action.

Ripple Approaches Master Account as US Fed Invites Comments on New Rules
Ripple is close to obtaining a master account as the US Federal Reserve seeks public feedback on proposed rulemaking for crypto firms.

Ripple CLO Supports CLARITY Act Amid Calls for Trump Veto
Ripple's Chief Legal Officer has expressed support for the CLARITY Act, despite Arthur Hayes urging former President Trump to veto the legislation.

Missouri AG files lawsuit against CoinFlip for facilitating scams
The Missouri Attorney General has sued CoinFlip, alleging that the crypto ATM operator enabled scams that defrauded consumers.

SEC Commissioner Hester Peirce to Join Regent Law Faculty
Hester Peirce, known as the 'Crypto Mom', will leave her position at the SEC to join the faculty at Regent University School of Law.

Sen. Lummis Outlines Next Steps for CLARITY Act Senate Vote
Senator Cynthia Lummis has detailed the upcoming steps and timeline for the Senate vote on the CLARITY Act, aimed at providing regulatory clarity for digital assets.

Fairshake PAC's $20M Investment Successful in Three US State Primaries
Fairshake PAC's $20 million investment has yielded positive results in three state primaries across the US, demonstrating the impact of financial backing in political campaigns.

Singapore revokes Bsquared's crypto payment licence for regulatory breaches
Singapore's authorities have revoked the crypto payment licence of Bsquared due to multiple regulatory violations, impacting the company's operations in the digital currency sector.

South Carolina governor signs bill to protect Bitcoin miners and ban CBDC
The governor of South Carolina has signed legislation that safeguards Bitcoin miners while prohibiting the use of central bank digital currencies (CBDCs) in the state.

Consensys Advocates for Changes to FDIC's GENIUS Act Stablecoin Regulations
Consensys has urged the Federal Deposit Insurance Corporation to amend its proposed regulations under the GENIUS Act concerning stablecoins, highlighting concerns over the impact on the cryptocurrency industry.

Senator Warren Raises Concerns Over OCC Crypto Bank Approvals for Ripple and Coinbase
Senator Elizabeth Warren has questioned the Office of the Comptroller of the Currency's approvals for cryptocurrency banks, specifically targeting Ripple and Coinbase, amid ongoing regulatory scrutiny in the sector.

Trump Signs Executive Order to Review Banking Restrictions on Crypto Firms
Former President Donald Trump has signed an executive order aimed at reviewing banking restrictions that affect cryptocurrency firms.



