Spain regulator rules out extension for non-MiCA compliant crypto companies
The chair of the Spanish National Securities Market Commission reportedly said that there would be no extensions or waivers for crypto companies that did not receive approval to operate in European Union member states under the Markets in Crypto-Assets (MiCA) framework by July 1. According to a Friday Reuters report, Chair Carlos San Basilio said
Prediction market users await Artemis II mission splashdown
The 10-day lunar flyby mission is expected to end in a splashdown landing in the Pacific Ocean on Friday evening. Users on the prediction markets platform Kalshi are using the platform’s event contracts to bet on the aftermath of the Artemis II mission, NASA’s first manned spacecraft to the Moon in more than 50 years.
US SEC taps new enforcement chief amid questions over predecessor’s exit
David Woodcock steps into the role as US senators await answers to questions on the agency dropping lawsuits against Justin Sun and several crypto companies. The US Securities and Exchange Commission (SEC) appointed David Woodcock as director of its Division of Enforcement as lawmakers press for answers on his predecessor’s departure. In a Wednesday notice
US Treasury moves forward with GENIUS Act, focusing on illicit finance
Payment stablecoin issuers in the United States would be required to implement a regime targeting illicit finance under the proposed framework for the GENIUS Act. In a Wednesday notice, the US Treasury Department said its Financial Crimes Enforcement Network and Office of Foreign Assets Control (OFAC) had issued a joint proposed rule to implement provisions
US prosecutors reject Tornado Cash co-founder‘s argument for dismissal
Jay Clayton, the US Attorney for the Southern District of New York (SDNY) and former chair of the Securities and Exchange Commission (SEC), has penned a response to Tornado Cash co-founder Roman Storm’s motion for acquittal, criticizing his alleged criminal conduct. In a Tuesday filing in the US District Court for the Southern District of
US appeals court upholds preventing New Jersey enforcement against Kalshi
A US appellate court has ruled against New Jersey gaming authorities for bringing an enforcement action against prediction market platform Kalshi over sports event contracts. In a Monday-issued opinion, a panel of judges in the US Court of Appeals for the Third Circuit ruled 2-1 in favor of Kalshi’s argument that the company had a
US Senate Banking panel member confirms April timeline for crypto market structure
US Senate Banking Committee member Bill Hagerty said Monday that he expects a potential path for a digital asset market structure bill in the coming weeks after months of delays in Congress. Speaking at the Digital Assets and Emerging Tech Policy Summit at Vanderbilt University, he said his fellow Republican lawmakers planned to move the
Cambodian lawmakers propose severe prison time for crypto scammers
Cambodia’s parliament passed legislation targeting compounds used to defraud victims through scams, including those involving cryptocurrency. In a Friday notice, the Senate of the Kingdom of Cambodia announced that the chamber had unanimously approved the draft law with no amendment, with 58 senators voting yes. According to reports, the draft bill, which would still need
Coinbase receives conditional approval for US trust charter
The US Office of the Comptroller of the Currency (OCC) has approved cryptocurrency exchange Coinbase’s application for a national bank trust charter after six months of consideration. In a Thursday X post, Coinbase chief legal officer Paul Grewal said the company received conditional approval for the OCC application, following December approvals for Ripple Labs, BitGo
CFTC chair says agency is ready to oversee entire crypto market
Michael Selig summarized his first 100 days overseeing the commodities regulator since being confirmed by the US Senate in December. Commodity Futures Trading Commission (CFTC) Chair Michael Selig said on Wednesday that the agency is prepared to oversee the entire digital asset market, even as Congress has yet to pass a market structure bill defining