Key Highlights: Kalshi has officially terminated Donald Trump Jr.’s contract as an advisor. The decision to part ways stems directly from Trump Jr.’s affiliations with competitor platform Polymarket. The move unfolds while prediction market operators face intensifying legal challenges from state regulators over illegal betting allegations. Kalshi Part Ways with Donald Trump Jr. Over Polymarket ...
Key Highlights Former CFTC Chair J. Christopher Giancarlo argues that federal agencies like the SEC and CFTC already possess sufficient authority to regulate crypto without the stalled CLARITY Act. The CLARITY Act passed the House in July 2025 but failed to clear a critical Senate cloture vote in September 2026, stalling at a 49-50 margin ...
Key Highlights: The CFTC issued a staff no-action letter allowing derivatives clearinghouses to use state and national trust companies for daily settlements, bridging a gap between federal commodities law and CFTC regulations. Major cryptocurrency firms, including Coinbase, BitGo, Ripple, Circle, and Crypto.com, are rapidly expanding institutional settlement, custody, and trading capabilities under federally regulated trust ...
Key Highlights: Democratic lawmakers are scrutinizing the White House’s ethics oversight following an insider-trading case involving a former staffer and event-contract platform Kalshi. Senator Elizabeth Warren raised concerns over Donald Trump Jr.’s advisory roles and business ties, noting the president’s family has deepened ties with the sector. Lawmakers including Senator Catherine Cortez Masto and Representative ...
Key Highlights: Major digital asset and trading firms—including Coinbase, Kalshi, Kraken parent Payward, DRW Holdings, Jump Trading, and Paradigm—have filed a letter backing the CFTC in federal court. The coalition supports the CFTC against a lawsuit filed by the Capital Markets Alliance (CMA), a group representing traditional finance heavyweights such as Citadel Securities and Cboe. ...
Key Highlights: U.S. Senator Elizabeth Warren and Senator John Curtis raised bipartisan concerns over insider trading and market manipulation on Kalshi and Polymarket election-related contracts. Platforms face increased federal scrutiny over allegations of candidates wagering on their own campaigns and insiders trading on nonpublic polling data. As Warren prepares to chair the Senate Banking Committee, ...
Key Highlights Hyperliquid Strategies Inc. (HSI) has filed an application with the U.S. CFTC to register a subsidiary as a Futures Commission Merchant. HyperLabs distributed over $14.50 million in $HYPE to six team member wallets, while the protocol bought and burned more than 21,000 $HYPE ($1.64 million) to counter circulating supply. $HYPE broke below its ...
Key Highlights Kalshi has geofenced users across multiple states—including Nevada, Washington, and Michigan—as regulatory and legal battles escalate nationwide. Recent federal appeals court rulings from the Second and Ninth Circuits have dealt major blows to prediction market platforms, paving the way for state enforcement and tribal restriction enforcements. State officials, including those in Utah who ...
Key Highlights: A subsidiary of Hyperliquid Strategies has applied for a Futures Commission Merchant (FCM) license with the CFTC to clear permissioned HIP-3 perpetual futures markets for US retail accounts. Reported net income reached $620.6 million, but was driven by $803.0 million in unrealized $HYPE token gains; underlying pre-tax operating income stood at just $5.2 ...
Key Highlights: Hyperliquid Strategies has submitted an application to become a regulated futures commission merchant (FCM) in the United States. The move aims to bring perpetual futures trading markets connected to the Hyperliquid platform onshore to American traders. The initiative aligns with support from President Donald Trump, who previously signaled efforts alongside the CFTC to ...
Key Highlights: The SEC is aggressively advancing its digital asset rulemaking independently following stalls in Senate crypto market structure legislation. Regulatory maneuvers align with President Donald Trump’s executive mandate to establish the United States as the “crypto capital of the world.” The CFTC has simultaneously submitted a proposal to the OMB targeting consumer protections and ...
Key Highlights: Congressional Democrats are preparing a comprehensive cryptocurrency bill that could be introduced when the new Congress convenes on January 3, 2027. The draft proposal seeks to expand the SEC’s oversight powers over digital assets while limiting the authority of the CFTC, building upon investor protection measures first proposed by Representative Maxine Waters. Hunter ...