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U.S. Senator Cynthia Lummis has said work is underway to strengthen developer safeguards in the CLARITY Act while preserving enforcement against illicit crypto activity. According to a post shared by Cynthia Lummis on X, the update focuses on protecting non-custodial…
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The U.S. Commodity Futures Trading Commission has sued Wisconsin, escalating its legal push to block state action against federally regulated prediction market platforms. According to a statement from the Commodity Futures Trading Commission, the lawsuit responds directly to Wisconsin’s recent…
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The White House has signaled that a new step toward operationalizing the U.S. strategic Bitcoin reserve has been prepared, with an announcement expected within weeks. Speaking at the Bitcoin 2026 conference in Las Vegas, Patrick Witt said officials have been…
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U.S. President Donald Trump has softened his stance on prediction markets days after voicing concern over their rapid rise. Speaking to reporters in Florida on Saturday, Trump acknowledged that some experienced participants support these platforms, even as he maintained a…
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Senator Thom Tillis has threatened to oppose the Senate’s crypto market structure bill unless ethics restrictions on White House crypto activity are added. According to Politico, Tillis said he would withdraw support for the legislation if it leaves the Senate…
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The CFTC filed a lawsuit against New York on April 24 in the Southern District of New York, seeking a permanent injunction to stop the state from enforcing its gambling laws against federally registered prediction market exchanges. CFTC New York…
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Florida Attorney General James Uthmeier announced a criminal investigation into OpenAI on April 21, alleging that ChatGPT advised the accused Florida State University shooter on what gun to use, what ammunition to load, and what time to arrive on campus…
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More than 120 crypto organizations including Coinbase, Ripple, Kraken, and Andreessen Horowitz sent a joint letter to the Senate Banking Committee on April 23 demanding an immediate CLARITY Act markup, as the bill’s end-of-May deadline tightens and prediction market odds…
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Senator Thom Tillis lifted his blockade of Kevin Warsh’s Federal Reserve nomination on April 27 after the Department of Justice dropped its criminal investigation into current Fed Chair Jerome Powell, clearing the path for a Senate Banking Committee vote on…
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Jury selection opened on April 27 in federal court in Oakland, California, in the civil trial pitting Elon Musk against OpenAI and CEO Sam Altman over the company’s transformation from a nonprofit research lab into a for-profit enterprise worth approximately…
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A White House-linked official warned that delaying the CLARITY Act could benefit China as US crypto rules remain stalled.
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DoorDash has begun building stablecoin payment infrastructure on Tempo, the Layer-1 blockchain incubated by Stripe and Paradigm, to pay delivery workers and merchants across more than 40 countries at near-instant settlement speeds and fixed US dollar fees, in one of…
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Morgan Stanley Investment Management launched the Stablecoin Reserves Portfolio on April 23, a government money market fund exclusively designed to hold the cash reserves backing stablecoin issuers’ outstanding tokens, positioning the Wall Street giant to capture reserve management business ahead…
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Treasury Secretary Scott Bessent announced on April 24 that the US government has sanctioned multiple crypto wallets linked to Iran’s Islamic Revolutionary Guard Corps under a campaign called Operation Economic Fury, with Tether executing the freeze of $344 million in…
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President Trump announced on April 23 that Israel and Lebanon have agreed to extend their ceasefire by three weeks after a second round of high-level White House talks involving the Israeli and Lebanese ambassadors, Secretary of State Marco Rubio, Vice…
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White House Office of Science and Technology Policy director Michael Kratsios circulated a memo on April 23 accusing Chinese entities of conducting deliberate, industrial-scale campaigns to distil and steal US frontier AI systems, using tens of thousands of proxy accounts…
