SEC Scales Back its Crypto Enforcement Unit
The Securities and Exchange Commission (SEC) is reducing its efforts in regulating cryptocurrency as President Donald Trump fulfills his promises of deregulation.
Robinhood Halts Super Bowl Bets
Robinhood announced on Tuesday that it will be retracting its recently launched event contracts for the Super Bowl, following a directive from the US Commodity Futures Trading Commission.
CFTC Opens Investigation into Crypto.com
According to crypto lawyer Aaron Brogan, the recent investigation into Crypto.com and Kalshi’s event contracts revolves around a key question: whether or not these contracts fall under the Commodities Exchange Act’s definition of sports “gaming.”
Trump-backed World Liberty Financial Denies Token Sales
DeFi protocol World Liberty Financial, backed by Trump, has a treasury filled with various crypto tokens.
Kraken Resumes Staking Services for US Customers
Kraken has announced the launch of a new staking product exclusively for its US customers. This comes nearly two years after the company faced a lawsuit from regulators for offering a similar service.
Trump’s Executive Order May Disrupt Bitcoin’s 4-Year Cycle: Bitwise CIO
Trump’s recent executive order and the changing regulatory landscape in the United States may have the potential to disrupt Bitcoin’s typical four-year cycle.
KuCoin Pleads Guilty to Operating an Unlicensed Money Transmitting Business
The United States Attorney’s Office for the Southern District of New York announced in a release on Monday that KuCoin has pleaded guilty to one count of operating an unlicensed money transmitting business and will pay penalties totaling more than $297 million.
