Law News

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.

The decision closes a legal battle spanning more than a year, after Dunamu moved to overturn the sanction and halt its enforcement.

Yuga Labs first filed a lawsuit in June 2022, accusing Ripps and Cahen of copying its Bored Ape Yacht Club cartoon ape images and selling lookalike NFTs.

“In our view, the equitable balance here cuts in favor of the government,” said a panel of judges from the District of Columbia Court of Appeals.

David Woodcock steps into the role as US senators await answers to questions on the agency dropping lawsuits against Justin Sun and several crypto companies.

The proposed rule would direct payment stablecoin issuers to establish AML/CFT and sanctions compliance programs, and be able to “block, freeze, and reject” certain transactions.

The Financial Services Commission said inconsistent exemption rules created loopholes that allowed funds to move quickly with minimal account history.

The draft proposal from South Korea’s ruling party reportedly bars stablecoin interest and calls for technical standards to ensure interoperability across blockchain networks.

FDIC’s proposed rules providing insurance for corporate deposits of stablecoin issuers will not extend to the stablecoin holders, as it would conflict with the GENIUS Act’s text, the FDIC said.

Roman Storm, the co-founder of the crypto mixing service, still faces a possible retrial on two charges after a jury failed to reach a verdict in 2025.

One of the three convicted terrorism financiers sent $49,000 worth of stablecoins to a foreign exchange before it was routed to an ISIS-linked campaign.

The proposal includes a startup exemption, a fundraising exemption and an investment contract safe harbor for issuers. 

As states seek to regulate prediction markets, a panel of federal judges ruled in favor of Kalshi’s position that only the CFTC has jurisdiction.

Acknowledging there is ”still a lot more work to do” before Congress can advance a market structure bill, Senator Bill Hagerty sees renewed attention starting next week.

China’s leading tax and financial authorities are urging banks to incorporate blockchain technology to bolster their credit facilities and data transparency.