The CFTC's stance could redefine federal vs. state authority in prediction markets, impacting regulatory approaches and market dynamics nationwide.
CryptoBriefing•Editorial Team14 Jul
The CFTC's defense of its authority over prediction markets could reshape regulatory landscapes, impacting state control and market dynamics.
CryptoBriefing•Editorial Team14 Jul
The CLARITY Act's fate will shape the CFTC's regulatory power over digital assets, impacting market confidence and legislative dynamics.
CryptoBriefing•Estefano Gomez14 Jul
The Chairman of the Commodity Futures Trading Commission (CFTC), Michael Selig, is calling on the Senate to pass the Clarity Act without delay. In a new interview on Fox Business, Selig emphasizes the need for a federal framework and statutory guardrails while noting the bill remains within reach despite disputes. “We have to get this […]
The Daily Hodl•Daily Hodl Staff11 Jul
Polymarket filed for FCM registration with the NFA, aiming to offer regulated leveraged trading to US users — amid a parallel CFTC marketing investigation.
99Bitcoins•Alex Ioannou10 Jul
On July 9, Phantom and the Hyperliquid Policy Center urged the CFTC to remove rules they say “unduly impede” fintech firms from working with registered derivatives markets. Phantom presents itself as the software in the middle, rather than the custodian. Users retain control of their funds and private keys, while trades are executed directly between […]
CryptoSlate•Gino Matos10 JulUnless the said exemptions are codified into law, traditional players will legally challenge them.
AMBCrypto•Benjamin Njiri10 Jul
The state's budget law leaves oversight of Kalshi and Polymarket to the CFTC and taxes them at 6%, far below what other states are pursuing.
North Carolina has become the first U.S. state to explicitly recognize the CFTC’s authority over prediction markets while setting a 6% state tax on their trading fee revenue. Under Senate Bill 257, signed by Governor Josh Stein on July 7…
North Carolina's new law taxes prediction market platforms at 6% of their net trading fee revenue that is attributable to North Carolina residents.
The Block•Danny Park10 Jul
Hyperliquid Policy Center and Phantom have urged the U.S. Commodity Futures Trading Commission to update its rulebook for onchain trading, arguing that existing regulations built for traditional financial markets do not fit decentralized infrastructure. According to a joint comment letter…
Exempting onchain developers from registration could accelerate blockchain innovation, reduce regulatory barriers, and attract institutional investment.
CryptoBriefing•Editorial Team10 Jul
Modernizing CFTC rules could foster US-based onchain derivatives innovation, reducing offshore reliance and enhancing market efficiency.
CryptoBriefing•Editorial Team9 Jul
CME Group has faced a regulatory setback after the U.S. Commodity Futures Trading Commission delayed the immediate launch of its planned 24/7 crude oil futures trading. According to a press release issued by the U.S. Commodity Futures Trading Commission, the…
The joint filing asks regulators to turn Phantom's March no-action relief into a formal rule covering all non-custodial wallet providers.
The Defiant•The Defiant Team9 Jul
Both US financial regulators are understaffed at the leadership level and lacking Democratic commissioners, with no announcement from President Donald Trump on filling the roles.
Cointelegraph•Cointelegraph by Turner Wright9 Jul
The companies urged the regulator to exempt blockchain developers and non-custodial wallet providers from rules designed for traditional financial intermediaries.
Cointelegraph•Cointelegraph by Nate Kostar9 Jul
The CFTC's understaffing could hinder effective crypto regulation, risking market ambiguity and stalling legislative progress on digital assets.
CryptoBriefing•Editorial Team9 Jul
The Trump White House has rejected accusations that it is refusing to nominate Democratic commissioners to the Securities and Exchange Commission and Commodity Futures Trading Commission as the Senate moves closer to debating the CLARITY Act. According to a letter…
HPC and Phantom asked the CFTC to confirm code isn't a financial service.