Prediction market company Kalshi should be allowed to list and trade its new political contracts while the U.S. Commodity Futures Trading Commission appeals its court loss, the company said in a filing Friday. Kalshi, which won a significant victory in court last week when a federal judge ruled its political …
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Crypto-friendly Rep. Torres calls on CFTC to accept Kalshi ruling and focus on unregulated election betting
by Sarah Wynnby Sarah WynnCrypto-friendly lawmaker Rep. Ritchie Torres called for the U.S. Commodity Futures Trading Commission to turn its attention toward regulating election markets following a judge’s ruling going against the agency. Election markets have been around for years, but on “less secure and unregulated exchanges,” the New York Democrat said in a …
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The price of Bitcoin rose Friday, hitting its highest mark since the start of September as traders grew more confident that the Federal Reserve’s upcoming meeting would yield a jumbo-sized rate cut. With Bitcoin’s price nearing $60,000—reaching as high as $59,735 per CoinGecko, up 2.5% on the day—the increase represented …
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Despite these concerns, Tether has recently emerged as one of the most profitable crypto companies globally, reporting massive quarterly profits. In a letter aimed at protecting consumers, addressed to Washington Governor Jay Inslee, Consumers’ Research criticized Tether for failing to conduct an audit to prove that its USDT stablecoin is …
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Crypto regulation in the US remains a contentious issue, with the pro-industry folk accusing regulators of stifling innovation and driving investment overseas. Congressman Rose is pushing for the creation of a joint advisory committee between the SEC and CFTC. He introduced the “BRIDGE Digital Assets Act,” which proposes a 20-member …
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The United States Securities and Exchange Commission (SEC) has been a major source of headwinds for the mainstream adoption of digital assets and web3 protocols. While its primary purpose is to enforce the law against market manipulation, the agency has been accused of overstepping its bounds regarding the cryptocurrency industry. …
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After six months of sideways chop, multiple on-chain indicators say Bitcoin may finally be prepared for an epic price breakout, analysts say. These predictions would line up with separate forecasts of an upcoming bull market based on seasonal factors, with Bitcoin soon to transition from one of its worst-to-best months …
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US lawmaker proposes joint CFTC-SEC committee to unify digital asset regulations
by Assad Jafriby Assad JafriCongressman John Rose has proposed a new bill to streamline digital asset regulations by creating a Joint Advisory Committee co-managed by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). The BRIDGE Digital Assets Act, introduced in the House, aims to foster collaboration between the two …
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As an open-source protocol, Uniswap provides liquidity and trading for ERC20 tokens on the Ethereum blockchain. Adams dismissed the allegations, stating they were made to bait engagement. He clarified that neither Uniswap Labs nor the Uniswap Foundation charges protocols for deploying on its platform. He further explained that governance votes …
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Currently trading at $1.04, its value has jumped nearly 20% since the digital asset manager announced that the SUI Trust is now accessible to accredited investors seeking exposure to SUI. Spikes, Trading Volume Climbs to Monthly High A high trading volume has backed SUI’s price rally. As of press time, …