Category: Business

[ad_1] The US Commodity Futures Trading Commission (CFTC) has proposed new rules for prediction markets, signaling that sports event contracts are generally not contrary to the public interest even though federal law classifies them as “gaming.” Released on Wednesday, the proposal distinguishes sports event contracts from games of pure chance, saying markets based on final…

[ad_1] Key Takeaways 61 crypto leaders urged senators to preserve developer protections inside the CLARITY Act. Supporters say clearer rules could help distinguish software builders from financial intermediaries. Senate changes may determine whether crypto developers keep building in the United States. Developer Protections Move to Center of US Crypto Regulation Debate Crypto regulation is entering…

[ad_1] Crypto has topped the list of most-muted topics on X since the platform rolled out its snooze feature, with spam and artificial intelligence content, or “AI slop,” likely playing a major role. On Thursday, Nikita Bier, X’s head of product, revealed that crypto has become the most-muted topic ahead of politics, the Iran conflict,…

[ad_1] The US House Ways and Means Committee circulated seven discussion drafts of bills to address digital asset taxation ahead of a Tuesday hearing on the matter, covering stablecoins, staking, mining and transactions. Among proposals in the draft legislation are reducing the tax paperwork required for crypto holders, providing clarity for mining and staking tokens…

[ad_1] Key Takeaways Senators urged regulators to revisit digital asset capital standards affecting banks. The disputed 1,250% risk weight can require capital equal to exposure. Potential rule changes could reshape institutional participation in bitcoin markets. Senate Pressure Builds Over Bank Rules That Could Shape Bitcoin Access U.S. senators disclosed on June 4 a renewed push…

[ad_1] Canadian Bitcoin miner HIVE Digital Technologies’ Bitcoin holdings fell by 331 BTC in the latest quarter, even as the miner reported a sharp rise in annual revenue from Bitcoin mining and high-performance computing (HPC). The company reported holdings of 150 Bitcoin (BTC) in its fiscal year update on Monday, down from 481 BTC at…

[ad_1] Jonathan Gould, the Comptroller of the Currency (OCC) nominated by Donald Trump, implied that the US president had not ordered him to approve or give special consideration to a national trust charter application tied to his family’s financial interests. In a Thursday hearing of the House Financial Service Committee on “oversight of prudential regulators,” New…

[ad_1] Key Takeaways Former officials urged Senate leaders to support the CLARITY Act’s crypto market rules. Notably, 160 national security, intelligence, and law enforcement veterans signed the letter. Senators now face mounting pressure to decide the bill’s future path. Crypto Rules Debate Intensifies as Senate Faces CLARITY Act Pressure Pressure is rising in Washington over…

[ad_1] Key Takeaways Coinbase invested in a money market fund designed for stablecoin reserve eligibility. The GENIUS Act is increasing focus on liquidity, transparency, and redemption support. ETF-based reserve products could expand options for digital asset issuers. Coinbase’s IQMM Investment Points to a New Reserve Era for Stablecoins Crypto exchange Coinbase Global Inc. (Nasdaq: COIN)…

[ad_1] The Ethereum Foundation saw the resignations of two top researchers on Monday, bringing the total number of high-profile departures at the organization to at least eight in recent months. Julian Ma and Carl Beek, both researchers at the Ethereum Foundation, ended their respective four and seven-year tenures at the organization. Ma contributed to Ethereum’s…