The US Justice Department and commodities regulator asked a federal court to block Arizona’s action against Kalshi, arguing federally regulated event contracts fall under CFTC jurisdiction.
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The Commodity Futures Trading Commission claims it "first officially recognized" event contracts in 1992 and that Congress has granted it sole authority over the market.
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A Kalshi spokesperson said that the criminal case was based on ”paper-thin arguments” and claimed the company was exclusively under federal jurisdiction.
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Arizona proposals target crypto tax exemptions and protections for blockchain node operators, with some measures requiring voter approval in 2026.
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An Arizona woman was sentenced to 8.5 years for aiding DPRK hackers in infiltrating over 300 US crypto and tech firms, generating $17 million of illicit gains.
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At least 50% of US states have strong congressional representative support on blockchain policy, while 36% have an active pro-crypto task force.
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Arizona Governor Katie Hobbs has vetoed a measure that would have created a fund from seized crypto, with proceeds split between law enforcement and the state.
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The Arizona Senate has voted to revive House Bill 2324, a Bitcoin reserve bill that initially failed in the House.
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Arizona Governor Katie Hobbs rejected bills to establish a state Bitcoin reserve and accept crypto payments, but signed a bill regulating crypto ATMs.
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Arizona Governor Katie Hobbs has signed a law allowing the state to claim ownership of digital assets that have been abandoned for at least three years.
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Arizona state senator and Bitcoin advocate Wendy Rogers said, “Bitcoin doesn’t need Arizona, Arizona needs Bitcoin."
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Arizona’s plan to invest in Bitcoin has ended in a veto, with Governor Katie Hobbs citing concerns over using public funds for "untested assets."
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The Arizona House of Representatives approved two bills proposing different methods that the state could use to establish a cryptocurrency reserve.
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Arizona’s Strategic Digital Assets Reserve Bill is one vote away from hitting Governor Katie Hobbs’ desk, though she has been recently vetoing bipartisan bills.
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New Hampshire is now the fourth US state to see a Bitcoin reserve bill pass through one legislative chamber, while a Florida House committee has advanced a similar bill.
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