The Digital Chamber (TDC), an industry group representing over 250 cryptocurrency-related entities, has formally contested accusations made by U.S. Senator Elizabeth Warren regarding the legality and regulatory standing of national trust charters granted to several digital asset firms. The TDC’s…
UK Imposes Sanctions on HTX, Citing Support for Russian Government The United Kingdom has enacted sanctions against the cryptocurrency exchange Huobi Global S.A., which has since rebranded to HTX, alleging its involvement in “supporting the government of Russia.” This action…
Crypto exchange Bitget has officially launched its new platform, Reality, signaling a significant expansion into the tokenization of real-world assets (RWAs). This initiative aims to integrate tokenized traditional financial instruments into the broader digital asset trading ecosystem, addressing traditional market…
Spain’s Directorate General for Gambling Regulation has initiated disciplinary proceedings and ordered the nationwide blocking of prediction markets Polymarket and Kalshi. The regulator cited the platforms’ operation without the necessary administrative authorization as the primary reason for these actions. This…
Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) have released consultation conclusions, signaling a move towards formalizing licensing regimes for virtual asset advisory and management service providers. These new rules will operate…
Tether, the world’s largest stablecoin issuer, has announced plans to introduce GELT, a new stablecoin pegged to the Georgian lari. This initiative is reportedly backed by the Georgian government, signaling a significant development in the integration of digital assets within…
Indonesia has officially blocked access to the cryptocurrency-based prediction market platform Polymarket. This action is part of a nationwide campaign against online gambling, which is prohibited under Indonesian law. The Ministry of Communication and Digital stated that Polymarket’s operations, involving…
Silicon Valley law firm Fenwick & West has agreed to a $54 million settlement with FTX customers, resolving claims that the firm’s legal services facilitated the cryptocurrency exchange’s alleged fraud. This resolution is part of a broader second wave of…
A recent investigative report by The New York Times alleges a concerted effort within the Commodity Futures Trading Commission (CFTC) to facilitate regulatory approvals for crypto firms with connections to the Trump family. The investigation suggests that career officials who…
Prediction market operators Kalshi and Polymarket have been unsuccessful in their attempts to halt gambling-related legal actions in Nevada and Washington. The Ninth Circuit Court of Appeals denied their requests to move these cases to federal court, remanding them back…