The Commodity Futures Trading Commission (CFTC) has issued two proposals, one that would define event contracts as “swaps” under federal law and another that would exclude traditional casino gambling from that definition. Several states have sued prediction-market operators, including Kalshi and Polymarket, alleging illegal gambling, and the CFTC has countersued to defend its federal jurisdiction … Read more
The classification may support the CFTC’s claim that it has exclusive federal jurisdiction over event contracts offered in regulated forecast markets. The US Commodity Futures Trading Commission is seeking to clarify the definition of a “swap” amid a jurisdictional battle with state gambling regulators over prediction markets. Office of Information and Regulatory Affairs Docket shows … Read more
The US Securities and Exchange Commission (SEC) has updated its policies on how securities laws will apply to “certain types of crypto assets and certain transactions involving crypto assets” following a similar move by the country’s federal commodities regulator last week. In a Friday update to the SEC’s frequently asked questions issued in March, the … Read more
The Commodity Futures Trading Commission said it is suing Cash FX Group and three individuals over a $950 million foreign-exchange investment case involving cryptocurrencies. The defendants are Cash FX and its CEO Huascar José López Castillo of Brazil, The Conversion Pros and its CEO Ronald Pope of Oregon, and Justin Halladay of Florida. CFTC said … Read more
Update (September 25, 10:20 pm UTC): This article has been updated to clarify Christine Smith’s role with the Solana Policy Institute. Summer Mercinger, formerly a commissioner of the US Commodity Futures Trading Commission (CFTC), will step down as CEO of the Blockchain Association and leave the advocacy organization at the end of the year after … Read more
US Commodity Futures Trading Commission (CFTC) Chair Michael Selig says financial markets should prepare for “mass tokenization” as regulators adapt existing frameworks for blockchain, artificial intelligence and onchain markets. In remarks delivered Tuesday at the US Treasury Markets Conference, Selig said Tokenization of real-world assets (RWAs) can become the foundation of more efficient financial systems, … Read more
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