News

U.S. House lawmakers are raising concerns about pending crypto tax legislation, signaling the bills remain unfinished and subject to revision. No specific companies or tokens are named as targets; the article covers the broader legislative process around cryptocurrency taxation. The status suggests continued uncertainty for the crypto sector regarding tax treatment.

The Better Business Bureau's advertising watchdog has referred prediction market platform Kalshi to state regulators after Kalshi declined to participate in an inquiry into its influencer disclosure practices. The BBB escalated the matter following Kalshi's non-participation in the review. Kalshi is a privately held prediction market platform and does not have a publicly traded ticker.

The UK's Financial Conduct Authority (FCA) is proposing to allow retail mutual funds to hold up to 10% of their assets in crypto exchange-traded notes (ETNs). The move would mark a significant regulatory shift, opening a pathway for mainstream UK fund managers to gain regulated exposure to digital assets. No specific companies or funds have been named in the announcement.

Blockchain researchers are warning that broad sanctions applied to HTX could inadvertently freeze legitimate users and degrade the effectiveness of compliance tools used to trace illicit funds. The concern is that wide-scale "tainting" of HTX-linked addresses may create noise that obscures genuine risk signals in crypto transaction monitoring. No specific company action or financial result is reported; the article focuses on analytical and regulatory methodology concerns.

Stefan Berger, one of the architects of the EU's MiCA regulation, stated that the European Commission should prioritize tokenization over creating new DeFi-specific rules. He expressed the view that DeFi does not currently require dedicated regulation as the EC collects feedback on MiCA's future direction. The comments come as the EU evaluates potential expansions or revisions to its crypto regulatory framework.

Over 200 crypto firms and lobby groups sent a letter to Senate leaders urging a vote on the CLARITY Act before the midterm elections. The bill is described as a key piece of crypto legislation. No specific companies or publicly traded tickers are named in the article.

Humanity Protocol's native token collapsed more than 80% following a hack in which attackers exploited a compromised private key to steal approximately $32 million. The breach represents a significant security failure for the project, with the private-key exploit enabling unauthorized access to funds. The token's sharp decline reflects immediate market reaction to the loss of funds and confidence in the protocol's security.

The UK's Financial Conduct Authority (FCA) has proposed allowing retail-focused investment funds to allocate up to 10% of their portfolios to crypto assets, provided the exposure aligns with disclosed investment objectives. The proposal is still at the exploratory stage and has not been finalized. If adopted, the rule change could open a new channel for institutional and retail crypto investment in the UK.

The Pentagon has added Alibaba, Baidu, BYD, WuXi AppTec, RoboSense, Unitree, CXMT, and YMTC to its 1260H list of China military-linked companies, barring direct DoD contracts from later this month and third-party procurement through June 2027. The designations stop short of formal sanctions or export blacklist status, but indirect restrictions could force US defence contractors to sever ties with listed firms. Alibaba and WuXi AppTec disputed their listings and said they would pursue legal action; Baidu ADRs fell 2.1% while Alibaba and BYD each dropped 0.8% on the news.

The Dutch Authority for Consumers and Markets (ACM) has prohibited the proposed acquisition by Glaspoort — a joint venture involving KPN — of approximately 200,000 fiber-to-the-home connections from DELTA Fiber. KPN has noted the regulator's decision. The deal is now blocked following the ACM's ruling.

A white-hat rescue operation recovered approximately $500K in NFTs following an exploit on the Flooring protocol. CoinGecko and NFT Price Floor data indicate the broader NFT market cap has declined since April. CryptoPunks and Bored Ape Yacht Club (BAYC) remain the top collections by market value.

Galaxy Digital has lowered its probability estimate for the CLARITY Act passing to 60%, citing a compressed Senate legislative calendar ahead of the November elections. The firm notes that the time required to amend and advance the key crypto market structure bill is diminishing. No specific company action is involved; this is an assessment of regulatory/legislative odds for the broader crypto sector.

HTX, the crypto exchange affiliated with Justin Sun, has delisted World Liberty Financial's USD1 stablecoin after World Liberty froze HTX's addresses on the platform. HTX cited the address freeze as the reason for suspending and delisting the token. The dispute marks a public conflict between HTX and the Trump family-linked World Liberty Financial project.

US lawmakers are set to discuss digital asset taxation at a House hearing on Tuesday, with "de minimis" reporting exceptions for crypto transactions among the key topics on the agenda. The hearing reflects ongoing legislative efforts to establish clearer tax frameworks for cryptocurrencies. No specific companies or assets were named in the article.

The European Securities and Markets Authority (ESMA) has confirmed that crypto firms lacking MiCA (Markets in Crypto-Assets) authorization must cease serving EU clients starting July 1, 2026, regardless of pending license applications. This marks the end of the MiCA transitional grace period, which had allowed unlicensed firms to continue operating temporarily. Companies without approved authorization face a hard deadline to either obtain licensing or exit the EU market.

The UK's Financial Conduct Authority (FCA) has warned Premier League football clubs to reconsider sponsorship deals with unauthorized cryptocurrency and trading firms. The regulator cautioned that fans could lose all their money through such platforms, and that clubs themselves face potential legal and reputational consequences. No specific clubs or crypto firms were named in the article.

The UK's Financial Conduct Authority (FCA) is taking enforcement action against cryptocurrency partnerships between crypto firms and Premier League football clubs. The crackdown targets promotional arrangements that regulators deem non-compliant with UK financial promotion rules. No specific publicly traded companies are named in the article.

New York financial regulators and European Union financial watchdogs have announced a cooperation agreement to jointly oversee stablecoins, sharing data on issued stablecoins, total circulation volume, and holder counts. The arrangement represents a cross-jurisdictional regulatory coordination effort targeting the stablecoin market. No specific companies or issuers are named in the article.

The US Treasury Department has issued new sanctions targeting Iran, specifically naming four cryptocurrency exchanges. The action follows Treasury Secretary Scott Bessent's statement four days prior that the US had seized nearly $1 billion in crypto from Iranian exchanges and wallets since late February 2026. No specific publicly traded US companies are named in the article.