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.

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.

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.

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.

A UK House of Lords committee cautioned that overly strict Bank of England regulations on pound sterling stablecoins could render them commercially unviable. The committee expressed support for regulation in principle but warned against rules so restrictive they eliminate market viability. No specific companies or tokens were named in the warning.

A UK House of Lords committee has urged the Bank of England to reconsider its proposed restrictions on stablecoins, signaling potential regulatory pushback on the central bank's approach to digital asset oversight. The committee's intervention suggests ongoing debate within UK institutions over the appropriate regulatory framework for stablecoins. No specific companies or issuers were named as the focus of the article.

Three US lawmakers are opposing Labor Department plans to allow cryptocurrency investments in 401(k) retirement accounts, citing digital asset volatility and insufficient regulatory safeguards. The congressional pushback could complicate or delay any formal rulemaking that would open retirement plans to crypto exposure. No specific companies or crypto assets are named in the article.

The SEC has released a five-year strategic roadmap designating digital assets as a priority through 2030. The plan includes developing clearer cryptocurrency regulations, supporting tokenization initiatives, and establishing frameworks for staking and onchain markets. No specific companies or tickers are named in the article.

The U.S. government has sanctioned Iran's largest cryptocurrency exchange, citing links to the Islamic Revolutionary Guard Corps (IRGC). The action targets the exchange's ability to operate and process transactions involving U.S. persons or dollar-denominated assets. No specific publicly traded U.S. company is named in the article.

The U.S. Treasury Department has issued new sanctions against Iran, specifically targeting cryptocurrency exchanges. The action is part of ongoing efforts to restrict Iran's access to financial systems via digital assets. No specific publicly traded companies are named in the article.

The US Senate is resuming debate on the CLARITY Act, a crypto market structure bill, this week. Several Democratic lawmakers have stated they will not support any version of the bill unless it includes ethics provisions addressing potential conflicts of interest by elected officials. The bill's passage remains uncertain amid ongoing partisan disagreement over its scope.

Japan's ruling Liberal Democratic Party has announced support for crypto ETF trading and the development of yen-based stablecoins, signaling a potential shift in the country's digital asset regulatory framework. The move reflects growing political backing for crypto market infrastructure in Japan. No specific companies or exchange-listed tickers were named in the article.

Aave has overhauled its asset listing standards following a $230 million exploit involving rsETH that exposed vulnerabilities in bridge infrastructure. The protocol is updating its risk framework to tighten requirements for assets that rely on cross-chain bridges. The move is a direct response to the incident, which highlighted systemic risks in DeFi collateral backed by bridged tokens.

Vietnam's Ministry of Finance has proposed allowing small and medium-sized enterprises (SMEs) to use digital assets, virtual assets, and intellectual property as collateral for loans. The proposal is a regulatory policy initiative and has not yet been enacted into law. No specific companies or publicly traded firms are named in the article.

JPMorgan CEO Jamie Dimon has escalated his opposition to stablecoin yield provisions in the CLARITY Act, stating that banks will not accept interest-bearing stablecoins. The debate centers on whether stablecoins should be permitted to offer rewards or yields to holders, a provision that traditional banks argue would undermine their deposit base. The CLARITY Act is a legislative effort to establish a regulatory framework for digital assets in the U.S.

China's antitrust regulator has reportedly requested additional information regarding the proposed deal between Kenvue and Kimberly-Clark, according to a SeekingAlpha report. The request for more information typically signals a more in-depth review by Chinese authorities and could delay deal closure. No further details on the scope of the inquiry or a revised timeline were provided.

A U.S. regulator has stated that 24/7 trading is well-suited for cryptocurrency markets but may not be appropriate for other financial sectors. The comments suggest a differentiated regulatory stance on round-the-clock trading across asset classes. No specific company actions or policy changes were announced.

Intercontinental Exchange (ICE), parent company of the NYSE, has called on regulators to establish a "level playing field" to allow traditional exchanges to offer 24/7 onchain perpetual futures contracts. ICE's CEO highlighted that such products are already actively trading on decentralized platforms like Hyperliquid. The comments signal ICE's interest in entering the onchain derivatives space pending regulatory clarity.

Texas is transitioning its $10 million Strategic Bitcoin Reserve from BlackRock's iShares Bitcoin Trust ETF (IBIT) to direct Bitcoin custody, requiring the state to hire a crypto custodian. The move signals a shift toward full state-level Bitcoin infrastructure rather than ETF-based exposure. This is a negative development for IBIT's AUM and a broadly bullish signal for direct Bitcoin custody adoption.

SEC Commissioner Hester Peirce, head of the agency's Crypto Task Force, publicly defended privacy-enhancing technologies in crypto, arguing they can strengthen investor protection. She urged regulators to avoid treating such tools with suspicion amid broader surveillance-focused regulatory discussions. The statement signals a cautiously pro-privacy stance from within the SEC on crypto regulation.

President Trump publicly endorsed the CLARITY Act on social media, claiming it would "future proof" crypto regulation in the U.S. The bill's congressional path remains uncertain due to concerns over ethics provisions, and Trump's own crypto business ties are under scrutiny. No specific company actions or named tickers are cited in the article.

France's financial regulator, the AMF, has set a June 30 deadline for crypto asset service providers to obtain licensing under the EU's Markets in Crypto Assets (MiCA) framework. MiCA regulations initially took effect in 2024 but included a transitional period for firms to achieve full compliance. Providers operating in France must now meet the deadline or risk losing authorization to operate.

UniCredit has issued a warning that Europe's MiCA (Markets in Crypto-Assets) regulatory framework may be insufficient to contain a potential crisis at the intersection of crypto and traditional banking. The bank flagged structural gaps in MiCA that could limit regulators' ability to respond effectively if a crypto-linked bank failure were to occur. No specific company actions or transactions were announced.

Argentina's legislature is considering a bill that would prohibit banks, payment companies, and cryptocurrency providers from processing transactions for unauthorized online gambling platforms. The proposed regulation targets the financial infrastructure supporting illegal betting sites rather than end users directly. No specific companies are named in the article.

Polymarket executive Josh Stevens clarified that KYC (Know Your Customer) identity verification is limited to a beta product and will not be applied to the existing Polymarket platform. The statement appears to address user concerns about potential identity check requirements on the current service. No changes to the existing platform's access requirements were announced.

The White House is reviewing a CFTC rule governing prediction markets as the Trump administration signals support for federal oversight of the space. The review could reshape the regulatory framework for prediction market platforms operating under CFTC jurisdiction. No specific company action has been announced; the development is a regulatory and policy-level event.

Polymarket is reportedly exploring mandatory KYC (Know Your Customer) verification requirements for its users, which would mark a significant departure from its current pseudonymous trading model. The move comes amid a broader global regulatory crackdown on prediction markets. No formal policy change has been confirmed.

CoinDesk's "Crypto Long & Short" column examines how the GENIUS Act — stablecoin legislation moving through the U.S. Congress — has affected bitcoin's perceived monetary premium. The piece analyzes the repricing dynamic between regulated stablecoins and bitcoin as a store-of-value asset in the context of evolving U.S. crypto regulation. No specific company earnings, deals, or product events are cited.

Banca Sella has received MiCA (Markets in Crypto-Assets) regulatory clearance to offer crypto services in Italy. The bank plans to roll out digital asset custody, transfer, and receipt services in 2026 for selected customer categories. No publicly traded tickers are explicitly mentioned in the article.

China's Supreme People's Court announced plans to study adjudication rules for cryptocurrency and AI-related cases. The move is regulatory/judicial in nature and does not signal a reversal of China's existing crypto ban. No specific companies or assets were named in the announcement.

Crypto-backed political action committees funded candidates in Texas primary runoffs, contributing to the defeat of a senior Democrat and supporting Republican candidates. The spending comes as U.S. lawmakers are actively working on new federal cryptocurrency regulations. No specific publicly traded companies are named in the article.

Crypto exchange HTX has publicly denied allegations that it violated U.K. sanctions, stating it refused a request to list a ruble-backed stablecoin. The exchange issued a formal rejection of the claims, framing its decision as evidence of compliance rather than wrongdoing. No further regulatory action or findings have been confirmed at this time.

President Trump publicly stated it is "critically important" that the CFTC holds sole regulatory authority over prediction markets, directing criticism at state officials who have sought to assert jurisdiction. The statement signals federal support for CFTC oversight and could influence ongoing regulatory disputes between federal and state authorities. No specific company actions or transactions were announced.

A crypto advocacy group, The Digital Chamber, has urged the Office of the Comptroller of the Currency (OCC) to defend its approval of crypto company bank charters, following Senator Elizabeth Warren's claims that the OCC may have violated US banking laws in doing so. The dispute centers on the legality of granting national bank charters to crypto firms. No specific publicly traded companies are named in the article.

President Trump publicly praised prediction markets and defended the CFTC amid ongoing court cases related to the sector. The remarks signal continued political support for prediction market platforms but do not constitute a specific regulatory or legislative action. No individual company actions or outcomes were announced.

Financial Times testing found that safety guardrails on open-source AI models from Meta and Google can be removed in minutes, raising concerns about the governance and regulation of open-source AI. The findings highlight the difficulty of enforcing safety controls on publicly released models. The article raises broader questions about regulatory frameworks for open-source AI without citing specific company actions or policy changes.

Binance is seeking to re-enter the Philippine market by pursuing a partnership through the country's SEC regulatory sandbox, following a 2024 NTC directive that blocked its operations due to licensing and registration concerns. The move represents an incremental step toward potential re-authorization rather than a confirmed regulatory clearance. No timeline or formal approval has been announced.

The Pentagon is reportedly in a dispute with SpaceX over a price increase for Starlink satellite internet services during the ongoing Iran war, according to Reuters. The conflict centers on the cost of military use of Starlink connectivity during an active combat situation. SpaceX is privately held, but the dispute has implications for its defense contracts and government relationships.

Indonesia's government has blocked access to Polymarket, the decentralized prediction market platform, classifying it as online gambling. The ban adds Indonesia to a growing list of jurisdictions restricting prediction market activity. Polymarket is a private company and does not have a publicly traded ticker; no major publicly listed firms are cited in the article.

Indonesia has blocked access to the prediction market platform Polymarket after users placed bets on President Prabowo Subianto leaving office before the end of his term. Authorities cited gambling concerns as the basis for the ban, reflecting growing global regulatory scrutiny of prediction markets. No specific financial tickers are directly implicated in the article.

Kalshi, a prediction markets platform, is backing a new lobbying group focused on advancing prediction markets in Washington, with John Bivona, head of government relations, signaling an aggressive stance against incumbent financial interests. The group reportedly includes a former Trump administration official. No financial results or corporate transactions are involved; this is a political and regulatory strategy move by Kalshi.